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Side-by-side financial comparison of F5, Inc. (FFIV) and ENVIRI Corp (NVRI). Click either name above to swap in a different company.

F5, Inc. is the larger business by last-quarter revenue ($822.5M vs $555.0M, roughly 1.5× ENVIRI Corp). F5, Inc. runs the higher net margin — 21.9% vs -15.2%, a 37.1% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (7.3% vs -0.8%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $-10.5M). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% CAGR vs -3.8%).

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.

Enviri Corporation is an environmental company based in Philadelphia, Pennsylvania. It operates in over 30 countries and employs approximately 12,000 people worldwide. The company addresses complex environmental issues for large industries, including steel, railways, and energy.

FFIV vs NVRI — Head-to-Head

Bigger by revenue
FFIV
FFIV
1.5× larger
FFIV
$822.5M
$555.0M
NVRI
Growing faster (revenue YoY)
FFIV
FFIV
+8.1% gap
FFIV
7.3%
-0.8%
NVRI
Higher net margin
FFIV
FFIV
37.1% more per $
FFIV
21.9%
-15.2%
NVRI
More free cash flow
FFIV
FFIV
$160.0M more FCF
FFIV
$149.5M
$-10.5M
NVRI
Faster 2-yr revenue CAGR
FFIV
FFIV
Annualised
FFIV
9.9%
-3.8%
NVRI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FFIV
FFIV
NVRI
NVRI
Revenue
$822.5M
$555.0M
Net Profit
$180.1M
$-84.3M
Gross Margin
81.5%
Operating Margin
26.0%
-6.4%
Net Margin
21.9%
-15.2%
Revenue YoY
7.3%
-0.8%
Net Profit YoY
8.2%
0.7%
EPS (diluted)
$3.10
$-1.04

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
NVRI
NVRI
Q4 25
$822.5M
$555.0M
Q3 25
$810.1M
$574.8M
Q2 25
$780.4M
$562.3M
Q1 25
$731.1M
$548.3M
Q4 24
$766.5M
$559.2M
Q3 24
$746.7M
$573.6M
Q2 24
$695.5M
$610.0M
Q1 24
$681.4M
$600.3M
Net Profit
FFIV
FFIV
NVRI
NVRI
Q4 25
$180.1M
$-84.3M
Q3 25
$190.5M
$-22.3M
Q2 25
$189.9M
$-47.6M
Q1 25
$145.5M
$-13.4M
Q4 24
$166.4M
$-84.9M
Q3 24
$165.3M
$-13.2M
Q2 24
$144.1M
$-13.6M
Q1 24
$119.0M
$-18.0M
Gross Margin
FFIV
FFIV
NVRI
NVRI
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%
Q1 24
79.3%
Operating Margin
FFIV
FFIV
NVRI
NVRI
Q4 25
26.0%
-6.4%
Q3 25
25.4%
2.9%
Q2 25
25.2%
-1.3%
Q1 25
21.7%
5.6%
Q4 24
26.8%
-11.4%
Q3 24
25.6%
6.5%
Q2 24
23.4%
5.1%
Q1 24
20.5%
4.3%
Net Margin
FFIV
FFIV
NVRI
NVRI
Q4 25
21.9%
-15.2%
Q3 25
23.5%
-3.9%
Q2 25
24.3%
-8.5%
Q1 25
19.9%
-2.4%
Q4 24
21.7%
-15.2%
Q3 24
22.1%
-2.3%
Q2 24
20.7%
-2.2%
Q1 24
17.5%
-3.0%
EPS (diluted)
FFIV
FFIV
NVRI
NVRI
Q4 25
$3.10
$-1.04
Q3 25
$3.25
$-0.28
Q2 25
$3.25
$-0.59
Q1 25
$2.48
$-0.17
Q4 24
$2.82
$-1.07
Q3 24
$2.79
$-0.16
Q2 24
$2.44
$-0.17
Q1 24
$2.00
$-0.22

