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Side-by-side financial comparison of New Fortress Energy Inc. (NFE) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
New Fortress Energy Inc. is the larger business by last-quarter revenue ($326.2M vs $210.4M, roughly 1.6× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs -259.7%, a 270.5% gap on every dollar of revenue. On growth, PHOTRONICS INC posted the faster year-over-year revenue change (-5.5% vs -7.0%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-134.8M). Over the past eight quarters, PHOTRONICS INC's revenue compounded faster (-3.8% CAGR vs -26.8%).
New Fortress Energy Inc. is a global energy infrastructure firm developing, owning and operating LNG import/export terminals, natural gas supply networks and low-carbon projects. It serves utility, industrial and public sector clients across the Americas and Caribbean, delivering affordable, lower-emission energy resources.
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.
NFE vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $326.2M | $210.4M |
| Net Profit | $-847.1M | $22.9M |
| Gross Margin | 35.5% | 33.7% |
| Operating Margin | -193.0% | 22.9% |
| Net Margin | -259.7% | 10.9% |
| Revenue YoY | -7.0% | -5.5% |
| Net Profit YoY | -277.4% | -32.4% |
| EPS (diluted) | $-3.03 | $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.
| Q4 25 | $326.2M | — | ||
| Q3 25 | $240.3M | $210.4M | ||
| Q2 25 | $228.1M | $211.0M | ||
| Q1 25 | $384.9M | $212.1M | ||
| Q4 24 | $350.7M | $222.6M | ||
| Q3 24 | $446.0M | $211.0M | ||
| Q2 24 | $291.2M | $217.0M | ||
| Q1 24 | $609.5M | $216.3M |
| Q4 25 | $-847.1M | — | ||
| Q3 25 | $-263.0M | $22.9M | ||
| Q2 25 | $-546.5M | $8.9M | ||
| Q1 25 | $-175.4M | $42.9M | ||
| Q4 24 | $-224.4M | $33.9M | ||
| Q3 24 | $9.3M | $34.4M | ||
| Q2 24 | $-88.9M | $36.3M | ||
| Q1 24 | $54.1M | $26.2M |
| Q4 25 | 35.5% | — | ||
| Q3 25 | 18.1% | 33.7% | ||
| Q2 25 | 8.4% | 36.9% | ||
| Q1 25 | 21.4% | 35.6% | ||
| Q4 24 | 17.6% | 37.0% | ||
| Q3 24 | 27.1% | 35.6% | ||
| Q2 24 | 23.8% | 36.5% | ||
| Q1 24 | 62.4% | 36.6% |
| Q4 25 | -193.0% | — | ||
| Q3 25 | -37.4% | 22.9% | ||
| Q2 25 | -170.3% | 26.4% | ||
| Q1 25 | -3.3% | 24.6% | ||
| Q4 24 | 65.0% | 25.1% | ||
| Q3 24 | 17.8% | 24.7% | ||
| Q2 24 | 12.3% | 25.8% | ||
| Q1 24 | 30.4% | 26.6% |
| Q4 25 | -259.7% | — | ||
| Q3 25 | -109.4% | 10.9% | ||
| Q2 25 | -239.6% | 4.2% | ||
| Q1 25 | -45.6% | 20.2% | ||
| Q4 24 | -64.0% | 15.2% | ||
| Q3 24 | 2.1% | 16.3% | ||
| Q2 24 | -30.5% | 16.7% | ||
| Q1 24 | 8.9% | 12.1% |
| Q4 25 | $-3.03 | — | ||
| Q3 25 | $-0.96 | $0.39 | ||
| Q2 25 | $-1.99 | $0.15 | ||
| Q1 25 | $-0.65 | $0.68 | ||
| Q4 24 | $-1.10 | $0.54 | ||
| Q3 24 | $0.03 | $0.55 | ||
| Q2 24 | $-0.42 | $0.58 | ||
| Q1 24 | $0.23 | $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 | $226.5M | $575.8M |
