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Side-by-side financial comparison of Qualcomm (QCOM) and Sea Ltd (SE). Click either name above to swap in a different company.

Sea Ltd is the larger business by last-quarter revenue ($22.9B vs $12.3B, roughly 1.9× Qualcomm). Qualcomm runs the higher net margin — 24.5% vs 7.0%, a 17.5% gap on every dollar of revenue. On growth, Sea Ltd posted the faster year-over-year revenue change (363.4% vs 5.0%). Over the past eight quarters, Sea Ltd's revenue compounded faster (147.8% CAGR vs 14.2%).

Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.

Sea Limited is a tech conglomerate headquartered in Singapore. It is listed on the New York Stock Exchange, with revenue of US$16.8 billion (2024). Sea currently functions as a holding company for Garena, Monee and Shopee, the largest e-commerce platform in Southeast Asia.

QCOM vs SE — Head-to-Head

Bigger by revenue
SE
SE
1.9× larger
SE
$22.9B
$12.3B
QCOM
Growing faster (revenue YoY)
SE
SE
+358.4% gap
SE
363.4%
5.0%
QCOM
Higher net margin
QCOM
QCOM
17.5% more per $
QCOM
24.5%
7.0%
SE
Faster 2-yr revenue CAGR
SE
SE
Annualised
SE
147.8%
14.2%
QCOM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
QCOM
QCOM
SE
SE
Revenue
$12.3B
$22.9B
Net Profit
$3.0B
$1.6B
Gross Margin
54.6%
44.7%
Operating Margin
27.5%
8.7%
Net Margin
24.5%
7.0%
Revenue YoY
5.0%
363.4%
Net Profit YoY
-5.5%
EPS (diluted)
$2.78
$2.52

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
QCOM
QCOM
SE
SE
Q4 25
$12.3B
$22.9B
Q3 25
$11.3B
$6.0B
Q2 25
$10.4B
$5.3B
Q1 25
$11.0B
$4.8B
Q4 24
$11.7B
$5.0B
Q3 24
$10.2B
$4.3B
Q2 24
$9.4B
$3.8B
Q1 24
$9.4B
$3.7B
Net Profit
QCOM
QCOM
SE
SE
Q4 25
$3.0B
$1.6B
Q3 25
$-3.1B
$375.0M
Q2 25
$2.7B
$414.2M
Q1 25
$2.8B
$-7.8M
Q4 24
$3.2B
Q3 24
$2.9B
Q2 24
$2.1B
Q1 24
$2.3B
$-23.0M
Gross Margin
QCOM
QCOM
SE
SE
Q4 25
54.6%
44.7%
Q3 25
55.3%
43.4%
Q2 25
55.6%
45.8%
Q1 25
55.0%
46.2%
Q4 24
55.8%
Q3 24
56.4%
Q2 24
55.6%
Q1 24
56.3%
41.6%
Operating Margin
QCOM
QCOM
SE
SE
Q4 25
27.5%
8.7%
Q3 25
25.9%
8.0%
Q2 25
26.6%
9.3%
Q1 25
28.4%
9.4%
Q4 24
30.5%
Q3 24
25.2%
Q2 24
23.6%
Q1 24
24.9%
1.9%
Net Margin
QCOM
QCOM
SE
SE
Q4 25
24.5%
7.0%
Q3 25
-27.7%
6.3%
Q2 25
25.7%
7.9%
Q1 25
25.6%
-0.2%
Q4 24
27.3%
Q3 24
28.5%
Q2 24
22.7%
Q1 24
24.8%
-0.6%
EPS (diluted)
QCOM
QCOM
SE
SE
Q4 25
$2.78
$2.52
Q3 25
$-2.77
$0.59
Q2 25
$2.43
$0.65
Q1 25
$2.52
$0.65
Q4 24
$2.83
Q3 24
$2.57
Q2 24
$1.88
Q1 24
$2.06

