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Side-by-side financial comparison of Loar Holdings Inc. (LOAR) 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 $131.8M, roughly 1.6× Loar Holdings Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs 9.5%, a 1.4% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs -5.5%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% 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.
LOAR vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.8M | $210.4M |
| Net Profit | $12.5M | $22.9M |
| Gross Margin | 52.1% | 33.7% |
| Operating Margin | 18.0% | 22.9% |
| Net Margin | 9.5% | 10.9% |
| Revenue YoY | 19.3% | -5.5% |
| Net Profit YoY | 239.5% | -32.4% |
| EPS (diluted) | $0.13 | $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 | $131.8M | — | ||
| Q3 25 | $126.8M | $210.4M | ||
| Q2 25 | $123.1M | $211.0M | ||
| Q1 25 | $114.7M | $212.1M | ||
| Q4 24 | $110.4M | $222.6M | ||
| Q3 24 | $103.5M | $211.0M | ||
| Q2 24 | $97.0M | $217.0M | ||
| Q1 24 | $91.8M | $216.3M |
| Q4 25 | $12.5M | — | ||
| Q3 25 | $27.6M | $22.9M | ||
| Q2 25 | $16.7M | $8.9M | ||
| Q1 25 | $15.3M | $42.9M | ||
| Q4 24 | $3.7M | $33.9M | ||
| Q3 24 | $8.7M | $34.4M | ||
| Q2 24 | $7.6M | $36.3M | ||
| Q1 24 | $2.2M | $26.2M |
| Q4 25 | 52.1% | — | ||
| Q3 25 | 52.7% | 33.7% | ||
| Q2 25 | 53.8% | 36.9% | ||
| Q1 25 | 52.1% | 35.6% | ||
| Q4 24 | 48.9% | 37.0% | ||
| Q3 24 | 51.1% | 35.6% | ||
| Q2 24 | 49.0% | 36.5% | ||
| Q1 24 | 48.4% | 36.6% |
| Q4 25 | 18.0% | — | ||
| Q3 25 | 22.9% | 22.9% | ||
| Q2 25 | 22.2% | 26.4% | ||
| Q1 25 | 22.8% | 24.6% | ||
| Q4 24 | 19.2% | 25.1% | ||
| Q3 24 | 22.1% | 24.7% | ||
| Q2 24 | 22.9% | 25.8% | ||
| Q1 24 | 23.3% | 26.6% |
| Q4 25 | 9.5% | — | ||
| Q3 25 | 21.8% | 10.9% | ||
| Q2 25 | 13.6% | 4.2% | ||
| Q1 25 | 13.4% | 20.2% | ||
| Q4 24 | 3.3% | 15.2% | ||
| Q3 24 | 8.4% | 16.3% | ||
| Q2 24 | 7.9% | 16.7% | ||
| Q1 24 | 2.4% | 12.1% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.29 | $0.39 | ||
| Q2 25 | $0.17 | $0.15 | ||
| Q1 25 | $0.16 | $0.68 | ||
| Q4 24 | $-11023.48 | $0.54 | ||
| Q3 24 | $0.09 | $0.55 | ||
| Q2 24 | $0.09 | $0.58 | ||
| Q1 24 | $11023.54 | $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 | $84.8M | $575.8M |
| Total DebtLower is stronger | $715.7M | $16.0K |
| Stockholders' EquityBook value | $1.2B | $1.1B |
| Total Assets | $2.0B | $1.8B |
| Debt / EquityLower = less leverage | 0.61× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.8M | — | ||
| Q3 25 | $99.0M | $575.8M | ||
| Q2 25 | $103.3M | $558.4M | ||
| Q1 25 | $80.5M | $642.2M | ||
| Q4 24 | $54.1M | $640.7M | ||
| Q3 24 | $55.2M | $606.4M | ||
| Q2 24 | $73.2M | $559.9M | ||
| Q1 24 | $28.2M | $521.5M |
| Q4 25 | $715.7M | — | ||
| Q3 25 | $279.4M | $16.0K | ||
| Q2 25 | $277.7M | $19.0K | ||
| Q1 25 | $277.5M | $21.0K | ||
| Q4 24 | $277.3M | $25.0K | ||
| Q3 24 | $602.1M | $28.0K | ||
| Q2 24 | $250.7M | $2.5M | ||
| Q1 24 | $534.2M | $2.7M |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $769.8M | $1.1B | ||
| Q2 24 | $758.4M | $1.0B | ||
| Q1 24 | $420.6M | $1.0B |
| Q4 25 | $2.0B | — | ||
| Q3 25 | $1.5B | $1.8B | ||
| Q2 25 | $1.5B | $1.7B | ||
| Q1 25 | $1.5B | $1.7B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.5B | $1.6B | ||
| Q2 24 | $1.1B | $1.6B | ||
| Q1 24 | $1.1B | $1.6B |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.24× | 0.00× | ||
| Q2 25 | 0.25× | 0.00× | ||
| Q1 25 | 0.25× | 0.00× | ||
| Q4 24 | 0.25× | 0.00× | ||
| Q3 24 | 0.78× | 0.00× | ||
| Q2 24 | 0.33× | 0.00× | ||
| Q1 24 | 1.27× | 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 | $30.4M | $50.1M |
| Free Cash FlowOCF − Capex | — | $25.2M |
| FCF MarginFCF / Revenue | — | 12.0% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | 2.43× | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | — | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.4M | — | ||
| Q3 25 | $29.7M | $50.1M | ||
| Q2 25 | $23.8M | $31.5M | ||
| Q1 25 | $28.4M | $78.5M | ||
| Q4 24 | $20.7M | $68.4M | ||
| Q3 24 | $16.3M | $75.1M | ||
| Q2 24 | $7.1M | $76.5M | ||
| Q1 24 | $10.8M | $41.5M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 1.08× | 2.19× | ||
| Q2 25 | 1.42× | 3.55× | ||
| Q1 25 | 1.85× | 1.83× | ||
| Q4 24 | 5.62× | 2.02× | ||
| Q3 24 | 1.89× | 2.18× | ||
| Q2 24 | 0.93× | 2.11× | ||
| Q1 24 | 4.81× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
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% |
