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Side-by-side financial comparison of Allstate (ALL) and ILLUMINA, INC. (ILMN). Click either name above to swap in a different company.

ILLUMINA, INC. is the larger business by last-quarter revenue ($1.1B vs $922.0M, roughly 1.2× Allstate). Allstate runs the higher net margin — 266.6% vs 12.3%, a 254.3% gap on every dollar of revenue. On growth, Allstate posted the faster year-over-year revenue change (7.2% vs 4.8%). Over the past eight quarters, ILLUMINA, INC.'s revenue compounded faster (-1.3% CAGR vs -75.8%).

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...

Illumina, Inc. is an American biotechnology company, headquartered in San Diego, California. Incorporated on April 1, 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serves the sequencing, genotyping and gene expression, and proteomics markets, and serves more than 155 countries.

ALL vs ILMN — Head-to-Head

Bigger by revenue
ILMN
ILMN
1.2× larger
ILMN
$1.1B
$922.0M
ALL
Growing faster (revenue YoY)
ALL
ALL
+2.4% gap
ALL
7.2%
4.8%
ILMN
Higher net margin
ALL
ALL
254.3% more per $
ALL
266.6%
12.3%
ILMN
Faster 2-yr revenue CAGR
ILMN
ILMN
Annualised
ILMN
-1.3%
-75.8%
ALL

Income Statement — Q1 FY2026 vs Q1 FY2027

Metric
ALL
ALL
ILMN
ILMN
Revenue
$922.0M
$1.1B
Net Profit
$2.5B
$134.0M
Gross Margin
66.1%
Operating Margin
-1400.3%
19.2%
Net Margin
266.6%
12.3%
Revenue YoY
7.2%
4.8%
Net Profit YoY
EPS (diluted)
$9.25
$0.87

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
ALL
ALL
ILMN
ILMN
Q1 26
$922.0M
$1.1B
Q4 25
$17.3B
$1.2B
Q3 25
$17.3B
Q2 25
$16.6B
Q1 25
$16.5B
Q4 24
$16.5B
$1.1B
Q3 24
$16.6B
$1.1B
Q2 24
$15.7B
$1.1B
Net Profit
ALL
ALL
ILMN
ILMN
Q1 26
$2.5B
$134.0M
Q4 25
$3.8B
$334.0M
Q3 25
$3.7B
Q2 25
$2.1B
Q1 25
$595.0M
Q4 24
$1.9B
$186.0M
Q3 24
$1.2B
$705.0M
Q2 24
$331.0M
$-2.0B
Gross Margin
ALL
ALL
ILMN
ILMN
Q1 26
66.1%
Q4 25
65.5%
Q3 25
Q2 25
Q1 25
Q4 24
65.9%
Q3 24
69.0%
Q2 24
64.8%
Operating Margin
ALL
ALL
ILMN
ILMN
Q1 26
-1400.3%
19.2%
Q4 25
17.4%
Q3 25
Q2 25
Q1 25
Q4 24
15.8%
Q3 24
68.6%
Q2 24
-147.2%
Net Margin
ALL
ALL
ILMN
ILMN
Q1 26
266.6%
12.3%
Q4 25
22.1%
28.8%
Q3 25
21.7%
Q2 25
12.7%
Q1 25
3.6%
Q4 24
11.7%
16.8%
Q3 24
7.2%
65.3%
Q2 24
2.1%
-178.8%
EPS (diluted)
ALL
ALL
ILMN
ILMN
Q1 26
$9.25
$0.87
Q4 25
$14.24
$2.16
Q3 25
$13.95
Q2 25
$7.76
Q1 25
$2.11
Q4 24
$7.07
$1.16
Q3 24
$4.33
$4.42
Q2 24
$1.13
$-12.48

Balance Sheet & Financial Strength

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

Metric
ALL
ALL
ILMN
ILMN
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6B
$2.7B
Total Assets
$124.0B
$6.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALL
ALL
ILMN
ILMN
Q1 26
$1.2B
Q4 25
$4.9B
$1.6B
Q3 25
$8.7B
Q2 25
$9.6B
Q1 25
$6.5B
Q4 24
$4.5B
$93.0M
Q3 24
$7.0B
$70.0M
Q2 24
$5.3B
$74.0M
Total Debt
ALL
ALL
ILMN
ILMN
Q1 26
Q4 25
$7.5B
Q3 25
$8.1B
Q2 25
$8.1B
Q1 25
$8.1B
Q4 24
$8.1B
Q3 24
$8.1B
Q2 24
$8.1B
Stockholders' Equity
ALL
ALL
ILMN
ILMN
Q1 26
$31.6B
$2.7B
Q4 25
$30.6B
$2.7B
Q3 25
$27.5B
Q2 25
$24.0B
Q1 25
$22.1B
Q4 24
$21.4B
$2.4B
Q3 24
$20.9B
$2.1B
Q2 24
$18.6B
$1.4B
Total Assets
ALL
ALL
ILMN
ILMN
Q1 26
$124.0B
$6.6B
Q4 25
$119.8B
$6.6B
Q3 25
$120.4B
Q2 25
$115.9B
Q1 25
$115.2B
Q4 24
$111.6B
$6.3B
Q3 24
$113.7B
$6.0B
Q2 24
$108.4B
$6.1B
Debt / Equity
ALL
ALL
ILMN
ILMN
Q1 26
Q4 25
0.24×
Q3 25
0.29×
Q2 25
0.34×
Q1 25
0.37×
Q4 24
0.38×
Q3 24
0.39×
Q2 24
0.43×

Cash Flow & Capital Efficiency

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

Metric
ALL
ALL
ILMN
ILMN
Operating Cash FlowLast quarter
$289.0M
Free Cash FlowOCF − Capex
$251.0M
FCF MarginFCF / Revenue
23.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.16×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALL
ALL
ILMN
ILMN
Q1 26
$289.0M
Q4 25
$3.0B
$321.0M
Q3 25
$3.3B
Q2 25
$1.9B
Q1 25
$2.0B
Q4 24
$1.7B
$364.0M
Q3 24
$3.2B
$316.0M
Q2 24
$2.4B
$80.0M
Free Cash Flow
ALL
ALL
ILMN
ILMN
Q1 26
$251.0M
Q4 25
$2.9B
$267.0M
Q3 25
$3.2B
Q2 25
$1.9B
Q1 25
$1.9B
Q4 24
$1.7B
$335.0M
Q3 24
$3.1B
$284.0M
Q2 24
$2.3B
$49.0M
FCF Margin
ALL
ALL
ILMN
ILMN
Q1 26
23.0%
Q4 25
16.7%
23.0%
Q3 25
18.8%
Q2 25
11.3%
Q1 25
11.4%
Q4 24
10.0%
30.3%
Q3 24
18.9%
26.3%
Q2 24
14.7%
4.4%
Capex Intensity
ALL
ALL
ILMN
ILMN
Q1 26
Q4 25
0.5%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
0.6%
Q4 24
0.3%
2.6%
Q3 24
0.4%
3.0%
Q2 24
0.4%
2.8%
Cash Conversion
ALL
ALL
ILMN
ILMN
Q1 26
2.16×
Q4 25
0.78×
0.96×
Q3 25
0.88×
Q2 25
0.89×
Q1 25
3.30×
Q4 24
0.88×
1.96×
Q3 24
2.69×
0.45×
Q2 24
7.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALL
ALL

Segment breakdown not available.

ILMN
ILMN

Product revenue$917.0M84%
Service and other revenue$174.0M16%

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