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Side-by-side financial comparison of F5, Inc. (FFIV) and GENESIS ENERGY LP (GEL). Click either name above to swap in a different company.

F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $440.8M, roughly 1.8× GENESIS ENERGY LP). F5, Inc. runs the higher net margin — 18.2% vs 4.5%, a 13.7% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 10.5%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 0.7%).

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.

Genesis Energy LP is a U.S.-based midstream energy limited partnership that operates critical infrastructure for crude oil, natural gas, refined petroleum products, and specialty industrial materials. Its core assets include pipelines, storage terminals, marine facilities, and rail logistics hubs, serving refineries, industrial clients, and energy distributors across North America.

FFIV vs GEL — Head-to-Head

Bigger by revenue
FFIV
FFIV
1.8× larger
FFIV
$811.7M
$440.8M
GEL
Growing faster (revenue YoY)
FFIV
FFIV
+0.5% gap
FFIV
11.0%
10.5%
GEL
Higher net margin
FFIV
FFIV
13.7% more per $
FFIV
18.2%
4.5%
GEL
Faster 2-yr revenue CAGR
FFIV
FFIV
Annualised
FFIV
8.0%
0.7%
GEL

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FFIV
FFIV
GEL
GEL
Revenue
$811.7M
$440.8M
Net Profit
$148.0M
$19.9M
Gross Margin
81.4%
Operating Margin
22.1%
20.4%
Net Margin
18.2%
4.5%
Revenue YoY
11.0%
10.5%
Net Profit YoY
1.5%
140.2%
EPS (diluted)
$2.58
$0.04

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
FFIV
FFIV
GEL
GEL
Q1 26
$811.7M
Q4 25
$822.5M
$440.8M
Q3 25
$810.1M
$414.0M
Q2 25
$780.4M
$377.3M
Q1 25
$731.1M
$398.3M
Q4 24
$766.5M
$398.9M
Q3 24
$746.7M
$397.3M
Q2 24
$695.5M
$430.2M
Net Profit
FFIV
FFIV
GEL
GEL
Q1 26
$148.0M
Q4 25
$180.1M
$19.9M
Q3 25
$190.5M
$9.2M
Q2 25
$189.9M
$-406.0K
Q1 25
$145.5M
$-469.1M
Q4 24
$166.4M
$-49.4M
Q3 24
$165.3M
$-17.2M
Q2 24
$144.1M
$-8.7M
Gross Margin
FFIV
FFIV
GEL
GEL
Q1 26
81.4%
Q4 25
81.5%
Q3 25
82.2%
Q2 25
81.0%
Q1 25
80.7%
Q4 24
81.7%
Q3 24
80.8%
Q2 24
80.4%
Operating Margin
FFIV
FFIV
GEL
GEL
Q1 26
22.1%
Q4 25
26.0%
20.4%
Q3 25
25.4%
19.0%
Q2 25
25.2%
17.9%
Q1 25
21.7%
5.5%
Q4 24
26.8%
3.4%
Q3 24
25.6%
12.2%
Q2 24
23.4%
11.6%
Net Margin
FFIV
FFIV
GEL
GEL
Q1 26
18.2%
Q4 25
21.9%
4.5%
Q3 25
23.5%
2.2%
Q2 25
24.3%
-0.1%
Q1 25
19.9%
-117.8%
Q4 24
21.7%
-12.4%
Q3 24
22.1%
-4.3%
Q2 24
20.7%
-2.0%
EPS (diluted)
FFIV
FFIV
GEL
GEL
Q1 26
$2.58
Q4 25
$3.10
$0.04
Q3 25
$3.25
$-0.05
Q2 25
$3.25
$-0.12
Q1 25
$2.48
$-4.06
Q4 24
$2.82
$-0.58
Q3 24
$2.79
$-0.32
Q2 24
$2.44
$-0.25

