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Side-by-side financial comparison of Ramaco Resources, Inc. (METC) 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 $121.0M, roughly 1.7× Ramaco Resources, Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs -11.0%, a 21.9% gap on every dollar of revenue. On growth, PHOTRONICS INC posted the faster year-over-year revenue change (-5.5% vs -27.7%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-17.5M). Over the past eight quarters, PHOTRONICS INC's revenue compounded faster (-3.8% CAGR vs -22.7%).
Ramaco Resources, Inc. is a U.S.-based mining company focused on high-grade metallurgical coal production. It operates mining assets across the Appalachian region, supplying products to global steel manufacturing and industrial clients, with core operations centered on sustainable low-cost metallurgical coal extraction and distribution.
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.
METC vs PLAB — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.0M | $210.4M |
| Net Profit | $-13.3M | $22.9M |
| Gross Margin | 15.8% | 33.7% |
| Operating Margin | -12.0% | 22.9% |
| Net Margin | -11.0% | 10.9% |
| Revenue YoY | -27.7% | -5.5% |
| Net Profit YoY | -5468.2% | -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.
| Q3 25 | $121.0M | $210.4M | ||
| Q2 25 | $153.0M | $211.0M | ||
| Q1 25 | $134.7M | $212.1M | ||
| Q4 24 | $170.9M | $222.6M | ||
| Q3 24 | $167.4M | $211.0M | ||
| Q2 24 | $155.3M | $217.0M | ||
| Q1 24 | $172.7M | $216.3M | ||
| Q4 23 | $202.7M | $227.5M |
| Q3 25 | $-13.3M | $22.9M | ||
| Q2 25 | $-14.0M | $8.9M | ||
| Q1 25 | $-9.5M | $42.9M | ||
| Q4 24 | $3.9M | $33.9M | ||
| Q3 24 | $-239.0K | $34.4M | ||
| Q2 24 | $5.5M | $36.3M | ||
| Q1 24 | $2.0M | $26.2M | ||
| Q4 23 | $30.0M | $44.6M |
| Q3 25 | 15.8% | 33.7% | ||
| Q2 25 | 12.3% | 36.9% | ||
| Q1 25 | 15.2% | 35.6% | ||
| Q4 24 | 20.4% | 37.0% | ||
| Q3 24 | 19.5% | 35.6% | ||
| Q2 24 | 21.0% | 36.5% | ||
| Q1 24 | 19.1% | 36.6% | ||
| Q4 23 | 31.2% | 37.3% |
| Q3 25 | -12.0% | 22.9% | ||
| Q2 25 | -9.1% | 26.4% | ||
| Q1 25 | -8.9% | 24.6% | ||
| Q4 24 | 3.7% | 25.1% | ||
| Q3 24 | 1.0% | 24.7% | ||
| Q2 24 | 3.5% | 25.8% | ||
| Q1 24 | 1.9% | 26.6% | ||
| Q4 23 | 18.4% | 28.5% |
| Q3 25 | -11.0% | 10.9% | ||
| Q2 25 | -9.1% | 4.2% | ||
| Q1 25 | -7.0% | 20.2% | ||
| Q4 24 | 2.3% | 15.2% | ||
| Q3 24 | -0.1% | 16.3% | ||
| Q2 24 | 3.6% | 16.7% | ||
| Q1 24 | 1.2% | 12.1% | ||
| Q4 23 | 14.8% | 19.6% |
| Q3 25 | — | $0.39 | ||
| Q2 25 | — | $0.15 | ||
| Q1 25 | — | $0.68 | ||
| Q4 24 | $0.06 | $0.54 | ||
| Q3 24 | $-0.03 | $0.55 | ||
| Q2 24 | $0.08 | $0.58 | ||
| Q1 24 | $0.00 | $0.42 | ||
| Q4 23 | $0.59 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $193.8M | $575.8M |
| Total DebtLower is stronger | $116.3M | $16.0K |
| Stockholders' EquityBook value | $526.9M | $1.1B |
