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Side-by-side financial comparison of Expedia Group (EXPE) and SANMINA CORP (SANM). Click either name above to swap in a different company.

Expedia Group is the larger business by last-quarter revenue ($3.5B vs $3.2B, roughly 1.1× SANMINA CORP). Expedia Group runs the higher net margin — 5.8% vs 1.5%, a 4.2% gap on every dollar of revenue. On growth, SANMINA CORP posted the faster year-over-year revenue change (59.0% vs 18.7%). Over the past eight quarters, SANMINA CORP's revenue compounded faster (31.9% CAGR vs -0.2%).

Expedia Inc. is an online travel agency owned by Expedia Group, based in Seattle. The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, activities and vacation rentals. Expedia.com was launched on October 22, 1996 by Microsoft.

Sanmina Corporation is an American electronics manufacturing services (EMS) provider headquartered in San Jose, California that serves original equipment manufacturers (OEMs) in communications and computer hardware fields. The firm has nearly 80 manufacturing sites, and is one of the world’s largest independent manufacturers of printed circuit boards and backplanes. As of 2022, it is ranked number 482 in the Fortune 500 list.

EXPE vs SANM — Head-to-Head

Bigger by revenue
EXPE
EXPE
1.1× larger
EXPE
$3.5B
$3.2B
SANM
Growing faster (revenue YoY)
SANM
SANM
+40.3% gap
SANM
59.0%
18.7%
EXPE
Higher net margin
EXPE
EXPE
4.2% more per $
EXPE
5.8%
1.5%
SANM
Faster 2-yr revenue CAGR
SANM
SANM
Annualised
SANM
31.9%
-0.2%
EXPE

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EXPE
EXPE
SANM
SANM
Revenue
$3.5B
$3.2B
Net Profit
$205.0M
$49.3M
Gross Margin
7.6%
Operating Margin
11.8%
2.3%
Net Margin
5.8%
1.5%
Revenue YoY
18.7%
59.0%
Net Profit YoY
202.5%
-24.2%
EPS (diluted)
$1.56
$0.89

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
EXPE
EXPE
SANM
SANM
Q1 26
$3.5B
Q4 25
$3.5B
$3.2B
Q3 25
$4.4B
$2.1B
Q2 25
$3.8B
$2.0B
Q1 25
$3.0B
$2.0B
Q4 24
$3.2B
$2.0B
Q3 24
$4.1B
$2.0B
Q2 24
$3.6B
$1.8B
Net Profit
EXPE
EXPE
SANM
SANM
Q1 26
$205.0M
Q4 25
$205.0M
$49.3M
Q3 25
$959.0M
$48.1M
Q2 25
$330.0M
$68.6M
Q1 25
$-200.0M
$64.2M
Q4 24
$299.0M
$65.0M
Q3 24
$684.0M
$61.4M
Q2 24
$386.0M
$51.6M
Gross Margin
EXPE
EXPE
SANM
SANM
Q1 26
Q4 25
7.6%
Q3 25
9.1%
Q2 25
8.9%
Q1 25
8.9%
Q4 24
8.4%
Q3 24
8.5%
Q2 24
8.3%
Operating Margin
EXPE
EXPE
SANM
SANM
Q1 26
11.8%
Q4 25
11.8%
2.3%
Q3 25
23.5%
3.7%
Q2 25
12.8%
4.7%
Q1 25
-2.3%
4.6%
Q4 24
6.8%
4.4%
Q3 24
18.8%
4.4%
Q2 24
12.7%
4.5%
Net Margin
EXPE
EXPE
SANM
SANM
Q1 26
5.8%
Q4 25
5.8%
1.5%
Q3 25
21.7%
2.3%
Q2 25
8.7%
3.4%
Q1 25
-6.7%
3.2%
Q4 24
9.4%
3.2%
Q3 24
16.8%
3.0%
Q2 24
10.8%
2.8%
EPS (diluted)
EXPE
EXPE
SANM
SANM
Q1 26
$1.56
Q4 25
$1.56
$0.89
Q3 25
$7.33
$0.88
Q2 25
$2.48
$1.26
Q1 25
$-1.56
$1.16
Q4 24
$2.10
$1.16
Q3 24
$5.04
$1.09
Q2 24
$2.80
$0.91

