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Side-by-side financial comparison of MACOM Technology Solutions Holdings, Inc. (MTSI) and Trip.com Group Ltd (TCOM). Click either name above to swap in a different company.

Trip.com Group Ltd is the larger business by last-quarter revenue ($304.6M vs $271.6M, roughly 1.1× MACOM Technology Solutions Holdings, Inc.). Trip.com Group Ltd runs the higher net margin — 27.8% vs 18.0%, a 9.8% gap on every dollar of revenue.

MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.

Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world.

MTSI vs TCOM — Head-to-Head

Bigger by revenue
TCOM
TCOM
1.1× larger
TCOM
$304.6M
$271.6M
MTSI
Higher net margin
TCOM
TCOM
9.8% more per $
TCOM
27.8%
18.0%
MTSI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MTSI
MTSI
TCOM
TCOM
Revenue
$271.6M
$304.6M
Net Profit
$48.8M
$84.6M
Gross Margin
55.9%
78.8%
Operating Margin
15.9%
16.5%
Net Margin
18.0%
27.8%
Revenue YoY
24.5%
Net Profit YoY
129.1%
EPS (diluted)
$0.64
$0.12

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
MTSI
MTSI
TCOM
TCOM
Q1 26
$271.6M
Q4 25
$261.2M
$304.6M
Q3 25
$252.1M
Q2 25
$235.9M
Q1 25
$218.1M
Q3 24
$200.7M
Q2 24
$190.5M
$242.7M
Q1 24
$181.2M
Net Profit
MTSI
MTSI
TCOM
TCOM
Q1 26
$48.8M
Q4 25
$45.1M
$84.6M
Q3 25
$36.5M
Q2 25
$31.7M
Q1 25
$-167.5M
Q3 24
$29.4M
Q2 24
$19.9M
$73.8M
Q1 24
$15.0M
Gross Margin
MTSI
MTSI
TCOM
TCOM
Q1 26
55.9%
Q4 25
54.5%
78.8%
Q3 25
55.3%
Q2 25
55.2%
Q1 25
53.7%
Q3 24
54.7%
Q2 24
53.2%
81.8%
Q1 24
52.5%
Operating Margin
MTSI
MTSI
TCOM
TCOM
Q1 26
15.9%
Q4 25
15.2%
16.5%
Q3 25
14.9%
Q2 25
14.8%
Q1 25
8.0%
Q3 24
13.7%
Q2 24
10.4%
27.8%
Q1 24
8.5%
Net Margin
MTSI
MTSI
TCOM
TCOM
Q1 26
18.0%
Q4 25
17.3%
27.8%
Q3 25
14.5%
Q2 25
13.4%
Q1 25
-76.8%
Q3 24
14.7%
Q2 24
10.5%
30.4%
Q1 24
8.3%
EPS (diluted)
MTSI
MTSI
TCOM
TCOM
Q1 26
$0.64
Q4 25
$0.67
$0.12
Q3 25
$0.48
Q2 25
$0.42
Q1 25
$-2.30
Q3 24
$0.40
Q2 24
$0.27
$0.11
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
MTSI
MTSI
TCOM
TCOM
Cash + ST InvestmentsLiquidity on hand
$768.5M
$10.8B
Total DebtLower is stronger
$4.2B
Stockholders' EquityBook value
$1.4B
$23.8B
Total Assets
$2.1B
$36.9B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTSI
MTSI
TCOM
TCOM
Q1 26
$768.5M
Q4 25
$786.0M
$10.8B
Q3 25
$735.2M
Q2 25
$681.5M
Q1 25
$656.5M
Q3 24
$581.9M
Q2 24
$521.5M
$12.4B
Q1 24
$476.4M
Total Debt
MTSI
MTSI
TCOM
TCOM
Q1 26
Q4 25
$4.2B
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$8.2B
Q1 24
Stockholders' Equity
MTSI
MTSI
TCOM
TCOM
Q1 26
$1.4B
Q4 25
$1.3B
$23.8B
Q3 25
$1.3B
Q2 25
$1.2B
Q1 25
$1.2B
Q3 24
$1.1B
Q2 24
$1.1B
$18.1B
Q1 24
$1.0B
Total Assets
MTSI
MTSI
TCOM
TCOM
Q1 26
$2.1B
Q4 25
$2.1B
$36.9B
Q3 25
$2.0B
Q2 25
$1.9B
Q1 25
$1.8B
Q3 24
$1.8B
Q2 24
$1.7B
$34.2B
Q1 24
$1.7B
Debt / Equity
MTSI
MTSI
TCOM
TCOM
Q1 26
Q4 25
0.18×
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
0.45×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MTSI
MTSI
TCOM
TCOM
Operating Cash FlowLast quarter
$42.9M
Free Cash FlowOCF − Capex
$30.0M
FCF MarginFCF / Revenue
11.0%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTSI
MTSI
TCOM
TCOM
Q1 26
$42.9M
Q4 25
$69.6M
Q3 25
$60.4M
Q2 25
$38.7M
Q1 25
$66.7M
Q3 24
$62.3M
Q2 24
$49.0M
Q1 24
$18.2M
Free Cash Flow
MTSI
MTSI
TCOM
TCOM
Q1 26
$30.0M
Q4 25
$49.4M
Q3 25
$51.6M
Q2 25
$30.5M
Q1 25
$61.3M
Q3 24
$57.1M
Q2 24
$41.5M
Q1 24
$13.1M
FCF Margin
MTSI
MTSI
TCOM
TCOM
Q1 26
11.0%
Q4 25
18.9%
Q3 25
20.5%
Q2 25
12.9%
Q1 25
28.1%
Q3 24
28.5%
Q2 24
21.8%
Q1 24
7.2%
Capex Intensity
MTSI
MTSI
TCOM
TCOM
Q1 26
4.8%
Q4 25
7.7%
Q3 25
3.5%
Q2 25
3.5%
Q1 25
2.4%
Q3 24
2.6%
Q2 24
3.9%
Q1 24
2.8%
Cash Conversion
MTSI
MTSI
TCOM
TCOM
Q1 26
0.88×
Q4 25
1.54×
Q3 25
1.65×
Q2 25
1.22×
Q1 25
Q3 24
2.12×
Q2 24
2.46×
Q1 24
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MTSI
MTSI

Industrial Defense$117.7M43%
Data Center$85.8M32%
Telecom$68.1M25%

TCOM
TCOM

Others$273.0M90%
Other$31.6M10%

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