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Side-by-side financial comparison of Duolingo, Inc. (DUOL) and ROGERS CORP (ROG). Click either name above to swap in a different company.
Duolingo, Inc. is the larger business by last-quarter revenue ($282.9M vs $200.5M, roughly 1.4× ROGERS CORP). Duolingo, Inc. runs the higher net margin — 14.8% vs 2.2%, a 12.6% gap on every dollar of revenue. On growth, Duolingo, Inc. posted the faster year-over-year revenue change (35.0% vs 5.2%). Duolingo, Inc. produced more free cash flow last quarter ($96.6M vs $1.1M). Over the past eight quarters, Duolingo, Inc.'s revenue compounded faster (29.9% CAGR vs -3.3%).
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.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
DUOL vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $200.5M |
| Net Profit | $42.0M | $4.5M |
| Gross Margin | 72.8% | 32.2% |
| Operating Margin | 15.4% | — |
| Net Margin | 14.8% | 2.2% |
| Revenue YoY | 35.0% | 5.2% |
| Net Profit YoY | 201.7% | 421.4% |
| EPS (diluted) | $0.99 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $282.9M | $201.5M | ||
| Q3 25 | $271.7M | $216.0M | ||
| Q2 25 | $252.3M | $202.8M | ||
| Q1 25 | $230.7M | $190.5M | ||
| Q4 24 | $209.6M | $192.2M | ||
| Q3 24 | $192.6M | $210.3M | ||
| Q2 24 | $178.3M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $42.0M | $4.6M | ||
| Q3 25 | $292.2M | $8.6M | ||
| Q2 25 | $44.8M | $-73.6M | ||
| Q1 25 | $35.1M | $-1.4M | ||
| Q4 24 | $13.9M | $-500.0K | ||
| Q3 24 | $23.4M | $10.7M | ||
| Q2 24 | $24.4M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | 72.8% | 31.5% | ||
| Q3 25 | 72.5% | 33.5% | ||
| Q2 25 | 72.4% | 31.6% | ||
| Q1 25 | 71.1% | 29.9% | ||
| Q4 24 | 71.9% | 32.1% | ||
| Q3 24 | 72.9% | 35.2% | ||
| Q2 24 | 73.4% | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | 15.4% | 3.5% | ||
| Q3 25 | 12.9% | 7.3% | ||
| Q2 25 | 13.2% | -33.3% | ||
| Q1 25 | 10.2% | -0.2% | ||
| Q4 24 | 6.6% | -6.6% | ||
| Q3 24 | 7.0% | 6.9% | ||
| Q2 24 | 10.5% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 14.8% | 2.3% | ||
| Q3 25 | 107.5% | 4.0% | ||
| Q2 25 | 17.8% | -36.3% | ||
| Q1 25 | 15.2% | -0.7% | ||
| Q4 24 | 6.6% | -0.3% | ||
| Q3 24 | 12.1% | 5.1% | ||
| Q2 24 | 13.7% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.99 | $0.20 | ||
| Q3 25 | $5.95 | $0.48 | ||
| Q2 25 | $0.91 | $-4.00 | ||
| Q1 25 | $0.72 | $-0.08 | ||
| Q4 24 | $0.31 | $-0.04 | ||
| Q3 24 | $0.49 | $0.58 | ||
| Q2 24 | $0.51 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $1.2B |
| Total Assets | $2.0B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $1.0B | $197.0M | ||
| Q3 25 | $1.0B | $167.8M | ||
| Q2 25 | $976.2M | $157.2M | ||
| Q1 25 | $884.0M | $175.6M | ||
| Q4 24 | $785.8M | $159.8M | ||
| Q3 24 | $854.4M | $146.4M | ||
| Q2 24 | $888.2M | $119.9M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.2B | ||
| Q2 25 | $977.0M | $1.2B | ||
| Q1 25 | $893.8M | $1.3B | ||
| Q4 24 | $824.5M | $1.3B | ||
| Q3 24 | $822.5M | $1.3B | ||
| Q2 24 | $766.9M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $1.9B | $1.4B | ||
| Q2 25 | $1.5B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.3B | $1.5B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $1.1B | $1.5B |
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 | $107.3M | $5.8M |
| Free Cash FlowOCF − Capex | $96.6M | $1.1M |
| FCF MarginFCF / Revenue | 34.1% | 0.5% |
| Capex IntensityCapex / Revenue | 3.8% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.56× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $369.7M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $107.3M | $46.9M | ||
| Q3 25 | $84.2M | $28.9M | ||
| Q2 25 | $90.7M | $13.7M | ||
| Q1 25 | $105.6M | $11.7M | ||
| Q4 24 | $83.3M | $33.7M | ||
| Q3 24 | $56.3M | $42.4M | ||
| Q2 24 | $62.4M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $96.6M | $42.2M | ||
| Q3 25 | $79.4M | $21.2M | ||
| Q2 25 | $89.5M | $5.6M | ||
| Q1 25 | $104.3M | $2.1M | ||
| Q4 24 | $81.4M | $18.3M | ||
| Q3 24 | $53.1M | $25.2M | ||
| Q2 24 | $56.8M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 34.1% | 20.9% | ||
| Q3 25 | 29.2% | 9.8% | ||
| Q2 25 | 35.5% | 2.8% | ||
| Q1 25 | 45.2% | 1.1% | ||
| Q4 24 | 38.8% | 9.5% | ||
| Q3 24 | 27.6% | 12.0% | ||
| Q2 24 | 31.9% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 3.8% | 2.3% | ||
| Q3 25 | 1.8% | 3.6% | ||
| Q2 25 | 0.5% | 4.0% | ||
| Q1 25 | 0.6% | 5.0% | ||
| Q4 24 | 0.9% | 8.0% | ||
| Q3 24 | 1.7% | 8.2% | ||
| Q2 24 | 3.1% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 2.56× | 10.20× | ||
| Q3 25 | 0.29× | 3.36× | ||
| Q2 25 | 2.02× | — | ||
| Q1 25 | 3.01× | — | ||
| Q4 24 | 5.99× | — | ||
| Q3 24 | 2.41× | 3.96× | ||
| Q2 24 | 2.56× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DUOL
| License And Service | $242.3M | 86% |
| Advertising | $20.2M | 7% |
| English Test | $10.3M | 4% |
| Other | $10.1M | 4% |
ROG
Segment breakdown not available.