Balance Sheet & Financial Strength

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

Metric
QCOM
QCOM
SE
SE
Cash + ST InvestmentsLiquidity on hand
$11.8B
$10.6B
Total DebtLower is stronger
$14.8B
Stockholders' EquityBook value
$23.1B
$12.6B
Total Assets
$53.0B
$29.4B
Debt / EquityLower = less leverage
0.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QCOM
QCOM
SE
SE
Q4 25
$11.8B
$10.6B
Q3 25
$10.2B
Q2 25
$10.0B
Q1 25
$13.8B
Q4 24
$14.3B
$8.6B
Q3 24
$13.3B
Q2 24
$13.0B
Q1 24
$13.9B
Total Debt
QCOM
QCOM
SE
SE
Q4 25
$14.8B
Q3 25
$14.8B
Q2 25
$14.8B
Q1 25
$13.3B
Q4 24
$13.2B
Q3 24
$13.3B
Q2 24
$13.2B
Q1 24
$14.5B
Stockholders' Equity
QCOM
QCOM
SE
SE
Q4 25
$23.1B
$12.6B
Q3 25
$21.2B
Q2 25
$27.2B
Q1 25
$27.7B
Q4 24
$26.9B
$8.4B
Q3 24
$26.3B
Q2 24
$24.7B
Q1 24
$24.5B
Total Assets
QCOM
QCOM
SE
SE
Q4 25
$53.0B
$29.4B
Q3 25
$50.1B
Q2 25
$54.9B
Q1 25
$55.4B
Q4 24
$55.6B
$22.6B
Q3 24
$55.2B
Q2 24
$52.7B
Q1 24
$53.2B
Debt / Equity
QCOM
QCOM
SE
SE
Q4 25
0.64×
Q3 25
0.70×
Q2 25
0.54×
Q1 25
0.48×
Q4 24
0.49×
Q3 24
0.51×
Q2 24
0.53×
Q1 24
0.59×

Cash Flow & Capital Efficiency

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

Metric
QCOM
QCOM
SE
SE
Operating Cash FlowLast quarter
$5.0B
$5.0B
Free Cash FlowOCF − Capex
$4.4B
FCF MarginFCF / Revenue
36.0%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
1.65×
3.12×
TTM Free Cash FlowTrailing 4 quarters
$12.9B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QCOM
QCOM
SE
SE
Q4 25
$5.0B
$5.0B
Q3 25
$4.0B
$3.5B
Q2 25
$2.9B
$2.4B
Q1 25
$2.6B
$756.9M
Q4 24
$4.6B
Q3 24
$2.6B
Q2 24
$3.1B
Q1 24
$3.6B
$468.5M
Free Cash Flow
QCOM
QCOM
SE
SE
Q4 25
$4.4B
Q3 25
$3.6B
Q2 25
$2.6B
Q1 25
$2.3B
Q4 24
$4.3B
Q3 24
$2.4B
Q2 24
$2.7B
Q1 24
$3.4B
FCF Margin
QCOM
QCOM
SE
SE
Q4 25
36.0%
Q3 25
31.8%
Q2 25
24.9%
Q1 25
21.3%
Q4 24
36.9%
Q3 24
23.3%
Q2 24
28.4%
Q1 24
35.9%
Capex Intensity
QCOM
QCOM
SE
SE
Q4 25
4.5%
Q3 25
3.6%
Q2 25
2.8%
Q1 25
1.9%
Q4 24
2.4%
Q3 24
2.5%
Q2 24
4.1%
Q1 24
2.0%
Cash Conversion
QCOM
QCOM
SE
SE
Q4 25
1.65×
3.12×
Q3 25
9.46×
Q2 25
1.08×
5.73×
Q1 25
0.91×
Q4 24
1.44×
Q3 24
0.91×
Q2 24
1.43×
Q1 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

QCOM
QCOM

Handsets$7.8B64%
Io T$1.7B14%
Qtl$1.6B13%
Automotive$1.1B9%

SE
SE

Segment breakdown not available.

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