Kulicke & Soffa Industries Inc
KLIC Nasdaq Semiconductors & Related Devices Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$654M
7.4%
vs prior year
Operating margin
Operating income as a share of revenue.
−0.5%
12.6 pts
Net income
Profit after all expenses, interest and tax.
$0.2M
Free cash flow
Cash from operations minus capital spending.
$96.4M
547.2%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
—
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $2.19 EPS (TTM)
What Kulicke & Soffa Industries Inc does
No business description yet.
- Legal name
- KULICKE & SOFFA INDUSTRIES INC
- Fiscal year ends
- October 4, 2025
- Latest annual report
- 10-K · Nov 20, 2025
- Accession · CIK
- 0000056978-25-000081
0000056978
Revenue and margins
Kulicke & Soffa Industries Inc had $654M of revenue in fiscal 2025, down 7.4% on the year before.
FY16
Revenue $627M
FY17
Revenue $809M
FY18
Revenue $889M
FY19
Revenue $540M
FY20
Revenue $623M
FY21
Revenue $1.5B
FY22
Revenue $1.5B
FY23
Revenue $742M
FY24
Revenue $706M
FY25
Revenue $654M
Q4 '23
Revenue $202M
Q1 '24
Revenue $171M
Q2 '24
Revenue $172M
Q3 '24
Revenue $182M
Q4 '24
Revenue $181M
Q1 '25
Revenue $166M
Q2 '25
Revenue $162M
Q3 '25
Revenue $148M
Q4 '25
Revenue $178M
Q1 '26
Revenue $200M
Q2 '26
Revenue $243M
Q3 '26
Revenue $330M
FY16
Gross 44.8%
Operating 8.6%
Net 7.7%
FCF 9.9%
FY17
Gross 47.2%
Operating 14.0%
Net 15.6%
FCF 13.7%
FY18
Gross 46.1%
Operating 18.7%
Net 6.4%
FCF 11.6%
FY19
Gross 47.1%
Operating 4.0%
Net 2.2%
FCF 10.0%
FY20
Gross 47.8%
Operating 9.4%
Net 8.4%
FCF 13.3%
FY21
Gross 45.9%
Operating 27.2%
Net 24.2%
FCF 18.3%
FY22
Gross 49.8%
Operating 31.3%
Net 28.8%
FCF 24.4%
FY23
Gross 48.3%
Operating 5.3%
Net 7.7%
FCF 17.4%
FY24
Gross 38.1%
Operating −13.1%
Net −9.8%
FCF 2.1%
FY25
Gross 42.5%
Operating −0.5%
Net 0.0%
FCF 14.7%
Gross
Operating
Net
FCF
Q4 '23
Gross 47.4%
Operating 9.6%
Net 11.5%
FCF 33.7%
Q1 '24
Gross 46.7%
Operating 1.0%
Net 5.4%
FCF −6.9%
Q2 '24
Gross 9.6%
Operating −61.1%
Net −59.7%
FCF −15.5%
Q3 '24
Gross 46.6%
Operating 4.6%
Net 6.8%
FCF 13.3%
Q4 '24
Gross 48.3%
Operating 1.5%
Net 6.7%
FCF 16.1%
Q1 '25
Gross 52.4%
Operating 52.2%
Net 49.1%
FCF 5.2%
Q2 '25
Gross 24.9%
Operating −52.3%
Net −52.2%
FCF 48.1%
Q3 '25
Gross 46.7%
Operating −4.1%
Net −2.2%
FCF 2.8%
Q4 '25
Gross 45.7%
Operating 0.5%
Net 3.6%
FCF 3.2%
Q1 '26
Gross 49.6%
Operating 8.9%
Net 8.4%
FCF −5.8%
Q2 '26
Gross 49.3%
Operating 15.9%
Net 14.5%
FCF 2.6%
Q3 '26
Gross 47.8%
Operating 20.7%
Net 17.4%
FCF 12.4%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew −43.5% a year. Loss periods are shown in red.
