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Side-by-side financial comparison of F5, Inc. (FFIV) and TRINITY INDUSTRIES INC (TRN). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($822.5M vs $611.2M, roughly 1.3× TRINITY INDUSTRIES INC). TRINITY INDUSTRIES INC runs the higher net margin — 31.8% vs 21.9%, a 9.9% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (7.3% vs -2.9%). TRINITY INDUSTRIES INC produced more free cash flow last quarter ($158.6M vs $149.5M). Over the past eight quarters, F5, Inc.'s revenue compounded faster (9.9% CAGR vs -13.1%).
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.
Trinity Industries Inc. is an American industrial corporation that owns a variety of businesses which provide products and services to the industrial, energy, transportation and construction sectors.
FFIV vs TRN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $611.2M |
| Net Profit | $180.1M | $194.2M |
| Gross Margin | 81.5% | 25.5% |
| Operating Margin | 26.0% | 54.9% |
| Net Margin | 21.9% | 31.8% |
| Revenue YoY | 7.3% | -2.9% |
| Net Profit YoY | 8.2% | 413.8% |
| EPS (diluted) | $3.10 | $2.25 |
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 | $611.2M | ||
| Q3 25 | $810.1M | $454.1M | ||
| Q2 25 | $780.4M | $506.2M | ||
| Q1 25 | $731.1M | $585.4M | ||
| Q4 24 | $766.5M | $629.4M | ||
| Q3 24 | $746.7M | $798.8M | ||
| Q2 24 | $695.5M | $841.4M | ||
| Q1 24 | $681.4M | $809.6M |
| Q4 25 | $180.1M | $194.2M | ||
| Q3 25 | $190.5M | $30.3M | ||
| Q2 25 | $189.9M | $14.1M | ||
| Q1 25 | $145.5M | $22.1M | ||
| Q4 24 | $166.4M | $37.8M | ||
| Q3 24 | $165.3M | $31.4M | ||
| Q2 24 | $144.1M | $54.4M | ||
| Q1 24 | $119.0M | $23.7M |
| Q4 25 | 81.5% | 25.5% | ||
| Q3 25 | 82.2% | 31.1% | ||
| Q2 25 | 81.0% | 26.4% | ||
| Q1 25 | 80.7% | 24.3% | ||
| Q4 24 | 81.7% | 24.6% | ||
| Q3 24 | 80.8% | 21.2% | ||
| Q2 24 | 80.4% | 21.3% | ||
| Q1 24 | 79.3% | 20.3% |
| Q4 25 | 26.0% | 54.9% | ||
| Q3 25 | 25.4% | 26.1% | ||
| Q2 25 | 25.2% | 18.8% | ||
| Q1 25 | 21.7% | 17.0% | ||
| Q4 24 | 26.8% | 17.8% | ||
| Q3 24 | 25.6% | 15.3% | ||
| Q2 24 | 23.4% | 16.9% | ||
| Q1 24 | 20.5% | 14.2% |
| Q4 25 | 21.9% | 31.8% | ||
| Q3 25 | 23.5% | 6.7% | ||
| Q2 25 | 24.3% | 2.8% | ||
| Q1 25 | 19.9% | 3.8% | ||
| Q4 24 | 21.7% | 6.0% | ||
| Q3 24 | 22.1% | 3.9% | ||
| Q2 24 | 20.7% | 6.5% | ||
| Q1 24 | 17.5% | 2.9% |
| Q4 25 | $3.10 | $2.25 | ||
| Q3 25 | $3.25 | $0.37 | ||
| Q2 25 | $3.25 | $0.17 | ||
| Q1 25 | $2.48 | $0.26 | ||
| Q4 24 | $2.82 | $0.34 | ||
| Q3 24 | $2.79 | $0.37 | ||
| Q2 24 | $2.44 | $0.65 | ||
| Q1 24 | $2.00 | $0.28 |
