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Side-by-side financial comparison of Supermicro (SMCI) and XP Inc. (XP). Click either name above to swap in a different company.

XP Inc. is the larger business by last-quarter revenue ($13.5B vs $12.7B, roughly 1.1× Supermicro). Supermicro runs the higher net margin — 3.2% vs 0.0%, a 3.2% gap on every dollar of revenue.

Super Micro Computer, Inc., doing business as Supermicro, is an American information technology company based in San Jose, California. The company is one of the largest producers of high-performance and high-efficiency servers, while also providing server management software, and storage systems for various markets, including enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing.

XP Inc. is a Brazilian investment management company. The company offers fixed income, equities, investment funds, and private pension products, as well as offers wealth management and other financial services. XP serves customers in Brazil and has offices in São Paulo, Rio de Janeiro, New York, Miami, London and Geneva.

SMCI vs XP — Head-to-Head

Bigger by revenue
XP
XP
1.1× larger
XP
$13.5B
$12.7B
SMCI
Higher net margin
SMCI
SMCI
3.2% more per $
SMCI
3.2%
0.0%
XP

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
SMCI
SMCI
XP
XP
Revenue
$12.7B
$13.5B
Net Profit
$400.6M
$22.0K
Gross Margin
6.3%
Operating Margin
3.7%
1.1%
Net Margin
3.2%
0.0%
Revenue YoY
123.4%
Net Profit YoY
24.9%
EPS (diluted)
$0.60
$536884.00

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
SMCI
SMCI
XP
XP
Q4 25
$12.7B
Q3 25
$5.0B
$13.5B
Q2 25
$5.8B
$8.8B
Q1 25
$4.6B
$4.3B
Q4 24
$5.7B
Q3 24
$5.9B
$12.6B
Q2 24
$5.4B
$8.3B
Q1 24
$3.9B
$4.1B
Net Profit
SMCI
SMCI
XP
XP
Q4 25
$400.6M
Q3 25
$168.3M
$22.0K
Q2 25
$195.2M
$22.0K
Q1 25
$108.8M
$22.0K
Q4 24
$320.6M
Q3 24
$424.3M
$21.0K
Q2 24
$297.2M
$21.0K
Q1 24
$402.5M
$21.0K
Gross Margin
SMCI
SMCI
XP
XP
Q4 25
6.3%
Q3 25
9.3%
Q2 25
9.5%
Q1 25
9.6%
Q4 24
11.8%
Q3 24
13.1%
Q2 24
10.2%
Q1 24
15.5%
Operating Margin
SMCI
SMCI
XP
XP
Q4 25
3.7%
Q3 25
3.6%
1.1%
Q2 25
4.0%
1.0%
Q1 25
3.2%
1.1%
Q4 24
6.5%
Q3 24
8.6%
1.0%
Q2 24
5.4%
0.9%
Q1 24
9.8%
1.0%
Net Margin
SMCI
SMCI
XP
XP
Q4 25
3.2%
Q3 25
3.4%
0.0%
Q2 25
3.4%
0.0%
Q1 25
2.4%
0.0%
Q4 24
5.6%
Q3 24
7.1%
0.0%
Q2 24
5.6%
0.0%
Q1 24
10.5%
0.0%
EPS (diluted)
SMCI
SMCI
XP
XP
Q4 25
$0.60
Q3 25
$0.26
$536884.00
Q2 25
$0.33
$537811.00
Q1 25
$0.17
$539533.00
Q4 24
$0.51
Q3 24
$0.67
$550958.00
Q2 24
$-12.49
$554030.00
Q1 24
$6.56
$556675.00

Balance Sheet & Financial Strength

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

Metric
SMCI
SMCI
XP
XP
Cash + ST InvestmentsLiquidity on hand
$4.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0B
$20.0B
Total Assets
$28.0B
$347.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMCI
SMCI
XP
XP
Q4 25
$4.1B
Q3 25
$4.2B
Q2 25
$5.2B
Q1 25
$2.5B
Q4 24
$1.4B
Q3 24
$2.1B
Q2 24
$1.7B
Q1 24
$2.1B
Stockholders' Equity
SMCI
SMCI
XP
XP
Q4 25
$7.0B
Q3 25
$6.5B
$20.0B
Q2 25
$6.3B
$20.0B
Q1 25
$6.4B
$20.0B
Q4 24
$6.2B
Q3 24
$5.9B
$19.5B
Q2 24
$5.4B
$19.5B
Q1 24
$5.1B
$19.5B
Total Assets
SMCI
SMCI
XP
XP
Q4 25
$28.0B
Q3 25
$14.4B
$347.5B
Q2 25
$14.0B
$347.5B
Q1 25
$10.7B
$347.5B
Q4 24
$9.7B
Q3 24
$10.9B
$249.0B
Q2 24
$9.8B
$249.0B
Q1 24
$8.9B
$249.0B

Cash Flow & Capital Efficiency

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

Metric
SMCI
SMCI
XP
XP
Operating Cash FlowLast quarter
$-23.9M
Free Cash FlowOCF − Capex
$-45.1M
FCF MarginFCF / Revenue
-0.4%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
-0.06×
TTM Free Cash FlowTrailing 4 quarters
$440.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMCI
SMCI
XP
XP
Q4 25
$-23.9M
Q3 25
$-917.5M
Q2 25
$863.6M
Q1 25
$626.8M
Q4 24
$-239.8M
Q3 24
$408.9M
Q2 24
$-641.8M
Q1 24
$-1.5B
Free Cash Flow
SMCI
SMCI
XP
XP
Q4 25
$-45.1M
Q3 25
$-949.8M
Q2 25
$840.9M
Q1 25
$594.1M
Q4 24
$-267.3M
Q3 24
$364.6M
Q2 24
$-655.8M
Q1 24
$-1.6B
FCF Margin
SMCI
SMCI
XP
XP
Q4 25
-0.4%
Q3 25
-18.9%
Q2 25
14.6%
Q1 25
12.9%
Q4 24
-4.7%
Q3 24
6.1%
Q2 24
-12.2%
Q1 24
-41.9%
Capex Intensity
SMCI
SMCI
XP
XP
Q4 25
0.2%
Q3 25
0.6%
Q2 25
0.4%
Q1 25
0.7%
Q4 24
0.5%
Q3 24
0.7%
Q2 24
0.3%
Q1 24
2.4%
Cash Conversion
SMCI
SMCI
XP
XP
Q4 25
-0.06×
Q3 25
-5.45×
Q2 25
4.43×
Q1 25
5.76×
Q4 24
-0.75×
Q3 24
0.96×
Q2 24
-2.16×
Q1 24
-3.78×

Financial Flow Comparison

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

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