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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Vital Farms, Inc. (VITL). Click either name above to swap in a different company.
Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $210.4M, roughly 1.0× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs 7.6%, a 3.2% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% 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.
Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".
PLAB vs VITL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $213.6M |
| Net Profit | $22.9M | $16.3M |
| Gross Margin | 33.7% | 35.8% |
| Operating Margin | 22.9% | 10.0% |
| Net Margin | 10.9% | 7.6% |
| Revenue YoY | -5.5% | 28.7% |
| Net Profit YoY | -32.4% | 54.3% |
| EPS (diluted) | $0.39 | $0.35 |
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 | — | $213.6M | ||
| Q3 25 | $210.4M | $198.9M | ||
| Q2 25 | $211.0M | $184.8M | ||
| Q1 25 | $212.1M | $162.2M | ||
| Q4 24 | $222.6M | $166.0M | ||
| Q3 24 | $211.0M | $145.0M | ||
| Q2 24 | $217.0M | $147.4M | ||
| Q1 24 | $216.3M | $147.9M |
| Q4 25 | — | $16.3M | ||
| Q3 25 | $22.9M | $16.4M | ||
| Q2 25 | $8.9M | $16.6M | ||
| Q1 25 | $42.9M | $16.9M | ||
| Q4 24 | $33.9M | $10.6M | ||
| Q3 24 | $34.4M | $7.4M | ||
| Q2 24 | $36.3M | $16.3M | ||
| Q1 24 | $26.2M | $19.0M |
| Q4 25 | — | 35.8% | ||
| Q3 25 | 33.7% | 37.7% | ||
| Q2 25 | 36.9% | 38.9% | ||
| Q1 25 | 35.6% | 38.5% | ||
| Q4 24 | 37.0% | 36.1% | ||
| Q3 24 | 35.6% | 36.9% | ||
| Q2 24 | 36.5% | 39.1% | ||
| Q1 24 | 36.6% | 39.8% |
| Q4 25 | — | 10.0% | ||
| Q3 25 | 22.9% | 10.8% | ||
| Q2 25 | 26.4% | 12.9% | ||
| Q1 25 | 24.6% | 13.4% | ||
| Q4 24 | 25.1% | 7.8% | ||
| Q3 24 | 24.7% | 6.4% | ||
| Q2 24 | 25.8% | 11.6% | ||
| Q1 24 | 26.6% | 16.3% |
| Q4 25 | — | 7.6% | ||
| Q3 25 | 10.9% | 8.3% | ||
| Q2 25 | 4.2% | 9.0% | ||
| Q1 25 | 20.2% | 10.4% | ||
| Q4 24 | 15.2% | 6.4% | ||
| Q3 24 | 16.3% | 5.1% | ||
| Q2 24 | 16.7% | 11.1% | ||
| Q1 24 | 12.1% | 12.9% |
| Q4 25 | — | $0.35 | ||
| Q3 25 | $0.39 | $0.36 | ||
| Q2 25 | $0.15 | $0.36 | ||
| Q1 25 | $0.68 | $0.37 | ||
| Q4 24 | $0.54 | $0.23 | ||
| Q3 24 | $0.55 | $0.16 | ||
| Q2 24 | $0.58 | $0.36 | ||
| Q1 24 | $0.42 | $0.43 |
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 | $48.8M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $351.3M |
| Total Assets | $1.8B | $518.7M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $48.8M | ||
| Q3 25 | $575.8M | $93.8M | ||
| Q2 25 | $558.4M | $108.2M | ||
| Q1 25 | $642.2M | $156.3M | ||
| Q4 24 | $640.7M | $150.6M | ||
| Q3 24 | $606.4M | $149.5M | ||
| Q2 24 | $559.9M | $133.2M | ||
| Q1 24 | $521.5M | $113.8M |
| 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 | — |
| Q4 25 | — | $351.3M | ||
| Q3 25 | $1.1B | $331.2M | ||
| Q2 25 | $1.1B | $309.8M | ||
| Q1 25 | $1.1B | $288.9M | ||
| Q4 24 | $1.1B | $269.3M | ||
| Q3 24 | $1.1B | $253.4M | ||
| Q2 24 | $1.0B | $238.4M | ||
| Q1 24 | $1.0B | $213.3M |
| Q4 25 | — | $518.7M | ||
| Q3 25 | $1.8B | $481.5M | ||
| Q2 25 | $1.7B | $430.8M | ||
| Q1 25 | $1.7B | $376.9M | ||
| Q4 24 | $1.7B | $359.3M | ||
| Q3 24 | $1.6B | $344.7M | ||
| Q2 24 | $1.6B | $320.5M | ||
| Q1 24 | $1.6B | $300.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $50.1M | $5.8M |
| Free Cash FlowOCF − Capex | $25.2M | $-32.1M |
| FCF MarginFCF / Revenue | 12.0% | -15.1% |
| Capex IntensityCapex / Revenue | 11.8% | 17.8% |
| Cash ConversionOCF / Net Profit | 2.19× | 0.35× |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-48.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.8M | ||
| Q3 25 | $50.1M | $23.4M | ||
| Q2 25 | $31.5M | $-761.0K | ||
| Q1 25 | $78.5M | $5.3M | ||
| Q4 24 | $68.4M | $14.8M | ||
| Q3 24 | $75.1M | $10.0M | ||
| Q2 24 | $76.5M | $16.1M | ||
| Q1 24 | $41.5M | $23.9M |
| Q4 25 | — | $-32.1M | ||
| Q3 25 | $25.2M | $-10.6M | ||
| Q2 25 | $-29.1M | $-7.6M | ||
| Q1 25 | $43.3M | $2.1M | ||
| Q4 24 | $25.2M | $-3.4M | ||
| Q3 24 | $50.7M | $6.4M | ||
| Q2 24 | $56.5M | $10.5M | ||
| Q1 24 | $-1.8M | $22.6M |
| Q4 25 | — | -15.1% | ||
| Q3 25 | 12.0% | -5.3% | ||
| Q2 25 | -13.8% | -4.1% | ||
| Q1 25 | 20.4% | 1.3% | ||
| Q4 24 | 11.3% | -2.0% | ||
| Q3 24 | 24.0% | 4.4% | ||
| Q2 24 | 26.0% | 7.2% | ||
| Q1 24 | -0.8% | 15.3% |
| Q4 25 | — | 17.8% | ||
| Q3 25 | 11.8% | 17.1% | ||
| Q2 25 | 28.7% | 3.7% | ||
| Q1 25 | 16.6% | 1.9% | ||
| Q4 24 | 19.4% | 10.9% | ||
| Q3 24 | 11.6% | 2.5% | ||
| Q2 24 | 9.2% | 3.8% | ||
| Q1 24 | 20.0% | 0.9% |
| Q4 25 | — | 0.35× | ||
| Q3 25 | 2.19× | 1.43× | ||
| Q2 25 | 3.55× | -0.05× | ||
| Q1 25 | 1.83× | 0.31× | ||
| Q4 24 | 2.02× | 1.40× | ||
| Q3 24 | 2.18× | 1.34× | ||
| Q2 24 | 2.11× | 0.99× | ||
| Q1 24 | 1.59× | 1.26× |
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% |
VITL
| Eggs And Egg Related Products | $205.8M | 96% |
| Butter And Butter Related Products | $7.7M | 4% |
