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Side-by-side financial comparison of ONESPAWORLD HOLDINGS Ltd (OSW) and PHOTRONICS INC (PLAB). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $210.4M, roughly 1.2× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs 5.0%, a 5.9% gap on every dollar of revenue. On growth, ONESPAWORLD HOLDINGS Ltd posted the faster year-over-year revenue change (11.5% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $14.9M). Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
OSW vs PLAB — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $242.1M | $210.4M |
| Net Profit | $12.1M | $22.9M |
| Gross Margin | — | 33.7% |
| Operating Margin | 6.8% | 22.9% |
| Net Margin | 5.0% | 10.9% |
| Revenue YoY | 11.5% | -5.5% |
| Net Profit YoY | -16.2% | -32.4% |
| EPS (diluted) | $0.12 | $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 | $242.1M | — | ||
| Q3 25 | $258.5M | $210.4M | ||
| Q2 25 | $240.7M | $211.0M | ||
| Q1 25 | $219.6M | $212.1M | ||
| Q4 24 | $217.2M | $222.6M | ||
| Q3 24 | $241.7M | $211.0M | ||
| Q2 24 | $224.9M | $217.0M | ||
| Q1 24 | $211.2M | $216.3M |
| Q4 25 | $12.1M | — | ||
| Q3 25 | $24.3M | $22.9M | ||
| Q2 25 | $19.9M | $8.9M | ||
| Q1 25 | $15.3M | $42.9M | ||
| Q4 24 | $14.4M | $33.9M | ||
| Q3 24 | $21.6M | $34.4M | ||
| Q2 24 | $15.8M | $36.3M | ||
| Q1 24 | $21.2M | $26.2M |
| 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% | ||
| Q1 24 | — | 36.6% |
| Q4 25 | 6.8% | — | ||
| Q3 25 | 10.2% | 22.9% | ||
| Q2 25 | 9.2% | 26.4% | ||
| Q1 25 | 7.7% | 24.6% | ||
| Q4 24 | 7.9% | 25.1% | ||
| Q3 24 | 10.3% | 24.7% | ||
| Q2 24 | 8.4% | 25.8% | ||
| Q1 24 | 8.0% | 26.6% |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 9.4% | 10.9% | ||
| Q2 25 | 8.3% | 4.2% | ||
| Q1 25 | 7.0% | 20.2% | ||
| Q4 24 | 6.6% | 15.2% | ||
| Q3 24 | 8.9% | 16.3% | ||
| Q2 24 | 7.0% | 16.7% | ||
| Q1 24 | 10.0% | 12.1% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.23 | $0.39 | ||
| Q2 25 | $0.19 | $0.15 | ||
| Q1 25 | $0.15 | $0.68 | ||
| Q4 24 | $0.13 | $0.54 | ||
| Q3 24 | $0.20 | $0.55 | ||
| Q2 24 | $0.15 | $0.58 | ||
| Q1 24 | $0.21 | $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 | $16.3M | $575.8M |
| Total DebtLower is stronger | $84.0M | $16.0K |
| Stockholders' EquityBook value | $542.6M | $1.1B |
| Total Assets | $707.1M | $1.8B |
| Debt / EquityLower = less leverage | 0.15× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.3M | — | ||
| Q3 25 | $29.6M | $575.8M | ||
| Q2 25 | $35.0M | $558.4M | ||
| Q1 25 | $22.6M | $642.2M | ||
| Q4 24 | $57.4M | $640.7M | ||
| Q3 24 | $48.8M | $606.4M | ||
