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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $210.4M, roughly 1.6× PHOTRONICS INC). TREX CO INC runs the higher net margin — 17.9% vs 10.9%, a 7.0% gap on every dollar of revenue. On growth, TREX CO INC posted the faster year-over-year revenue change (1.0% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-143.4M). Over the past eight quarters, PHOTRONICS INC's revenue compounded faster (-3.8% CAGR vs -4.5%).
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.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
PLAB vs TREX — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $343.4M |
| Net Profit | $22.9M | $61.4M |
| Gross Margin | 33.7% | 40.5% |
| Operating Margin | 22.9% | 24.3% |
| Net Margin | 10.9% | 17.9% |
| Revenue YoY | -5.5% | 1.0% |
| Net Profit YoY | -32.4% | 1.6% |
| EPS (diluted) | $0.39 | $0.58 |
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 | — | $343.4M | ||
| Q4 25 | — | $161.1M | ||
| Q3 25 | $210.4M | $285.3M | ||
| Q2 25 | $211.0M | $387.8M | ||
| Q1 25 | $212.1M | $340.0M | ||
| Q4 24 | $222.6M | $167.6M | ||
| Q3 24 | $211.0M | $233.7M | ||
| Q2 24 | $217.0M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | — | $2.3M | ||
| Q3 25 | $22.9M | $51.8M | ||
| Q2 25 | $8.9M | $75.9M | ||
| Q1 25 | $42.9M | $60.4M | ||
| Q4 24 | $33.9M | $9.8M | ||
| Q3 24 | $34.4M | $40.6M | ||
| Q2 24 | $36.3M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | — | 30.2% | ||
| Q3 25 | 33.7% | 40.5% | ||
| Q2 25 | 36.9% | 40.8% | ||
| Q1 25 | 35.6% | 40.5% | ||
| Q4 24 | 37.0% | 32.7% | ||
| Q3 24 | 35.6% | 39.9% | ||
| Q2 24 | 36.5% | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | — | 2.2% | ||
| Q3 25 | 22.9% | 24.7% | ||
| Q2 25 | 26.4% | 26.4% | ||
| Q1 25 | 24.6% | 24.0% | ||
| Q4 24 | 25.1% | 9.2% | ||
| Q3 24 | 24.7% | 23.2% | ||
| Q2 24 | 25.8% | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | 10.9% | 18.1% | ||
| Q2 25 | 4.2% | 19.6% | ||
| Q1 25 | 20.2% | 17.8% | ||
| Q4 24 | 15.2% | 5.8% | ||
| Q3 24 | 16.3% | 17.4% | ||
| Q2 24 | 16.7% | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.39 | $0.48 | ||
| Q2 25 | $0.15 | $0.71 | ||
| Q1 25 | $0.68 | $0.56 | ||
| Q4 24 | $0.54 | $0.10 | ||
| Q3 24 | $0.55 | $0.37 | ||
| Q2 24 | $0.58 | $0.80 |
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 | $4.5M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $995.8M |
| Total Assets | $1.8B | $1.7B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $3.8M | ||
| Q3 25 | $575.8M | $11.4M | ||
| Q2 25 | $558.4M | $5.5M | ||
| Q1 25 | $642.2M | $5.0M | ||
| Q4 24 | $640.7M | $1.3M | ||
| Q3 24 | $606.4M | $12.8M | ||
| Q2 24 | $559.9M | $1.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $16.0K | — | ||
| Q2 25 | $19.0K | — | ||
| Q1 25 | $21.0K | — | ||
| Q4 24 | $25.0K | — | ||
| Q3 24 | $28.0K | — | ||
| Q2 24 | $2.5M | — |
| Q1 26 | — | $995.8M | ||
| Q4 25 | — | $1.0B | ||
| Q3 25 | $1.1B | $1.0B | ||
| Q2 25 | $1.1B | $989.3M | ||
| Q1 25 | $1.1B | $910.1M | ||
| Q4 24 | $1.1B | $850.1M | ||
| Q3 24 | $1.1B | $887.9M | ||
| Q2 24 | $1.0B | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.8B | $1.5B | ||
| Q2 25 | $1.7B | $1.5B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.6B | $1.3B | ||
| Q2 24 | $1.6B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 0.00× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 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 | $-118.4M |
| Free Cash FlowOCF − Capex | $25.2M | $-143.4M |
| FCF MarginFCF / Revenue | 12.0% | -41.8% |
| Capex IntensityCapex / Revenue | 11.8% | — |
| Cash ConversionOCF / Net Profit | 2.19× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | — | $65.5M | ||
| Q3 25 | $50.1M | $196.9M | ||
| Q2 25 | $31.5M | $249.8M | ||
| Q1 25 | $78.5M | $-154.0M | ||
| Q4 24 | $68.4M | $-8.5M | ||
| Q3 24 | $75.1M | $132.8M | ||
| Q2 24 | $76.5M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | — | $22.1M | ||
| Q3 25 | $25.2M | $142.9M | ||
| Q2 25 | $-29.1M | $203.0M | ||
| Q1 25 | $43.3M | $-233.5M | ||
| Q4 24 | $25.2M | $-89.3M | ||
| Q3 24 | $50.7M | $54.5M | ||
| Q2 24 | $56.5M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | 12.0% | 50.1% | ||
| Q2 25 | -13.8% | 52.3% | ||
| Q1 25 | 20.4% | -68.7% | ||
| Q4 24 | 11.3% | -53.3% | ||
| Q3 24 | 24.0% | 23.3% | ||
| Q2 24 | 26.0% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 26.9% | ||
| Q3 25 | 11.8% | 18.9% | ||
| Q2 25 | 28.7% | 12.1% | ||
| Q1 25 | 16.6% | 23.4% | ||
| Q4 24 | 19.4% | 48.2% | ||
| Q3 24 | 11.6% | 33.5% | ||
| Q2 24 | 9.2% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | — | 28.45× | ||
| Q3 25 | 2.19× | 3.80× | ||
| Q2 25 | 3.55× | 3.29× | ||
| Q1 25 | 1.83× | -2.55× | ||
| Q4 24 | 2.02× | -0.87× | ||
| Q3 24 | 2.18× | 3.27× | ||
| Q2 24 | 2.11× | 2.23× |
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% |
TREX
Segment breakdown not available.
