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Camtek vs Nova: revenue, profit, margins and growth compared

Camtek brought in $496.1M of revenue in fiscal 2025, Nova $880.6M in fiscal 2025. Revenue changed by +15.6% at Camtek and +31.0% at Nova on the year before, so Nova grew faster. Camtek kept 10.2% of its revenue as net profit, Nova 29.4%. Free cash flow was $127.5M at Camtek and $217.9M at Nova.

Side by side, latest fiscal year

CAMTNVMI
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$496.1M$880.6M
Revenue growth+15.6%+31.0%
Net income$50.7M$259.2M
Net margin10.2%29.4%
Free cash flow$127.5M$217.9M
Free cash flow margin25.7%24.7%
Earnings per share (diluted)$1.04$7.96
Cash$177.8M$214.5M
Debtn/an/a
Price to earningsn/an/a
Market value$6.8B$11.7B
Dividend yieldn/an/a
Rank by revenue in sector#305 of 530 · Technology#233 of 530 · Technology

Over the years

Revenue
CAMT FY2018: $123.2MCAMT FY2019: $134MCAMT FY2020: $155.9MCAMT FY2021: $269.7MCAMT FY2022: $320.9MCAMT FY2023: $315.4MCAMT FY2024: $429.2MCAMT FY2025: $496.1MNVMI FY2018: $251.1MNVMI FY2019: $224.9MNVMI FY2020: $269.4MNVMI FY2021: $416.1MNVMI FY2022: $570.7MNVMI FY2023: $517.9MNVMI FY2024: $672.4MNVMI FY2025: $880.6MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $496.1MNVMI $880.6M
Net income
CAMT FY2018: $18.7MCAMT FY2019: $22MCAMT FY2020: $21.8MCAMT FY2021: $60.3MCAMT FY2022: $79.9MCAMT FY2023: $78.6MCAMT FY2024: $118.5MCAMT FY2025: $50.7MNVMI FY2018: $54.4MNVMI FY2019: $35.2MNVMI FY2020: $47.9MNVMI FY2021: $93.1MNVMI FY2022: $140.2MNVMI FY2023: $136.3MNVMI FY2024: $183.8MNVMI FY2025: $259.2MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $50.7MNVMI $259.2M
Net margin
CAMT FY2018: 15.2%CAMT FY2019: 16.4%CAMT FY2020: 14.0%CAMT FY2021: 22.4%CAMT FY2022: 24.9%CAMT FY2023: 24.9%CAMT FY2024: 27.6%CAMT FY2025: 10.2%NVMI FY2018: 21.7%NVMI FY2019: 15.6%NVMI FY2020: 17.8%NVMI FY2021: 22.4%NVMI FY2022: 24.6%NVMI FY2023: 26.3%NVMI FY2024: 27.3%NVMI FY2025: 29.4%FY18FY19FY20FY21FY22FY23FY24FY25
CAMT 10.2%NVMI 29.4%
Revenue growth
CAMT FY2019: +8.8%CAMT FY2020: +16.3%CAMT FY2021: +73.0%CAMT FY2022: +19.0%CAMT FY2023: -1.7%CAMT FY2024: +36.1%CAMT FY2025: +15.6%NVMI FY2019: -10.4%NVMI FY2020: +19.8%NVMI FY2021: +54.5%NVMI FY2022: +37.2%NVMI FY2023: -9.3%NVMI FY2024: +29.8%NVMI FY2025: +31.0%FY19FY20FY21FY22FY23FY24FY25
CAMT +15.6%NVMI +31.0%
Free cash flow
CAMT FY2018: $14.5MCAMT FY2019: $23.4MCAMT FY2020: $23.3MCAMT FY2021: $56.9MCAMT FY2022: $49.6MCAMT FY2023: $71.2MCAMT FY2024: $112.1MCAMT FY2025: $127.5MNVMI FY2018: $33.4MNVMI FY2019: $19.4MNVMI FY2020: $53.8MNVMI FY2021: $127.4MNVMI FY2022: $98.2MNVMI FY2023: $106.3MNVMI FY2024: $218.1MNVMI FY2025: $217.9MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $127.5MNVMI $217.9M

Fiscal years as each company reports them; the two may end in different months.

Questions about Camtek and Nova

Which is bigger by revenue, Camtek or Nova?

Nova is bigger by revenue: $880.6M in fiscal 2025, against $496.1M for Camtek in fiscal 2025.

Which keeps more of its revenue as profit, Camtek or Nova?

Camtek had a net margin of 10.2% in fiscal 2025; Nova had 29.4% in fiscal 2025.

Which grew revenue faster, Camtek or Nova?

In their latest fiscal years revenue changed by +15.6% at Camtek and +31.0% at Nova.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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