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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Wingstop Inc. (WING). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $183.7M, roughly 1.1× Wingstop Inc.). Wingstop Inc. runs the higher net margin — 16.3% vs 10.9%, a 5.4% gap on every dollar of revenue. On growth, Wingstop Inc. posted the faster year-over-year revenue change (7.4% vs -5.5%). Over the past eight quarters, Wingstop Inc.'s revenue compounded faster (8.6% 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.
Wingstop Inc. is an American international fast food chain that primarily sells buffalo wings. Wingstop locations are decorated with a 1930s and 1940s pre-jet aviation theme.
PLAB vs WING — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $210.4M | $183.7M |
| Net Profit | $22.9M | $29.9M |
| Gross Margin | 33.7% | 86.5% |
| Operating Margin | 22.9% | 27.4% |
| Net Margin | 10.9% | 16.3% |
| Revenue YoY | -5.5% | 7.4% |
| Net Profit YoY | -32.4% | — |
| EPS (diluted) | $0.39 | $1.08 |
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 | — | $183.7M | ||
| Q4 25 | — | $175.7M | ||
| Q3 25 | $210.4M | $175.7M | ||
| Q2 25 | $211.0M | $174.3M | ||
| Q1 25 | $212.1M | $171.1M | ||
| Q4 24 | $222.6M | $161.8M | ||
| Q3 24 | $211.0M | $162.5M | ||
| Q2 24 | $217.0M | $155.7M |
| Q1 26 | — | $29.9M | ||
| Q4 25 | — | $26.8M | ||
| Q3 25 | $22.9M | $28.5M | ||
| Q2 25 | $8.9M | $26.8M | ||
| Q1 25 | $42.9M | $92.3M | ||
| Q4 24 | $33.9M | $26.8M | ||
| Q3 24 | $34.4M | $25.7M | ||
| Q2 24 | $36.3M | $27.5M |
| Q1 26 | — | 86.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | 33.7% | — | ||
| Q2 25 | 36.9% | — | ||
| Q1 25 | 35.6% | — | ||
| Q4 24 | 37.0% | 85.6% | ||
| Q3 24 | 35.6% | 85.0% | ||
| Q2 24 | 36.5% | 85.4% |
| Q1 26 | — | 27.4% | ||
| Q4 25 | — | 26.7% | ||
| Q3 25 | 22.9% | 27.9% | ||
| Q2 25 | 26.4% | 25.9% | ||
| Q1 25 | 24.6% | 22.4% | ||
| Q4 24 | 25.1% | 25.9% | ||
| Q3 24 | 24.7% | 24.5% | ||
| Q2 24 | 25.8% | 26.5% |
| Q1 26 | — | 16.3% | ||
| Q4 25 | — | 15.2% | ||
| Q3 25 | 10.9% | 16.2% | ||
| Q2 25 | 4.2% | 15.4% | ||
| Q1 25 | 20.2% | 53.9% | ||
| Q4 24 | 15.2% | 16.5% | ||
| Q3 24 | 16.3% | 15.8% | ||
| Q2 24 | 16.7% | 17.7% |
| Q1 26 | — | $1.08 | ||
| Q4 25 | — | $0.99 | ||
| Q3 25 | $0.39 | $1.02 | ||
| Q2 25 | $0.15 | $0.96 | ||
| Q1 25 | $0.68 | $3.24 | ||
| Q4 24 | $0.54 | $0.91 | ||
| Q3 24 | $0.55 | $0.88 | ||
| Q2 24 | $0.58 | $0.93 |
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 | $128.8M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | — |
| Total Assets | $1.8B | $648.9M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $128.8M | ||
| Q4 25 | — | $196.6M | ||
| Q3 25 | $575.8M | $237.6M | ||
| Q2 25 | $558.4M | $227.9M | ||
| Q1 25 | $642.2M | $251.4M | ||
| Q4 24 | $640.7M | $315.9M | ||
| Q3 24 | $606.4M | $84.0M | ||
| Q2 24 | $559.9M | $96.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $16.0K | — | ||
| Q2 25 | $19.0K | — | ||
| Q1 25 | $21.0K | — | ||
| Q4 24 | $25.0K | $1.2B | ||
| Q3 24 | $28.0K | — | ||
| Q2 24 | $2.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $-736.8M | ||
| Q3 25 | $1.1B | $-702.6M | ||
| Q2 25 | $1.1B | $-686.0M | ||
| Q1 25 | $1.1B | $-715.0M | ||
| Q4 24 | $1.1B | $-675.6M | ||
| Q3 24 | $1.1B | $-447.5M | ||
| Q2 24 | $1.0B | $-437.5M |
| Q1 26 | — | $648.9M | ||
| Q4 25 | — | $693.4M | ||
| Q3 25 | $1.8B | $721.0M | ||
| Q2 25 | $1.7B | $708.3M | ||
| Q1 25 | $1.7B | $696.8M | ||
| Q4 24 | $1.7B | $716.2M | ||
| Q3 24 | $1.6B | $484.8M | ||
| Q2 24 | $1.6B | $451.8M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $25.2M | — |
| FCF MarginFCF / Revenue | 12.0% | — |
| Capex IntensityCapex / Revenue | 11.8% | — |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $57.3M | ||
| Q3 25 | $50.1M | $63.9M | ||
| Q2 25 | $31.5M | $6.6M | ||
| Q1 25 | $78.5M | $25.3M | ||
| Q4 24 | $68.4M | $7.7M | ||
| Q3 24 | $75.1M | $69.0M | ||
| Q2 24 | $76.5M | $36.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $34.5M | ||
| Q3 25 | $25.2M | $61.7M | ||
| Q2 25 | $-29.1M | $-7.8M | ||
| Q1 25 | $43.3M | $17.3M | ||
| Q4 24 | $25.2M | $-8.6M | ||
| Q3 24 | $50.7M | $54.9M | ||
| Q2 24 | $56.5M | $25.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 19.6% | ||
| Q3 25 | 12.0% | 35.1% | ||
| Q2 25 | -13.8% | -4.5% | ||
| Q1 25 | 20.4% | 10.1% | ||
| Q4 24 | 11.3% | -5.3% | ||
| Q3 24 | 24.0% | 33.8% | ||
| Q2 24 | 26.0% | 16.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | 11.8% | 1.3% | ||
| Q2 25 | 28.7% | 8.2% | ||
| Q1 25 | 16.6% | 4.7% | ||
| Q4 24 | 19.4% | 10.1% | ||
| Q3 24 | 11.6% | 8.7% | ||
| Q2 24 | 9.2% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.14× | ||
| Q3 25 | 2.19× | 2.24× | ||
| Q2 25 | 3.55× | 0.25× | ||
| Q1 25 | 1.83× | 0.27× | ||
| Q4 24 | 2.02× | 0.29× | ||
| Q3 24 | 2.18× | 2.68× | ||
| Q2 24 | 2.11× | 1.32× |
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% |
WING
| Royalty revenue, franchise fees and other | $87.5M | 48% |
| Advertising fees | $63.3M | 34% |
| Company-owned restaurant sales | $33.0M | 18% |