Balance Sheet & Financial Strength

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

Metric
EXPE
EXPE
SANM
SANM
Cash + ST InvestmentsLiquidity on hand
$5.7B
$1.4B
Total DebtLower is stronger
$6.2B
$2.2B
Stockholders' EquityBook value
$1.3B
$2.7B
Total Assets
$24.5B
$9.8B
Debt / EquityLower = less leverage
4.80×
0.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPE
EXPE
SANM
SANM
Q1 26
$5.7B
Q4 25
$5.7B
$1.4B
Q3 25
$6.2B
$926.3M
Q2 25
$6.7B
$797.9M
Q1 25
$6.1B
$647.1M
Q4 24
$4.5B
$642.4M
Q3 24
$4.9B
$625.9M
Q2 24
$6.3B
$657.7M
Total Debt
EXPE
EXPE
SANM
SANM
Q1 26
$6.2B
Q4 25
$6.2B
$2.2B
Q3 25
$6.2B
$300.5M
Q2 25
$6.2B
Q1 25
$6.2B
Q4 24
$6.3B
Q3 24
$6.3B
Q2 24
$6.3B
Stockholders' Equity
EXPE
EXPE
SANM
SANM
Q1 26
$1.3B
Q4 25
$1.3B
$2.7B
Q3 25
$1.3B
$2.5B
Q2 25
$836.0M
$2.5B
Q1 25
$1.1B
$2.4B
Q4 24
$1.6B
$2.4B
Q3 24
$1.3B
$2.4B
Q2 24
$889.0M
$2.3B
Total Assets
EXPE
EXPE
SANM
SANM
Q1 26
$24.5B
Q4 25
$24.5B
$9.8B
Q3 25
$25.1B
$5.9B
Q2 25
$27.0B
$5.2B
Q1 25
$26.1B
$5.0B
Q4 24
$22.4B
$4.8B
Q3 24
$23.4B
$4.8B
Q2 24
$25.9B
$4.7B
Debt / Equity
EXPE
EXPE
SANM
SANM
Q1 26
4.80×
Q4 25
4.80×
0.82×
Q3 25
4.65×
0.12×
Q2 25
7.43×
Q1 25
5.79×
Q4 24
4.02×
Q3 24
4.74×
Q2 24
7.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EXPE
EXPE
SANM
SANM
Operating Cash FlowLast quarter
$178.7M
Free Cash FlowOCF − Capex
$91.9M
FCF MarginFCF / Revenue
2.9%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
3.63×
TTM Free Cash FlowTrailing 4 quarters
$518.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPE
EXPE
SANM
SANM
Q1 26
Q4 25
$304.0M
$178.7M
Q3 25
$-497.0M
$199.1M
Q2 25
$1.1B
$200.8M
Q1 25
$3.0B
$156.9M
Q4 24
$198.0M
$63.9M
Q3 24
$-1.5B
$51.9M
Q2 24
$1.5B
$90.0M
Free Cash Flow
EXPE
EXPE
SANM
SANM
Q1 26
Q4 25
$119.0M
$91.9M
Q3 25
$-686.0M
$136.6M
Q2 25
$921.0M
$163.7M
Q1 25
$2.8B
$126.1M
Q4 24
$7.0M
$46.9M
Q3 24
$-1.7B
$27.2M
Q2 24
$1.3B
$67.2M
FCF Margin
EXPE
EXPE
SANM
SANM
Q1 26
Q4 25
3.4%
2.9%
Q3 25
-15.5%
6.5%
Q2 25
24.3%
8.0%
Q1 25
92.2%
6.4%
Q4 24
0.2%
2.3%
Q3 24
-41.6%
1.4%
Q2 24
36.7%
3.7%
Capex Intensity
EXPE
EXPE
SANM
SANM
Q1 26
Q4 25
5.2%
2.7%
Q3 25
4.3%
3.0%
Q2 25
5.3%
1.8%
Q1 25
6.6%
1.5%
Q4 24
6.0%
0.9%
Q3 24
4.8%
1.2%
Q2 24
5.5%
1.2%
Cash Conversion
EXPE
EXPE
SANM
SANM
Q1 26
Q4 25
1.48×
3.63×
Q3 25
-0.52×
4.14×
Q2 25
3.40×
2.93×
Q1 25
2.44×
Q4 24
0.66×
0.98×
Q3 24
-2.18×
0.85×
Q2 24
3.89×
1.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EXPE
EXPE

Segment breakdown not available.

SANM
SANM

Industrial And Energy Medical Defense And Aerospace And Automotive And Transportation$1.2B38%
ZT Systems$1.1B34%
Other Segments CPS$434.3M14%
CPS Third Party Revenue$412.7M13%
Change In Accounting Method Accounted For As Change In Estimate$2.7M0%

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