FY16
Net income $48.5M
FY17
Net income $126M
FY18
Net income $56.7M
FY19
Net income $11.7M
FY20
Net income $52.3M
FY21
Net income $367M
FY22
Net income $434M
FY23
Net income $57.1M
FY24
Net income −$69.0M
FY25
Net income $0.2M
Q4 '23
Net income $23.4M
Q1 '24
Net income $9.3M
Q2 '24
Net income −$103M
Q3 '24
Net income $12.3M
Q4 '24
Net income $12.1M
Q1 '25
Net income $81.6M
Q2 '25
Net income −$84.5M
Q3 '25
Net income −$3.3M
Q4 '25
Net income $6.4M
Q1 '26
Net income $16.8M
Q2 '26
Net income $35.1M
Q3 '26
Net income $57.4M
FY16
Diluted EPS $0.68
FY17
Diluted EPS $1.75
FY18
Diluted EPS $0.80
FY19
Diluted EPS $0.18
FY20
Diluted EPS $0.83
FY21
Diluted EPS $5.78
FY22
Diluted EPS $7.09
FY23
Diluted EPS $0.99
FY24
Diluted EPS −$1.24
FY25
Diluted EPS $0.00
Q4 '23
Diluted EPS $0.41
Q1 '24
Diluted EPS $0.16
Q2 '24
Diluted EPS −$1.83
Q3 '24
Diluted EPS $0.22
Q4 '24
Diluted EPS $0.21
Q1 '25
Diluted EPS $1.51
Q2 '25
Diluted EPS −$1.59
Q3 '25
Diluted EPS −$0.06
Q4 '25
Diluted EPS $0.14
Q1 '26
Diluted EPS $0.32
Q2 '26
Diluted EPS $0.66
Q3 '26
Diluted EPS $1.07
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital —
Return on equity 6.1%
Return on assets 4.9%
FY17
Return on capital —
Return on equity 14.7%
Return on assets 11.7%
FY18
Return on capital —
Return on equity 6.3%
Return on assets 4.8%
FY19
Return on capital —
Return on equity 1.4%
Return on assets 1.0%
FY20
Return on capital —
Return on equity 6.8%
Return on assets 4.9%
FY21
Return on capital —
Return on equity 39.6%
Return on assets 27.6%
FY22
Return on capital —
Return on equity 37.9%
Return on assets 27.2%
FY23
Return on capital —
Return on equity 4.8%
Return on assets 3.7%
FY24
Return on capital —
Return on equity −6.5%
Return on assets −5.0%
FY25
Return on capital —
Return on equity 0.0%
Return on assets 0.0%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $96.4M in fiscal 2025, 14.7% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $62.2M
FY17
Free cash flow $111M
FY18
Free cash flow $103M
FY19
Free cash flow $54.2M
FY20
Free cash flow $82.7M
FY21
Free cash flow $277M
FY22
Free cash flow $367M
FY23
Free cash flow $129M
FY24
Free cash flow $14.9M
FY25
Free cash flow $96.4M
Q4 '23
Free cash flow $68.2M
Q1 '24
Free cash flow −$11.8M
Q2 '24
Free cash flow −$26.7M
Q3 '24
Free cash flow $24.2M
Q4 '24
Free cash flow $29.2M
Q1 '25
Free cash flow $8.7M
Q2 '25
Free cash flow $77.9M
Q3 '25
Free cash flow $4.1M
Q4 '25
Free cash flow $5.6M
Q1 '26
Free cash flow −$11.6M
Q2 '26
Free cash flow $6.2M
Q3 '26
Free cash flow $40.9M
FY16
Cash from operations $68.4M
Capital spending $6.2M
FY17
Cash from operations $136M
Capital spending $25.6M
FY18
Cash from operations $123M
Capital spending $20.5M
FY19
Cash from operations $66.0M
Capital spending $11.7M
FY20
Cash from operations $94.4M
Capital spending $11.7M
FY21
Cash from operations $300M
Capital spending $22.8M
FY22
Cash from operations $390M
Capital spending $23.0M
FY23
Cash from operations $173M
Capital spending $44.4M
FY24
Cash from operations $31.0M
Capital spending $16.1M
FY25
Cash from operations $114M
Capital spending $17.2M
Cash from operations
Capital spending
Q4 '23
Cash from operations $77.5M
Capital spending $9.3M
Q1 '24
Cash from operations −$7.3M
Capital spending $4.4M
Q2 '24
Cash from operations −$20.1M
Capital spending $6.6M
Q3 '24
Cash from operations $26.9M
Capital spending $2.7M
Q4 '24
Cash from operations $31.6M
Capital spending $2.5M
Q1 '25
Cash from operations $18.9M
Capital spending $10.2M
Q2 '25
Cash from operations $79.9M
Capital spending $2.0M
Q3 '25
Cash from operations $6.2M
Capital spending $2.1M
Q4 '25
Cash from operations $8.6M
Capital spending $3.0M
Q1 '26
Cash from operations −$8.9M
Capital spending $2.7M
Q2 '26
Cash from operations $10.3M
Capital spending $4.1M
Q3 '26
Cash from operations $45.2M
Capital spending $4.3M
Cash from operations
Capital spending
Dividends, buybacks and share count
Kulicke & Soffa Industries Inc returned $97.1M to shareholders in fiscal 2025, 101% of free cash flow. The diluted share count fell 4.4%.
