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Side-by-side financial comparison of Diversified Energy Co (DEC) and F5, Inc. (FFIV). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($822.5M vs $666.5M, roughly 1.2× Diversified Energy Co). Diversified Energy Co runs the higher net margin — 29.3% vs 21.9%, a 7.4% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $149.5M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
DEC vs FFIV — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $822.5M |
| Net Profit | $195.5M | $180.1M |
| Gross Margin | — | 81.5% |
| Operating Margin | 37.6% | 26.0% |
| Net Margin | 29.3% | 21.9% |
| Revenue YoY | — | 7.3% |
| Net Profit YoY | — | 8.2% |
| EPS (diluted) | — | $3.10 |
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.
| Q4 25 | $666.5M | $822.5M | ||
| Q3 25 | $499.8M | $810.1M | ||
| Q2 25 | $600.3M | $780.4M | ||
| Q1 25 | — | $731.1M | ||
| Q4 24 | — | $766.5M | ||
| Q3 24 | — | $746.7M | ||
| Q2 24 | — | $695.5M | ||
| Q1 24 | — | $681.4M |
| Q4 25 | $195.5M | $180.1M | ||
| Q3 25 | $171.1M | $190.5M | ||
| Q2 25 | $297.7M | $189.9M | ||
| Q1 25 | — | $145.5M | ||
| Q4 24 | — | $166.4M | ||
| Q3 24 | — | $165.3M | ||
| Q2 24 | — | $144.1M | ||
| Q1 24 | — | $119.0M |
| Q4 25 | — | 81.5% | ||
| Q3 25 | — | 82.2% | ||
| Q2 25 | 44.7% | 81.0% | ||
| Q1 25 | — | 80.7% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.8% | ||
| Q2 24 | — | 80.4% | ||
| Q1 24 | — | 79.3% |
| Q4 25 | 37.6% | 26.0% | ||
| Q3 25 | 36.2% | 25.4% | ||
| Q2 25 | 48.5% | 25.2% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 26.8% | ||
| Q3 24 | — | 25.6% | ||
| Q2 24 | — | 23.4% | ||
| Q1 24 | — | 20.5% |
| Q4 25 | 29.3% | 21.9% | ||
| Q3 25 | 34.2% | 23.5% | ||
| Q2 25 | 49.6% | 24.3% | ||
| Q1 25 | — | 19.9% | ||
| Q4 24 | — | 21.7% | ||
| Q3 24 | — | 22.1% | ||
| Q2 24 | — | 20.7% | ||
| Q1 24 | — | 17.5% |
| Q4 25 | — | $3.10 | ||
| Q3 25 | $2.14 | $3.25 | ||
| Q2 25 | $3.67 | $3.25 | ||
| Q1 25 | — | $2.48 | ||
| Q4 24 | — | $2.82 | ||
| Q3 24 | — | $2.79 | ||
| Q2 24 | — | $2.44 | ||
| Q1 24 | — | $2.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $1.2B |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $984.1M | $3.5B |
| Total Assets | $6.2B | $6.3B |
| Debt / EquityLower = less leverage | 2.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | $1.2B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $23.7M | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $935.6M | ||
| Q1 24 | — | $903.5M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $984.1M | $3.5B | ||
| Q3 25 | — | $3.6B | ||
| Q2 25 | $727.7M | $3.5B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | — | $2.9B |
| Q4 25 | $6.2B | $6.3B | ||
| Q3 25 | — | $6.3B | ||
| Q2 25 | $5.7B | $6.1B | ||
| Q1 25 | — | $5.9B | ||
| Q4 24 | — | $5.9B | ||
| Q3 24 | — | $5.6B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.4B |
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $464.6M | $159.2M |
| Free Cash FlowOCF − Capex | $280.0M | $149.5M |
| FCF MarginFCF / Revenue | 42.0% | 18.2% |
| Capex IntensityCapex / Revenue | 27.7% | 1.2% |
| Cash ConversionOCF / Net Profit | 2.38× | 0.88× |
| TTM Free Cash FlowTrailing 4 quarters | — | $861.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | $159.2M | ||
| Q3 25 | — | $208.1M | ||
| Q2 25 | $264.1M | $282.2M | ||
| Q1 25 | — | $256.6M | ||
| Q4 24 | — | $202.8M | ||
| Q3 24 | — | $246.5M | ||
| Q2 24 | — | $159.0M | ||
| Q1 24 | — | $221.6M |
| Q4 25 | $280.0M | $149.5M | ||
| Q3 25 | — | $191.9M | ||
| Q2 25 | — | $273.7M | ||
| Q1 25 | — | $246.1M | ||
| Q4 24 | — | $194.7M | ||
| Q3 24 | — | $240.4M | ||
| Q2 24 | — | $153.1M | ||
| Q1 24 | — | $212.2M |
| Q4 25 | 42.0% | 18.2% | ||
| Q3 25 | — | 23.7% | ||
| Q2 25 | — | 35.1% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 25.4% | ||
| Q3 24 | — | 32.2% | ||
| Q2 24 | — | 22.0% | ||
| Q1 24 | — | 31.1% |
| Q4 25 | 27.7% | 1.2% | ||
| Q3 25 | — | 2.0% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 2.38× | 0.88× | ||
| Q3 25 | — | 1.09× | ||
| Q2 25 | 0.89× | 1.49× | ||
| Q1 25 | — | 1.76× | ||
| Q4 24 | — | 1.22× | ||
| Q3 24 | — | 1.49× | ||
| Q2 24 | — | 1.10× | ||
| Q1 24 | — | 1.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DEC
Segment breakdown not available.
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