| Total Assets | $849.7M | $1.8B |
| Debt / EquityLower = less leverage | 0.22× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $193.8M | $575.8M | ||
| Q2 25 | $28.1M | $558.4M | ||
| Q1 25 | $43.5M | $642.2M | ||
| Q4 24 | $33.0M | $640.7M | ||
| Q3 24 | $22.9M | $606.4M | ||
| Q2 24 | $27.6M | $559.9M | ||
| Q1 24 | $30.5M | $521.5M | ||
| Q4 23 | $42.0M | $512.2M |
| Q3 25 | $116.3M | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | $88.2M | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M | ||
| Q4 23 | $91.4M | $18.0M |
| Q3 25 | $526.9M | $1.1B | ||
| Q2 25 | $347.4M | $1.1B | ||
| Q1 25 | $355.2M | $1.1B | ||
| Q4 24 | $362.8M | $1.1B | ||
| Q3 24 | $361.8M | $1.1B | ||
| Q2 24 | $366.1M | $1.0B | ||
| Q1 24 | $372.3M | $1.0B | ||
| Q4 23 | $369.6M | $975.0M |
| Q3 25 | $849.7M | $1.8B | ||
| Q2 25 | $674.6M | $1.7B | ||
| Q1 25 | $685.7M | $1.7B | ||
| Q4 24 | $674.7M | $1.7B | ||
| Q3 24 | $645.4M | $1.6B | ||
| Q2 24 | $659.2M | $1.6B | ||
| Q1 24 | $674.0M | $1.6B | ||
| Q4 23 | $665.8M | $1.5B |
| Q3 25 | 0.22× | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 0.24× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× | ||
| Q4 23 | 0.25× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.4M | $50.1M |
| Free Cash FlowOCF − Capex | $-17.5M | $25.2M |
| FCF MarginFCF / Revenue | -14.5% | 12.0% |
| Capex IntensityCapex / Revenue | 13.3% | 11.8% |
| Cash ConversionOCF / Net Profit | — | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-24.7M | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-1.4M | $50.1M | ||
| Q2 25 | $-4.3M | $31.5M | ||
| Q1 25 | $26.0M | $78.5M | ||
| Q4 24 | $15.7M | $68.4M | ||
| Q3 24 | $37.4M | $75.1M | ||
| Q2 24 | $34.4M | $76.5M | ||
| Q1 24 | $25.2M | $41.5M | ||
| Q4 23 | $41.6M | $106.6M |
| Q3 25 | $-17.5M | $25.2M | ||
| Q2 25 | $-19.8M | $-29.1M | ||
| Q1 25 | $7.6M | $43.3M | ||
| Q4 24 | $5.1M | $25.2M | ||
| Q3 24 | $25.6M | $50.7M | ||
| Q2 24 | $20.3M | $56.5M | ||
| Q1 24 | $6.5M | $-1.8M | ||
| Q4 23 | $23.6M | $54.1M |
| Q3 25 | -14.5% | 12.0% | ||
| Q2 25 | -13.0% | -13.8% | ||
| Q1 25 | 5.6% | 20.4% | ||
| Q4 24 | 3.0% | 11.3% | ||
| Q3 24 | 15.3% | 24.0% | ||
| Q2 24 | 13.1% | 26.0% | ||
| Q1 24 | 3.7% | -0.8% | ||
| Q4 23 | 11.6% | 23.8% |
| Q3 25 | 13.3% | 11.8% | ||
| Q2 25 | 10.2% | 28.7% | ||
| Q1 25 | 13.7% | 16.6% | ||
| Q4 24 | 6.2% | 19.4% | ||
| Q3 24 | 7.0% | 11.6% | ||
| Q2 24 | 9.1% | 9.2% | ||
| Q1 24 | 10.8% | 20.0% | ||
| Q4 23 | 8.9% | 23.1% |
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | 4.06× | 2.02× | ||
| Q3 24 | — | 2.18× | ||
| Q2 24 | 6.21× | 2.11× | ||
| Q1 24 | 12.40× | 1.59× | ||
| Q4 23 | 1.38× | 2.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
METC
| Export Coal Revenues | $73.0M | 60% |
| Domestic Coal Revenues | $48.0M | 40% |
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% |
