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Side-by-side financial comparison of PHOTRONICS INC (PLAB) and Yatsen Holding Ltd (YSG). Click either name above to swap in a different company.

PHOTRONICS INC is the larger business by last-quarter revenue ($210.4M vs $164.2M, roughly 1.3× Yatsen Holding Ltd). PHOTRONICS INC runs the higher net margin — 10.9% vs -0.5%, a 11.4% gap on every dollar of revenue. Over the past eight quarters, Yatsen Holding Ltd's revenue compounded faster (24.5% 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.

Yatsen Holding Ltd is a leading China-based beauty and personal care group. It develops and sells cosmetics, skincare products and fragrances under brands including Perfect Diary, Little Ondine and Abby's Choice, with core markets in mainland China, Southeast Asia, targeting Gen Z and young adult consumers.

PLAB vs YSG — Head-to-Head

Bigger by revenue
PLAB
PLAB
1.3× larger
PLAB
$210.4M
$164.2M
YSG
Higher net margin
PLAB
PLAB
11.4% more per $
PLAB
10.9%
-0.5%
YSG
Faster 2-yr revenue CAGR
YSG
YSG
Annualised
YSG
24.5%
-3.8%
PLAB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLAB
PLAB
YSG
YSG
Revenue
$210.4M
$164.2M
Net Profit
$22.9M
$-776.5K
Gross Margin
33.7%
77.8%
Operating Margin
22.9%
-34.0%
Net Margin
10.9%
-0.5%
Revenue YoY
-5.5%
Net Profit YoY
-32.4%
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
YSG
YSG
Q4 25
$164.2M
Q3 25
$210.4M
$95.1M
Q2 25
$211.0M
$110.9M
Q1 25
$212.1M
$106.6M
Q4 24
$222.6M
$147.0M
Q3 24
$211.0M
$102.3M
Q2 24
$217.0M
$118.1M
Q1 24
$216.3M
$106.0M
Net Profit
PLAB
PLAB
YSG
YSG
Q4 25
$-776.5K
Q3 25
$22.9M
$-17.0M
Q2 25
$8.9M
$-11.9M
Q1 25
$42.9M
$-17.2M
Q4 24
$33.9M
$-67.7M
Q3 24
$34.4M
$-28.2M
Q2 24
$36.3M
$-14.9M
Q1 24
$26.2M
$7.0M
Gross Margin
PLAB
PLAB
YSG
YSG
Q4 25
77.8%
Q3 25
33.7%
75.9%
Q2 25
36.9%
76.7%
Q1 25
35.6%
77.7%
Q4 24
37.0%
73.7%
Q3 24
35.6%
71.4%
Q2 24
36.5%
74.7%
Q1 24
36.6%
74.3%
Operating Margin
PLAB
PLAB
YSG
YSG
Q4 25
-34.0%
Q3 25
22.9%
-20.9%
Q2 25
26.4%
-17.0%
Q1 25
24.6%
-20.4%
Q4 24
25.1%
-50.3%
Q3 24
24.7%
-32.2%
Q2 24
25.8%
-15.7%
Q1 24
26.6%
-0.9%
Net Margin
PLAB
PLAB
YSG
YSG
Q4 25
-0.5%
Q3 25
10.9%
-17.9%
Q2 25
4.2%
-10.8%
Q1 25
20.2%
-16.1%
Q4 24
15.2%
-46.1%
Q3 24
16.3%
-27.6%
Q2 24
16.7%
-12.6%
Q1 24
12.1%
6.6%
EPS (diluted)
PLAB
PLAB
YSG
YSG
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
PLAB
PLAB
YSG
YSG
Cash + ST InvestmentsLiquidity on hand
$575.8M
$109.4M
Total DebtLower is stronger
$16.0K
Stockholders' EquityBook value
$1.1B
$428.9M
Total Assets
$1.8B
$550.1M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLAB
PLAB
YSG
YSG
Q4 25
$109.4M
Q3 25
$575.8M
$97.0M
Q2 25
$558.4M
$133.1M
Q1 25
$642.2M
$92.3M
Q4 24
$640.7M
$112.0M
Q3 24
$606.4M
$71.7M
Q2 24
$559.9M
$109.6M
Q1 24
$521.5M
$179.9M
Total Debt
PLAB
PLAB
YSG
YSG
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
Stockholders' Equity
PLAB
PLAB
YSG
YSG
Q4 25
$428.9M
Q3 25
$1.1B
$423.1M
Q2 25
$1.1B
$431.5M
Q1 25
$1.1B
$422.2M
Q4 24
$1.1B
$418.1M
Q3 24
$1.1B
$516.0M
Q2 24
$1.0B
$519.4M
Q1 24
$1.0B
$551.6M
Total Assets
PLAB
PLAB
YSG
YSG
Q4 25
$550.1M
Q3 25
$1.8B
$564.8M
Q2 25
$1.7B
$564.4M
Q1 25
$1.7B
$534.3M
Q4 24
$1.7B
$544.0M
Q3 24
$1.6B
$635.6M
Q2 24
$1.6B
$635.8M
Q1 24
$1.6B
$662.1M
Debt / Equity
PLAB
PLAB
YSG
YSG
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
PLAB
PLAB
YSG
YSG
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.

Operating Cash Flow
PLAB
PLAB
YSG
YSG
Q4 25
Q3 25
$50.1M
Q2 25
$31.5M
Q1 25
$78.5M
Q4 24
$68.4M
Q3 24
$75.1M
Q2 24
$76.5M
Q1 24
$41.5M
Free Cash Flow
PLAB
PLAB
YSG
YSG
Q4 25
Q3 25
$25.2M
Q2 25
$-29.1M
Q1 25
$43.3M
Q4 24
$25.2M
Q3 24
$50.7M
Q2 24
$56.5M
Q1 24
$-1.8M
FCF Margin
PLAB
PLAB
YSG
YSG
Q4 25
Q3 25
12.0%
Q2 25
-13.8%
Q1 25
20.4%
Q4 24
11.3%
Q3 24
24.0%
Q2 24
26.0%
Q1 24
-0.8%
Capex Intensity
PLAB
PLAB
YSG
YSG
Q4 25
Q3 25
11.8%
Q2 25
28.7%
Q1 25
16.6%
Q4 24
19.4%
Q3 24
11.6%
Q2 24
9.2%
Q1 24
20.0%
Cash Conversion
PLAB
PLAB
YSG
YSG
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
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%

YSG
YSG

Segment breakdown not available.

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