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Side-by-side financial comparison of MAGNACHIP SEMICONDUCTOR Corp (MX) and SURF AIR MOBILITY INC. (SRFM). Click either name above to swap in a different company.

MAGNACHIP SEMICONDUCTOR Corp is the larger business by last-quarter revenue ($40.6M vs $26.4M, roughly 1.5× SURF AIR MOBILITY INC.). MAGNACHIP SEMICONDUCTOR Corp runs the higher net margin — -19.9% vs -139.4%, a 119.5% gap on every dollar of revenue. On growth, SURF AIR MOBILITY INC. posted the faster year-over-year revenue change (-5.7% vs -20.7%). MAGNACHIP SEMICONDUCTOR Corp produced more free cash flow last quarter ($-4.8M vs $-20.1M). Over the past eight quarters, MAGNACHIP SEMICONDUCTOR Corp's revenue compounded faster (-3.4% CAGR vs -7.1%).

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.

Surf Air Mobility Inc. is an American aviation company focused on regional flying. The company plans to develop electric and hybrid powertrains to upgrade existing aircraft. Surf Air Mobility is also developing AI-enabled SurfOS operating system for the regional air mobility industry. Surf Air Mobility is the parent company of Surf Air, Surf On Demand, and two airlines, Mokulele Airlines and Southern Airways Express.

MX vs SRFM — Head-to-Head

Bigger by revenue
MX
MX
1.5× larger
MX
$40.6M
$26.4M
SRFM
Growing faster (revenue YoY)
SRFM
SRFM
+15.0% gap
SRFM
-5.7%
-20.7%
MX
Higher net margin
MX
MX
119.5% more per $
MX
-19.9%
-139.4%
SRFM
More free cash flow
MX
MX
$15.3M more FCF
MX
$-4.8M
$-20.1M
SRFM
Faster 2-yr revenue CAGR
MX
MX
Annualised
MX
-3.4%
-7.1%
SRFM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MX
MX
SRFM
SRFM
Revenue
$40.6M
$26.4M
Net Profit
$-8.1M
$-36.9M
Gross Margin
9.3%
Operating Margin
-26.1%
-97.8%
Net Margin
-19.9%
-139.4%
Revenue YoY
-20.7%
-5.7%
Net Profit YoY
50.4%
-3015.3%
EPS (diluted)
$-0.23
$-0.08

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
MX
MX
SRFM
SRFM
Q4 25
$40.6M
$26.4M
Q3 25
$45.9M
$29.2M
Q2 25
$47.6M
$27.4M
Q1 25
$44.7M
$23.5M
Q4 24
$51.2M
$28.0M
Q3 24
$55.4M
$28.4M
Q2 24
$46.4M
$32.4M
Q1 24
$43.4M
$30.6M
Net Profit
MX
MX
SRFM
SRFM
Q4 25
$-8.1M
$-36.9M
Q3 25
$-13.1M
$-27.2M
Q2 25
$323.0K
$-28.0M
Q1 25
$-8.9M
$-18.5M
Q4 24
$-16.3M
$1.3M
Q3 24
$-9.6M
$-12.2M
Q2 24
$-13.0M
$-27.0M
Q1 24
$-15.4M
$-37.0M
Gross Margin
MX
MX
SRFM
SRFM
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%
Operating Margin
MX
MX
SRFM
SRFM
Q4 25
-26.1%
-97.8%
Q3 25
-25.1%
-56.6%
Q2 25
-15.6%
-58.1%
Q1 25
-14.1%
-79.0%
Q4 24
-12.5%
28.9%
Q3 24
-8.1%
-30.4%
Q2 24
-12.3%
-78.0%
Q1 24
-21.6%
-112.6%
Net Margin
MX
MX
SRFM
SRFM
Q4 25
-19.9%
-139.4%
Q3 25
-28.5%
-93.3%
Q2 25
0.7%
-102.1%
Q1 25
-19.9%
-78.6%
Q4 24
-31.8%
4.5%
Q3 24
-17.3%
-43.1%
Q2 24
-28.0%
-83.4%
Q1 24
-35.5%
-120.7%
EPS (diluted)
MX
MX
SRFM
SRFM
Q4 25
$-0.23
$-0.08
Q3 25
$-0.36
$-0.64
Q2 25
$0.01
$-1.34
Q1 25
$-0.24
$-1.09
Q4 24
$-0.44
$0.80
Q3 24
$-0.26
$-0.94
Q2 24
$-0.34
$-2.31
Q1 24
$-0.40
$-3.35

