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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and MAGNACHIP SEMICONDUCTOR Corp (MX). Click either name above to swap in a different company.
MAGNACHIP SEMICONDUCTOR Corp is the larger business by last-quarter revenue ($40.6M vs $38.9M, roughly 1.0× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs -19.9%, a 44.6% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs -20.7%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $-4.8M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -3.4%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Magnachip Semiconductor Corp is a global semiconductor design and manufacturing firm specializing in high-performance analog and mixed-signal solutions. Its core products include display driver ICs, power management ICs and sensors, serving consumer electronics, automotive, industrial and communications markets worldwide.
CDXS vs MX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $40.6M |
| Net Profit | $9.6M | $-8.1M |
| Gross Margin | 94.8% | 9.3% |
| Operating Margin | 27.1% | -26.1% |
| Net Margin | 24.7% | -19.9% |
| Revenue YoY | 81.3% | -20.7% |
| Net Profit YoY | 192.5% | 50.4% |
| EPS (diluted) | $0.13 | $-0.23 |
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 | $38.9M | $40.6M | ||
| Q3 25 | $8.6M | $45.9M | ||
| Q2 25 | $15.3M | $47.6M | ||
| Q1 25 | $7.5M | $44.7M | ||
| Q4 24 | $21.5M | $51.2M | ||
| Q3 24 | $12.8M | $55.4M | ||
| Q2 24 | $8.0M | $46.4M | ||
| Q1 24 | $17.1M | $43.4M |
| Q4 25 | $9.6M | $-8.1M | ||
| Q3 25 | $-19.6M | $-13.1M | ||
| Q2 25 | $-13.3M | $323.0K | ||
| Q1 25 | $-20.7M | $-8.9M | ||
| Q4 24 | $-10.4M | $-16.3M | ||
| Q3 24 | $-20.6M | $-9.6M | ||
| Q2 24 | $-22.8M | $-13.0M | ||
| Q1 24 | $-11.5M | $-15.4M |
| Q4 25 | 94.8% | 9.3% | ||
| Q3 25 | 71.3% | 18.6% | ||
| Q2 25 | 86.3% | 20.4% | ||
| Q1 25 | 63.8% | 20.9% | ||
| Q4 24 | 83.0% | 21.7% | ||
| Q3 24 | 66.4% | 20.8% | ||
| Q2 24 | 56.6% | 21.1% | ||
| Q1 24 | 71.6% | 14.6% |
| Q4 25 | 27.1% | -26.1% | ||
| Q3 25 | -220.3% | -25.1% | ||
| Q2 25 | -83.9% | -15.6% | ||
| Q1 25 | -271.6% | -14.1% | ||
| Q4 24 | -34.2% | -12.5% | ||
| Q3 24 | -129.0% | -8.1% | ||
| Q2 24 | -284.9% | -12.3% | ||
| Q1 24 | -69.6% | -21.6% |
| Q4 25 | 24.7% | -19.9% | ||
| Q3 25 | -228.1% | -28.5% | ||
| Q2 25 | -86.6% | 0.7% | ||
| Q1 25 | -274.3% | -19.9% | ||
| Q4 24 | -48.4% | -31.8% | ||
| Q3 24 | -160.8% | -17.3% | ||
| Q2 24 | -285.2% | -28.0% | ||
| Q1 24 | -67.4% | -35.5% |
| Q4 25 | $0.13 | $-0.23 | ||
| Q3 25 | $-0.22 | $-0.36 | ||
| Q2 25 | $-0.16 | $0.01 | ||
| Q1 25 | $-0.25 | $-0.24 | ||
| Q4 24 | $-0.12 | $-0.44 | ||
| Q3 24 | $-0.29 | $-0.26 | ||
| Q2 24 | $-0.32 | $-0.34 | ||
| Q1 24 | $-0.16 | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.2M | $103.8M |
