vs
Side-by-side financial comparison of DIODES INC (DIOD) and Natera, Inc. (NTRA). Click either name above to swap in a different company.
Natera, Inc. is the larger business by last-quarter revenue ($665.5M vs $391.6M, roughly 1.7× DIODES INC). Natera, Inc. runs the higher net margin — 7.1% vs 2.6%, a 4.5% gap on every dollar of revenue. On growth, Natera, Inc. posted the faster year-over-year revenue change (39.8% vs 15.4%). Natera, Inc. produced more free cash flow last quarter ($37.8M vs $12.4M). Over the past eight quarters, Natera, Inc.'s revenue compounded faster (34.5% 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.
Natera, Inc. is a clinical genetic testing company based in Austin, Texas that specializes in non-invasive, cell-free DNA (cfDNA) testing technology, with a focus on women’s health, cancer, and organ health. Natera’s proprietary technology combines novel molecular biology techniques with a suite of bioinformatics software that allows detection down to a single molecule in a tube of blood. Natera operates CAP-accredited laboratories certified under the Clinical Laboratory Improvement Amendment...
DIOD vs NTRA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $665.5M |
| Net Profit | $10.2M | $47.3M |
| Gross Margin | 31.1% | — |
| Operating Margin | 3.4% | -3.4% |
| Net Margin | 2.6% | 7.1% |
| Revenue YoY | 15.4% | 39.8% |
| Net Profit YoY | 23.8% | 187.9% |
| EPS (diluted) | $0.23 | $0.36 |
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 | $665.5M | ||
| Q3 25 | $392.2M | $592.2M | ||
| Q2 25 | $366.2M | $546.6M | ||
| Q1 25 | $332.1M | $501.8M | ||
| Q4 24 | $339.3M | $476.1M | ||
| Q3 24 | $350.1M | $439.8M | ||
| Q2 24 | $319.8M | $413.4M | ||
| Q1 24 | $302.0M | $367.7M |
| Q4 25 | $10.2M | $47.3M | ||
| Q3 25 | $14.3M | $-87.5M | ||
| Q2 25 | $46.1M | $-100.9M | ||
| Q1 25 | $-4.4M | $-66.9M | ||
| Q4 24 | $8.2M | $-53.8M | ||
| Q3 24 | $13.7M | $-31.6M | ||
| Q2 24 | $8.0M | $-37.5M | ||
| Q1 24 | $14.0M | $-67.6M |
| 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 24 | 33.0% | — |
| Q4 25 | 3.4% | -3.4% | ||
| Q3 25 | 3.0% | -16.5% | ||
| Q2 25 | 2.6% | -20.2% | ||
| Q1 25 | 0.4% | -15.8% | ||
| Q4 24 | 3.5% | -13.6% | ||
| Q3 24 | 6.2% | -8.9% | ||
| Q2 24 | 1.2% | -10.6% | ||
| Q1 24 | 4.3% | -20.2% |
| Q4 25 | 2.6% | 7.1% | ||
| Q3 25 | 3.6% | -14.8% | ||
| Q2 25 | 12.6% | -18.5% | ||
| Q1 25 | -1.3% | -13.3% | ||
| Q4 24 | 2.4% | -11.3% | ||
| Q3 24 | 3.9% | -7.2% | ||
| Q2 24 | 2.5% | -9.1% | ||
| Q1 24 | 4.6% | -18.4% |
| Q4 25 | $0.23 | $0.36 | ||
| Q3 25 | $0.31 | $-0.64 | ||
| Q2 25 | $0.99 | $-0.74 | ||
| Q1 25 | $-0.10 | $-0.50 | ||
| Q4 24 | $0.18 | $-0.41 | ||
