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Side-by-side financial comparison of FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $107.5M, roughly 2.0× FEDERAL AGRICULTURAL MORTGAGE CORP). On growth, FEDERAL AGRICULTURAL MORTGAGE CORP posted the faster year-over-year revenue change (6.1% vs -5.5%). Over the past eight quarters, FEDERAL AGRICULTURAL MORTGAGE CORP's revenue compounded faster (7.1% CAGR vs -3.8%).
The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, federally chartered corporation established by the U.S. Congress in 1988 under the Agricultural Credit Act of 1987. It was created to establish a secondary market for agricultural real estate and housing mortgage loans, to increase liquidity and the availability of long-term, stable credit for farmers, ranchers, and rural communities.
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
AGM vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $107.5M | $210.4M |
| Net Profit | — | $22.9M |
| Gross Margin | — | 33.7% |
| Operating Margin | 56.3% | 22.9% |
| Net Margin | — | 10.9% |
| Revenue YoY | 6.1% | -5.5% |
| Net Profit YoY | — | -32.4% |
| EPS (diluted) | $3.69 | $0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $107.5M | — | ||
| Q3 25 | $104.0M | $210.4M | ||
| Q2 25 | $102.6M | $211.0M | ||
| Q1 25 | $94.3M | $212.1M | ||
| Q4 24 | $101.3M | $222.6M | ||
| Q3 24 | $90.3M | $211.0M | ||
| Q2 24 | $89.9M | $217.0M | ||
| Q1 24 | $93.7M | $216.3M |
| Q4 25 | — | — | ||
| Q3 25 | $55.0M | $22.9M | ||
| Q2 25 | $54.8M | $8.9M | ||
| Q1 25 | $49.7M | $42.9M | ||
| Q4 24 | $56.5M | $33.9M | ||
| Q3 24 | $49.8M | $34.4M | ||
| Q2 24 | $47.1M | $36.3M | ||
| Q1 24 | $53.7M | $26.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | — | 36.5% | ||
| Q1 24 | — | 36.6% |
| Q4 25 | 56.3% | — | ||
| Q3 25 | 64.1% | 22.9% | ||
| Q2 25 | 63.8% | 26.4% | ||
| Q1 25 | 66.9% | 24.6% | ||
| Q4 24 | 67.5% | 25.1% | ||
| Q3 24 | 69.0% | 24.7% | ||
| Q2 24 | 65.9% | 25.8% | ||
| Q1 24 | 72.8% | 26.6% |
| Q4 25 | — | — | ||
| Q3 25 | 52.9% | 10.9% | ||
| Q2 25 | 53.4% | 4.2% | ||
| Q1 25 | 52.6% | 20.2% | ||
| Q4 24 | 55.8% | 15.2% | ||
| Q3 24 | 55.2% | 16.3% | ||
| Q2 24 | 52.4% | 16.7% | ||
| Q1 24 | 57.4% | 12.1% |
| Q4 25 | $3.69 | — | ||
| Q3 25 | $4.44 | $0.39 | ||
| Q2 25 | $4.48 | $0.15 | ||
| Q1 25 | $4.01 | $0.68 | ||
| Q4 24 | $4.62 | $0.54 | ||
| Q3 24 | $3.86 | $0.55 | ||
| Q2 24 | $3.68 | $0.58 | ||
| Q1 24 | $4.28 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $575.8M |
| Total DebtLower is stronger | $30.8B | $16.0K |
| Stockholders' EquityBook value | $1.7B | $1.1B |
| Total Assets | $35.4B | $1.8B |
| Debt / EquityLower = less leverage | 17.93× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $575.8M | ||
| Q2 25 | — | $558.4M | ||
| Q1 25 | — | $642.2M | ||
| Q4 24 | — | $640.7M | ||
| Q3 24 | $842.1M | $606.4M | ||
| Q2 24 | $923.0M | $559.9M | ||
| Q1 24 | $745.1M | $521.5M |
| Q4 25 | $30.8B | — | ||
| Q3 25 | $29.2B | $16.0K | ||
| Q2 25 | $28.9B | $19.0K | ||
| Q1 25 | $28.0B | $21.0K | ||
| Q4 24 | $27.5B | $25.0K | ||
| Q3 24 | $27.2B | $28.0K | ||
| Q2 24 | $26.8B | $2.5M | ||
| Q1 24 | $26.8B | $2.7M |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.7B | $1.1B | ||
| Q2 25 | $1.5B | $1.1B | ||
| Q1 25 | $1.5B | $1.1B | ||
| Q4 24 | $1.5B | $1.1B | ||
| Q3 24 | $1.5B | $1.1B | ||
| Q2 24 | $1.5B | $1.0B | ||
| Q1 24 | $1.5B | $1.0B |
| Q4 25 | $35.4B | — | ||
| Q3 25 | $33.4B | $1.8B | ||
| Q2 25 | $33.0B | $1.7B | ||
| Q1 25 | $31.8B | $1.7B | ||
| Q4 24 | $31.3B | $1.7B | ||
| Q3 24 | $30.6B | $1.6B | ||
| Q2 24 | $30.2B | $1.6B | ||
| Q1 24 | $29.8B | $1.6B |
| Q4 25 | 17.93× | — | ||
| Q3 25 | 17.31× | 0.00× | ||
| Q2 25 | 18.70× | 0.00× | ||
| Q1 25 | 18.39× | 0.00× | ||
| Q4 24 | 18.48× | 0.00× | ||
| Q3 24 | 18.60× | 0.00× | ||
| Q2 24 | 17.87× | 0.00× | ||
| Q1 24 | 18.11× | 0.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $80.1M | $50.1M |
| Free Cash FlowOCF − Capex | — | $25.2M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | 0.0% | 11.8% |
| Cash ConversionOCF / Net Profit | — | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $80.1M | — | ||
| Q3 25 | $74.2M | $50.1M | ||
| Q2 25 | $-47.7M | $31.5M | ||
| Q1 25 | $-49.8M | $78.5M | ||
| Q4 24 | $612.6M | $68.4M | ||
| Q3 24 | $-44.4M | $75.1M | ||
| Q2 24 | $56.1M | $76.5M | ||
| Q1 24 | $233.3M | $41.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | $25.2M | ||
| Q2 25 | — | $-29.1M | ||
| Q1 25 | — | $43.3M | ||
| Q4 24 | $607.4M | $25.2M | ||
| Q3 24 | $-44.4M | $50.7M | ||
| Q2 24 | $52.6M | $56.5M | ||
| Q1 24 | $231.7M | $-1.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | -13.8% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | 599.8% | 11.3% | ||
| Q3 24 | -49.2% | 24.0% | ||
| Q2 24 | 58.5% | 26.0% | ||
| Q1 24 | 247.3% | -0.8% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | 11.8% | ||
| Q2 25 | 0.0% | 28.7% | ||
| Q1 25 | 0.0% | 16.6% | ||
| Q4 24 | 5.2% | 19.4% | ||
| Q3 24 | 0.1% | 11.6% | ||
| Q2 24 | 4.0% | 9.2% | ||
| Q1 24 | 1.7% | 20.0% |
| Q4 25 | — | — | ||
| Q3 25 | 1.35× | 2.19× | ||
| Q2 25 | -0.87× | 3.55× | ||
| Q1 25 | -1.00× | 1.83× | ||
| Q4 24 | 10.84× | 2.02× | ||
| Q3 24 | -0.89× | 2.18× | ||
| Q2 24 | 1.19× | 2.11× | ||
| Q1 24 | 4.34× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AGM
Segment breakdown not available.
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
