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Side-by-side financial comparison of CIRRUS LOGIC, INC. (CRUS) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $580.6M, roughly 2.0× CIRRUS LOGIC, INC.). CIRRUS LOGIC, INC. runs the higher net margin — 24.2% vs 9.9%, a 14.2% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 4.5%). CIRRUS LOGIC, INC. produced more free cash flow last quarter ($285.7M vs $-5.3M). Over the past eight quarters, CIRRUS LOGIC, INC.'s revenue compounded faster (25.0% CAGR vs 24.4%).
Cirrus Logic Inc. is an American fabless semiconductor supplier that specializes in analog, mixed-signal, and audio DSP integrated circuits (ICs). Since 1998, the company's headquarters have been in Austin, Texas.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
CRUS vs FN — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $580.6M | $1.1B |
| Net Profit | $140.3M | $112.6M |
| Gross Margin | 53.1% | 12.2% |
| Operating Margin | 26.3% | 10.1% |
| Net Margin | 24.2% | 9.9% |
| Revenue YoY | 4.5% | 35.9% |
| Net Profit YoY | 21.0% | 30.0% |
| EPS (diluted) | $2.66 | $3.11 |
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 | $580.6M | $1.1B | ||
| Q3 25 | $561.0M | $978.1M | ||
| Q2 25 | $407.3M | $909.7M | ||
| Q1 25 | $424.5M | $871.8M | ||
| Q4 24 | $555.7M | $833.6M | ||
| Q3 24 | $541.9M | $804.2M | ||
| Q2 24 | $374.0M | $753.3M | ||
| Q1 24 | $371.8M | $731.5M |
| Q4 25 | $140.3M | $112.6M | ||
| Q3 25 | $131.6M | $95.9M | ||
| Q2 25 | $60.7M | $87.2M | ||
| Q1 25 | $71.3M | $81.3M | ||
| Q4 24 | $116.0M | $86.6M | ||
| Q3 24 | $102.1M | $77.4M | ||
| Q2 24 | $42.1M | $81.1M | ||
| Q1 24 | $44.8M | $80.9M |
| Q4 25 | 53.1% | 12.2% | ||
| Q3 25 | 52.5% | 11.9% | ||
| Q2 25 | 52.6% | 12.2% | ||
| Q1 25 | 53.4% | 11.7% | ||
| Q4 24 | 53.6% | 12.1% | ||
| Q3 24 | 52.2% | 12.3% | ||
| Q2 24 | 50.5% | 12.3% | ||
| Q1 24 | 51.8% | 12.4% |
| Q4 25 | 26.3% | 10.1% | ||
| Q3 25 | 25.8% | 9.6% | ||
| Q2 25 | 17.8% | 9.8% | ||
| Q1 25 | 20.2% | 9.0% | ||
| Q4 24 | 26.2% | 9.5% | ||
| Q3 24 | 24.3% | 9.6% | ||
| Q2 24 | 12.5% | 9.7% | ||
| Q1 24 | 14.1% | 9.7% |
| Q4 25 | 24.2% | 9.9% | ||
| Q3 25 | 23.5% | 9.8% | ||
| Q2 25 | 14.9% | 9.6% | ||
| Q1 25 | 16.8% | 9.3% | ||
| Q4 24 | 20.9% | 10.4% | ||
| Q3 24 | 18.8% | 9.6% | ||
| Q2 24 | 11.3% | 10.8% | ||
| Q1 24 | 12.1% | 11.1% |
| Q4 25 | $2.66 | $3.11 | ||
| Q3 25 | $2.48 | $2.66 | ||
| Q2 25 | $1.14 | $2.41 | ||
| Q1 25 | $1.30 | $2.25 | ||
| Q4 24 | $2.11 | $2.38 | ||
| Q3 24 | $1.83 | $2.13 | ||
| Q2 24 | $0.76 | $2.22 | ||
