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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and SUBURBAN PROPANE PARTNERS LP (SPH). Click either name above to swap in a different company.
SUBURBAN PROPANE PARTNERS LP is the larger business by last-quarter revenue ($370.4M vs $210.4M, roughly 1.8× PHOTRONICS INC). SUBURBAN PROPANE PARTNERS LP runs the higher net margin — 12.4% vs 10.9%, a 1.5% gap on every dollar of revenue. On growth, SUBURBAN PROPANE PARTNERS LP posted the faster year-over-year revenue change (-0.8% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-67.5M). Over the past eight quarters, PHOTRONICS INC's revenue compounded faster (-3.8% CAGR vs -13.8%).
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.
Suburban Propane Partners LP is a leading U.S. distributor of propane, natural gas, heating oil and related energy products, serving residential, commercial, industrial and agricultural customers across the country. It also provides HVAC system installation, maintenance and repair services, catering mainly to suburban and off-grid communities.
PLAB vs SPH — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $370.4M |
| Net Profit | $22.9M | $45.8M |
| Gross Margin | 33.7% | 64.7% |
| Operating Margin | 22.9% | 18.3% |
| Net Margin | 10.9% | 12.4% |
| Revenue YoY | -5.5% | -0.8% |
| Net Profit YoY | -32.4% | 135.7% |
| EPS (diluted) | $0.39 | $0.69 |
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 | — | $370.4M | ||
| Q3 25 | $210.4M | $211.4M | ||
| Q2 25 | $211.0M | $260.1M | ||
| Q1 25 | $212.1M | $587.7M | ||
| Q4 24 | $222.6M | $373.3M | ||
| Q3 24 | $211.0M | $208.6M | ||
| Q2 24 | $217.0M | $254.6M | ||
| Q1 24 | $216.3M | $498.1M |
| Q4 25 | — | $45.8M | ||
| Q3 25 | $22.9M | $-35.1M | ||
| Q2 25 | $8.9M | $-14.8M | ||
| Q1 25 | $42.9M | $137.1M | ||
| Q4 24 | $33.9M | $19.4M | ||
| Q3 24 | $34.4M | $-44.6M | ||
| Q2 24 | $36.3M | $-17.2M | ||
| Q1 24 | $26.2M | $111.5M |
| Q4 25 | — | 64.7% | ||
| Q3 25 | 33.7% | 64.7% | ||
| Q2 25 | 36.9% | 61.7% | ||
| Q1 25 | 35.6% | 58.8% | ||
| Q4 24 | 37.0% | 60.6% | ||
| Q3 24 | 35.6% | 59.4% | ||
| Q2 24 | 36.5% | 62.9% | ||
| Q1 24 | 36.6% | 61.8% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 22.9% | -7.9% | ||
| Q2 25 | 26.4% | 2.1% | ||
| Q1 25 | 24.6% | 27.0% | ||
| Q4 24 | 25.1% | 15.8% | ||
| Q3 24 | 24.7% | -10.8% | ||
| Q2 24 | 25.8% | 3.2% | ||
| Q1 24 | 26.6% | 27.5% |
| Q4 25 | — | 12.4% | ||
| Q3 25 | 10.9% | -16.6% | ||
| Q2 25 | 4.2% | -5.7% | ||
| Q1 25 | 20.2% | 23.3% | ||
| Q4 24 | 15.2% | 5.2% | ||
| Q3 24 | 16.3% | -21.4% | ||
| Q2 24 | 16.7% | -6.8% | ||
| Q1 24 | 12.1% | 22.4% |
| Q4 25 | — | $0.69 | ||
| Q3 25 | $0.39 | $-0.55 | ||
| Q2 25 | $0.15 | $-0.23 | ||
| Q1 25 | $0.68 | $2.10 | ||
| Q4 24 | $0.54 | $0.30 | ||
| Q3 24 | $0.55 | $-0.69 | ||
