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Side-by-side financial comparison of F5, Inc. (FFIV) and PORTLAND GENERAL ELECTRIC CO (POR). Click either name above to swap in a different company.

PORTLAND GENERAL ELECTRIC CO is the larger business by last-quarter revenue ($889.0M vs $822.5M, roughly 1.1× F5, Inc.). F5, Inc. runs the higher net margin — 21.9% vs 4.6%, a 17.3% gap on every dollar of revenue. On growth, PORTLAND GENERAL ELECTRIC CO posted the faster year-over-year revenue change (7.9% vs 7.3%). F5, Inc. produced more free cash flow last quarter ($149.5M vs $-142.0M). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% CAGR vs -2.2%).

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.

Portland General Electric (PGE) is a Fortune 1000, publicly traded energy company based in Portland, Oregon, that generates, transmits and distributes electricity, serving almost two-thirds of Oregon's commercial and industrial activity. PGE is regulated by the Oregon Public Utility Commission. Founded in 1888 as the Willamette Falls Electric Company, the company has been an independent company for most of its existence, though was briefly owned by the Houston-based Enron Corporation from 199...

FFIV vs POR — Head-to-Head

Bigger by revenue
POR
POR
1.1× larger
POR
$889.0M
$822.5M
FFIV
Growing faster (revenue YoY)
POR
POR
+0.6% gap
POR
7.9%
7.3%
FFIV
Higher net margin
FFIV
FFIV
17.3% more per $
FFIV
21.9%
4.6%
POR
More free cash flow
FFIV
FFIV
$291.5M more FCF
FFIV
$149.5M
$-142.0M
POR
Faster 2-yr revenue CAGR
FFIV
FFIV
Annualised
FFIV
9.9%
-2.2%
POR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FFIV
FFIV
POR
POR
Revenue
$822.5M
$889.0M
Net Profit
$180.1M
$41.0M
Gross Margin
81.5%
Operating Margin
26.0%
10.7%
Net Margin
21.9%
4.6%
Revenue YoY
7.3%
7.9%
Net Profit YoY
8.2%
7.9%
EPS (diluted)
$3.10
$0.36

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
POR
POR
Q4 25
$822.5M
$889.0M
Q3 25
$810.1M
$952.0M
Q2 25
$780.4M
$807.0M
Q1 25
$731.1M
$928.0M
Q4 24
$766.5M
$824.0M
Q3 24
$746.7M
$929.0M
Q2 24
$695.5M
$758.0M
Q1 24
$681.4M
$929.0M
Net Profit
FFIV
FFIV
POR
POR
Q4 25
$180.1M
$41.0M
Q3 25
$190.5M
$103.0M
Q2 25
$189.9M
$62.0M
Q1 25
$145.5M
$100.0M
Q4 24
$166.4M
$38.0M
Q3 24
$165.3M
$94.0M
Q2 24
$144.1M
$72.0M
Q1 24
$119.0M
$109.0M
Gross Margin
FFIV
FFIV
POR
POR
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
POR
POR
Q4 25
26.0%
10.7%
Q3 25
25.4%
18.3%
Q2 25
25.2%
14.6%
Q1 25
21.7%
18.1%
Q4 24
26.8%
10.7%
Q3 24
25.6%
15.7%
Q2 24
23.4%
15.3%
Q1 24
20.5%
17.4%
Net Margin
FFIV
FFIV
POR
POR
Q4 25
21.9%
4.6%
Q3 25
23.5%
10.8%
Q2 25
24.3%
7.7%
Q1 25
19.9%
10.8%
Q4 24
21.7%
4.6%
Q3 24
22.1%
10.1%
Q2 24
20.7%
9.5%
Q1 24
17.5%
11.7%
EPS (diluted)
FFIV
FFIV
POR
POR
Q4 25
$3.10
$0.36
Q3 25
$3.25
$0.94
Q2 25
$3.25
$0.56
Q1 25
$2.48
$0.91
Q4 24
$2.82
$0.34
Q3 24
$2.79
$0.90
Q2 24
$2.44
$0.69
Q1 24
$2.00
$1.08

