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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.

Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $210.4M, roughly 1.4× PHOTRONICS INC). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 10.9%, a 2.1% gap on every dollar of revenue. Over the past eight quarters, Hilltop Holdings Inc.'s revenue compounded faster (0.6% CAGR vs -3.8%).

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

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.

HTH vs PLAB — Head-to-Head

Bigger by revenue
HTH
HTH
1.4× larger
HTH
$300.5M
$210.4M
PLAB
Higher net margin
HTH
HTH
2.1% more per $
HTH
13.0%
10.9%
PLAB
Faster 2-yr revenue CAGR
HTH
HTH
Annualised
HTH
0.6%
-3.8%
PLAB

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
HTH
HTH
PLAB
PLAB
Revenue
$300.5M
$210.4M
Net Profit
$39.0M
$22.9M
Gross Margin
33.7%
Operating Margin
22.9%
Net Margin
13.0%
10.9%
Revenue YoY
-5.5%
Net Profit YoY
-12.4%
-32.4%
EPS (diluted)
$0.64
$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
HTH
HTH
PLAB
PLAB
Q1 26
$300.5M
Q4 25
$329.9M
Q3 25
$330.2M
$210.4M
Q2 25
$303.3M
$211.0M
Q1 25
$318.5M
$212.1M
Q4 24
$301.1M
$222.6M
Q3 24
$305.5M
$211.0M
Q2 24
$297.0M
$217.0M
Net Profit
HTH
HTH
PLAB
PLAB
Q1 26
$39.0M
Q4 25
$41.6M
Q3 25
$45.8M
$22.9M
Q2 25
$36.1M
$8.9M
Q1 25
$42.1M
$42.9M
Q4 24
$35.5M
$33.9M
Q3 24
$29.7M
$34.4M
Q2 24
$20.3M
$36.3M
Gross Margin
HTH
HTH
PLAB
PLAB
Q1 26
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%
Operating Margin
HTH
HTH
PLAB
PLAB
Q1 26
Q4 25
16.1%
Q3 25
18.4%
22.9%
Q2 25
16.3%
26.4%
Q1 25
18.1%
24.6%
Q4 24
14.7%
25.1%
Q3 24
13.9%
24.7%
Q2 24
10.0%
25.8%
Net Margin
HTH
HTH
PLAB
PLAB
Q1 26
13.0%
Q4 25
12.6%
Q3 25
13.9%
10.9%
Q2 25
11.9%
4.2%
Q1 25
13.2%
20.2%
Q4 24
11.8%
15.2%
Q3 24
9.7%
16.3%
Q2 24
6.8%
16.7%
EPS (diluted)
HTH
HTH
PLAB
PLAB
Q1 26
$0.64
Q4 25
$0.68
Q3 25
$0.74
$0.39
Q2 25
$0.57
$0.15
Q1 25
$0.65
$0.68
Q4 24
$0.55
$0.54
Q3 24
$0.46
$0.55
Q2 24
$0.31
$0.58

Balance Sheet & Financial Strength

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

Metric
HTH
HTH
PLAB
PLAB
Cash + ST InvestmentsLiquidity on hand
$575.8M
Total DebtLower is stronger
$990.8M
$16.0K
Stockholders' EquityBook value
$2.2B
$1.1B
Total Assets
$15.7B
$1.8B
Debt / EquityLower = less leverage
0.46×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTH
HTH
PLAB
PLAB
Q1 26
Q4 25
Q3 25
$575.8M
Q2 25
$558.4M
Q1 25
$642.2M
Q4 24
$640.7M
Q3 24
$606.4M
Q2 24
$559.9M
Total Debt
HTH
HTH
PLAB
PLAB
Q1 26
$990.8M
Q4 25
Q3 25
$16.0K
Q2 25
$19.0K
Q1 25
$21.0K
Q4 24
$25.0K
Q3 24
$28.0K
Q2 24
$2.5M
Stockholders' Equity
HTH
HTH
PLAB
PLAB
Q1 26
$2.2B
Q4 25
$2.2B
Q3 25
$2.2B
$1.1B
Q2 25
$2.2B
$1.1B
Q1 25
$2.2B
$1.1B
Q4 24
$2.2B
$1.1B
Q3 24
$2.2B
$1.1B
Q2 24
$2.1B
$1.0B
Total Assets
HTH
HTH
PLAB
PLAB
Q1 26
$15.7B
Q4 25
$15.8B
Q3 25
$15.6B
$1.8B
Q2 25
$15.4B
$1.7B
Q1 25
$15.8B
$1.7B
Q4 24
$16.3B
$1.7B
Q3 24
$15.9B
$1.6B
Q2 24
$15.6B
$1.6B
Debt / Equity
HTH
HTH
PLAB
PLAB
Q1 26
0.46×
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 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
HTH
HTH
PLAB
PLAB
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.

Operating Cash Flow
HTH
HTH
PLAB
PLAB
Q1 26
Q4 25
$-38.7M
Q3 25
$273.0M
$50.1M
Q2 25
$-234.6M
$31.5M
Q1 25
$5.8M
$78.5M
Q4 24
$273.9M
$68.4M
Q3 24
$515.6M
$75.1M
Q2 24
$-435.3M
$76.5M
Free Cash Flow
HTH
HTH
PLAB
PLAB
Q1 26
Q4 25
$-55.5M
Q3 25
$271.0M
$25.2M
Q2 25
$-234.6M
$-29.1M
Q1 25
$5.0M
$43.3M
Q4 24
$266.8M
$25.2M
Q3 24
$513.8M
$50.7M
Q2 24
$-437.3M
$56.5M
FCF Margin
HTH
HTH
PLAB
PLAB
Q1 26
Q4 25
-16.8%
Q3 25
82.1%
12.0%
Q2 25
-77.4%
-13.8%
Q1 25
1.6%
20.4%
Q4 24
88.6%
11.3%
Q3 24
168.2%
24.0%
Q2 24
-147.2%
26.0%
Capex Intensity
HTH
HTH
PLAB
PLAB
Q1 26
Q4 25
5.1%
Q3 25
0.6%
11.8%
Q2 25
0.0%
28.7%
Q1 25
0.3%
16.6%
Q4 24
2.4%
19.4%
Q3 24
0.6%
11.6%
Q2 24
0.7%
9.2%
Cash Conversion
HTH
HTH
PLAB
PLAB
Q1 26
Q4 25
-0.93×
Q3 25
5.96×
2.19×
Q2 25
-6.50×
3.55×
Q1 25
0.14×
1.83×
Q4 24
7.71×
2.02×
Q3 24
17.36×
2.18×
Q2 24
-21.41×
2.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

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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