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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Palomar Holdings, Inc. (PLMR). Click either name above to swap in a different company.
Palomar Holdings, Inc. is the larger business by last-quarter revenue ($253.4M vs $210.4M, roughly 1.2× PHOTRONICS INC). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs -5.5%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $25.2M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% 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.
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
PLAB vs PLMR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $253.4M |
| Net Profit | $22.9M | — |
| Gross Margin | 33.7% | — |
| Operating Margin | 22.9% | 28.7% |
| Net Margin | 10.9% | — |
| Revenue YoY | -5.5% | 62.7% |
| Net Profit YoY | -32.4% | — |
| EPS (diluted) | $0.39 | $2.05 |
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 | — | $253.4M | ||
| Q3 25 | $210.4M | $244.7M | ||
| Q2 25 | $211.0M | $203.3M | ||
| Q1 25 | $212.1M | $174.6M | ||
| Q4 24 | $222.6M | $155.8M | ||
| Q3 24 | $211.0M | $148.5M | ||
| Q2 24 | $217.0M | $131.1M | ||
| Q1 24 | $216.3M | $118.5M |
| Q4 25 | — | — | ||
| Q3 25 | $22.9M | $51.5M | ||
| Q2 25 | $8.9M | $46.5M | ||
| Q1 25 | $42.9M | $42.9M | ||
| Q4 24 | $33.9M | — | ||
| Q3 24 | $34.4M | $30.5M | ||
| Q2 24 | $36.3M | $25.7M | ||
| Q1 24 | $26.2M | $26.4M |
| 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 | — | 28.7% | ||
| Q3 25 | 22.9% | 27.4% | ||
| Q2 25 | 26.4% | 29.5% | ||
| Q1 25 | 24.6% | 30.8% | ||
| Q4 24 | 25.1% | 28.9% | ||
| Q3 24 | 24.7% | 25.9% | ||
| Q2 24 | 25.8% | 25.5% | ||
| Q1 24 | 26.6% | 29.0% |
| Q4 25 | — | — | ||
| Q3 25 | 10.9% | 21.0% | ||
| Q2 25 | 4.2% | 22.9% | ||
| Q1 25 | 20.2% | 24.6% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 16.3% | 20.5% | ||
| Q2 24 | 16.7% | 19.6% | ||
| Q1 24 | 12.1% | 22.3% |
| Q4 25 | — | $2.05 | ||
| Q3 25 | $0.39 | $1.87 | ||
| Q2 25 | $0.15 | $1.68 | ||
| Q1 25 | $0.68 | $1.57 | ||
| Q4 24 | $0.54 | $1.29 | ||
| Q3 24 | $0.55 | $1.15 | ||
| Q2 24 | $0.58 | $1.00 | ||
| Q1 24 | $0.42 | $1.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $575.8M | $106.9M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $942.7M |
| Total Assets | $1.8B | $3.1B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $106.9M | ||
| Q3 25 | $575.8M | $111.7M | ||
| Q2 25 | $558.4M | $81.3M | ||
| Q1 25 | $642.2M | $119.3M | ||
| Q4 24 | $640.7M | $80.4M | ||
| Q3 24 | $606.4M | $86.5M | ||
| Q2 24 | $559.9M | $47.8M | ||
| Q1 24 | $521.5M | $61.4M |
| Q4 25 | — | — | ||
| Q3 25 | $16.0K | — | ||
| Q2 25 | $19.0K | — | ||
| Q1 25 | $21.0K | — | ||
| Q4 24 | $25.0K | — | ||
| Q3 24 | $28.0K | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $2.7M | — |
| Q4 25 | — | $942.7M | ||
| Q3 25 | $1.1B | $878.1M | ||
| Q2 25 | $1.1B | $847.2M | ||
| Q1 25 | $1.1B | $790.4M | ||
| Q4 24 | $1.1B | $729.0M | ||
| Q3 24 | $1.1B | $703.3M | ||
| Q2 24 | $1.0B | $532.6M | ||
| Q1 24 | $1.0B | $501.7M |
| Q4 25 | — | $3.1B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.7B | $2.8B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.7B | $2.3B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.6B | $2.0B | ||
| Q1 24 | $1.6B | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $50.1M | $409.1M |
| Free Cash FlowOCF − Capex | $25.2M | $409.0M |
| FCF MarginFCF / Revenue | 12.0% | 161.4% |
| Capex IntensityCapex / Revenue | 11.8% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $700.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $409.1M | ||
| Q3 25 | $50.1M | $83.6M | ||
| Q2 25 | $31.5M | $120.9M | ||
| Q1 25 | $78.5M | $87.2M | ||
| Q4 24 | $68.4M | $261.2M | ||
| Q3 24 | $75.1M | $100.3M | ||
| Q2 24 | $76.5M | $55.1M | ||
| Q1 24 | $41.5M | $33.1M |
| Q4 25 | — | $409.0M | ||
| Q3 25 | $25.2M | $83.6M | ||
| Q2 25 | $-29.1M | $120.8M | ||
| Q1 25 | $43.3M | $87.1M | ||
| Q4 24 | $25.2M | $260.9M | ||
| Q3 24 | $50.7M | $100.1M | ||
| Q2 24 | $56.5M | — | ||
| Q1 24 | $-1.8M | — |
| Q4 25 | — | 161.4% | ||
| Q3 25 | 12.0% | 34.2% | ||
| Q2 25 | -13.8% | 59.4% | ||
| Q1 25 | 20.4% | 49.9% | ||
| Q4 24 | 11.3% | 167.5% | ||
| Q3 24 | 24.0% | 67.4% | ||
| Q2 24 | 26.0% | — | ||
| Q1 24 | -0.8% | — |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 11.8% | 0.0% | ||
| Q2 25 | 28.7% | 0.0% | ||
| Q1 25 | 16.6% | 0.0% | ||
| Q4 24 | 19.4% | 0.2% | ||
| Q3 24 | 11.6% | 0.1% | ||
| Q2 24 | 9.2% | 0.0% | ||
| Q1 24 | 20.0% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | 1.63× | ||
| Q2 25 | 3.55× | 2.60× | ||
| Q1 25 | 1.83× | 2.03× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | 3.29× | ||
| Q2 24 | 2.11× | 2.14× | ||
| Q1 24 | 1.59× | 1.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
PLMR
Segment breakdown not available.
