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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and TRUSTMARK CORP (TRMK). Click either name above to swap in a different company.

PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $204.1M, roughly 1.0× TRUSTMARK CORP). TRUSTMARK CORP runs the higher net margin — 28.4% vs 10.9%, a 17.5% gap on every dollar of revenue. On growth, TRUSTMARK CORP posted the faster year-over-year revenue change (4.5% vs -5.5%). TRUSTMARK CORP produced more free cash flow last quarter ($232.0M vs $25.2M). Over the past eight quarters, TRUSTMARK CORP's revenue compounded faster (8.9% 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.

Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.

PLAB vs TRMK — Head-to-Head

Bigger by revenue
PLAB
PLAB
1.0× larger
PLAB
$210.4M
$204.1M
TRMK
Growing faster (revenue YoY)
TRMK
TRMK
+10.0% gap
TRMK
4.5%
-5.5%
PLAB
Higher net margin
TRMK
TRMK
17.5% more per $
TRMK
28.4%
10.9%
PLAB
More free cash flow
TRMK
TRMK
$206.7M more FCF
TRMK
$232.0M
$25.2M
PLAB
Faster 2-yr revenue CAGR
TRMK
TRMK
Annualised
TRMK
8.9%
-3.8%
PLAB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLAB
PLAB
TRMK
TRMK
Revenue
$210.4M
$204.1M
Net Profit
$22.9M
$57.9M
Gross Margin
33.7%
Operating Margin
22.9%
34.7%
Net Margin
10.9%
28.4%
Revenue YoY
-5.5%
4.5%
Net Profit YoY
-32.4%
2.8%
EPS (diluted)
$0.39
$0.96

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.

Revenue
PLAB
PLAB
TRMK
TRMK
Q4 25
$204.1M
Q3 25
$210.4M
$202.4M
Q2 25
$211.0M
$198.6M
Q1 25
$212.1M
$194.6M
Q4 24
$222.6M
$155.8M
Q3 24
$211.0M
$192.3M
Q2 24
$217.0M
$141.0M
Q1 24
$216.3M
$172.2M
Net Profit
PLAB
PLAB
TRMK
TRMK
Q4 25
$57.9M
Q3 25
$22.9M
$56.8M
Q2 25
$8.9M
$55.8M
Q1 25
$42.9M
$53.6M
Q4 24
$33.9M
$56.3M
Q3 24
$34.4M
$51.3M
Q2 24
$36.3M
$73.8M
Q1 24
$26.2M
$41.5M
Gross Margin
PLAB
PLAB
TRMK
TRMK
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%
Operating Margin
PLAB
PLAB
TRMK
TRMK
Q4 25
34.7%
Q3 25
22.9%
34.5%
Q2 25
26.4%
34.7%
Q1 25
24.6%
33.6%
Q4 24
25.1%
41.6%
Q3 24
24.7%
32.5%
Q2 24
25.8%
-98.1%
Q1 24
26.6%
26.1%
Net Margin
PLAB
PLAB
TRMK
TRMK
Q4 25
28.4%
Q3 25
10.9%
28.1%
Q2 25
4.2%
28.1%
Q1 25
20.2%
27.6%
Q4 24
15.2%
36.1%
Q3 24
16.3%
26.7%
Q2 24
16.7%
52.4%
Q1 24
12.1%
24.1%
EPS (diluted)
PLAB
PLAB
TRMK
TRMK
Q4 25
$0.96
Q3 25
$0.39
$0.94
Q2 25
$0.15
$0.92
Q1 25
$0.68
$0.88
Q4 24
$0.54
$0.91
Q3 24
$0.55
$0.84
Q2 24
$0.58
$1.20
Q1 24
$0.42
$0.68

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLAB
PLAB
TRMK
TRMK
Cash + ST InvestmentsLiquidity on hand
$575.8M
Total DebtLower is stronger
$16.0K
Stockholders' EquityBook value
$1.1B
$2.1B
Total Assets
$1.8B
$18.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLAB
PLAB
TRMK
TRMK
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
Total Debt
PLAB
PLAB
TRMK
TRMK
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 24
$2.7M
Stockholders' Equity
PLAB
PLAB
TRMK
TRMK
Q4 25
$2.1B
Q3 25
$1.1B
$2.1B
Q2 25
$1.1B
$2.1B
Q1 25
$1.1B
$2.0B
Q4 24
$1.1B
$2.0B
Q3 24
$1.1B
$2.0B
Q2 24
$1.0B
$1.9B
Q1 24
$1.0B
$1.7B
Total Assets
PLAB
PLAB
TRMK
TRMK
Q4 25
$18.9B
Q3 25
$1.8B
$18.8B
Q2 25
$1.7B
$18.6B
Q1 25
$1.7B
$18.3B
Q4 24
$1.7B
$18.2B
Q3 24
$1.6B
$18.5B
Q2 24
$1.6B
$18.5B
Q1 24
$1.6B
$18.4B
Debt / Equity
PLAB
PLAB
TRMK
TRMK
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×
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
PLAB
PLAB
TRMK
TRMK
Operating Cash FlowLast quarter
$50.1M
$243.9M
Free Cash FlowOCF − Capex
$25.2M
$232.0M
FCF MarginFCF / Revenue
12.0%
113.6%
Capex IntensityCapex / Revenue
11.8%
5.9%
Cash ConversionOCF / Net Profit
2.19×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$64.5M
$409.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLAB
PLAB
TRMK
TRMK
Q4 25
$243.9M
Q3 25
$50.1M
$66.2M
Q2 25
$31.5M
$37.6M
Q1 25
$78.5M
$82.4M
Q4 24
$68.4M
$116.9M
Q3 24
$75.1M
$59.5M
Q2 24
$76.5M
$16.7M
Q1 24
$41.5M
$-58.5M
Free Cash Flow
PLAB
PLAB
TRMK
TRMK
Q4 25
$232.0M
Q3 25
$25.2M
$62.7M
Q2 25
$-29.1M
$34.5M
Q1 25
$43.3M
$80.6M
Q4 24
$25.2M
$93.4M
Q3 24
$50.7M
$51.2M
Q2 24
$56.5M
$10.5M
Q1 24
$-1.8M
$-63.6M
FCF Margin
PLAB
PLAB
TRMK
TRMK
Q4 25
113.6%
Q3 25
12.0%
31.0%
Q2 25
-13.8%
17.4%
Q1 25
20.4%
41.4%
Q4 24
11.3%
60.0%
Q3 24
24.0%
26.7%
Q2 24
26.0%
7.4%
Q1 24
-0.8%
-36.9%
Capex Intensity
PLAB
PLAB
TRMK
TRMK
Q4 25
5.9%
Q3 25
11.8%
1.8%
Q2 25
28.7%
1.6%
Q1 25
16.6%
0.9%
Q4 24
19.4%
15.1%
Q3 24
11.6%
4.3%
Q2 24
9.2%
4.4%
Q1 24
20.0%
2.9%
Cash Conversion
PLAB
PLAB
TRMK
TRMK
Q4 25
4.21×
Q3 25
2.19×
1.17×
Q2 25
3.55×
0.67×
Q1 25
1.83×
1.54×
Q4 24
2.02×
2.08×
Q3 24
2.18×
1.16×
Q2 24
2.11×
0.23×
Q1 24
1.59×
-1.41×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PLAB
PLAB

High End Integrated Circuits$53.6M25%
High End Flat Panel Displays$53.5M25%
KR$43.7M21%
Other$42.1M20%
Mainstream Flat Panel Displays$9.1M4%
Transferred At Point In Time$8.4M4%

TRMK
TRMK

Segment breakdown not available.

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