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Side-by-side financial comparison of COMERICA INC (CMA) and Microchip Technology (MCHP). Click either name above to swap in a different company.

Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $838.0M, roughly 1.6× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 11.0%, a 10.0% gap on every dollar of revenue. On growth, COMERICA INC posted the faster year-over-year revenue change (3.3% vs -72.2%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 2.8%).

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.

CMA vs MCHP — Head-to-Head

Bigger by revenue
MCHP
MCHP
1.6× larger
MCHP
$1.3B
$838.0M
CMA
Growing faster (revenue YoY)
CMA
CMA
+75.5% gap
CMA
3.3%
-72.2%
MCHP
Higher net margin
CMA
CMA
10.0% more per $
CMA
21.0%
11.0%
MCHP
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
2.8%
MCHP

Income Statement — Q3 FY2025 vs Q4 FY2026

Metric
CMA
CMA
MCHP
MCHP
Revenue
$838.0M
$1.3B
Net Profit
$176.0M
$144.2M
Gross Margin
61.0%
Operating Margin
16.6%
Net Margin
21.0%
11.0%
Revenue YoY
3.3%
-72.2%
Net Profit YoY
-4.3%
8.9%
EPS (diluted)
$1.35
$0.21

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
CMA
CMA
MCHP
MCHP
Q1 26
$1.3B
Q4 25
$1.2B
Q3 25
$838.0M
$1.1B
Q2 25
$849.0M
$1.1B
Q1 25
$829.0M
$970.5M
Q4 24
$825.0M
$1.0B
Q3 24
$811.0M
$1.2B
Q2 24
$824.0M
$1.2B
Net Profit
CMA
CMA
MCHP
MCHP
Q1 26
$144.2M
Q4 25
$62.7M
Q3 25
$176.0M
$41.7M
Q2 25
$199.0M
$-18.6M
Q1 25
$172.0M
$-154.6M
Q4 24
$170.0M
$-53.6M
Q3 24
$184.0M
$78.4M
Q2 24
$206.0M
$129.3M
Gross Margin
CMA
CMA
MCHP
MCHP
Q1 26
61.0%
Q4 25
59.6%
Q3 25
55.9%
Q2 25
53.6%
Q1 25
51.6%
Q4 24
54.7%
Q3 24
57.4%
Q2 24
59.4%
Operating Margin
CMA
CMA
MCHP
MCHP
Q1 26
16.6%
Q4 25
12.8%
Q3 25
7.8%
Q2 25
3.0%
Q1 25
-10.3%
Q4 24
3.0%
Q3 24
12.6%
Q2 24
17.7%
Net Margin
CMA
CMA
MCHP
MCHP
Q1 26
11.0%
Q4 25
5.3%
Q3 25
21.0%
3.7%
Q2 25
23.4%
-1.7%
Q1 25
20.7%
-15.9%
Q4 24
20.6%
-5.2%
Q3 24
22.7%
6.7%
Q2 24
25.0%
10.4%
EPS (diluted)
CMA
CMA
MCHP
MCHP
Q1 26
$0.21
Q4 25
$0.06
Q3 25
$1.35
$0.03
Q2 25
$1.42
$-0.09
Q1 25
$1.25
$-0.29
Q4 24
$1.22
$-0.10
Q3 24
$1.33
$0.14
Q2 24
$1.49
$0.24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMA
CMA
MCHP
MCHP
Cash + ST InvestmentsLiquidity on hand
$240.3M
Total DebtLower is stronger
$5.4B
$5.5B
Stockholders' EquityBook value
$7.4B
$6.4B
Total Assets
$77.4B
$14.4B
Debt / EquityLower = less leverage
0.73×
0.85×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMA
CMA
MCHP
MCHP
Q1 26
$240.3M
Q4 25
$250.7M
Q3 25
$236.8M
Q2 25
$566.5M
Q1 25
$771.7M
Q4 24
$586.0M
Q3 24
$286.1M
Q2 24
$315.1M
Total Debt
CMA
CMA
MCHP
MCHP
Q1 26
$5.5B
Q4 25
$5.4B
Q3 25
$5.4B
$5.4B
Q2 25
$5.8B
$5.5B
Q1 25
$5.7B
$5.6B
Q4 24
$6.7B
$6.7B
Q3 24
$6.8B
$6.4B
Q2 24
$7.1B
$6.2B
Stockholders' Equity
CMA
CMA
MCHP
MCHP
Q1 26
$6.4B
Q4 25
$6.6B
Q3 25
$7.4B
$6.7B
Q2 25
$6.9B
$6.9B
Q1 25
$7.1B
$7.1B
Q4 24
$6.5B
$6.0B
Q3 24
$7.4B
$6.3B
Q2 24
$6.2B
$6.4B
Total Assets
CMA
CMA
MCHP
MCHP
Q1 26
$14.4B
Q4 25
$14.3B
Q3 25
$77.4B
$14.5B
Q2 25
$78.0B
$15.0B
Q1 25
$77.6B
$15.4B
Q4 24
$79.3B
$15.6B
Q3 24
$79.7B
$15.6B
Q2 24
$79.6B
$15.8B
Debt / Equity
CMA
CMA
MCHP
MCHP
Q1 26
0.85×
Q4 25
0.82×
Q3 25
0.73×
0.80×
Q2 25
0.84×
0.80×
Q1 25
0.81×
0.80×
Q4 24
1.02×
1.12×
Q3 24
0.92×
1.02×
Q2 24
1.15×
0.96×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMA
CMA
MCHP
MCHP
Operating Cash FlowLast quarter
$-270.0M
Free Cash FlowOCF − Capex
$242.8M
FCF MarginFCF / Revenue
18.5%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
-1.53×
TTM Free Cash FlowTrailing 4 quarters
$871.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMA
CMA
MCHP
MCHP
Q1 26
Q4 25
$341.4M
Q3 25
$-270.0M
$88.1M
Q2 25
$476.0M
$275.6M
Q1 25
$273.0M
$205.9M
Q4 24
$601.0M
$271.5M
Q3 24
$1.0B
$43.6M
Q2 24
$111.0M
$377.1M
Free Cash Flow
CMA
CMA
MCHP
MCHP
Q1 26
$242.8M
Q4 25
$318.9M
Q3 25
$51.6M
Q2 25
$257.7M
Q1 25
$191.7M
Q4 24
$253.4M
Q3 24
$22.8M
Q2 24
$304.2M
FCF Margin
CMA
CMA
MCHP
MCHP
Q1 26
18.5%
Q4 25
26.9%
Q3 25
4.5%
Q2 25
24.0%
Q1 25
19.8%
Q4 24
24.7%
Q3 24
2.0%
Q2 24
24.5%
Capex Intensity
CMA
CMA
MCHP
MCHP
Q1 26
1.1%
Q4 25
1.9%
Q3 25
3.2%
Q2 25
1.7%
Q1 25
1.5%
Q4 24
1.8%
Q3 24
1.8%
Q2 24
5.9%
Cash Conversion
CMA
CMA
MCHP
MCHP
Q1 26
Q4 25
5.44×
Q3 25
-1.53×
2.11×
Q2 25
2.39×
Q1 25
1.59×
Q4 24
3.54×
Q3 24
5.70×
0.56×
Q2 24
0.54×
2.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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