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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.

Duolingo, Inc. is the larger business by last-quarter revenue ($282.9M vs $151.1M, roughly 1.9× STURM RUGER & CO INC). On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 3.6%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $12.3M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs 5.1%).

Duolingo, Inc. is a leading global edtech firm operating a gamified language learning platform. It offers free and premium self-paced courses for over 40 languages, plus language certification, math learning tools, and literacy programs, serving individual learners, schools and corporate clients worldwide.

Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

DUOL vs RGR — Head-to-Head

Bigger by revenue
DUOL
DUOL
1.9× larger
DUOL
$282.9M
$151.1M
RGR
Growing faster (revenue YoY)
DUOL
DUOL
+31.4% gap
DUOL
35.0%
3.6%
RGR
More free cash flow
DUOL
DUOL
$84.2M more FCF
DUOL
$96.6M
$12.3M
RGR
Faster 2-yr revenue CAGR
DUOL
DUOL
Annualised
DUOL
29.9%
5.1%
RGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DUOL
DUOL
RGR
RGR
Revenue
$282.9M
$151.1M
Net Profit
$42.0M
Gross Margin
72.8%
17.8%
Operating Margin
15.4%
2.3%
Net Margin
14.8%
Revenue YoY
35.0%
3.6%
Net Profit YoY
201.7%
EPS (diluted)
$0.99
$0.22

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
DUOL
DUOL
RGR
RGR
Q4 25
$282.9M
$151.1M
Q3 25
$271.7M
$126.8M
Q2 25
$252.3M
$132.5M
Q1 25
$230.7M
$135.7M
Q4 24
$209.6M
$145.8M
Q3 24
$192.6M
$122.3M
Q2 24
$178.3M
$130.8M
Q1 24
$167.6M
$136.8M
Net Profit
DUOL
DUOL
RGR
RGR
Q4 25
$42.0M
Q3 25
$292.2M
$1.6M
Q2 25
$44.8M
$-17.2M
Q1 25
$35.1M
$7.8M
Q4 24
$13.9M
Q3 24
$23.4M
$4.7M
Q2 24
$24.4M
$8.3M
Q1 24
$27.0M
$7.1M
Gross Margin
DUOL
DUOL
RGR
RGR
Q4 25
72.8%
17.8%
Q3 25
72.5%
15.1%
Q2 25
72.4%
3.9%
Q1 25
71.1%
22.0%
Q4 24
71.9%
22.8%
Q3 24
72.9%
18.5%
Q2 24
73.4%
22.3%
Q1 24
73.0%
21.5%
Operating Margin
DUOL
DUOL
RGR
RGR
Q4 25
15.4%
2.3%
Q3 25
12.9%
-2.7%
Q2 25
13.2%
-15.6%
Q1 25
10.2%
6.2%
Q4 24
6.6%
7.8%
Q3 24
7.0%
3.1%
Q2 24
10.5%
6.9%
Q1 24
9.8%
5.5%
Net Margin
DUOL
DUOL
RGR
RGR
Q4 25
14.8%
Q3 25
107.5%
1.2%
Q2 25
17.8%
-13.0%
Q1 25
15.2%
5.7%
Q4 24
6.6%
Q3 24
12.1%
3.9%
Q2 24
13.7%
6.3%
Q1 24
16.1%
5.2%
EPS (diluted)
DUOL
DUOL
RGR
RGR
Q4 25
$0.99
$0.22
Q3 25
$5.95
$0.10
Q2 25
$0.91
$-1.05
Q1 25
$0.72
$0.46
Q4 24
$0.31
$0.62
Q3 24
$0.49
$0.28
Q2 24
$0.51
$0.47
Q1 24
$0.57
$0.40

