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Side-by-side financial comparison of Fabrinet (FN) and Global Payments (GPN). Click either name above to swap in a different company.

Global Payments is the larger business by last-quarter revenue ($1.3B vs $1.1B, roughly 1.2× Fabrinet). Global Payments runs the higher net margin — 16.4% vs 9.9%, a 6.4% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs -47.1%). Global Payments produced more free cash flow last quarter ($347.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs -25.9%).

Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.

Global Payments Inc. is an American multinational financial technology company that provides payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500. The company processes payments made through credit cards, debit cards, and digital and contactless payments.

FN vs GPN — Head-to-Head

Bigger by revenue
GPN
GPN
1.2× larger
GPN
$1.3B
$1.1B
FN
Growing faster (revenue YoY)
FN
FN
+83.1% gap
FN
35.9%
-47.1%
GPN
Higher net margin
GPN
GPN
6.4% more per $
GPN
16.4%
9.9%
FN
More free cash flow
GPN
GPN
$352.3M more FCF
GPN
$347.0M
$-5.3M
FN
Faster 2-yr revenue CAGR
FN
FN
Annualised
FN
24.4%
-25.9%
GPN

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FN
FN
GPN
GPN
Revenue
$1.1B
$1.3B
Net Profit
$112.6M
$217.5M
Gross Margin
12.2%
89.7%
Operating Margin
10.1%
5.9%
Net Margin
9.9%
16.4%
Revenue YoY
35.9%
-47.1%
Net Profit YoY
30.0%
-61.6%
EPS (diluted)
$3.11
$0.91

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
FN
FN
GPN
GPN
Q4 25
$1.1B
$1.3B
Q3 25
$978.1M
$2.0B
Q2 25
$909.7M
$2.0B
Q1 25
$871.8M
$2.4B
Q4 24
$833.6M
$2.5B
Q3 24
$804.2M
$2.6B
Q2 24
$753.3M
$2.6B
Q1 24
$731.5M
$2.4B
Net Profit
FN
FN
GPN
GPN
Q4 25
$112.6M
$217.5M
Q3 25
$95.9M
$635.2M
Q2 25
$87.2M
$241.6M
Q1 25
$81.3M
$305.7M
Q4 24
$86.6M
$567.2M
Q3 24
$77.4M
$315.1M
Q2 24
$81.1M
$374.8M
Q1 24
$80.9M
$313.3M
Gross Margin
FN
FN
GPN
GPN
Q4 25
12.2%
89.7%
Q3 25
11.9%
72.3%
Q2 25
12.2%
74.5%
Q1 25
11.7%
61.8%
Q4 24
12.1%
62.1%
Q3 24
12.3%
63.6%
Q2 24
12.3%
63.5%
Q1 24
12.4%
61.9%
Operating Margin
FN
FN
GPN
GPN
Q4 25
10.1%
5.9%
Q3 25
9.6%
38.8%
Q2 25
9.8%
21.8%
Q1 25
9.0%
19.5%
Q4 24
9.5%
33.1%
Q3 24
9.6%
18.3%
Q2 24
9.7%
22.3%
Q1 24
9.7%
18.7%
Net Margin
FN
FN
GPN
GPN
Q4 25
9.9%
16.4%
Q3 25
9.8%
31.6%
Q2 25
9.6%
12.3%
Q1 25
9.3%
12.7%
Q4 24
10.4%
22.5%
Q3 24
9.6%
12.1%
Q2 24
10.8%
14.6%
Q1 24
11.1%
12.9%
EPS (diluted)
FN
FN
GPN
GPN
Q4 25
$3.11
$0.91
Q3 25
$2.66
$2.64
Q2 25
$2.41
$0.99
Q1 25
$2.25
$1.24
Q4 24
$2.38
$2.23
Q3 24
$2.13
$1.24
Q2 24
$2.22
$1.47
Q1 24
$2.21
$1.22

