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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Portillo's Inc. (PTLO). Click either name above to swap in a different company.

PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $185.7M, roughly 1.1× Portillo's Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs 3.4%, a 7.5% gap on every dollar of revenue. On growth, Portillo's Inc. posted the faster year-over-year revenue change (0.6% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-9.2M). Over the past eight quarters, Portillo's Inc.'s revenue compounded faster (5.8% 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.

Portillo's Restaurant Group, Inc. is an American fast casual restaurant chain based in the Chicago area that specializes in serving Chicago-style food such as hot dogs, Maxwell Street Polish, and Italian beef. The company was founded by Dick Portillo on April 9, 1963, in Villa Park, Illinois, under the name "The Dog House".

PLAB vs PTLO — Head-to-Head

Bigger by revenue
PLAB
PLAB
1.1× larger
PLAB
$210.4M
$185.7M
PTLO
Growing faster (revenue YoY)
PTLO
PTLO
+6.1% gap
PTLO
0.6%
-5.5%
PLAB
Higher net margin
PLAB
PLAB
7.5% more per $
PLAB
10.9%
3.4%
PTLO
More free cash flow
PLAB
PLAB
$34.4M more FCF
PLAB
$25.2M
$-9.2M
PTLO
Faster 2-yr revenue CAGR
PTLO
PTLO
Annualised
PTLO
5.8%
-3.8%
PLAB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLAB
PLAB
PTLO
PTLO
Revenue
$210.4M
$185.7M
Net Profit
$22.9M
$6.3M
Gross Margin
33.7%
Operating Margin
22.9%
5.6%
Net Margin
10.9%
3.4%
Revenue YoY
-5.5%
0.6%
Net Profit YoY
-32.4%
-49.5%
EPS (diluted)
$0.39
$0.08

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
PTLO
PTLO
Q4 25
$185.7M
Q3 25
$210.4M
$181.4M
Q2 25
$211.0M
$188.5M
Q1 25
$212.1M
$176.4M
Q4 24
$222.6M
$184.6M
Q3 24
$211.0M
$178.3M
Q2 24
$217.0M
$181.9M
Q1 24
$216.3M
$165.8M
Net Profit
PLAB
PLAB
PTLO
PTLO
Q4 25
$6.3M
Q3 25
$22.9M
$1.2M
Q2 25
$8.9M
$8.7M
Q1 25
$42.9M
$3.3M
Q4 24
$33.9M
$12.4M
Q3 24
$34.4M
$7.2M
Q2 24
$36.3M
$6.5M
Q1 24
$26.2M
$4.6M
Gross Margin
PLAB
PLAB
PTLO
PTLO
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
PTLO
PTLO
Q4 25
5.6%
Q3 25
22.9%
3.0%
Q2 25
26.4%
9.3%
Q1 25
24.6%
5.9%
Q4 24
25.1%
7.5%
Q3 24
24.7%
9.0%
Q2 24
25.8%
10.0%
Q1 24
26.6%
6.1%
Net Margin
PLAB
PLAB
PTLO
PTLO
Q4 25
3.4%
Q3 25
10.9%
0.7%
Q2 25
4.2%
4.6%
Q1 25
20.2%
1.9%
Q4 24
15.2%
6.7%
Q3 24
16.3%
4.1%
Q2 24
16.7%
3.6%
Q1 24
12.1%
2.8%
EPS (diluted)
PLAB
PLAB
PTLO
PTLO
Q4 25
$0.08
Q3 25
$0.39
$0.02
Q2 25
$0.15
$0.12
Q1 25
$0.68
$0.05
Q4 24
$0.54
$0.17
Q3 24
$0.55
$0.11
Q2 24
$0.58
$0.10
Q1 24
$0.42
$0.08