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 | $201.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $1.1B |
| Total Assets | $6.3B | $8.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | $201.3M | ||
| Q3 25 | $1.3B | $66.3M | ||
| Q2 25 | $1.4B | $147.7M | ||
| Q1 25 | $1.3B | $94.9M | ||
| Q4 24 | $1.2B | $228.2M | ||
| Q3 24 | $1.1B | $222.4M | ||
| Q2 24 | $935.6M | $257.1M | ||
| Q1 24 | $903.5M | $118.8M |
| Q4 25 | $3.5B | $1.1B | ||
| Q3 25 | $3.6B | $1.0B | ||
| Q2 25 | $3.5B | $1.0B | ||
| Q1 25 | $3.3B | $1.1B | ||
| Q4 24 | $3.2B | $1.1B | ||
| Q3 24 | $3.1B | $1.1B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $2.9B | $1.0B |
| Q4 25 | $6.3B | $8.4B | ||
| Q3 25 | $6.3B | $8.9B | ||
| Q2 25 | $6.1B | $8.8B | ||
| Q1 25 | $5.9B | $8.7B | ||
| Q4 24 | $5.9B | $8.8B | ||
| Q3 24 | $5.6B | $8.8B | ||
| Q2 24 | $5.4B | $9.0B | ||
| Q1 24 | $5.4B | $9.1B |
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 | $177.4M |
| Free Cash FlowOCF − Capex | $149.5M | $158.6M |
| FCF MarginFCF / Revenue | 18.2% | 25.9% |
| Capex IntensityCapex / Revenue | 1.2% | 3.1% |
| Cash ConversionOCF / Net Profit | 0.88× | 0.91× |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | $314.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | $177.4M | ||
| Q3 25 | $208.1M | $44.2M | ||
| Q2 25 | $282.2M | $61.6M | ||
| Q1 25 | $256.6M | $76.5M | ||
| Q4 24 | $202.8M | $201.6M | ||
| Q3 24 | $246.5M | $78.5M | ||
| Q2 24 | $159.0M | $241.5M | ||
| Q1 24 | $221.6M | $52.2M |
| Q4 25 | $149.5M | $158.6M | ||
| Q3 25 | $191.9M | $35.3M | ||
| Q2 25 | $273.7M | $52.9M | ||
| Q1 25 | $246.1M | $67.3M | ||
| Q4 24 | $194.7M | $180.1M | ||
| Q3 24 | $240.4M | $62.1M | ||
| Q2 24 | $153.1M | $230.2M | ||
| Q1 24 | $212.2M | $47.6M |
| Q4 25 | 18.2% | 25.9% | ||
| Q3 25 | 23.7% | 7.8% | ||
| Q2 25 | 35.1% | 10.5% | ||
| Q1 25 | 33.7% | 11.5% | ||
| Q4 24 | 25.4% | 28.6% | ||
| Q3 24 | 32.2% | 7.8% | ||
| Q2 24 | 22.0% | 27.4% | ||
| Q1 24 | 31.1% | 5.9% |
| Q4 25 | 1.2% | 3.1% | ||
| Q3 25 | 2.0% | 2.0% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 1.4% | 1.6% | ||
| Q4 24 | 1.1% | 3.4% | ||
| Q3 24 | 0.8% | 2.1% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 1.4% | 0.6% |
| Q4 25 | 0.88× | 0.91× | ||
| Q3 25 | 1.09× | 1.46× | ||
| Q2 25 | 1.49× | 4.37× | ||
| Q1 25 | 1.76× | 3.46× | ||
| Q4 24 | 1.22× | 5.33× | ||
| Q3 24 | 1.49× | 2.50× | ||
| Q2 24 | 1.10× | 4.44× | ||
| Q1 24 | 1.86× | 2.20× |
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% |
TRN
| Manufacturing | $296.5M | 49% |
| Leasing And Management | $234.8M | 38% |
| Maintenance Services Domain | $69.8M | 11% |
| Digital Logistics Services | $11.2M | 2% |
