vs
Side-by-side financial comparison of F5, Inc. (FFIV) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $822.5M, roughly 1.7× F5, Inc.). F5, Inc. runs the higher net margin — 21.9% vs -7.3%, a 29.2% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (7.3% vs 3.1%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $35.0M).
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.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
FFIV vs LINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.4B |
| Net Profit | $180.1M | $-100.0M |
| Gross Margin | 81.5% | 32.3% |
| Operating Margin | 26.0% | 2.5% |
| Net Margin | 21.9% | -7.3% |
| Revenue YoY | 7.3% | 3.1% |
| Net Profit YoY | 8.2% | 79.4% |
| EPS (diluted) | $3.10 | $-0.44 |
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 | — | ||
| Q3 25 | $810.1M | $1.4B | ||
| Q2 25 | $780.4M | $1.4B | ||
| Q1 25 | $731.1M | $1.3B | ||
| Q4 24 | $766.5M | $1.3B | ||
| Q3 24 | $746.7M | $1.3B | ||
| Q2 24 | $695.5M | $1.3B | ||
| Q1 24 | $681.4M | $1.3B |
| Q4 25 | $180.1M | — | ||
| Q3 25 | $190.5M | $-100.0M | ||
| Q2 25 | $189.9M | $-6.0M | ||
| Q1 25 | $145.5M | $0 | ||
| Q4 24 | $166.4M | $-71.0M | ||
| Q3 24 | $165.3M | $-485.0M | ||
| Q2 24 | $144.1M | $-68.0M | ||
| Q1 24 | $119.0M | $-40.0M |
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.2% | 32.3% | ||
| Q2 25 | 81.0% | 31.9% | ||
| Q1 25 | 80.7% | 32.2% | ||
| Q4 24 | 81.7% | 32.3% | ||
| Q3 24 | 80.8% | 32.8% | ||
| Q2 24 | 80.4% | 33.4% | ||
| Q1 24 | 79.3% | 33.4% |
| Q4 25 | 26.0% | — | ||
| Q3 25 | 25.4% | 2.5% | ||
| Q2 25 | 25.2% | 1.7% | ||
| Q1 25 | 21.7% | 4.3% | ||
| Q4 24 | 26.8% | -1.6% | ||
| Q3 24 | 25.6% | -38.6% | ||
| Q2 24 | 23.4% | 5.5% | ||
| Q1 24 | 20.5% | 7.6% |
| Q4 25 | 21.9% | — | ||
| Q3 25 | 23.5% | -7.3% | ||
| Q2 25 | 24.3% | -0.4% | ||
| Q1 25 | 19.9% | — | ||
| Q4 24 | 21.7% | -5.3% | ||
| Q3 24 | 22.1% | -36.3% | ||
| Q2 24 | 20.7% | -5.1% | ||
| Q1 24 | 17.5% | -3.0% |
| Q4 25 | $3.10 | — | ||
| Q3 25 | $3.25 | $-0.44 | ||
| Q2 25 | $3.25 | $-0.03 | ||
| Q1 25 | $2.48 | $0.01 | ||
| Q4 24 | $2.82 | $-0.52 | ||
| Q3 24 | $2.79 | $-2.44 | ||
| Q2 24 | $2.44 | $-0.46 | ||
| Q1 24 | $2.00 | $-0.28 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $8.4B |
| Total Assets | $6.3B | $19.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | $173.0M | ||
| Q3 24 | $1.1B | $409.0M | ||
| Q2 24 | $935.6M | $73.0M | ||
| Q1 24 | $903.5M | — |
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.6B | $8.4B | ||
| Q2 25 | $3.5B | $8.6B | ||
| Q1 25 | $3.3B | $8.6B | ||
| Q4 24 | $3.2B | $8.6B | ||
| Q3 24 | $3.1B | $9.0B | ||
| Q2 24 | $3.0B | $4.9B | ||
| Q1 24 | $2.9B | $5.6B |
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | $19.2B | ||
| Q2 25 | $6.1B | $19.4B | ||
| Q1 25 | $5.9B | $18.8B | ||
| Q4 24 | $5.9B | $18.7B | ||
| Q3 24 | $5.6B | $19.3B | ||
| Q2 24 | $5.4B | $18.8B | ||
| Q1 24 | $5.4B | — |
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 | $230.0M |
| Free Cash FlowOCF − Capex | $149.5M | $35.0M |
| FCF MarginFCF / Revenue | 18.2% | 2.5% |
| Capex IntensityCapex / Revenue | 1.2% | 14.2% |
| Cash ConversionOCF / Net Profit | 0.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | — | ||
| Q3 25 | $208.1M | $230.0M | ||
| Q2 25 | $282.2M | $258.0M | ||
| Q1 25 | $256.6M | $139.0M | ||
| Q4 24 | $202.8M | — | ||
| Q3 24 | $246.5M | $186.0M | ||
| Q2 24 | $159.0M | $155.0M | ||
| Q1 24 | $221.6M | $105.0M |
| Q4 25 | $149.5M | — | ||
| Q3 25 | $191.9M | $35.0M | ||
| Q2 25 | $273.7M | $95.0M | ||
| Q1 25 | $246.1M | $-12.0M | ||
| Q4 24 | $194.7M | — | ||
| Q3 24 | $240.4M | $33.0M | ||
| Q2 24 | $153.1M | $-31.0M | ||
| Q1 24 | $212.2M | $-42.0M |
| Q4 25 | 18.2% | — | ||
| Q3 25 | 23.7% | 2.5% | ||
| Q2 25 | 35.1% | 7.0% | ||
| Q1 25 | 33.7% | -0.9% | ||
| Q4 24 | 25.4% | — | ||
| Q3 24 | 32.2% | 2.5% | ||
| Q2 24 | 22.0% | -2.3% | ||
| Q1 24 | 31.1% | -3.2% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.0% | 14.2% | ||
| Q2 25 | 1.1% | 12.1% | ||
| Q1 25 | 1.4% | 11.7% | ||
| Q4 24 | 1.1% | — | ||
| Q3 24 | 0.8% | 11.5% | ||
| Q2 24 | 0.8% | 13.9% | ||
| Q1 24 | 1.4% | 11.1% |
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.09× | — | ||
| Q2 25 | 1.49× | — | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.49× | — | ||
| Q2 24 | 1.10× | — | ||
| Q1 24 | 1.86× | — |
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% |
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
