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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $117.3M, roughly 1.8× Latham Group, Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs -7.3%, a 18.2% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (5.3% vs -5.5%). Over the past eight quarters, PHOTRONICS INC's revenue compounded faster (-3.8% CAGR vs -14.4%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
PLAB vs SWIM — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $117.3M |
| Net Profit | $22.9M | $-8.5M |
| Gross Margin | 33.7% | 31.7% |
| Operating Margin | 22.9% | — |
| Net Margin | 10.9% | -7.3% |
| Revenue YoY | -5.5% | 5.3% |
| Net Profit YoY | -32.4% | -43.1% |
| EPS (diluted) | $0.39 | $-0.07 |
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.
| Q1 26 | — | $117.3M | ||
| Q4 25 | — | $100.0M | ||
| Q3 25 | $210.4M | $161.9M | ||
| Q2 25 | $211.0M | $172.6M | ||
| Q1 25 | $212.1M | $111.4M | ||
| Q4 24 | $222.6M | $87.3M | ||
| Q3 24 | $211.0M | $150.5M | ||
| Q2 24 | $217.0M | $160.1M |
| Q1 26 | — | $-8.5M | ||
| Q4 25 | — | $-7.0M | ||
| Q3 25 | $22.9M | $8.1M | ||
| Q2 25 | $8.9M | $16.0M | ||
| Q1 25 | $42.9M | $-6.0M | ||
| Q4 24 | $33.9M | $-29.2M | ||
| Q3 24 | $34.4M | $5.9M | ||
| Q2 24 | $36.3M | $13.3M |
| Q1 26 | — | 31.7% | ||
| Q4 25 | — | 28.0% | ||
| Q3 25 | 33.7% | 35.4% | ||
| Q2 25 | 36.9% | 37.1% | ||
| Q1 25 | 35.6% | 29.5% | ||
| Q4 24 | 37.0% | 24.6% | ||
| Q3 24 | 35.6% | 32.4% | ||
| Q2 24 | 36.5% | 33.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | -10.7% | ||
| Q3 25 | 22.9% | 13.3% | ||
| Q2 25 | 26.4% | 14.3% | ||
| Q1 25 | 24.6% | -4.4% | ||
| Q4 24 | 25.1% | -14.9% | ||
| Q3 24 | 24.7% | 8.9% | ||
| Q2 24 | 25.8% | 12.5% |
| Q1 26 | — | -7.3% | ||
| Q4 25 | — | -7.0% | ||
| Q3 25 | 10.9% | 5.0% | ||
| Q2 25 | 4.2% | 9.3% | ||
| Q1 25 | 20.2% | -5.4% | ||
| Q4 24 | 15.2% | -33.4% | ||
| Q3 24 | 16.3% | 3.9% | ||
| Q2 24 | 16.7% | 8.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | — | $-0.06 | ||
| Q3 25 | $0.39 | $0.07 | ||
| Q2 25 | $0.15 | $0.13 | ||
| Q1 25 | $0.68 | $-0.05 | ||
| Q4 24 | $0.54 | $-0.24 | ||
| Q3 24 | $0.55 | $0.05 | ||
| Q2 24 | $0.58 | $0.11 |
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 | — |
| Total DebtLower is stronger | $16.0K | $3.3M |
| Stockholders' EquityBook value | $1.1B | $396.7M |
| Total Assets | $1.8B | $856.4M |
| Debt / EquityLower = less leverage | 0.00× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $575.8M | — | ||
| Q2 25 | $558.4M | — | ||
| Q1 25 | $642.2M | — | ||
| Q4 24 | $640.7M | — | ||
| Q3 24 | $606.4M | — | ||
| Q2 24 | $559.9M | — |
| Q1 26 | — | $3.3M | ||
| Q4 25 | — | $279.8M | ||
| Q3 25 | $16.0K | $281.1M | ||
| Q2 25 | $19.0K | $281.5M | ||
| Q1 25 | $21.0K | $306.9M | ||
| Q4 24 | $25.0K | $281.5M | ||
| Q3 24 | $28.0K | $282.8M | ||
| Q2 24 | $2.5M | $282.4M |
| Q1 26 | — | $396.7M | ||
| Q4 25 | — | $405.9M | ||
| Q3 25 | $1.1B | $408.4M | ||
| Q2 25 | $1.1B | $398.4M | ||
| Q1 25 | $1.1B | $381.1M | ||
| Q4 24 | $1.1B | $387.2M | ||
| Q3 24 | $1.1B | $416.6M | ||
| Q2 24 | $1.0B | $408.1M |
| Q1 26 | — | $856.4M | ||
| Q4 25 | — | $823.2M | ||
| Q3 25 | $1.8B | $844.4M | ||
| Q2 25 | $1.7B | $822.1M | ||
| Q1 25 | $1.7B | $824.6M | ||
| Q4 24 | $1.7B | $794.2M | ||
| Q3 24 | $1.6B | $853.4M | ||
| Q2 24 | $1.6B | $830.0M |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | 0.69× | ||
| Q3 25 | 0.00× | 0.69× | ||
| Q2 25 | 0.00× | 0.71× | ||
| Q1 25 | 0.00× | 0.81× | ||
| Q4 24 | 0.00× | 0.73× | ||
| Q3 24 | 0.00× | 0.68× | ||
| Q2 24 | 0.00× | 0.69× |
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 | — |
| FCF MarginFCF / Revenue | 12.0% | — |
| Capex IntensityCapex / Revenue | 11.8% | — |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-47.7M | ||
| Q4 25 | — | $23.3M | ||
| Q3 25 | $50.1M | $51.0M | ||
| Q2 25 | $31.5M | $36.0M | ||
| Q1 25 | $78.5M | $-46.9M | ||
| Q4 24 | $68.4M | $6.2M | ||
| Q3 24 | $75.1M | $37.2M | ||
| Q2 24 | $76.5M | $52.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.1M | ||
| Q3 25 | $25.2M | $45.2M | ||
| Q2 25 | $-29.1M | $29.1M | ||
| Q1 25 | $43.3M | $-50.3M | ||
| Q4 24 | $25.2M | $-98.0K | ||
| Q3 24 | $50.7M | $33.2M | ||
| Q2 24 | $56.5M | $47.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 14.1% | ||
| Q3 25 | 12.0% | 27.9% | ||
| Q2 25 | -13.8% | 16.8% | ||
| Q1 25 | 20.4% | -45.2% | ||
| Q4 24 | 11.3% | -0.1% | ||
| Q3 24 | 24.0% | 22.1% | ||
| Q2 24 | 26.0% | 29.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.2% | ||
| Q3 25 | 11.8% | 3.6% | ||
| Q2 25 | 28.7% | 4.0% | ||
| Q1 25 | 16.6% | 3.1% | ||
| Q4 24 | 19.4% | 7.2% | ||
| Q3 24 | 11.6% | 2.7% | ||
| Q2 24 | 9.2% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | 6.29× | ||
| Q2 25 | 3.55× | 2.25× | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | 6.32× | ||
| Q2 24 | 2.11× | 3.95× |
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% |
SWIM
Segment breakdown not available.
