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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and TIDEWATER INC (TDW). Click either name above to swap in a different company.
TIDEWATER INC is the larger business by last-quarter revenue ($336.8M vs $210.4M, roughly 1.6× PHOTRONICS INC). TIDEWATER INC runs the higher net margin — 65.3% vs 10.9%, a 54.4% gap on every dollar of revenue. On growth, TIDEWATER INC posted the faster year-over-year revenue change (-2.4% vs -5.5%). TIDEWATER INC produced more free cash flow last quarter ($147.8M vs $25.2M). Over the past eight quarters, TIDEWATER INC's revenue compounded faster (2.4% 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.
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.
PLAB vs TDW — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $336.8M |
| Net Profit | $22.9M | $219.9M |
| Gross Margin | 33.7% | — |
| Operating Margin | 22.9% | 19.0% |
| Net Margin | 10.9% | 65.3% |
| Revenue YoY | -5.5% | -2.4% |
| Net Profit YoY | -32.4% | 495.8% |
| EPS (diluted) | $0.39 | $4.37 |
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 | — | $336.8M | ||
| Q3 25 | $210.4M | $341.1M | ||
| Q2 25 | $211.0M | $341.4M | ||
| Q1 25 | $212.1M | $333.4M | ||
| Q4 24 | $222.6M | $345.1M | ||
| Q3 24 | $211.0M | $340.4M | ||
| Q2 24 | $217.0M | $339.2M | ||
| Q1 24 | $216.3M | $321.2M |
| Q4 25 | — | $219.9M | ||
| Q3 25 | $22.9M | $-806.0K | ||
| Q2 25 | $8.9M | $72.9M | ||
| Q1 25 | $42.9M | $42.7M | ||
| Q4 24 | $33.9M | $36.9M | ||
| Q3 24 | $34.4M | $46.4M | ||
| Q2 24 | $36.3M | $50.4M | ||
| Q1 24 | $26.2M | $47.0M |
| 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 | — | 19.0% | ||
| Q3 25 | 22.9% | 18.4% | ||
| Q2 25 | 26.4% | 23.7% | ||
| Q1 25 | 24.6% | 22.5% | ||
| Q4 24 | 25.1% | 23.6% | ||
| Q3 24 | 24.7% | 20.6% | ||
| Q2 24 | 25.8% | 23.0% | ||
| Q1 24 | 26.6% | 25.5% |
| Q4 25 | — | 65.3% | ||
| Q3 25 | 10.9% | -0.2% | ||
| Q2 25 | 4.2% | 21.4% | ||
| Q1 25 | 20.2% | 12.8% | ||
| Q4 24 | 15.2% | 10.7% | ||
| Q3 24 | 16.3% | 13.6% | ||
| Q2 24 | 16.7% | 14.8% | ||
| Q1 24 | 12.1% | 14.6% |
| Q4 25 | — | $4.37 | ||
| Q3 25 | $0.39 | $-0.02 | ||
| Q2 25 | $0.15 | $1.46 | ||
| Q1 25 | $0.68 | $0.83 | ||
| Q4 24 | $0.54 | $0.70 | ||
| Q3 24 | $0.55 | $0.87 | ||
| Q2 24 | $0.58 | $0.94 | ||
| Q1 24 | $0.42 | $0.89 |
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 | $578.8M |
| Total DebtLower is stronger | $16.0K | $670.1M |
| Stockholders' EquityBook value | $1.1B | $1.4B |
| Total Assets | $1.8B | $2.4B |
| Debt / EquityLower = less leverage | 0.00× | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $578.8M | ||
| Q3 25 | $575.8M | $428.2M | ||
| Q2 25 | $558.4M | $369.4M | ||
| Q1 25 | $642.2M | $341.8M | ||
| Q4 24 | $640.7M | $324.9M | ||
| Q3 24 | $606.4M | $280.8M | ||
| Q2 24 | $559.9M | $315.9M | ||
| Q1 24 | $521.5M | $280.9M |
| Q4 25 | — | $670.1M | ||
| Q3 25 | $16.0K | — | ||
| Q2 25 | $19.0K | — | ||
| Q1 25 | $21.0K | — | ||
| Q4 24 | $25.0K | $647.9M | ||
| Q3 24 | $28.0K | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $2.7M | — |
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.1B | $1.1B | ||
| Q1 25 | $1.1B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $1.0B | $1.1B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $1.8B | $2.1B | ||
| Q2 25 | $1.7B | $2.1B | ||
| Q1 25 | $1.7B | $2.1B | ||
| Q4 24 | $1.7B | $2.1B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.6B | $2.1B | ||
| Q1 24 | $1.6B | $2.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | 0.58× | ||
| 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 | $153.0M |
| Free Cash FlowOCF − Capex | $25.2M | $147.8M |
| FCF MarginFCF / Revenue | 12.0% | 43.9% |
| Capex IntensityCapex / Revenue | 11.8% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.19× | 0.70× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $353.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $153.0M | ||
| Q3 25 | $50.1M | $54.7M | ||
| Q2 25 | $31.5M | $85.4M | ||
| Q1 25 | $78.5M | $86.0M | ||
| Q4 24 | $68.4M | $100.0M | ||
| Q3 24 | $75.1M | $49.0M | ||
| Q2 24 | $76.5M | $78.6M | ||
| Q1 24 | $41.5M | $54.8M |
| Q4 25 | — | $147.8M | ||
| Q3 25 | $25.2M | $49.6M | ||
| Q2 25 | $-29.1M | $80.2M | ||
| Q1 25 | $43.3M | $75.7M | ||
| Q4 24 | $25.2M | $95.5M | ||
| Q3 24 | $50.7M | $43.3M | ||
| Q2 24 | $56.5M | $72.3M | ||
| Q1 24 | $-1.8M | $43.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | 12.0% | 14.5% | ||
| Q2 25 | -13.8% | 23.5% | ||
| Q1 25 | 20.4% | 22.7% | ||
| Q4 24 | 11.3% | 27.7% | ||
| Q3 24 | 24.0% | 12.7% | ||
| Q2 24 | 26.0% | 21.3% | ||
| Q1 24 | -0.8% | 13.6% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 11.8% | 1.5% | ||
| Q2 25 | 28.7% | 1.5% | ||
| Q1 25 | 16.6% | 3.1% | ||
| Q4 24 | 19.4% | 1.3% | ||
| Q3 24 | 11.6% | 1.7% | ||
| Q2 24 | 9.2% | 1.9% | ||
| Q1 24 | 20.0% | 3.4% |
| Q4 25 | — | 0.70× | ||
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | 1.17× | ||
| Q1 25 | 1.83× | 2.02× | ||
| Q4 24 | 2.02× | 2.71× | ||
| Q3 24 | 2.18× | 1.06× | ||
| Q2 24 | 2.11× | 1.56× | ||
| Q1 24 | 1.59× | 1.16× |
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% |
TDW
Segment breakdown not available.
