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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
TRIMAS CORP is the larger business by last-quarter revenue ($256.5M vs $210.4M, roughly 1.2× PHOTRONICS INC). TRIMAS CORP runs the higher net margin — 31.9% vs 10.9%, a 21.0% gap on every dollar of revenue. On growth, TRIMAS CORP posted the faster year-over-year revenue change (3.8% vs -5.5%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $25.2M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (3.3% 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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
PLAB vs TRS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $256.5M |
| Net Profit | $22.9M | $81.7M |
| Gross Margin | 33.7% | 12.8% |
| Operating Margin | 22.9% | 5.7% |
| Net Margin | 10.9% | 31.9% |
| Revenue YoY | -5.5% | 3.8% |
| Net Profit YoY | -32.4% | 236.9% |
| EPS (diluted) | $0.39 | $2.03 |
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 | — | $256.5M | ||
| Q4 25 | — | $-140.0M | ||
| Q3 25 | $210.4M | $269.3M | ||
| Q2 25 | $211.0M | $274.8M | ||
| Q1 25 | $212.1M | $241.7M | ||
| Q4 24 | $222.6M | $-66.2M | ||
| Q3 24 | $211.0M | $229.4M | ||
| Q2 24 | $217.0M | $240.5M |
| Q1 26 | — | $81.7M | ||
| Q4 25 | — | $81.7M | ||
| Q3 25 | $22.9M | $9.3M | ||
| Q2 25 | $8.9M | $16.7M | ||
| Q1 25 | $42.9M | $12.4M | ||
| Q4 24 | $33.9M | $5.6M | ||
| Q3 24 | $34.4M | $2.5M | ||
| Q2 24 | $36.3M | $10.9M |
| Q1 26 | — | 12.8% | ||
| Q4 25 | — | — | ||
| Q3 25 | 33.7% | 12.8% | ||
| Q2 25 | 36.9% | 13.8% | ||
| Q1 25 | 35.6% | 13.6% | ||
| Q4 24 | 37.0% | — | ||
| Q3 24 | 35.6% | 15.4% | ||
| Q2 24 | 36.5% | 14.4% |
| Q1 26 | — | 5.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | 22.9% | 6.2% | ||
| Q2 25 | 26.4% | 9.9% | ||
| Q1 25 | 24.6% | 9.0% | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 24.7% | 3.6% | ||
| Q2 24 | 25.8% | 7.4% |
| Q1 26 | — | 31.9% | ||
| Q4 25 | — | -58.4% | ||
| Q3 25 | 10.9% | 3.5% | ||
| Q2 25 | 4.2% | 6.1% | ||
| Q1 25 | 20.2% | 5.1% | ||
| Q4 24 | 15.2% | -8.5% | ||
| Q3 24 | 16.3% | 1.1% | ||
| Q2 24 | 16.7% | 4.5% |
| Q1 26 | — | $2.03 | ||
| Q4 25 | — | $2.01 | ||
| Q3 25 | $0.39 | $0.23 | ||
| Q2 25 | $0.15 | $0.41 | ||
| Q1 25 | $0.68 | $0.30 | ||
| Q4 24 | $0.54 | $0.14 | ||
| Q3 24 | $0.55 | $0.06 | ||
| Q2 24 | $0.58 | $0.27 |
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 | $30.0M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $705.6M |
| Total Assets | $1.8B | $1.5B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $30.0M | ||
| Q4 25 | — | $30.0M | ||
| Q3 25 | $575.8M | $33.6M | ||
| Q2 25 | $558.4M | $30.3M | ||