Balance Sheet & Financial Strength

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

Metric
FFIV
FFIV
GEL
GEL
Cash + ST InvestmentsLiquidity on hand
$1.4B
$6.4M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$3.6B
Total Assets
$6.5B
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFIV
FFIV
GEL
GEL
Q1 26
$1.4B
Q4 25
$1.2B
$6.4M
Q3 25
$1.3B
$4.9M
Q2 25
$1.4B
$4.5M
Q1 25
$1.3B
$377.4M
Q4 24
$1.2B
$7.4M
Q3 24
$1.1B
$13.0M
Q2 24
$935.6M
$13.7M
Total Debt
FFIV
FFIV
GEL
GEL
Q1 26
Q4 25
$3.0B
Q3 25
$3.1B
Q2 25
$3.1B
Q1 25
$3.4B
Q4 24
$3.7B
Q3 24
$4.0B
Q2 24
$3.9B
Stockholders' Equity
FFIV
FFIV
GEL
GEL
Q1 26
$3.6B
Q4 25
$3.5B
Q3 25
$3.6B
Q2 25
$3.5B
Q1 25
$3.3B
Q4 24
$3.2B
Q3 24
$3.1B
Q2 24
$3.0B
Total Assets
FFIV
FFIV
GEL
GEL
Q1 26
$6.5B
Q4 25
$6.3B
$4.9B
Q3 25
$6.3B
$4.9B
Q2 25
$6.1B
$4.8B
Q1 25
$5.9B
$5.2B
Q4 24
$5.9B
$7.0B
Q3 24
$5.6B
$7.1B
Q2 24
$5.4B
$7.0B

Cash Flow & Capital Efficiency

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

Metric
FFIV
FFIV
GEL
GEL
Operating Cash FlowLast quarter
$525.1M
$110.8M
Free Cash FlowOCF − Capex
$87.0M
FCF MarginFCF / Revenue
19.7%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
3.55×
5.58×
TTM Free Cash FlowTrailing 4 quarters
$65.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFIV
FFIV
GEL
GEL
Q1 26
$525.1M
Q4 25
$159.2M
$110.8M
Q3 25
$208.1M
$70.3M
Q2 25
$282.2M
$47.0M
Q1 25
$256.6M
$24.8M
Q4 24
$202.8M
$74.0M
Q3 24
$246.5M
$87.3M
Q2 24
$159.0M
$104.7M
Free Cash Flow
FFIV
FFIV
GEL
GEL
Q1 26
Q4 25
$149.5M
$87.0M
Q3 25
$191.9M
$43.3M
Q2 25
$273.7M
$-7.6M
Q1 25
$246.1M
$-56.8M
Q4 24
$194.7M
$-47.1M
Q3 24
$240.4M
$-32.3M
Q2 24
$153.1M
$-67.5M
FCF Margin
FFIV
FFIV
GEL
GEL
Q1 26
Q4 25
18.2%
19.7%
Q3 25
23.7%
10.5%
Q2 25
35.1%
-2.0%
Q1 25
33.7%
-14.3%
Q4 24
25.4%
-11.8%
Q3 24
32.2%
-8.1%
Q2 24
22.0%
-15.7%
Capex Intensity
FFIV
FFIV
GEL
GEL
Q1 26
Q4 25
1.2%
5.4%
Q3 25
2.0%
6.5%
Q2 25
1.1%
14.5%
Q1 25
1.4%
20.5%
Q4 24
1.1%
30.3%
Q3 24
0.8%
30.1%
Q2 24
0.8%
40.0%
Cash Conversion
FFIV
FFIV
GEL
GEL
Q1 26
3.55×
Q4 25
0.88×
5.58×
Q3 25
1.09×
7.63×
Q2 25
1.49×
Q1 25
1.76×
Q4 24
1.22×
Q3 24
1.49×
Q2 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFIV
FFIV

Segment breakdown not available.

GEL
GEL

Onshore Facilities And Transportation Revenue$204.2M46%
Offshore Pipeline Transportation Revenue$154.3M35%
Marine Transportation Revenue$82.2M19%

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