Balance Sheet & Financial Strength

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

Metric
DUOL
DUOL
RGR
RGR
Cash + ST InvestmentsLiquidity on hand
$1.0B
$92.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$283.8M
Total Assets
$2.0B
$342.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DUOL
DUOL
RGR
RGR
Q4 25
$1.0B
$92.5M
Q3 25
$1.0B
$80.8M
Q2 25
$976.2M
$101.4M
Q1 25
$884.0M
$108.3M
Q4 24
$785.8M
$105.5M
Q3 24
$854.4M
$96.0M
Q2 24
$888.2M
$105.6M
Q1 24
$829.7M
$115.3M
Stockholders' Equity
DUOL
DUOL
RGR
RGR
Q4 25
$1.3B
$283.8M
Q3 25
$1.3B
$279.6M
Q2 25
$977.0M
$289.3M
Q1 25
$893.8M
$321.5M
Q4 24
$824.5M
$319.6M
Q3 24
$822.5M
$314.9M
Q2 24
$766.9M
$321.5M
Q1 24
$711.1M
$332.0M
Total Assets
DUOL
DUOL
RGR
RGR
Q4 25
$2.0B
$342.0M
Q3 25
$1.9B
$342.3M
Q2 25
$1.5B
$349.5M
Q1 25
$1.4B
$379.0M
Q4 24
$1.3B
$384.0M
Q3 24
$1.2B
$373.5M
Q2 24
$1.1B
$376.7M
Q1 24
$1.1B
$385.0M

Cash Flow & Capital Efficiency

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

Metric
DUOL
DUOL
RGR
RGR
Operating Cash FlowLast quarter
$107.3M
$15.5M
Free Cash FlowOCF − Capex
$96.6M
$12.3M
FCF MarginFCF / Revenue
34.1%
8.2%
Capex IntensityCapex / Revenue
3.8%
2.1%
Cash ConversionOCF / Net Profit
2.56×
TTM Free Cash FlowTrailing 4 quarters
$369.7M
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DUOL
DUOL
RGR
RGR
Q4 25
$107.3M
$15.5M
Q3 25
$84.2M
$12.9M
Q2 25
$90.7M
$14.7M
Q1 25
$105.6M
$11.1M
Q4 24
$83.3M
$20.0M
Q3 24
$56.3M
$9.4M
Q2 24
$62.4M
$18.7M
Q1 24
$83.5M
$7.3M
Free Cash Flow
DUOL
DUOL
RGR
RGR
Q4 25
$96.6M
$12.3M
Q3 25
$79.4M
$7.0M
Q2 25
$89.5M
$9.1M
Q1 25
$104.3M
$10.0M
Q4 24
$81.4M
$16.4M
Q3 24
$53.1M
$2.6M
Q2 24
$56.8M
$10.1M
Q1 24
$82.1M
$5.6M
FCF Margin
DUOL
DUOL
RGR
RGR
Q4 25
34.1%
8.2%
Q3 25
29.2%
5.5%
Q2 25
35.5%
6.9%
Q1 25
45.2%
7.4%
Q4 24
38.8%
11.2%
Q3 24
27.6%
2.1%
Q2 24
31.9%
7.7%
Q1 24
49.0%
4.1%
Capex Intensity
DUOL
DUOL
RGR
RGR
Q4 25
3.8%
2.1%
Q3 25
1.8%
4.6%
Q2 25
0.5%
4.2%
Q1 25
0.6%
0.8%
Q4 24
0.9%
2.5%
Q3 24
1.7%
5.5%
Q2 24
3.1%
6.6%
Q1 24
0.8%
1.3%
Cash Conversion
DUOL
DUOL
RGR
RGR
Q4 25
2.56×
Q3 25
0.29×
8.15×
Q2 25
2.02×
Q1 25
3.01×
1.43×
Q4 24
5.99×
Q3 24
2.41×
1.98×
Q2 24
2.56×
2.27×
Q1 24
3.10×
1.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DUOL
DUOL

License And Service$242.3M86%
Advertising$20.2M7%
English Test$10.3M4%
Other$10.1M4%

RGR
RGR

Firearms$150.6M100%
Castings$7.3M5%

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