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Side-by-side financial comparison of F5, Inc. (FFIV) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $811.7M, roughly 1.4× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 9.9%, a 8.3% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 11.0%). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 8.0%).
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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
FFIV vs FN — Head-to-Head
Income Statement — Q2 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $1.1B |
| Net Profit | $148.0M | $112.6M |
| Gross Margin | 81.4% | 12.2% |
| Operating Margin | 22.1% | 10.1% |
| Net Margin | 18.2% | 9.9% |
| Revenue YoY | 11.0% | 35.9% |
| Net Profit YoY | 1.5% | 30.0% |
| EPS (diluted) | $2.58 | $3.11 |
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 | $811.7M | — | ||
| Q4 25 | $822.5M | $1.1B | ||
| Q3 25 | $810.1M | $978.1M | ||
| Q2 25 | $780.4M | $909.7M | ||
| Q1 25 | $731.1M | $871.8M | ||
| Q4 24 | $766.5M | $833.6M | ||
| Q3 24 | $746.7M | $804.2M | ||
| Q2 24 | $695.5M | $753.3M |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $112.6M | ||
| Q3 25 | $190.5M | $95.9M | ||
| Q2 25 | $189.9M | $87.2M | ||
| Q1 25 | $145.5M | $81.3M | ||
| Q4 24 | $166.4M | $86.6M | ||
| Q3 24 | $165.3M | $77.4M | ||
| Q2 24 | $144.1M | $81.1M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 12.2% | ||
| Q3 25 | 82.2% | 11.9% | ||
| Q2 25 | 81.0% | 12.2% | ||
| Q1 25 | 80.7% | 11.7% | ||
| Q4 24 | 81.7% | 12.1% | ||
| Q3 24 | 80.8% | 12.3% | ||
| Q2 24 | 80.4% | 12.3% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 10.1% | ||
| Q3 25 | 25.4% | 9.6% | ||
| Q2 25 | 25.2% | 9.8% | ||
| Q1 25 | 21.7% | 9.0% | ||
| Q4 24 | 26.8% | 9.5% | ||
| Q3 24 | 25.6% | 9.6% | ||
| Q2 24 | 23.4% | 9.7% |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | 9.9% | ||
| Q3 25 | 23.5% | 9.8% | ||
| Q2 25 | 24.3% | 9.6% | ||
| Q1 25 | 19.9% | 9.3% | ||
| Q4 24 | 21.7% | 10.4% | ||
| Q3 24 | 22.1% | 9.6% | ||
| Q2 24 | 20.7% | 10.8% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $3.11 | ||
| Q3 25 | $3.25 | $2.66 | ||
| Q2 25 | $3.25 | $2.41 | ||
| Q1 25 | $2.48 | $2.25 | ||
| Q4 24 | $2.82 | $2.38 | ||
| Q3 24 | $2.79 | $2.13 | ||
| Q2 24 | $2.44 | $2.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.4B | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $2.2B |
| Total Assets | $6.5B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $960.8M | ||
| Q3 25 | $1.3B | $968.8M | ||
| Q2 25 | $1.4B | $934.2M | ||
| Q1 25 | $1.3B | $950.7M | ||
| Q4 24 | $1.2B | $934.6M | ||
| Q3 24 | $1.1B | $908.9M | ||
| Q2 24 | $935.6M | $858.6M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $2.2B | ||
| Q3 25 | $3.6B | $2.1B | ||
| Q2 25 | $3.5B | $2.0B | ||
| Q1 25 | $3.3B | $1.9B | ||
| Q4 24 | $3.2B | $1.8B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.0B | $1.7B |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $3.3B | ||
| Q3 25 | $6.3B | $3.0B | ||
| Q2 25 | $6.1B | $2.8B | ||
| Q1 25 | $5.9B | $2.6B | ||
| Q4 24 | $5.9B | $2.5B | ||
| Q3 24 | $5.6B | $2.4B | ||
| Q2 24 | $5.4B | $2.3B |
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 | $525.1M | $46.3M |
| Free Cash FlowOCF − Capex | — | $-5.3M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | — | 4.6% |
| Cash ConversionOCF / Net Profit | 3.55× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | — | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $46.3M | ||
| Q3 25 | $208.1M | $102.6M | ||
| Q2 25 | $282.2M | $55.1M | ||
| Q1 25 | $256.6M | $74.2M | ||
| Q4 24 | $202.8M | $115.9M | ||
| Q3 24 | $246.5M | $83.2M | ||
| Q2 24 | $159.0M | $83.1M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $-5.3M | ||
| Q3 25 | $191.9M | $57.3M | ||
| Q2 25 | $273.7M | $4.7M | ||
| Q1 25 | $246.1M | $45.7M | ||
| Q4 24 | $194.7M | $94.0M | ||
| Q3 24 | $240.4M | $62.9M | ||
| Q2 24 | $153.1M | $70.4M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | -0.5% | ||
| Q3 25 | 23.7% | 5.9% | ||
| Q2 25 | 35.1% | 0.5% | ||
| Q1 25 | 33.7% | 5.2% | ||
| Q4 24 | 25.4% | 11.3% | ||
| Q3 24 | 32.2% | 7.8% | ||
| Q2 24 | 22.0% | 9.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 4.6% | ||
| Q3 25 | 2.0% | 4.6% | ||
| Q2 25 | 1.1% | 5.5% | ||
| Q1 25 | 1.4% | 3.3% | ||
| Q4 24 | 1.1% | 2.6% | ||
| Q3 24 | 0.8% | 2.5% | ||
| Q2 24 | 0.8% | 1.7% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 0.41× | ||
| Q3 25 | 1.09× | 1.07× | ||
| Q2 25 | 1.49× | 0.63× | ||
| Q1 25 | 1.76× | 0.91× | ||
| Q4 24 | 1.22× | 1.34× | ||
| Q3 24 | 1.49× | 1.07× | ||
| Q2 24 | 1.10× | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
Segment breakdown not available.
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