| Total DebtLower is stronger | $40.1M | — |
| Stockholders' EquityBook value | $50.5M | $248.3M |
| Total Assets | $147.8M | $351.5M |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $103.8M | ||
| Q3 25 | $58.7M | $108.0M | ||
| Q2 25 | $66.3M | $113.3M | ||
| Q1 25 | $59.8M | $132.7M | ||
| Q4 24 | $73.5M | $138.6M | ||
| Q3 24 | $90.3M | $151.1M | ||
| Q2 24 | $73.2M | $162.5M | ||
| Q1 24 | $85.5M | $171.6M |
| Q4 25 | $40.1M | — | ||
| Q3 25 | $39.7M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $29.2M | — | ||
| Q4 24 | $28.9M | — | ||
| Q3 24 | $28.6M | — | ||
| Q2 24 | $28.4M | — | ||
| Q1 24 | $28.1M | — |
| Q4 25 | $50.5M | $248.3M | ||
| Q3 25 | $38.5M | $255.3M | ||
| Q2 25 | $55.6M | $270.2M | ||
| Q1 25 | $49.6M | $269.2M | ||
| Q4 24 | $66.9M | $276.8M | ||
| Q3 24 | $73.4M | $299.6M | ||
| Q2 24 | $61.4M | $305.8M | ||
| Q1 24 | $79.3M | $321.9M |
| Q4 25 | $147.8M | $351.5M | ||
| Q3 25 | $124.0M | $359.6M | ||
| Q2 25 | $138.2M | $370.5M | ||
| Q1 25 | $128.9M | $373.9M | ||
| Q4 24 | $149.0M | $379.3M | ||
| Q3 24 | $148.2M | $411.4M | ||
| Q2 24 | $132.0M | $412.7M | ||
| Q1 24 | $149.6M | $426.2M |
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.35× | — |
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 | $20.1M | $5.4M |
| Free Cash FlowOCF − Capex | $19.6M | $-4.8M |
| FCF MarginFCF / Revenue | 50.3% | -11.9% |
| Capex IntensityCapex / Revenue | 1.3% | 25.3% |
| Cash ConversionOCF / Net Profit | 2.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $-54.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $5.4M | ||
| Q3 25 | $-7.7M | $162.0K | ||
| Q2 25 | $-18.0M | $-25.1M | ||
| Q1 25 | $-13.8M | $-4.7M | ||
| Q4 24 | $-16.5M | $11.9M | ||
| Q3 24 | $-13.0M | $-12.9M | ||
| Q2 24 | $-12.2M | $-1.1M | ||
| Q1 24 | $-7.8M | $-4.0M |
| Q4 25 | $19.6M | $-4.8M | ||
| Q3 25 | $-7.9M | $-7.5M | ||
| Q2 25 | $-20.5M | $-37.0M | ||
| Q1 25 | $-15.1M | $-4.9M | ||
| Q4 24 | $-18.2M | $4.4M | ||
| Q3 24 | $-14.0M | $-15.5M | ||
| Q2 24 | $-12.6M | $-2.0M | ||
| Q1 24 | $-8.9M | $-4.6M |
| Q4 25 | 50.3% | -11.9% | ||
| Q3 25 | -91.7% | -16.3% | ||
| Q2 25 | -133.6% | -77.7% | ||
| Q1 25 | -199.6% | -10.9% | ||
| Q4 24 | -85.0% | 8.7% | ||
| Q3 24 | -109.0% | -28.0% | ||
| Q2 24 | -157.5% | -4.3% | ||
| Q1 24 | -52.2% | -10.7% |
| Q4 25 | 1.3% | 25.3% | ||
| Q3 25 | 2.1% | 16.7% | ||
| Q2 25 | 16.4% | 24.9% | ||
| Q1 25 | 16.7% | 0.5% | ||
| Q4 24 | 8.3% | 14.5% | ||
| Q3 24 | 7.8% | 4.7% | ||
| Q2 24 | 5.0% | 1.9% | ||
| Q1 24 | 6.6% | 1.5% |
| Q4 25 | 2.09× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -77.81× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDXS
Segment breakdown not available.
MX
| Power Analog Solutions | $36.8M | 91% |
| Power Ic | $3.8M | 9% |
