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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.

XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $210.4M, roughly 1.2× PHOTRONICS INC). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs 10.9%, a 0.4% gap on every dollar of revenue. On growth, PHOTRONICS INC posted the faster year-over-year revenue change (-5.5% vs -15.3%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-88.0M). Over the past eight quarters, XPLR Infrastructure, LP's revenue compounded faster (-1.6% 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.

XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.

PLAB vs XIFR — Head-to-Head

Bigger by revenue
XIFR
XIFR
1.2× larger
XIFR
$249.0M
$210.4M
PLAB
Growing faster (revenue YoY)
PLAB
PLAB
+9.8% gap
PLAB
-5.5%
-15.3%
XIFR
Higher net margin
XIFR
XIFR
0.4% more per $
XIFR
11.2%
10.9%
PLAB
More free cash flow
PLAB
PLAB
$113.2M more FCF
PLAB
$25.2M
$-88.0M
XIFR
Faster 2-yr revenue CAGR
XIFR
XIFR
Annualised
XIFR
-1.6%
-3.8%
PLAB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLAB
PLAB
XIFR
XIFR
Revenue
$210.4M
$249.0M
Net Profit
$22.9M
$28.0M
Gross Margin
33.7%
Operating Margin
22.9%
-19.3%
Net Margin
10.9%
11.2%
Revenue YoY
-5.5%
-15.3%
Net Profit YoY
-32.4%
124.3%
EPS (diluted)
$0.39

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.

