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Side-by-side financial comparison of Fabrinet (FN) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.1B, roughly 1.2× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs -7.3%, a 17.2% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 3.1%). Lineage, Inc. produced more free cash flow last quarter ($35.0M vs $-5.3M).
FabrinetFNEarnings & Financial Report
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
FN vs LINE — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.4B |
| Net Profit | $112.6M | $-100.0M |
| Gross Margin | 12.2% | 32.3% |
| Operating Margin | 10.1% | 2.5% |
| Net Margin | 9.9% | -7.3% |
| Revenue YoY | 35.9% | 3.1% |
| Net Profit YoY | 30.0% | 79.4% |
| EPS (diluted) | $3.11 | $-0.44 |
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 | $1.1B | — | ||
| Q3 25 | $978.1M | $1.4B | ||
| Q2 25 | $909.7M | $1.4B | ||
| Q1 25 | $871.8M | $1.3B | ||
| Q4 24 | $833.6M | $1.3B | ||
| Q3 24 | $804.2M | $1.3B | ||
| Q2 24 | $753.3M | $1.3B | ||
| Q1 24 | $731.5M | $1.3B |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $95.9M | $-100.0M | ||
| Q2 25 | $87.2M | $-6.0M | ||
| Q1 25 | $81.3M | $0 | ||
| Q4 24 | $86.6M | $-71.0M | ||
| Q3 24 | $77.4M | $-485.0M | ||
| Q2 24 | $81.1M | $-68.0M | ||
| Q1 24 | $80.9M | $-40.0M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | 32.3% | ||
| Q2 25 | 12.2% | 31.9% | ||
| Q1 25 | 11.7% | 32.2% | ||
| Q4 24 | 12.1% | 32.3% | ||
| Q3 24 | 12.3% | 32.8% | ||
| Q2 24 | 12.3% | 33.4% | ||
| Q1 24 | 12.4% | 33.4% |
| Q4 25 | 10.1% | — | ||
| Q3 25 | 9.6% | 2.5% | ||
| Q2 25 | 9.8% | 1.7% | ||
| Q1 25 | 9.0% | 4.3% | ||
| Q4 24 | 9.5% | -1.6% | ||
| Q3 24 | 9.6% | -38.6% | ||
| Q2 24 | 9.7% | 5.5% | ||
| Q1 24 | 9.7% | 7.6% |
| Q4 25 | 9.9% | — | ||
| Q3 25 | 9.8% | -7.3% | ||
| Q2 25 | 9.6% | -0.4% | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 10.4% | -5.3% | ||
| Q3 24 | 9.6% | -36.3% | ||
| Q2 24 | 10.8% | -5.1% | ||
| Q1 24 | 11.1% | -3.0% |
| Q4 25 | $3.11 | — | ||
| Q3 25 | $2.66 | $-0.44 | ||
| Q2 25 | $2.41 | $-0.03 | ||
| Q1 25 | $2.25 | $0.01 | ||
| Q4 24 | $2.38 | $-0.52 | ||
| Q3 24 | $2.13 | $-2.44 | ||
| Q2 24 | $2.22 | $-0.46 | ||
| Q1 24 | $2.21 | $-0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $8.4B |
| Total Assets | $3.3B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | — | ||
| Q3 25 | $968.8M | — | ||
| Q2 25 | $934.2M | — | ||
| Q1 25 | $950.7M | — | ||
| Q4 24 | $934.6M | $173.0M | ||
| Q3 24 | $908.9M | $409.0M | ||
| Q2 24 | $858.6M | $73.0M | ||
| Q1 24 | $794.0M | — |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.1B | $8.4B | ||
| Q2 25 | $2.0B | $8.6B | ||
| Q1 25 | $1.9B | $8.6B | ||
| Q4 24 | $1.8B | $8.6B | ||
| Q3 24 | $1.8B | $9.0B | ||
| Q2 24 | $1.7B | $4.9B | ||
| Q1 24 | $1.7B | $5.6B |
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.0B | $19.2B | ||
| Q2 25 | $2.8B | $19.4B | ||
| Q1 25 | $2.6B | $18.8B | ||
| Q4 24 | $2.5B | $18.7B | ||
| Q3 24 | $2.4B | $19.3B | ||
| Q2 24 | $2.3B | $18.8B | ||
| Q1 24 | $2.2B | — |
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 | $46.3M | $230.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $35.0M |
| FCF MarginFCF / Revenue | -0.5% | 2.5% |
| Capex IntensityCapex / Revenue | 4.6% | 14.2% |
| Cash ConversionOCF / Net Profit | 0.41× | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | — | ||
| Q3 25 | $102.6M | $230.0M | ||
| Q2 25 | $55.1M | $258.0M | ||
| Q1 25 | $74.2M | $139.0M | ||
| Q4 24 | $115.9M | — | ||
| Q3 24 | $83.2M | $186.0M | ||
| Q2 24 | $83.1M | $155.0M | ||
| Q1 24 | $100.9M | $105.0M |
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $57.3M | $35.0M | ||
| Q2 25 | $4.7M | $95.0M | ||
| Q1 25 | $45.7M | $-12.0M | ||
| Q4 24 | $94.0M | — | ||
| Q3 24 | $62.9M | $33.0M | ||
| Q2 24 | $70.4M | $-31.0M | ||
| Q1 24 | $87.3M | $-42.0M |
| Q4 25 | -0.5% | — | ||
| Q3 25 | 5.9% | 2.5% | ||
| Q2 25 | 0.5% | 7.0% | ||
| Q1 25 | 5.2% | -0.9% | ||
| Q4 24 | 11.3% | — | ||
| Q3 24 | 7.8% | 2.5% | ||
| Q2 24 | 9.3% | -2.3% | ||
| Q1 24 | 11.9% | -3.2% |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 4.6% | 14.2% | ||
| Q2 25 | 5.5% | 12.1% | ||
| Q1 25 | 3.3% | 11.7% | ||
| Q4 24 | 2.6% | — | ||
| Q3 24 | 2.5% | 11.5% | ||
| Q2 24 | 1.7% | 13.9% | ||
| Q1 24 | 1.9% | 11.1% |
| 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× | — | ||
| Q1 24 | 1.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
