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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $210.4M, roughly 1.0× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs 6.3%, a 4.6% gap on every dollar of revenue. On growth, Perella Weinberg Partners posted the faster year-over-year revenue change (-2.9% vs -5.5%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $25.2M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
PLAB vs PWP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $219.2M |
| Net Profit | $22.9M | $13.8M |
| Gross Margin | 33.7% | — |
| Operating Margin | 22.9% | 8.5% |
| Net Margin | 10.9% | 6.3% |
| Revenue YoY | -5.5% | -2.9% |
| Net Profit YoY | -32.4% | — |
| EPS (diluted) | $0.39 | $0.11 |
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 | — | $219.2M | ||
| Q3 25 | $210.4M | $164.6M | ||
| Q2 25 | $211.0M | $155.3M | ||
| Q1 25 | $212.1M | $211.8M | ||
| Q4 24 | $222.6M | $225.7M | ||
| Q3 24 | $211.0M | $278.2M | ||
| Q2 24 | $217.0M | $272.0M | ||
| Q1 24 | $216.3M | $102.1M |
| Q4 25 | — | $13.8M | ||
| Q3 25 | $22.9M | $6.0M | ||
| Q2 25 | $8.9M | $2.7M | ||
| Q1 25 | $42.9M | $17.3M | ||
| Q4 24 | $33.9M | — | ||
| Q3 24 | $34.4M | $16.4M | ||
| Q2 24 | $36.3M | $-66.0M | ||
| Q1 24 | $26.2M | $-35.8M |
| 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 | — | 8.5% | ||
| Q3 25 | 22.9% | 5.4% | ||
| Q2 25 | 26.4% | 5.8% | ||
| Q1 25 | 24.6% | 5.5% | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 24.7% | 12.9% | ||
| Q2 24 | 25.8% | -30.2% | ||
| Q1 24 | 26.6% | -52.4% |
| Q4 25 | — | 6.3% | ||
| Q3 25 | 10.9% | 3.6% | ||
| Q2 25 | 4.2% | 1.8% | ||
| Q1 25 | 20.2% | 8.2% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 16.3% | 5.9% | ||
| Q2 24 | 16.7% | -24.3% | ||
| Q1 24 | 12.1% | -35.1% |
| Q4 25 | — | $0.11 | ||
| Q3 25 | $0.39 | $0.08 | ||
| Q2 25 | $0.15 | $0.04 | ||
| Q1 25 | $0.68 | $0.24 | ||
| Q4 24 | $0.54 | — | ||
| Q3 24 | $0.55 | $0.24 | ||
| Q2 24 | $0.58 | $-1.21 | ||
| Q1 24 | $0.42 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $-127.4M |
| Total Assets | $1.8B | $797.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $255.9M | ||
| Q3 25 | $575.8M | $185.5M | ||
| Q2 25 | $558.4M | $145.0M | ||
| Q1 25 | $642.2M | $111.2M | ||
| Q4 24 | $640.7M | $407.4M | ||
| Q3 24 | $606.4M | $335.1M | ||
| Q2 24 | $559.9M | $185.3M | ||
| Q1 24 | $521.5M | $156.7M |
| 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 | — | $-127.4M | ||
| Q3 25 | $1.1B | $-302.4M | ||
| Q2 25 | $1.1B | $-318.4M | ||
| Q1 25 | $1.1B | $-323.1M | ||
| Q4 24 | $1.1B | $-421.4M | ||
| Q3 24 | $1.1B | $-360.8M | ||
| Q2 24 | $1.0B | $-283.0M | ||
| Q1 24 | $1.0B | $161.9M |
| Q4 25 | — | $797.6M | ||
| Q3 25 | $1.8B | $650.2M | ||
| Q2 25 | $1.7B | $606.7M | ||
| Q1 25 | $1.7B | $570.5M | ||
| Q4 24 | $1.7B | $876.8M | ||
| Q3 24 | $1.6B | $810.9M | ||
| Q2 24 | $1.6B | $645.5M | ||
| Q1 24 | $1.6B | $583.6M |
| 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 | $34.8M |
| Free Cash FlowOCF − Capex | $25.2M | $30.5M |
| FCF MarginFCF / Revenue | 12.0% | 13.9% |
| Capex IntensityCapex / Revenue | 11.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 2.19× | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $34.8M | ||
| Q3 25 | $50.1M | $59.2M | ||
| Q2 25 | $31.5M | $56.1M | ||
| Q1 25 | $78.5M | $-176.5M | ||
| Q4 24 | $68.4M | $223.4M | ||
| Q3 24 | $75.1M | $200.3M | ||
| Q2 24 | $76.5M | $90.0M | ||
| Q1 24 | $41.5M | $-206.3M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | $25.2M | $57.6M | ||
| Q2 25 | $-29.1M | $55.3M | ||
| Q1 25 | $43.3M | $-177.6M | ||
| Q4 24 | $25.2M | $207.0M | ||
| Q3 24 | $50.7M | $199.3M | ||
| Q2 24 | $56.5M | $83.7M | ||
| Q1 24 | $-1.8M | $-214.8M |
| Q4 25 | — | 13.9% | ||
| Q3 25 | 12.0% | 35.0% | ||
| Q2 25 | -13.8% | 35.6% | ||
| Q1 25 | 20.4% | -83.8% | ||
| Q4 24 | 11.3% | 91.7% | ||
| Q3 24 | 24.0% | 71.6% | ||
| Q2 24 | 26.0% | 30.8% | ||
| Q1 24 | -0.8% | -210.3% |
| Q4 25 | — | 2.0% | ||
| Q3 25 | 11.8% | 0.9% | ||
| Q2 25 | 28.7% | 0.5% | ||
| Q1 25 | 16.6% | 0.5% | ||
| Q4 24 | 19.4% | 7.3% | ||
| Q3 24 | 11.6% | 0.4% | ||
| Q2 24 | 9.2% | 2.3% | ||
| Q1 24 | 20.0% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | 2.19× | 9.85× | ||
| Q2 25 | 3.55× | 20.50× | ||
| Q1 25 | 1.83× | -10.18× | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | 12.23× | ||
| 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
| 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% |
PWP
Segment breakdown not available.
