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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Skyward Specialty Insurance Group, Inc. (SKWD). Click either name above to swap in a different company.
Skyward Specialty Insurance Group, Inc. is the larger business by last-quarter revenue ($385.6M vs $210.4M, roughly 1.8× PHOTRONICS INC). Skyward Specialty Insurance Group, Inc. runs the higher net margin — 11.2% vs 10.9%, a 0.3% gap on every dollar of revenue. On growth, Skyward Specialty Insurance Group, Inc. posted the faster year-over-year revenue change (26.7% vs -5.5%). Skyward Specialty Insurance Group, Inc. produced more free cash flow last quarter ($402.6M vs $25.2M). Over the past eight quarters, Skyward Specialty Insurance Group, Inc.'s revenue compounded faster (20.6% 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.
Skyward Specialty Insurance Group, Inc. is a specialty property and casualty insurance provider offering tailored coverage solutions including commercial auto, general liability, professional indemnity, and specialty property policies. It primarily serves small-to-medium enterprises and niche industry segments across the United States, focusing on underwriting complex, hard-to-place risks for underserved client groups.
PLAB vs SKWD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $385.6M |
| Net Profit | $22.9M | $43.2M |
| Gross Margin | 33.7% | — |
| Operating Margin | 22.9% | 14.2% |
| Net Margin | 10.9% | 11.2% |
| Revenue YoY | -5.5% | 26.7% |
| Net Profit YoY | -32.4% | 200.1% |
| EPS (diluted) | $0.39 | $1.03 |
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 | — | $385.6M | ||
| Q3 25 | $210.4M | $382.5M | ||
| Q2 25 | $211.0M | $319.9M | ||
| Q1 25 | $212.1M | $328.5M | ||
| Q4 24 | $222.6M | $304.4M | ||
| Q3 24 | $211.0M | $300.9M | ||
| Q2 24 | $217.0M | $279.9M | ||
| Q1 24 | $216.3M | $265.0M |
| Q4 25 | — | $43.2M | ||
| Q3 25 | $22.9M | $45.9M | ||
| Q2 25 | $8.9M | $38.8M | ||
| Q1 25 | $42.9M | $42.1M | ||
| Q4 24 | $33.9M | $14.4M | ||
| Q3 24 | $34.4M | $36.7M | ||
| Q2 24 | $36.3M | $31.0M | ||
| Q1 24 | $26.2M | $36.8M |
| 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 | — | 14.2% | ||
| Q3 25 | 22.9% | 15.8% | ||
| Q2 25 | 26.4% | 15.6% | ||
| Q1 25 | 24.6% | 15.7% | ||
| Q4 24 | 25.1% | 6.1% | ||
| Q3 24 | 24.7% | 15.6% | ||
| Q2 24 | 25.8% | 14.4% | ||
| Q1 24 | 26.6% | 17.7% |
| Q4 25 | — | 11.2% | ||
| Q3 25 | 10.9% | 12.0% | ||
| Q2 25 | 4.2% | 12.1% | ||
| Q1 25 | 20.2% | 12.8% | ||
| Q4 24 | 15.2% | 4.7% | ||
| Q3 24 | 16.3% | 12.2% | ||
| Q2 24 | 16.7% | 11.1% | ||
| Q1 24 | 12.1% | 13.9% |
| Q4 25 | — | $1.03 | ||
| Q3 25 | $0.39 | $1.10 | ||
| Q2 25 | $0.15 | $0.93 | ||
| Q1 25 | $0.68 | $1.01 | ||
| Q4 24 | $0.54 | $0.33 | ||
| Q3 24 | $0.55 | $0.89 | ||
| Q2 24 | $0.58 | $0.75 | ||
| Q1 24 | $0.42 | $0.90 |
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 | $168.5M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $1.0B |
| Total Assets | $1.8B | $4.8B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $168.5M | ||
| Q3 25 | $575.8M | $160.1M | ||
| Q2 25 | $558.4M | $136.6M | ||
| Q1 25 | $642.2M | $112.9M | ||
| Q4 24 | $640.7M | $121.6M | ||
| Q3 24 | $606.4M | $105.6M | ||
| Q2 24 | $559.9M | $73.0M | ||
| Q1 24 | $521.5M | $85.1M |
| 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 | — | $1.0B | ||
| Q3 25 | $1.1B | $961.4M | ||
| Q2 25 | $1.1B | $899.9M | ||
| Q1 25 | $1.1B | $850.7M | ||
| Q4 24 | $1.1B | $794.0M | ||
| Q3 24 | $1.1B | $797.5M | ||
| Q2 24 | $1.0B | $723.6M | ||
| Q1 24 | $1.0B | $692.3M |
| Q4 25 | — | $4.8B | ||
| Q3 25 | $1.8B | $4.6B | ||
| Q2 25 | $1.7B | $4.3B | ||
| Q1 25 | $1.7B | $4.0B | ||
| Q4 24 | $1.7B | $3.7B | ||
| Q3 24 | $1.6B | $3.6B | ||
| Q2 24 | $1.6B | $3.4B | ||
| Q1 24 | $1.6B | $3.2B |
| 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 | $408.1M |
| Free Cash FlowOCF − Capex | $25.2M | $402.6M |
| FCF MarginFCF / Revenue | 12.0% | 104.4% |
| Capex IntensityCapex / Revenue | 11.8% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.19× | 9.44× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $755.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $408.1M | ||
| Q3 25 | $50.1M | $171.4M | ||
| Q2 25 | $31.5M | $88.2M | ||
| Q1 25 | $78.5M | $96.8M | ||
| Q4 24 | $68.4M | $305.1M | ||
| Q3 24 | $75.1M | $168.0M | ||
| Q2 24 | $76.5M | $21.0M | ||
| Q1 24 | $41.5M | $94.3M |
| Q4 25 | — | $402.6M | ||
| Q3 25 | $25.2M | $168.9M | ||
| Q2 25 | $-29.1M | $87.1M | ||
| Q1 25 | $43.3M | $96.6M | ||
| Q4 24 | $25.2M | $300.9M | ||
| Q3 24 | $50.7M | $167.6M | ||
| Q2 24 | $56.5M | $18.4M | ||
| Q1 24 | $-1.8M | $94.0M |
| Q4 25 | — | 104.4% | ||
| Q3 25 | 12.0% | 44.2% | ||
| Q2 25 | -13.8% | 27.2% | ||
| Q1 25 | 20.4% | 29.4% | ||
| Q4 24 | 11.3% | 98.8% | ||
| Q3 24 | 24.0% | 55.7% | ||
| Q2 24 | 26.0% | 6.6% | ||
| Q1 24 | -0.8% | 35.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 11.8% | 0.6% | ||
| Q2 25 | 28.7% | 0.3% | ||
| Q1 25 | 16.6% | 0.1% | ||
| Q4 24 | 19.4% | 1.4% | ||
| Q3 24 | 11.6% | 0.1% | ||
| Q2 24 | 9.2% | 0.9% | ||
| Q1 24 | 20.0% | 0.1% |
| Q4 25 | — | 9.44× | ||
| Q3 25 | 2.19× | 3.73× | ||
| Q2 25 | 3.55× | 2.27× | ||
| Q1 25 | 1.83× | 2.30× | ||
| Q4 24 | 2.02× | 21.18× | ||
| Q3 24 | 2.18× | 4.58× | ||
| Q2 24 | 2.11× | 0.68× | ||
| Q1 24 | 1.59× | 2.56× |
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% |
SKWD
Segment breakdown not available.
