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Side-by-side financial comparison of DIODES INC (DIOD) and HUTCHMED (China) Ltd (HCM). Click either name above to swap in a different company.

DIODES INC is the larger business by last-quarter revenue ($391.6M vs $270.8M, roughly 1.4× HUTCHMED (China) Ltd). 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 -16.5%). DIODES INC produced more free cash flow last quarter ($12.4M vs $3.4M).

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.

HUTCHMED (China) Ltd is a biopharmaceutical firm focused on discovering, developing and commercializing targeted and immunotherapies for oncology and immunological diseases. It operates across China and global markets, with multiple marketed oncology drugs and a robust pipeline of late-stage clinical candidates addressing unmet patient needs.

DIOD vs HCM — Head-to-Head

Bigger by revenue
DIOD
DIOD
1.4× larger
DIOD
$391.6M
$270.8M
HCM
Growing faster (revenue YoY)
DIOD
DIOD
+32.0% gap
DIOD
15.4%
-16.5%
HCM
Higher net margin
DIOD
DIOD
1.9% more per $
DIOD
2.6%
0.7%
HCM
More free cash flow
DIOD
DIOD
$9.1M more FCF
DIOD
$12.4M
$3.4M
HCM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DIOD
DIOD
HCM
HCM
Revenue
$391.6M
$270.8M
Net Profit
$10.2M
$2.0M
Gross Margin
31.1%
37.7%
Operating Margin
3.4%
-13.2%
Net Margin
2.6%
0.7%
Revenue YoY
15.4%
-16.5%
Net Profit YoY
23.8%
-83.6%
EPS (diluted)
$0.23
$0.00

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
DIOD
DIOD
HCM
HCM
Q4 25
$391.6M
$270.8M
Q3 25
$392.2M
Q2 25
$366.2M
$277.7M
Q1 25
$332.1M
$324.5M
Q4 24
$339.3M
Q3 24
$350.1M
Q2 24
$319.8M
$305.7M
Q1 24
$302.0M
Net Profit
DIOD
DIOD
HCM
HCM
Q4 25
$10.2M
$2.0M
Q3 25
$14.3M
Q2 25
$46.1M
$455.0M
Q1 25
$-4.4M
$11.9M
Q4 24
$8.2M
Q3 24
$13.7M
Q2 24
$8.0M
$25.8M
Q1 24
$14.0M
Gross Margin
DIOD
DIOD
HCM
HCM
Q4 25
31.1%
37.7%
Q3 25
30.7%
Q2 25
31.5%
0.1%
Q1 25
31.5%
48.0%
Q4 24
32.7%
Q3 24
33.7%
Q2 24
33.6%
41.1%
Q1 24
33.0%
Operating Margin
DIOD
DIOD
HCM
HCM
Q4 25
3.4%
-13.2%
Q3 25
3.0%
Q2 25
2.6%
-1.3%
Q1 25
0.4%
-5.0%
Q4 24
3.5%
Q3 24
6.2%
Q2 24
1.2%
-9.0%
Q1 24
4.3%
Net Margin
DIOD
DIOD
HCM
HCM
Q4 25
2.6%
0.7%
Q3 25
3.6%
Q2 25
12.6%
163.8%
Q1 25
-1.3%
3.7%
Q4 24
2.4%
Q3 24
3.9%
Q2 24
2.5%
8.4%
Q1 24
4.6%
EPS (diluted)
DIOD
DIOD
HCM
HCM
Q4 25
$0.23
$0.00
Q3 25
$0.31
Q2 25
$0.99
$0.52
Q1 25
$-0.10
$0.01
Q4 24
$0.18
Q3 24
$0.30
Q2 24
$0.17
$0.03
Q1 24
$0.30

