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Side-by-side financial comparison of F5, Inc. (FFIV) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $822.5M, roughly 1.7× F5, Inc.). F5, Inc. runs the higher net margin — 21.9% vs 3.1%, a 18.7% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (7.3% vs 2.6%). SEALED AIR CORP produced more free cash flow last quarter ($257.7M vs $149.5M). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
FFIV vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $1.4B |
| Net Profit | $180.1M | $43.8M |
| Gross Margin | 81.5% | 28.6% |
| Operating Margin | 26.0% | 11.4% |
| Net Margin | 21.9% | 3.1% |
| Revenue YoY | 7.3% | 2.6% |
| Net Profit YoY | 8.2% | 700.0% |
| EPS (diluted) | $3.10 | $0.30 |
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 | $1.4B | ||
| Q3 25 | $810.1M | $1.3B | ||
| Q2 25 | $780.4M | $1.3B | ||
| Q1 25 | $731.1M | $1.3B | ||
| Q4 24 | $766.5M | $1.4B | ||
| Q3 24 | $746.7M | $1.3B | ||
| Q2 24 | $695.5M | $1.3B | ||
| Q1 24 | $681.4M | $1.3B |
| Q4 25 | $180.1M | $43.8M | ||
| Q3 25 | $190.5M | $255.1M | ||
| Q2 25 | $189.9M | $93.1M | ||
| Q1 25 | $145.5M | $113.5M | ||
| Q4 24 | $166.4M | $-7.3M | ||
| Q3 24 | $165.3M | $91.7M | ||
| Q2 24 | $144.1M | $98.3M | ||
| Q1 24 | $119.0M | $82.0M |
| Q4 25 | 81.5% | 28.6% | ||
| Q3 25 | 82.2% | 29.8% | ||
| Q2 25 | 81.0% | 30.7% | ||
| Q1 25 | 80.7% | 30.9% | ||
| Q4 24 | 81.7% | 30.0% | ||
| Q3 24 | 80.8% | 30.1% | ||
| Q2 24 | 80.4% | 31.2% | ||
| Q1 24 | 79.3% | 30.3% |
| Q4 25 | 26.0% | 11.4% | ||
| Q3 25 | 25.4% | 13.8% | ||
| Q2 25 | 25.2% | 15.0% | ||
| Q1 25 | 21.7% | 14.5% | ||
| Q4 24 | 26.8% | 11.7% | ||
| Q3 24 | 25.6% | 13.9% | ||
| Q2 24 | 23.4% | 15.4% | ||
| Q1 24 | 20.5% | 14.0% |
| Q4 25 | 21.9% | 3.1% | ||
| Q3 25 | 23.5% | 19.0% | ||
| Q2 25 | 24.3% | 7.0% | ||
| Q1 25 | 19.9% | 9.0% | ||
| Q4 24 | 21.7% | -0.5% | ||
| Q3 24 | 22.1% | 6.9% | ||
| Q2 24 | 20.7% | 7.4% | ||
| Q1 24 | 17.5% | 6.2% |
| Q4 25 | $3.10 | $0.30 | ||
| Q3 25 | $3.25 | $1.73 | ||
| Q2 25 | $3.25 | $0.63 | ||
| Q1 25 | $2.48 | $0.77 | ||
| Q4 24 | $2.82 | $-0.05 | ||
| Q3 24 | $2.79 | $0.63 | ||
| Q2 24 | $2.44 | $0.67 | ||
| Q1 24 | $2.00 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | — | $3.3B |
| Stockholders' EquityBook value | $3.5B | $1.2B |
| Total Assets | $6.3B | $7.0B |
| Debt / EquityLower = less leverage | — | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $344.0M | ||
| Q3 25 | $1.3B | $282.5M | ||
| Q2 25 | $1.4B | $354.4M | ||
