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Camtek vs Optex Systems: revenue, profit, margins and growth compared

Camtek brought in $496.1M of revenue in fiscal 2025, Optex Systems $41.3M in fiscal 2025. Revenue changed by +15.6% at Camtek and +21.6% at Optex Systems on the year before, so Optex Systems grew faster. Camtek kept 10.2% of its revenue as net profit, Optex Systems 12.5%. Free cash flow was $127.5M at Camtek and $6.4M at Optex Systems.

Side by side, latest fiscal year

CAMTOPXS
Fiscal year endedFY2025 (December 31, 2025)FY2025 (September 28, 2025)
Revenue$496.1M$41.3M
Revenue growth+15.6%+21.6%
Net income$50.7M$5.1M
Net margin10.2%12.5%
Free cash flow$127.5M$6.4M
Free cash flow margin25.7%15.6%
Earnings per share (diluted)$1.04$0.74
Cash$177.8M$6.4M
Debtn/an/a
Price to earningsn/a14.1
Market value$6.8B$72.5M
Dividend yieldn/an/a
Rank by revenue in sector#305 of 530 · Technology#454 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: $496.1MOPXS FY2018: $20.9MOPXS FY2019: $24.5MOPXS FY2020: $25.9MOPXS FY2021: $18.2MOPXS FY2022: $22.4MOPXS FY2023: $25.7MOPXS FY2024: $34MOPXS FY2025: $41.3MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $496.1MOPXS $41.3M
Net income
CAMT FY2018: $18.7MCAMT FY2019: $22MCAMT FY2020: $21.8MCAMT FY2021: $60.3MCAMT FY2022: $79.9MCAMT FY2023: $78.6MCAMT FY2024: $118.5MCAMT FY2025: $50.7MOPXS FY2018: $1.4MOPXS FY2019: $5.7MOPXS FY2020: $1.8MOPXS FY2021: $2.1MOPXS FY2022: $1.3MOPXS FY2023: $2.3MOPXS FY2024: $3.8MOPXS FY2025: $5.1MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $50.7MOPXS $5.1M
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%OPXS FY2018: 6.7%OPXS FY2019: 23.1%OPXS FY2020: 7.0%OPXS FY2021: 11.7%OPXS FY2022: 5.7%OPXS FY2023: 8.8%OPXS FY2024: 11.1%OPXS FY2025: 12.5%FY18FY19FY20FY21FY22FY23FY24FY25
CAMT 10.2%OPXS 12.5%
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%OPXS FY2019: +17.6%OPXS FY2020: +5.5%OPXS FY2021: -29.6%OPXS FY2022: +22.8%OPXS FY2023: +14.6%OPXS FY2024: +32.5%OPXS FY2025: +21.6%FY19FY20FY21FY22FY23FY24FY25
CAMT +15.6%OPXS +21.6%
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: $127.5MOPXS FY2018: $872KOPXS FY2019: $17KOPXS FY2020: $3.8MOPXS FY2021: $207KOPXS FY2022: $1.8MOPXS FY2023: -$672KOPXS FY2024: $1.1MOPXS FY2025: $6.4MFY18FY19FY20FY21FY22FY23FY24FY25
CAMT $127.5MOPXS $6.4M

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

Questions about Camtek and Optex Systems

Which is bigger by revenue, Camtek or Optex Systems?

Camtek is bigger by revenue: $496.1M in fiscal 2025, against $41.3M for Optex Systems in fiscal 2025.

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

Camtek had a net margin of 10.2% in fiscal 2025; Optex Systems had 12.5% in fiscal 2025.

Which grew revenue faster, Camtek or Optex Systems?

In their latest fiscal years revenue changed by +15.6% at Camtek and +21.6% at Optex Systems.

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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