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Side-by-side financial comparison of Microchip Technology (MCHP) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.2B, roughly 1.2× Microchip Technology). Microchip Technology runs the higher net margin — 5.3% vs -3.1%, a 8.4% gap on every dollar of revenue. On growth, Microchip Technology posted the faster year-over-year revenue change (15.6% vs -11.9%). Microchip Technology produced more free cash flow last quarter ($318.9M vs $-9.0M). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs -5.4%).
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
MCHP vs RXO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.5B |
| Net Profit | $62.7M | $-46.0M |
| Gross Margin | 59.6% | — |
| Operating Margin | 12.8% | -2.9% |
| Net Margin | 5.3% | -3.1% |
| Revenue YoY | 15.6% | -11.9% |
| Net Profit YoY | 217.0% | -84.0% |
| EPS (diluted) | $0.06 | $-0.28 |
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 | $1.2B | $1.5B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.1B | $1.4B | ||
| Q1 25 | $970.5M | $1.4B | ||
| Q4 24 | $1.0B | $1.7B | ||
| Q3 24 | $1.2B | $1.0B | ||
| Q2 24 | $1.2B | $930.0M | ||
| Q1 24 | $1.3B | $913.0M |
| Q4 25 | $62.7M | $-46.0M | ||
| Q3 25 | $41.7M | $-14.0M | ||
| Q2 25 | $-18.6M | $-9.0M | ||
| Q1 25 | $-154.6M | $-31.0M | ||
| Q4 24 | $-53.6M | $-25.0M | ||
| Q3 24 | $78.4M | $-243.0M | ||
| Q2 24 | $129.3M | $-7.0M | ||
| Q1 24 | $154.7M | $-15.0M |
| Q4 25 | 59.6% | — | ||
| Q3 25 | 55.9% | — | ||
| Q2 25 | 53.6% | — | ||
| Q1 25 | 51.6% | — | ||
| Q4 24 | 54.7% | — | ||
| Q3 24 | 57.4% | — | ||
| Q2 24 | 59.4% | — | ||
| Q1 24 | 59.6% | — |
| Q4 25 | 12.8% | -2.9% | ||
| Q3 25 | 7.8% | -0.5% | ||
| Q2 25 | 3.0% | — | ||
| Q1 25 | -10.3% | -2.1% | ||
| Q4 24 | 3.0% | -1.4% | ||
| Q3 24 | 12.6% | -1.9% | ||
| Q2 24 | 17.7% | — | ||
| Q1 24 | 19.1% | -1.3% |
| Q4 25 | 5.3% | -3.1% | ||
| Q3 25 | 3.7% | -1.0% | ||
| Q2 25 | -1.7% | -0.6% | ||
| Q1 25 | -15.9% | -2.2% | ||
| Q4 24 | -5.2% | -1.5% | ||
| Q3 24 | 6.7% | -23.4% | ||
| Q2 24 | 10.4% | -0.8% | ||
| Q1 24 | 11.7% | -1.6% |
| Q4 25 | $0.06 | $-0.28 | ||
| Q3 25 | $0.03 | $-0.08 | ||
| Q2 25 | $-0.09 | $-0.05 | ||
| Q1 25 | $-0.29 | $-0.18 | ||
| Q4 24 | $-0.10 | $-0.17 | ||
| Q3 24 | $0.14 | $-1.81 | ||
| Q2 24 | $0.24 | $-0.06 | ||
| Q1 24 | $0.29 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $250.7M | $17.0M |
| Total DebtLower is stronger | $5.4B | $387.0M |
| Stockholders' EquityBook value | $6.6B | $1.5B |
| Total Assets | $14.3B | $3.3B |
| Debt / EquityLower = less leverage | 0.82× | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.7M | $17.0M | ||
| Q3 25 | $236.8M | $25.0M | ||
| Q2 25 | $566.5M | $18.0M | ||
| Q1 25 | $771.7M | $16.0M | ||