FY16
Dividends $0.0M
Buybacks $14.6M
FY17
Dividends $0.0M
Buybacks $18.2M
FY18
Dividends $8.2M
Buybacks $90.3M
FY19
Dividends $31.6M
Buybacks $99.9M
FY20
Dividends $30.2M
Buybacks $54.5M
FY21
Dividends $33.5M
Buybacks $10.4M
FY22
Dividends $39.4M
Buybacks $281M
FY23
Dividends $42.0M
Buybacks $69.2M
FY24
Dividends $44.2M
Buybacks $151M
FY25
Dividends —
Buybacks $97.1M
Dividends
Buybacks
Q4 '23
Dividends —
Buybacks $8.6M
Q1 '24
Dividends —
Buybacks $27.2M
Q2 '24
Dividends —
Buybacks $36.2M
Q3 '24
Dividends —
Buybacks $44.7M
Q4 '24
Dividends —
Buybacks $42.7M
Q1 '25
Dividends —
Buybacks $37.2M
Q2 '25
Dividends —
Buybacks $21.3M
Q3 '25
Dividends —
Buybacks $21.6M
Q4 '25
Dividends —
Buybacks $17.0M
Q1 '26
Dividends —
Buybacks $6.7M
Q2 '26
Dividends —
Buybacks $0.2M
Q3 '26
Dividends —
Buybacks $0.5M
Dividends
Buybacks
FY16
Diluted shares 0.07B
FY17
Diluted shares 0.07B
FY18
Diluted shares 0.07B
FY19
Diluted shares 0.07B
FY20
Diluted shares 0.06B
FY21
Diluted shares 0.06B
FY22
Diluted shares 0.06B
FY23
Diluted shares 0.06B
FY24
Diluted shares 0.06B
FY25
Diluted shares 0.05B
Balance sheet
Cash, debt and the ratios that show how comfortably Kulicke & Soffa Industries Inc can carry it.
FY16
Cash $548M
Debt —
FY17
Cash $608M
Debt —
FY18
Cash $614M
Debt —
FY19
Cash $593M
Debt —
FY20
Cash $530M
Debt —
FY21
Cash $740M
Debt —
FY22
Cash $776M
Debt —
FY23
Cash $759M
Debt —
FY24
Cash $577M
Debt —
FY25
Cash $511M
Debt —
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $740M | $776M | $759M | $577M | $511M |
| Interest coverage | 1,892.0x | 2,260.0x | 277.7x | −1,039.3x | −24.1x |
| Current ratio | 3.8x | 5.4x | 6.5x | 5.4x | 4.8x |
| Quick ratio | 3.4x | 4.6x | 5.4x | 4.4x | 3.9x |
| Total assets | $1.6B | $1.6B | $1.5B | $1.2B | $1.1B |
| Total liabilities | $506M | $394M | $325M | $296M | $283M |
| Shareholders' equity | $1.1B | $1.2B | $1.2B | $944M | $821M |
| Net debt (− = net cash) | — | — | — | — | — |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | — | — | — | — | — | — | — | — | — |
| Current ratio rose | — | ✕ | ✓ | ✕ | ✓ | ✕ | ✓ | ✓ | ✕ | ✕ |
| Share count didn't rise | — | ✕ | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✓ |
| Gross margin rose | — | ✓ | ✕ | ✓ | ✓ | ✕ | ✓ | ✕ | ✕ | ✓ |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ |
| F-score | — / 3 | 6 / 8 | 6 / 8 | 5 / 8 | 8 / 8 | 4 / 8 | 6 / 8 | 5 / 8 | 4 / 8 | 7 / 8 |
| Accruals ratio | −2.0% | −0.9% | −5.7% | −4.8% | −3.9% | 5.1% | 2.7% | −7.5% | −7.3% | −9.7% |
| Altman Z'' | 10.80 | 10.34 | 10.16 | 8.90 | 9.33 | 10.03 | 12.40 | 11.32 | 10.40 | 10.81 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $627M | $809M | $889M | $540M | $623M | $1.5B | $1.5B | $742M | $706M | $654M |
| Gross profit | $281M | $382M | $409M | $255M | $298M | $697M | $748M | $359M | $269M | $278M |
