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

KENNAMETAL INC is the larger business by last-quarter revenue ($529.5M vs $391.6M, roughly 1.4× DIODES INC). KENNAMETAL INC runs the higher net margin — 6.4% vs 2.6%, a 3.8% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 9.8%). KENNAMETAL INC produced more free cash flow last quarter ($42.4M vs $12.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 1.3%).

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.

Kennametal, Inc. is a manufacturer of high-performance cutting tools and engineered components used in the aerospace, defense, transportation and oil and gas drilling industries. Its customer base is global.

DIOD vs KMT — Head-to-Head

Bigger by revenue
KMT
KMT
1.4× larger
KMT
$529.5M
$391.6M
DIOD
Growing faster (revenue YoY)
DIOD
DIOD
+5.6% gap
DIOD
15.4%
9.8%
KMT
Higher net margin
KMT
KMT
3.8% more per $
KMT
6.4%
2.6%
DIOD
More free cash flow
KMT
KMT
$30.0M more FCF
KMT
$42.4M
$12.4M
DIOD
Faster 2-yr revenue CAGR
DIOD
DIOD
Annualised
DIOD
13.9%
1.3%
KMT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
DIOD
DIOD
KMT
KMT
Revenue
$391.6M
$529.5M
Net Profit
$10.2M
$33.9M
Gross Margin
31.1%
32.8%
Operating Margin
3.4%
9.9%
Net Margin
2.6%
6.4%
Revenue YoY
15.4%
9.8%
Net Profit YoY
23.8%
89.0%
EPS (diluted)
$0.23
$0.44

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
KMT
KMT
Q4 25
$391.6M
$529.5M
Q3 25
$392.2M
$498.0M
Q2 25
$366.2M
$516.4M
Q1 25
$332.1M
$486.4M
Q4 24
$339.3M
$482.1M
Q3 24
$350.1M
$481.9M
Q2 24
$319.8M
$543.3M
Q1 24
$302.0M
$515.8M
Net Profit
DIOD
DIOD
KMT
KMT
Q4 25
$10.2M
$33.9M
Q3 25
$14.3M
$23.3M
Q2 25
$46.1M
$21.6M
Q1 25
$-4.4M
$31.5M
Q4 24
$8.2M
$17.9M
Q3 24
$13.7M
$22.1M
Q2 24
$8.0M
$37.2M
Q1 24
$14.0M
$19.0M
Gross Margin
DIOD
DIOD
KMT
KMT
Q4 25
31.1%
32.8%
Q3 25
30.7%
31.0%
Q2 25
31.5%
28.2%
Q1 25
31.5%
32.1%
Q4 24
32.7%
30.1%
Q3 24
33.7%
31.3%
Q2 24
33.6%
31.5%
Q1 24
33.0%
29.7%
Operating Margin
DIOD
DIOD
KMT
KMT
Q4 25
3.4%
9.9%
Q3 25
3.0%
7.5%
Q2 25
2.6%
6.1%
Q1 25
0.4%
9.1%
Q4 24
3.5%
6.6%
Q3 24
6.2%
7.5%
Q2 24
1.2%
11.3%
Q1 24
4.3%
6.8%
Net Margin
DIOD
DIOD
KMT
KMT
Q4 25
2.6%
6.4%
Q3 25
3.6%
4.7%
Q2 25
12.6%
4.2%
Q1 25
-1.3%
6.5%
Q4 24
2.4%
3.7%
Q3 24
3.9%
4.6%
Q2 24
2.5%
6.8%
Q1 24
4.6%
3.7%
EPS (diluted)
DIOD
DIOD
KMT
KMT
Q4 25
$0.23
$0.44
Q3 25
$0.31
$0.30
Q2 25
$0.99
$0.28
Q1 25
$-0.10
$0.41
Q4 24
$0.18
$0.23
Q3 24
$0.30
$0.28
Q2 24
$0.17
$0.47
Q1 24
$0.30
$0.24

