If you just need to find out if two files are identical, comparing file hashes can be inefficient, especially on large files.  There's no reason to read two whole files and do all the math if the second byte of each file is different.  If you don't need to store the hash value for later use, there may not be a need to calculate the hash value just to compare files.  This can be much faster:

<?php
define('READ_LEN', 4096);

if(files_identical('file1.txt', 'file2.txt'))
    echo 'files identical';
else
    echo 'files not identical';

//   pass two file names
//   returns TRUE if files are the same, FALSE otherwise
function files_identical($fn1, $fn2) {
    if(filetype($fn1) !== filetype($fn2))
        return FALSE;

    if(filesize($fn1) !== filesize($fn2))
        return FALSE;

    if(!$fp1 = fopen($fn1, 'rb'))
        return FALSE;

    if(!$fp2 = fopen($fn2, 'rb')) {
        fclose($fp1);
        return FALSE;
    }

    $same = TRUE;
    while (!feof($fp1) and !feof($fp2))
        if(fread($fp1, READ_LEN) !== fread($fp2, READ_LEN)) {
            $same = FALSE;
            break;
        }

    if(feof($fp1) !== feof($fp2))
        $same = FALSE;

    fclose($fp1);
    fclose($fp2);

    return $same;
}
?>