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Side-by-side financial comparison of Fabrinet (FN) and iQIYI, Inc. (IQ). Click either name above to swap in a different company.

Fabrinet is the larger business by last-quarter revenue ($1.1B vs $971.6M, roughly 1.2× iQIYI, Inc.).

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.

iQIYI, formerly Qiyi, is a Chinese subscription video on-demand over-the-top streaming service owned by Baidu. Headquartered in Beijing, iQIYI primarily produces and distributes films and television series.

FN vs IQ — Head-to-Head

Bigger by revenue
FN
FN
1.2× larger
FN
$1.1B
$971.6M
IQ

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
FN
FN
IQ
IQ
Revenue
$1.1B
$971.6M
Net Profit
$112.6M
Gross Margin
12.2%
Operating Margin
10.1%
0.8%
Net Margin
9.9%
Revenue YoY
35.9%
Net Profit YoY
30.0%
EPS (diluted)
$3.11

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
IQ
IQ
Q1 26
$971.6M
Q4 25
$1.1B
Q3 25
$978.1M
Q2 25
$909.7M
Q1 25
$871.8M
$906.0M
Q4 24
$833.6M
Q3 24
$804.2M
Q2 24
$753.3M
Net Profit
FN
FN
IQ
IQ
Q1 26
Q4 25
$112.6M
Q3 25
$95.9M
Q2 25
$87.2M
Q1 25
$81.3M
Q4 24
$86.6M
Q3 24
$77.4M
Q2 24
$81.1M
Gross Margin
FN
FN
IQ
IQ
Q1 26
Q4 25
12.2%
Q3 25
11.9%
Q2 25
12.2%
Q1 25
11.7%
Q4 24
12.1%
Q3 24
12.3%
Q2 24
12.3%
Operating Margin
FN
FN
IQ
IQ
Q1 26
0.8%
Q4 25
10.1%
Q3 25
9.6%
Q2 25
9.8%
Q1 25
9.0%
4.3%
Q4 24
9.5%
Q3 24
9.6%
Q2 24
9.7%
Net Margin
FN
FN
IQ
IQ
Q1 26
Q4 25
9.9%
Q3 25
9.8%
Q2 25
9.6%
Q1 25
9.3%
Q4 24
10.4%
Q3 24
9.6%
Q2 24
10.8%
EPS (diluted)
FN
FN
IQ
IQ
Q1 26
Q4 25
$3.11
Q3 25
$2.66
Q2 25
$2.41
Q1 25
$2.25
Q4 24
$2.38
Q3 24
$2.13
Q2 24
$2.22

Balance Sheet & Financial Strength

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

Metric
FN
FN
IQ
IQ
Cash + ST InvestmentsLiquidity on hand
$960.8M
$4.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$13.3M
Total Assets
$3.3B
$46.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FN
FN
IQ
IQ
Q1 26
$4.4M
Q4 25
$960.8M
Q3 25
$968.8M
Q2 25
$934.2M
Q1 25
$950.7M
$3.5M
Q4 24
$934.6M
Q3 24
$908.9M
Q2 24
$858.6M
Stockholders' Equity
FN
FN
IQ
IQ
Q1 26
$13.3M
Q4 25
$2.2B
Q3 25
$2.1B
Q2 25
$2.0B
Q1 25
$1.9B
$13.4M
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.7B
Total Assets
FN
FN
IQ
IQ
Q1 26
$46.7M
Q4 25
$3.3B
Q3 25
$3.0B
Q2 25
$2.8B
Q1 25
$2.6B
$45.8M
Q4 24
$2.5B
Q3 24
$2.4B
Q2 24
$2.3B

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
IQ
IQ
Operating Cash FlowLast quarter
$46.3M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-0.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.41×
TTM Free Cash FlowTrailing 4 quarters
$102.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FN
FN
IQ
IQ
Q1 26
Q4 25
$46.3M
Q3 25
$102.6M
Q2 25
$55.1M
Q1 25
$74.2M
Q4 24
$115.9M
Q3 24
$83.2M
Q2 24
$83.1M
Free Cash Flow
FN
FN
IQ
IQ
Q1 26
Q4 25
$-5.3M
Q3 25
$57.3M
Q2 25
$4.7M
Q1 25
$45.7M
Q4 24
$94.0M
Q3 24
$62.9M
Q2 24
$70.4M
FCF Margin
FN
FN
IQ
IQ
Q1 26
Q4 25
-0.5%
Q3 25
5.9%
Q2 25
0.5%
Q1 25
5.2%
Q4 24
11.3%
Q3 24
7.8%
Q2 24
9.3%
Capex Intensity
FN
FN
IQ
IQ
Q1 26
Q4 25
4.6%
Q3 25
4.6%
Q2 25
5.5%
Q1 25
3.3%
Q4 24
2.6%
Q3 24
2.5%
Q2 24
1.7%
Cash Conversion
FN
FN
IQ
IQ
Q1 26
Q4 25
0.41×
Q3 25
1.07×
Q2 25
0.63×
Q1 25
0.91×
Q4 24
1.34×
Q3 24
1.07×
Q2 24
1.02×

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%

IQ
IQ

Segment breakdown not available.

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