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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Tecnoglass Inc. (TGLS). Click either name above to swap in a different company.
Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $210.4M, roughly 1.2× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs 10.6%, a 0.2% gap on every dollar of revenue. On growth, Tecnoglass Inc. posted the faster year-over-year revenue change (2.4% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% 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.
Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.
PLAB vs TGLS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $245.3M |
| Net Profit | $22.9M | $26.1M |
| Gross Margin | 33.7% | 40.0% |
| Operating Margin | 22.9% | 18.3% |
| Net Margin | 10.9% | 10.6% |
| Revenue YoY | -5.5% | 2.4% |
| Net Profit YoY | -32.4% | -44.5% |
| EPS (diluted) | $0.39 | $0.57 |
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 | — | $245.3M | ||
| Q3 25 | $210.4M | $260.5M | ||
| Q2 25 | $211.0M | $255.5M | ||
| Q1 25 | $212.1M | $222.3M | ||
| Q4 24 | $222.6M | $239.6M | ||
| Q3 24 | $211.0M | $238.3M | ||
| Q2 24 | $217.0M | $219.7M | ||
| Q1 24 | $216.3M | $192.6M |
| Q4 25 | — | $26.1M | ||
| Q3 25 | $22.9M | $47.2M | ||
| Q2 25 | $8.9M | $44.1M | ||
| Q1 25 | $42.9M | $42.2M | ||
| Q4 24 | $33.9M | $47.0M | ||
| Q3 24 | $34.4M | $49.5M | ||
| Q2 24 | $36.3M | $35.0M | ||
| Q1 24 | $26.2M | $29.7M |
| Q4 25 | — | 40.0% | ||
| Q3 25 | 33.7% | 42.7% | ||
| Q2 25 | 36.9% | 44.7% | ||
| Q1 25 | 35.6% | 43.9% | ||
| Q4 24 | 37.0% | 44.5% | ||
| Q3 24 | 35.6% | 45.8% | ||
| Q2 24 | 36.5% | 40.8% | ||
| Q1 24 | 36.6% | 38.8% |
| Q4 25 | — | 18.3% | ||
| Q3 25 | 22.9% | 25.1% | ||
| Q2 25 | 26.4% | 24.0% | ||
| Q1 25 | 24.6% | 26.7% | ||
| Q4 24 | 25.1% | 28.0% | ||
| Q3 24 | 24.7% | 28.4% | ||
| Q2 24 | 25.8% | 23.3% | ||
| Q1 24 | 26.6% | 21.3% |
| Q4 25 | — | 10.6% | ||
| Q3 25 | 10.9% | 18.1% | ||
| Q2 25 | 4.2% | 17.3% | ||
| Q1 25 | 20.2% | 19.0% | ||
| Q4 24 | 15.2% | 19.6% | ||
| Q3 24 | 16.3% | 20.8% | ||
| Q2 24 | 16.7% | 15.9% | ||
| Q1 24 | 12.1% | 15.4% |
| Q4 25 | — | $0.57 | ||
| Q3 25 | $0.39 | $1.01 | ||
| Q2 25 | $0.15 | $0.94 | ||
| Q1 25 | $0.68 | $0.90 | ||
| Q4 24 | $0.54 | $1.00 | ||
| Q3 24 | $0.55 | $1.05 | ||
| Q2 24 | $0.58 | $0.75 | ||
| Q1 24 | $0.42 | $0.63 |
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 | $104.1M |
| Total DebtLower is stronger | $16.0K | $174.4M |
| Stockholders' EquityBook value | $1.1B | $713.1M |
| Total Assets | $1.8B | $1.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | $575.8M | $127.1M | ||
| Q2 25 | $558.4M | $140.9M | ||
| Q1 25 | $642.2M | $160.2M | ||
