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Side-by-side financial comparison of Claritev Corp (CTEV) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
Claritev Corp is the larger business by last-quarter revenue ($246.6M vs $210.4M, roughly 1.2× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs -32.7%, a 43.6% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -5.5%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $25.2M). Over the past eight quarters, Claritev Corp's revenue compounded faster (2.5% CAGR vs -3.8%).
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.
CTEV vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $210.4M |
| Net Profit | $-80.6M | $22.9M |
| Gross Margin | — | 33.7% |
| Operating Margin | -3.1% | 22.9% |
| Net Margin | -32.7% | 10.9% |
| Revenue YoY | 6.2% | -5.5% |
| Net Profit YoY | 41.6% | -32.4% |
| EPS (diluted) | $-4.88 | $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 | $246.6M | — | ||
| Q3 25 | $246.0M | $210.4M | ||
| Q2 25 | $241.6M | $211.0M | ||
| Q1 25 | $231.3M | $212.1M | ||
| Q4 24 | $232.1M | $222.6M | ||
| Q3 24 | $230.5M | $211.0M | ||
| Q2 24 | $233.5M | $217.0M | ||
| Q1 24 | $234.5M | $216.3M |
| Q4 25 | $-80.6M | — | ||
| Q3 25 | $-69.8M | $22.9M | ||
| Q2 25 | $-62.6M | $8.9M | ||
| Q1 25 | $-71.3M | $42.9M | ||
| Q4 24 | $-138.0M | $33.9M | ||
| Q3 24 | $-391.4M | $34.4M | ||
| Q2 24 | $-576.7M | $36.3M | ||
| Q1 24 | $-539.7M | $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 | -3.1% | — | ||
| Q3 25 | 4.1% | 22.9% | ||
| Q2 25 | 6.9% | 26.4% | ||
| Q1 25 | 4.2% | 24.6% | ||
| Q4 24 | -17.8% | 25.1% | ||
| Q3 24 | -146.7% | 24.7% | ||
| Q2 24 | -224.4% | 25.8% | ||
| Q1 24 | -207.4% | 26.6% |
| Q4 25 | -32.7% | — | ||
| Q3 25 | -28.4% | 10.9% | ||
| Q2 25 | -25.9% | 4.2% | ||
| Q1 25 | -30.8% | 20.2% | ||
| Q4 24 | -59.4% | 15.2% | ||
| Q3 24 | -169.8% | 16.3% | ||
| Q2 24 | -247.0% | 16.7% | ||
| Q1 24 | -230.1% | 12.1% |
| Q4 25 | $-4.88 | — | ||
| Q3 25 | $-4.23 | $0.39 | ||
| Q2 25 | $-3.81 | $0.15 | ||
| Q1 25 | $-4.38 | $0.68 | ||
| Q4 24 | $-8.49 | $0.54 | ||
| Q3 24 | $-24.25 | $0.55 | ||
| Q2 24 | $-35.78 | $0.58 | ||
| Q1 24 | $-33.40 | $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 | $16.8M | $575.8M |
| Total DebtLower is stronger | $4.6B | $16.0K |
| Stockholders' EquityBook value | $-173.9M | $1.1B |
| Total Assets | $4.9B | $1.8B |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | — | ||
| Q3 25 | $39.2M | $575.8M | ||
| Q2 25 | $56.4M | $558.4M | ||
| Q1 25 | $23.1M | $642.2M | ||
| Q4 24 | $16.8M | $640.7M | ||
| Q3 24 | $86.6M | $606.4M | ||
| Q2 24 | $48.8M | $559.9M | ||
| Q1 24 | $58.7M | $521.5M |
| Q4 25 | $4.6B | — | ||
| Q3 25 | $4.5B | $16.0K | ||
| Q2 25 | $4.5B | $19.0K | ||
| Q1 25 | $4.5B | $21.0K | ||
| Q4 24 | $4.5B | $25.0K | ||
| Q3 24 | $4.5B | $28.0K | ||
| Q2 24 | $4.5B | $2.5M | ||
| Q1 24 | $4.5B | $2.7M |
| Q4 25 | $-173.9M | — | ||
| Q3 25 | $-101.8M | $1.1B | ||
| Q2 25 | $-39.9M | $1.1B | ||
| Q1 25 | $14.8M | $1.1B | ||
| Q4 24 | $84.0M | $1.1B | ||
| Q3 24 | $207.6M | $1.1B | ||
| Q2 24 | $603.4M | $1.0B | ||
| Q1 24 | $1.2B | $1.0B |
| Q4 25 | $4.9B | — | ||
| Q3 25 | $5.0B | $1.8B | ||
| Q2 25 | $5.1B | $1.7B | ||
| Q1 25 | $5.1B | $1.7B | ||
| Q4 24 | $5.2B | $1.7B | ||
| Q3 24 | $5.3B | $1.6B | ||
| Q2 24 | $5.7B | $1.6B | ||
| Q1 24 | $6.4B | $1.6B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | 304.87× | 0.00× | ||
| Q4 24 | 53.67× | 0.00× | ||
| Q3 24 | 21.73× | 0.00× | ||
| Q2 24 | 7.48× | 0.00× | ||
| Q1 24 | 3.85× | 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 | $66.3M | $50.1M |
| Free Cash FlowOCF − Capex | $36.4M | $25.2M |
| FCF MarginFCF / Revenue | 14.8% | 12.0% |
| Capex IntensityCapex / Revenue | 12.1% | 11.8% |
| Cash ConversionOCF / Net Profit | — | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | — | ||
| Q3 25 | $19.9M | $50.1M | ||
| Q2 25 | $61.2M | $31.5M | ||
| Q1 25 | $-30.1M | $78.5M | ||
| Q4 24 | $-33.4M | $68.4M | ||
| Q3 24 | $72.8M | $75.1M | ||
| Q2 24 | $18.5M | $76.5M | ||
| Q1 24 | $49.7M | $41.5M |
| Q4 25 | $36.4M | — | ||
| Q3 25 | $-16.3M | $25.2M | ||
| Q2 25 | $36.6M | $-29.1M | ||
| Q1 25 | $-68.9M | $43.3M | ||
| Q4 24 | $-63.8M | $25.2M | ||
| Q3 24 | $41.1M | $50.7M | ||
| Q2 24 | $-7.0M | $56.5M | ||
| Q1 24 | $19.2M | $-1.8M |
| Q4 25 | 14.8% | — | ||
| Q3 25 | -6.6% | 12.0% | ||
| Q2 25 | 15.2% | -13.8% | ||
| Q1 25 | -29.8% | 20.4% | ||
| Q4 24 | -27.5% | 11.3% | ||
| Q3 24 | 17.8% | 24.0% | ||
| Q2 24 | -3.0% | 26.0% | ||
| Q1 24 | 8.2% | -0.8% |
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.7% | 11.8% | ||
| Q2 25 | 10.2% | 28.7% | ||
| Q1 25 | 16.8% | 16.6% | ||
| Q4 24 | 13.1% | 19.4% | ||
| Q3 24 | 13.8% | 11.6% | ||
| Q2 24 | 10.9% | 9.2% | ||
| Q1 24 | 13.0% | 20.0% |
| Q4 25 | — | — | ||
| 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× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTEV
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% |
