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

WEX Inc. is the larger business by last-quarter revenue ($652.7M vs $351.2M, roughly 1.9× TOWER SEMICONDUCTOR LTD). TOWER SEMICONDUCTOR LTD runs the higher net margin — 15.2% vs 10.1%, a 5.1% gap on every dollar of revenue. On growth, TOWER SEMICONDUCTOR LTD posted the faster year-over-year revenue change (-1.7% vs -3.1%).

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).

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

TSEM vs WEX — Head-to-Head

Bigger by revenue
WEX
WEX
1.9× larger
WEX
$652.7M
$351.2M
TSEM
Growing faster (revenue YoY)
TSEM
TSEM
+1.4% gap
TSEM
-1.7%
-3.1%
WEX
Higher net margin
TSEM
TSEM
5.1% more per $
TSEM
15.2%
10.1%
WEX

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
TSEM
TSEM
WEX
WEX
Revenue
$351.2M
$652.7M
Net Profit
$53.4M
$65.8M
Gross Margin
24.8%
Operating Margin
15.7%
25.2%
Net Margin
15.2%
10.1%
Revenue YoY
-1.7%
-3.1%
Net Profit YoY
4.4%
-15.3%
EPS (diluted)
$0.48

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
WEX
WEX
Q1 26
$652.7M
Q4 25
$465.1M
Q3 25
$481.6M
Q2 25
$454.4M
Q1 25
$444.3M
Q4 24
$440.3M
Q3 24
$479.0M
Q2 24
$351.2M
$478.6M
Net Profit
TSEM
TSEM
WEX
WEX
Q1 26
$65.8M
Q4 25
$84.2M
Q3 25
$80.3M
Q2 25
$68.1M
Q1 25
$71.5M
Q4 24
$63.9M
Q3 24
$102.9M
Q2 24
$53.4M
$77.0M
Gross Margin
TSEM
TSEM
WEX
WEX
Q1 26
Q4 25
39.0%
Q3 25
43.0%
Q2 25
40.0%
Q1 25
39.2%
Q4 24
41.5%
Q3 24
48.0%
Q2 24
24.8%
44.9%
Operating Margin
TSEM
TSEM
WEX
WEX
Q1 26
25.2%
Q4 25
35.7%
Q3 25
38.1%
Q2 25
34.5%
Q1 25
35.4%
Q4 24
35.7%
Q3 24
41.0%
Q2 24
15.7%
35.1%
Net Margin
TSEM
TSEM
WEX
WEX
Q1 26
10.1%
Q4 25
18.1%
Q3 25
16.7%
Q2 25
15.0%
Q1 25
16.1%
Q4 24
14.5%
Q3 24
21.5%
Q2 24
15.2%
16.1%
EPS (diluted)
TSEM
TSEM
WEX
WEX
Q1 26
Q4 25
$2.38
Q3 25
$2.30
Q2 25
$1.98
Q1 25
$1.81
Q4 24
$1.60
Q3 24
$2.52
Q2 24
$0.48
$1.83

Balance Sheet & Financial Strength

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

Metric
TSEM
TSEM
WEX
WEX
Cash + ST InvestmentsLiquidity on hand
$265.3M
$780.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
Total Assets
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSEM
TSEM
WEX
WEX
Q1 26
$780.0M
Q4 25
$5.2B
Q3 25
$4.9B
Q2 25
$4.9B
Q1 25
$4.4B
Q4 24
$4.4B
Q3 24
$4.3B
Q2 24
$265.3M
$4.0B
Stockholders' Equity
TSEM
TSEM
WEX
WEX
Q1 26
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$978.7M
Q1 25
$810.4M
Q4 24
$1.5B
Q3 24
$1.7B
Q2 24
$2.5B
$1.8B
Total Assets
TSEM
TSEM
WEX
WEX
Q1 26
Q4 25
$14.4B
Q3 25
$14.4B
Q2 25
$14.7B
Q1 25
$14.0B
Q4 24
$13.3B
Q3 24
$14.0B
Q2 24
$3.0B
$14.2B

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
WEX
WEX
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-9.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$818.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSEM
TSEM
WEX
WEX
Q1 26
Q4 25
$294.7M
Q3 25
$376.6M
Q2 25
$264.6M
Q1 25
$-481.6M
Q4 24
$638.4M
Q3 24
$3.3M
Q2 24
$-7.0M
Free Cash Flow
TSEM
TSEM
WEX
WEX
Q1 26
$-9.2M
Q4 25
$256.3M
Q3 25
$341.6M
Q2 25
$230.0M
Q1 25
$-514.2M
Q4 24
$599.7M
Q3 24
$-31.7M
Q2 24
$-46.6M
FCF Margin
TSEM
TSEM
WEX
WEX
Q1 26
-1.4%
Q4 25
55.1%
Q3 25
70.9%
Q2 25
50.6%
Q1 25
-115.7%
Q4 24
136.2%
Q3 24
-6.6%
Q2 24
-9.7%
Capex Intensity
TSEM
TSEM
WEX
WEX
Q1 26
5.2%
Q4 25
8.3%
Q3 25
7.3%
Q2 25
7.6%
Q1 25
7.3%
Q4 24
8.8%
Q3 24
7.3%
Q2 24
8.3%
Cash Conversion
TSEM
TSEM
WEX
WEX
Q1 26
Q4 25
3.50×
Q3 25
4.69×
Q2 25
3.89×
Q1 25
-6.74×
Q4 24
9.99×
Q3 24
0.03×
Q2 24
-0.09×

Financial Flow Comparison

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

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