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Side-by-side financial comparison of F5, Inc. (FFIV) and PJT Partners Inc. (PJT). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($822.5M vs $531.4M, roughly 1.5× PJT Partners Inc.). F5, Inc. runs the higher net margin — 21.9% vs 10.0%, a 11.9% gap on every dollar of revenue. On growth, PJT Partners Inc. posted the faster year-over-year revenue change (12.9% vs 7.3%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $138.6M). Over the past eight quarters, PJT Partners Inc.'s revenue compounded faster (27.5% CAGR vs 9.9%).
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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
FFIV vs PJT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $531.4M |
| Net Profit | $180.1M | $53.4M |
| Gross Margin | 81.5% | — |
| Operating Margin | 26.0% | 23.1% |
| Net Margin | 21.9% | 10.0% |
| Revenue YoY | 7.3% | 12.9% |
| Net Profit YoY | 8.2% | 4.0% |
| EPS (diluted) | $3.10 | — |
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 | $531.4M | ||
| Q3 25 | $810.1M | $442.3M | ||
| Q2 25 | $780.4M | $401.1M | ||
| Q1 25 | $731.1M | $321.9M | ||
| Q4 24 | $766.5M | $470.5M | ||
| Q3 24 | $746.7M | $320.3M | ||
| Q2 24 | $695.5M | $358.1M | ||
| Q1 24 | $681.4M | $327.1M |
| Q4 25 | $180.1M | $53.4M | ||
| Q3 25 | $190.5M | $39.8M | ||
| Q2 25 | $189.9M | $32.9M | ||
| Q1 25 | $145.5M | $54.0M | ||
| Q4 24 | $166.4M | $51.3M | ||
| Q3 24 | $165.3M | $22.1M | ||
| Q2 24 | $144.1M | $28.3M | ||
| Q1 24 | $119.0M | $32.6M |
| 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% | — |
| Q4 25 | 26.0% | 23.1% | ||
| Q3 25 | 25.4% | 20.6% | ||
| Q2 25 | 25.2% | 19.1% | ||
| Q1 25 | 21.7% | 16.3% | ||
| Q4 24 | 26.8% | 21.9% | ||
| Q3 24 | 25.6% | 15.4% | ||
| Q2 24 | 23.4% | 18.0% | ||
| Q1 24 | 20.5% | 16.5% |
| Q4 25 | 21.9% | 10.0% | ||
| Q3 25 | 23.5% | 9.0% | ||
| Q2 25 | 24.3% | 8.2% | ||
| Q1 25 | 19.9% | 16.8% | ||
| Q4 24 | 21.7% | 10.9% | ||
| Q3 24 | 22.1% | 6.9% | ||
| Q2 24 | 20.7% | 7.9% | ||
| Q1 24 | 17.5% | 10.0% |
| Q4 25 | $3.10 | — | ||
| Q3 25 | $3.25 | — | ||
| Q2 25 | $3.25 | — | ||
| Q1 25 | $2.48 | — | ||
| Q4 24 | $2.82 | — | ||
| Q3 24 | $2.79 | — | ||
| Q2 24 | $2.44 | — | ||
| Q1 24 | $2.00 | — |
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 | $538.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $308.2M |
| Total Assets | $6.3B | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $538.9M | ||
| Q3 25 | $1.3B | $400.5M | ||
| Q2 25 | $1.4B | $214.6M | ||
| Q1 25 | $1.3B | $194.3M | ||
| Q4 24 | $1.2B | $483.9M | ||
| Q3 24 | $1.1B | $148.8M | ||
| Q2 24 | $935.6M | $164.2M | ||
| Q1 24 | $903.5M | $215.5M |
| Q4 25 | $3.5B | $308.2M | ||
| Q3 25 | $3.6B | $228.6M | ||
| Q2 25 | $3.5B | $167.4M | ||
| Q1 25 | $3.3B | $148.8M | ||
| Q4 24 | $3.2B | $187.0M | ||
| Q3 24 | $3.1B | $159.1M | ||
| Q2 24 | $3.0B | $133.8M | ||
| Q1 24 | $2.9B | $174.6M |
| Q4 25 | $6.3B | $1.8B | ||
| Q3 25 | $6.3B | $1.7B | ||
| Q2 25 | $6.1B | $1.5B | ||
| Q1 25 | $5.9B | $1.4B | ||
| Q4 24 | $5.9B | $1.6B | ||
| Q3 24 | $5.6B | $1.6B | ||
| Q2 24 | $5.4B | $1.4B | ||
| Q1 24 | $5.4B | $1.3B |
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 | $155.7M |
| Free Cash FlowOCF − Capex | $149.5M | $138.6M |
| FCF MarginFCF / Revenue | 18.2% | 26.1% |
| Capex IntensityCapex / Revenue | 1.2% | 3.2% |
| Cash ConversionOCF / Net Profit | 0.88× | 2.92× |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | $480.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | $155.7M | ||
| Q3 25 | $208.1M | $256.1M | ||
| Q2 25 | $282.2M | $190.4M | ||
| Q1 25 | $256.6M | $-75.9M | ||
| Q4 24 | $202.8M | $195.7M | ||
| Q3 24 | $246.5M | $180.5M | ||
| Q2 24 | $159.0M | $193.6M | ||
| Q1 24 | $221.6M | $-38.8M |
| Q4 25 | $149.5M | $138.6M | ||
| Q3 25 | $191.9M | $240.9M | ||
| Q2 25 | $273.7M | $178.9M | ||
| Q1 25 | $246.1M | $-77.9M | ||
| Q4 24 | $194.7M | $195.3M | ||
| Q3 24 | $240.4M | $178.5M | ||
| Q2 24 | $153.1M | $193.0M | ||
| Q1 24 | $212.2M | $-39.2M |
| Q4 25 | 18.2% | 26.1% | ||
| Q3 25 | 23.7% | 54.5% | ||
| Q2 25 | 35.1% | 44.6% | ||
| Q1 25 | 33.7% | -24.2% | ||
| Q4 24 | 25.4% | 41.5% | ||
| Q3 24 | 32.2% | 55.7% | ||
| Q2 24 | 22.0% | 53.9% | ||
| Q1 24 | 31.1% | -12.0% |
| Q4 25 | 1.2% | 3.2% | ||
| Q3 25 | 2.0% | 3.4% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 1.4% | 0.6% | ||
| Q4 24 | 1.1% | 0.1% | ||
| Q3 24 | 0.8% | 0.6% | ||
| Q2 24 | 0.8% | 0.1% | ||
| Q1 24 | 1.4% | 0.1% |
| Q4 25 | 0.88× | 2.92× | ||
| Q3 25 | 1.09× | 6.43× | ||
| Q2 25 | 1.49× | 5.79× | ||
| Q1 25 | 1.76× | -1.41× | ||
| Q4 24 | 1.22× | 3.81× | ||
| Q3 24 | 1.49× | 8.15× | ||
| Q2 24 | 1.10× | 6.84× | ||
| Q1 24 | 1.86× | -1.19× |
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% |
PJT
Segment breakdown not available.
