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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $140.7M, roughly 1.5× Purple Innovation, Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs -2.3%, a 13.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
PLAB vs PRPL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $140.7M |
| Net Profit | $22.9M | $-3.2M |
| Gross Margin | 33.7% | 41.9% |
| Operating Margin | 22.9% | -1.6% |
| Net Margin | 10.9% | -2.3% |
| Revenue YoY | -5.5% | 9.1% |
| Net Profit YoY | -32.4% | 62.1% |
| EPS (diluted) | $0.39 | $0.03 |
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 | — | $140.7M | ||
| Q3 25 | $210.4M | $118.8M | ||
| Q2 25 | $211.0M | $105.1M | ||
| Q1 25 | $212.1M | $104.2M | ||
| Q4 24 | $222.6M | $129.0M | ||
| Q3 24 | $211.0M | $118.6M | ||
| Q2 24 | $217.0M | $120.3M | ||
| Q1 24 | $216.3M | $120.0M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $22.9M | $-11.7M | ||
| Q2 25 | $8.9M | $-17.3M | ||
| Q1 25 | $42.9M | $-19.1M | ||
| Q4 24 | $33.9M | $-8.5M | ||
| Q3 24 | $34.4M | $-39.2M | ||
| Q2 24 | $36.3M | $27.0K | ||
| Q1 24 | $26.2M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | 33.7% | 42.8% | ||
| Q2 25 | 36.9% | 35.9% | ||
| Q1 25 | 35.6% | 39.4% | ||
| Q4 24 | 37.0% | 42.9% | ||
| Q3 24 | 35.6% | 29.7% | ||
| Q2 24 | 36.5% | 40.7% | ||
| Q1 24 | 36.6% | 34.8% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | 22.9% | -10.2% | ||
| Q2 25 | 26.4% | -13.5% | ||
| Q1 25 | 24.6% | -13.9% | ||
| Q4 24 | 25.1% | -6.0% | ||
| Q3 24 | 24.7% | -39.5% | ||
| Q2 24 | 25.8% | -12.1% | ||
| Q1 24 | 26.6% | -19.3% |
| Q4 25 | — | -2.3% | ||
| Q3 25 | 10.9% | -9.9% | ||
| Q2 25 | 4.2% | -16.5% | ||
| Q1 25 | 20.2% | -18.4% | ||
| Q4 24 | 15.2% | -6.6% | ||
| Q3 24 | 16.3% | -33.1% | ||
| Q2 24 | 16.7% | 0.0% | ||
| Q1 24 | 12.1% | -41.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.39 | $0.11 | ||
| Q2 25 | $0.15 | $0.16 | ||
| Q1 25 | $0.68 | $0.18 | ||
| Q4 24 | $0.54 | $0.08 | ||
| Q3 24 | $0.55 | $0.36 | ||
| Q2 24 | $0.58 | $0.00 | ||
| Q1 24 | $0.42 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | $16.0K | $126.7M |
| Stockholders' EquityBook value | $1.1B | $-29.7M |
| Total Assets | $1.8B | $296.3M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | $575.8M | $32.4M | ||
| Q2 25 | $558.4M | $34.2M | ||
| Q1 25 | $642.2M | $21.6M | ||
| Q4 24 | $640.7M | $29.0M | ||
| Q3 24 | $606.4M | $23.4M | ||
| Q2 24 | $559.9M | $23.4M | ||
| Q1 24 | $521.5M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | $16.0K | — | ||
| Q2 25 | $19.0K | — | ||
| Q1 25 | $21.0K | — | ||
| Q4 24 | $25.0K | $70.7M | ||
| Q3 24 | $28.0K | $50.8M | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $2.7M | — |
| Q4 25 | — | $-29.7M | ||
| Q3 25 | $1.1B | $-26.9M | ||
| Q2 25 | $1.1B | $-15.6M | ||
| Q1 25 | $1.1B | $1.3M | ||
| Q4 24 | $1.1B | $20.2M | ||
| Q3 24 | $1.1B | $28.0M | ||
| Q2 24 | $1.0B | $66.4M | ||
| Q1 24 | $1.0B | $65.5M |
| Q4 25 | — | $296.3M | ||
| Q3 25 | $1.8B | $302.1M | ||
| Q2 25 | $1.7B | $303.8M | ||
| Q1 25 | $1.7B | $293.8M | ||
| Q4 24 | $1.7B | $307.8M | ||
| Q3 24 | $1.6B | $309.3M | ||
| Q2 24 | $1.6B | $362.1M | ||
| Q1 24 | $1.6B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 3.50× | ||
| Q3 24 | 0.00× | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $25.2M | $-7.8M |
| FCF MarginFCF / Revenue | 12.0% | -5.5% |
| Capex IntensityCapex / Revenue | 11.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $50.1M | $-968.0K | ||
| Q2 25 | $31.5M | $-4.0M | ||
| Q1 25 | $78.5M | $-23.1M | ||
| Q4 24 | $68.4M | $6.8M | ||
| Q3 24 | $75.1M | $1.1M | ||
| Q2 24 | $76.5M | $-8.9M | ||
| Q1 24 | $41.5M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | $25.2M | $-1.8M | ||
| Q2 25 | $-29.1M | $-7.0M | ||
| Q1 25 | $43.3M | $-25.3M | ||
| Q4 24 | $25.2M | $5.7M | ||
| Q3 24 | $50.7M | $101.0K | ||
| Q2 24 | $56.5M | $-11.0M | ||
| Q1 24 | $-1.8M | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | 12.0% | -1.5% | ||
| Q2 25 | -13.8% | -6.6% | ||
| Q1 25 | 20.4% | -24.3% | ||
| Q4 24 | 11.3% | 4.4% | ||
| Q3 24 | 24.0% | 0.1% | ||
| Q2 24 | 26.0% | -9.2% | ||
| Q1 24 | -0.8% | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 11.8% | 0.7% | ||
| Q2 25 | 28.7% | 2.8% | ||
| Q1 25 | 16.6% | 2.2% | ||
| Q4 24 | 19.4% | 0.8% | ||
| Q3 24 | 11.6% | 0.9% | ||
| Q2 24 | 9.2% | 1.7% | ||
| Q1 24 | 20.0% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.11× | -330.22× | ||
| Q1 24 | 1.59× | — |
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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
