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Side-by-side financial comparison of DIODES INC (DIOD) and Innovex International, Inc. (INVX). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $273.6M, roughly 1.4× Innovex International, Inc.). Innovex International, Inc. runs the higher net margin — 5.1% vs 2.6%, a 2.5% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 13.9%).
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.
DIOD vs INVX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $273.6M |
| Net Profit | $10.2M | $14.0M |
| Gross Margin | 31.1% | 28.9% |
| Operating Margin | 3.4% | 9.4% |
| Net Margin | 2.6% | 5.1% |
| Revenue YoY | 15.4% | 9.1% |
| Net Profit YoY | 23.8% | -56.1% |
| EPS (diluted) | $0.23 | $0.20 |
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 | $273.6M | ||
| Q3 25 | $392.2M | $240.0M | ||
| Q2 25 | $366.2M | $224.2M | ||
| Q1 25 | $332.1M | $240.4M | ||
| Q4 24 | $339.3M | $250.7M | ||
| Q3 24 | $350.1M | $151.8M | ||
| Q2 24 | $319.8M | $130.3M | ||
| Q1 24 | $302.0M | $128.0M |
| Q4 25 | $10.2M | $14.0M | ||
| Q3 25 | $14.3M | $39.2M | ||
| Q2 25 | $46.1M | $15.3M | ||
| Q1 25 | $-4.4M | $14.8M | ||
| Q4 24 | $8.2M | $31.8M | ||
| Q3 24 | $13.7M | $82.6M | ||
| Q2 24 | $8.0M | $9.5M | ||
| Q1 24 | $14.0M | $16.4M |
| Q4 25 | 31.1% | 28.9% | ||
| Q3 25 | 30.7% | 31.6% | ||
| Q2 25 | 31.5% | 32.0% | ||
| Q1 25 | 31.5% | 31.8% | ||
| Q4 24 | 32.7% | 33.9% | ||
| Q3 24 | 33.7% | 34.7% | ||
| Q2 24 | 33.6% | 35.3% | ||
| Q1 24 | 33.0% | 38.4% |
| Q4 25 | 3.4% | 9.4% | ||
| Q3 25 | 3.0% | 26.0% | ||
| Q2 25 | 2.6% | 10.1% | ||
| Q1 25 | 0.4% | 9.1% | ||
| Q4 24 | 3.5% | 10.7% | ||
| Q3 24 | 6.2% | -8.7% | ||
| Q2 24 | 1.2% | 10.0% | ||
| Q1 24 | 4.3% | 17.4% |
| Q4 25 | 2.6% | 5.1% | ||
| Q3 25 | 3.6% | 16.3% | ||
| Q2 25 | 12.6% | 6.8% | ||
| Q1 25 | -1.3% | 6.1% | ||
| Q4 24 | 2.4% | 12.7% | ||
| Q3 24 | 3.9% | 54.4% | ||
| Q2 24 | 2.5% | 7.3% | ||
| Q1 24 | 4.6% | 12.8% |
| Q4 25 | $0.23 | $0.20 | ||
| Q3 25 | $0.31 | $0.57 | ||
| Q2 25 | $0.99 | $0.22 | ||
| Q1 25 | $-0.10 | $0.21 | ||
| Q4 24 | $0.18 | $-0.03 | ||
| Q3 24 | $0.30 | $1.99 | ||
| Q2 24 | $0.17 | $0.30 | ||
| Q1 24 | $0.30 | $0.51 |
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 | — |
| Total DebtLower is stronger | $25.7M | $18.9M |
| Stockholders' EquityBook value | $1.9B | $1.1B |
| Total Assets | $2.4B | $1.3B |
| Debt / EquityLower = less leverage | 0.01× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | — | ||
| Q3 25 | $386.4M | — | ||
| Q2 25 | $327.3M | — | ||
| Q1 25 | $343.9M | — | ||
| Q4 24 | $316.1M | — | ||
| Q3 24 | $319.3M | — | ||
| Q2 24 | $273.9M | $185.6M | ||
| Q1 24 | $276.0M | $202.2M |
| Q4 25 | $25.7M | $18.9M | ||
| Q3 25 | $24.9M | $20.1M | ||
| Q2 25 | $26.4M | $34.8M | ||
| Q1 25 | $20.5M | $19.7M | ||
| Q4 24 | $20.7M | $24.9M | ||
| Q3 24 | $22.2M | $12.4M | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $20.9M | — |
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.9B | $1.0B | ||
| Q2 25 | $1.9B | $995.6M | ||
| Q1 25 | $1.8B | $978.4M | ||
| Q4 24 | $1.8B | $958.2M | ||
| Q3 24 | $1.8B | $904.4M | ||
| Q2 24 | $1.8B | $352.5M | ||
| Q1 24 | $1.7B | $344.3M |
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $2.5B | $1.3B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.4B | $1.2B | ||
| Q4 24 | $2.4B | $1.2B | ||
| Q3 24 | $2.4B | $1.1B | ||
| Q2 24 | $2.4B | $1.0B | ||
| Q1 24 | $2.4B | $1.0B |
| Q4 25 | 0.01× | 0.02× | ||
| Q3 25 | 0.01× | 0.02× | ||
| Q2 25 | 0.01× | 0.03× | ||
| Q1 25 | 0.01× | 0.02× | ||
| Q4 24 | 0.01× | 0.03× | ||
| Q3 24 | 0.01× | 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 | $38.1M | $52.2M |
| Free Cash FlowOCF − Capex | $12.4M | — |
| FCF MarginFCF / Revenue | 3.2% | — |
| Capex IntensityCapex / Revenue | 6.6% | — |
| Cash ConversionOCF / Net Profit | 3.74× | 3.74× |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | $52.2M | ||
| Q3 25 | $79.1M | $48.4M | ||
| Q2 25 | $41.5M | $59.2M | ||
| Q1 25 | $56.7M | $31.1M | ||
| Q4 24 | $81.8M | $36.3M | ||
| Q3 24 | $54.4M | $21.7M | ||
| Q2 24 | $14.4M | $22.8M | ||
| Q1 24 | $-31.1M | $12.6M |
| Q4 25 | $12.4M | — | ||
| Q3 25 | $62.8M | — | ||
| Q2 25 | $21.1M | — | ||
| Q1 25 | $40.8M | — | ||
| Q4 24 | $62.1M | — | ||
| Q3 24 | $39.4M | — | ||
| Q2 24 | $-3.5M | $16.6M | ||
| Q1 24 | $-51.5M | $7.8M |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 16.0% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | 12.3% | — | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | -1.1% | 12.7% | ||
| Q1 24 | -17.1% | 6.1% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.2% | — | ||
| Q2 25 | 5.6% | — | ||
| Q1 25 | 4.8% | — | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 5.6% | 4.7% | ||
| Q1 24 | 6.7% | 3.7% |
| Q4 25 | 3.74× | 3.74× | ||
| Q3 25 | 5.54× | 1.23× | ||
| Q2 25 | 0.90× | 3.86× | ||
| Q1 25 | — | 2.11× | ||
| Q4 24 | 9.93× | 1.14× | ||
| Q3 24 | 3.95× | 0.26× | ||
| Q2 24 | 1.80× | 2.39× | ||
| Q1 24 | -2.22× | 0.77× |
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% |
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