| Q1 25 | $1.3B | $335.2M | ||
| Q4 24 | $1.2B | $371.8M | ||
| Q3 24 | $1.1B | $386.0M | ||
| Q2 24 | $935.6M | $388.6M | ||
| Q1 24 | $903.5M | $352.8M |
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $4.0B | ||
| Q2 25 | — | $4.0B | ||
| Q1 25 | — | $4.2B | ||
| Q4 24 | — | $4.2B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $3.5B | $1.2B | ||
| Q3 25 | $3.6B | $1.2B | ||
| Q2 25 | $3.5B | $953.1M | ||
| Q1 25 | $3.3B | $797.9M | ||
| Q4 24 | $3.2B | $624.5M | ||
| Q3 24 | $3.1B | $771.2M | ||
| Q2 24 | $3.0B | $650.1M | ||
| Q1 24 | $2.9B | $598.3M |
| Q4 25 | $6.3B | $7.0B | ||
| Q3 25 | $6.3B | $7.1B | ||
| Q2 25 | $6.1B | $7.2B | ||
| Q1 25 | $5.9B | $7.0B | ||
| Q4 24 | $5.9B | $7.0B | ||
| Q3 24 | $5.6B | $7.3B | ||
| Q2 24 | $5.4B | $7.3B | ||
| Q1 24 | $5.4B | $7.2B |
| Q4 25 | — | 2.65× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | 4.18× | ||
| Q1 25 | — | 5.26× | ||
| Q4 24 | — | 6.72× | ||
| Q3 24 | — | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | $149.5M | $257.7M |
| FCF MarginFCF / Revenue | 18.2% | 18.5% |
| Capex IntensityCapex / Revenue | 1.2% | 2.6% |
| Cash ConversionOCF / Net Profit | 0.88× | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | $293.6M | ||
| Q3 25 | $208.1M | $165.9M | ||
| Q2 25 | $282.2M | $136.6M | ||
| Q1 25 | $256.6M | $31.9M | ||
| Q4 24 | $202.8M | $244.2M | ||
| Q3 24 | $246.5M | $170.5M | ||
| Q2 24 | $159.0M | $188.2M | ||
| Q1 24 | $221.6M | $125.1M |
| Q4 25 | $149.5M | $257.7M | ||
| Q3 25 | $191.9M | $119.6M | ||
| Q2 25 | $273.7M | $93.2M | ||
| Q1 25 | $246.1M | $-12.0M | ||
| Q4 24 | $194.7M | $185.1M | ||
| Q3 24 | $240.4M | $115.2M | ||
| Q2 24 | $153.1M | $129.5M | ||
| Q1 24 | $212.2M | $78.0M |
| Q4 25 | 18.2% | 18.5% | ||
| Q3 25 | 23.7% | 8.9% | ||
| Q2 25 | 35.1% | 7.0% | ||
| Q1 25 | 33.7% | -0.9% | ||
| Q4 24 | 25.4% | 13.6% | ||
| Q3 24 | 32.2% | 8.6% | ||
| Q2 24 | 22.0% | 9.7% | ||
| Q1 24 | 31.1% | 5.9% |
| Q4 25 | 1.2% | 2.6% | ||
| Q3 25 | 2.0% | 3.4% | ||
| Q2 25 | 1.1% | 3.3% | ||
| Q1 25 | 1.4% | 3.5% | ||
| Q4 24 | 1.1% | 4.4% | ||
| Q3 24 | 0.8% | 4.1% | ||
| Q2 24 | 0.8% | 4.4% | ||
| Q1 24 | 1.4% | 3.6% |
| Q4 25 | 0.88× | 6.70× | ||
| Q3 25 | 1.09× | 0.65× | ||
| Q2 25 | 1.49× | 1.47× | ||
| Q1 25 | 1.76× | 0.28× | ||
| Q4 24 | 1.22× | — | ||
| Q3 24 | 1.49× | 1.86× | ||
| Q2 24 | 1.10× | 1.91× | ||
| Q1 24 | 1.86× | 1.53× |
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% |
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