Balance Sheet & Financial Strength

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

Metric
FFIV
FFIV
POR
POR
Cash + ST InvestmentsLiquidity on hand
$1.2B
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$3.5B
$4.1B
Total Assets
$6.3B
$13.2B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFIV
FFIV
POR
POR
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 24
$903.5M
Total Debt
FFIV
FFIV
POR
POR
Q4 25
$4.7B
Q3 25
$4.7B
Q2 25
$4.7B
Q1 25
$4.7B
Q4 24
$4.5B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
FFIV
FFIV
POR
POR
Q4 25
$3.5B
$4.1B
Q3 25
$3.6B
$4.0B
Q2 25
$3.5B
$3.9B
Q1 25
$3.3B
$3.8B
Q4 24
$3.2B
$3.8B
Q3 24
$3.1B
$3.6B
Q2 24
$3.0B
$3.5B
Q1 24
$2.9B
$3.5B
Total Assets
FFIV
FFIV
POR
POR
Q4 25
$6.3B
$13.2B
Q3 25
$6.3B
$13.0B
Q2 25
$6.1B
$12.7B
Q1 25
$5.9B
$12.7B
Q4 24
$5.9B
$12.5B
Q3 24
$5.6B
$11.9B
Q2 24
$5.4B
$11.6B
Q1 24
$5.4B
$11.6B
Debt / Equity
FFIV
FFIV
POR
POR
Q4 25
1.13×
Q3 25
1.20×
Q2 25
1.23×
Q1 25
1.23×
Q4 24
1.20×
Q3 24
1.22×
Q2 24
1.27×
Q1 24
1.28×

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
POR
POR
Operating Cash FlowLast quarter
$159.2M
$148.0M
Free Cash FlowOCF − Capex
$149.5M
$-142.0M
FCF MarginFCF / Revenue
18.2%
-16.0%
Capex IntensityCapex / Revenue
1.2%
32.6%
Cash ConversionOCF / Net Profit
0.88×
3.61×
TTM Free Cash FlowTrailing 4 quarters
$861.2M
$-71.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFIV
FFIV
POR
POR
Q4 25
$159.2M
$148.0M
Q3 25
$208.1M
$403.0M
Q2 25
$282.2M
$336.0M
Q1 25
$256.6M
$231.0M
Q4 24
$202.8M
$170.0M
Q3 24
$246.5M
$244.0M
Q2 24
$159.0M
$189.0M
Q1 24
$221.6M
$175.0M
Free Cash Flow
FFIV
FFIV
POR
POR
Q4 25
$149.5M
$-142.0M
Q3 25
$191.9M
$100.0M
Q2 25
$273.7M
$99.0M
Q1 25
$246.1M
$-128.0M
Q4 24
$194.7M
$-222.0M
Q3 24
$240.4M
$-9.0M
Q2 24
$153.1M
$-109.0M
Q1 24
$212.2M
$-150.0M
FCF Margin
FFIV
FFIV
POR
POR
Q4 25
18.2%
-16.0%
Q3 25
23.7%
10.5%
Q2 25
35.1%
12.3%
Q1 25
33.7%
-13.8%
Q4 24
25.4%
-26.9%
Q3 24
32.2%
-1.0%
Q2 24
22.0%
-14.4%
Q1 24
31.1%
-16.1%
Capex Intensity
FFIV
FFIV
POR
POR
Q4 25
1.2%
32.6%
Q3 25
2.0%
31.8%
Q2 25
1.1%
29.4%
Q1 25
1.4%
38.7%
Q4 24
1.1%
47.6%
Q3 24
0.8%
27.2%
Q2 24
0.8%
39.3%
Q1 24
1.4%
35.0%
Cash Conversion
FFIV
FFIV
POR
POR
Q4 25
0.88×
3.61×
Q3 25
1.09×
3.91×
Q2 25
1.49×
5.42×
Q1 25
1.76×
2.31×
Q4 24
1.22×
4.47×
Q3 24
1.49×
2.60×
Q2 24
1.10×
2.63×
Q1 24
1.86×
1.61×

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%

POR
POR

Other$507.0M57%
Commercial$231.0M26%
Industrial$140.0M16%
Direct Accesscustomers$11.0M1%

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