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Side-by-side financial comparison of DIODES INC (DIOD) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $391.6M, roughly 1.3× DIODES INC). DIODES INC runs the higher net margin — 2.6% vs 0.4%, a 2.2% gap on every dollar of revenue. On growth, DIODES INC posted the faster year-over-year revenue change (15.4% vs 4.4%). DIODES INC produced more free cash flow last quarter ($12.4M vs $-12.9M). Over the past eight quarters, DIODES INC's revenue compounded faster (13.9% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
DIOD vs ZEUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $490.7M |
| Net Profit | $10.2M | $2.2M |
| Gross Margin | 31.1% | — |
| Operating Margin | 3.4% | 1.5% |
| Net Margin | 2.6% | 0.4% |
| Revenue YoY | 15.4% | 4.4% |
| Net Profit YoY | 23.8% | -21.2% |
| EPS (diluted) | $0.23 | $0.18 |
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 | — | ||
| Q3 25 | $392.2M | $490.7M | ||
| Q2 25 | $366.2M | $496.5M | ||
| Q1 25 | $332.1M | $492.9M | ||
| Q4 24 | $339.3M | $418.8M | ||
| Q3 24 | $350.1M | $470.0M | ||
| Q2 24 | $319.8M | $526.3M | ||
| Q1 24 | $302.0M | $526.6M |
| Q4 25 | $10.2M | — | ||
| Q3 25 | $14.3M | $2.2M | ||
| Q2 25 | $46.1M | $5.2M | ||
| Q1 25 | $-4.4M | $2.5M | ||
| Q4 24 | $8.2M | $3.9M | ||
| Q3 24 | $13.7M | $2.7M | ||
| Q2 24 | $8.0M | $7.7M | ||
| Q1 24 | $14.0M | $8.7M |
| 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% | — | ||
| Q3 25 | 3.0% | 1.5% | ||
| Q2 25 | 2.6% | 2.3% | ||
| Q1 25 | 0.4% | 1.6% | ||
| Q4 24 | 3.5% | 2.1% | ||
| Q3 24 | 6.2% | 1.7% | ||
| Q2 24 | 1.2% | 2.9% | ||
| Q1 24 | 4.3% | 3.0% |
| Q4 25 | 2.6% | — | ||
| Q3 25 | 3.6% | 0.4% | ||
| Q2 25 | 12.6% | 1.1% | ||
| Q1 25 | -1.3% | 0.5% | ||
| Q4 24 | 2.4% | 0.9% | ||
| Q3 24 | 3.9% | 0.6% | ||
| Q2 24 | 2.5% | 1.5% | ||
| Q1 24 | 4.6% | 1.7% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.31 | $0.18 | ||
| Q2 25 | $0.99 | $0.45 | ||
| Q1 25 | $-0.10 | $0.21 | ||
| Q4 24 | $0.18 | $0.33 | ||
| Q3 24 | $0.30 | $0.23 | ||
| Q2 24 | $0.17 | $0.66 | ||
| Q1 24 | $0.30 | $0.75 |
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 | $7.5M |
| Total DebtLower is stronger | $25.7M | $240.9M |
| Stockholders' EquityBook value | $1.9B | $579.1M |
| Total Assets | $2.4B | $1.1B |
| Debt / EquityLower = less leverage | 0.01× | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | — | ||
| Q3 25 | $386.4M | $7.5M | ||
| Q2 25 | $327.3M | $14.8M | ||
| Q1 25 | $343.9M | $13.3M | ||
| Q4 24 | $316.1M | $11.9M | ||
| Q3 24 | $319.3M | $11.1M | ||
| Q2 24 | $273.9M | $9.4M | ||
| Q1 24 | $276.0M | $10.3M |
| Q4 25 | $25.7M | — | ||
| Q3 25 | $24.9M | $240.9M | ||
| Q2 25 | $26.4M | $233.2M | ||
| Q1 25 | $20.5M | $235.4M | ||
| Q4 24 | $20.7M | $272.5M | ||
| Q3 24 | $22.2M | $197.3M | ||
| Q2 24 | $20.3M | $209.2M | ||
| Q1 24 | $20.9M | $196.8M |
| Q4 25 | $1.9B | — | ||
| Q3 25 | $1.9B | $579.1M | ||
| Q2 25 | $1.9B | $578.2M | ||
| Q1 25 | $1.8B | $574.2M | ||
| Q4 24 | $1.8B | $573.9M | ||
| Q3 24 | $1.8B | $570.6M | ||
| Q2 24 | $1.8B | $569.5M | ||
| Q1 24 | $1.7B | $563.0M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.5B | $1.1B | ||
| Q2 25 | $2.5B | $1.1B | ||
| Q1 25 | $2.4B | $1.1B | ||
| Q4 24 | $2.4B | $1.0B | ||
| Q3 24 | $2.4B | $1.0B | ||
| Q2 24 | $2.4B | $1.0B | ||
| Q1 24 | $2.4B | $1.0B |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | 0.42× | ||
| Q2 25 | 0.01× | 0.40× | ||
| Q1 25 | 0.01× | 0.41× | ||
| Q4 24 | 0.01× | 0.47× | ||
| Q3 24 | 0.01× | 0.35× | ||
| Q2 24 | 0.01× | 0.37× | ||
| Q1 24 | 0.01× | 0.35× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | $12.4M | $-12.9M |
| FCF MarginFCF / Revenue | 3.2% | -2.6% |
| Capex IntensityCapex / Revenue | 6.6% | 1.5% |
| Cash ConversionOCF / Net Profit | 3.74× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | — | ||
| Q3 25 | $79.1M | $-5.4M | ||
| Q2 25 | $41.5M | $15.5M | ||
| Q1 25 | $56.7M | $49.4M | ||
| Q4 24 | $81.8M | $14.6M | ||
| Q3 24 | $54.4M | $24.6M | ||
| Q2 24 | $14.4M | $-2.9M | ||
| Q1 24 | $-31.1M | $-2.6M |
| Q4 25 | $12.4M | — | ||
| Q3 25 | $62.8M | $-12.9M | ||
| Q2 25 | $21.1M | $6.8M | ||
| Q1 25 | $40.8M | $40.6M | ||
| Q4 24 | $62.1M | $7.4M | ||
| Q3 24 | $39.4M | $15.6M | ||
| Q2 24 | $-3.5M | $-11.3M | ||
| Q1 24 | $-51.5M | $-7.4M |
| Q4 25 | 3.2% | — | ||
| Q3 25 | 16.0% | -2.6% | ||
| Q2 25 | 5.8% | 1.4% | ||
| Q1 25 | 12.3% | 8.2% | ||
| Q4 24 | 18.3% | 1.8% | ||
| Q3 24 | 11.2% | 3.3% | ||
| Q2 24 | -1.1% | -2.2% | ||
| Q1 24 | -17.1% | -1.4% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 4.2% | 1.5% | ||
| Q2 25 | 5.6% | 1.7% | ||
| Q1 25 | 4.8% | 1.8% | ||
| Q4 24 | 5.8% | 1.7% | ||
| Q3 24 | 4.3% | 1.9% | ||
| Q2 24 | 5.6% | 1.6% | ||
| Q1 24 | 6.7% | 0.9% |
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | -2.50× | ||
| Q2 25 | 0.90× | 2.96× | ||
| Q1 25 | — | 19.70× | ||
| Q4 24 | 9.93× | 3.75× | ||
| Q3 24 | 3.95× | 9.01× | ||
| Q2 24 | 1.80× | -0.38× | ||
| Q1 24 | -2.22× | -0.30× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
