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Side-by-side financial comparison of Fabrinet (FN) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP 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 3.1%, a 6.8% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
FN vs SEE — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.4B |
| Net Profit | $112.6M | $43.8M |
| Gross Margin | 12.2% | 28.6% |
| Operating Margin | 10.1% | 11.4% |
| Net Margin | 9.9% | 3.1% |
| Revenue YoY | 35.9% | 2.6% |
| Net Profit YoY | 30.0% | 700.0% |
| EPS (diluted) | $3.11 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $978.1M | $1.3B | ||
| Q2 25 | $909.7M | $1.3B | ||
| Q1 25 | $871.8M | $1.3B | ||
| Q4 24 | $833.6M | $1.4B | ||
| Q3 24 | $804.2M | $1.3B | ||
| Q2 24 | $753.3M | $1.3B | ||
| Q1 24 | $731.5M | $1.3B |
| Q4 25 | $112.6M | $43.8M | ||
| Q3 25 | $95.9M | $255.1M | ||
| Q2 25 | $87.2M | $93.1M | ||
| Q1 25 | $81.3M | $113.5M | ||
| Q4 24 | $86.6M | $-7.3M | ||
| Q3 24 | $77.4M | $91.7M | ||
| Q2 24 | $81.1M | $98.3M | ||
| Q1 24 | $80.9M | $82.0M |
| Q4 25 | 12.2% | 28.6% | ||
| Q3 25 | 11.9% | 29.8% | ||
| Q2 25 | 12.2% | 30.7% | ||
| Q1 25 | 11.7% | 30.9% | ||
| Q4 24 | 12.1% | 30.0% | ||
| Q3 24 | 12.3% | 30.1% | ||
| Q2 24 | 12.3% | 31.2% | ||
| Q1 24 | 12.4% | 30.3% |
| Q4 25 | 10.1% | 11.4% | ||
| Q3 25 | 9.6% | 13.8% | ||
| Q2 25 | 9.8% | 15.0% | ||
| Q1 25 | 9.0% | 14.5% | ||
| Q4 24 | 9.5% | 11.7% | ||
| Q3 24 | 9.6% | 13.9% | ||
| Q2 24 | 9.7% | 15.4% | ||
| Q1 24 | 9.7% | 14.0% |
| Q4 25 | 9.9% | 3.1% | ||
| Q3 25 | 9.8% | 19.0% | ||
| Q2 25 | 9.6% | 7.0% | ||
| Q1 25 | 9.3% | 9.0% | ||
| Q4 24 | 10.4% | -0.5% | ||
| Q3 24 | 9.6% | 6.9% | ||
| Q2 24 | 10.8% | 7.4% | ||
| Q1 24 | 11.1% | 6.2% |
| Q4 25 | $3.11 | $0.30 | ||
| Q3 25 | $2.66 | $1.73 | ||
| Q2 25 | $2.41 | $0.63 | ||
| Q1 25 | $2.25 | $0.77 | ||
| Q4 24 | $2.38 | $-0.05 | ||
| Q3 24 | $2.13 | $0.63 | ||
| Q2 24 | $2.22 | $0.67 | ||
| Q1 24 | $2.21 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $2.2B | $1.2B |
| Total Assets | $3.3B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $344.0M | ||
| Q3 25 | $968.8M | $282.5M | ||
| Q2 25 | $934.2M | $354.4M | ||
| Q1 25 | $950.7M | $335.2M | ||
| Q4 24 | $934.6M | $371.8M | ||
| Q3 24 | $908.9M | $386.0M | ||
| Q2 24 | $858.6M | $388.6M | ||
| Q1 24 | $794.0M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $2.2B | $1.2B | ||
| Q3 25 | $2.1B | $1.2B | ||
| Q2 25 | $2.0B | $953.1M | ||
| Q1 25 | $1.9B | $797.9M | ||
| Q4 24 | $1.8B | $624.5M | ||
| Q3 24 | $1.8B | $771.2M | ||
| Q2 24 | $1.7B | $650.1M | ||
| Q1 24 | $1.7B | $598.3M |
| Q4 25 | $3.3B | $7.0B | ||
| Q3 25 | $3.0B | $7.1B | ||
| Q2 25 | $2.8B | $7.2B | ||
| Q1 25 | $2.6B | $7.0B | ||
| Q4 24 | $2.5B | $7.0B | ||
| Q3 24 | $2.4B | $7.3B | ||
| Q2 24 | $2.3B | $7.3B | ||
| Q1 24 | $2.2B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $-5.3M | $257.7M |
| FCF MarginFCF / Revenue | -0.5% | 18.5% |
| Capex IntensityCapex / Revenue | 4.6% | 2.6% |
| Cash ConversionOCF / Net Profit | 0.41× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $293.6M | ||
| Q3 25 | $102.6M | $165.9M | ||
| Q2 25 | $55.1M | $136.6M | ||
| Q1 25 | $74.2M | $31.9M | ||
| Q4 24 | $115.9M | $244.2M | ||
| Q3 24 | $83.2M | $170.5M | ||
| Q2 24 | $83.1M | $188.2M | ||
| Q1 24 | $100.9M | $125.1M |
| Q4 25 | $-5.3M | $257.7M | ||
| Q3 25 | $57.3M | $119.6M | ||
| Q2 25 | $4.7M | $93.2M | ||
| Q1 25 | $45.7M | $-12.0M | ||
| Q4 24 | $94.0M | $185.1M | ||
| Q3 24 | $62.9M | $115.2M | ||
| Q2 24 | $70.4M | $129.5M | ||
| Q1 24 | $87.3M | $78.0M |
| Q4 25 | -0.5% | 18.5% | ||
| Q3 25 | 5.9% | 8.9% | ||
| Q2 25 | 0.5% | 7.0% | ||
| Q1 25 | 5.2% | -0.9% | ||
| Q4 24 | 11.3% | 13.6% | ||
| Q3 24 | 7.8% | 8.6% | ||
| Q2 24 | 9.3% | 9.7% | ||
| Q1 24 | 11.9% | 5.9% |
| Q4 25 | 4.6% | 2.6% | ||
| Q3 25 | 4.6% | 3.4% | ||
| Q2 25 | 5.5% | 3.3% | ||
| Q1 25 | 3.3% | 3.5% | ||
| Q4 24 | 2.6% | 4.4% | ||
| Q3 24 | 2.5% | 4.1% | ||
| Q2 24 | 1.7% | 4.4% | ||
| Q1 24 | 1.9% | 3.6% |
| Q4 25 | 0.41× | 6.70× | ||
| Q3 25 | 1.07× | 0.65× | ||
| Q2 25 | 0.63× | 1.47× | ||
| Q1 25 | 0.91× | 0.28× | ||
| Q4 24 | 1.34× | — | ||
| Q3 24 | 1.07× | 1.86× | ||
| Q2 24 | 1.02× | 1.91× | ||
| Q1 24 | 1.25× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
