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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $210.4M, roughly 1.6× PHOTRONICS INC). PHOTRONICS INC runs the higher net margin — 10.9% vs -12.9%, a 23.8% gap on every dollar of revenue. On growth, Walker & Dunlop, Inc. posted the faster year-over-year revenue change (-0.4% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% 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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
PLAB vs WD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $340.0M |
| Net Profit | $22.9M | $-13.9M |
| Gross Margin | 33.7% | — |
| Operating Margin | 22.9% | -17.2% |
| Net Margin | 10.9% | -12.9% |
| Revenue YoY | -5.5% | -0.4% |
| Net Profit YoY | -32.4% | -131.0% |
| EPS (diluted) | $0.39 | $-0.41 |
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 | — | $340.0M | ||
| Q3 25 | $210.4M | $337.7M | ||
| Q2 25 | $211.0M | $319.2M | ||
| Q1 25 | $212.1M | $237.4M | ||
| Q4 24 | $222.6M | $341.5M | ||
| Q3 24 | $211.0M | $292.3M | ||
| Q2 24 | $217.0M | $270.7M | ||
| Q1 24 | $216.3M | $228.1M |
| Q4 25 | — | $-13.9M | ||
| Q3 25 | $22.9M | $33.5M | ||
| Q2 25 | $8.9M | $34.0M | ||
| Q1 25 | $42.9M | $2.8M | ||
| Q4 24 | $33.9M | $44.8M | ||
| Q3 24 | $34.4M | $28.8M | ||
| Q2 24 | $36.3M | $22.7M | ||
| Q1 24 | $26.2M | $11.9M |
| 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% | — |
| Q4 25 | — | -17.2% | ||
| Q3 25 | 22.9% | 13.6% | ||
| Q2 25 | 26.4% | 14.5% | ||
| Q1 25 | 24.6% | 2.2% | ||
| Q4 24 | 25.1% | 15.3% | ||
| Q3 24 | 24.7% | 12.8% | ||
| Q2 24 | 25.8% | 10.4% | ||
| Q1 24 | 26.6% | 6.0% |
| Q4 25 | — | -12.9% | ||
| Q3 25 | 10.9% | 9.9% | ||
| Q2 25 | 4.2% | 10.6% | ||
| Q1 25 | 20.2% | 1.2% | ||
| Q4 24 | 15.2% | 13.1% | ||
| Q3 24 | 16.3% | 9.9% | ||
| Q2 24 | 16.7% | 8.4% | ||
| Q1 24 | 12.1% | 5.2% |
| Q4 25 | — | $-0.41 | ||
| Q3 25 | $0.39 | $0.98 | ||
| Q2 25 | $0.15 | $0.99 | ||
| Q1 25 | $0.68 | $0.08 | ||
| Q4 24 | $0.54 | $1.32 | ||
| Q3 24 | $0.55 | $0.85 | ||
| Q2 24 | $0.58 | $0.67 | ||
| Q1 24 | $0.42 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $1.7B |
| Total Assets | $1.8B | $5.1B |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $299.3M | ||
| Q3 25 | $575.8M | $274.8M | ||
| Q2 25 | $558.4M | $233.7M | ||
| Q1 25 | $642.2M | $181.0M | ||
| Q4 24 | $640.7M | $279.3M | ||
| Q3 24 | $606.4M | $179.8M | ||
| Q2 24 | $559.9M | $208.1M | ||
| Q1 24 | $521.5M | $216.5M |
| 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 | — | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $1.0B | $1.7B |
| Q4 25 | — | $5.1B | ||
| Q3 25 | $1.8B | $5.8B | ||
| Q2 25 | $1.7B | $4.7B | ||
| Q1 25 | $1.7B | $4.5B | ||
| Q4 24 | $1.7B | $4.4B | ||
| Q3 24 | $1.6B | $4.6B | ||
| Q2 24 | $1.6B | $4.2B | ||
| Q1 24 | $1.6B | $3.8B |
| 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 | $-664.3M |
| Free Cash FlowOCF − Capex | $25.2M | $-680.1M |
| FCF MarginFCF / Revenue | 12.0% | -200.0% |
| Capex IntensityCapex / Revenue | 11.8% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-664.3M | ||
| Q3 25 | $50.1M | $-948.1M | ||
| Q2 25 | $31.5M | $-238.5M | ||
| Q1 25 | $78.5M | $-281.1M | ||
| Q4 24 | $68.4M | $129.4M | ||
| Q3 24 | $75.1M | $-202.0M | ||
| Q2 24 | $76.5M | $-237.8M | ||
| Q1 24 | $41.5M | $38.4M |
| Q4 25 | — | $-680.1M | ||
| Q3 25 | $25.2M | $-950.4M | ||
| Q2 25 | $-29.1M | $-241.0M | ||
| Q1 25 | $43.3M | $-284.7M | ||
| Q4 24 | $25.2M | $116.4M | ||
| Q3 24 | $50.7M | $-204.0M | ||
| Q2 24 | $56.5M | $-241.7M | ||
| Q1 24 | $-1.8M | $35.2M |
| Q4 25 | — | -200.0% | ||
| Q3 25 | 12.0% | -281.5% | ||
| Q2 25 | -13.8% | -75.5% | ||
| Q1 25 | 20.4% | -120.0% | ||
| Q4 24 | 11.3% | 34.1% | ||
| Q3 24 | 24.0% | -69.8% | ||
| Q2 24 | 26.0% | -89.3% | ||
| Q1 24 | -0.8% | 15.4% |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 11.8% | 0.7% | ||
| Q2 25 | 28.7% | 0.8% | ||
| Q1 25 | 16.6% | 1.5% | ||
| Q4 24 | 19.4% | 3.8% | ||
| Q3 24 | 11.6% | 0.7% | ||
| Q2 24 | 9.2% | 1.4% | ||
| Q1 24 | 20.0% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | -28.34× | ||
| Q2 25 | 3.55× | -7.02× | ||
| Q1 25 | 1.83× | -102.07× | ||
| Q4 24 | 2.02× | 2.89× | ||
| Q3 24 | 2.18× | -7.01× | ||
| Q2 24 | 2.11× | -10.49× | ||
| Q1 24 | 1.59× | 3.24× |
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% |
WD
Segment breakdown not available.
