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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and TENNANT CO (TNC). Click either name above to swap in a different company.
TENNANT CO is the larger business by last-quarter revenue ($291.6M vs $210.4M, roughly 1.4× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs -1.5%, a 12.4% gap on every dollar of revenue. On growth, PHOTRONICS INC posted the faster year-over-year revenue change (-5.5% vs -11.3%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $9.7M). Over the past eight quarters, TENNANT CO's revenue compounded faster (-3.2% 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.
The Tennant Company (TNC:NYQ) is a company with about 4000 employees that provides cleaning products. It is a company that is listed in the New York Stock Exchange.
PLAB vs TNC — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $291.6M |
| Net Profit | $22.9M | $-4.4M |
| Gross Margin | 33.7% | 34.6% |
| Operating Margin | 22.9% | -1.4% |
| Net Margin | 10.9% | -1.5% |
| Revenue YoY | -5.5% | -11.3% |
| Net Profit YoY | -32.4% | -166.7% |
| EPS (diluted) | $0.39 | $-0.21 |
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 | — | $291.6M | ||
| Q3 25 | $210.4M | $303.3M | ||
| Q2 25 | $211.0M | $318.6M | ||
| Q1 25 | $212.1M | $290.0M | ||
| Q4 24 | $222.6M | $328.9M | ||
| Q3 24 | $211.0M | $315.8M | ||
| Q2 24 | $217.0M | $331.0M | ||
| Q1 24 | $216.3M | $311.0M |
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $22.9M | $14.9M | ||
| Q2 25 | $8.9M | $20.2M | ||
| Q1 25 | $42.9M | $13.1M | ||
| Q4 24 | $33.9M | $6.6M | ||
| Q3 24 | $34.4M | $20.8M | ||
| Q2 24 | $36.3M | $27.9M | ||
| Q1 24 | $26.2M | $28.4M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | 33.7% | 42.7% | ||
| Q2 25 | 36.9% | 42.1% | ||
| Q1 25 | 35.6% | 41.4% | ||
| Q4 24 | 37.0% | 41.3% | ||
| Q3 24 | 35.6% | 42.4% | ||
| Q2 24 | 36.5% | 43.1% | ||
| Q1 24 | 36.6% | 44.2% |
| Q4 25 | — | -1.4% | ||
| Q3 25 | 22.9% | 7.4% | ||
| Q2 25 | 26.4% | 9.6% | ||
| Q1 25 | 24.6% | 6.8% | ||
| Q4 24 | 25.1% | 2.3% | ||
| Q3 24 | 24.7% | 9.7% | ||
| Q2 24 | 25.8% | 11.7% | ||
| Q1 24 | 26.6% | 12.1% |
| Q4 25 | — | -1.5% | ||
| Q3 25 | 10.9% | 4.9% | ||
| Q2 25 | 4.2% | 6.3% | ||
| Q1 25 | 20.2% | 4.5% | ||
| Q4 24 | 15.2% | 2.0% | ||
| Q3 24 | 16.3% | 6.6% | ||
| Q2 24 | 16.7% | 8.4% | ||
| Q1 24 | 12.1% | 9.1% |
| Q4 25 | — | $-0.21 | ||
| Q3 25 | $0.39 | $0.80 | ||
| Q2 25 | $0.15 | $1.08 | ||
| Q1 25 | $0.68 | $0.69 | ||
| Q4 24 | $0.54 | $0.35 | ||
| Q3 24 | $0.55 | $1.09 | ||
| Q2 24 | $0.58 | $1.45 | ||
| Q1 24 | $0.42 | $1.49 |
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 | $273.2M |
| Stockholders' EquityBook value | $1.1B | $601.6M |
| Total Assets | $1.8B | $1.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $521.5M | — |
| Q4 25 | — | $273.2M | ||
| Q3 25 | $16.0K | $238.3M | ||
| Q2 25 | $19.0K | $213.4M | ||
| Q1 25 | $21.0K | $213.3M | ||
| Q4 24 | $25.0K | $198.2M | ||
| Q3 24 | $28.0K | $208.6M | ||
| Q2 24 | $2.5M | $205.6M | ||
| Q1 24 | $2.7M | $207.4M |
| Q4 25 | — | $601.6M | ||
| Q3 25 | $1.1B | $640.9M | ||
| Q2 25 | $1.1B | $651.9M | ||
| Q1 25 | $1.1B | $624.4M | ||
| Q4 24 | $1.1B | $620.8M | ||
| Q3 24 | $1.1B | $647.2M | ||
| Q2 24 | $1.0B | $624.6M | ||
| Q1 24 | $1.0B | $614.6M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.8B | $1.3B | ||
| Q2 25 | $1.7B | $1.2B | ||
| Q1 25 | $1.7B | $1.2B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
| Q4 25 | — | 0.45× | ||
| Q3 25 | 0.00× | 0.37× | ||
| Q2 25 | 0.00× | 0.33× | ||
| Q1 25 | 0.00× | 0.34× | ||
| Q4 24 | 0.00× | 0.32× | ||
| Q3 24 | 0.00× | 0.32× | ||
| Q2 24 | 0.00× | 0.33× | ||
| Q1 24 | 0.00× | 0.34× |
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 | $14.2M |
| Free Cash FlowOCF − Capex | $25.2M | $9.7M |
| FCF MarginFCF / Revenue | 12.0% | 3.3% |
| Capex IntensityCapex / Revenue | 11.8% | 1.5% |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $14.2M | ||
| Q3 25 | $50.1M | $28.7M | ||
| Q2 25 | $31.5M | $22.5M | ||
| Q1 25 | $78.5M | $-400.0K | ||
| Q4 24 | $68.4M | $37.5M | ||
| Q3 24 | $75.1M | $30.7M | ||
| Q2 24 | $76.5M | $18.6M | ||
| Q1 24 | $41.5M | $2.9M |
| Q4 25 | — | $9.7M | ||
| Q3 25 | $25.2M | $22.3M | ||
| Q2 25 | $-29.1M | $18.7M | ||
| Q1 25 | $43.3M | $-7.4M | ||
| Q4 24 | $25.2M | $28.1M | ||
| Q3 24 | $50.7M | $26.4M | ||
| Q2 24 | $56.5M | $14.4M | ||
| Q1 24 | $-1.8M | $-100.0K |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 12.0% | 7.4% | ||
| Q2 25 | -13.8% | 5.9% | ||
| Q1 25 | 20.4% | -2.6% | ||
| Q4 24 | 11.3% | 8.5% | ||
| Q3 24 | 24.0% | 8.4% | ||
| Q2 24 | 26.0% | 4.4% | ||
| Q1 24 | -0.8% | -0.0% |
| Q4 25 | — | 1.5% | ||
| Q3 25 | 11.8% | 2.1% | ||
| Q2 25 | 28.7% | 1.2% | ||
| Q1 25 | 16.6% | 2.4% | ||
| Q4 24 | 19.4% | 2.9% | ||
| Q3 24 | 11.6% | 1.4% | ||
| Q2 24 | 9.2% | 1.3% | ||
| Q1 24 | 20.0% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | 1.93× | ||
| Q2 25 | 3.55× | 1.11× | ||
| Q1 25 | 1.83× | -0.03× | ||
| Q4 24 | 2.02× | 5.68× | ||
| Q3 24 | 2.18× | 1.48× | ||
| Q2 24 | 2.11× | 0.67× | ||
| Q1 24 | 1.59× | 0.10× |
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% |
TNC
| Equipment Sales | $165.5M | 57% |
| Parts And Consumables | $69.1M | 24% |
| Service And Other | $57.0M | 20% |