| Research and development | $92.4M | $100M | $120M | $116M | $123M | $137M | $137M | $145M | $151M | $150M |
| Operating income | $54.0M | $113M | $167M | $21.6M | $58.5M | $412M | $470M | $39.4M | −$92.5M | −$3.2M |
| Interest expense | $1.1M | $1.1M | $1.1M | $2.1M | $1.7M | $0.2M | $0.2M | $0.1M | $0.1M | $0.1M |
| Pretax income | $56.2M | $119M | $178M | $34.7M | $64.3M | $415M | $477M | $72.2M | −$58.4M | $20.5M |
| Income tax | $7.7M | −$7.4M | $121M | $22.9M | $12.0M | $47.3M | $43.4M | $15.1M | $10.7M | $20.3M |
| Net income | $48.5M | $126M | $56.7M | $11.7M | $52.3M | $367M | $434M | $57.1M | −$69.0M | $0.2M |
| Net income to common | $47.1M | — | — | — | — | — | — | — | — | — |
| Diluted EPS | $0.68 | $1.75 | $0.80 | $0.18 | $0.83 | $5.78 | $7.09 | $0.99 | −$1.24 | $0.00 |
| Diluted shares | 0.07B | 0.07B | 0.07B | 0.07B | 0.06B | 0.06B | 0.06B | 0.06B | 0.06B | 0.05B |
| Cash flow | ||||||||||
| Cash from operations | $68.4M | $136M | $123M | $66.0M | $94.4M | $300M | $390M | $173M | $31.0M | $114M |
| Capital expenditure | $6.2M | $25.6M | $20.5M | $11.7M | $11.7M | $22.8M | $23.0M | $44.4M | $16.1M | $17.2M |
| Free cash flow | $62.2M | $111M | $103M | $54.2M | $82.7M | $277M | $367M | $129M | $14.9M | $96.4M |
| Depreciation and amortization | $16.2M | $16.3M | $19.0M | $20.3M | $19.7M | $19.8M | $21.3M | $28.9M | $24.7M | $18.0M |
| Stock-based compensation | $5.7M | $11.7M | $11.7M | $14.3M | $15.0M | $15.5M | $19.0M | $22.7M | $26.9M | $28.5M |
| Acquisitions | $0.0M | $27.1M | $0.0M | $0.0M | $0.0M | $26.3M | $0.0M | $36.9M | $0.0M | — |
| Share buybacks | $14.6M | $18.2M | $90.3M | $99.9M | $54.5M | $10.4M | $281M | $69.2M | $151M | $97.1M |
| Dividends paid | $0.0M | $0.0M | $8.2M | $31.6M | $30.2M | $33.5M | $39.4M | $42.0M | $44.2M | — |
| Dividends and buybacks | $14.6M | $18.2M | $98.5M | $131M | $84.8M | $43.9M | $321M | $111M | $195M | $97.1M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $548M | $608M | $614M | $593M | $530M | $740M | $776M | $759M | $577M | $511M |
| Current assets | $781M | $953M | $987M | $894M | $860M | $1.4B | $1.3B | $1.2B | $995M | $902M |
| Current liabilities | $126M | $193M | $174M | $175M | $158M | $352M | $249M | $182M | $184M | $188M |
| Inventory | $87.3M | $122M | $115M | $89.3M | $112M | $167M | $185M | $217M | $178M | $160M |
| Property and equipment, net | $50.3M | $67.8M | $76.1M | $72.4M | $59.1M | $68.0M | $80.9M | $110M | $64.8M | $59.0M |
| Goodwill | $81.3M | $56.3M | $56.6M | $55.7M | $56.7M | $72.9M | $68.1M | $88.7M | $89.7M | $69.5M |
| Intangible assets | $50.8M | $62.3M | $52.9M | $42.7M | $38.0M | $42.8M | $31.9M | $29.4M | $25.2M | $5.6M |