| Q1 24 | $0.78 | $2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $778.1M | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $2.2B |
| Total Assets | $2.5B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $778.1M | $960.8M | ||
| Q3 25 | $593.5M | $968.8M | ||
| Q2 25 | $548.9M | $934.2M | ||
| Q1 25 | $539.6M | $950.7M | ||
| Q4 24 | $526.4M | $934.6M | ||
| Q3 24 | $445.8M | $908.9M | ||
| Q2 24 | $491.4M | $858.6M | ||
| Q1 24 | $502.8M | $794.0M |
| Q4 25 | $2.1B | $2.2B | ||
| Q3 25 | $2.0B | $2.1B | ||
| Q2 25 | $1.9B | $2.0B | ||
| Q1 25 | $1.9B | $1.9B | ||
| Q4 24 | $2.0B | $1.8B | ||
| Q3 24 | $1.9B | $1.8B | ||
| Q2 24 | $1.8B | $1.7B | ||
| Q1 24 | $1.8B | $1.7B |
| Q4 25 | $2.5B | $3.3B | ||
| Q3 25 | $2.4B | $3.0B | ||
| Q2 25 | $2.3B | $2.8B | ||
| Q1 25 | $2.3B | $2.6B | ||
| Q4 24 | $2.4B | $2.5B | ||
| Q3 24 | $2.4B | $2.4B | ||
| Q2 24 | $2.3B | $2.3B | ||
| Q1 24 | $2.2B | $2.2B |
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 | $290.8M | $46.3M |
| Free Cash FlowOCF − Capex | $285.7M | $-5.3M |
| FCF MarginFCF / Revenue | 49.2% | -0.5% |
| Capex IntensityCapex / Revenue | 0.9% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.07× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $614.5M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $290.8M | $46.3M | ||
| Q3 25 | $92.2M | $102.6M | ||
| Q2 25 | $116.1M | $55.1M | ||
| Q1 25 | $130.4M | $74.2M | ||
| Q4 24 | $218.6M | $115.9M | ||
| Q3 24 | $8.2M | $83.2M | ||
| Q2 24 | $87.2M | $83.1M | ||
| Q1 24 | $170.5M | $100.9M |
| Q4 25 | $285.7M | $-5.3M | ||
| Q3 25 | $88.3M | $57.3M | ||
| Q2 25 | $113.5M | $4.7M | ||
| Q1 25 | $127.0M | $45.7M | ||
| Q4 24 | $211.9M | $94.0M | ||
| Q3 24 | $5.6M | $62.9M | ||
| Q2 24 | $77.2M | $70.4M | ||
| Q1 24 | $163.5M | $87.3M |
| Q4 25 | 49.2% | -0.5% | ||
| Q3 25 | 15.7% | 5.9% | ||
| Q2 25 | 27.9% | 0.5% | ||
| Q1 25 | 29.9% | 5.2% | ||
| Q4 24 | 38.1% | 11.3% | ||
| Q3 24 | 1.0% | 7.8% | ||
| Q2 24 | 20.6% | 9.3% | ||
| Q1 24 | 44.0% | 11.9% |
| Q4 25 | 0.9% | 4.6% | ||
| Q3 25 | 0.7% | 4.6% | ||
| Q2 25 | 0.6% | 5.5% | ||
| Q1 25 | 0.8% | 3.3% | ||
| Q4 24 | 1.2% | 2.6% | ||
| Q3 24 | 0.5% | 2.5% | ||
| Q2 24 | 2.7% | 1.7% | ||
| Q1 24 | 1.9% | 1.9% |
| Q4 25 | 2.07× | 0.41× | ||
| Q3 25 | 0.70× | 1.07× | ||
| Q2 25 | 1.91× | 0.63× | ||
| Q1 25 | 1.83× | 0.91× | ||
| Q4 24 | 1.88× | 1.34× | ||
| Q3 24 | 0.08× | 1.07× | ||
| Q2 24 | 2.07× | 1.02× | ||
| Q1 24 | 3.80× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRUS
| Audio Products Segment | $344.5M | 59% |
| High Performance Mixed Signal Products | $236.2M | 41% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