Balance Sheet & Financial Strength

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

Metric
PLAB
PLAB
PTLO
PTLO
Cash + ST InvestmentsLiquidity on hand
$575.8M
Total DebtLower is stronger
$16.0K
$334.2M
Stockholders' EquityBook value
$1.1B
$467.8M
Total Assets
$1.8B
$1.6B
Debt / EquityLower = less leverage
0.00×
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLAB
PLAB
PTLO
PTLO
Q4 25
Q3 25
$575.8M
Q2 25
$558.4M
Q1 25
$642.2M
Q4 24
$640.7M
Q3 24
$606.4M
Q2 24
$559.9M
Q1 24
$521.5M
Total Debt
PLAB
PLAB
PTLO
PTLO
Q4 25
$334.2M
Q3 25
$16.0K
$322.6M
Q2 25
$19.0K
$317.0M
Q1 25
$21.0K
$319.8M
Q4 24
$25.0K
$311.7M
Q3 24
$28.0K
$302.2M
Q2 24
$2.5M
$305.1M
Q1 24
$2.7M
$321.7M
Stockholders' Equity
PLAB
PLAB
PTLO
PTLO
Q4 25
$467.8M
Q3 25
$1.1B
$459.4M
Q2 25
$1.1B
$458.9M
Q1 25
$1.1B
$406.9M
Q4 24
$1.1B
$401.1M
Q3 24
$1.1B
$382.4M
Q2 24
$1.0B
$370.2M
Q1 24
$1.0B
$360.5M
Total Assets
PLAB
PLAB
PTLO
PTLO
Q4 25
$1.6B
Q3 25
$1.8B
$1.6B
Q2 25
$1.7B
$1.6B
Q1 25
$1.7B
$1.5B
Q4 24
$1.7B
$1.5B
Q3 24
$1.6B
$1.5B
Q2 24
$1.6B
$1.4B
Q1 24
$1.6B
$1.4B
Debt / Equity
PLAB
PLAB
PTLO
PTLO
Q4 25
0.71×
Q3 25
0.00×
0.70×
Q2 25
0.00×
0.69×
Q1 25
0.00×
0.79×
Q4 24
0.00×
0.78×
Q3 24
0.00×
0.79×
Q2 24
0.00×
0.82×
Q1 24
0.00×
0.89×

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
PTLO
PTLO
Operating Cash FlowLast quarter
$50.1M
$23.2M
Free Cash FlowOCF − Capex
$25.2M
$-9.2M
FCF MarginFCF / Revenue
12.0%
-4.9%
Capex IntensityCapex / Revenue
11.8%
17.4%
Cash ConversionOCF / Net Profit
2.19×
3.69×
TTM Free Cash FlowTrailing 4 quarters
$64.5M
$-18.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLAB
PLAB
PTLO
PTLO
Q4 25
$23.2M
Q3 25
$50.1M
$20.0M
Q2 25
$31.5M
$19.2M
Q1 25
$78.5M
$9.4M
Q4 24
$68.4M
$26.1M
Q3 24
$75.1M
$30.3M
Q2 24
$76.5M
$32.6M
Q1 24
$41.5M
$9.1M
Free Cash Flow
PLAB
PLAB
PTLO
PTLO
Q4 25
$-9.2M
Q3 25
$25.2M
$-5.0M
Q2 25
$-29.1M
$5.2M
Q1 25
$43.3M
$-9.6M
Q4 24
$25.2M
$-5.6M
Q3 24
$50.7M
$7.7M
Q2 24
$56.5M
$15.6M
Q1 24
$-1.8M
$-7.9M
FCF Margin
PLAB
PLAB
PTLO
PTLO
Q4 25
-4.9%
Q3 25
12.0%
-2.7%
Q2 25
-13.8%
2.8%
Q1 25
20.4%
-5.4%
Q4 24
11.3%
-3.0%
Q3 24
24.0%
4.3%
Q2 24
26.0%
8.6%
Q1 24
-0.8%
-4.7%
Capex Intensity
PLAB
PLAB
PTLO
PTLO
Q4 25
17.4%
Q3 25
11.8%
13.8%
Q2 25
28.7%
7.5%
Q1 25
16.6%
10.8%
Q4 24
19.4%
17.2%
Q3 24
11.6%
12.7%
Q2 24
9.2%
9.3%
Q1 24
20.0%
10.2%
Cash Conversion
PLAB
PLAB
PTLO
PTLO
Q4 25
3.69×
Q3 25
2.19×
16.51×
Q2 25
3.55×
2.21×
Q1 25
1.83×
2.85×
Q4 24
2.02×
2.10×
Q3 24
2.18×
4.20×
Q2 24
2.11×
5.03×
Q1 24
1.59×
1.99×

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%

PTLO
PTLO

Segment breakdown not available.

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