| Q4 24 | $586.0M | $35.0M | ||
| Q3 24 | $286.1M | $55.0M | ||
| Q2 24 | $315.1M | $7.0M | ||
| Q1 24 | $319.7M | $7.0M |
| Q4 25 | $5.4B | $387.0M | ||
| Q3 25 | $5.4B | $387.0M | ||
| Q2 25 | $5.5B | $387.0M | ||
| Q1 25 | $5.6B | $387.0M | ||
| Q4 24 | $6.7B | $351.0M | ||
| Q3 24 | $6.4B | $352.0M | ||
| Q2 24 | $6.2B | $370.0M | ||
| Q1 24 | $6.0B | $351.0M |
| Q4 25 | $6.6B | $1.5B | ||
| Q3 25 | $6.7B | $1.6B | ||
| Q2 25 | $6.9B | $1.6B | ||
| Q1 25 | $7.1B | $1.6B | ||
| Q4 24 | $6.0B | $1.6B | ||
| Q3 24 | $6.3B | $1.7B | ||
| Q2 24 | $6.4B | $579.0M | ||
| Q1 24 | $6.7B | $582.0M |
| Q4 25 | $14.3B | $3.3B | ||
| Q3 25 | $14.5B | $3.2B | ||
| Q2 25 | $15.0B | $3.2B | ||
| Q1 25 | $15.4B | $3.3B | ||
| Q4 24 | $15.6B | $3.4B | ||
| Q3 24 | $15.6B | $3.4B | ||
| Q2 24 | $15.8B | $1.8B | ||
| Q1 24 | $15.9B | $1.8B |
| Q4 25 | 0.82× | 0.25× | ||
| Q3 25 | 0.80× | 0.24× | ||
| Q2 25 | 0.80× | 0.24× | ||
| Q1 25 | 0.80× | 0.24× | ||
| Q4 24 | 1.12× | 0.22× | ||
| Q3 24 | 1.02× | 0.21× | ||
| Q2 24 | 0.96× | 0.64× | ||
| Q1 24 | 0.90× | 0.60× |
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 | $341.4M | $7.0M |
| Free Cash FlowOCF − Capex | $318.9M | $-9.0M |
| FCF MarginFCF / Revenue | 26.9% | -0.6% |
| Capex IntensityCapex / Revenue | 1.9% | 1.1% |
| Cash ConversionOCF / Net Profit | 5.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $819.9M | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $341.4M | $7.0M | ||
| Q3 25 | $88.1M | $23.0M | ||
| Q2 25 | $275.6M | $23.0M | ||
| Q1 25 | $205.9M | $-2.0M | ||
| Q4 24 | $271.5M | $-7.0M | ||
| Q3 24 | $43.6M | $-7.0M | ||
| Q2 24 | $377.1M | $-5.0M | ||
| Q1 24 | $430.0M | $7.0M |
| Q4 25 | $318.9M | $-9.0M | ||
| Q3 25 | $51.6M | $9.0M | ||
| Q2 25 | $257.7M | $9.0M | ||
| Q1 25 | $191.7M | $-17.0M | ||
| Q4 24 | $253.4M | $-19.0M | ||
| Q3 24 | $22.8M | $-18.0M | ||
| Q2 24 | $304.2M | $-16.0M | ||
| Q1 24 | $389.9M | $-4.0M |
| Q4 25 | 26.9% | -0.6% | ||
| Q3 25 | 4.5% | 0.6% | ||
| Q2 25 | 24.0% | 0.6% | ||
| Q1 25 | 19.8% | -1.2% | ||
| Q4 24 | 24.7% | -1.1% | ||
| Q3 24 | 2.0% | -1.7% | ||
| Q2 24 | 24.5% | -1.7% | ||
| Q1 24 | 29.4% | -0.4% |
| Q4 25 | 1.9% | 1.1% | ||
| Q3 25 | 3.2% | 1.0% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 1.5% | 1.0% | ||
| Q4 24 | 1.8% | 0.7% | ||
| Q3 24 | 1.8% | 1.1% | ||
| Q2 24 | 5.9% | 1.2% | ||
| Q1 24 | 3.0% | 1.2% |
| Q4 25 | 5.44× | — | ||
| Q3 25 | 2.11× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.56× | — | ||
| Q2 24 | 2.92× | — | ||
| Q1 24 | 2.78× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MCHP
| Mixed Signal Microcontrollers | $586.5M | 49% |
| Analog | $322.9M | 27% |
| Other Product Line | $276.6M | 23% |
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
