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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $210.4M, roughly 1.0× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs -62.0%, a 72.9% gap on every dollar of revenue. T1 Energy Inc. produced more free cash flow last quarter ($55.0M vs $25.2M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
PLAB vs TE — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $210.5M |
| Net Profit | $22.9M | $-130.6M |
| Gross Margin | 33.7% | 10.0% |
| Operating Margin | 22.9% | -45.0% |
| Net Margin | 10.9% | -62.0% |
| Revenue YoY | -5.5% | — |
| Net Profit YoY | -32.4% | -375.2% |
| EPS (diluted) | $0.39 | $-0.87 |
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.
| Q3 25 | $210.4M | $210.5M | ||
| Q2 25 | $211.0M | $132.8M | ||
| Q1 25 | $212.1M | $53.5M | ||
| Q4 24 | $222.6M | — | ||
| Q3 24 | $211.0M | $0 | ||
| Q2 24 | $217.0M | $0 | ||
| Q1 24 | $216.3M | $0 | ||
| Q4 23 | $227.5M | — |
| Q3 25 | $22.9M | $-130.6M | ||
| Q2 25 | $8.9M | $-31.9M | ||
| Q1 25 | $42.9M | $-16.2M | ||
| Q4 24 | $33.9M | — | ||
| Q3 24 | $34.4M | $-27.5M | ||
| Q2 24 | $36.3M | $-27.0M | ||
| Q1 24 | $26.2M | $-28.5M | ||
| Q4 23 | $44.6M | — |
| Q3 25 | 33.7% | 10.0% | ||
| Q2 25 | 36.9% | 24.7% | ||
| Q1 25 | 35.6% | 33.3% | ||
| Q4 24 | 37.0% | — | ||
| Q3 24 | 35.6% | — | ||
| Q2 24 | 36.5% | — | ||
| Q1 24 | 36.6% | — | ||
| Q4 23 | 37.3% | — |
| Q3 25 | 22.9% | -45.0% | ||
| Q2 25 | 26.4% | -22.0% | ||
| Q1 25 | 24.6% | -44.2% | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 24.7% | — | ||
| Q2 24 | 25.8% | — | ||
| Q1 24 | 26.6% | — | ||
| Q4 23 | 28.5% | — |
| Q3 25 | 10.9% | -62.0% | ||
| Q2 25 | 4.2% | -24.0% | ||
| Q1 25 | 20.2% | -30.4% | ||
| Q4 24 | 15.2% | — | ||
| Q3 24 | 16.3% | — | ||
| Q2 24 | 16.7% | — | ||
| Q1 24 | 12.1% | — | ||
| Q4 23 | 19.6% | — |
| Q3 25 | $0.39 | $-0.87 | ||
| Q2 25 | $0.15 | $-0.21 | ||
| Q1 25 | $0.68 | $-0.11 | ||
| Q4 24 | $0.54 | — | ||
| Q3 24 | $0.55 | $-0.20 | ||
| Q2 24 | $0.58 | $-0.19 | ||
| Q1 24 | $0.42 | $-0.20 | ||
| Q4 23 | $0.71 | — |
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 | $34.1M |
| Total DebtLower is stronger | $16.0K | $547.3M |
| Stockholders' EquityBook value | $1.1B | $96.9M |
| Total Assets | $1.8B | $1.4B |
| Debt / EquityLower = less leverage | 0.00× | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $575.8M | $34.1M | ||
| Q2 25 | $558.4M | $8.5M | ||
| Q1 25 | $642.2M | $48.9M | ||
| Q4 24 | $640.7M | — | ||
| Q3 24 | $606.4M | $181.9M | ||
| Q2 24 | $559.9M | $219.6M | ||
| Q1 24 | $521.5M | $249.9M | ||
| Q4 23 | $512.2M | — |
| Q3 25 | $16.0K | $547.3M | ||
| Q2 25 | $19.0K | $591.2M | ||
| Q1 25 | $21.0K | $603.2M | ||
| Q4 24 | $25.0K | — | ||
| Q3 24 | $28.0K | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $2.7M | $602.3M | ||
| Q4 23 | $18.0M | — |
| Q3 25 | $1.1B | $96.9M | ||
| Q2 25 | $1.1B | $183.9M | ||
| Q1 25 | $1.1B | $201.9M | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | $538.7M | ||
| Q2 24 | $1.0B | $561.6M | ||
| Q1 24 | $1.0B | $582.3M | ||
| Q4 23 | $975.0M | — |
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.7B | — | ||
| Q3 24 | $1.6B | $615.0M | ||
| Q2 24 | $1.6B | $644.4M | ||
| Q1 24 | $1.6B | $670.3M | ||
| Q4 23 | $1.5B | — |
| Q3 25 | 0.00× | 5.65× | ||
| Q2 25 | 0.00× | 3.21× | ||
| Q1 25 | 0.00× | 2.99× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | 1.03× | ||
| Q4 23 | 0.02× | — |
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 | $63.9M |
| Free Cash FlowOCF − Capex | $25.2M | $55.0M |
| FCF MarginFCF / Revenue | 12.0% | 26.1% |
| Capex IntensityCapex / Revenue | 11.8% | 4.2% |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $50.1M | $63.9M | ||
| Q2 25 | $31.5M | $33.4M | ||
| Q1 25 | $78.5M | $-44.8M | ||
| Q4 24 | $68.4M | — | ||
| Q3 24 | $75.1M | $-28.4M | ||
| Q2 24 | $76.5M | $-28.0M | ||
| Q1 24 | $41.5M | $-16.2M | ||
| Q4 23 | $106.6M | — |
| Q3 25 | $25.2M | $55.0M | ||
| Q2 25 | $-29.1M | $10.6M | ||
| Q1 25 | $43.3M | $-74.0M | ||
| Q4 24 | $25.2M | — | ||
| Q3 24 | $50.7M | $-34.0M | ||
| Q2 24 | $56.5M | $-35.6M | ||
| Q1 24 | $-1.8M | $-37.7M | ||
| Q4 23 | $54.1M | — |
| Q3 25 | 12.0% | 26.1% | ||
| Q2 25 | -13.8% | 8.0% | ||
| Q1 25 | 20.4% | -138.4% | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | 26.0% | — | ||
| Q1 24 | -0.8% | — | ||
| Q4 23 | 23.8% | — |
| Q3 25 | 11.8% | 4.2% | ||
| Q2 25 | 28.7% | 17.2% | ||
| Q1 25 | 16.6% | 54.5% | ||
| Q4 24 | 19.4% | — | ||
| Q3 24 | 11.6% | — | ||
| Q2 24 | 9.2% | — | ||
| Q1 24 | 20.0% | — | ||
| Q4 23 | 23.1% | — |
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.59× | — | ||
| Q4 23 | 2.39× | — |
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% |
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