Balance Sheet & Financial Strength

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

Metric
MX
MX
SRFM
SRFM
Cash + ST InvestmentsLiquidity on hand
$103.8M
$12.7M
Total DebtLower is stronger
$17.1M
Stockholders' EquityBook value
$248.3M
$-54.9M
Total Assets
$351.5M
$131.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MX
MX
SRFM
SRFM
Q4 25
$103.8M
$12.7M
Q3 25
$108.0M
$7.1M
Q2 25
$113.3M
$22.6M
Q1 25
$132.7M
$6.6M
Q4 24
$138.6M
$21.1M
Q3 24
$151.1M
$506.0K
Q2 24
$162.5M
$1.5M
Q1 24
$171.6M
$1.3M
Total Debt
MX
MX
SRFM
SRFM
Q4 25
$17.1M
Q3 25
$63.8M
Q2 25
$63.3M
Q1 25
$62.9M
Q4 24
$62.4M
Q3 24
$22.5M
Q2 24
$23.3M
Q1 24
$25.1M
Stockholders' Equity
MX
MX
SRFM
SRFM
Q4 25
$248.3M
$-54.9M
Q3 25
$255.3M
$-92.6M
Q2 25
$270.2M
$-115.5M
Q1 25
$269.2M
$-135.6M
Q4 24
$276.8M
$-120.0M
Q3 24
$299.6M
$-135.6M
Q2 24
$305.8M
$-128.1M
Q1 24
$321.9M
$-106.3M
Total Assets
MX
MX
SRFM
SRFM
Q4 25
$351.5M
$131.7M
Q3 25
$359.6M
$106.8M
Q2 25
$370.5M
$129.0M
Q1 25
$373.9M
$105.3M
Q4 24
$379.3M
$124.1M
Q3 24
$411.4M
$97.9M
Q2 24
$412.7M
$105.5M
Q1 24
$426.2M
$108.8M

Cash Flow & Capital Efficiency

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

Metric
MX
MX
SRFM
SRFM
Operating Cash FlowLast quarter
$5.4M
$-18.4M
Free Cash FlowOCF − Capex
$-4.8M
$-20.1M
FCF MarginFCF / Revenue
-11.9%
-76.0%
Capex IntensityCapex / Revenue
25.3%
6.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-54.2M
$-70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MX
MX
SRFM
SRFM
Q4 25
$5.4M
$-18.4M
Q3 25
$162.0K
$-19.3M
Q2 25
$-25.1M
$-10.6M
Q1 25
$-4.7M
$-15.8M
Q4 24
$11.9M
$-23.6M
Q3 24
$-12.9M
$-12.3M
Q2 24
$-1.1M
$-5.6M
Q1 24
$-4.0M
$-12.8M
Free Cash Flow
MX
MX
SRFM
SRFM
Q4 25
$-4.8M
$-20.1M
Q3 25
$-7.5M
$-21.1M
Q2 25
$-37.0M
$-11.9M
Q1 25
$-4.9M
$-17.1M
Q4 24
$4.4M
$-32.7M
Q3 24
$-15.5M
$-13.6M
Q2 24
$-2.0M
$-6.3M
Q1 24
$-4.6M
$-13.5M
FCF Margin
MX
MX
SRFM
SRFM
Q4 25
-11.9%
-76.0%
Q3 25
-16.3%
-72.2%
Q2 25
-77.7%
-43.2%
Q1 25
-10.9%
-72.6%
Q4 24
8.7%
-116.5%
Q3 24
-28.0%
-47.8%
Q2 24
-4.3%
-19.5%
Q1 24
-10.7%
-44.2%
Capex Intensity
MX
MX
SRFM
SRFM
Q4 25
25.3%
6.5%
Q3 25
16.7%
5.9%
Q2 25
24.9%
4.4%
Q1 25
0.5%
5.4%
Q4 24
14.5%
32.4%
Q3 24
4.7%
4.4%
Q2 24
1.9%
2.2%
Q1 24
1.5%
2.3%
Cash Conversion
MX
MX
SRFM
SRFM
Q4 25
Q3 25
Q2 25
-77.81×
Q1 25
Q4 24
-18.64×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MX
MX

Power Analog Solutions$36.8M91%
Power Ic$3.8M9%

SRFM
SRFM

Scheduled$17.2M65%
On Demand$9.2M35%

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