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Side-by-side financial comparison of PIXELWORKS, INC (PXLW) and TOWER SEMICONDUCTOR LTD (TSEM), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
PIXELWORKS, INC runs the higher net margin — 15.9% vs 15.2%, a 0.7% gap on every dollar of revenue. On growth, TOWER SEMICONDUCTOR LTD posted the faster year-over-year revenue change (-1.7% vs -357.7%).
Pixelworks, Inc. was set up in 1997 and now is based in San Jose, California. Pixelworks provides video and pixel processing semiconductors and software. In addition, the company also provides digital display, projection devices and digital signage.
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).
PXLW vs TSEM — Head-to-Head
Income Statement — Q4 2025 vs Q2 2024
| Metric | | |
|---|---|---|
| Revenue | $-23.4M | $351.2M |
| Net Profit | $-3.7M | $53.4M |
| Gross Margin | — | 24.8% |
| Operating Margin | — | 15.7% |
| Net Margin | 15.9% | 15.2% |
| Revenue YoY | -357.7% | -1.7% |
| Net Profit YoY | 31.9% | 4.4% |
| EPS (diluted) | $-1.87 | $0.48 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $-23.4M | — | ||
| Q3 25 | $8.8M | — | ||
| Q2 25 | $8.3M | — | ||
| Q1 25 | $7.1M | — | ||
| Q4 24 | $9.1M | — | ||
| Q3 24 | $9.5M | — | ||
| Q2 24 | $8.5M | $351.2M | ||
| Q1 24 | $16.1M | — |
| Q4 25 | $-3.7M | — | ||
| Q3 25 | $-4.4M | — | ||
| Q2 25 | $-6.7M | — | ||
| Q1 25 | $-7.8M | — | ||
| Q4 24 | $-5.5M | — | ||
| Q3 24 | $-8.1M | — | ||
| Q2 24 | $-10.1M | $53.4M | ||
| Q1 24 | $-5.1M | — |
| Q4 25 | — | — | ||
| Q3 25 | 49.8% | — | ||
| Q2 25 | 45.8% | — | ||
| Q1 25 | 48.7% | — | ||
| Q4 24 | -184.4% | — | ||
| Q3 24 | 51.2% | — | ||
| Q2 24 | 50.7% | 24.8% | ||
| Q1 24 | 50.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | -64.1% | — | ||
| Q2 25 | -88.5% | — | ||
| Q1 25 | -114.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -90.6% | — | ||
| Q2 24 | -125.9% | 15.7% | ||
| Q1 24 | -34.2% | — |
| Q4 25 | 15.9% | — | ||
| Q3 25 | -50.5% | — | ||
| Q2 25 | -81.3% | — | ||
| Q1 25 | -109.4% | — | ||
| Q4 24 | -60.1% | — | ||
| Q3 24 | -85.5% | — | ||
| Q2 24 | -118.9% | 15.2% | ||
| Q1 24 | -31.6% | — |
| Q4 25 | $-1.87 | — | ||
| Q3 25 | $-0.81 | — | ||
| Q2 25 | $-1.27 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $-2.06 | — | ||
| Q3 24 | $-1.66 | — | ||
| Q2 24 | $-2.09 | $0.48 | ||
| Q1 24 | $-0.09 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.2M | $265.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-21.1M | $2.5B |
| Total Assets | $51.3M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $11.2M | — | ||
| Q3 25 | $14.6M | — | ||
| Q2 25 | $14.3M | — | ||
| Q1 25 | $18.5M | — | ||
| Q4 24 | $5.5M | — | ||
| Q3 24 | $28.8M | — | ||
| Q2 24 | $37.8M | $265.3M | ||
| Q1 24 | $46.2M | — |
| Q4 25 | $-21.1M | — | ||
| Q3 25 | $-23.9M | — | ||
| Q2 25 | $-22.4M | — | ||
| Q1 25 | $-16.0M | — | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-8.0M | — | ||
| Q2 24 | $486.0K | $2.5B | ||
| Q1 24 | $9.4M | — |
| Q4 25 | $51.3M | — | ||
| Q3 25 | $50.5M | — | ||
| Q2 25 | $51.8M | — | ||
| Q1 25 | $58.5M | — | ||
| Q4 24 | $64.1M | — | ||
| Q3 24 | $71.1M | — | ||
| Q2 24 | $81.6M | $3.0B | ||
| Q1 24 | $91.8M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.5M | — |
| Free Cash FlowOCF − Capex | $-6.5M | — |
| FCF MarginFCF / Revenue | 27.8% | — |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | -0.2% | — |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-21.1M | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $-6.5M | — | ||
| Q3 25 | $-2.9M | — | ||
| Q2 25 | $-4.6M | — | ||
| Q1 25 | $-6.7M | — | ||
| Q4 24 | $-5.6M | — | ||
| Q3 24 | $-7.8M | — | ||
| Q2 24 | $-5.6M | — | ||
| Q1 24 | $-815.0K | — |
| Q4 25 | $-6.5M | — | ||
| Q3 25 | $-3.0M | — | ||
| Q2 25 | $-4.8M | — | ||
| Q1 25 | $-6.7M | — | ||
| Q4 24 | $-5.7M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.1M | — | ||
| Q1 24 | $-1.2M | — |
| Q4 25 | 27.8% | — | ||
| Q3 25 | -34.5% | — | ||
| Q2 25 | -57.9% | — | ||
| Q1 25 | -94.9% | — | ||
| Q4 24 | -62.9% | — | ||
| Q3 24 | -90.2% | — | ||
| Q2 24 | -94.4% | — | ||
| Q1 24 | -7.5% | — |
| Q4 25 | -0.2% | — | ||
| Q3 25 | 1.9% | — | ||
| Q2 25 | 2.7% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 8.2% | — | ||
| Q2 24 | 29.1% | — | ||
| Q1 24 | 2.4% | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.