Balance Sheet & Financial Strength

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

Metric
FFIV
FFIV
NVRI
NVRI
Cash + ST InvestmentsLiquidity on hand
$1.2B
$103.7M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$3.5B
$255.1M
Total Assets
$6.3B
$2.7B
Debt / EquityLower = less leverage
6.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFIV
FFIV
NVRI
NVRI
Q4 25
$1.2B
$103.7M
Q3 25
$1.3B
$115.4M
Q2 25
$1.4B
$97.8M
Q1 25
$1.3B
$102.5M
Q4 24
$1.2B
$88.4M
Q3 24
$1.1B
$110.2M
Q2 24
$935.6M
$104.0M
Q1 24
$903.5M
$103.9M
Total Debt
FFIV
FFIV
NVRI
NVRI
Q4 25
$1.6B
Q3 25
Q2 25
Q1 25
Q4 24
$1.4B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FFIV
FFIV
NVRI
NVRI
Q4 25
$3.5B
$255.1M
Q3 25
$3.6B
$361.1M
Q2 25
$3.5B
$376.3M
Q1 25
$3.3B
$409.0M
Q4 24
$3.2B
$391.5M
Q3 24
$3.1B
$484.0M
Q2 24
$3.0B
$485.7M
Q1 24
$2.9B
$500.9M
Total Assets
FFIV
FFIV
NVRI
NVRI
Q4 25
$6.3B
$2.7B
Q3 25
$6.3B
$2.8B
Q2 25
$6.1B
$2.8B
Q1 25
$5.9B
$2.7B
Q4 24
$5.9B
$2.6B
Q3 24
$5.6B
$2.8B
Q2 24
$5.4B
$2.8B
Q1 24
$5.4B
$2.8B
Debt / Equity
FFIV
FFIV
NVRI
NVRI
Q4 25
6.10×
Q3 25
Q2 25
Q1 25
Q4 24
3.66×
Q3 24
Q2 24
Q1 24

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
NVRI
NVRI
Operating Cash FlowLast quarter
$159.2M
$38.4M
Free Cash FlowOCF − Capex
$149.5M
$-10.5M
FCF MarginFCF / Revenue
18.2%
-1.9%
Capex IntensityCapex / Revenue
1.2%
8.8%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$861.2M
$-39.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFIV
FFIV
NVRI
NVRI
Q4 25
$159.2M
$38.4M
Q3 25
$208.1M
$34.4M
Q2 25
$282.2M
$22.0M
Q1 25
$256.6M
$6.6M
Q4 24
$202.8M
$36.3M
Q3 24
$246.5M
$1.4M
Q2 24
$159.0M
$39.0M
Q1 24
$221.6M
$1.3M
Free Cash Flow
FFIV
FFIV
NVRI
NVRI
Q4 25
$149.5M
$-10.5M
Q3 25
$191.9M
$2.7M
Q2 25
$273.7M
$-17.1M
Q1 25
$246.1M
$-15.0M
Q4 24
$194.7M
$1.8M
Q3 24
$240.4M
$-40.2M
Q2 24
$153.1M
$5.4M
Q1 24
$212.2M
$-25.5M
FCF Margin
FFIV
FFIV
NVRI
NVRI
Q4 25
18.2%
-1.9%
Q3 25
23.7%
0.5%
Q2 25
35.1%
-3.0%
Q1 25
33.7%
-2.7%
Q4 24
25.4%
0.3%
Q3 24
32.2%
-7.0%
Q2 24
22.0%
0.9%
Q1 24
31.1%
-4.3%
Capex Intensity
FFIV
FFIV
NVRI
NVRI
Q4 25
1.2%
8.8%
Q3 25
2.0%
5.5%
Q2 25
1.1%
6.9%
Q1 25
1.4%
3.9%
Q4 24
1.1%
6.2%
Q3 24
0.8%
7.2%
Q2 24
0.8%
5.5%
Q1 24
1.4%
4.5%
Cash Conversion
FFIV
FFIV
NVRI
NVRI
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
FFIV

Services$412.2M50%
Products$410.3M50%

NVRI
NVRI

Products And Services Service Revenue$500.2M90%
After Market Parts And Services Safety And Diagnostic Technology$23.0M4%
Railway Track Maintenance Equipment$16.6M3%
Railway Contracting Services$15.9M3%
Aluminum Dross And Scrap Processing Systems$3.1M1%

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