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Side-by-side financial comparison of DIODES INC (DIOD) and MarketAxess (MKTX). Click either name above to swap in a different company.
DIODES INC is the larger business by last-quarter revenue ($391.6M vs $233.4M, roughly 1.7× MarketAxess). MarketAxess runs the higher net margin — 33.4% vs 2.6%, a 30.8% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 11.9%). MarketAxess produced more free cash flow last quarter ($15.9M vs $12.4M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 8.7%).
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.
MarketAxess Holdings Inc. is an international financial technology company that operates an electronic trading platform for the institutional credit markets, and also provides market data and post-trade services. It enables institutional investors and broker-dealers to trade credit instruments, including corporate bonds, and other types of fixed income products.
DIOD vs MKTX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $233.4M |
| Net Profit | $10.2M | $78.0M |
| Gross Margin | 31.1% | — |
| Operating Margin | 3.4% | 43.2% |
| Net Margin | 2.6% | 33.4% |
| Revenue YoY | 15.4% | 11.9% |
| Net Profit YoY | 23.8% | 418.5% |
| EPS (diluted) | $0.23 | $2.20 |
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.
| Q1 26 | — | $233.4M | ||
| Q4 25 | $391.6M | $209.4M | ||
| Q3 25 | $392.2M | $208.8M | ||
| Q2 25 | $366.2M | $219.5M | ||
| Q1 25 | $332.1M | $208.6M | ||
| Q4 24 | $339.3M | $202.4M | ||
| Q3 24 | $350.1M | $206.7M | ||
| Q2 24 | $319.8M | $197.7M |
| Q1 26 | — | $78.0M | ||
| Q4 25 | $10.2M | $92.2M | ||
| Q3 25 | $14.3M | $68.2M | ||
| Q2 25 | $46.1M | $71.1M | ||
| Q1 25 | $-4.4M | $15.1M | ||
| Q4 24 | $8.2M | $65.1M | ||
| Q3 24 | $13.7M | $71.5M | ||
| Q2 24 | $8.0M | $64.9M |
| Q1 26 | — | — | ||
| 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 26 | — | 43.2% | ||
| Q4 25 | 3.4% | 36.3% | ||
| Q3 25 | 3.0% | 41.0% | ||
| Q2 25 | 2.6% | 41.9% | ||
| Q1 25 | 0.4% | 42.4% | ||
| Q4 24 | 3.5% | 39.5% | ||
| Q3 24 | 6.2% | 42.1% | ||
| Q2 24 | 1.2% | 41.2% |
| Q1 26 | — | 33.4% | ||
| Q4 25 | 2.6% | 44.0% | ||
| Q3 25 | 3.6% | 32.6% | ||
| Q2 25 | 12.6% | 32.4% | ||
| Q1 25 | -1.3% | 7.2% | ||
| Q4 24 | 2.4% | 32.2% | ||
| Q3 24 | 3.9% | 34.6% | ||
| Q2 24 | 2.5% | 32.9% |
| Q1 26 | — | $2.20 | ||
| Q4 25 | $0.23 | $2.49 | ||
| Q3 25 | $0.31 | $1.84 | ||
| Q2 25 | $0.99 | $1.91 | ||
| Q1 25 | $-0.10 | $0.40 | ||
| Q4 24 | $0.18 | $1.74 | ||
| Q3 24 | $0.30 | $1.90 | ||
| Q2 24 | $0.17 | $1.72 |
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 | $377.3M |
| Total DebtLower is stronger | $25.7M | — |
| Stockholders' EquityBook value | $1.9B | $1.2B |
| Total Assets | $2.4B | $2.3B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $377.3M | ||
| Q4 25 | $377.0M | $519.7M | ||
| Q3 25 | $386.4M | $473.3M | ||
| Q2 25 | $327.3M | $462.8M | ||
| Q1 25 | $343.9M | $486.2M | ||
| Q4 24 | $316.1M | $544.5M | ||
| Q3 24 | $319.3M | $446.3M | ||
| Q2 24 | $273.9M | $434.1M |
| Q1 26 | — | — | ||
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | — | ||
| Q2 25 | $26.4M | — | ||
| Q1 25 | $20.5M | — | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $20.3M | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.9B | $1.1B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.8B | $1.3B |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $2.4B | $1.9B | ||
| Q3 25 | $2.5B | $2.0B | ||
| Q2 25 | $2.5B | $2.0B | ||
| Q1 25 | $2.4B | $1.9B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.4B | $1.8B | ||
| Q2 24 | $2.4B | $1.9B |
| Q1 26 | — | — | ||
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | — | ||
| Q1 25 | 0.01× | — | ||
| Q4 24 | 0.01× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $12.4M | $15.9M |
| FCF MarginFCF / Revenue | 3.2% | 6.8% |
| Capex IntensityCapex / Revenue | 6.6% | — |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $581.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.1M | $382.1M | ||
| Q3 25 | $79.1M | $90.2M | ||
| Q2 25 | $41.5M | $103.7M | ||
| Q1 25 | $56.7M | $29.6M | ||
| Q4 24 | $81.8M | $385.2M | ||
| Q3 24 | $54.4M | $95.1M | ||
| Q2 24 | $14.4M | $118.8M |
| Q1 26 | — | $15.9M | ||
| Q4 25 | $12.4M | $373.9M | ||
| Q3 25 | $62.8M | $88.7M | ||
| Q2 25 | $21.1M | $102.5M | ||
| Q1 25 | $40.8M | $27.7M | ||
| Q4 24 | $62.1M | $375.3M | ||
| Q3 24 | $39.4M | $94.3M | ||
| Q2 24 | $-3.5M | $111.2M |
| Q1 26 | — | 6.8% | ||
| Q4 25 | 3.2% | 178.6% | ||
| Q3 25 | 16.0% | 42.5% | ||
| Q2 25 | 5.8% | 46.7% | ||
| Q1 25 | 12.3% | 13.3% | ||
| Q4 24 | 18.3% | 185.4% | ||
| Q3 24 | 11.2% | 45.6% | ||
| Q2 24 | -1.1% | 56.2% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 3.9% | ||
| Q3 25 | 4.2% | 0.7% | ||
| Q2 25 | 5.6% | 0.5% | ||
| Q1 25 | 4.8% | 0.9% | ||
| Q4 24 | 5.8% | 4.9% | ||
| Q3 24 | 4.3% | 0.4% | ||
| Q2 24 | 5.6% | 3.9% |
| Q1 26 | — | — | ||
| Q4 25 | 3.74× | 4.14× | ||
| Q3 25 | 5.54× | 1.32× | ||
| Q2 25 | 0.90× | 1.46× | ||
| Q1 25 | — | 1.97× | ||
| Q4 24 | 9.93× | 5.91× | ||
| Q3 24 | 3.95× | 1.33× | ||
| Q2 24 | 1.80× | 1.83× |
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% |
MKTX
| Commissions | $203.5M | 87% |
| Information services | $14.4M | 6% |
| Post-trade services | $11.6M | 5% |
| Technology services | $3.9M | 2% |
