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Side-by-side financial comparison of CBL International Ltd (BANL) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
CBL International Ltd is the larger business by last-quarter revenue ($277.2M vs $210.4M, roughly 1.3× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs -0.6%, a 11.5% gap on every dollar of revenue.
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.
BANL vs PLAB — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $277.2M | $210.4M |
| Net Profit | $-1.6M | $22.9M |
| Gross Margin | 1.0% | 33.7% |
| Operating Margin | -0.5% | 22.9% |
| Net Margin | -0.6% | 10.9% |
| Revenue YoY | — | -5.5% |
| Net Profit YoY | — | -32.4% |
| EPS (diluted) | — | $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.
| Q3 25 | — | $210.4M | ||
| Q2 25 | $277.2M | $211.0M | ||
| Q1 25 | — | $212.1M | ||
| Q4 24 | $592.5M | $222.6M | ||
| Q3 24 | — | $211.0M | ||
| Q2 24 | $192.0M | $217.0M | ||
| Q1 24 | — | $216.3M | ||
| Q4 23 | — | $227.5M |
| Q3 25 | — | $22.9M | ||
| Q2 25 | $-1.6M | $8.9M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | $-3.9M | $33.9M | ||
| Q3 24 | — | $34.4M | ||
| Q2 24 | — | $36.3M | ||
| Q1 24 | — | $26.2M | ||
| Q4 23 | — | $44.6M |
| Q3 25 | — | 33.7% | ||
| Q2 25 | 1.0% | 36.9% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | 0.9% | 37.0% | ||
| Q3 24 | — | 35.6% | ||
| Q2 24 | 2.1% | 36.5% | ||
| Q1 24 | — | 36.6% | ||
| Q4 23 | — | 37.3% |
| Q3 25 | — | 22.9% | ||
| Q2 25 | -0.5% | 26.4% | ||
| Q1 25 | — | 24.6% | ||
| Q4 24 | -0.6% | 25.1% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 25.8% | ||
| Q1 24 | — | 26.6% | ||
| Q4 23 | — | 28.5% |
| Q3 25 | — | 10.9% | ||
| Q2 25 | -0.6% | 4.2% | ||
| Q1 25 | — | 20.2% | ||
| Q4 24 | -0.7% | 15.2% | ||
| Q3 24 | — | 16.3% | ||
| Q2 24 | — | 16.7% | ||
| Q1 24 | — | 12.1% | ||
| Q4 23 | — | 19.6% |
| Q3 25 | — | $0.39 | ||
| Q2 25 | — | $0.15 | ||
| Q1 25 | — | $0.68 | ||
| Q4 24 | $-0.14 | $0.54 | ||
| Q3 24 | — | $0.55 | ||
| Q2 24 | — | $0.58 | ||
| Q1 24 | — | $0.42 | ||
| Q4 23 | — | $0.71 |
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 | — | $16.0K |
| Stockholders' EquityBook value | $22.9M | $1.1B |
| Total Assets | $69.3M | $1.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $575.8M | ||
| Q2 25 | — | $558.4M | ||
| Q1 25 | — | $642.2M | ||
| Q4 24 | $8.0M | $640.7M | ||
| Q3 24 | — | $606.4M | ||
| Q2 24 | — | $559.9M | ||
| Q1 24 | — | $521.5M | ||
| Q4 23 | — | $512.2M |
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | — | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M | ||
| Q4 23 | — | $18.0M |
| Q3 25 | — | $1.1B | ||
| Q2 25 | $22.9M | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $22.9M | $1.1B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | $25.3M | $1.0B | ||
| Q1 24 | — | $1.0B | ||
| Q4 23 | — | $975.0M |
| Q3 25 | — | $1.8B | ||
| Q2 25 | $69.3M | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | $69.3M | $1.7B | ||
| Q3 24 | — | $1.6B | ||
| Q2 24 | $53.5M | $1.6B | ||
| Q1 24 | — | $1.6B | ||
| Q4 23 | — | $1.5B |
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× | ||
| Q4 23 | — | 0.02× |
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 | — | $50.1M |
| Free Cash FlowOCF − Capex | — | $25.2M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | — | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $50.1M | ||
| Q2 25 | — | $31.5M | ||
| Q1 25 | — | $78.5M | ||
| Q4 24 | $-1.9M | $68.4M | ||
| Q3 24 | — | $75.1M | ||
| Q2 24 | — | $76.5M | ||
| Q1 24 | — | $41.5M | ||
| Q4 23 | — | $106.6M |
| Q3 25 | — | $25.2M | ||
| Q2 25 | — | $-29.1M | ||
| Q1 25 | — | $43.3M | ||
| Q4 24 | $-2.1M | $25.2M | ||
| Q3 24 | — | $50.7M | ||
| Q2 24 | — | $56.5M | ||
| Q1 24 | — | $-1.8M | ||
| Q4 23 | — | $54.1M |
| Q3 25 | — | 12.0% | ||
| Q2 25 | — | -13.8% | ||
| Q1 25 | — | 20.4% | ||
| Q4 24 | -0.4% | 11.3% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 26.0% | ||
| Q1 24 | — | -0.8% | ||
| Q4 23 | — | 23.8% |
| Q3 25 | — | 11.8% | ||
| Q2 25 | — | 28.7% | ||
| Q1 25 | — | 16.6% | ||
| Q4 24 | 0.0% | 19.4% | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 9.2% | ||
| Q1 24 | — | 20.0% | ||
| Q4 23 | — | 23.1% |
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | — | 1.59× | ||
| Q4 23 | — | 2.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BANL
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% |
