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Side-by-side financial comparison of Liquidia Corp (LQDA) and LATTICE SEMICONDUCTOR CORP (LSCC). Click either name above to swap in a different company.

LATTICE SEMICONDUCTOR CORP is the larger business by last-quarter revenue ($145.8M vs $92.0M, roughly 1.6× Liquidia Corp). Liquidia Corp runs the higher net margin — 15.8% vs -5.2%, a 21.1% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 9.3%). LATTICE SEMICONDUCTOR CORP produced more free cash flow last quarter ($44.0M vs $42.2M).

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

Lattice Semiconductor Corporation is an American semiconductor company specializing in the design and manufacturing of low power field-programmable gate arrays (FPGAs). Headquartered in the Silicon Forest area of Hillsboro, Oregon, the company also has operations in San Jose, Calif., Shanghai, Manila, Penang, and Singapore. Lattice Semiconductor has more than 1000 employees and an annual revenue of more than $660 million as of 2022. The company was founded in 1983 and went public in 1989. It ...

LQDA vs LSCC — Head-to-Head

Bigger by revenue
LSCC
LSCC
1.6× larger
LSCC
$145.8M
$92.0M
LQDA
Growing faster (revenue YoY)
LQDA
LQDA
+3045.3% gap
LQDA
3054.6%
9.3%
LSCC
Higher net margin
LQDA
LQDA
21.1% more per $
LQDA
15.8%
-5.2%
LSCC
More free cash flow
LSCC
LSCC
$1.8M more FCF
LSCC
$44.0M
$42.2M
LQDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LQDA
LQDA
LSCC
LSCC
Revenue
$92.0M
$145.8M
Net Profit
$14.6M
$-7.6M
Gross Margin
68.5%
Operating Margin
21.5%
30.7%
Net Margin
15.8%
-5.2%
Revenue YoY
3054.6%
9.3%
Net Profit YoY
137.9%
14.6%
EPS (diluted)
$0.18
$-0.06

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
LQDA
LQDA
LSCC
LSCC
Q1 26
$145.8M
Q4 25
$92.0M
Q3 25
$54.3M
$133.3M
Q2 25
$124.0M
Q1 25
$120.2M
Q4 24
$117.4M
Q3 24
$127.1M
Q2 24
$124.1M
Net Profit
LQDA
LQDA
LSCC
LSCC
Q1 26
$-7.6M
Q4 25
$14.6M
Q3 25
$-3.5M
$2.8M
Q2 25
$2.9M
Q1 25
$5.0M
Q4 24
$16.5M
Q3 24
$7.2M
Q2 24
$22.6M
Gross Margin
LQDA
LQDA
LSCC
LSCC
Q1 26
68.5%
Q4 25
Q3 25
67.9%
Q2 25
68.4%
Q1 25
68.0%
Q4 24
61.1%
Q3 24
69.0%
Q2 24
68.3%
Operating Margin
LQDA
LQDA
LSCC
LSCC
Q1 26
0.7%
Q4 25
21.5%
Q3 25
3.3%
-1.2%
Q2 25
3.8%
Q1 25
5.8%
Q4 24
-10.4%
Q3 24
5.9%
Q2 24
18.2%
Net Margin
LQDA
LQDA
LSCC
LSCC
Q1 26
-5.2%
Q4 25
15.8%
Q3 25
-6.5%
2.1%
Q2 25
2.3%
Q1 25
4.2%
Q4 24
14.1%
Q3 24
5.7%
Q2 24
18.2%
EPS (diluted)
LQDA
LQDA
LSCC
LSCC
Q1 26
$-0.06
Q4 25
$0.18
Q3 25
$-0.04
$0.02
Q2 25
$0.02
Q1 25
$0.04
Q4 24
$0.12
Q3 24
$0.05
Q2 24
$0.16

Balance Sheet & Financial Strength

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

Metric
LQDA
LQDA
LSCC
LSCC
Cash + ST InvestmentsLiquidity on hand
$190.7M
$133.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.7M
$714.1M
Total Assets
$327.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
LSCC
LSCC
Q1 26
$133.9M
Q4 25
$190.7M
Q3 25
$157.5M
$117.9M
Q2 25
$107.2M
Q1 25
$127.6M
Q4 24
$136.3M
Q3 24
$124.3M
Q2 24
$109.2M
Stockholders' Equity
LQDA
LQDA
LSCC
LSCC
Q1 26
$714.1M
Q4 25
$44.7M
Q3 25
$22.1M
$706.4M
Q2 25
$687.0M
Q1 25
$707.9M
Q4 24
$710.9M
Q3 24
$703.5M
Q2 24
$698.8M
Total Assets
LQDA
LQDA
LSCC
LSCC
Q1 26
$883.1M
Q4 25
$327.9M
Q3 25
$276.0M
$844.4M
Q2 25
$808.6M
Q1 25
$823.6M
Q4 24
$843.9M
Q3 24
$853.7M
Q2 24
$827.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LQDA
LQDA
LSCC
LSCC
Operating Cash FlowLast quarter
$44.2M
$57.6M
Free Cash FlowOCF − Capex
$42.2M
$44.0M
FCF MarginFCF / Revenue
45.9%
30.2%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$153.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
LSCC
LSCC
Q1 26
$57.6M
Q4 25
$44.2M
Q3 25
$-9.8M
$47.1M
Q2 25
$38.5M
Q1 25
$31.9M
Q4 24
$45.4M
Q3 24
$44.0M
Q2 24
$21.9M
Free Cash Flow
LQDA
LQDA
LSCC
LSCC
Q1 26
$44.0M
Q4 25
$42.2M
Q3 25
$-10.7M
$34.0M
Q2 25
$31.3M
Q1 25
$23.3M
Q4 24
$39.7M
Q3 24
$39.4M
Q2 24
$14.8M
FCF Margin
LQDA
LQDA
LSCC
LSCC
Q1 26
30.2%
Q4 25
45.9%
Q3 25
-19.7%
25.5%
Q2 25
25.2%
Q1 25
19.4%
Q4 24
33.8%
Q3 24
31.0%
Q2 24
11.9%
Capex Intensity
LQDA
LQDA
LSCC
LSCC
Q1 26
9.3%
Q4 25
2.2%
Q3 25
1.7%
9.8%
Q2 25
5.8%
Q1 25
7.2%
Q4 24
4.9%
Q3 24
3.7%
Q2 24
5.8%
Cash Conversion
LQDA
LQDA
LSCC
LSCC
Q1 26
Q4 25
3.04×
Q3 25
16.86×
Q2 25
13.23×
Q1 25
6.35×
Q4 24
2.75×
Q3 24
6.12×
Q2 24
0.97×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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