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Side-by-side financial comparison of F5, Inc. (FFIV) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
MERCURY GENERAL CORP is the larger business by last-quarter revenue ($1.5B vs $811.7M, roughly 1.9× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs 13.2%, a 5.0% gap on every dollar of revenue. On growth, MERCURY GENERAL CORP posted the faster year-over-year revenue change (12.4% vs 11.0%). Over the past eight quarters, MERCURY GENERAL CORP's revenue compounded faster (9.8% 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.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
FFIV vs MCY — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $1.5B |
| Net Profit | $148.0M | $202.5M |
| Gross Margin | 81.4% | 99.7% |
| Operating Margin | 22.1% | 16.2% |
| Net Margin | 18.2% | 13.2% |
| Revenue YoY | 11.0% | 12.4% |
| Net Profit YoY | 1.5% | 100.4% |
| EPS (diluted) | $2.58 | $3.66 |
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 | $1.5B | ||
| Q3 25 | $810.1M | $1.6B | ||
| Q2 25 | $780.4M | $1.5B | ||
| Q1 25 | $731.1M | $1.4B | ||
| Q4 24 | $766.5M | $1.4B | ||
| Q3 24 | $746.7M | $1.5B | ||
| Q2 24 | $695.5M | $1.3B |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $202.5M | ||
| Q3 25 | $190.5M | $280.4M | ||
| Q2 25 | $189.9M | $166.5M | ||
| Q1 25 | $145.5M | $-108.3M | ||
| Q4 24 | $166.4M | $101.1M | ||
| Q3 24 | $165.3M | $230.9M | ||
| Q2 24 | $144.1M | $62.6M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 99.7% | ||
| Q3 25 | 82.2% | 99.8% | ||
| Q2 25 | 81.0% | 99.8% | ||
| Q1 25 | 80.7% | 99.7% | ||
| Q4 24 | 81.7% | 99.7% | ||
| Q3 24 | 80.8% | 99.8% | ||
| Q2 24 | 80.4% | 99.8% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 16.2% | ||
| Q3 25 | 25.4% | 22.1% | ||
| Q2 25 | 25.2% | 14.0% | ||
| Q1 25 | 21.7% | -10.2% | ||
| Q4 24 | 26.8% | 9.0% | ||
| Q3 24 | 25.6% | 18.8% | ||
| Q2 24 | 23.4% | 5.8% |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | 13.2% | ||
| Q3 25 | 23.5% | 17.7% | ||
| Q2 25 | 24.3% | 11.3% | ||
| Q1 25 | 19.9% | -7.8% | ||
| Q4 24 | 21.7% | 7.4% | ||
| Q3 24 | 22.1% | 15.1% | ||
| Q2 24 | 20.7% | 4.8% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $3.66 | ||
| Q3 25 | $3.25 | $5.06 | ||
| Q2 25 | $3.25 | $3.01 | ||
| Q1 25 | $2.48 | $-1.96 | ||
| Q4 24 | $2.82 | $1.82 | ||
| Q3 24 | $2.79 | $4.17 | ||
| Q2 24 | $2.44 | $1.13 |
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 | — |
| Total DebtLower is stronger | — | $575.0M |
| Stockholders' EquityBook value | $3.6B | $2.4B |
| Total Assets | $6.5B | $9.6B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $935.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $575.0M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $2.4B | ||
| Q3 25 | $3.6B | $2.2B | ||
| Q2 25 | $3.5B | $2.0B | ||
| Q1 25 | $3.3B | $1.8B | ||
| Q4 24 | $3.2B | $1.9B | ||
| Q3 24 | $3.1B | $1.9B | ||
| Q2 24 | $3.0B | $1.6B |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $9.6B | ||
| Q3 25 | $6.3B | $9.4B | ||
| Q2 25 | $6.1B | $9.1B | ||
| Q1 25 | $5.9B | $9.0B | ||
| Q4 24 | $5.9B | $8.3B | ||
| Q3 24 | $5.6B | $8.2B | ||
| Q2 24 | $5.4B | $7.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $287.9M |
| Free Cash FlowOCF − Capex | — | $273.9M |
| FCF MarginFCF / Revenue | — | 17.8% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | 3.55× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $287.9M | ||
| Q3 25 | $208.1M | $496.4M | ||
| Q2 25 | $282.2M | $371.6M | ||
| Q1 25 | $256.6M | $-68.7M | ||
| Q4 24 | $202.8M | $248.3M | ||
| Q3 24 | $246.5M | $318.1M | ||
| Q2 24 | $159.0M | $278.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $273.9M | ||
| Q3 25 | $191.9M | $479.5M | ||
| Q2 25 | $273.7M | $357.2M | ||
| Q1 25 | $246.1M | $-81.9M | ||
| Q4 24 | $194.7M | $236.0M | ||
| Q3 24 | $240.4M | $306.2M | ||
| Q2 24 | $153.1M | $266.5M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | 17.8% | ||
| Q3 25 | 23.7% | 30.3% | ||
| Q2 25 | 35.1% | 24.2% | ||
| Q1 25 | 33.7% | -5.9% | ||
| Q4 24 | 25.4% | 17.3% | ||
| Q3 24 | 32.2% | 20.0% | ||
| Q2 24 | 22.0% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 0.9% | ||
| Q3 25 | 2.0% | 1.1% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.4% | 0.9% | ||
| Q4 24 | 1.1% | 0.9% | ||
| Q3 24 | 0.8% | 0.8% | ||
| Q2 24 | 0.8% | 0.9% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | 1.42× | ||
| Q3 25 | 1.09× | 1.77× | ||
| Q2 25 | 1.49× | 2.23× | ||
| Q1 25 | 1.76× | — | ||
| Q4 24 | 1.22× | 2.46× | ||
| Q3 24 | 1.49× | 1.38× | ||
| Q2 24 | 1.10× | 4.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