| Q1 25 | $642.2M | $32.7M | ||
| Q4 24 | $640.7M | $23.1M | ||
| Q3 24 | $606.4M | $26.9M | ||
| Q2 24 | $559.9M | $35.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $469.2M | ||
| Q3 25 | $16.0K | $407.1M | ||
| Q2 25 | $19.0K | $424.5M | ||
| Q1 25 | $21.0K | $434.2M | ||
| Q4 24 | $25.0K | $398.1M | ||
| Q3 24 | $28.0K | $409.9M | ||
| Q2 24 | $2.5M | $427.4M |
| Q1 26 | — | $705.6M | ||
| Q4 25 | — | $705.6M | ||
| Q3 25 | $1.1B | $725.0M | ||
| Q2 25 | $1.1B | $715.3M | ||
| Q1 25 | $1.1B | $686.6M | ||
| Q4 24 | $1.1B | $667.3M | ||
| Q3 24 | $1.1B | $682.8M | ||
| Q2 24 | $1.0B | $675.9M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | — | $1.5B | ||
| Q3 25 | $1.8B | $1.4B | ||
| Q2 25 | $1.7B | $1.4B | ||
| Q1 25 | $1.7B | $1.4B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.6B | $1.4B | ||
| Q2 24 | $1.6B | $1.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.66× | ||
| Q3 25 | 0.00× | 0.56× | ||
| Q2 25 | 0.00× | 0.59× | ||
| Q1 25 | 0.00× | 0.63× | ||
| Q4 24 | 0.00× | 0.60× | ||
| Q3 24 | 0.00× | 0.60× | ||
| Q2 24 | 0.00× | 0.63× |
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 | $117.5M |
| Free Cash FlowOCF − Capex | $25.2M | $36.8M |
| FCF MarginFCF / Revenue | 12.0% | 14.4% |
| Capex IntensityCapex / Revenue | 11.8% | 18.9% |
| Cash ConversionOCF / Net Profit | 2.19× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $109.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $117.5M | ||
| Q4 25 | — | $41.5M | ||
| Q3 25 | $50.1M | $36.5M | ||
| Q2 25 | $31.5M | $30.3M | ||
| Q1 25 | $78.5M | $9.2M | ||
| Q4 24 | $68.4M | $27.1M | ||
| Q3 24 | $75.1M | $22.0M | ||
| Q2 24 | $76.5M | $18.4M |
| Q1 26 | — | $36.8M | ||
| Q4 25 | — | $36.8M | ||
| Q3 25 | $25.2M | $22.8M | ||
| Q2 25 | $-29.1M | $13.2M | ||
| Q1 25 | $43.3M | $-3.8M | ||
| Q4 24 | $25.2M | $12.1M | ||
| Q3 24 | $50.7M | $10.2M | ||
| Q2 24 | $56.5M | $7.5M |
| Q1 26 | — | 14.4% | ||
| Q4 25 | — | -26.3% | ||
| Q3 25 | 12.0% | 8.5% | ||
| Q2 25 | -13.8% | 4.8% | ||
| Q1 25 | 20.4% | -1.6% | ||
| Q4 24 | 11.3% | -18.3% | ||
| Q3 24 | 24.0% | 4.4% | ||
| Q2 24 | 26.0% | 3.1% |
| Q1 26 | — | 18.9% | ||
| Q4 25 | — | -3.4% | ||
| Q3 25 | 11.8% | 5.1% | ||
| Q2 25 | 28.7% | 6.2% | ||
| Q1 25 | 16.6% | 5.4% | ||
| Q4 24 | 19.4% | -22.6% | ||
| Q3 24 | 11.6% | 5.2% | ||
| Q2 24 | 9.2% | 4.5% |
| Q1 26 | — | 1.44× | ||
| Q4 25 | — | 0.51× | ||
| Q3 25 | 2.19× | 3.92× | ||
| Q2 25 | 3.55× | 1.81× | ||
| Q1 25 | 1.83× | 0.74× | ||
| Q4 24 | 2.02× | 4.80× | ||
| Q3 24 | 2.18× | 8.71× | ||
| Q2 24 | 2.11× | 1.68× |
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% |
TRS
Segment breakdown not available.
