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Side-by-side financial comparison of Flex LNG Ltd. (FLNG) 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 $173.2M, roughly 1.2× Flex LNG Ltd.). Flex LNG Ltd. runs the higher net margin — 22.2% vs 10.9%, a 11.3% gap on every dollar of revenue. On growth, Flex LNG Ltd. posted the faster year-over-year revenue change (-4.5% vs -5.5%).

Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon ...

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.

FLNG vs PLAB — Head-to-Head

Bigger by revenue
PLAB
PLAB
1.2× larger
PLAB
$210.4M
$173.2M
FLNG
Growing faster (revenue YoY)
FLNG
FLNG
+1.0% gap
FLNG
-4.5%
-5.5%
PLAB
Higher net margin
FLNG
FLNG
11.3% more per $
FLNG
22.2%
10.9%
PLAB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FLNG
FLNG
PLAB
PLAB
Revenue
$173.2M
$210.4M
Net Profit
$38.4M
$22.9M
Gross Margin
33.7%
Operating Margin
48.9%
22.9%
Net Margin
22.2%
10.9%
Revenue YoY
-4.5%
-5.5%
Net Profit YoY
-38.7%
-32.4%
EPS (diluted)
$0.71
$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
FLNG
FLNG
PLAB
PLAB
Q4 25
$173.2M
Q3 25
$210.4M
Q2 25
$211.0M
Q1 25
$212.1M
Q4 24
$181.4M
$222.6M
Q3 24
$211.0M
Q2 24
$217.0M
Q1 24
$216.3M
Net Profit
FLNG
FLNG
PLAB
PLAB
Q4 25
$38.4M
Q3 25
$22.9M
Q2 25
$8.9M
Q1 25
$42.9M
Q4 24
$62.6M
$33.9M
Q3 24
$34.4M
Q2 24
$36.3M
Q1 24
$26.2M
Gross Margin
FLNG
FLNG
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
FLNG
FLNG
PLAB
PLAB
Q4 25
48.9%
Q3 25
22.9%
Q2 25
26.4%
Q1 25
24.6%
Q4 24
55.9%
25.1%
Q3 24
24.7%
Q2 24
25.8%
Q1 24
26.6%
Net Margin
FLNG
FLNG
PLAB
PLAB
Q4 25
22.2%
Q3 25
10.9%
Q2 25
4.2%
Q1 25
20.2%
Q4 24
34.5%
15.2%
Q3 24
16.3%
Q2 24
16.7%
Q1 24
12.1%
EPS (diluted)
FLNG
FLNG
PLAB
PLAB
Q4 25
$0.71
Q3 25
$0.39
Q2 25
$0.15
Q1 25
$0.68
Q4 24
$1.16
$0.54
Q3 24
$0.55
Q2 24
$0.58
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
FLNG
FLNG
PLAB
PLAB
Cash + ST InvestmentsLiquidity on hand
$447.6M
$575.8M
Total DebtLower is stronger
$1.9B
$16.0K
Stockholders' EquityBook value
$719.3M
$1.1B
Total Assets
$2.6B
$1.8B
Debt / EquityLower = less leverage
2.59×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNG
FLNG
PLAB
PLAB
Q4 25
$447.6M
Q3 25
$575.8M
Q2 25
$558.4M
Q1 25
$642.2M
Q4 24
$437.2M
$640.7M
Q3 24
$606.4M
Q2 24
$559.9M
Q1 24
$521.5M
Total Debt
FLNG
FLNG
PLAB
PLAB
Q4 25
$1.9B
Q3 25
$16.0K
Q2 25
$19.0K
Q1 25
$21.0K
Q4 24
$1.8B
$25.0K
Q3 24
$28.0K
Q2 24
$2.5M
Q1 24
$2.7M
Stockholders' Equity
FLNG
FLNG
PLAB
PLAB
Q4 25
$719.3M
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$806.6M
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.0B
Total Assets
FLNG
FLNG
PLAB
PLAB
Q4 25
$2.6B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$2.7B
$1.7B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Debt / Equity
FLNG
FLNG
PLAB
PLAB
Q4 25
2.59×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
2.26×
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
FLNG
FLNG
PLAB
PLAB
Operating Cash FlowLast quarter
$73.7M
$50.1M
Free Cash FlowOCF − Capex
$25.2M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
11.8%
Cash ConversionOCF / Net Profit
1.92×
2.19×
TTM Free Cash FlowTrailing 4 quarters
$64.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNG
FLNG
PLAB
PLAB
Q4 25
$73.7M
Q3 25
$50.1M
Q2 25
$31.5M
Q1 25
$78.5M
Q4 24
$100.4M
$68.4M
Q3 24
$75.1M
Q2 24
$76.5M
Q1 24
$41.5M
Free Cash Flow
FLNG
FLNG
PLAB
PLAB
Q4 25
Q3 25
$25.2M
Q2 25
$-29.1M
Q1 25
$43.3M
Q4 24
$25.2M
Q3 24
$50.7M
Q2 24
$56.5M
Q1 24
$-1.8M
FCF Margin
FLNG
FLNG
PLAB
PLAB
Q4 25
Q3 25
12.0%
Q2 25
-13.8%
Q1 25
20.4%
Q4 24
11.3%
Q3 24
24.0%
Q2 24
26.0%
Q1 24
-0.8%
Capex Intensity
FLNG
FLNG
PLAB
PLAB
Q4 25
Q3 25
11.8%
Q2 25
28.7%
Q1 25
16.6%
Q4 24
19.4%
Q3 24
11.6%
Q2 24
9.2%
Q1 24
20.0%
Cash Conversion
FLNG
FLNG
PLAB
PLAB
Q4 25
1.92×
Q3 25
2.19×
Q2 25
3.55×
Q1 25
1.83×
Q4 24
1.60×
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

FLNG
FLNG

Segment breakdown not available.

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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