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Side-by-side financial comparison of Circle Internet Group, Inc. (CRCL) and DIODES INC (DIOD). Click either name above to swap in a different company.
Circle Internet Group, Inc. is the larger business by last-quarter revenue ($739.8M vs $391.6M, roughly 1.9× DIODES INC). Circle Internet Group, Inc. runs the higher net margin — 29.0% vs 2.6%, a 26.4% gap on every dollar of revenue. On growth, Circle Internet Group, Inc. posted the faster year-over-year revenue change (5113.5% vs 15.4%). DIODES INC produced more free cash flow last quarter ($12.4M vs $-14.7M).
Circle is a payments technology company. Funded by Jeremy Allaire and Sean Neville in 2013, it is currently headquartered in New York City and issues two types of stablecoin: USDC, which has a conversion rate pegged to the U.S. dollar, and EURC, which is euro-denominated. It also issues USYC, a tokenized money market fund.
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
CRCL vs DIOD — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $739.8M | $391.6M |
| Net Profit | $214.4M | $10.2M |
| Gross Margin | — | 31.1% |
| Operating Margin | 11.0% | 3.4% |
| Net Margin | 29.0% | 2.6% |
| Revenue YoY | 5113.5% | 15.4% |
| Net Profit YoY | 202.0% | 23.8% |
| EPS (diluted) | $0.64 | $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 | — | $391.6M | ||
| Q3 25 | $739.8M | $392.2M | ||
| Q2 25 | $658.1M | $366.2M | ||
| Q1 25 | — | $332.1M | ||
| Q4 24 | — | $339.3M | ||
| Q3 24 | — | $350.1M | ||
| Q2 24 | $6.8M | $319.8M | ||
| Q1 24 | — | $302.0M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | $214.4M | $14.3M | ||
| Q2 25 | $-482.1M | $46.1M | ||
| Q1 25 | — | $-4.4M | ||
| Q4 24 | — | $8.2M | ||
| Q3 24 | — | $13.7M | ||
| Q2 24 | $32.9M | $8.0M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | 31.1% | ||
| Q3 25 | — | 30.7% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | 31.5% | ||
| Q4 24 | — | 32.7% | ||
| Q3 24 | — | 33.7% | ||
| Q2 24 | — | 33.6% | ||
| Q1 24 | — | 33.0% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 11.0% | 3.0% | ||
| Q2 25 | -49.5% | 2.6% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 3.5% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | — | 4.3% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | 29.0% | 3.6% | ||
| Q2 25 | -73.3% | 12.6% | ||
| Q1 25 | — | -1.3% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | — | 3.9% | ||
| Q2 24 | 486.5% | 2.5% | ||
| Q1 24 | — | 4.6% |
| Q4 25 | — | $0.23 | ||
| Q3 25 | $0.64 | $0.31 | ||
| Q2 25 | $-4.48 | $0.99 | ||
| Q1 25 | — | $-0.10 | ||
| Q4 24 | — | $0.18 | ||
| Q3 24 | — | $0.30 | ||
| Q2 24 | $0.00 | $0.17 | ||
| Q1 24 | — | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3B | $377.0M |
| Total DebtLower is stronger | — | $25.7M |
| Stockholders' EquityBook value | $3.0B | $1.9B |
| Total Assets | $76.8B | $2.4B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $377.0M | ||
| Q3 25 | $1.3B | $386.4M | ||
| Q2 25 | $1.1B | $327.3M | ||
| Q1 25 | — | $343.9M | ||
| Q4 24 | — | $316.1M | ||
| Q3 24 | — | $319.3M | ||
| Q2 24 | $457.5M | $273.9M | ||
| Q1 24 | — | $276.0M |
| Q4 25 | — | $25.7M | ||
| Q3 25 | — | $24.9M | ||
| Q2 25 | — | $26.4M | ||
| Q1 25 | — | $20.5M | ||
| Q4 24 | — | $20.7M | ||
| Q3 24 | — | $22.2M | ||
| Q2 24 | — | $20.3M | ||
| Q1 24 | — | $20.9M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | $3.0B | $1.9B | ||
| Q2 25 | $2.4B | $1.9B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | $1.8B | ||
| Q2 24 | $460.9M | $1.8B | ||
| Q1 24 | — | $1.7B |
| Q4 25 | — | $2.4B | ||
| Q3 25 | $76.8B | $2.5B | ||
| Q2 25 | $64.2B | $2.5B | ||
| Q1 25 | — | $2.4B | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | — | $2.4B |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.01× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.01× |
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 | $-10.7M | $38.1M |
| Free Cash FlowOCF − Capex | $-14.7M | $12.4M |
| FCF MarginFCF / Revenue | -2.0% | 3.2% |
| Capex IntensityCapex / Revenue | 0.5% | 6.6% |
| Cash ConversionOCF / Net Profit | -0.05× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $137.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $38.1M | ||
| Q3 25 | $-10.7M | $79.1M | ||
| Q2 25 | $303.7M | $41.5M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $81.8M | ||
| Q3 24 | — | $54.4M | ||
| Q2 24 | — | $14.4M | ||
| Q1 24 | — | $-31.1M |
| Q4 25 | — | $12.4M | ||
| Q3 25 | $-14.7M | $62.8M | ||
| Q2 25 | $296.3M | $21.1M | ||
| Q1 25 | — | $40.8M | ||
| Q4 24 | — | $62.1M | ||
| Q3 24 | — | $39.4M | ||
| Q2 24 | — | $-3.5M | ||
| Q1 24 | — | $-51.5M |
| Q4 25 | — | 3.2% | ||
| Q3 25 | -2.0% | 16.0% | ||
| Q2 25 | 45.0% | 5.8% | ||
| Q1 25 | — | 12.3% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 11.2% | ||
| Q2 24 | — | -1.1% | ||
| Q1 24 | — | -17.1% |
| Q4 25 | — | 6.6% | ||
| Q3 25 | 0.5% | 4.2% | ||
| Q2 25 | 1.1% | 5.6% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | — | 4.3% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | 6.7% |
| Q4 25 | — | 3.74× | ||
| Q3 25 | -0.05× | 5.54× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 9.93× | ||
| Q3 24 | — | 3.95× | ||
| Q2 24 | — | 1.80× | ||
| Q1 24 | — | -2.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRCL
Segment breakdown not available.
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
