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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $153.1M, roughly 1.4× CPI Card Group Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs 4.8%, a 6.1% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -5.5%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $25.2M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
PLAB vs PMTS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $153.1M |
| Net Profit | $22.9M | $7.3M |
| Gross Margin | 33.7% | 31.5% |
| Operating Margin | 22.9% | 12.0% |
| Net Margin | 10.9% | 4.8% |
| Revenue YoY | -5.5% | 22.3% |
| Net Profit YoY | -32.4% | 8.5% |
| EPS (diluted) | $0.39 | $0.62 |
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 | — | $153.1M | ||
| Q3 25 | $210.4M | $138.0M | ||
| Q2 25 | $211.0M | $129.8M | ||
| Q1 25 | $212.1M | $122.8M | ||
| Q4 24 | $222.6M | $125.1M | ||
| Q3 24 | $211.0M | $124.8M | ||
| Q2 24 | $217.0M | $118.8M | ||
| Q1 24 | $216.3M | $111.9M |
| Q4 25 | — | $7.3M | ||
| Q3 25 | $22.9M | $2.3M | ||
| Q2 25 | $8.9M | $518.0K | ||
| Q1 25 | $42.9M | $4.8M | ||
| Q4 24 | $33.9M | $6.8M | ||
| Q3 24 | $34.4M | $1.3M | ||
| Q2 24 | $36.3M | $6.0M | ||
| Q1 24 | $26.2M | $5.5M |
| Q4 25 | — | 31.5% | ||
| Q3 25 | 33.7% | 29.7% | ||
| Q2 25 | 36.9% | 30.9% | ||
| Q1 25 | 35.6% | 33.2% | ||
| Q4 24 | 37.0% | 34.1% | ||
| Q3 24 | 35.6% | 35.8% | ||
| Q2 24 | 36.5% | 35.7% | ||
| Q1 24 | 36.6% | 37.1% |
| Q4 25 | — | 12.0% | ||
| Q3 25 | 22.9% | 9.4% | ||
| Q2 25 | 26.4% | 7.3% | ||
| Q1 25 | 24.6% | 11.5% | ||
| Q4 24 | 25.1% | 12.7% | ||
| Q3 24 | 24.7% | 14.3% | ||
| Q2 24 | 25.8% | 12.5% | ||
| Q1 24 | 26.6% | 12.6% |
| Q4 25 | — | 4.8% | ||
| Q3 25 | 10.9% | 1.7% | ||
| Q2 25 | 4.2% | 0.4% | ||
| Q1 25 | 20.2% | 3.9% | ||
| Q4 24 | 15.2% | 5.4% | ||
| Q3 24 | 16.3% | 1.0% | ||
| Q2 24 | 16.7% | 5.1% | ||
| Q1 24 | 12.1% | 4.9% |
| Q4 25 | — | $0.62 | ||
| Q3 25 | $0.39 | $0.19 | ||
| Q2 25 | $0.15 | $0.04 | ||
| Q1 25 | $0.68 | $0.40 | ||
| Q4 24 | $0.54 | $0.56 | ||
| Q3 24 | $0.55 | $0.11 | ||
| Q2 24 | $0.58 | $0.51 | ||
| Q1 24 | $0.42 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | $16.0K | $286.7M |
| Stockholders' EquityBook value | $1.1B | $-17.3M |
| Total Assets | $1.8B | $403.2M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $21.7M | ||
| Q3 25 | $575.8M | $16.0M | ||
| Q2 25 | $558.4M | $17.1M | ||
| Q1 25 | $642.2M | $31.5M | ||
| Q4 24 | $640.7M | $33.5M | ||
| Q3 24 | $606.4M | $14.7M | ||
| Q2 24 | $559.9M | $7.5M | ||
| Q1 24 | $521.5M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | $16.0K | $308.4M | ||
| Q2 25 | $19.0K | $310.9M | ||
| Q1 25 | $21.0K | $280.7M | ||
| Q4 24 | $25.0K | $280.4M | ||
| Q3 24 | $28.0K | $280.2M | ||
| Q2 24 | $2.5M | $269.7M | ||
| Q1 24 | $2.7M | $265.3M |
| Q4 25 | — | $-17.3M | ||
| Q3 25 | $1.1B | $-25.7M | ||
| Q2 25 | $1.1B | $-29.0M | ||
| Q1 25 | $1.1B | $-29.7M | ||
| Q4 24 | $1.1B | $-35.6M | ||
| Q3 24 | $1.1B | $-42.8M | ||
| Q2 24 | $1.0B | $-44.6M | ||
| Q1 24 | $1.0B | $-48.5M |
| Q4 25 | — | $403.2M | ||
| Q3 25 | $1.8B | $407.1M | ||
| Q2 25 | $1.7B | $399.8M | ||
| Q1 25 | $1.7B | $351.9M | ||
| Q4 24 | $1.7B | $349.7M | ||
| Q3 24 | $1.6B | $342.3M | ||
| Q2 24 | $1.6B | $321.4M | ||
| Q1 24 | $1.6B | $319.8M |
| 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 | $39.6M |
| Free Cash FlowOCF − Capex | $25.2M | $35.2M |
| FCF MarginFCF / Revenue | 12.0% | 23.0% |
| Capex IntensityCapex / Revenue | 11.8% | 2.9% |
| Cash ConversionOCF / Net Profit | 2.19× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $39.6M | ||
| Q3 25 | $50.1M | $10.0M | ||
| Q2 25 | $31.5M | $4.3M | ||
| Q1 25 | $78.5M | $5.6M | ||
| Q4 24 | $68.4M | $26.7M | ||
| Q3 24 | $75.1M | $12.5M | ||
| Q2 24 | $76.5M | $-4.8M | ||
| Q1 24 | $41.5M | $8.9M |
| Q4 25 | — | $35.2M | ||
| Q3 25 | $25.2M | $5.3M | ||
| Q2 25 | $-29.1M | $533.0K | ||
| Q1 25 | $43.3M | $292.0K | ||
| Q4 24 | $25.2M | $21.6M | ||
| Q3 24 | $50.7M | $11.1M | ||
| Q2 24 | $56.5M | $-6.0M | ||
| Q1 24 | $-1.8M | $7.4M |
| Q4 25 | — | 23.0% | ||
| Q3 25 | 12.0% | 3.8% | ||
| Q2 25 | -13.8% | 0.4% | ||
| Q1 25 | 20.4% | 0.2% | ||
| Q4 24 | 11.3% | 17.3% | ||
| Q3 24 | 24.0% | 8.9% | ||
| Q2 24 | 26.0% | -5.0% | ||
| Q1 24 | -0.8% | 6.6% |
| Q4 25 | — | 2.9% | ||
| Q3 25 | 11.8% | 3.4% | ||
| Q2 25 | 28.7% | 2.9% | ||
| Q1 25 | 16.6% | 4.3% | ||
| Q4 24 | 19.4% | 4.0% | ||
| Q3 24 | 11.6% | 1.2% | ||
| Q2 24 | 9.2% | 1.0% | ||
| Q1 24 | 20.0% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | 2.19× | 4.32× | ||
| Q2 25 | 3.55× | 8.39× | ||
| Q1 25 | 1.83× | 1.17× | ||
| Q4 24 | 2.02× | 3.94× | ||
| Q3 24 | 2.18× | 9.70× | ||
| Q2 24 | 2.11× | -0.79× | ||
| Q1 24 | 1.59× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
