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

Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $811.7M, roughly 1.1× F5, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 18.2%, a 4.8% gap on every dollar of revenue. On growth, Primerica, Inc. posted the faster year-over-year revenue change (11.0% vs 11.0%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 7.2%).

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.

Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.

FFIV vs PRI — Head-to-Head

Bigger by revenue
PRI
PRI
1.1× larger
PRI
$853.7M
$811.7M
FFIV
Growing faster (revenue YoY)
PRI
PRI
+0.0% gap
PRI
11.0%
11.0%
FFIV
Higher net margin
PRI
PRI
4.8% more per $
PRI
23.1%
18.2%
FFIV
Faster 2-yr revenue CAGR
FFIV
FFIV
Annualised
FFIV
8.0%
7.2%
PRI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FFIV
FFIV
PRI
PRI
Revenue
$811.7M
$853.7M
Net Profit
$148.0M
$197.0M
Gross Margin
81.4%
Operating Margin
22.1%
28.9%
Net Margin
18.2%
23.1%
Revenue YoY
11.0%
11.0%
Net Profit YoY
1.5%
17.9%
EPS (diluted)
$2.58
$6.11

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
PRI
PRI
Q1 26
$811.7M
Q4 25
$822.5M
$853.7M
Q3 25
$810.1M
$839.9M
Q2 25
$780.4M
$793.3M
Q1 25
$731.1M
$804.8M
Q4 24
$766.5M
$768.8M
Q3 24
$746.7M
$774.1M
Q2 24
$695.5M
$803.4M
Net Profit
FFIV
FFIV
PRI
PRI
Q1 26
$148.0M
Q4 25
$180.1M
$197.0M
Q3 25
$190.5M
$206.8M
Q2 25
$189.9M
$178.3M
Q1 25
$145.5M
$169.1M
Q4 24
$166.4M
$167.1M
Q3 24
$165.3M
$164.4M
Q2 24
$144.1M
$1.2M
Gross Margin
FFIV
FFIV
PRI
PRI
Q1 26
81.4%
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%
98.0%
Operating Margin
FFIV
FFIV
PRI
PRI
Q1 26
22.1%
Q4 25
26.0%
28.9%
Q3 25
25.4%
32.3%
Q2 25
25.2%
29.6%
Q1 25
21.7%
27.5%
Q4 24
26.8%
64.7%
Q3 24
25.6%
32.9%
Q2 24
23.4%
1.0%
Net Margin
FFIV
FFIV
PRI
PRI
Q1 26
18.2%
Q4 25
21.9%
23.1%
Q3 25
23.5%
24.6%
Q2 25
24.3%
22.5%
Q1 25
19.9%
21.0%
Q4 24
21.7%
21.7%
Q3 24
22.1%
21.2%
Q2 24
20.7%
0.1%
EPS (diluted)
FFIV
FFIV
PRI
PRI
Q1 26
$2.58
Q4 25
$3.10
$6.11
Q3 25
$3.25
$6.35
Q2 25
$3.25
$5.40
Q1 25
$2.48
$5.05
Q4 24
$2.82
$4.92
Q3 24
$2.79
$4.83
Q2 24
$2.44
$0.03

Balance Sheet & Financial Strength

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

Metric
FFIV
FFIV
PRI
PRI
Cash + ST InvestmentsLiquidity on hand
$1.4B
$756.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.6B
$2.4B
Total Assets
$6.5B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFIV
FFIV
PRI
PRI
Q1 26
$1.4B
Q4 25
$1.2B
$756.2M
Q3 25
$1.3B
$644.9M
Q2 25
$1.4B
$621.2M
Q1 25
$1.3B
$625.1M
Q4 24
$1.2B
$687.8M
Q3 24
$1.1B
$550.1M
Q2 24
$935.6M
$627.3M
Stockholders' Equity
FFIV
FFIV
PRI
PRI
Q1 26
$3.6B
Q4 25
$3.5B
$2.4B
Q3 25
$3.6B
$2.3B
Q2 25
$3.5B
$2.3B
Q1 25
$3.3B
$2.3B
Q4 24
$3.2B
$2.3B
Q3 24
$3.1B
$1.9B
Q2 24
$3.0B
$2.1B
Total Assets
FFIV
FFIV
PRI
PRI
Q1 26
$6.5B
Q4 25
$6.3B
$15.0B
Q3 25
$6.3B
$14.8B
Q2 25
$6.1B
$14.8B
Q1 25
$5.9B
$14.6B
Q4 24
$5.9B
$14.6B
Q3 24
$5.6B
$14.8B
Q2 24
$5.4B
$14.6B

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
PRI
PRI
Operating Cash FlowLast quarter
$525.1M
$338.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
3.55×
1.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFIV
FFIV
PRI
PRI
Q1 26
$525.1M
Q4 25
$159.2M
$338.2M
Q3 25
$208.1M
$202.9M
Q2 25
$282.2M
$162.6M
Q1 25
$256.6M
$197.5M
Q4 24
$202.8M
$270.6M
Q3 24
$246.5M
$207.3M
Q2 24
$159.0M
$173.3M
Free Cash Flow
FFIV
FFIV
PRI
PRI
Q1 26
Q4 25
$149.5M
Q3 25
$191.9M
Q2 25
$273.7M
Q1 25
$246.1M
Q4 24
$194.7M
Q3 24
$240.4M
Q2 24
$153.1M
FCF Margin
FFIV
FFIV
PRI
PRI
Q1 26
Q4 25
18.2%
Q3 25
23.7%
Q2 25
35.1%
Q1 25
33.7%
Q4 24
25.4%
Q3 24
32.2%
Q2 24
22.0%
Capex Intensity
FFIV
FFIV
PRI
PRI
Q1 26
Q4 25
1.2%
Q3 25
2.0%
Q2 25
1.1%
Q1 25
1.4%
Q4 24
1.1%
Q3 24
0.8%
Q2 24
0.8%
Cash Conversion
FFIV
FFIV
PRI
PRI
Q1 26
3.55×
Q4 25
0.88×
1.72×
Q3 25
1.09×
0.98×
Q2 25
1.49×
0.91×
Q1 25
1.76×
1.17×
Q4 24
1.22×
1.62×
Q3 24
1.49×
1.26×
Q2 24
1.10×
147.98×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FFIV
FFIV

Segment breakdown not available.

PRI
PRI

Revenues From Sources Other Than Contracts With Customers$445.9M52%
Investment And Savings Products Segment Revenues$340.3M40%
Other$56.5M7%
Segment Revenues From Contracts With Customers$11.0M1%

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