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Side-by-side financial comparison of DIODES INC (DIOD) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.
National Vision Holdings, Inc. is the larger business by last-quarter revenue ($487.3M vs $391.6M, roughly 1.2× DIODES INC). DIODES INC runs the higher net margin — 2.6% vs 0.7%, a 1.9% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 7.9%). National Vision Holdings, Inc. produced more free cash flow last quarter ($30.3M vs $12.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 7.6%).
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.
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
DIOD vs EYE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $487.3M |
| Net Profit | $10.2M | $3.4M |
| Gross Margin | 31.1% | — |
| Operating Margin | 3.4% | 2.0% |
| Net Margin | 2.6% | 0.7% |
| Revenue YoY | 15.4% | 7.9% |
| Net Profit YoY | 23.8% | 139.8% |
| EPS (diluted) | $0.23 | $0.04 |
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 | $392.2M | $487.3M | ||
| Q2 25 | $366.2M | $486.4M | ||
| Q1 25 | $332.1M | $510.3M | ||
| Q4 24 | $339.3M | $437.3M | ||
| Q3 24 | $350.1M | $451.5M | ||
| Q2 24 | $319.8M | $451.7M | ||
| Q1 24 | $302.0M | $482.8M |
| Q4 25 | $10.2M | — | ||
| Q3 25 | $14.3M | $3.4M | ||
| Q2 25 | $46.1M | $8.7M | ||
| Q1 25 | $-4.4M | $14.2M | ||
| Q4 24 | $8.2M | $-28.6M | ||
| Q3 24 | $13.7M | $-8.5M | ||
| Q2 24 | $8.0M | $-3.1M | ||
| Q1 24 | $14.0M | $11.7M |
| 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 | 3.0% | 2.0% | ||
| Q2 25 | 2.6% | 3.4% | ||
| Q1 25 | 0.4% | 5.1% | ||
| Q4 24 | 3.5% | -5.8% | ||
| Q3 24 | 6.2% | -2.0% | ||
| Q2 24 | 1.2% | 0.1% | ||
| Q1 24 | 4.3% | 4.9% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.6% | 0.7% | ||
| Q2 25 | 12.6% | 1.8% | ||
| Q1 25 | -1.3% | 2.8% | ||
| Q4 24 | 2.4% | -6.5% | ||
| Q3 24 | 3.9% | -1.9% | ||
| Q2 24 | 2.5% | -0.7% | ||
| Q1 24 | 4.6% | 2.4% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.31 | $0.04 | ||
| Q2 25 | $0.99 | $0.11 | ||
| Q1 25 | $-0.10 | $0.18 | ||
| Q4 24 | $0.18 | $-0.36 | ||
| Q3 24 | $0.30 | $-0.11 | ||
| Q2 24 | $0.17 | $-0.04 | ||
| Q1 24 | $0.30 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $377.0M | $56.0M |
| Total DebtLower is stronger | $25.7M | $236.5M |
| Stockholders' EquityBook value | $1.9B | $858.8M |
| Total Assets | $2.4B | $2.0B |
| Debt / EquityLower = less leverage | 0.01× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | — | ||
| Q3 25 | $386.4M | $56.0M | ||
| Q2 25 | $327.3M | $48.5M | ||
| Q1 25 | $343.9M | $80.0M | ||
| Q4 24 | $316.1M | $73.9M | ||
| Q3 24 | $319.3M | $81.2M | ||
| Q2 24 | $273.9M | $179.5M | ||
| Q1 24 | $276.0M | $150.1M |
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | $236.5M | ||
| Q2 25 | $26.4M | $255.6M | ||
| Q1 25 | $20.5M | $244.7M | ||
| Q4 24 | $20.7M | $248.6M | ||
| Q3 24 | $22.2M | $252.8M | ||
| Q2 24 | $20.3M | $143.9M | ||
| Q1 24 | $20.9M | $448.6M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $858.8M | ||
| Q2 25 | $1.9B | $850.6M | ||
| Q1 25 | $1.8B | $836.2M | ||
| Q4 24 | $1.8B | $816.3M | ||
| Q3 24 | $1.8B | $840.0M | ||
| Q2 24 | $1.8B | $843.4M | ||
| Q1 24 | $1.7B | $841.3M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.4B | $2.0B | ||
| Q4 24 | $2.4B | $2.0B | ||
| Q3 24 | $2.4B | $2.0B | ||
| Q2 24 | $2.4B | $2.1B | ||
| Q1 24 | $2.4B | $2.2B |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | 0.28× | ||
| Q2 25 | 0.01× | 0.30× | ||
| Q1 25 | 0.01× | 0.29× | ||
| Q4 24 | 0.01× | 0.30× | ||
| Q3 24 | 0.01× | 0.30× | ||
| Q2 24 | 0.01× | 0.17× | ||
| Q1 24 | 0.01× | 0.53× |
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 | $38.1M | $46.6M |
| Free Cash FlowOCF − Capex | $12.4M | $30.3M |
| FCF MarginFCF / Revenue | 3.2% | 6.2% |
| Capex IntensityCapex / Revenue | 6.6% | 3.4% |
| Cash ConversionOCF / Net Profit | 3.74× | 13.83× |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | — | ||
| Q3 25 | $79.1M | $46.6M | ||
| Q2 25 | $41.5M | $54.3M | ||
| Q1 25 | $56.7M | $32.2M | ||
| Q4 24 | $81.8M | $30.3M | ||
| Q3 24 | $54.4M | $27.9M | ||
| Q2 24 | $14.4M | $51.5M | ||
| Q1 24 | $-31.1M | $24.0M |
| Q4 25 | $12.4M | — | ||
| Q3 25 | $62.8M | $30.3M | ||
| Q2 25 | $21.1M | $42.4M | ||
| Q1 25 | $40.8M | $12.0M | ||
| Q4 24 | $62.1M | $-1.7M | ||
| Q3 24 | $39.4M | $4.1M | ||
| Q2 24 | $-3.5M | $31.9M | ||
| Q1 24 | $-51.5M | $4.0M |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 16.0% | 6.2% | ||
| Q2 25 | 5.8% | 8.7% | ||
| Q1 25 | 12.3% | 2.4% | ||
| Q4 24 | 18.3% | -0.4% | ||
| Q3 24 | 11.2% | 0.9% | ||
| Q2 24 | -1.1% | 7.1% | ||
| Q1 24 | -17.1% | 0.8% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.2% | 3.4% | ||
| Q2 25 | 5.6% | 2.4% | ||
| Q1 25 | 4.8% | 4.0% | ||
| Q4 24 | 5.8% | 7.3% | ||
| Q3 24 | 4.3% | 5.3% | ||
| Q2 24 | 5.6% | 4.3% | ||
| Q1 24 | 6.7% | 4.1% |
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | 13.83× | ||
| Q2 25 | 0.90× | 6.22× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | 9.93× | — | ||
| Q3 24 | 3.95× | — | ||
| Q2 24 | 1.80× | — | ||
| Q1 24 | -2.22× | 2.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
EYE
Segment breakdown not available.
