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Side-by-side financial comparison of DIODES INC (DIOD) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
TIC Solutions, Inc. is the larger business by last-quarter revenue ($508.3M vs $391.6M, roughly 1.3× DIODES INC). DIODES INC runs the higher net margin — 2.6% vs -9.3%, a 11.9% gap on every dollar of revenue. TIC Solutions, Inc. produced more free cash flow last quarter ($37.1M vs $12.4M).
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 TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $508.3M |
| Net Profit | $10.2M | $-47.2M |
| Gross Margin | 31.1% | 35.2% |
| Operating Margin | 3.4% | -3.8% |
| Net Margin | 2.6% | -9.3% |
| Revenue YoY | 15.4% | — |
| Net Profit YoY | 23.8% | — |
| EPS (diluted) | $0.23 | — |
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 | $508.3M | ||
| Q3 25 | $392.2M | $473.9M | ||
| Q2 25 | $366.2M | $313.9M | ||
| Q1 25 | $332.1M | $234.2M | ||
| Q4 24 | $339.3M | — | ||
| Q3 24 | $350.1M | — | ||
| Q2 24 | $319.8M | — | ||
| Q1 24 | $302.0M | — |
| Q4 25 | $10.2M | $-47.2M | ||
| Q3 25 | $14.3M | $-13.9M | ||
| Q2 25 | $46.1M | $-233.0K | ||
| Q1 25 | $-4.4M | $-25.8M | ||
| Q4 24 | $8.2M | — | ||
| Q3 24 | $13.7M | — | ||
| Q2 24 | $8.0M | — | ||
| Q1 24 | $14.0M | — |
| Q4 25 | 31.1% | 35.2% | ||
| Q3 25 | 30.7% | 32.2% | ||
| Q2 25 | 31.5% | 23.6% | ||
| Q1 25 | 31.5% | 18.6% | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 33.7% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 33.0% | — |
| Q4 25 | 3.4% | -3.8% | ||
| Q3 25 | 3.0% | -1.4% | ||
| Q2 25 | 2.6% | 5.8% | ||
| Q1 25 | 0.4% | -4.0% | ||
| Q4 24 | 3.5% | — | ||
| Q3 24 | 6.2% | — | ||
| Q2 24 | 1.2% | — | ||
| Q1 24 | 4.3% | — |
| Q4 25 | 2.6% | -9.3% | ||
| Q3 25 | 3.6% | -2.9% | ||
| Q2 25 | 12.6% | -0.1% | ||
| Q1 25 | -1.3% | -11.0% | ||
| Q4 24 | 2.4% | — | ||
| Q3 24 | 3.9% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 4.6% | — |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.31 | $-0.08 | ||
| Q2 25 | $0.99 | — | ||
| Q1 25 | $-0.10 | — | ||
| Q4 24 | $0.18 | — | ||
| Q3 24 | $0.30 | — | ||
| Q2 24 | $0.17 | — | ||
| Q1 24 | $0.30 | — |
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 | $439.5M |
| Total DebtLower is stronger | $25.7M | $1.6B |
| Stockholders' EquityBook value | $1.9B | $2.2B |
| Total Assets | $2.4B | $4.4B |
| Debt / EquityLower = less leverage | 0.01× | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | $439.5M | ||
| Q3 25 | $386.4M | $164.4M | ||
| Q2 25 | $327.3M | $130.1M | ||
| Q1 25 | $343.9M | $155.7M | ||
| Q4 24 | $316.1M | — | ||
| Q3 24 | $319.3M | — | ||
| Q2 24 | $273.9M | — | ||
| Q1 24 | $276.0M | — |
| Q4 25 | $25.7M | $1.6B | ||
| Q3 25 | $24.9M | $1.6B | ||
| Q2 25 | $26.4M | $751.3M | ||
| Q1 25 | $20.5M | $752.4M | ||
| Q4 24 | $20.7M | — | ||
| Q3 24 | $22.2M | — | ||
| Q2 24 | $20.3M | — | ||
| Q1 24 | $20.9M | — |
| Q4 25 | $1.9B | $2.2B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.9B | $1.2B | ||
| Q1 25 | $1.8B | $1.1B | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.7B | — |
| Q4 25 | $2.4B | $4.4B | ||
| Q3 25 | $2.5B | $4.2B | ||
| Q2 25 | $2.5B | $2.2B | ||
| Q1 25 | $2.4B | $2.2B | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $2.4B | — | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $2.4B | — |
| Q4 25 | 0.01× | 0.74× | ||
| Q3 25 | 0.01× | 0.83× | ||
| Q2 25 | 0.01× | 0.64× | ||
| Q1 25 | 0.01× | 0.67× | ||
| 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 | $49.7M |
| Free Cash FlowOCF − Capex | $12.4M | $37.1M |
| FCF MarginFCF / Revenue | 3.2% | 7.3% |
| Capex IntensityCapex / Revenue | 6.6% | 2.5% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | $49.7M | ||
| Q3 25 | $79.1M | $19.0M | ||
| Q2 25 | $41.5M | $-6.5M | ||
| Q1 25 | $56.7M | $32.8M | ||
| Q4 24 | $81.8M | — | ||
| Q3 24 | $54.4M | — | ||
| Q2 24 | $14.4M | — | ||
| Q1 24 | $-31.1M | — |
| Q4 25 | $12.4M | $37.1M | ||
| Q3 25 | $62.8M | $10.3M | ||
| Q2 25 | $21.1M | $-14.5M | ||
| Q1 25 | $40.8M | $28.3M | ||
| Q4 24 | $62.1M | — | ||
| Q3 24 | $39.4M | — | ||
| Q2 24 | $-3.5M | — | ||
| Q1 24 | $-51.5M | — |
| Q4 25 | 3.2% | 7.3% | ||
| Q3 25 | 16.0% | 2.2% | ||
| Q2 25 | 5.8% | -4.6% | ||
| Q1 25 | 12.3% | 12.1% | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 11.2% | — | ||
| Q2 24 | -1.1% | — | ||
| Q1 24 | -17.1% | — |
| Q4 25 | 6.6% | 2.5% | ||
| Q3 25 | 4.2% | 1.8% | ||
| Q2 25 | 5.6% | 2.6% | ||
| Q1 25 | 4.8% | 1.9% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 4.3% | — | ||
| Q2 24 | 5.6% | — | ||
| Q1 24 | 6.7% | — |
| Q4 25 | 3.74× | — | ||
| 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% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
