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Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.

DIVERSIFIED HEALTHCARE TRUST is the larger business by last-quarter revenue ($379.6M vs $210.4M, roughly 1.8× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs -5.6%, a 16.5% gap on every dollar of revenue. On growth, DIVERSIFIED HEALTHCARE TRUST posted the faster year-over-year revenue change (-0.0% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-166.4M). Over the past eight quarters, DIVERSIFIED HEALTHCARE TRUST's revenue compounded faster (1.2% CAGR vs -3.8%).

GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...

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.

DHC vs PLAB — Head-to-Head

Bigger by revenue
DHC
DHC
1.8× larger
DHC
$379.6M
$210.4M
PLAB
Growing faster (revenue YoY)
DHC
DHC
+5.5% gap
DHC
-0.0%
-5.5%
PLAB
Higher net margin
PLAB
PLAB
16.5% more per $
PLAB
10.9%
-5.6%
DHC
More free cash flow
PLAB
PLAB
$191.7M more FCF
PLAB
$25.2M
$-166.4M
DHC
Faster 2-yr revenue CAGR
DHC
DHC
Annualised
DHC
1.2%
-3.8%
PLAB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
DHC
DHC
PLAB
PLAB
Revenue
$379.6M
$210.4M
Net Profit
$-21.2M
$22.9M
Gross Margin
33.7%
Operating Margin
-12.6%
22.9%
Net Margin
-5.6%
10.9%
Revenue YoY
-0.0%
-5.5%
Net Profit YoY
75.7%
-32.4%
EPS (diluted)
$-0.09
$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.