| Q3 24 | $0.30 | $-0.26 | ||
| Q2 24 | $0.17 | $-0.30 | ||
| Q1 24 | $0.30 | $-0.56 |
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 | — |
| Stockholders' EquityBook value | $1.9B | $1.7B |
| Total Assets | $2.4B | $2.4B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | — | ||
| Q3 25 | $386.4M | $1.0M | ||
| Q2 25 | $327.3M | $16.0M | ||
| Q1 25 | $343.9M | $17.8M | ||
| Q4 24 | $316.1M | $22.7M | ||
| Q3 24 | $319.3M | $29.5M | ||
| Q2 24 | $273.9M | $90.3M | ||
| Q1 24 | $276.0M | $69.1M |
| 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 24 | $20.9M | — |
| Q4 25 | $1.9B | $1.7B | ||
| Q3 25 | $1.9B | $1.3B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $1.2B | ||
| Q4 24 | $1.8B | $1.2B | ||
| Q3 24 | $1.8B | $878.5M | ||
| Q2 24 | $1.8B | $836.5M | ||
| Q1 24 | $1.7B | $794.1M |
| Q4 25 | $2.4B | $2.4B | ||
| Q3 25 | $2.5B | $1.8B | ||
| Q2 25 | $2.5B | $1.8B | ||
| Q1 25 | $2.4B | $1.7B | ||
| Q4 24 | $2.4B | $1.7B | ||
| Q3 24 | $2.4B | $1.6B | ||
| Q2 24 | $2.4B | $1.5B | ||
| Q1 24 | $2.4B | $1.5B |
| 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× | — | ||
| 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 | $73.9M |
| Free Cash FlowOCF − Capex | $12.4M | $37.8M |
| FCF MarginFCF / Revenue | 3.2% | 5.7% |
| Capex IntensityCapex / Revenue | 6.6% | 5.4% |
| Cash ConversionOCF / Net Profit | 3.74× | 1.56× |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $109.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | $73.9M | ||
| Q3 25 | $79.1M | $59.4M | ||
| Q2 25 | $41.5M | $37.6M | ||
| Q1 25 | $56.7M | $44.5M | ||
| Q4 24 | $81.8M | $52.9M | ||
| Q3 24 | $54.4M | $51.8M | ||
| Q2 24 | $14.4M | $4.0M | ||
| Q1 24 | $-31.1M | $27.0M |
| Q4 25 | $12.4M | $37.8M | ||
| Q3 25 | $62.8M | $37.0M | ||
| Q2 25 | $21.1M | $11.7M | ||
| Q1 25 | $40.8M | $22.6M | ||
| Q4 24 | $62.1M | $34.8M | ||
| Q3 24 | $39.4M | $35.5M | ||
| Q2 24 | $-3.5M | $-7.7M | ||
| Q1 24 | $-51.5M | $6.7M |
| Q4 25 | 3.2% | 5.7% | ||
| Q3 25 | 16.0% | 6.2% | ||
| Q2 25 | 5.8% | 2.1% | ||
| Q1 25 | 12.3% | 4.5% | ||
| Q4 24 | 18.3% | 7.3% | ||
| Q3 24 | 11.2% | 8.1% | ||
| Q2 24 | -1.1% | -1.9% | ||
| Q1 24 | -17.1% | 1.8% |
| Q4 25 | 6.6% | 5.4% | ||
| Q3 25 | 4.2% | 3.8% | ||
| Q2 25 | 5.6% | 4.7% | ||
| Q1 25 | 4.8% | 4.3% | ||
| Q4 24 | 5.8% | 3.8% | ||
| Q3 24 | 4.3% | 3.7% | ||
| Q2 24 | 5.6% | 2.8% | ||
| Q1 24 | 6.7% | 5.5% |
| Q4 25 | 3.74× | 1.56× | ||
| Q3 25 | 5.54× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.93× | — | ||
| Q3 24 | 3.95× | — | ||
| Q2 24 | 1.80× | — | ||
| Q1 24 | -2.22× | — |
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% |
NTRA
Segment breakdown not available.