Balance Sheet & Financial Strength

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

Metric
DIOD
DIOD
HCM
HCM
Cash + ST InvestmentsLiquidity on hand
$377.0M
$1.4B
Total DebtLower is stronger
$25.7M
$93.2M
Stockholders' EquityBook value
$1.9B
$1.2B
Total Assets
$2.4B
$1.8B
Debt / EquityLower = less leverage
0.01×
0.08×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIOD
DIOD
HCM
HCM
Q4 25
$377.0M
$1.4B
Q3 25
$386.4M
Q2 25
$327.3M
$1.4B
Q1 25
$343.9M
$836.1M
Q4 24
$316.1M
Q3 24
$319.3M
Q2 24
$273.9M
$802.5M
Q1 24
$276.0M
Total Debt
DIOD
DIOD
HCM
HCM
Q4 25
$25.7M
$93.2M
Q3 25
$24.9M
Q2 25
$26.4M
$93.4M
Q1 25
$20.5M
$82.8M
Q4 24
$20.7M
Q3 24
$22.2M
Q2 24
$20.3M
$82.1M
Q1 24
$20.9M
Stockholders' Equity
DIOD
DIOD
HCM
HCM
Q4 25
$1.9B
$1.2B
Q3 25
$1.9B
Q2 25
$1.9B
$1.2B
Q1 25
$1.8B
$759.9M
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
$740.1M
Q1 24
$1.7B
Total Assets
DIOD
DIOD
HCM
HCM
Q4 25
$2.4B
$1.8B
Q3 25
$2.5B
Q2 25
$2.5B
$1.8B
Q1 25
$2.4B
$1.3B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
$1.3B
Q1 24
$2.4B
Debt / Equity
DIOD
DIOD
HCM
HCM
Q4 25
0.01×
0.08×
Q3 25
0.01×
Q2 25
0.01×
0.08×
Q1 25
0.01×
0.11×
Q4 24
0.01×
Q3 24
0.01×
Q2 24
0.01×
0.11×
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
DIOD
DIOD
HCM
HCM
Operating Cash FlowLast quarter
$38.1M
$8.2M
Free Cash FlowOCF − Capex
$12.4M
$3.4M
FCF MarginFCF / Revenue
3.2%
1.2%
Capex IntensityCapex / Revenue
6.6%
1.8%
Cash ConversionOCF / Net Profit
3.74×
4.21×
TTM Free Cash FlowTrailing 4 quarters
$137.2M
$-96.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIOD
DIOD
HCM
HCM
Q4 25
$38.1M
$8.2M
Q3 25
$79.1M
Q2 25
$41.5M
$-72.9M
Q1 25
$56.7M
$40.3M
Q4 24
$81.8M
Q3 24
$54.4M
Q2 24
$14.4M
$-39.8M
Q1 24
$-31.1M
Free Cash Flow
DIOD
DIOD
HCM
HCM
Q4 25
$12.4M
$3.4M
Q3 25
$62.8M
Q2 25
$21.1M
$-82.2M
Q1 25
$40.8M
$32.5M
Q4 24
$62.1M
Q3 24
$39.4M
Q2 24
$-3.5M
$-49.9M
Q1 24
$-51.5M
FCF Margin
DIOD
DIOD
HCM
HCM
Q4 25
3.2%
1.2%
Q3 25
16.0%
Q2 25
5.8%
-29.6%
Q1 25
12.3%
10.0%
Q4 24
18.3%
Q3 24
11.2%
Q2 24
-1.1%
-16.3%
Q1 24
-17.1%
Capex Intensity
DIOD
DIOD
HCM
HCM
Q4 25
6.6%
1.8%
Q3 25
4.2%
Q2 25
5.6%
3.3%
Q1 25
4.8%
2.4%
Q4 24
5.8%
Q3 24
4.3%
Q2 24
5.6%
3.3%
Q1 24
6.7%
Cash Conversion
DIOD
DIOD
HCM
HCM
Q4 25
3.74×
4.21×
Q3 25
5.54×
Q2 25
0.90×
-0.16×
Q1 25
3.38×
Q4 24
9.93×
Q3 24
3.95×
Q2 24
1.80×
-1.54×
Q1 24
-2.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DIOD
DIOD

Distributor$253.1M65%
Direct Sales$138.5M35%

HCM
HCM

Segment breakdown not available.

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