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

DIODES INC is the larger business by last-quarter revenue ($391.6M vs $202.3M, roughly 1.9× MARA Holdings, Inc.). DIODES INC runs the higher net margin — 2.6% vs -14298.3%, a 14300.9% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs -5.6%). DIODES INC produced more free cash flow last quarter ($12.4M vs $-1.2B). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 10.7%).

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.

MARA Holdings, Inc. is an American digital asset technology and cryptocurrency mining company headquartered in Fort Lauderdale, Florida. Founded in 2010, the company initially operated as a patent holding company before pivoting in the late 2010s to focus on blockchain infrastructure and digital assets.

DIOD vs MARA — Head-to-Head

Bigger by revenue
DIOD
DIOD
1.9× larger
DIOD
$391.6M
$202.3M
MARA
Growing faster (revenue YoY)
DIOD
DIOD
+21.0% gap
DIOD
15.4%
-5.6%
MARA
Higher net margin
DIOD
DIOD
14300.9% more per $
DIOD
2.6%
-14298.3%
MARA
More free cash flow
DIOD
DIOD
$1.2B more FCF
DIOD
$12.4M
$-1.2B
MARA
Faster 2-yr revenue CAGR
DIOD
DIOD
Annualised
DIOD
13.9%
10.7%
MARA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DIOD
DIOD
MARA
MARA
Revenue
$391.6M
$202.3M
Net Profit
$10.2M
$-1.7B
Gross Margin
31.1%
Operating Margin
3.4%
-11795.9%
Net Margin
2.6%
-14298.3%
Revenue YoY
15.4%
-5.6%
Net Profit YoY
23.8%
-423.5%
EPS (diluted)
$0.23
$-4.25

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
MARA
MARA
Q4 25
$391.6M
$202.3M
Q3 25
$392.2M
$252.4M
Q2 25
$366.2M
$238.5M
Q1 25
$332.1M
$213.9M
Q4 24
$339.3M
$214.4M
Q3 24
$350.1M
$131.6M
Q2 24
$319.8M
$145.1M
Q1 24
$302.0M
$165.2M
Net Profit
DIOD
DIOD
MARA
MARA
Q4 25
$10.2M
$-1.7B
Q3 25
$14.3M
$123.1M
Q2 25
$46.1M
$808.2M
Q1 25
$-4.4M
$-533.4M
Q4 24
$8.2M
$528.5M
Q3 24
$13.7M
$-124.8M
Q2 24
$8.0M
$-199.7M
Q1 24
$14.0M
$337.2M
Gross Margin
DIOD
DIOD
MARA
MARA
Q4 25
31.1%
Q3 25
30.7%
Q2 25
31.5%
Q1 25
31.5%
Q4 24
32.7%
-2613.4%
Q3 24
33.7%
-1065.0%
Q2 24
33.6%
-587.6%
Q1 24
33.0%
-289.4%
Operating Margin
DIOD
DIOD
MARA
MARA
Q4 25
3.4%
-11795.9%
Q3 25
3.0%
18.9%
Q2 25
2.6%
Q1 25
0.4%
-253.0%
Q4 24
3.5%
Q3 24
6.2%
-130.8%
Q2 24
1.2%
-160.1%
Q1 24
4.3%
Net Margin
DIOD
DIOD
MARA
MARA
Q4 25
2.6%
-14298.3%
Q3 25
3.6%
48.8%
Q2 25
12.6%
338.9%
Q1 25
-1.3%
-249.4%
Q4 24
2.4%
5367.4%
Q3 24
3.9%
-94.8%
Q2 24
2.5%
-137.6%
Q1 24
4.6%
204.1%
EPS (diluted)
DIOD
DIOD
MARA
MARA
Q4 25
$0.23
$-4.25
Q3 25
$0.31
$0.27
Q2 25
$0.99
$1.84
Q1 25
$-0.10
$-1.55
Q4 24
$0.18
$1.60
Q3 24
$0.30
$-0.42
Q2 24
$0.17
$-0.72
Q1 24
$0.30
$1.26

