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Side-by-side financial comparison of Fabrinet (FN) and Magnera Corp (MAGN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $792.0M, roughly 1.4× Magnera Corp). Fabrinet runs the higher net margin — 9.9% vs -4.3%, a 14.2% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 12.8%). Fabrinet produced more free cash flow last quarter ($-5.3M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 24.4%).
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.
FN vs MAGN — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $792.0M |
| Net Profit | $112.6M | $-34.0M |
| Gross Margin | 12.2% | 12.2% |
| Operating Margin | 10.1% | 1.8% |
| Net Margin | 9.9% | -4.3% |
| Revenue YoY | 35.9% | 12.8% |
| Net Profit YoY | 30.0% | 43.3% |
| EPS (diluted) | $3.11 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $978.1M | — | ||
| Q2 25 | $909.7M | $839.0M | ||
| Q1 25 | $871.8M | $824.0M | ||
| Q4 24 | $833.6M | $702.0M | ||
| Q3 24 | $804.2M | $332.1M | ||
| Q2 24 | $753.3M | $556.0M | ||
| Q1 24 | $731.5M | $558.0M |
| Q4 25 | $112.6M | $-34.0M | ||
| Q3 25 | $95.9M | — | ||
| Q2 25 | $87.2M | $-18.0M | ||
| Q1 25 | $81.3M | $-41.0M | ||
| Q4 24 | $86.6M | $-60.0M | ||
| Q3 24 | $77.4M | $-15.2M | ||
| Q2 24 | $81.1M | $19.0M | ||
| Q1 24 | $80.9M | $14.0M |
| Q4 25 | 12.2% | 12.2% | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | 10.7% | ||
| Q1 25 | 11.7% | 10.7% | ||
| Q4 24 | 12.1% | 10.1% | ||
| Q3 24 | 12.3% | 10.7% | ||
| Q2 24 | 12.3% | 6.6% | ||
| Q1 24 | 12.4% | 6.2% |
| Q4 25 | 10.1% | 1.8% | ||
| Q3 25 | 9.6% | — | ||
| Q2 25 | 9.8% | 1.5% | ||
| Q1 25 | 9.0% | 0.5% | ||
| Q4 24 | 9.5% | -3.1% | ||
| Q3 24 | 9.6% | 0.9% | ||
| Q2 24 | 9.7% | 3.1% | ||
| Q1 24 | 9.7% | 3.8% |
| Q4 25 | 9.9% | -4.3% | ||
| Q3 25 | 9.8% | — | ||
| Q2 25 | 9.6% | -2.1% | ||
| Q1 25 | 9.3% | -5.0% | ||
| Q4 24 | 10.4% | -8.5% | ||
| Q3 24 | 9.6% | -4.6% | ||
| Q2 24 | 10.8% | 3.4% | ||
| Q1 24 | 11.1% | 2.5% |
| Q4 25 | $3.11 | $-0.95 | ||
| Q3 25 | $2.66 | — | ||
| Q2 25 | $2.41 | $-0.51 | ||
| Q1 25 | $2.25 | $-1.15 | ||
| Q4 24 | $2.38 | $-1.69 | ||
| Q3 24 | $2.13 | $-0.33 | ||
| Q2 24 | $2.22 | $0.60 | ||
| Q1 24 | $2.21 | $0.44 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $2.2B | $1.0B |
| Total Assets | $3.3B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $264.0M | ||
| Q3 25 | $968.8M | — | ||
| Q2 25 | $934.2M | $276.0M | ||
| Q1 25 | $950.7M | $282.0M | ||
| Q4 24 | $934.6M | $215.0M | ||
| Q3 24 | $908.9M | $230.0M | ||
| Q2 24 | $858.6M | $33.9M | ||
| Q1 24 | $794.0M | $30.2M |
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M | ||
| Q1 24 | — | $884.7M |
| Q4 25 | $2.2B | $1.0B | ||
| Q3 25 | $2.1B | — | ||
| Q2 25 | $2.0B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.8B | $1.1B | ||
| Q3 24 | $1.8B | $2.1B | ||
| Q2 24 | $1.7B | $2.4B | ||
| Q1 24 | $1.7B | $2.4B |
| Q4 25 | $3.3B | $3.9B | ||
| Q3 25 | $3.0B | — | ||
| Q2 25 | $2.8B | $4.1B | ||
| Q1 25 | $2.6B | $4.1B | ||
| Q4 24 | $2.5B | $4.0B | ||
| Q3 24 | $2.4B | $2.8B | ||
| Q2 24 | $2.3B | $1.5B | ||
| Q1 24 | $2.2B | $1.5B |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | 0.36× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $-13.0M |
| FCF MarginFCF / Revenue | -0.5% | -1.6% |
| Capex IntensityCapex / Revenue | 4.6% | 1.9% |
| 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 | $2.0M | ||
| Q3 25 | $102.6M | — | ||
| Q2 25 | $55.1M | $0 | ||
| Q1 25 | $74.2M | $65.0M | ||
| Q4 24 | $115.9M | $-58.0M | ||
| Q3 24 | $83.2M | $12.2M | ||
| Q2 24 | $83.1M | $38.0M | ||
| Q1 24 | $100.9M | $20.0M |
| Q4 25 | $-5.3M | $-13.0M | ||
| Q3 25 | $57.3M | — | ||
| Q2 25 | $4.7M | — | ||
| Q1 25 | $45.7M | $42.0M | ||
| Q4 24 | $94.0M | $-74.0M | ||
| Q3 24 | $62.9M | $3.6M | ||
| Q2 24 | $70.4M | $23.0M | ||
| Q1 24 | $87.3M | $12.5M |
| Q4 25 | -0.5% | -1.6% | ||
| Q3 25 | 5.9% | — | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 5.2% | 5.1% | ||
| Q4 24 | 11.3% | -10.5% | ||
| Q3 24 | 7.8% | 1.1% | ||
| Q2 24 | 9.3% | 4.1% | ||
| Q1 24 | 11.9% | 2.2% |
| Q4 25 | 4.6% | 1.9% | ||
| Q3 25 | 4.6% | — | ||
| Q2 25 | 5.5% | 1.5% | ||
| Q1 25 | 3.3% | 2.8% | ||
| Q4 24 | 2.6% | 2.3% | ||
| Q3 24 | 2.5% | 2.6% | ||
| Q2 24 | 1.7% | 2.7% | ||
| Q1 24 | 1.9% | 1.3% |
| 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× | 2.00× | ||
| Q1 24 | 1.25× | 1.43× |
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% |
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
