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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $124.7M, roughly 1.7× SMITH & WESSON BRANDS, INC.). PHOTRONICS INC runs the higher net margin — 10.9% vs 1.5%, a 9.3% gap on every dollar of revenue. On growth, SMITH & WESSON BRANDS, INC. posted the faster year-over-year revenue change (-3.9% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $16.3M). Over the past eight quarters, PHOTRONICS INC's revenue compounded faster (-3.8% CAGR vs -4.8%).
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 SWBI — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $124.7M |
| Net Profit | $22.9M | $1.9M |
| Gross Margin | 33.7% | 24.3% |
| Operating Margin | 22.9% | 3.3% |
| Net Margin | 10.9% | 1.5% |
| Revenue YoY | -5.5% | -3.9% |
| Net Profit YoY | -32.4% | -53.6% |
| EPS (diluted) | $0.39 | $0.04 |
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 | — | $124.7M | ||
| Q3 25 | $210.4M | $85.1M | ||
| Q2 25 | $211.0M | $140.8M | ||
| Q1 25 | $212.1M | $115.9M | ||
| Q4 24 | $222.6M | $129.7M | ||
| Q3 24 | $211.0M | $88.3M | ||
| Q2 24 | $217.0M | $159.1M | ||
| Q1 24 | $216.3M | $137.5M |
| Q4 25 | — | $1.9M | ||
| Q3 25 | $22.9M | $-3.4M | ||
| Q2 25 | $8.9M | $8.6M | ||
| Q1 25 | $42.9M | $2.1M | ||
| Q4 24 | $33.9M | $4.5M | ||
| Q3 24 | $34.4M | $-1.9M | ||
| Q2 24 | $36.3M | $27.9M | ||
| Q1 24 | $26.2M | $7.9M |
| Q4 25 | — | 24.3% | ||
| Q3 25 | 33.7% | 25.9% | ||
| Q2 25 | 36.9% | 28.8% | ||
| Q1 25 | 35.6% | 24.1% | ||
| Q4 24 | 37.0% | 26.6% | ||
| Q3 24 | 35.6% | 27.4% | ||
| Q2 24 | 36.5% | 35.5% | ||
| Q1 24 | 36.6% | 28.7% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 22.9% | -3.5% | ||
| Q2 25 | 26.4% | 9.3% | ||
| Q1 25 | 24.6% | 4.1% | ||
| Q4 24 | 25.1% | 5.8% | ||
| Q3 24 | 24.7% | -1.7% | ||
| Q2 24 | 25.8% | 17.4% | ||
| Q1 24 | 26.6% | 8.2% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 10.9% | -4.0% | ||
| Q2 25 | 4.2% | 6.1% | ||
| Q1 25 | 20.2% | 1.8% | ||
| Q4 24 | 15.2% | 3.5% | ||
| Q3 24 | 16.3% | -2.1% | ||
| Q2 24 | 16.7% | 17.5% | ||
| Q1 24 | 12.1% | 5.7% |
| Q4 25 | — | $0.04 | ||
| Q3 25 | $0.39 | $-0.08 | ||
| Q2 25 | $0.15 | $0.19 | ||
| Q1 25 | $0.68 | $0.05 | ||
| Q4 24 | $0.54 | $0.10 | ||
| Q3 24 | $0.55 | $-0.04 | ||
| Q2 24 | $0.58 | $0.60 | ||
| Q1 24 | $0.42 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $363.2M |
| Total Assets | $1.8B | $548.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.4M | ||
| Q3 25 | $575.8M | $18.0M | ||
| Q2 25 | $558.4M | $25.2M | ||
| Q1 25 | $642.2M | $26.7M | ||
| Q4 24 | $640.7M | $39.1M | ||
| Q3 24 | $606.4M | $35.5M | ||
| Q2 24 | $559.9M | $60.8M | ||
| Q1 24 | $521.5M | $47.4M |
| 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 | — | $363.2M | ||
| Q3 25 | $1.1B | $364.4M | ||
| Q2 25 | $1.1B | $372.5M | ||
| Q1 25 | $1.1B | $366.9M | ||
| Q4 24 | $1.1B | $371.5M | ||
| Q3 24 | $1.1B | $380.0M | ||
| Q2 24 | $1.0B | $399.9M | ||
| Q1 24 | $1.0B | $376.4M |
| Q4 25 | — | $548.6M | ||
| Q3 25 | $1.8B | $554.6M | ||
| Q2 25 | $1.7B | $559.6M | ||
| Q1 25 | $1.7B | $578.9M | ||
| Q4 24 | $1.7B | $587.4M | ||
| Q3 24 | $1.6B | $571.3M | ||
| Q2 24 | $1.6B | $577.4M | ||
| Q1 24 | $1.6B | $570.6M |
| 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 | $27.3M |
| Free Cash FlowOCF − Capex | $25.2M | $16.3M |
| FCF MarginFCF / Revenue | 12.0% | 13.1% |
| Capex IntensityCapex / Revenue | 11.8% | 8.8% |
| Cash ConversionOCF / Net Profit | 2.19× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.3M | ||
| Q3 25 | $50.1M | $-8.1M | ||
| Q2 25 | $31.5M | $40.8M | ||
| Q1 25 | $78.5M | $-9.8M | ||
| Q4 24 | $68.4M | $-7.4M | ||
| Q3 24 | $75.1M | $-30.8M | ||
| Q2 24 | $76.5M | $43.7M | ||
| Q1 24 | $41.5M | $25.2M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | $25.2M | $-12.4M | ||
| Q2 25 | $-29.1M | $33.5M | ||
| Q1 25 | $43.3M | $-16.1M | ||
| Q4 24 | $25.2M | $-10.7M | ||
| Q3 24 | $50.7M | $-35.5M | ||
| Q2 24 | $56.5M | $38.2M | ||
| Q1 24 | $-1.8M | $7.0M |
| Q4 25 | — | 13.1% | ||
| Q3 25 | 12.0% | -14.6% | ||
| Q2 25 | -13.8% | 23.8% | ||
| Q1 25 | 20.4% | -13.9% | ||
| Q4 24 | 11.3% | -8.3% | ||
| Q3 24 | 24.0% | -40.2% | ||
| Q2 24 | 26.0% | 24.0% | ||
| Q1 24 | -0.8% | 5.1% |
| Q4 25 | — | 8.8% | ||
| Q3 25 | 11.8% | 5.0% | ||
| Q2 25 | 28.7% | 5.2% | ||
| Q1 25 | 16.6% | 5.4% | ||
| Q4 24 | 19.4% | 2.5% | ||
| Q3 24 | 11.6% | 5.3% | ||
| Q2 24 | 9.2% | 3.5% | ||
| Q1 24 | 20.0% | 13.2% |
| Q4 25 | — | 14.22× | ||
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | 4.73× | ||
| Q1 25 | 1.83× | -4.68× | ||
| Q4 24 | 2.02× | -1.63× | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.11× | 1.57× | ||
| Q1 24 | 1.59× | 3.20× |
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% |
SWBI
Segment breakdown not available.