| Q2 24 | $62.5M | $559.9M | ||
| Q1 24 | $65.4M | $521.5M |
| Q4 25 | $84.0M | — | ||
| Q3 25 | $85.2M | $16.0K | ||
| Q2 25 | $96.2M | $19.0K | ||
| Q1 25 | $97.4M | $21.0K | ||
| Q4 24 | $98.6M | $25.0K | ||
| Q3 24 | $98.7M | $28.0K | ||
| Q2 24 | $123.8M | $2.5M | ||
| Q1 24 | $138.6M | $2.7M |
| Q4 25 | $542.6M | — | ||
| Q3 25 | $552.8M | $1.1B | ||
| Q2 25 | $548.3M | $1.1B | ||
| Q1 25 | $530.6M | $1.1B | ||
| Q4 24 | $554.5M | $1.1B | ||
| Q3 24 | $540.1M | $1.1B | ||
| Q2 24 | $532.7M | $1.0B | ||
| Q1 24 | $515.5M | $1.0B |
| Q4 25 | $707.1M | — | ||
| Q3 25 | $732.6M | $1.8B | ||
| Q2 25 | $731.8M | $1.7B | ||
| Q1 25 | $708.7M | $1.7B | ||
| Q4 24 | $746.4M | $1.7B | ||
| Q3 24 | $734.0M | $1.6B | ||
| Q2 24 | $756.8M | $1.6B | ||
| Q1 24 | $763.6M | $1.6B |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.15× | 0.00× | ||
| Q2 25 | 0.18× | 0.00× | ||
| Q1 25 | 0.18× | 0.00× | ||
| Q4 24 | 0.18× | 0.00× | ||
| Q3 24 | 0.18× | 0.00× | ||
| Q2 24 | 0.23× | 0.00× | ||
| Q1 24 | 0.27× | 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 | $20.0M | $50.1M |
| Free Cash FlowOCF − Capex | $14.9M | $25.2M |
| FCF MarginFCF / Revenue | 6.2% | 12.0% |
| Capex IntensityCapex / Revenue | 2.1% | 11.8% |
| Cash ConversionOCF / Net Profit | 1.65× | 2.19× |
| TTM Free Cash FlowTrailing 4 quarters | $68.4M | $64.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | — | ||
| Q3 25 | $33.2M | $50.1M | ||
| Q2 25 | $20.3M | $31.5M | ||
| Q1 25 | $10.1M | $78.5M | ||
| Q4 24 | $16.6M | $68.4M | ||
| Q3 24 | $28.6M | $75.1M | ||
| Q2 24 | $18.7M | $76.5M | ||
| Q1 24 | $15.0M | $41.5M |
| Q4 25 | $14.9M | — | ||
| Q3 25 | $27.6M | $25.2M | ||
| Q2 25 | $17.6M | $-29.1M | ||
| Q1 25 | $8.4M | $43.3M | ||
| Q4 24 | $13.2M | $25.2M | ||
| Q3 24 | $27.5M | $50.7M | ||
| Q2 24 | $17.6M | $56.5M | ||
| Q1 24 | $13.7M | $-1.8M |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 10.7% | 12.0% | ||
| Q2 25 | 7.3% | -13.8% | ||
| Q1 25 | 3.8% | 20.4% | ||
| Q4 24 | 6.1% | 11.3% | ||
| Q3 24 | 11.4% | 24.0% | ||
| Q2 24 | 7.8% | 26.0% | ||
| Q1 24 | 6.5% | -0.8% |
| Q4 25 | 2.1% | — | ||
| Q3 25 | 2.2% | 11.8% | ||
| Q2 25 | 1.1% | 28.7% | ||
| Q1 25 | 0.8% | 16.6% | ||
| Q4 24 | 1.5% | 19.4% | ||
| Q3 24 | 0.5% | 11.6% | ||
| Q2 24 | 0.5% | 9.2% | ||
| Q1 24 | 0.6% | 20.0% |
| Q4 25 | 1.65× | — | ||
| Q3 25 | 1.36× | 2.19× | ||
| Q2 25 | 1.02× | 3.55× | ||
| Q1 25 | 0.66× | 1.83× | ||
| Q4 24 | 1.15× | 2.02× | ||
| Q3 24 | 1.33× | 2.18× | ||
| Q2 24 | 1.19× | 2.11× | ||
| Q1 24 | 0.71× | 1.59× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
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% |
