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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $164.7M, roughly 1.3× PTC THERAPEUTICS, INC.). PHOTRONICS INC runs the higher net margin — 10.9% vs -82.0%, a 92.8% gap on every dollar of revenue. On growth, PHOTRONICS INC posted the faster year-over-year revenue change (-5.5% vs -22.7%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-36.6M). Over the past eight quarters, PHOTRONICS INC's revenue compounded faster (-3.8% CAGR vs -11.5%).

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.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

PLAB vs PTCT — Head-to-Head

Bigger by revenue
PLAB
PLAB
1.3× larger
PLAB
$210.4M
$164.7M
PTCT
Growing faster (revenue YoY)
PLAB
PLAB
+17.3% gap
PLAB
-5.5%
-22.7%
PTCT
Higher net margin
PLAB
PLAB
92.8% more per $
PLAB
10.9%
-82.0%
PTCT
More free cash flow
PLAB
PLAB
$61.9M more FCF
PLAB
$25.2M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
PLAB
PLAB
Annualised
PLAB
-3.8%
-11.5%
PTCT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLAB
PLAB
PTCT
PTCT
Revenue
$210.4M
$164.7M
Net Profit
$22.9M
$-135.0M
Gross Margin
33.7%
Operating Margin
22.9%
-43.3%
Net Margin
10.9%
-82.0%
Revenue YoY
-5.5%
-22.7%
Net Profit YoY
-32.4%
-104.8%
EPS (diluted)
$0.39
$-1.63

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
PLAB
PLAB
PTCT
PTCT
Q4 25
$164.7M
Q3 25
$210.4M
$211.0M
Q2 25
$211.0M
$178.9M
Q1 25
$212.1M
$1.2B
Q4 24
$222.6M
$213.2M
Q3 24
$211.0M
$196.8M
Q2 24
$217.0M
$186.7M
Q1 24
$216.3M
$210.1M
Net Profit
PLAB
PLAB
PTCT
PTCT
Q4 25
$-135.0M
Q3 25
$22.9M
$15.9M
Q2 25
$8.9M
$-64.8M
Q1 25
$42.9M
$866.6M
Q4 24
$33.9M
$-65.9M
Q3 24
$34.4M
$-106.7M
Q2 24
$36.3M
$-99.2M
Q1 24
$26.2M
$-91.6M
Gross Margin
PLAB
PLAB
PTCT
PTCT
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
PLAB
PLAB
PTCT
PTCT
Q4 25
-43.3%
Q3 25
22.9%
1.4%
Q2 25
26.4%
-19.5%
Q1 25
24.6%
82.5%
Q4 24
25.1%
-76.2%
Q3 24
24.7%
-27.7%
Q2 24
25.8%
-21.5%
Q1 24
26.6%
-21.6%
Net Margin
PLAB
PLAB
PTCT
PTCT
Q4 25
-82.0%
Q3 25
10.9%
7.5%
Q2 25
4.2%
-36.3%
Q1 25
20.2%
73.7%
Q4 24
15.2%
-30.9%
Q3 24
16.3%
-54.2%
Q2 24
16.7%
-53.1%
Q1 24
12.1%
-43.6%
EPS (diluted)
PLAB
PLAB
PTCT
PTCT
Q4 25
$-1.63
Q3 25
$0.39
$0.20
Q2 25
$0.15
$-0.83
Q1 25
$0.68
$10.04
Q4 24
$0.54
$-0.85
Q3 24
$0.55
$-1.39
Q2 24
$0.58
$-1.29
Q1 24
$0.42
$-1.20

Balance Sheet & Financial Strength

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

Metric
PLAB
PLAB
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$575.8M
$1.9B
Total DebtLower is stronger
$16.0K
Stockholders' EquityBook value
$1.1B
$-205.3M
Total Assets
$1.8B
$2.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLAB
PLAB
PTCT
PTCT
Q4 25
$1.9B
Q3 25
$575.8M
$1.7B
Q2 25
$558.4M
$2.0B
Q1 25
$642.2M
$2.0B
Q4 24
$640.7M
$1.1B
Q3 24
$606.4M
$1.0B
Q2 24
$559.9M
$1.1B
Q1 24
$521.5M
$884.8M
Total Debt
PLAB
PLAB
PTCT
PTCT
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
Stockholders' Equity
PLAB
PLAB
PTCT
PTCT
Q4 25
$-205.3M
Q3 25
$1.1B
$-155.8M
Q2 25
$1.1B
$-206.5M
Q1 25
$1.1B
$-185.8M
Q4 24
$1.1B
$-1.1B
Q3 24
$1.1B
$-1.1B
Q2 24
$1.0B
$-980.2M
Q1 24
$1.0B
$-893.9M
Total Assets
PLAB
PLAB
PTCT
PTCT
Q4 25
$2.9B
Q3 25
$1.8B
$2.6B
Q2 25
$1.7B
$2.6B
Q1 25
$1.7B
$2.7B
Q4 24
$1.7B
$1.7B
Q3 24
$1.6B
$1.8B
Q2 24
$1.6B
$1.9B
Q1 24
$1.6B
$1.8B
Debt / Equity
PLAB
PLAB
PTCT
PTCT
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
PLAB
PLAB
PTCT
PTCT
Operating Cash FlowLast quarter
$50.1M
$-34.3M
Free Cash FlowOCF − Capex
$25.2M
$-36.6M
FCF MarginFCF / Revenue
12.0%
-22.3%
Capex IntensityCapex / Revenue
11.8%
1.4%
Cash ConversionOCF / Net Profit
2.19×
TTM Free Cash FlowTrailing 4 quarters
$64.5M
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLAB
PLAB
PTCT
PTCT
Q4 25
$-34.3M
Q3 25
$50.1M
$-66.3M
Q2 25
$31.5M
$-58.3M
Q1 25
$78.5M
$870.1M
Q4 24
$68.4M
$-30.0M
Q3 24
$75.1M
$-77.0M
Q2 24
$76.5M
$-71.5M
Q1 24
$41.5M
$70.8M
Free Cash Flow
PLAB
PLAB
PTCT
PTCT
Q4 25
$-36.6M
Q3 25
$25.2M
$-69.7M
Q2 25
$-29.1M
$-59.6M
Q1 25
$43.3M
$868.4M
Q4 24
$25.2M
$-33.8M
Q3 24
$50.7M
$-77.5M
Q2 24
$56.5M
$-78.8M
Q1 24
$-1.8M
$61.2M
FCF Margin
PLAB
PLAB
PTCT
PTCT
Q4 25
-22.3%
Q3 25
12.0%
-33.1%
Q2 25
-13.8%
-33.3%
Q1 25
20.4%
73.8%
Q4 24
11.3%
-15.8%
Q3 24
24.0%
-39.4%
Q2 24
26.0%
-42.2%
Q1 24
-0.8%
29.1%
Capex Intensity
PLAB
PLAB
PTCT
PTCT
Q4 25
1.4%
Q3 25
11.8%
1.6%
Q2 25
28.7%
0.7%
Q1 25
16.6%
0.1%
Q4 24
19.4%
1.8%
Q3 24
11.6%
0.3%
Q2 24
9.2%
4.0%
Q1 24
20.0%
4.6%
Cash Conversion
PLAB
PLAB
PTCT
PTCT
Q4 25
Q3 25
2.19×
-4.17×
Q2 25
3.55×
Q1 25
1.83×
1.00×
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

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%

PTCT
PTCT

Segment breakdown not available.

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