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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and MAGNACHIP SEMICONDUCTOR Corp (MX). Click either name above to swap in a different company.
GRAIL, Inc. is the larger business by last-quarter revenue ($43.6M vs $40.6M, roughly 1.1× MAGNACHIP SEMICONDUCTOR Corp). MAGNACHIP SEMICONDUCTOR Corp runs the higher net margin — -19.9% vs -227.5%, a 207.6% gap on every dollar of revenue. On growth, GRAIL, Inc. posted the faster year-over-year revenue change (14.0% vs -20.7%). MAGNACHIP SEMICONDUCTOR Corp produced more free cash flow last quarter ($-4.8M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs -3.4%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
Magnachip Semiconductor Corp is a global semiconductor design and manufacturing firm specializing in high-performance analog and mixed-signal solutions. Its core products include display driver ICs, power management ICs and sensors, serving consumer electronics, automotive, industrial and communications markets worldwide.
GRAL vs MX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $40.6M |
| Net Profit | $-99.2M | $-8.1M |
| Gross Margin | — | 9.3% |
| Operating Margin | -285.4% | -26.1% |
| Net Margin | -227.5% | -19.9% |
| Revenue YoY | 14.0% | -20.7% |
| Net Profit YoY | -2.2% | 50.4% |
| EPS (diluted) | $-2.37 | $-0.23 |
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 | $43.6M | $40.6M | ||
| Q3 25 | $36.2M | $45.9M | ||
| Q2 25 | $35.5M | $47.6M | ||
| Q1 25 | $31.8M | $44.7M | ||
| Q4 24 | $38.3M | $51.2M | ||
| Q3 24 | $28.7M | $55.4M | ||
| Q2 24 | $32.0M | $46.4M | ||
| Q1 24 | $26.7M | $43.4M |
| Q4 25 | $-99.2M | $-8.1M | ||
| Q3 25 | $-89.0M | $-13.1M | ||
| Q2 25 | $-114.0M | $323.0K | ||
| Q1 25 | $-106.2M | $-8.9M | ||
| Q4 24 | $-97.1M | $-16.3M | ||
| Q3 24 | $-125.7M | $-9.6M | ||
| Q2 24 | $-1.6B | $-13.0M | ||
| Q1 24 | $-218.9M | $-15.4M |
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 18.6% | ||
| Q2 25 | — | 20.4% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 20.8% | ||
| Q2 24 | — | 21.1% | ||
| Q1 24 | — | 14.6% |
| Q4 25 | -285.4% | -26.1% | ||
| Q3 25 | -346.2% | -25.1% | ||
| Q2 25 | -446.9% | -15.6% | ||
| Q1 25 | -482.5% | -14.1% | ||
| Q4 24 | -358.0% | -12.5% | ||
| Q3 24 | -640.5% | -8.1% | ||
| Q2 24 | -5133.8% | -12.3% | ||
| Q1 24 | -851.1% | -21.6% |
| Q4 25 | -227.5% | -19.9% | ||
| Q3 25 | -245.8% | -28.5% | ||
| Q2 25 | -320.7% | 0.7% | ||
| Q1 25 | -333.6% | -19.9% | ||
| Q4 24 | -253.8% | -31.8% | ||
| Q3 24 | -438.7% | -17.3% | ||
| Q2 24 | -4958.8% | -28.0% | ||
| Q1 24 | -819.3% | -35.5% |
| Q4 25 | $-2.37 | $-0.23 | ||
| Q3 25 | $-2.46 | $-0.36 | ||
| Q2 25 | $-3.18 | $0.01 | ||
| Q1 25 | $-3.10 | $-0.24 | ||
| Q4 24 | $-1.49 | $-0.44 | ||
| Q3 24 | $-3.94 | $-0.26 | ||
| Q2 24 | $-51.06 | $-0.34 | ||
| Q1 24 | $-7.05 | $-0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | $103.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $248.3M |
| Total Assets | $2.9B | $351.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $103.8M | ||
| Q3 25 | $126.9M | $108.0M | ||
| Q2 25 | $127.4M | $113.3M | ||
| Q1 25 | $133.9M | $132.7M | ||
| Q4 24 | $214.2M | $138.6M | ||
| Q3 24 | $853.6M | $151.1M | ||
| Q2 24 | $958.8M | $162.5M | ||
| Q1 24 | $199.7M | $171.6M |
| Q4 25 | $2.6B | $248.3M | ||
| Q3 25 | $2.2B | $255.3M | ||
| Q2 25 | $2.3B | $270.2M | ||
| Q1 25 | $2.4B | $269.2M | ||
| Q4 24 | $2.5B | $276.8M | ||
| Q3 24 | $2.6B | $299.6M | ||
| Q2 24 | $2.7B | $305.8M | ||
| Q1 24 | — | $321.9M |
| Q4 25 | $2.9B | $351.5M | ||
| Q3 25 | $2.6B | $359.6M | ||
| Q2 25 | $2.7B | $370.5M | ||
| Q1 25 | $2.8B | $373.9M | ||
| Q4 24 | $3.0B | $379.3M | ||
| Q3 24 | $3.1B | $411.4M | ||
| Q2 24 | $3.3B | $412.7M | ||
| Q1 24 | — | $426.2M |
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 | $-63.8M | $5.4M |
| Free Cash FlowOCF − Capex | $-63.9M | $-4.8M |
| FCF MarginFCF / Revenue | -146.5% | -11.9% |
| Capex IntensityCapex / Revenue | 0.2% | 25.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $-54.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $5.4M | ||
| Q3 25 | $-63.2M | $162.0K | ||
| Q2 25 | $-77.0M | $-25.1M | ||
| Q1 25 | $-95.0M | $-4.7M | ||
| Q4 24 | — | $11.9M | ||
| Q3 24 | $-104.6M | $-12.9M | ||
| Q2 24 | $-171.8M | $-1.1M | ||
| Q1 24 | $-207.3M | $-4.0M |
| Q4 25 | $-63.9M | $-4.8M | ||
| Q3 25 | $-63.6M | $-7.5M | ||
| Q2 25 | $-77.3M | $-37.0M | ||
| Q1 25 | $-95.1M | $-4.9M | ||
| Q4 24 | — | $4.4M | ||
| Q3 24 | $-105.6M | $-15.5M | ||
| Q2 24 | $-173.2M | $-2.0M | ||
| Q1 24 | $-209.8M | $-4.6M |
| Q4 25 | -146.5% | -11.9% | ||
| Q3 25 | -175.8% | -16.3% | ||
| Q2 25 | -217.6% | -77.7% | ||
| Q1 25 | -298.6% | -10.9% | ||
| Q4 24 | — | 8.7% | ||
| Q3 24 | -368.4% | -28.0% | ||
| Q2 24 | -541.7% | -4.3% | ||
| Q1 24 | -785.3% | -10.7% |
| Q4 25 | 0.2% | 25.3% | ||
| Q3 25 | 1.1% | 16.7% | ||
| Q2 25 | 1.0% | 24.9% | ||
| Q1 25 | 0.2% | 0.5% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | 3.4% | 4.7% | ||
| Q2 24 | 4.3% | 1.9% | ||
| Q1 24 | 9.5% | 1.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -77.81× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
MX
| Power Analog Solutions | $36.8M | 91% |
| Power Ic | $3.8M | 9% |
