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Side-by-side financial comparison of Skyworks Solutions (SWKS) and T. Rowe Price (TROW). Click either name above to swap in a different company.

T. Rowe Price is the larger business by last-quarter revenue ($1.9B vs $1.0B, roughly 1.9× Skyworks Solutions). T. Rowe Price runs the higher net margin — 23.0% vs 7.6%, a 15.4% gap on every dollar of revenue. On growth, Skyworks Solutions posted the faster year-over-year revenue change (8.6% vs 6.0%). Skyworks Solutions produced more free cash flow last quarter ($339.0M vs $-85.4M). Over the past eight quarters, T. Rowe Price's revenue compounded faster (5.1% CAGR vs -0.5%).

Skyworks Solutions, Inc. is an American semiconductor company headquartered in Irvine, California, United States. The company's shares are listed on the Nasdaq Global Select Market under the ticker symbol SWKS and is a constituent of the S&P 500.

T. Rowe Price Group, Inc. is an American publicly owned global investment management firm that offers funds, subadvisory services, separate account management, and retirement plans and services for individuals, institutions, and financial intermediaries. The firm has assets under management of more than $1.51 trillion and annual revenues of $6.48 billion as of 2023, placing it 537 on the Fortune 1000 list of the largest U.S. companies.

SWKS vs TROW — Head-to-Head

Bigger by revenue
TROW
TROW
1.9× larger
TROW
$1.9B
$1.0B
SWKS
Growing faster (revenue YoY)
SWKS
SWKS
+2.6% gap
SWKS
8.6%
6.0%
TROW
Higher net margin
TROW
TROW
15.4% more per $
TROW
23.0%
7.6%
SWKS
More free cash flow
SWKS
SWKS
$424.4M more FCF
SWKS
$339.0M
$-85.4M
TROW
Faster 2-yr revenue CAGR
TROW
TROW
Annualised
TROW
5.1%
-0.5%
SWKS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SWKS
SWKS
TROW
TROW
Revenue
$1.0B
$1.9B
Net Profit
$79.2M
$445.3M
Gross Margin
41.3%
Operating Margin
10.0%
24.4%
Net Margin
7.6%
23.0%
Revenue YoY
8.6%
6.0%
Net Profit YoY
15.3%
1.2%
EPS (diluted)
$0.53
$1.98

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
SWKS
SWKS
TROW
TROW
Q1 26
$1.0B
Q4 25
$1.1B
$1.9B
Q3 25
$1.9B
Q2 25
$965.0M
$1.7B
Q1 25
$953.2M
$1.8B
Q4 24
$1.1B
$1.8B
Q3 24
$1.0B
$1.8B
Q2 24
$905.5M
$1.7B
Net Profit
SWKS
SWKS
TROW
TROW
Q1 26
$79.2M
Q4 25
$141.4M
$445.3M
Q3 25
$646.1M
Q2 25
$105.0M
$505.2M
Q1 25
$68.7M
$490.5M
Q4 24
$162.0M
$439.9M
Q3 24
$60.5M
$603.0M
Q2 24
$120.9M
$483.4M
Gross Margin
SWKS
SWKS
TROW
TROW
Q1 26
41.3%
Q4 25
40.7%
Q3 25
Q2 25
41.6%
Q1 25
41.1%
Q4 24
41.4%
Q3 24
41.9%
Q2 24
40.2%
Operating Margin
SWKS
SWKS
TROW
TROW
Q1 26
10.0%
Q4 25
10.1%
24.4%
Q3 25
34.0%
Q2 25
11.5%
27.8%
Q1 25
10.2%
33.8%
Q4 24
16.9%
31.2%
Q3 24
5.8%
34.4%
Q2 24
14.4%
32.6%
Net Margin
SWKS
SWKS
TROW
TROW
Q1 26
7.6%
Q4 25
12.9%
23.0%
Q3 25
34.1%
Q2 25
10.9%
29.3%
Q1 25
7.2%
27.8%
Q4 24
15.2%
24.1%
Q3 24
5.9%
33.8%
Q2 24
13.4%
27.9%
EPS (diluted)
SWKS
SWKS
TROW
TROW
Q1 26
$0.53
Q4 25
$0.95
$1.98
Q3 25
$2.87
Q2 25
$0.70
$2.24
Q1 25
$0.43
$2.15
Q4 24
$1.00
$1.91
Q3 24
$0.36
$2.64
Q2 24
$0.75
$2.11