| Total DebtLower is stronger | $8.2B | $16.0K |
| Stockholders' EquityBook value | $182.6M | $1.1B |
| Total Assets | $10.6B | $1.8B |
| Debt / EquityLower = less leverage | 44.78× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $226.5M | — | ||
| Q3 25 | $145.2M | $575.8M | ||
| Q2 25 | $551.1M | $558.4M | ||
| Q1 25 | $447.9M | $642.2M | ||
| Q4 24 | $492.9M | $640.7M | ||
| Q3 24 | $90.8M | $606.4M | ||
| Q2 24 | $133.0M | $559.9M | ||
| Q1 24 | $143.5M | $521.5M |
| Q4 25 | $8.2B | — | ||
| Q3 25 | — | $16.0K | ||
| Q2 25 | — | $19.0K | ||
| Q1 25 | — | $21.0K | ||
| Q4 24 | $8.9B | $25.0K | ||
| Q3 24 | — | $28.0K | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $2.7M |
| Q4 25 | $182.6M | — | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.6B | $1.1B | ||
| Q2 24 | $1.6B | $1.0B | ||
| Q1 24 | $1.7B | $1.0B |
| Q4 25 | $10.6B | — | ||
| Q3 25 | $12.0B | $1.8B | ||
| Q2 25 | $12.0B | $1.7B | ||
| Q1 25 | $13.1B | $1.7B | ||
| Q4 24 | $12.9B | $1.7B | ||
| Q3 24 | $12.0B | $1.6B | ||
| Q2 24 | $11.4B | $1.6B | ||
| Q1 24 | $10.9B | $1.6B |
| Q4 25 | 44.78× | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | 4.74× | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-76.2M | $50.1M |
| Free Cash FlowOCF − Capex | $-134.8M | $25.2M |
| FCF MarginFCF / Revenue | -41.3% | 12.0% |
| Capex IntensityCapex / Revenue | 18.0% | 11.8% |
| Cash ConversionOCF / Net Profit | — | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4B | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-76.2M | — | ||
| Q3 25 | $-171.0M | $50.1M | ||
| Q2 25 | $-329.0M | $31.5M | ||
| Q1 25 | $-7.2M | $78.5M | ||
| Q4 24 | $445.3M | $68.4M | ||
| Q3 24 | $-20.0M | $75.1M | ||
| Q2 24 | $113.9M | $76.5M | ||
| Q1 24 | $63.0M | $41.5M |
| Q4 25 | $-134.8M | — | ||
| Q3 25 | $-231.6M | $25.2M | ||
| Q2 25 | $-726.7M | $-29.1M | ||
| Q1 25 | $-262.3M | $43.3M | ||
| Q4 24 | $-210.3M | $25.2M | ||
| Q3 24 | $-367.0M | $50.7M | ||
| Q2 24 | $-493.2M | $56.5M | ||
| Q1 24 | $-457.9M | $-1.8M |
| Q4 25 | -41.3% | — | ||
| Q3 25 | -96.4% | 12.0% | ||
| Q2 25 | -318.6% | -13.8% | ||
| Q1 25 | -68.2% | 20.4% | ||
| Q4 24 | -60.0% | 11.3% | ||
| Q3 24 | -82.3% | 24.0% | ||
| Q2 24 | -169.3% | 26.0% | ||
| Q1 24 | -75.1% | -0.8% |
| Q4 25 | 18.0% | — | ||
| Q3 25 | 25.2% | 11.8% | ||
| Q2 25 | 174.4% | 28.7% | ||
| Q1 25 | 66.3% | 16.6% | ||
| Q4 24 | 187.0% | 19.4% | ||
| Q3 24 | 77.8% | 11.6% | ||
| Q2 24 | 208.4% | 9.2% | ||
| Q1 24 | 85.5% | 20.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.19× | ||
| Q2 25 | — | 3.55× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 2.02× | ||
| Q3 24 | -2.15× | 2.18× | ||
| Q2 24 | — | 2.11× | ||
| Q1 24 | 1.16× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NFE
Segment breakdown not available.
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% |