| Q2 24 | $0.58 | $-0.27 | ||
| Q1 24 | $0.42 | $1.72 |
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 | $1.3M |
| Total DebtLower is stronger | $16.0K | $1.3B |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $1.8B | $2.4B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3M | ||
| Q3 25 | $575.8M | $405.0K | ||
| Q2 25 | $558.4M | $1.3M | ||
| Q1 25 | $642.2M | $3.9M | ||
| Q4 24 | $640.7M | $4.4M | ||
| Q3 24 | $606.4M | $3.2M | ||
| Q2 24 | $559.9M | $4.9M | ||
| Q1 24 | $521.5M | $4.4M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $16.0K | $1.2B | ||
| Q2 25 | $19.0K | $1.2B | ||
| Q1 25 | $21.0K | $1.3B | ||
| Q4 24 | $25.0K | $1.3B | ||
| Q3 24 | $28.0K | $1.2B | ||
| Q2 24 | $2.5M | $1.2B | ||
| Q1 24 | $2.7M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | $1.0B | — |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $1.8B | $2.3B | ||
| Q2 25 | $1.7B | $2.3B | ||
| Q1 25 | $1.7B | $2.4B | ||
| Q4 24 | $1.7B | $2.4B | ||
| Q3 24 | $1.6B | $2.3B | ||
| Q2 24 | $1.6B | $2.3B | ||
| Q1 24 | $1.6B | $2.3B |
| 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 | $-47.7M |
| Free Cash FlowOCF − Capex | $25.2M | $-67.5M |
| FCF MarginFCF / Revenue | 12.0% | -18.2% |
| Capex IntensityCapex / Revenue | 11.8% | 5.3% |
| Cash ConversionOCF / Net Profit | 2.19× | -1.04× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $61.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-47.7M | ||
| Q3 25 | $50.1M | $41.8M | ||
| Q2 25 | $31.5M | $95.5M | ||
| Q1 25 | $78.5M | $40.1M | ||
| Q4 24 | $68.4M | $8.8M | ||
| Q3 24 | $75.1M | $36.8M | ||
| Q2 24 | $76.5M | $61.4M | ||
| Q1 24 | $41.5M | $75.1M |
| Q4 25 | — | $-67.5M | ||
| Q3 25 | $25.2M | $27.7M | ||
| Q2 25 | $-29.1M | $80.9M | ||
| Q1 25 | $43.3M | $20.8M | ||
| Q4 24 | $25.2M | $-15.1M | ||
| Q3 24 | $50.7M | $17.7M | ||
| Q2 24 | $56.5M | $46.8M | ||
| Q1 24 | $-1.8M | $60.6M |
| Q4 25 | — | -18.2% | ||
| Q3 25 | 12.0% | 13.1% | ||
| Q2 25 | -13.8% | 31.1% | ||
| Q1 25 | 20.4% | 3.5% | ||
| Q4 24 | 11.3% | -4.0% | ||
| Q3 24 | 24.0% | 8.5% | ||
| Q2 24 | 26.0% | 18.4% | ||
| Q1 24 | -0.8% | 12.2% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | 11.8% | 6.7% | ||
| Q2 25 | 28.7% | 5.6% | ||
| Q1 25 | 16.6% | 3.3% | ||
| Q4 24 | 19.4% | 6.4% | ||
| Q3 24 | 11.6% | 9.1% | ||
| Q2 24 | 9.2% | 5.8% | ||
| Q1 24 | 20.0% | 2.9% |
| Q4 25 | — | -1.04× | ||
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | — | ||
| Q1 25 | 1.83× | 0.29× | ||
| Q4 24 | 2.02× | 0.45× | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.59× | 0.67× |
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% |
SPH
| Propane | $326.4M | 88% |
| Other Sales Revenue Net | $19.9M | 5% |
| Fuel Oil And Refined Fuels | $18.2M | 5% |
| Natural Gas And Electricity | $5.9M | 2% |
| Wholesale | $4.1M | 1% |