Balance Sheet & Financial Strength

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

Metric
SWKS
SWKS
TROW
TROW
Cash + ST InvestmentsLiquidity on hand
$1.6B
$3.4B
Total DebtLower is stronger
$496.6M
Stockholders' EquityBook value
$5.8B
$10.9B
Total Assets
$7.9B
$14.3B
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SWKS
SWKS
TROW
TROW
Q1 26
$1.6B
Q4 25
$1.4B
$3.4B
Q3 25
$3.6B
Q2 25
$1.3B
$3.1B
Q1 25
$1.5B
$2.8B
Q4 24
$1.7B
$2.6B
Q3 24
$1.6B
$3.2B
Q2 24
$1.3B
$2.7B
Total Debt
SWKS
SWKS
TROW
TROW
Q1 26
$496.6M
Q4 25
$496.4M
Q3 25
Q2 25
$496.2M
Q1 25
$995.1M
Q4 24
$994.7M
Q3 24
$994.3M
Q2 24
$994.0M
Stockholders' Equity
SWKS
SWKS
TROW
TROW
Q1 26
$5.8B
Q4 25
$5.8B
$10.9B
Q3 25
$10.8B
Q2 25
$5.7B
$10.6B
Q1 25
$5.9B
$10.4B
Q4 24
$6.4B
$10.3B
Q3 24
$6.3B
$10.2B
Q2 24
$6.3B
$9.9B
Total Assets
SWKS
SWKS
TROW
TROW
Q1 26
$7.9B
Q4 25
$7.9B
$14.3B
Q3 25
$14.7B
Q2 25
$7.7B
$14.3B
Q1 25
$7.9B
$14.0B
Q4 24
$8.3B
$13.5B
Q3 24
$8.3B
$13.7B
Q2 24
$8.2B
$13.1B
Debt / Equity
SWKS
SWKS
TROW
TROW
Q1 26
0.09×
Q4 25
0.09×
Q3 25
Q2 25
0.09×
Q1 25
0.17×
Q4 24
0.16×
Q3 24
0.16×
Q2 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
SWKS
SWKS
TROW
TROW
Operating Cash FlowLast quarter
$395.5M
$-18.7M
Free Cash FlowOCF − Capex
$339.0M
$-85.4M
FCF MarginFCF / Revenue
32.7%
-4.4%
Capex IntensityCapex / Revenue
5.5%
3.4%
Cash ConversionOCF / Net Profit
4.99×
-0.04×
TTM Free Cash FlowTrailing 4 quarters
$1.1B
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SWKS
SWKS
TROW
TROW
Q1 26
$395.5M
Q4 25
$200.0M
$-18.7M
Q3 25
$609.3M
Q2 25
$314.2M
$529.9M
Q1 25
$409.4M
$632.9M
Q4 24
$377.2M
$-281.9M
Q3 24
$476.1M
$652.5M
Q2 24
$273.4M
$677.7M
Free Cash Flow
SWKS
SWKS
TROW
TROW
Q1 26
$339.0M
Q4 25
$144.0M
$-85.4M
Q3 25
$546.0M
Q2 25
$252.7M
$467.7M
Q1 25
$370.9M
$550.9M
Q4 24
$338.2M
$-394.9M
Q3 24
$393.3M
$547.9M
Q2 24
$249.0M
$574.4M
FCF Margin
SWKS
SWKS
TROW
TROW
Q1 26
32.7%
Q4 25
13.1%
-4.4%
Q3 25
28.8%
Q2 25
26.2%
27.1%
Q1 25
38.9%
31.2%
Q4 24
31.7%
-21.6%
Q3 24
38.4%
30.7%
Q2 24
27.5%
33.1%
Capex Intensity
SWKS
SWKS
TROW
TROW
Q1 26
5.5%
Q4 25
5.1%
3.4%
Q3 25
3.3%
Q2 25
6.4%
3.6%
Q1 25
4.0%
4.6%
Q4 24
3.6%
6.2%
Q3 24
8.1%
5.9%
Q2 24
2.7%
6.0%
Cash Conversion
SWKS
SWKS
TROW
TROW
Q1 26
4.99×
Q4 25
1.41×
-0.04×
Q3 25
0.94×
Q2 25
2.99×
1.05×
Q1 25
5.96×
1.29×
Q4 24
2.33×
-0.64×
Q3 24
7.87×
1.08×
Q2 24
2.26×
1.40×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SWKS
SWKS

Sales Channel Through Intermediary$915.6M88%
Sales Channel Directly To Consumer$119.8M12%

TROW
TROW

Asset Management1$1.7B90%
Administrative Distribution Servicing And Other Fee Revenue$141.5M7%
Other$40.8M2%
Performance Based Advisory Fees$14.2M1%

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