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Side-by-side financial comparison of Five9, Inc. (FIVN) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

Five9, Inc. is the larger business by last-quarter revenue ($300.3M vs $187.7M, roughly 1.6× MARTIN MIDSTREAM PARTNERS L.P.). On growth, Five9, Inc. posted the faster year-over-year revenue change (7.8% vs -2.5%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $-6.0M). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% CAGR vs 0.8%).

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

FIVN vs MMLP — Head-to-Head

Bigger by revenue
FIVN
FIVN
1.6× larger
FIVN
$300.3M
$187.7M
MMLP
Growing faster (revenue YoY)
FIVN
FIVN
+10.3% gap
FIVN
7.8%
-2.5%
MMLP
More free cash flow
FIVN
FIVN
$83.3M more FCF
FIVN
$77.3M
$-6.0M
MMLP
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
0.8%
MMLP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FIVN
FIVN
MMLP
MMLP
Revenue
$300.3M
$187.7M
Net Profit
$3.2M
Gross Margin
55.4%
Operating Margin
6.6%
4.1%
Net Margin
1.7%
Revenue YoY
7.8%
-2.5%
Net Profit YoY
-37.1%
EPS (diluted)
$0.22

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
FIVN
FIVN
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$300.3M
$174.2M
Q3 25
$285.8M
$168.7M
Q2 25
$283.3M
$180.7M
Q1 25
$279.7M
$192.5M
Q4 24
$278.7M
$171.3M
Q3 24
$264.2M
$170.9M
Q2 24
$252.1M
$184.5M
Net Profit
FIVN
FIVN
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$-2.9M
Q3 25
$18.0M
$-8.4M
Q2 25
$1.2M
$-2.4M
Q1 25
$576.0K
$-1.0M
Q4 24
$-8.9M
Q3 24
$-4.5M
$-3.3M
Q2 24
$-12.8M
$3.8M
Gross Margin
FIVN
FIVN
MMLP
MMLP
Q1 26
Q4 25
55.4%
57.1%
Q3 25
55.0%
55.1%
Q2 25
54.9%
56.5%
Q1 25
55.0%
53.5%
Q4 24
56.0%
58.2%
Q3 24
53.8%
58.5%
Q2 24
53.0%
58.4%
Operating Margin
FIVN
FIVN
MMLP
MMLP
Q1 26
4.1%
Q4 25
6.6%
7.3%
Q3 25
5.6%
4.1%
Q2 25
-0.6%
8.2%
Q1 25
-1.9%
7.5%
Q4 24
1.5%
4.0%
Q3 24
-5.8%
7.4%
Q2 24
-7.7%
10.8%
Net Margin
FIVN
FIVN
MMLP
MMLP
Q1 26
1.7%
Q4 25
-1.7%
Q3 25
6.3%
-5.0%
Q2 25
0.4%
-1.3%
Q1 25
0.2%
-0.5%
Q4 24
-5.2%
Q3 24
-1.7%
-1.9%
Q2 24
-5.1%
2.0%
EPS (diluted)
FIVN
FIVN
MMLP
MMLP
Q1 26
Q4 25
$0.22
Q3 25
$0.21
Q2 25
$0.01
Q1 25
$0.01
Q4 24
$0.16
Q3 24
$-0.06
Q2 24
$-0.17

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
$232.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$785.8M
Total Assets
$1.8B
$537.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
MMLP
MMLP
Q1 26
Q4 25
$232.1M
Q3 25
$193.4M
Q2 25
$205.5M
Q1 25
$370.3M
Q4 24
$362.5M
Q3 24
$291.0M
Q2 24
$175.7M
Total Debt
FIVN
FIVN
MMLP
MMLP
Q1 26
Q4 25
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
FIVN
FIVN
MMLP
MMLP
Q1 26
Q4 25
$785.8M
Q3 25
$775.3M
Q2 25
$717.4M
Q1 25
$664.3M
Q4 24
$622.2M
Q3 24
$565.6M
Q2 24
$525.9M
Total Assets
FIVN
FIVN
MMLP
MMLP
Q1 26
$537.1M
Q4 25
$1.8B
$522.4M
Q3 25
$1.8B
$510.1M
Q2 25
$1.7B
$515.6M
Q1 25
$2.1B
$533.4M
Q4 24
$2.1B
$538.5M
Q3 24
$2.0B
$554.8M
Q2 24
$1.9B
$535.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIVN
FIVN
MMLP
MMLP
Operating Cash FlowLast quarter
$83.6M
Free Cash FlowOCF − Capex
$77.3M
$-6.0M
FCF MarginFCF / Revenue
25.8%
-3.2%
Capex IntensityCapex / Revenue
2.1%
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$201.2M
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
MMLP
MMLP
Q1 26
Q4 25
$83.6M
$22.4M
Q3 25
$59.2M
$-1.2M
Q2 25
$35.1M
$30.9M
Q1 25
$48.4M
$-6.0M
Q4 24
$49.8M
$42.2M
Q3 24
$41.1M
$-15.8M
Q2 24
$19.9M
$11.8M
Free Cash Flow
FIVN
FIVN
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$77.3M
$15.6M
Q3 25
$48.7M
$-7.9M
Q2 25
$31.6M
$25.6M
Q1 25
$43.7M
$-11.9M
Q4 24
$40.5M
$34.2M
Q3 24
$26.7M
$-25.6M
Q2 24
$13.1M
$-696.0K
FCF Margin
FIVN
FIVN
MMLP
MMLP
Q1 26
-3.2%
Q4 25
25.8%
8.9%
Q3 25
17.0%
-4.7%
Q2 25
11.1%
14.2%
Q1 25
15.6%
-6.2%
Q4 24
14.5%
20.0%
Q3 24
10.1%
-15.0%
Q2 24
5.2%
-0.4%
Capex Intensity
FIVN
FIVN
MMLP
MMLP
Q1 26
1.6%
Q4 25
2.1%
3.9%
Q3 25
3.7%
4.0%
Q2 25
1.2%
3.0%
Q1 25
1.7%
3.1%
Q4 24
3.3%
4.6%
Q3 24
5.4%
5.8%
Q2 24
2.7%
6.8%
Cash Conversion
FIVN
FIVN
MMLP
MMLP
Q1 26
Q4 25
Q3 25
3.29×
Q2 25
30.38×
Q1 25
84.00×
Q4 24
Q3 24
Q2 24
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIVN
FIVN

Segment breakdown not available.

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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