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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $183.8M, roughly 1.1× Wheels Up Experience Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs -15.7%, a 26.6% gap on every dollar of revenue. On growth, PHOTRONICS INC posted the faster year-over-year revenue change (-5.5% vs -10.2%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-58.3M). Over the past eight quarters, Wheels Up Experience Inc.'s revenue compounded faster (-3.4% 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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
PLAB vs UP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $183.8M |
| Net Profit | $22.9M | $-28.9M |
| Gross Margin | 33.7% | 14.3% |
| Operating Margin | 22.9% | -0.9% |
| Net Margin | 10.9% | -15.7% |
| Revenue YoY | -5.5% | -10.2% |
| Net Profit YoY | -32.4% | 67.0% |
| EPS (diluted) | $0.39 | $-0.04 |
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 | — | $183.8M | ||
| Q3 25 | $210.4M | $185.5M | ||
| Q2 25 | $211.0M | $189.6M | ||
| Q1 25 | $212.1M | $177.5M | ||
| Q4 24 | $222.6M | $204.8M | ||
| Q3 24 | $211.0M | $193.9M | ||
| Q2 24 | $217.0M | $196.3M | ||
| Q1 24 | $216.3M | $197.1M |
| Q4 25 | — | $-28.9M | ||
| Q3 25 | $22.9M | $-83.7M | ||
| Q2 25 | $8.9M | $-82.3M | ||
| Q1 25 | $42.9M | $-99.3M | ||
| Q4 24 | $33.9M | $-87.5M | ||
| Q3 24 | $34.4M | $-57.7M | ||
| Q2 24 | $36.3M | $-97.0M | ||
| Q1 24 | $26.2M | $-97.4M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | 33.7% | 6.8% | ||
| Q2 25 | 36.9% | 8.3% | ||
| Q1 25 | 35.6% | 10.8% | ||
| Q4 24 | 37.0% | 13.9% | ||
| Q3 24 | 35.6% | 13.9% | ||
| Q2 24 | 36.5% | 2.3% | ||
| Q1 24 | 36.6% | -0.6% |
| Q4 25 | — | -0.9% | ||
| Q3 25 | 22.9% | -33.1% | ||
| Q2 25 | 26.4% | -31.4% | ||
| Q1 25 | 24.6% | -45.5% | ||
| Q4 24 | 25.1% | -26.0% | ||
| Q3 24 | 24.7% | -21.6% | ||
| Q2 24 | 25.8% | -40.3% | ||
| Q1 24 | 26.6% | -42.9% |
| Q4 25 | — | -15.7% | ||
| Q3 25 | 10.9% | -45.1% | ||
| Q2 25 | 4.2% | -43.4% | ||
| Q1 25 | 20.2% | -55.9% | ||
| Q4 24 | 15.2% | -42.7% | ||
| Q3 24 | 16.3% | -29.8% | ||
| Q2 24 | 16.7% | -49.4% | ||
| Q1 24 | 12.1% | -49.4% |
| Q4 25 | — | $-0.04 | ||
| Q3 25 | $0.39 | $-0.12 | ||
| Q2 25 | $0.15 | $-0.12 | ||
| Q1 25 | $0.68 | $-0.14 | ||
| Q4 24 | $0.54 | $-0.13 | ||
| Q3 24 | $0.55 | $-0.08 | ||
| Q2 24 | $0.58 | $-0.14 | ||
| Q1 24 | $0.42 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | $16.0K | $671.3M |
| Stockholders' EquityBook value | $1.1B | $-392.1M |
| Total Assets | $1.8B | $968.8M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $133.9M | ||
| Q3 25 | $575.8M | $125.3M | ||
| Q2 25 | $558.4M | $107.0M | ||
| Q1 25 | $642.2M | $171.8M | ||
| Q4 24 | $640.7M | $216.4M | ||
| Q3 24 | $606.4M | $115.9M | ||
| Q2 24 | $559.9M | $141.5M | ||
| Q1 24 | $521.5M | $180.9M |
| Q4 25 | — | $671.3M | ||
| Q3 25 | $16.0K | $766.5M | ||
| Q2 25 | $19.0K | $770.5M | ||
| Q1 25 | $21.0K | $765.8M | ||
| Q4 24 | $25.0K | $761.3M | ||
| Q3 24 | $28.0K | $596.9M | ||
| Q2 24 | $2.5M | $597.4M | ||
| Q1 24 | $2.7M | $603.2M |
| Q4 25 | — | $-392.1M | ||
| Q3 25 | $1.1B | $-374.5M | ||
| Q2 25 | $1.1B | $-347.8M | ||
| Q1 25 | $1.1B | $-288.1M | ||
| Q4 24 | $1.1B | $-202.1M | ||
| Q3 24 | $1.1B | $-117.7M | ||
| Q2 24 | $1.0B | $-72.2M | ||
| Q1 24 | $1.0B | $936.0K |
| Q4 25 | — | $968.8M | ||
| Q3 25 | $1.8B | $973.0M | ||
| Q2 25 | $1.7B | $1.0B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.6B | $1.1B | ||
| Q1 24 | $1.6B | $1.2B |
| 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× | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $25.2M | $-58.3M |
| FCF MarginFCF / Revenue | 12.0% | -31.7% |
| Capex IntensityCapex / Revenue | 11.8% | 21.7% |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-18.4M | ||
| Q3 25 | $50.1M | $-37.1M | ||
| Q2 25 | $31.5M | $-62.9M | ||
| Q1 25 | $78.5M | $-47.9M | ||
| Q4 24 | $68.4M | $37.9M | ||
| Q3 24 | $75.1M | $-16.9M | ||
| Q2 24 | $76.5M | $-25.2M | ||
| Q1 24 | $41.5M | $-73.8M |
| Q4 25 | — | $-58.3M | ||
| Q3 25 | $25.2M | $-60.4M | ||
| Q2 25 | $-29.1M | $-78.6M | ||
| Q1 25 | $43.3M | $-62.6M | ||
| Q4 24 | $25.2M | $-70.2M | ||
| Q3 24 | $50.7M | $-21.9M | ||
| Q2 24 | $56.5M | $-30.8M | ||
| Q1 24 | $-1.8M | $-77.8M |
| Q4 25 | — | -31.7% | ||
| Q3 25 | 12.0% | -32.6% | ||
| Q2 25 | -13.8% | -41.5% | ||
| Q1 25 | 20.4% | -35.3% | ||
| Q4 24 | 11.3% | -34.3% | ||
| Q3 24 | 24.0% | -11.3% | ||
| Q2 24 | 26.0% | -15.7% | ||
| Q1 24 | -0.8% | -39.5% |
| Q4 25 | — | 21.7% | ||
| Q3 25 | 11.8% | 12.5% | ||
| Q2 25 | 28.7% | 8.3% | ||
| Q1 25 | 16.6% | 8.3% | ||
| Q4 24 | 19.4% | 52.8% | ||
| Q3 24 | 11.6% | 2.6% | ||
| Q2 24 | 9.2% | 2.9% | ||
| Q1 24 | 20.0% | 2.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.59× | — |
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% |
UP
Segment breakdown not available.
