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Side-by-side financial comparison of Sandisk Corp (SNDK) and U.S. Bancorp (USB). Click either name above to swap in a different company.

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $6.0B, roughly 1.2× Sandisk Corp). Sandisk Corp runs the higher net margin — 60.8% vs 27.8%, a 33.0% gap on every dollar of revenue. On growth, Sandisk Corp posted the faster year-over-year revenue change (96.7% vs 5.1%). Over the past eight quarters, Sandisk Corp's revenue compounded faster (77.8% CAGR vs 4.7%).

Sandisk Corporation is an American multinational computer technology company based in Milpitas, California, that designs and manufactures flash memory products, including memory cards, USB flash drives, and solid-state drives. It was founded in 1988 as SunDisk by Eli Harari, Sanjay Mehrotra, and Jack Yuan. The name is a portmanteau of the founder’s name Sanjay and disk.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

SNDK vs USB — Head-to-Head

Bigger by revenue
USB
USB
1.2× larger
USB
$7.4B
$6.0B
SNDK
Growing faster (revenue YoY)
SNDK
SNDK
+91.6% gap
SNDK
96.7%
5.1%
USB
Higher net margin
SNDK
SNDK
33.0% more per $
SNDK
60.8%
27.8%
USB
Faster 2-yr revenue CAGR
SNDK
SNDK
Annualised
SNDK
77.8%
4.7%
USB

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
SNDK
SNDK
USB
USB
Revenue
$6.0B
$7.4B
Net Profit
$3.6B
$2.0B
Gross Margin
78.4%
Operating Margin
69.1%
34.4%
Net Margin
60.8%
27.8%
Revenue YoY
96.7%
5.1%
Net Profit YoY
273.8%
23.0%
EPS (diluted)
$23.03
$1.26

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
SNDK
SNDK
USB
USB
Q3 26
$6.0B
Q2 26
$3.0B
Q1 26
$3.0B
Q4 25
$2.3B
$7.4B
Q3 25
$7.3B
Q2 25
$1.9B
$7.0B
Q1 25
$1.7B
$7.0B
Q4 24
$1.9B
$7.0B
Net Profit
SNDK
SNDK
USB
USB
Q3 26
$3.6B
Q2 26
$803.0M
Q1 26
$803.0M
Q4 25
$112.0M
$2.0B
Q3 25
$2.0B
Q2 25
$-23.0M
$1.8B
Q1 25
$-1.9B
$1.7B
Q4 24
$104.0M
$1.7B
Gross Margin
SNDK
SNDK
USB
USB
Q3 26
78.4%
Q2 26
50.9%
Q1 26
50.9%
Q4 25
29.8%
Q3 25
Q2 25
26.2%
Q1 25
22.5%
Q4 24
32.3%
Operating Margin
SNDK
SNDK
USB
USB
Q3 26
69.1%
Q2 26
35.2%
Q1 26
35.2%
Q4 25
7.6%
34.4%
Q3 25
34.5%
Q2 25
0.9%
32.7%
Q1 25
-111.0%
31.0%
Q4 24
10.4%
30.1%
Net Margin
SNDK
SNDK
USB
USB
Q3 26
60.8%
Q2 26
26.5%
Q1 26
26.5%
Q4 25
4.9%
27.8%
Q3 25
27.3%
Q2 25
-1.2%
25.9%
Q1 25
-114.0%
24.6%
Q4 24
5.5%
23.7%
EPS (diluted)
SNDK
SNDK
USB
USB
Q3 26
$23.03
Q2 26
$5.15
Q1 26
$5.15
Q4 25
$0.75
$1.26
Q3 25
$1.22
Q2 25
$-0.17
$1.11
Q1 25
$-13.33
$1.03
Q4 24
$0.72
$1.01

Balance Sheet & Financial Strength

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

Metric
SNDK
SNDK
USB
USB
Cash + ST InvestmentsLiquidity on hand
$3.7B
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$13.8B
$65.2B
Total Assets
$17.1B
$692.3B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNDK
SNDK
USB
USB
Q3 26
$3.7B
Q2 26
$1.5B
Q1 26
$1.5B
Q4 25
$1.4B
Q3 25
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$804.0M
Total Debt
SNDK
SNDK
USB
USB
Q3 26
$0
Q2 26
$603.0M
Q1 26
$603.0M
Q4 25
$1.4B
Q3 25
Q2 25
$1.8B
Q1 25
$1.9B
Q4 24
Stockholders' Equity
SNDK
SNDK
USB
USB
Q3 26
$13.8B
Q2 26
$10.2B
Q1 26
$10.2B
Q4 25
$9.4B
$65.2B
Q3 25
$63.3B
Q2 25
$9.2B
$61.4B
Q1 25
$9.2B
$60.1B
Q4 24
$12.0B
$58.6B
Total Assets
SNDK
SNDK
USB
USB
Q3 26
$17.1B
Q2 26
$13.0B
Q1 26
$13.0B
Q4 25
$12.7B
$692.3B
Q3 25
$695.4B
Q2 25
$13.0B
$686.4B
Q1 25
$13.0B
$676.5B
Q4 24
$14.2B
$678.3B
Debt / Equity
SNDK
SNDK
USB
USB
Q3 26
0.00×
Q2 26
0.06×
Q1 26
0.06×
Q4 25
0.14×
Q3 25
Q2 25
0.20×
Q1 25
0.21×
Q4 24

Cash Flow & Capital Efficiency

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

Metric
SNDK
SNDK
USB
USB
Operating Cash FlowLast quarter
$2.8B
Free Cash FlowOCF − Capex
$3.0B
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.39×
TTM Free Cash FlowTrailing 4 quarters
$5.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SNDK
SNDK
USB
USB
Q3 26
Q2 26
Q1 26
$1.0B
Q4 25
$488.0M
$2.8B
Q3 25
$3.4B
Q2 25
$2.0B
Q1 25
$26.0M
$-285.0M
Q4 24
$95.0M
$4.8B
Free Cash Flow
SNDK
SNDK
USB
USB
Q3 26
$3.0B
Q2 26
$980.0M
Q1 26
$980.0M
Q4 25
$438.0M
Q3 25
Q2 25
Q1 25
$-18.0M
Q4 24
$47.0M
FCF Margin
SNDK
SNDK
USB
USB
Q3 26
50.3%
Q2 26
32.4%
Q1 26
32.4%
Q4 25
19.0%
Q3 25
Q2 25
Q1 25
-1.1%
Q4 24
2.5%
Capex Intensity
SNDK
SNDK
USB
USB
Q3 26
Q2 26
Q1 26
1.3%
Q4 25
2.2%
Q3 25
Q2 25
Q1 25
2.6%
Q4 24
2.6%
Cash Conversion
SNDK
SNDK
USB
USB
Q3 26
Q2 26
Q1 26
1.27×
Q4 25
4.36×
1.39×
Q3 25
1.69×
Q2 25
1.12×
Q1 25
-0.17×
Q4 24
0.91×
2.87×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SNDK
SNDK

Edge$3.7B62%
Datacenter$1.5B25%
Consumer$820.0M14%

USB
USB

Segment breakdown not available.

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