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Side-by-side financial comparison of F5, Inc. (FFIV) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $822.5M, roughly 1.1× F5, Inc.). F5, Inc. runs the higher net margin — 21.9% vs 2.0%, a 19.9% gap on every dollar of revenue. On growth, LCI INDUSTRIES posted the faster year-over-year revenue change (16.1% vs 7.3%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $64.3M). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
FFIV vs LCII — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $932.7M |
| Net Profit | $180.1M | $18.7M |
| Gross Margin | 81.5% | 22.1% |
| Operating Margin | 26.0% | 3.8% |
| Net Margin | 21.9% | 2.0% |
| Revenue YoY | 7.3% | 16.1% |
| Net Profit YoY | 8.2% | 95.7% |
| EPS (diluted) | $3.10 | $0.79 |
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 | $822.5M | $932.7M | ||
| Q3 25 | $810.1M | $1.0B | ||
| Q2 25 | $780.4M | $1.1B | ||
| Q1 25 | $731.1M | $1.0B | ||
| Q4 24 | $766.5M | $803.1M | ||
| Q3 24 | $746.7M | $915.5M | ||
| Q2 24 | $695.5M | $1.1B | ||
| Q1 24 | $681.4M | $968.0M |
| Q4 25 | $180.1M | $18.7M | ||
| Q3 25 | $190.5M | $62.5M | ||
| Q2 25 | $189.9M | $57.6M | ||
| Q1 25 | $145.5M | $49.4M | ||
| Q4 24 | $166.4M | $9.5M | ||
| Q3 24 | $165.3M | $35.6M | ||
| Q2 24 | $144.1M | $61.2M | ||
| Q1 24 | $119.0M | $36.5M |
| Q4 25 | 81.5% | 22.1% | ||
| Q3 25 | 82.2% | 24.4% | ||
| Q2 25 | 81.0% | 24.4% | ||
| Q1 25 | 80.7% | 24.1% | ||
| Q4 24 | 81.7% | 21.1% | ||
| Q3 24 | 80.8% | 24.0% | ||
| Q2 24 | 80.4% | 25.3% | ||
| Q1 24 | 79.3% | 23.1% |
| Q4 25 | 26.0% | 3.8% | ||
| Q3 25 | 25.4% | 7.3% | ||
| Q2 25 | 25.2% | 7.9% | ||
| Q1 25 | 21.7% | 7.8% | ||
| Q4 24 | 26.8% | 2.0% | ||
| Q3 24 | 25.6% | 5.9% | ||
| Q2 24 | 23.4% | 8.6% | ||
| Q1 24 | 20.5% | 6.0% |
| Q4 25 | 21.9% | 2.0% | ||
| Q3 25 | 23.5% | 6.0% | ||
| Q2 25 | 24.3% | 5.2% | ||
| Q1 25 | 19.9% | 4.7% | ||
| Q4 24 | 21.7% | 1.2% | ||
| Q3 24 | 22.1% | 3.9% | ||
| Q2 24 | 20.7% | 5.8% | ||
| Q1 24 | 17.5% | 3.8% |
| Q4 25 | $3.10 | $0.79 | ||
| Q3 25 | $3.25 | $2.55 | ||
| Q2 25 | $3.25 | $2.29 | ||
| Q1 25 | $2.48 | $1.94 | ||
| Q4 24 | $2.82 | $0.37 | ||
| Q3 24 | $2.79 | $1.39 | ||
| Q2 24 | $2.44 | $2.40 | ||
| Q1 24 | $2.00 | $1.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | $222.6M |
| Total DebtLower is stronger | — | $945.2M |
| Stockholders' EquityBook value | $3.5B | $1.4B |
| Total Assets | $6.3B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $222.6M | ||
| Q3 25 | $1.3B | $199.7M | ||
| Q2 25 | $1.4B | $191.9M | ||
| Q1 25 | $1.3B | $231.2M | ||
| Q4 24 | $1.2B | $165.8M | ||
| Q3 24 | $1.1B | $161.2M | ||
| Q2 24 | $935.6M | $130.4M | ||
| Q1 24 | $903.5M | $22.6M |
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.6B | $1.4B | ||
| Q2 25 | $3.5B | $1.4B | ||
| Q1 25 | $3.3B | $1.4B | ||
| Q4 24 | $3.2B | $1.4B | ||
| Q3 24 | $3.1B | $1.4B | ||
| Q2 24 | $3.0B | $1.4B | ||
| Q1 24 | $2.9B | $1.4B |
| Q4 25 | $6.3B | $3.2B | ||
| Q3 25 | $6.3B | $3.2B | ||
| Q2 25 | $6.1B | $3.2B | ||
| Q1 25 | $5.9B | $3.1B | ||
| Q4 24 | $5.9B | $2.9B | ||
| Q3 24 | $5.6B | $3.0B | ||
| Q2 24 | $5.4B | $3.0B | ||
| Q1 24 | $5.4B | $3.0B |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $159.2M | $78.9M |
| Free Cash FlowOCF − Capex | $149.5M | $64.3M |
| FCF MarginFCF / Revenue | 18.2% | 6.9% |
| Capex IntensityCapex / Revenue | 1.2% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.88× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | $78.9M | ||
| Q3 25 | $208.1M | $97.2M | ||
| Q2 25 | $282.2M | $112.2M | ||
| Q1 25 | $256.6M | $42.7M | ||
| Q4 24 | $202.8M | $106.6M | ||
| Q3 24 | $246.5M | $78.4M | ||
| Q2 24 | $159.0M | $192.9M | ||
| Q1 24 | $221.6M | $-7.7M |
| Q4 25 | $149.5M | $64.3M | ||
| Q3 25 | $191.9M | $80.9M | ||
| Q2 25 | $273.7M | $99.5M | ||
| Q1 25 | $246.1M | $33.7M | ||
| Q4 24 | $194.7M | $95.7M | ||
| Q3 24 | $240.4M | $68.3M | ||
| Q2 24 | $153.1M | $180.2M | ||
| Q1 24 | $212.2M | $-16.3M |
| Q4 25 | 18.2% | 6.9% | ||
| Q3 25 | 23.7% | 7.8% | ||
| Q2 25 | 35.1% | 9.0% | ||
| Q1 25 | 33.7% | 3.2% | ||
| Q4 24 | 25.4% | 11.9% | ||
| Q3 24 | 32.2% | 7.5% | ||
| Q2 24 | 22.0% | 17.1% | ||
| Q1 24 | 31.1% | -1.7% |
| Q4 25 | 1.2% | 1.6% | ||
| Q3 25 | 2.0% | 1.6% | ||
| Q2 25 | 1.1% | 1.2% | ||
| Q1 25 | 1.4% | 0.9% | ||
| Q4 24 | 1.1% | 1.4% | ||
| Q3 24 | 0.8% | 1.1% | ||
| Q2 24 | 0.8% | 1.2% | ||
| Q1 24 | 1.4% | 0.9% |
| Q4 25 | 0.88× | 4.22× | ||
| Q3 25 | 1.09× | 1.55× | ||
| Q2 25 | 1.49× | 1.95× | ||
| Q1 25 | 1.76× | 0.86× | ||
| Q4 24 | 1.22× | 11.17× | ||
| Q3 24 | 1.49× | 2.20× | ||
| Q2 24 | 1.10× | 3.15× | ||
| Q1 24 | 1.86× | -0.21× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
