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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $210.4M, roughly 1.2× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs 1.4%, a 9.5% gap on every dollar of revenue. On growth, PHOTRONICS INC posted the faster year-over-year revenue change (-5.5% vs -9.4%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% 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.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
PLAB vs SDHC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $260.4M |
| Net Profit | $22.9M | $3.5M |
| Gross Margin | 33.7% | 19.9% |
| Operating Margin | 22.9% | 6.5% |
| Net Margin | 10.9% | 1.4% |
| Revenue YoY | -5.5% | -9.4% |
| Net Profit YoY | -32.4% | -14.3% |
| EPS (diluted) | $0.39 | $0.39 |
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 | — | $260.4M | ||
| Q3 25 | $210.4M | $262.0M | ||
| Q2 25 | $211.0M | $223.9M | ||
| Q1 25 | $212.1M | $224.7M | ||
| Q4 24 | $222.6M | $287.5M | ||
| Q3 24 | $211.0M | $277.8M | ||
| Q2 24 | $217.0M | $220.9M | ||
| Q1 24 | $216.3M | $189.2M |
| Q4 25 | — | $3.5M | ||
| Q3 25 | $22.9M | $2.1M | ||
| Q2 25 | $8.9M | $2.4M | ||
| Q1 25 | $42.9M | $2.7M | ||
| Q4 24 | $33.9M | $4.1M | ||
| Q3 24 | $34.4M | $5.3M | ||
| Q2 24 | $36.3M | $3.6M | ||
| Q1 24 | $26.2M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | 33.7% | 21.0% | ||
| Q2 25 | 36.9% | 23.2% | ||
| Q1 25 | 35.6% | 23.8% | ||
| Q4 24 | 37.0% | 25.5% | ||
| Q3 24 | 35.6% | 26.5% | ||
| Q2 24 | 36.5% | 26.7% | ||
| Q1 24 | 36.6% | 26.1% |
| Q4 25 | — | 6.5% | ||
| Q3 25 | 22.9% | 6.6% | ||
| Q2 25 | 26.4% | 7.7% | ||
| Q1 25 | 24.6% | 8.7% | ||
| Q4 24 | 25.1% | 10.4% | ||
| Q3 24 | 24.7% | 14.2% | ||
| Q2 24 | 25.8% | 11.7% | ||
| Q1 24 | 26.6% | 11.3% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 10.9% | 0.8% | ||
| Q2 25 | 4.2% | 1.1% | ||
| Q1 25 | 20.2% | 1.2% | ||
| Q4 24 | 15.2% | 1.4% | ||
| Q3 24 | 16.3% | 1.9% | ||
| Q2 24 | 16.7% | 1.7% | ||
| Q1 24 | 12.1% | 1.6% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | $0.39 | $0.24 | ||
| Q2 25 | $0.15 | $0.26 | ||
| Q1 25 | $0.68 | $0.30 | ||
| Q4 24 | $0.54 | $0.50 | ||
| Q3 24 | $0.55 | $0.58 | ||
| Q2 24 | $0.58 | $0.40 | ||
| Q1 24 | $0.42 | $0.33 |
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 | $12.7M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $86.7M |
| Total Assets | $1.8B | $557.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $12.7M | ||
| Q3 25 | $575.8M | $14.8M | ||
| Q2 25 | $558.4M | $16.8M | ||
| Q1 25 | $642.2M | $12.7M | ||
| Q4 24 | $640.7M | $22.4M | ||
| Q3 24 | $606.4M | $23.7M | ||
| Q2 24 | $559.9M | $17.3M | ||
| Q1 24 | $521.5M | $32.8M |
| 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 | — | $86.7M | ||
| Q3 25 | $1.1B | $82.2M | ||
| Q2 25 | $1.1B | $80.0M | ||
| Q1 25 | $1.1B | $76.9M | ||
| Q4 24 | $1.1B | $73.6M | ||
| Q3 24 | $1.1B | $68.4M | ||
| Q2 24 | $1.0B | $62.1M | ||
| Q1 24 | $1.0B | $59.7M |
| Q4 25 | — | $557.6M | ||
| Q3 25 | $1.8B | $571.6M | ||
| Q2 25 | $1.7B | $570.2M | ||
| Q1 25 | $1.7B | $513.9M | ||
| Q4 24 | $1.7B | $475.9M | ||
| Q3 24 | $1.6B | $460.1M | ||
| Q2 24 | $1.6B | $429.3M | ||
| Q1 24 | $1.6B | $401.3M |
| 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 | $9.8M |
| Free Cash FlowOCF − Capex | $25.2M | $8.7M |
| FCF MarginFCF / Revenue | 12.0% | 3.4% |
| Capex IntensityCapex / Revenue | 11.8% | 0.4% |
| Cash ConversionOCF / Net Profit | 2.19× | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.8M | ||
| Q3 25 | $50.1M | $22.8M | ||
| Q2 25 | $31.5M | $-28.9M | ||
| Q1 25 | $78.5M | $-34.9M | ||
| Q4 24 | $68.4M | $5.5M | ||
| Q3 24 | $75.1M | $22.9M | ||
| Q2 24 | $76.5M | $39.0K | ||
| Q1 24 | $41.5M | $-9.3M |
| Q4 25 | — | $8.7M | ||
| Q3 25 | $25.2M | $21.4M | ||
| Q2 25 | $-29.1M | $-31.1M | ||
| Q1 25 | $43.3M | $-35.9M | ||
| Q4 24 | $25.2M | $4.8M | ||
| Q3 24 | $50.7M | $22.3M | ||
| Q2 24 | $56.5M | $-2.1M | ||
| Q1 24 | $-1.8M | $-9.7M |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 12.0% | 8.2% | ||
| Q2 25 | -13.8% | -13.9% | ||
| Q1 25 | 20.4% | -16.0% | ||
| Q4 24 | 11.3% | 1.7% | ||
| Q3 24 | 24.0% | 8.0% | ||
| Q2 24 | 26.0% | -1.0% | ||
| Q1 24 | -0.8% | -5.1% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | 11.8% | 0.5% | ||
| Q2 25 | 28.7% | 0.9% | ||
| Q1 25 | 16.6% | 0.5% | ||
| Q4 24 | 19.4% | 0.2% | ||
| Q3 24 | 11.6% | 0.2% | ||
| Q2 24 | 9.2% | 1.0% | ||
| Q1 24 | 20.0% | 0.2% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | 2.19× | 10.70× | ||
| Q2 25 | 3.55× | -12.24× | ||
| Q1 25 | 1.83× | -13.01× | ||
| Q4 24 | 2.02× | 1.33× | ||
| Q3 24 | 2.18× | 4.28× | ||
| Q2 24 | 2.11× | 0.01× | ||
| Q1 24 | 1.59× | -3.12× |
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% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