Balance Sheet & Financial Strength

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

Metric
DIOD
DIOD
KMT
KMT
Cash + ST InvestmentsLiquidity on hand
$377.0M
$129.3M
Total DebtLower is stronger
$25.7M
$597.2M
Stockholders' EquityBook value
$1.9B
$1.3B
Total Assets
$2.4B
$2.6B
Debt / EquityLower = less leverage
0.01×
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIOD
DIOD
KMT
KMT
Q4 25
$377.0M
$129.3M
Q3 25
$386.4M
$103.5M
Q2 25
$327.3M
$140.5M
Q1 25
$343.9M
$97.5M
Q4 24
$316.1M
$121.2M
Q3 24
$319.3M
$119.6M
Q2 24
$273.9M
$128.0M
Q1 24
$276.0M
$92.1M
Total Debt
DIOD
DIOD
KMT
KMT
Q4 25
$25.7M
$597.2M
Q3 25
$24.9M
$597.0M
Q2 25
$26.4M
$596.8M
Q1 25
$20.5M
$596.6M
Q4 24
$20.7M
$596.4M
Q3 24
$22.2M
$596.2M
Q2 24
$20.3M
$596.0M
Q1 24
$20.9M
$595.8M
Stockholders' Equity
DIOD
DIOD
KMT
KMT
Q4 25
$1.9B
$1.3B
Q3 25
$1.9B
$1.3B
Q2 25
$1.9B
$1.3B
Q1 25
$1.8B
$1.2B
Q4 24
$1.8B
$1.2B
Q3 24
$1.8B
$1.3B
Q2 24
$1.8B
$1.2B
Q1 24
$1.7B
$1.3B
Total Assets
DIOD
DIOD
KMT
KMT
Q4 25
$2.4B
$2.6B
Q3 25
$2.5B
$2.5B
Q2 25
$2.5B
$2.5B
Q1 25
$2.4B
$2.5B
Q4 24
$2.4B
$2.4B
Q3 24
$2.4B
$2.5B
Q2 24
$2.4B
$2.5B
Q1 24
$2.4B
$2.5B
Debt / Equity
DIOD
DIOD
KMT
KMT
Q4 25
0.01×
0.45×
Q3 25
0.01×
0.46×
Q2 25
0.01×
0.46×
Q1 25
0.01×
0.48×
Q4 24
0.01×
0.49×
Q3 24
0.01×
0.47×
Q2 24
0.01×
0.48×
Q1 24
0.01×
0.47×

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
KMT
KMT
Operating Cash FlowLast quarter
$38.1M
$55.1M
Free Cash FlowOCF − Capex
$12.4M
$42.4M
FCF MarginFCF / Revenue
3.2%
8.0%
Capex IntensityCapex / Revenue
6.6%
2.4%
Cash ConversionOCF / Net Profit
3.74×
1.63×
TTM Free Cash FlowTrailing 4 quarters
$137.2M
$99.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIOD
DIOD
KMT
KMT
Q4 25
$38.1M
$55.1M
Q3 25
$79.1M
$17.5M
Q2 25
$41.5M
$78.6M
Q1 25
$56.7M
$28.8M
Q4 24
$81.8M
$55.2M
Q3 24
$54.4M
$45.7M
Q2 24
$14.4M
$113.6M
Q1 24
$-31.1M
$75.2M
Free Cash Flow
DIOD
DIOD
KMT
KMT
Q4 25
$12.4M
$42.4M
Q3 25
$62.8M
$-5.5M
Q2 25
$21.1M
$57.1M
Q1 25
$40.8M
$5.3M
Q4 24
$62.1M
$35.9M
Q3 24
$39.4M
$21.0M
Q2 24
$-3.5M
$90.3M
Q1 24
$-51.5M
$48.4M
FCF Margin
DIOD
DIOD
KMT
KMT
Q4 25
3.2%
8.0%
Q3 25
16.0%
-1.1%
Q2 25
5.8%
11.1%
Q1 25
12.3%
1.1%
Q4 24
18.3%
7.5%
Q3 24
11.2%
4.4%
Q2 24
-1.1%
16.6%
Q1 24
-17.1%
9.4%
Capex Intensity
DIOD
DIOD
KMT
KMT
Q4 25
6.6%
2.4%
Q3 25
4.2%
4.6%
Q2 25
5.6%
4.2%
Q1 25
4.8%
4.8%
Q4 24
5.8%
4.0%
Q3 24
4.3%
5.1%
Q2 24
5.6%
4.3%
Q1 24
6.7%
5.2%
Cash Conversion
DIOD
DIOD
KMT
KMT
Q4 25
3.74×
1.63×
Q3 25
5.54×
0.75×
Q2 25
0.90×
3.64×
Q1 25
0.92×
Q4 24
9.93×
3.08×
Q3 24
3.95×
2.07×
Q2 24
1.80×
3.06×
Q1 24
-2.22×
3.96×

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%

KMT
KMT

Metal Cutting$331.1M63%
Infrastructure$198.5M37%

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