Revenue
PLAB
PLAB
XIFR
XIFR
Q4 25
$249.0M
Q3 25
$210.4M
$315.0M
Q2 25
$211.0M
$342.0M
Q1 25
$212.1M
$282.0M
Q4 24
$222.6M
$294.0M
Q3 24
$211.0M
$319.0M
Q2 24
$217.0M
$360.0M
Q1 24
$216.3M
$257.0M
Net Profit
PLAB
PLAB
XIFR
XIFR
Q4 25
$28.0M
Q3 25
$22.9M
$-37.0M
Q2 25
$8.9M
$79.0M
Q1 25
$42.9M
$-98.0M
Q4 24
$33.9M
$-115.0M
Q3 24
$34.4M
$-40.0M
Q2 24
$36.3M
$62.0M
Q1 24
$26.2M
$70.0M
Gross Margin
PLAB
PLAB
XIFR
XIFR
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%
Operating Margin
PLAB
PLAB
XIFR
XIFR
Q4 25
-19.3%
Q3 25
22.9%
1.6%
Q2 25
26.4%
26.3%
Q1 25
24.6%
-82.6%
Q4 24
25.1%
-188.1%
Q3 24
24.7%
15.4%
Q2 24
25.8%
18.3%
Q1 24
26.6%
-8.2%
Net Margin
PLAB
PLAB
XIFR
XIFR
Q4 25
11.2%
Q3 25
10.9%
-11.7%
Q2 25
4.2%
23.1%
Q1 25
20.2%
-34.8%
Q4 24
15.2%
-39.1%
Q3 24
16.3%
-12.5%
Q2 24
16.7%
17.2%
Q1 24
12.1%
27.2%
EPS (diluted)
PLAB
PLAB
XIFR
XIFR
Q4 25
Q3 25
$0.39
$-0.40
Q2 25
$0.15
$0.84
Q1 25
$0.68
$-1.05
Q4 24
$0.54
Q3 24
$0.55
$-0.43
Q2 24
$0.58
$0.66
Q1 24
$0.42
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PLAB
PLAB
XIFR
XIFR
Cash + ST InvestmentsLiquidity on hand
$575.8M
$960.0M
Total DebtLower is stronger
$16.0K
$6.2B
Stockholders' EquityBook value
$1.1B
$10.9B
Total Assets
$1.8B
$19.6B
Debt / EquityLower = less leverage
0.00×
0.57×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLAB
PLAB
XIFR
XIFR
Q4 25
$960.0M
Q3 25
$575.8M
$711.0M
Q2 25
$558.4M
$880.0M
Q1 25
$642.2M
$1.5B
Q4 24
$640.7M
$283.0M
Q3 24
$606.4M
$290.0M
Q2 24
$559.9M
$281.0M
Q1 24
$521.5M
$245.0M
Total Debt
PLAB
PLAB
XIFR
XIFR
Q4 25
$6.2B
Q3 25
$16.0K
Q2 25
$19.0K
Q1 25
$21.0K
Q4 24
$25.0K
$5.3B
Q3 24
$28.0K
Q2 24
$2.5M
Q1 24
$2.7M
Stockholders' Equity
PLAB
PLAB
XIFR
XIFR
Q4 25
$10.9B
Q3 25
$1.1B
$11.0B
Q2 25
$1.1B
$11.3B
Q1 25
$1.1B
$12.6B
Q4 24
$1.1B
$12.9B
Q3 24
$1.1B
$13.6B
Q2 24
$1.0B
$13.9B
Q1 24
$1.0B
$14.0B
Total Assets
PLAB
PLAB
XIFR
XIFR
Q4 25
$19.6B
Q3 25
$1.8B
$19.1B
Q2 25
$1.7B
$20.5B
Q1 25
$1.7B
$21.4B
Q4 24
$1.7B
$20.3B
Q3 24
$1.6B
$20.9B
Q2 24
$1.6B
$21.7B
Q1 24
$1.6B
$22.3B
Debt / Equity
PLAB
PLAB
XIFR
XIFR
Q4 25
0.57×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
0.41×
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
PLAB
PLAB
XIFR
XIFR
Operating Cash FlowLast quarter
$50.1M
$186.0M
Free Cash FlowOCF − Capex
$25.2M
$-88.0M
FCF MarginFCF / Revenue
12.0%
-35.3%
Capex IntensityCapex / Revenue
11.8%
110.0%
Cash ConversionOCF / Net Profit
2.19×
6.64×
TTM Free Cash FlowTrailing 4 quarters
$64.5M
$-219.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PLAB
PLAB
XIFR
XIFR
Q4 25
$186.0M
Q3 25
$50.1M
$231.0M
Q2 25
$31.5M
$232.0M
Q1 25
$78.5M
$90.0M
Q4 24
$68.4M
$283.0M
Q3 24
$75.1M
$208.0M
Q2 24
$76.5M
$231.0M
Q1 24
$41.5M
$78.0M
Free Cash Flow
PLAB
PLAB
XIFR
XIFR
Q4 25
$-88.0M
Q3 25
$25.2M
$-283.0M
Q2 25
$-29.1M
$151.0M
Q1 25
$43.3M
$1.0M
Q4 24
$25.2M
$231.0M
Q3 24
$50.7M
$152.0M
Q2 24
$56.5M
$162.0M
Q1 24
$-1.8M
$14.0M
FCF Margin
PLAB
PLAB
XIFR
XIFR
Q4 25
-35.3%
Q3 25
12.0%
-89.8%
Q2 25
-13.8%
44.2%
Q1 25
20.4%
0.4%
Q4 24
11.3%
78.6%
Q3 24
24.0%
47.6%
Q2 24
26.0%
45.0%
Q1 24
-0.8%
5.4%
Capex Intensity
PLAB
PLAB
XIFR
XIFR
Q4 25
110.0%
Q3 25
11.8%
163.2%
Q2 25
28.7%
23.7%
Q1 25
16.6%
31.6%
Q4 24
19.4%
17.7%
Q3 24
11.6%
17.6%
Q2 24
9.2%
19.2%
Q1 24
20.0%
24.9%
Cash Conversion
PLAB
PLAB
XIFR
XIFR
Q4 25
6.64×
Q3 25
2.19×
Q2 25
3.55×
2.94×
Q1 25
1.83×
Q4 24
2.02×
Q3 24
2.18×
Q2 24
2.11×
3.73×
Q1 24
1.59×
1.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PLAB
PLAB

High End Integrated Circuits$53.6M25%
High End Flat Panel Displays$53.5M25%
KR$43.7M21%
Other$42.1M20%
Mainstream Flat Panel Displays$9.1M4%
Transferred At Point In Time$8.4M4%

XIFR
XIFR

Renewable Energy Sales$238.0M96%
Related Party$8.0M3%

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