| Total assets | $982M | $1.2B | $1.2B | $1.1B | $1.1B | $1.6B | $1.6B | $1.5B | $1.2B | $1.1B |
| Total liabilities | $183M | $251M | $306M | $311M | $297M | $506M | $394M | $325M | $296M | $283M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | $800M | $920M | $880M | $769M | $758M | $1.1B | $1.2B | $1.2B | $944M | $821M |
| Margins | ||||||||||
| Gross margin | 44.8% | 47.2% | 46.1% | 47.1% | 47.8% | 45.9% | 49.8% | 48.3% | 38.1% | 42.5% |
| Operating margin | 8.6% | 14.0% | 18.7% | 4.0% | 9.4% | 27.2% | 31.3% | 5.3% | −13.1% | −0.5% |
| EBITDA margin | 11.2% | 16.0% | 20.9% | 7.8% | 12.6% | 28.5% | 32.7% | 9.2% | −9.6% | 2.3% |
| Net margin | 7.7% | 15.6% | 6.4% | 2.2% | 8.4% | 24.2% | 28.8% | 7.7% | −9.8% | 0.0% |
| FCF margin | 9.9% | 13.7% | 11.6% | 10.0% | 13.3% | 18.3% | 24.4% | 17.4% | 2.1% | 14.7% |
| Returns | ||||||||||
| Return on capital employed | 6.3% | 11.6% | 16.5% | 2.4% | 6.5% | 33.0% | 35.1% | 3.0% | −8.8% | −0.4% |
| Return on equity | 6.1% | 14.7% | 6.3% | 1.4% | 6.8% | 39.6% | 37.9% | 4.8% | −6.5% | 0.0% |
| Return on assets | 4.9% | 11.7% | 4.8% | 1.0% | 4.9% | 27.6% | 27.2% | 3.7% | −5.0% | 0.0% |
| Return on tangible equity | 7.1% | 15.7% | 7.4% | 1.7% | 7.9% | 37.5% | 39.6% | 5.4% | −8.3% | 0.0% |
| Growth | ||||||||||
| Revenue growth | — | 29.0% | 9.9% | −39.3% | 15.4% | 143.5% | −0.9% | −50.6% | −4.9% | −7.4% |
| Net income growth | — | 160.2% | −55.1% | −79.4% | 348.8% | 602.0% | 18.1% | −86.8% | −220.7% | — |
| EPS growth | — | 157.4% | −54.3% | −77.5% | 361.1% | 596.4% | 22.7% | −86.0% | −225.3% | — |
| FCF growth | — | 78.0% | −7.0% | −47.4% | 52.5% | 235.3% | 32.4% | −64.9% | −88.5% | 547.2% |
| Share count change | — | 1.7% | −2.3% | −6.3% | −3.9% | 0.2% | −3.7% | −5.9% | −3.4% | −4.4% |
| Financial health | ||||||||||
| Interest coverage | 48.7x | 106.8x | 158.1x | 10.5x | 34.1x | 1,892.0x | 2,260.0x | 277.7x | −1,039.3x | −24.1x |
| Current ratio | 6.2x | 4.9x | 5.7x | 5.1x | 5.4x | 3.8x | 5.4x | 6.5x | 5.4x | 4.8x |
| Quick ratio | 5.5x | 4.3x | 5.0x | 4.6x | 4.7x | 3.4x | 4.6x | 5.4x | 4.4x | 3.9x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.0% | 3.2% | 2.3% | 2.2% | 1.9% | 1.5% | 1.5% | 6.0% | 2.3% | 2.6% |
| Stock comp / revenue | 0.9% | 1.4% | 1.3% | 2.7% | 2.4% | 1.0% | 1.3% | 3.1% | 3.8% | 4.4% |
| Payouts / FCF | 23.4% | 16.4% | 95.6% | 242.4% | 102.5% | 15.8% | 87.3% | 86.2% | 1,309.4% | 100.8% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 6.0 | 6.0 | 5.0 | 8.0 | 4.0 | 6.0 | 5.0 | 4.0 | 7.0 |
| Altman Z'' | 10.8 | 10.3 | 10.2 | 8.9 | 9.3 | 10.0 | 12.4 | 11.3 | 10.4 | 10.8 |
| Accruals ratio | −2.0% | −0.9% | −5.7% | −4.8% | −3.9% | 5.1% | 2.7% | −7.5% | −7.3% | −9.7% |
Source: SEC EDGAR XBRL filings (CIK 0000056978). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.