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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.

MEDICAL PROPERTIES TRUST INC is the larger business by last-quarter revenue ($270.3M vs $210.4M, roughly 1.3× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs 6.5%, a 4.4% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs -5.5%). Over the past eight quarters, MEDICAL PROPERTIES TRUST INC's revenue compounded faster (-0.2% CAGR vs -3.8%).

Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...

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.

MPW vs PLAB — Head-to-Head

Bigger by revenue
MPW
MPW
1.3× larger
MPW
$270.3M
$210.4M
PLAB
Growing faster (revenue YoY)
MPW
MPW
+22.1% gap
MPW
16.6%
-5.5%
PLAB
Higher net margin
PLAB
PLAB
4.4% more per $
PLAB
10.9%
6.5%
MPW
Faster 2-yr revenue CAGR
MPW
MPW
Annualised
MPW
-0.2%
-3.8%
PLAB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MPW
MPW
PLAB
PLAB
Revenue
$270.3M
$210.4M
Net Profit
$17.6M
$22.9M
Gross Margin
95.8%
33.7%
Operating Margin
9.7%
22.9%
Net Margin
6.5%
10.9%
Revenue YoY
16.6%
-5.5%
Net Profit YoY
104.3%
-32.4%
EPS (diluted)
$0.03
$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
MPW
MPW
PLAB
PLAB
Q4 25
$270.3M
Q3 25
$237.5M
$210.4M
Q2 25
$240.4M
$211.0M
Q1 25
$223.8M
$212.1M
Q4 24
$231.8M
$222.6M
Q3 24
$225.8M
$211.0M
Q2 24
$266.6M
$217.0M
Q1 24
$271.3M
$216.3M
Net Profit
MPW
MPW
PLAB
PLAB
Q4 25
$17.6M
Q3 25
$-77.7M
$22.9M
Q2 25
$-98.4M
$8.9M
Q1 25
$-118.3M
$42.9M
Q4 24
$-412.3M
$33.9M
Q3 24
$-801.2M
$34.4M
Q2 24
$-320.6M
$36.3M
Q1 24
$-875.6M
$26.2M
Gross Margin
MPW
MPW
PLAB
PLAB
Q4 25
95.8%
Q3 25
33.7%
Q2 25
91.8%
36.9%
Q1 25
63.6%
35.6%
Q4 24
90.9%
37.0%
Q3 24
96.5%
35.6%
Q2 24
98.4%
36.5%
Q1 24
84.9%
36.6%
Operating Margin
MPW
MPW
PLAB
PLAB
Q4 25
9.7%
Q3 25
-28.0%
22.9%
Q2 25
-36.7%
26.4%
Q1 25
-48.5%
24.6%
Q4 24
-173.7%
25.1%
Q3 24
-350.7%
24.7%
Q2 24
-114.5%
25.8%
Q1 24
-318.6%
26.6%
Net Margin
MPW
MPW
PLAB
PLAB
Q4 25
6.5%
Q3 25
-32.7%
10.9%
Q2 25
-40.9%
4.2%
Q1 25
-52.8%
20.2%
Q4 24
-177.8%
15.2%
Q3 24
-354.8%
16.3%
Q2 24
-120.3%
16.7%
Q1 24
-322.7%
12.1%
EPS (diluted)
MPW
MPW
PLAB
PLAB
Q4 25
$0.03
Q3 25
$-0.13
$0.39
Q2 25
$-0.16
$0.15
Q1 25
$-0.20
$0.68
Q4 24
$-0.68
$0.54
Q3 24
$-1.34
$0.55
Q2 24
$-0.54
$0.58
Q1 24
$-1.46
$0.42

Balance Sheet & Financial Strength

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

Metric
MPW
MPW
PLAB
PLAB
Cash + ST InvestmentsLiquidity on hand
$540.9M
$575.8M
Total DebtLower is stronger
$9.7B
$16.0K
Stockholders' EquityBook value
$4.6B
$1.1B
Total Assets
$15.0B
$1.8B
Debt / EquityLower = less leverage
2.11×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPW
MPW
PLAB
PLAB
Q4 25
$540.9M
Q3 25
$396.6M
$575.8M
Q2 25
$509.8M
$558.4M
Q1 25
$673.5M
$642.2M
Q4 24
$332.3M
$640.7M
Q3 24
$275.6M
$606.4M
Q2 24
$606.5M
$559.9M
Q1 24
$224.3M
$521.5M
Total Debt
MPW
MPW
PLAB
PLAB
Q4 25
$9.7B
Q3 25
$9.6B
$16.0K
Q2 25
$9.6B
$19.0K
Q1 25
$9.5B
$21.0K
Q4 24
$8.8B
$25.0K
Q3 24
$9.2B
$28.0K
Q2 24
$9.4B
$2.5M
Q1 24
$10.1B
$2.7M
Stockholders' Equity
MPW
MPW
PLAB
PLAB
Q4 25
$4.6B
Q3 25
$4.7B
$1.1B
Q2 25
$4.8B
$1.1B
Q1 25
$4.8B
$1.1B
Q4 24
$4.8B
$1.1B
Q3 24
$5.4B
$1.1B
Q2 24
$6.2B
$1.0B
Q1 24
$6.7B
$1.0B
Total Assets
MPW
MPW
PLAB
PLAB
Q4 25
$15.0B
Q3 25
$14.9B
$1.8B
Q2 25
$15.2B
$1.7B
Q1 25
$14.9B
$1.7B
Q4 24
$14.3B
$1.7B
Q3 24
$15.2B
$1.6B
Q2 24
$16.2B
$1.6B
Q1 24
$17.3B
$1.6B
Debt / Equity
MPW
MPW
PLAB
PLAB
Q4 25
2.11×
Q3 25
2.06×
0.00×
Q2 25
2.00×
0.00×
Q1 25
1.99×
0.00×
Q4 24
1.83×
0.00×
Q3 24
1.69×
0.00×
Q2 24
1.51×
0.00×
Q1 24
1.51×
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
MPW
MPW
PLAB
PLAB
Operating Cash FlowLast quarter
$230.8M
$50.1M
Free Cash FlowOCF − Capex
$25.2M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
11.8%
Cash ConversionOCF / Net Profit
13.11×
2.19×
TTM Free Cash FlowTrailing 4 quarters
$64.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPW
MPW
PLAB
PLAB
Q4 25
$230.8M
Q3 25
$18.6M
$50.1M
Q2 25
$51.7M
$31.5M
Q1 25
$384.0K
$78.5M
Q4 24
$245.5M
$68.4M
Q3 24
$59.2M
$75.1M
Q2 24
$35.3M
$76.5M
Q1 24
$74.3M
$41.5M
Free Cash Flow
MPW
MPW
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
MPW
MPW
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
MPW
MPW
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
MPW
MPW
PLAB
PLAB
Q4 25
13.11×
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MPW
MPW

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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