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Side-by-side financial comparison of GreenTree Hospitality Group Ltd. (GHG) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.

GreenTree Hospitality Group Ltd. is the larger business by last-quarter revenue ($286.9M vs $210.4M, roughly 1.4× PHOTRONICS INC). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $16.2M).

GreenTree Hospitality Group Ltd. is a pure play franchised hotel operator, headquartered in Shanghai, China, with the majority of its hotels both franchised-and-managed. In 2017, GreenTree was the fourth largest economy to mid-scale hotel group in China based on the number of hotel rooms according to China Hospitality Association.

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.

GHG vs PLAB — Head-to-Head

Bigger by revenue
GHG
GHG
1.4× larger
GHG
$286.9M
$210.4M
PLAB
More free cash flow
PLAB
PLAB
$9.0M more FCF
PLAB
$25.2M
$16.2M
GHG

Income Statement — Q3 FY2024 vs Q3 FY2025

Metric
GHG
GHG
PLAB
PLAB
Revenue
$286.9M
$210.4M
Net Profit
$22.9M
Gross Margin
33.7%
Operating Margin
22.9%
Net Margin
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.

Revenue
GHG
GHG
PLAB
PLAB
Q3 25
$210.4M
Q2 25
$211.0M
Q1 25
$212.1M
Q4 24
$222.6M
Q3 24
$286.9M
$211.0M
Q2 24
$217.0M
Q1 24
$216.3M
Q4 23
$227.5M
Net Profit
GHG
GHG
PLAB
PLAB
Q3 25
$22.9M
Q2 25
$8.9M
Q1 25
$42.9M
Q4 24
$33.9M
Q3 24
$34.4M
Q2 24
$36.3M
Q1 24
$26.2M
Q4 23
$44.6M
Gross Margin
GHG
GHG
PLAB
PLAB
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 23
37.3%
Operating Margin
GHG
GHG
PLAB
PLAB
Q3 25
22.9%
Q2 25
26.4%
Q1 25
24.6%
Q4 24
25.1%
Q3 24
24.7%
Q2 24
25.8%
Q1 24
26.6%
Q4 23
28.5%
Net Margin
GHG
GHG
PLAB
PLAB
Q3 25
10.9%
Q2 25
4.2%
Q1 25
20.2%
Q4 24
15.2%
Q3 24
16.3%
Q2 24
16.7%
Q1 24
12.1%
Q4 23
19.6%
EPS (diluted)
GHG
GHG
PLAB
PLAB
Q3 25
$0.39
Q2 25
$0.15
Q1 25
$0.68
Q4 24
$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
GHG
GHG
PLAB
PLAB
Cash + ST InvestmentsLiquidity on hand
$575.8M
Total DebtLower is stronger
$16.0K
Stockholders' EquityBook value
$1.1B
Total Assets
$1.8B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GHG
GHG
PLAB
PLAB
Q3 25
$575.8M
Q2 25
$558.4M
Q1 25
$642.2M
Q4 24
$640.7M
Q3 24
$606.4M
Q2 24
$559.9M
Q1 24
$521.5M
Q4 23
$512.2M
Total Debt
GHG
GHG
PLAB
PLAB
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
Stockholders' Equity
GHG
GHG
PLAB
PLAB
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.0B
Q4 23
$975.0M
Total Assets
GHG
GHG
PLAB
PLAB
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Q4 23
$1.5B
Debt / Equity
GHG
GHG
PLAB
PLAB
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
GHG
GHG
PLAB
PLAB
Operating Cash FlowLast quarter
$20.3M
$50.1M
Free Cash FlowOCF − Capex
$16.2M
$25.2M
FCF MarginFCF / Revenue
5.6%
12.0%
Capex IntensityCapex / Revenue
1.4%
11.8%
Cash ConversionOCF / Net Profit
2.19×
TTM Free Cash FlowTrailing 4 quarters
$64.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GHG
GHG
PLAB
PLAB
Q3 25
$50.1M
Q2 25
$31.5M
Q1 25
$78.5M
Q4 24
$68.4M
Q3 24
$20.3M
$75.1M
Q2 24
$76.5M
Q1 24
$41.5M
Q4 23
$106.6M
Free Cash Flow
GHG
GHG
PLAB
PLAB
Q3 25
$25.2M
Q2 25
$-29.1M
Q1 25
$43.3M
Q4 24
$25.2M
Q3 24
$16.2M
$50.7M
Q2 24
$56.5M
Q1 24
$-1.8M
Q4 23
$54.1M
FCF Margin
GHG
GHG
PLAB
PLAB
Q3 25
12.0%
Q2 25
-13.8%
Q1 25
20.4%
Q4 24
11.3%
Q3 24
5.6%
24.0%
Q2 24
26.0%
Q1 24
-0.8%
Q4 23
23.8%
Capex Intensity
GHG
GHG
PLAB
PLAB
Q3 25
11.8%
Q2 25
28.7%
Q1 25
16.6%
Q4 24
19.4%
Q3 24
1.4%
11.6%
Q2 24
9.2%
Q1 24
20.0%
Q4 23
23.1%
Cash Conversion
GHG
GHG
PLAB
PLAB
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

GHG
GHG

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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