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Side-by-side financial comparison of TOWER SEMICONDUCTOR LTD (TSEM) and WAFD INC (WAFD). Click either name above to swap in a different company.

TOWER SEMICONDUCTOR LTD is the larger business by last-quarter revenue ($351.2M vs $191.4M, roughly 1.8× WAFD INC). WAFD INC runs the higher net margin — 33.5% vs 15.2%, a 18.3% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs -1.7%).

Tower Semiconductor Ltd. is an Israeli company that manufactures integrated circuits using specialty process technologies, including SiGe, BiCMOS, Silicon Photonics, SOI, mixed-signal and RFCMOS, CMOS image sensors, non-imaging sensors, power management (BCD), and non-volatile memory (NVM) as well as MEMS capabilities. Tower Semiconductor also owns 51% of TPSCo, an enterprise with Nuvoton Technology Corporation Japan (NTCJ).

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

TSEM vs WAFD — Head-to-Head

Bigger by revenue
TSEM
TSEM
1.8× larger
TSEM
$351.2M
$191.4M
WAFD
Growing faster (revenue YoY)
WAFD
WAFD
+13.5% gap
WAFD
11.8%
-1.7%
TSEM
Higher net margin
WAFD
WAFD
18.3% more per $
WAFD
33.5%
15.2%
TSEM

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
TSEM
TSEM
WAFD
WAFD
Revenue
$351.2M
$191.4M
Net Profit
$53.4M
$64.2M
Gross Margin
24.8%
Operating Margin
15.7%
43.0%
Net Margin
15.2%
33.5%
Revenue YoY
-1.7%
11.8%
Net Profit YoY
4.4%
35.8%
EPS (diluted)
$0.48
$0.79

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
TSEM
TSEM
WAFD
WAFD
Q4 25
$191.4M
Q3 25
$188.3M
Q2 25
$186.3M
Q1 25
$179.8M
Q4 24
$171.1M
Q3 24
$188.7M
Q2 24
$351.2M
$194.4M
Q1 24
$172.0M
Net Profit
TSEM
TSEM
WAFD
WAFD
Q4 25
$64.2M
Q3 25
$60.6M
Q2 25
$62.0M
Q1 25
$56.3M
Q4 24
$47.3M
Q3 24
$61.1M
Q2 24
$53.4M
$64.6M
Q1 24
$15.9M
Gross Margin
TSEM
TSEM
WAFD
WAFD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
24.8%
Q1 24
Operating Margin
TSEM
TSEM
WAFD
WAFD
Q4 25
43.0%
Q3 25
41.2%
Q2 25
42.8%
Q1 25
40.1%
Q4 24
35.2%
Q3 24
42.8%
Q2 24
15.7%
42.6%
Q1 24
12.2%
Net Margin
TSEM
TSEM
WAFD
WAFD
Q4 25
33.5%
Q3 25
32.2%
Q2 25
33.3%
Q1 25
31.3%
Q4 24
27.6%
Q3 24
32.4%
Q2 24
15.2%
33.2%
Q1 24
9.2%
EPS (diluted)
TSEM
TSEM
WAFD
WAFD
Q4 25
$0.79
Q3 25
$0.71
Q2 25
$0.73
Q1 25
$0.65
Q4 24
$0.54
Q3 24
$0.73
Q2 24
$0.48
$0.75
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
TSEM
TSEM
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$265.3M
$734.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$3.0B
Total Assets
$3.0B
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSEM
TSEM
WAFD
WAFD
Q4 25
$734.9M
Q3 25
$657.3M
Q2 25
$809.3M
Q1 25
$1.2B
Q4 24
$1.5B
Q3 24
$2.4B
Q2 24
$265.3M
$2.5B
Q1 24
$1.5B
Stockholders' Equity
TSEM
TSEM
WAFD
WAFD
Q4 25
$3.0B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$3.0B
Q2 24
$2.5B
$3.0B
Q1 24
$2.9B
Total Assets
TSEM
TSEM
WAFD
WAFD
Q4 25
$27.3B
Q3 25
$26.7B
Q2 25
$26.7B
Q1 25
$27.6B
Q4 24
$27.7B
Q3 24
$28.1B
Q2 24
$3.0B
$28.6B
Q1 24
$30.1B

Cash Flow & Capital Efficiency

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

Metric
TSEM
TSEM
WAFD
WAFD
Operating Cash FlowLast quarter
$60.5M
Free Cash FlowOCF − Capex
$50.0M
FCF MarginFCF / Revenue
26.1%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSEM
TSEM
WAFD
WAFD
Q4 25
$60.5M
Q3 25
$237.0M
Q2 25
$58.0M
Q1 25
$72.1M
Q4 24
$49.4M
Q3 24
$439.2M
Q2 24
$63.1M
Q1 24
$169.2M
Free Cash Flow
TSEM
TSEM
WAFD
WAFD
Q4 25
$50.0M
Q3 25
$208.2M
Q2 25
$53.1M
Q1 25
$66.6M
Q4 24
$43.0M
Q3 24
$414.6M
Q2 24
$58.3M
Q1 24
$164.8M
FCF Margin
TSEM
TSEM
WAFD
WAFD
Q4 25
26.1%
Q3 25
110.6%
Q2 25
28.5%
Q1 25
37.0%
Q4 24
25.1%
Q3 24
219.7%
Q2 24
30.0%
Q1 24
95.8%
Capex Intensity
TSEM
TSEM
WAFD
WAFD
Q4 25
5.5%
Q3 25
15.2%
Q2 25
2.6%
Q1 25
3.1%
Q4 24
3.8%
Q3 24
13.1%
Q2 24
2.5%
Q1 24
2.6%
Cash Conversion
TSEM
TSEM
WAFD
WAFD
Q4 25
0.94×
Q3 25
3.91×
Q2 25
0.94×
Q1 25
1.28×
Q4 24
1.05×
Q3 24
7.18×
Q2 24
0.98×
Q1 24
10.65×

Financial Flow Comparison

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

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