Balance Sheet & Financial Strength

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

Metric
FN
FN
GPN
GPN
Cash + ST InvestmentsLiquidity on hand
$960.8M
$8.3B
Total DebtLower is stronger
$19.5B
Stockholders' EquityBook value
$2.2B
$22.9B
Total Assets
$3.3B
$53.3B
Debt / EquityLower = less leverage
0.85×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FN
FN
GPN
GPN
Q4 25
$960.8M
$8.3B
Q3 25
$968.8M
$2.6B
Q2 25
$934.2M
$2.6B
Q1 25
$950.7M
$2.9B
Q4 24
$934.6M
$2.5B
Q3 24
$908.9M
$2.9B
Q2 24
$858.6M
$2.1B
Q1 24
$794.0M
$2.2B
Total Debt
FN
FN
GPN
GPN
Q4 25
$19.5B
Q3 25
$13.3B
Q2 25
$14.2B
Q1 25
$15.0B
Q4 24
$15.2B
Q3 24
$15.2B
Q2 24
$15.6B
Q1 24
$15.6B
Stockholders' Equity
FN
FN
GPN
GPN
Q4 25
$2.2B
$22.9B
Q3 25
$2.1B
$22.7B
Q2 25
$2.0B
$22.6B
Q1 25
$1.9B
$22.2B
Q4 24
$1.8B
$22.3B
Q3 24
$1.8B
$22.8B
Q2 24
$1.7B
$22.4B
Q1 24
$1.7B
$22.2B
Total Assets
FN
FN
GPN
GPN
Q4 25
$3.3B
$53.3B
Q3 25
$3.0B
$48.0B
Q2 25
$2.8B
$48.5B
Q1 25
$2.6B
$47.6B
Q4 24
$2.5B
$46.9B
Q3 24
$2.4B
$50.0B
Q2 24
$2.3B
$50.8B
Q1 24
$2.2B
$51.8B
Debt / Equity
FN
FN
GPN
GPN
Q4 25
0.85×
Q3 25
0.59×
Q2 25
0.63×
Q1 25
0.67×
Q4 24
0.68×
Q3 24
0.67×
Q2 24
0.70×
Q1 24
0.70×

Cash Flow & Capital Efficiency

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

Metric
FN
FN
GPN
GPN
Operating Cash FlowLast quarter
$46.3M
$515.2M
Free Cash FlowOCF − Capex
$-5.3M
$347.0M
FCF MarginFCF / Revenue
-0.5%
26.1%
Capex IntensityCapex / Revenue
4.6%
12.7%
Cash ConversionOCF / Net Profit
0.41×
2.37×
TTM Free Cash FlowTrailing 4 quarters
$102.3M
$2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FN
FN
GPN
GPN
Q4 25
$46.3M
$515.2M
Q3 25
$102.6M
$768.7M
Q2 25
$55.1M
$817.5M
Q1 25
$74.2M
$555.1M
Q4 24
$115.9M
$653.4M
Q3 24
$83.2M
$1.7B
Q2 24
$83.1M
$736.9M
Q1 24
$100.9M
$416.3M
Free Cash Flow
FN
FN
GPN
GPN
Q4 25
$-5.3M
$347.0M
Q3 25
$57.3M
$598.9M
Q2 25
$4.7M
$665.4M
Q1 25
$45.7M
$427.5M
Q4 24
$94.0M
$469.4M
Q3 24
$62.9M
$1.6B
Q2 24
$70.4M
$557.7M
Q1 24
$87.3M
$270.9M
FCF Margin
FN
FN
GPN
GPN
Q4 25
-0.5%
26.1%
Q3 25
5.9%
29.8%
Q2 25
0.5%
34.0%
Q1 25
5.2%
17.7%
Q4 24
11.3%
18.7%
Q3 24
7.8%
60.0%
Q2 24
9.3%
21.7%
Q1 24
11.9%
11.2%
Capex Intensity
FN
FN
GPN
GPN
Q4 25
4.6%
12.7%
Q3 25
4.6%
8.5%
Q2 25
5.5%
7.8%
Q1 25
3.3%
5.3%
Q4 24
2.6%
7.3%
Q3 24
2.5%
6.4%
Q2 24
1.7%
7.0%
Q1 24
1.9%
6.0%
Cash Conversion
FN
FN
GPN
GPN
Q4 25
0.41×
2.37×
Q3 25
1.07×
1.21×
Q2 25
0.63×
3.38×
Q1 25
0.91×
1.82×
Q4 24
1.34×
1.15×
Q3 24
1.07×
5.48×
Q2 24
1.02×
1.97×
Q1 24
1.25×
1.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FN
FN

Optical Communications$832.6M73%
Non Optical Communications$300.3M27%

GPN
GPN

Integrated And Embedded Solutions$869.3M65%
Point Of Sale And Software Solutions$281.7M21%
Other$178.4M13%

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