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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
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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 | — | -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% |
| 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% |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 | — |
| 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 |
| 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 |
| 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 | ||
|---|---|---|
| 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.
| 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 |
| 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 |
| 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% |
| 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% |
| 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
| 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% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |