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Side-by-side financial comparison of F5, Inc. (FFIV) and Magnera Corp (MAGN). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $792.0M, roughly 1.0× Magnera Corp). F5, Inc. runs the higher net margin — 18.2% vs -4.3%, a 22.5% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs 11.0%). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% 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.
FFIV vs MAGN — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $792.0M |
| Net Profit | $148.0M | $-34.0M |
| Gross Margin | 81.4% | 12.2% |
| Operating Margin | 22.1% | 1.8% |
| Net Margin | 18.2% | -4.3% |
| Revenue YoY | 11.0% | 12.8% |
| Net Profit YoY | 1.5% | 43.3% |
| EPS (diluted) | $2.58 | $-0.95 |
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 | $792.0M | ||
| Q3 25 | $810.1M | — | ||
| Q2 25 | $780.4M | $839.0M | ||
| Q1 25 | $731.1M | $824.0M | ||
| Q4 24 | $766.5M | $702.0M | ||
| Q3 24 | $746.7M | $332.1M | ||
| Q2 24 | $695.5M | $556.0M |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $-34.0M | ||
| Q3 25 | $190.5M | — | ||
| Q2 25 | $189.9M | $-18.0M | ||
| Q1 25 | $145.5M | $-41.0M | ||
| Q4 24 | $166.4M | $-60.0M | ||
| Q3 24 | $165.3M | $-15.2M | ||
| Q2 24 | $144.1M | $19.0M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 12.2% | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 81.0% | 10.7% | ||
| Q1 25 | 80.7% | 10.7% | ||
| Q4 24 | 81.7% | 10.1% | ||
| Q3 24 | 80.8% | 10.7% | ||
| Q2 24 | 80.4% | 6.6% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 1.8% | ||
| Q3 25 | 25.4% | — | ||
| Q2 25 | 25.2% | 1.5% | ||
| Q1 25 | 21.7% | 0.5% | ||
| Q4 24 | 26.8% | -3.1% | ||
| Q3 24 | 25.6% | 0.9% | ||
| Q2 24 | 23.4% | 3.1% |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | -4.3% | ||
| Q3 25 | 23.5% | — | ||
| Q2 25 | 24.3% | -2.1% | ||
| Q1 25 | 19.9% | -5.0% | ||
| Q4 24 | 21.7% | -8.5% | ||
| Q3 24 | 22.1% | -4.6% | ||
| Q2 24 | 20.7% | 3.4% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $-0.95 | ||
| Q3 25 | $3.25 | — | ||
| Q2 25 | $3.25 | $-0.51 | ||
| Q1 25 | $2.48 | $-1.15 | ||
| Q4 24 | $2.82 | $-1.69 | ||
| Q3 24 | $2.79 | $-0.33 | ||
| Q2 24 | $2.44 | $0.60 |
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 | $264.0M |
| Total DebtLower is stronger | — | $1.9B |
| Stockholders' EquityBook value | $3.6B | $1.0B |
| Total Assets | $6.5B | $3.9B |
| Debt / EquityLower = less leverage | — | 1.86× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $264.0M | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | $276.0M | ||
| Q1 25 | $1.3B | $282.0M | ||
| Q4 24 | $1.2B | $215.0M | ||
| Q3 24 | $1.1B | $230.0M | ||
| Q2 24 | $935.6M | $33.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $877.4M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $1.0B | ||
| Q3 25 | $3.6B | — | ||
| Q2 25 | $3.5B | $1.1B | ||
| Q1 25 | $3.3B | $1.1B | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $3.1B | $2.1B | ||
| Q2 24 | $3.0B | $2.4B |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $3.9B | ||
| Q3 25 | $6.3B | — | ||
| Q2 25 | $6.1B | $4.1B | ||
| Q1 25 | $5.9B | $4.1B | ||
| Q4 24 | $5.9B | $4.0B | ||
| Q3 24 | $5.6B | $2.8B | ||
| Q2 24 | $5.4B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | 1.83× | ||
| Q4 24 | — | 1.80× | ||
| Q3 24 | — | 0.91× | ||
| Q2 24 | — | 0.37× |
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 | $2.0M |
| Free Cash FlowOCF − Capex | — | $-13.0M |
| FCF MarginFCF / Revenue | — | -1.6% |
| Capex IntensityCapex / Revenue | — | 1.9% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $2.0M | ||
| Q3 25 | $208.1M | — | ||
| Q2 25 | $282.2M | $0 | ||
| Q1 25 | $256.6M | $65.0M | ||
| Q4 24 | $202.8M | $-58.0M | ||
| Q3 24 | $246.5M | $12.2M | ||
| Q2 24 | $159.0M | $38.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $-13.0M | ||
| Q3 25 | $191.9M | — | ||
| Q2 25 | $273.7M | — | ||
| Q1 25 | $246.1M | $42.0M | ||
| Q4 24 | $194.7M | $-74.0M | ||
| Q3 24 | $240.4M | $3.6M | ||
| Q2 24 | $153.1M | $23.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | -1.6% | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 35.1% | — | ||
| Q1 25 | 33.7% | 5.1% | ||
| Q4 24 | 25.4% | -10.5% | ||
| Q3 24 | 32.2% | 1.1% | ||
| Q2 24 | 22.0% | 4.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.9% | ||
| Q3 25 | 2.0% | — | ||
| Q2 25 | 1.1% | 1.5% | ||
| Q1 25 | 1.4% | 2.8% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 0.8% | 2.6% | ||
| Q2 24 | 0.8% | 2.7% |
| Q1 26 | 3.55× | — | ||
| 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× | 2.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
Segment breakdown not available.
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
