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Side-by-side financial comparison of F5, Inc. (FFIV) and PHINIA INC. (PHIN). Click either name above to swap in a different company.
PHINIA INC. is the larger business by last-quarter revenue ($889.0M vs $811.7M, roughly 1.1× F5, Inc.). On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 6.7%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 1.5%).
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.
PHINIA Inc. is a global automotive technology provider specializing in fuel injection systems, starters, alternators, and hybrid/electric vehicle components. It serves OEMs and aftermarket customers across North America, Europe, Asia Pacific and key markets, covering passenger car, commercial vehicle and industrial mobility segments.
FFIV vs PHIN — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $889.0M |
| Net Profit | $148.0M | — |
| Gross Margin | 81.4% | 21.7% |
| Operating Margin | 22.1% | 7.8% |
| Net Margin | 18.2% | — |
| Revenue YoY | 11.0% | 6.7% |
| Net Profit YoY | 1.5% | — |
| EPS (diluted) | $2.58 | $1.14 |
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 | $889.0M | ||
| Q3 25 | $810.1M | $908.0M | ||
| Q2 25 | $780.4M | $890.0M | ||
| Q1 25 | $731.1M | $796.0M | ||
| Q4 24 | $766.5M | $833.0M | ||
| Q3 24 | $746.7M | $839.0M | ||
| Q2 24 | $695.5M | $868.0M |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | — | ||
| Q3 25 | $190.5M | $13.0M | ||
| Q2 25 | $189.9M | $46.0M | ||
| Q1 25 | $145.5M | $26.0M | ||
| Q4 24 | $166.4M | — | ||
| Q3 24 | $165.3M | $31.0M | ||
| Q2 24 | $144.1M | $14.0M |
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.5% | 21.7% | ||
| Q3 25 | 82.2% | 22.0% | ||
| Q2 25 | 81.0% | 22.1% | ||
| Q1 25 | 80.7% | 21.6% | ||
| Q4 24 | 81.7% | 22.7% | ||
| Q3 24 | 80.8% | 22.3% | ||
| Q2 24 | 80.4% | 21.7% |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | 7.8% | ||
| Q3 25 | 25.4% | 3.7% | ||
| Q2 25 | 25.2% | 10.0% | ||
| Q1 25 | 21.7% | 7.8% | ||
| Q4 24 | 26.8% | 6.1% | ||
| Q3 24 | 25.6% | 7.9% | ||
| Q2 24 | 23.4% | 8.2% |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 23.5% | 1.4% | ||
| Q2 25 | 24.3% | 5.2% | ||
| Q1 25 | 19.9% | 3.3% | ||
| Q4 24 | 21.7% | — | ||
| Q3 24 | 22.1% | 3.7% | ||
| Q2 24 | 20.7% | 1.6% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $1.14 | ||
| Q3 25 | $3.25 | $0.33 | ||
| Q2 25 | $3.25 | $1.14 | ||
| Q1 25 | $2.48 | $0.63 | ||
| Q4 24 | $2.82 | $0.13 | ||
| Q3 24 | $2.79 | $0.70 | ||
| Q2 24 | $2.44 | $0.31 |
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 | $359.0M |
| Total DebtLower is stronger | — | $970.0M |
| Stockholders' EquityBook value | $3.6B | $1.6B |
| Total Assets | $6.5B | $3.8B |
| Debt / EquityLower = less leverage | — | 0.61× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $359.0M | ||
| Q3 25 | $1.3B | $349.0M | ||
| Q2 25 | $1.4B | $347.0M | ||
| Q1 25 | $1.3B | $373.0M | ||
| Q4 24 | $1.2B | $484.0M | ||
| Q3 24 | $1.1B | $477.0M | ||
| Q2 24 | $935.6M | $339.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $970.0M | ||
| Q3 25 | — | $990.0M | ||
| Q2 25 | — | $990.0M | ||
| Q1 25 | — | $989.0M | ||
| Q4 24 | — | $988.0M | ||
| Q3 24 | — | $987.0M | ||
| Q2 24 | — | $821.0M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $1.6B | ||
| Q3 25 | $3.6B | $1.6B | ||
| Q2 25 | $3.5B | $1.6B | ||
| Q1 25 | $3.3B | $1.5B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.0B | $1.7B |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $3.8B | ||
| Q3 25 | $6.3B | $4.0B | ||
| Q2 25 | $6.1B | $3.9B | ||
| Q1 25 | $5.9B | $3.7B | ||
| Q4 24 | $5.9B | $3.8B | ||
| Q3 24 | $5.6B | $4.0B | ||
| Q2 24 | $5.4B | $3.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.61× | ||
| Q3 25 | — | 0.62× | ||
| Q2 25 | — | 0.61× | ||
| Q1 25 | — | 0.64× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.47× |
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 | $96.0M |
| Free Cash FlowOCF − Capex | — | $67.0M |
| FCF MarginFCF / Revenue | — | 7.5% |
| Capex IntensityCapex / Revenue | — | 3.3% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $188.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $96.0M | ||
| Q3 25 | $208.1M | $119.0M | ||
| Q2 25 | $282.2M | $57.0M | ||
| Q1 25 | $256.6M | $40.0M | ||
| Q4 24 | $202.8M | $73.0M | ||
| Q3 24 | $246.5M | $95.0M | ||
| Q2 24 | $159.0M | $109.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $67.0M | ||
| Q3 25 | $191.9M | $93.0M | ||
| Q2 25 | $273.7M | $23.0M | ||
| Q1 25 | $246.1M | $5.0M | ||
| Q4 24 | $194.7M | $53.0M | ||
| Q3 24 | $240.4M | $70.0M | ||
| Q2 24 | $153.1M | $92.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | 7.5% | ||
| Q3 25 | 23.7% | 10.2% | ||
| Q2 25 | 35.1% | 2.6% | ||
| Q1 25 | 33.7% | 0.6% | ||
| Q4 24 | 25.4% | 6.4% | ||
| Q3 24 | 32.2% | 8.3% | ||
| Q2 24 | 22.0% | 10.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 3.3% | ||
| Q3 25 | 2.0% | 2.9% | ||
| Q2 25 | 1.1% | 3.8% | ||
| Q1 25 | 1.4% | 4.4% | ||
| Q4 24 | 1.1% | 2.4% | ||
| Q3 24 | 0.8% | 3.0% | ||
| Q2 24 | 0.8% | 2.0% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.09× | 9.15× | ||
| Q2 25 | 1.49× | 1.24× | ||
| Q1 25 | 1.76× | 1.54× | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.49× | 3.06× | ||
| Q2 24 | 1.10× | 7.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
Segment breakdown not available.
PHIN
| Customer | $618.0M | 70% |
| Fuel Systems | $194.0M | 22% |
| Other | $77.0M | 9% |
