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Side-by-side financial comparison of Phreesia, Inc. (PHR) 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 $120.3M, roughly 1.7× Phreesia, Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs 3.5%, a 7.3% gap on every dollar of revenue. On growth, Phreesia, Inc. posted the faster year-over-year revenue change (12.7% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $12.2M).

Phreesia, Inc. is a software as a service company that offers healthcare organizations a set of applications to automate and manage patient intake.

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.

PHR vs PLAB — Head-to-Head

Bigger by revenue
PLAB
PLAB
1.7× larger
PLAB
$210.4M
$120.3M
PHR
Growing faster (revenue YoY)
PHR
PHR
+18.2% gap
PHR
12.7%
-5.5%
PLAB
Higher net margin
PLAB
PLAB
7.3% more per $
PLAB
10.9%
3.5%
PHR
More free cash flow
PLAB
PLAB
$13.0M more FCF
PLAB
$25.2M
$12.2M
PHR

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
PHR
PHR
PLAB
PLAB
Revenue
$120.3M
$210.4M
Net Profit
$4.3M
$22.9M
Gross Margin
33.7%
Operating Margin
3.1%
22.9%
Net Margin
3.5%
10.9%
Revenue YoY
12.7%
-5.5%
Net Profit YoY
129.7%
-32.4%
EPS (diluted)
$0.07
$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
PHR
PHR
PLAB
PLAB
Q4 25
$120.3M
Q3 25
$117.3M
$210.4M
Q2 25
$115.9M
$211.0M
Q1 25
$212.1M
Q4 24
$222.6M
Q3 24
$211.0M
Q2 24
$217.0M
Q1 24
$216.3M
Net Profit
PHR
PHR
PLAB
PLAB
Q4 25
$4.3M
Q3 25
$654.0K
$22.9M
Q2 25
$-3.9M
$8.9M
Q1 25
$42.9M
Q4 24
$33.9M
Q3 24
$34.4M
Q2 24
$36.3M
Q1 24
$26.2M
Gross Margin
PHR
PHR
PLAB
PLAB
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%
Operating Margin
PHR
PHR
PLAB
PLAB
Q4 25
3.1%
Q3 25
-1.3%
22.9%
Q2 25
-2.8%
26.4%
Q1 25
24.6%
Q4 24
25.1%
Q3 24
24.7%
Q2 24
25.8%
Q1 24
26.6%
Net Margin
PHR
PHR
PLAB
PLAB
Q4 25
3.5%
Q3 25
0.6%
10.9%
Q2 25
-3.4%
4.2%
Q1 25
20.2%
Q4 24
15.2%
Q3 24
16.3%
Q2 24
16.7%
Q1 24
12.1%
EPS (diluted)
PHR
PHR
PLAB
PLAB
Q4 25
$0.07
Q3 25
$0.01
$0.39
Q2 25
$-0.07
$0.15
Q1 25
$0.68
Q4 24
$0.54
Q3 24
$0.55
Q2 24
$0.58
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
PHR
PHR
PLAB
PLAB
Cash + ST InvestmentsLiquidity on hand
$106.4M
$575.8M
Total DebtLower is stronger
$3.4M
$16.0K
Stockholders' EquityBook value
$320.3M
$1.1B
Total Assets
$423.5M
$1.8B
Debt / EquityLower = less leverage
0.01×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHR
PHR
PLAB
PLAB
Q4 25
$106.4M
Q3 25
$98.3M
$575.8M
Q2 25
$90.9M
$558.4M
Q1 25
$642.2M
Q4 24
$640.7M
Q3 24
$606.4M
Q2 24
$559.9M
Q1 24
$521.5M
Total Debt
PHR
PHR
PLAB
PLAB
Q4 25
$3.4M
Q3 25
$4.6M
$16.0K
Q2 25
$6.2M
$19.0K
Q1 25
$21.0K
Q4 24
$25.0K
Q3 24
$28.0K
Q2 24
$2.5M
Q1 24
$2.7M
Stockholders' Equity
PHR
PHR
PLAB
PLAB
Q4 25
$320.3M
Q3 25
$298.0M
$1.1B
Q2 25
$282.2M
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.0B
Total Assets
PHR
PHR
PLAB
PLAB
Q4 25
$423.5M
Q3 25
$408.6M
$1.8B
Q2 25
$400.4M
$1.7B
Q1 25
$1.7B
Q4 24
$1.7B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Debt / Equity
PHR
PHR
PLAB
PLAB
Q4 25
0.01×
Q3 25
0.02×
0.00×
Q2 25
0.02×
0.00×
Q1 25
0.00×
Q4 24
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
PHR
PHR
PLAB
PLAB
Operating Cash FlowLast quarter
$15.5M
$50.1M
Free Cash FlowOCF − Capex
$12.2M
$25.2M
FCF MarginFCF / Revenue
10.1%
12.0%
Capex IntensityCapex / Revenue
2.7%
11.8%
Cash ConversionOCF / Net Profit
3.62×
2.19×
TTM Free Cash FlowTrailing 4 quarters
$64.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHR
PHR
PLAB
PLAB
Q4 25
$15.5M
Q3 25
$14.8M
$50.1M
Q2 25
$14.8M
$31.5M
Q1 25
$78.5M
Q4 24
$68.4M
Q3 24
$75.1M
Q2 24
$76.5M
Q1 24
$41.5M
Free Cash Flow
PHR
PHR
PLAB
PLAB
Q4 25
$12.2M
Q3 25
$13.1M
$25.2M
Q2 25
$11.3M
$-29.1M
Q1 25
$43.3M
Q4 24
$25.2M
Q3 24
$50.7M
Q2 24
$56.5M
Q1 24
$-1.8M
FCF Margin
PHR
PHR
PLAB
PLAB
Q4 25
10.1%
Q3 25
11.1%
12.0%
Q2 25
9.8%
-13.8%
Q1 25
20.4%
Q4 24
11.3%
Q3 24
24.0%
Q2 24
26.0%
Q1 24
-0.8%
Capex Intensity
PHR
PHR
PLAB
PLAB
Q4 25
2.7%
Q3 25
1.5%
11.8%
Q2 25
3.0%
28.7%
Q1 25
16.6%
Q4 24
19.4%
Q3 24
11.6%
Q2 24
9.2%
Q1 24
20.0%
Cash Conversion
PHR
PHR
PLAB
PLAB
Q4 25
3.62×
Q3 25
22.68×
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

PHR
PHR

Subscription And Services$55.5M46%
Network Solutions$37.4M31%
Payment Processing Fees$27.4M23%

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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