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Side-by-side financial comparison of F5, Inc. (FFIV) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
F5, Inc. is the larger business by last-quarter revenue ($811.7M vs $490.7M, roughly 1.7× OLYMPIC STEEL INC). F5, Inc. runs the higher net margin — 18.2% vs 0.4%, a 17.8% gap on every dollar of revenue. On growth, F5, Inc. posted the faster year-over-year revenue change (11.0% vs 4.4%). Over the past eight quarters, F5, Inc.'s revenue compounded faster (8.0% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
FFIV vs ZEUS — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $811.7M | $490.7M |
| Net Profit | $148.0M | $2.2M |
| Gross Margin | 81.4% | — |
| Operating Margin | 22.1% | 1.5% |
| Net Margin | 18.2% | 0.4% |
| Revenue YoY | 11.0% | 4.4% |
| Net Profit YoY | 1.5% | -21.2% |
| EPS (diluted) | $2.58 | $0.18 |
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 | — | ||
| Q3 25 | $810.1M | $490.7M | ||
| Q2 25 | $780.4M | $496.5M | ||
| Q1 25 | $731.1M | $492.9M | ||
| Q4 24 | $766.5M | $418.8M | ||
| Q3 24 | $746.7M | $470.0M | ||
| Q2 24 | $695.5M | $526.3M |
| Q1 26 | $148.0M | — | ||
| Q4 25 | $180.1M | — | ||
| Q3 25 | $190.5M | $2.2M | ||
| Q2 25 | $189.9M | $5.2M | ||
| Q1 25 | $145.5M | $2.5M | ||
| Q4 24 | $166.4M | $3.9M | ||
| Q3 24 | $165.3M | $2.7M | ||
| Q2 24 | $144.1M | $7.7M |
| 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% | — | ||
| Q3 25 | 25.4% | 1.5% | ||
| Q2 25 | 25.2% | 2.3% | ||
| Q1 25 | 21.7% | 1.6% | ||
| Q4 24 | 26.8% | 2.1% | ||
| Q3 24 | 25.6% | 1.7% | ||
| Q2 24 | 23.4% | 2.9% |
| Q1 26 | 18.2% | — | ||
| Q4 25 | 21.9% | — | ||
| Q3 25 | 23.5% | 0.4% | ||
| Q2 25 | 24.3% | 1.1% | ||
| Q1 25 | 19.9% | 0.5% | ||
| Q4 24 | 21.7% | 0.9% | ||
| Q3 24 | 22.1% | 0.6% | ||
| Q2 24 | 20.7% | 1.5% |
| Q1 26 | $2.58 | — | ||
| Q4 25 | $3.10 | — | ||
| Q3 25 | $3.25 | $0.18 | ||
| Q2 25 | $3.25 | $0.45 | ||
| Q1 25 | $2.48 | $0.21 | ||
| Q4 24 | $2.82 | $0.33 | ||
| Q3 24 | $2.79 | $0.23 | ||
| Q2 24 | $2.44 | $0.66 |
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 | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $3.6B | $579.1M |
| Total Assets | $6.5B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | $7.5M | ||
| Q2 25 | $1.4B | $14.8M | ||
| Q1 25 | $1.3B | $13.3M | ||
| Q4 24 | $1.2B | $11.9M | ||
| Q3 24 | $1.1B | $11.1M | ||
| Q2 24 | $935.6M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.5B | — | ||
| Q3 25 | $3.6B | $579.1M | ||
| Q2 25 | $3.5B | $578.2M | ||
| Q1 25 | $3.3B | $574.2M | ||
| Q4 24 | $3.2B | $573.9M | ||
| Q3 24 | $3.1B | $570.6M | ||
| Q2 24 | $3.0B | $569.5M |
| Q1 26 | $6.5B | — | ||
| Q4 25 | $6.3B | — | ||
| Q3 25 | $6.3B | $1.1B | ||
| Q2 25 | $6.1B | $1.1B | ||
| Q1 25 | $5.9B | $1.1B | ||
| Q4 24 | $5.9B | $1.0B | ||
| Q3 24 | $5.6B | $1.0B | ||
| Q2 24 | $5.4B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| Q2 24 | — | 0.37× |
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 | $-5.4M |
| Free Cash FlowOCF − Capex | — | $-12.9M |
| FCF MarginFCF / Revenue | — | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | 3.55× | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $525.1M | — | ||
| Q4 25 | $159.2M | — | ||
| Q3 25 | $208.1M | $-5.4M | ||
| Q2 25 | $282.2M | $15.5M | ||
| Q1 25 | $256.6M | $49.4M | ||
| Q4 24 | $202.8M | $14.6M | ||
| Q3 24 | $246.5M | $24.6M | ||
| Q2 24 | $159.0M | $-2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $149.5M | — | ||
| Q3 25 | $191.9M | $-12.9M | ||
| Q2 25 | $273.7M | $6.8M | ||
| Q1 25 | $246.1M | $40.6M | ||
| Q4 24 | $194.7M | $7.4M | ||
| Q3 24 | $240.4M | $15.6M | ||
| Q2 24 | $153.1M | $-11.3M |
| Q1 26 | — | — | ||
| Q4 25 | 18.2% | — | ||
| Q3 25 | 23.7% | -2.6% | ||
| Q2 25 | 35.1% | 1.4% | ||
| Q1 25 | 33.7% | 8.2% | ||
| Q4 24 | 25.4% | 1.8% | ||
| Q3 24 | 32.2% | 3.3% | ||
| Q2 24 | 22.0% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 2.0% | 1.5% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 1.4% | 1.8% | ||
| Q4 24 | 1.1% | 1.7% | ||
| Q3 24 | 0.8% | 1.9% | ||
| Q2 24 | 0.8% | 1.6% |
| Q1 26 | 3.55× | — | ||
| Q4 25 | 0.88× | — | ||
| Q3 25 | 1.09× | -2.50× | ||
| Q2 25 | 1.49× | 2.96× | ||
| Q1 25 | 1.76× | 19.70× | ||
| Q4 24 | 1.22× | 3.75× | ||
| Q3 24 | 1.49× | 9.01× | ||
| Q2 24 | 1.10× | -0.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
Segment breakdown not available.
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