| Q4 24 | $640.7M | $137.5M | ||
| Q3 24 | $606.4M | $124.8M | ||
| Q2 24 | $559.9M | $129.5M | ||
| Q1 24 | $521.5M | $138.8M |
| Q4 25 | — | $174.4M | ||
| Q3 25 | $16.0K | $114.7M | ||
| Q2 25 | $19.0K | $110.6M | ||
| Q1 25 | $21.0K | $110.6M | ||
| Q4 24 | $25.0K | $111.1M | ||
| Q3 24 | $28.0K | $126.8M | ||
| Q2 24 | $2.5M | $144.7M | ||
| Q1 24 | $2.7M | $160.9M |
| Q4 25 | — | $713.1M | ||
| Q3 25 | $1.1B | $764.0M | ||
| Q2 25 | $1.1B | $736.0M | ||
| Q1 25 | $1.1B | $685.1M | ||
| Q4 24 | $1.1B | $631.2M | ||
| Q3 24 | $1.1B | $613.3M | ||
| Q2 24 | $1.0B | $574.8M | ||
| Q1 24 | $1.0B | $573.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.8B | $1.2B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.0B | ||
| Q3 24 | $1.6B | $996.3M | ||
| Q2 24 | $1.6B | $942.5M | ||
| Q1 24 | $1.6B | $981.6M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | 0.00× | 0.15× | ||
| Q2 25 | 0.00× | 0.15× | ||
| Q1 25 | 0.00× | 0.16× | ||
| Q4 24 | 0.00× | 0.18× | ||
| Q3 24 | 0.00× | 0.21× | ||
| Q2 24 | 0.00× | 0.25× | ||
| Q1 24 | 0.00× | 0.28× |
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 | $31.0M |
| Free Cash FlowOCF − Capex | $25.2M | $11.4M |
| FCF MarginFCF / Revenue | 12.0% | 4.7% |
| Capex IntensityCapex / Revenue | 11.8% | 8.0% |
| Cash ConversionOCF / Net Profit | 2.19× | 1.19× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $31.0M | ||
| Q3 25 | $50.1M | $40.0M | ||
| Q2 25 | $31.5M | $17.9M | ||
| Q1 25 | $78.5M | $46.9M | ||
| Q4 24 | $68.4M | $61.1M | ||
| Q3 24 | $75.1M | $41.5M | ||
| Q2 24 | $76.5M | $34.5M | ||
| Q1 24 | $41.5M | $33.4M |
| Q4 25 | — | $11.4M | ||
| Q3 25 | $25.2M | $21.2M | ||
| Q2 25 | $-29.1M | $-14.7M | ||
| Q1 25 | $43.3M | $16.5M | ||
| Q4 24 | $25.2M | $35.4M | ||
| Q3 24 | $50.7M | $17.8M | ||
| Q2 24 | $56.5M | $14.2M | ||
| Q1 24 | $-1.8M | $23.6M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | 12.0% | 8.2% | ||
| Q2 25 | -13.8% | -5.7% | ||
| Q1 25 | 20.4% | 7.4% | ||
| Q4 24 | 11.3% | 14.8% | ||
| Q3 24 | 24.0% | 7.5% | ||
| Q2 24 | 26.0% | 6.5% | ||
| Q1 24 | -0.8% | 12.2% |
| Q4 25 | — | 8.0% | ||
| Q3 25 | 11.8% | 7.2% | ||
| Q2 25 | 28.7% | 12.7% | ||
| Q1 25 | 16.6% | 13.7% | ||
| Q4 24 | 19.4% | 10.7% | ||
| Q3 24 | 11.6% | 9.9% | ||
| Q2 24 | 9.2% | 9.2% | ||
| Q1 24 | 20.0% | 5.1% |
| Q4 25 | — | 1.19× | ||
| Q3 25 | 2.19× | 0.85× | ||
| Q2 25 | 3.55× | 0.41× | ||
| Q1 25 | 1.83× | 1.11× | ||
| Q4 24 | 2.02× | 1.30× | ||
| Q3 24 | 2.18× | 0.84× | ||
| Q2 24 | 2.11× | 0.98× | ||
| Q1 24 | 1.59× | 1.13× |
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% |
TGLS
| Product Sales | $164.2M | 67% |
| Fixed Price Contracts | $81.1M | 33% |
| Related Party | $692.0K | 0% |
