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Side-by-side financial comparison of F5, Inc. (FFIV) and RXO, Inc. (RXO). Click either name above to swap in a different company.
RXO, Inc. is the larger business by last-quarter revenue ($1.5B vs $811.7M, roughly 1.8× F5, Inc.). F5, Inc. runs the higher net margin — 18.2% vs -3.1%, a 21.4% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs -11.9%). Over the past eight quarters, RXO, Inc.'s revenue compounded faster (26.8% CAGR vs 8.0%).
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.
RXO, Inc. is a leading transportation and logistics solutions provider headquartered in the United States. Its core service portfolio includes freight brokerage, last-mile delivery for heavy and bulky goods, managed transportation services, and end-to-end supply chain optimization support, primarily catering to clients across the North American manufacturing, retail, and e-commerce segments.
FFIV vs RXO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $1.5B |
| Net Profit | $148.0M | $-46.0M |
| Gross Margin | 81.4% | — |
| Operating Margin | 22.1% | -2.9% |
| Net Margin | 18.2% | -3.1% |
| Revenue YoY | 11.0% | -11.9% |
| Net Profit YoY | 1.5% | -84.0% |
| EPS (diluted) | $2.58 | $-0.28 |
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 | $1.5B | ||
| Q3 25 | $810.1M | $1.4B | ||
| Q2 25 | $780.4M | $1.4B | ||
| Q1 25 | $731.1M | $1.4B | ||
| Q4 24 | $766.5M | $1.7B | ||
| Q3 24 | $746.7M | $1.0B | ||
| Q2 24 | $695.5M | $930.0M |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | $-46.0M | ||
| Q3 25 | $190.5M | $-14.0M | ||
| Q2 25 | $189.9M | $-9.0M | ||
| Q1 25 | $145.5M | $-31.0M | ||
| Q4 24 | $166.4M | $-25.0M | ||
| Q3 24 | $165.3M | $-243.0M | ||
| Q2 24 | $144.1M | $-7.0M |
| 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% | — |
| Q1 26 | 22.1% | — | ||
| Q4 25 | 26.0% | -2.9% | ||
| Q3 25 | 25.4% | -0.5% | ||
| Q2 25 | 25.2% | — | ||
| Q1 25 | 21.7% | -2.1% | ||
| Q4 24 | 26.8% | -1.4% | ||
| Q3 24 | 25.6% | -1.9% | ||
| Q2 24 | 23.4% | — |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | -3.1% | ||
| Q3 25 | 23.5% | -1.0% | ||
| Q2 25 | 24.3% | -0.6% | ||
| Q1 25 | 19.9% | -2.2% | ||
| Q4 24 | 21.7% | -1.5% | ||
| Q3 24 | 22.1% | -23.4% | ||
| Q2 24 | 20.7% | -0.8% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | $-0.28 | ||
| Q3 25 | $3.25 | $-0.08 | ||
| Q2 25 | $3.25 | $-0.05 | ||
| Q1 25 | $2.48 | $-0.18 | ||
| Q4 24 | $2.82 | $-0.17 | ||
| Q3 24 | $2.79 | $-1.81 | ||
| Q2 24 | $2.44 | $-0.06 |
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 | $17.0M |
| Total DebtLower is stronger | — | $387.0M |
| Stockholders' EquityBook value | $3.6B | $1.5B |
| Total Assets | $6.5B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | $17.0M | ||
| Q3 25 | $1.3B | $25.0M | ||
| Q2 25 | $1.4B | $18.0M | ||
| Q1 25 | $1.3B | $16.0M | ||
| Q4 24 | $1.2B | $35.0M | ||
| Q3 24 | $1.1B | $55.0M | ||
| Q2 24 | $935.6M | $7.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $387.0M | ||
| Q3 25 | — | $387.0M | ||
| Q2 25 | — | $387.0M | ||
| Q1 25 | — | $387.0M | ||
| Q4 24 | — | $351.0M | ||
| Q3 24 | — | $352.0M | ||
| Q2 24 | — | $370.0M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | $1.5B | ||
| Q3 25 | $3.6B | $1.6B | ||
| Q2 25 | $3.5B | $1.6B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.2B | $1.6B | ||
| Q3 24 | $3.1B | $1.7B | ||
| Q2 24 | $3.0B | $579.0M |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | $3.3B | ||
| Q3 25 | $6.3B | $3.2B | ||
| Q2 25 | $6.1B | $3.2B | ||
| Q1 25 | $5.9B | $3.3B | ||
| Q4 24 | $5.9B | $3.4B | ||
| Q3 24 | $5.6B | $3.4B | ||
| Q2 24 | $5.4B | $1.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.24× | ||
| Q4 24 | — | 0.22× | ||
| Q3 24 | — | 0.21× | ||
| Q2 24 | — | 0.64× |
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 | $7.0M |
| Free Cash FlowOCF − Capex | — | $-9.0M |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 1.1% |
| Cash ConversionOCF / Net Profit | 3.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-8.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | $7.0M | ||
| Q3 25 | $208.1M | $23.0M | ||
| Q2 25 | $282.2M | $23.0M | ||
| Q1 25 | $256.6M | $-2.0M | ||
| Q4 24 | $202.8M | $-7.0M | ||
| Q3 24 | $246.5M | $-7.0M | ||
| Q2 24 | $159.0M | $-5.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | $-9.0M | ||
| Q3 25 | $191.9M | $9.0M | ||
| Q2 25 | $273.7M | $9.0M | ||
| Q1 25 | $246.1M | $-17.0M | ||
| Q4 24 | $194.7M | $-19.0M | ||
| Q3 24 | $240.4M | $-18.0M | ||
| Q2 24 | $153.1M | $-16.0M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | -0.6% | ||
| Q3 25 | 23.7% | 0.6% | ||
| Q2 25 | 35.1% | 0.6% | ||
| Q1 25 | 33.7% | -1.2% | ||
| Q4 24 | 25.4% | -1.1% | ||
| Q3 24 | 32.2% | -1.7% | ||
| Q2 24 | 22.0% | -1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | 1.1% | ||
| Q3 25 | 2.0% | 1.0% | ||
| Q2 25 | 1.1% | 1.0% | ||
| Q1 25 | 1.4% | 1.0% | ||
| Q4 24 | 1.1% | 0.7% | ||
| Q3 24 | 0.8% | 1.1% | ||
| Q2 24 | 0.8% | 1.2% |
| Q1 26 | 3.55× | — | ||
| 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× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
Segment breakdown not available.
RXO
| Retail Sector | $546.0M | 37% |
| Last Mile | $298.0M | 20% |
| Food And Beverage Sector | $225.0M | 15% |
| Other Sector | $185.0M | 13% |
| Managed Transportation | $133.0M | 9% |
| Automotive Sector | $93.0M | 6% |
