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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $192.4M, roughly 1.1× Xometry, Inc.). PHOTRONICS INC runs the higher net margin — 10.9% vs -4.5%, a 15.4% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs -5.5%). PHOTRONICS INC produced more free cash flow last quarter ($25.2M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
PLAB vs XMTR — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $210.4M | $192.4M |
| Net Profit | $22.9M | $-8.6M |
| Gross Margin | 33.7% | 39.1% |
| Operating Margin | 22.9% | -4.6% |
| Net Margin | 10.9% | -4.5% |
| Revenue YoY | -5.5% | 29.5% |
| Net Profit YoY | -32.4% | 12.7% |
| 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 | — | $192.4M | ||
| Q3 25 | $210.4M | $180.7M | ||
| Q2 25 | $211.0M | $162.5M | ||
| Q1 25 | $212.1M | $151.0M | ||
| Q4 24 | $222.6M | $148.5M | ||
| Q3 24 | $211.0M | $141.7M | ||
| Q2 24 | $217.0M | $132.6M | ||
| Q1 24 | $216.3M | $122.7M |
| Q4 25 | — | $-8.6M | ||
| Q3 25 | $22.9M | $-11.6M | ||
| Q2 25 | $8.9M | $-26.4M | ||
| Q1 25 | $42.9M | $-15.1M | ||
| Q4 24 | $33.9M | $-9.9M | ||
| Q3 24 | $34.4M | $-10.2M | ||
| Q2 24 | $36.3M | $-13.7M | ||
| Q1 24 | $26.2M | $-16.6M |
| Q4 25 | — | 39.1% | ||
| Q3 25 | 33.7% | 39.9% | ||
| Q2 25 | 36.9% | 40.1% | ||
| Q1 25 | 35.6% | 37.3% | ||
| Q4 24 | 37.0% | 39.7% | ||
| Q3 24 | 35.6% | 39.4% | ||
| Q2 24 | 36.5% | 39.9% | ||
| Q1 24 | 36.6% | 39.0% |
| Q4 25 | — | -4.6% | ||
| Q3 25 | 22.9% | -6.1% | ||
| Q2 25 | 26.4% | -6.3% | ||
| Q1 25 | 24.6% | -10.2% | ||
| Q4 24 | 25.1% | -7.8% | ||
| Q3 24 | 24.7% | -8.1% | ||
| Q2 24 | 25.8% | -11.5% | ||
| Q1 24 | 26.6% | -14.6% |
| Q4 25 | — | -4.5% | ||
| Q3 25 | 10.9% | -6.4% | ||
| Q2 25 | 4.2% | -16.3% | ||
| Q1 25 | 20.2% | -10.0% | ||
| Q4 24 | 15.2% | -6.7% | ||
| Q3 24 | 16.3% | -7.2% | ||
| Q2 24 | 16.7% | -10.3% | ||
| Q1 24 | 12.1% | -13.5% |
| Q4 25 | — | — | ||
| Q3 25 | $0.39 | — | ||
| Q2 25 | $0.15 | — | ||
| Q1 25 | $0.68 | — | ||
| Q4 24 | $0.54 | — | ||
| Q3 24 | $0.55 | — | ||
| Q2 24 | $0.58 | — | ||
| Q1 24 | $0.42 | — |
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 | $219.1M |
| Total DebtLower is stronger | $16.0K | — |
| Stockholders' EquityBook value | $1.1B | $275.6M |
| Total Assets | $1.8B | $703.7M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $219.1M | ||
| Q3 25 | $575.8M | $224.5M | ||
| Q2 25 | $558.4M | $225.8M | ||
| Q1 25 | $642.2M | $231.4M | ||
| Q4 24 | $640.7M | $239.8M | ||
| Q3 24 | $606.4M | $234.0M | ||
| Q2 24 | $559.9M | $240.9M | ||
| Q1 24 | $521.5M | $253.8M |
| 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 | — | $275.6M | ||
| Q3 25 | $1.1B | $272.0M | ||
| Q2 25 | $1.1B | $270.4M | ||
| Q1 25 | $1.1B | $309.9M | ||
| Q4 24 | $1.1B | $314.5M | ||
| Q3 24 | $1.1B | $315.2M | ||
| Q2 24 | $1.0B | $315.8M | ||
| Q1 24 | $1.0B | $320.4M |
| Q4 25 | — | $703.7M | ||
| Q3 25 | $1.8B | $698.9M | ||
| Q2 25 | $1.7B | $687.0M | ||
| Q1 25 | $1.7B | $690.1M | ||
| Q4 24 | $1.7B | $680.1M | ||
| Q3 24 | $1.6B | $678.2M | ||
| Q2 24 | $1.6B | $678.6M | ||
| Q1 24 | $1.6B | $692.5M |
| 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 | $4.4M |
| Free Cash FlowOCF − Capex | $25.2M | $-5.9M |
| FCF MarginFCF / Revenue | 12.0% | -3.0% |
| Capex IntensityCapex / Revenue | 11.8% | 5.3% |
| Cash ConversionOCF / Net Profit | 2.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.5M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.4M | ||
| Q3 25 | $50.1M | $5.8M | ||
| Q2 25 | $31.5M | $-427.0K | ||
| Q1 25 | $78.5M | $-3.7M | ||
| Q4 24 | $68.4M | $9.1M | ||
| Q3 24 | $75.1M | $-3.6M | ||
| Q2 24 | $76.5M | $-9.1M | ||
| Q1 24 | $41.5M | $-11.7M |
| Q4 25 | — | $-5.9M | ||
| Q3 25 | $25.2M | $-1.7M | ||
| Q2 25 | $-29.1M | $-7.4M | ||
| Q1 25 | $43.3M | $-9.2M | ||
| Q4 24 | $25.2M | $4.5M | ||
| Q3 24 | $50.7M | $-8.4M | ||
| Q2 24 | $56.5M | $-13.5M | ||
| Q1 24 | $-1.8M | $-16.1M |
| Q4 25 | — | -3.0% | ||
| Q3 25 | 12.0% | -0.9% | ||
| Q2 25 | -13.8% | -4.5% | ||
| Q1 25 | 20.4% | -6.1% | ||
| Q4 24 | 11.3% | 3.1% | ||
| Q3 24 | 24.0% | -6.0% | ||
| Q2 24 | 26.0% | -10.2% | ||
| Q1 24 | -0.8% | -13.1% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | 11.8% | 4.1% | ||
| Q2 25 | 28.7% | 4.3% | ||
| Q1 25 | 16.6% | 3.6% | ||
| Q4 24 | 19.4% | 3.1% | ||
| Q3 24 | 11.6% | 3.4% | ||
| Q2 24 | 9.2% | 3.3% | ||
| Q1 24 | 20.0% | 3.5% |
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.59× | — |
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% |
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