Balance Sheet & Financial Strength

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

Metric
DIOD
DIOD
MARA
MARA
Cash + ST InvestmentsLiquidity on hand
$377.0M
$547.1M
Total DebtLower is stronger
$25.7M
$3.6B
Stockholders' EquityBook value
$1.9B
$3.5B
Total Assets
$2.4B
$7.3B
Debt / EquityLower = less leverage
0.01×
1.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DIOD
DIOD
MARA
MARA
Q4 25
$377.0M
$547.1M
Q3 25
$386.4M
$826.4M
Q2 25
$327.3M
$109.5M
Q1 25
$343.9M
$196.2M
Q4 24
$316.1M
$391.8M
Q3 24
$319.3M
$164.3M
Q2 24
$273.9M
$256.0M
Q1 24
$276.0M
$324.3M
Total Debt
DIOD
DIOD
MARA
MARA
Q4 25
$25.7M
$3.6B
Q3 25
$24.9M
$3.2B
Q2 25
$26.4M
$2.3B
Q1 25
$20.5M
$2.3B
Q4 24
$20.7M
$2.4B
Q3 24
$22.2M
$618.7M
Q2 24
$20.3M
Q1 24
$20.9M
Stockholders' Equity
DIOD
DIOD
MARA
MARA
Q4 25
$1.9B
$3.5B
Q3 25
$1.9B
$5.2B
Q2 25
$1.9B
$4.8B
Q1 25
$1.8B
$3.7B
Q4 24
$1.8B
$4.1B
Q3 24
$1.8B
$2.9B
Q2 24
$1.8B
$2.6B
Q1 24
$1.7B
$2.5B
Total Assets
DIOD
DIOD
MARA
MARA
Q4 25
$2.4B
$7.3B
Q3 25
$2.5B
$9.2B
Q2 25
$2.5B
$7.7B
Q1 25
$2.4B
$6.4B
Q4 24
$2.4B
$6.8B
Q3 24
$2.4B
$3.6B
Q2 24
$2.4B
$3.1B
Q1 24
$2.4B
$3.0B
Debt / Equity
DIOD
DIOD
MARA
MARA
Q4 25
0.01×
1.04×
Q3 25
0.01×
0.63×
Q2 25
0.01×
0.47×
Q1 25
0.01×
0.62×
Q4 24
0.01×
0.59×
Q3 24
0.01×
0.22×
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
DIOD
DIOD
MARA
MARA
Operating Cash FlowLast quarter
$38.1M
$-802.7M
Free Cash FlowOCF − Capex
$12.4M
$-1.2B
FCF MarginFCF / Revenue
3.2%
-598.0%
Capex IntensityCapex / Revenue
6.6%
201.2%
Cash ConversionOCF / Net Profit
3.74×
TTM Free Cash FlowTrailing 4 quarters
$137.2M
$-2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DIOD
DIOD
MARA
MARA
Q4 25
$38.1M
$-802.7M
Q3 25
$79.1M
$-199.0M
Q2 25
$41.5M
$-163.4M
Q1 25
$56.7M
$-215.5M
Q4 24
$81.8M
$-677.0M
Q3 24
$54.4M
$-160.1M
Q2 24
$14.4M
$-115.2M
Q1 24
$-31.1M
$-88.3M
Free Cash Flow
DIOD
DIOD
MARA
MARA
Q4 25
$12.4M
$-1.2B
Q3 25
$62.8M
$-283.9M
Q2 25
$21.1M
$-282.4M
Q1 25
$40.8M
$-254.3M
Q4 24
$62.1M
$-927.8M
Q3 24
$39.4M
$-198.1M
Q2 24
$-3.5M
$-132.4M
Q1 24
$-51.5M
$-97.4M
FCF Margin
DIOD
DIOD
MARA
MARA
Q4 25
3.2%
-598.0%
Q3 25
16.0%
-112.5%
Q2 25
5.8%
-118.4%
Q1 25
12.3%
-118.9%
Q4 24
18.3%
-432.8%
Q3 24
11.2%
-150.5%
Q2 24
-1.1%
-91.2%
Q1 24
-17.1%
-59.0%
Capex Intensity
DIOD
DIOD
MARA
MARA
Q4 25
6.6%
201.2%
Q3 25
4.2%
33.6%
Q2 25
5.6%
49.9%
Q1 25
4.8%
18.2%
Q4 24
5.8%
117.0%
Q3 24
4.3%
28.9%
Q2 24
5.6%
11.9%
Q1 24
6.7%
5.5%
Cash Conversion
DIOD
DIOD
MARA
MARA
Q4 25
3.74×
Q3 25
5.54×
-1.62×
Q2 25
0.90×
-0.20×
Q1 25
Q4 24
9.93×
-1.28×
Q3 24
3.95×
Q2 24
1.80×
Q1 24
-2.22×
-0.26×

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%

MARA
MARA

Segment breakdown not available.

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