Revenue
DHC
DHC
PLAB
PLAB
Q4 25
$379.6M
Q3 25
$388.7M
$210.4M
Q2 25
$382.7M
$211.0M
Q1 25
$386.9M
$212.1M
Q4 24
$379.6M
$222.6M
Q3 24
$373.6M
$211.0M
Q2 24
$371.4M
$217.0M
Q1 24
$370.8M
$216.3M
Net Profit
DHC
DHC
PLAB
PLAB
Q4 25
$-21.2M
Q3 25
$-164.0M
$22.9M
Q2 25
$-91.6M
$8.9M
Q1 25
$-9.0M
$42.9M
Q4 24
$-87.4M
$33.9M
Q3 24
$-98.7M
$34.4M
Q2 24
$-97.9M
$36.3M
Q1 24
$-86.3M
$26.2M
Gross Margin
DHC
DHC
PLAB
PLAB
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%
Operating Margin
DHC
DHC
PLAB
PLAB
Q4 25
-12.6%
Q3 25
-43.4%
22.9%
Q2 25
-24.5%
26.4%
Q1 25
-2.7%
24.6%
Q4 24
-26.1%
25.1%
Q3 24
-26.5%
24.7%
Q2 24
-23.0%
25.8%
Q1 24
-23.7%
26.6%
Net Margin
DHC
DHC
PLAB
PLAB
Q4 25
-5.6%
Q3 25
-42.2%
10.9%
Q2 25
-23.9%
4.2%
Q1 25
-2.3%
20.2%
Q4 24
-23.0%
15.2%
Q3 24
-26.4%
16.3%
Q2 24
-26.3%
16.7%
Q1 24
-23.3%
12.1%
EPS (diluted)
DHC
DHC
PLAB
PLAB
Q4 25
$-0.09
Q3 25
$-0.68
$0.39
Q2 25
$-0.38
$0.15
Q1 25
$-0.04
$0.68
Q4 24
$-0.37
$0.54
Q3 24
$-0.41
$0.55
Q2 24
$-0.41
$0.58
Q1 24
$-0.36
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DHC
DHC
PLAB
PLAB
Cash + ST InvestmentsLiquidity on hand
$105.4M
$575.8M
Total DebtLower is stronger
$2.4B
$16.0K
Stockholders' EquityBook value
$1.7B
$1.1B
Total Assets
$4.4B
$1.8B
Debt / EquityLower = less leverage
1.47×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHC
DHC
PLAB
PLAB
Q4 25
$105.4M
Q3 25
$201.4M
$575.8M
Q2 25
$141.8M
$558.4M
Q1 25
$302.6M
$642.2M
Q4 24
$144.6M
$640.7M
Q3 24
$256.5M
$606.4M
Q2 24
$265.6M
$559.9M
Q1 24
$207.1M
$521.5M
Total Debt
DHC
DHC
PLAB
PLAB
Q4 25
$2.4B
Q3 25
$16.0K
Q2 25
$19.0K
Q1 25
$21.0K
Q4 24
$3.1B
$25.0K
Q3 24
$28.0K
Q2 24
$2.5M
Q1 24
$2.7M
Stockholders' Equity
DHC
DHC
PLAB
PLAB
Q4 25
$1.7B
Q3 25
$1.7B
$1.1B
Q2 25
$1.9B
$1.1B
Q1 25
$1.9B
$1.1B
Q4 24
$2.0B
$1.1B
Q3 24
$2.0B
$1.1B
Q2 24
$2.1B
$1.0B
Q1 24
$2.2B
$1.0B
Total Assets
DHC
DHC
PLAB
PLAB
Q4 25
$4.4B
Q3 25
$4.7B
$1.8B
Q2 25
$4.8B
$1.7B
Q1 25
$5.0B
$1.7B
Q4 24
$5.1B
$1.7B
Q3 24
$5.3B
$1.6B
Q2 24
$5.3B
$1.6B
Q1 24
$5.3B
$1.6B
Debt / Equity
DHC
DHC
PLAB
PLAB
Q4 25
1.47×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
1.56×
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
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
DHC
DHC
PLAB
PLAB
Operating Cash FlowLast quarter
$-19.6M
$50.1M
Free Cash FlowOCF − Capex
$-166.4M
$25.2M
FCF MarginFCF / Revenue
-43.8%
12.0%
Capex IntensityCapex / Revenue
38.7%
11.8%
Cash ConversionOCF / Net Profit
2.19×
TTM Free Cash FlowTrailing 4 quarters
$-280.3M
$64.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHC
DHC
PLAB
PLAB
Q4 25
$-19.6M
Q3 25
$-49.3M
$50.1M
Q2 25
$53.0M
$31.5M
Q1 25
$-3.2M
$78.5M
Q4 24
$112.2M
$68.4M
Q3 24
$21.1M
$75.1M
Q2 24
$44.3M
$76.5M
Q1 24
$28.6M
$41.5M
Free Cash Flow
DHC
DHC
PLAB
PLAB
Q4 25
$-166.4M
Q3 25
$-89.8M
$25.2M
Q2 25
$18.8M
$-29.1M
Q1 25
$-42.9M
$43.3M
Q4 24
$-89.5M
$25.2M
Q3 24
$-26.1M
$50.7M
Q2 24
$3.3M
$56.5M
Q1 24
$-18.1M
$-1.8M
FCF Margin
DHC
DHC
PLAB
PLAB
Q4 25
-43.8%
Q3 25
-23.1%
12.0%
Q2 25
4.9%
-13.8%
Q1 25
-11.1%
20.4%
Q4 24
-23.6%
11.3%
Q3 24
-7.0%
24.0%
Q2 24
0.9%
26.0%
Q1 24
-4.9%
-0.8%
Capex Intensity
DHC
DHC
PLAB
PLAB
Q4 25
38.7%
Q3 25
10.4%
11.8%
Q2 25
8.9%
28.7%
Q1 25
10.2%
16.6%
Q4 24
53.1%
19.4%
Q3 24
12.6%
11.6%
Q2 24
11.0%
9.2%
Q1 24
12.6%
20.0%
Cash Conversion
DHC
DHC
PLAB
PLAB
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

DHC
DHC

Senior Housing Operating Portfolio Segment$323.4M85%
Rental Income$56.2M15%

PLAB
PLAB

High End Integrated Circuits$53.6M25%
High End Flat Panel Displays$53.5M25%
KR$43.7M21%
Other$42.1M20%
Mainstream Flat Panel Displays$9.1M4%
Transferred At Point In Time$8.4M4%

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