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Side-by-side financial comparison of Five9, Inc. (FIVN) and VORNADO REALTY TRUST (VNO). Click either name above to swap in a different company.

VORNADO REALTY TRUST is the larger business by last-quarter revenue ($459.1M vs $300.3M, roughly 1.5× Five9, Inc.). On growth, Five9, Inc. posted the faster year-over-year revenue change (7.8% vs -0.5%). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% CAGR vs 1.0%).

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.

Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

FIVN vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.5× larger
VNO
$459.1M
$300.3M
FIVN
Growing faster (revenue YoY)
FIVN
FIVN
+8.3% gap
FIVN
7.8%
-0.5%
VNO
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
1.0%
VNO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FIVN
FIVN
VNO
VNO
Revenue
$300.3M
$459.1M
Net Profit
$-22.8M
Gross Margin
55.4%
Operating Margin
6.6%
Net Margin
-5.0%
Revenue YoY
7.8%
-0.5%
Net Profit YoY
689.3%
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
VNO
VNO
Q1 26
$459.1M
Q4 25
$300.3M
$453.7M
Q3 25
$285.8M
$453.7M
Q2 25
$283.3M
$441.4M
Q1 25
$279.7M
$461.6M
Q4 24
$278.7M
$457.8M
Q3 24
$264.2M
$443.3M
Q2 24
$252.1M
$450.3M
Net Profit
FIVN
FIVN
VNO
VNO
Q1 26
$-22.8M
Q4 25
$4.9M
Q3 25
$18.0M
$27.1M
Q2 25
$1.2M
$759.3M
Q1 25
$576.0K
$102.4M
Q4 24
$5.8M
Q3 24
$-4.5M
$-3.6M
Q2 24
$-12.8M
$50.8M
Gross Margin
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
55.4%
Q3 25
55.0%
Q2 25
54.9%
Q1 25
55.0%
Q4 24
56.0%
Q3 24
53.8%
Q2 24
53.0%
Operating Margin
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
6.6%
2.8%
Q3 25
5.6%
3.0%
Q2 25
-0.6%
Q1 25
-1.9%
23.2%
Q4 24
1.5%
2.5%
Q3 24
-5.8%
-3.3%
Q2 24
-7.7%
10.1%
Net Margin
FIVN
FIVN
VNO
VNO
Q1 26
-5.0%
Q4 25
1.1%
Q3 25
6.3%
6.0%
Q2 25
0.4%
172.0%
Q1 25
0.2%
22.2%
Q4 24
1.3%
Q3 24
-1.7%
-0.8%
Q2 24
-5.1%
11.3%
EPS (diluted)
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
$0.22
$0.01
Q3 25
$0.21
$0.06
Q2 25
$0.01
$3.70
Q1 25
$0.01
$0.43
Q4 24
$0.16
$0.01
Q3 24
$-0.06
$-0.10
Q2 24
$-0.17
$0.18

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$232.1M
$1.1B
Total DebtLower is stronger
Stockholders' EquityBook value
$785.8M
$6.0B
Total Assets
$1.8B
$15.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
VNO
VNO
Q1 26
$1.1B
Q4 25
$232.1M
$840.9M
Q3 25
$193.4M
$1.0B
Q2 25
$205.5M
$1.2B
Q1 25
$370.3M
$568.9M
Q4 24
$362.5M
$733.9M
Q3 24
$291.0M
$783.6M
Q2 24
$175.7M
$872.6M
Total Debt
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.1B
Q1 25
$2.1B
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Stockholders' Equity
FIVN
FIVN
VNO
VNO
Q1 26
$6.0B
Q4 25
$785.8M
$6.0B
Q3 25
$775.3M
$6.1B
Q2 25
$717.4M
$6.1B
Q1 25
$664.3M
$5.3B
Q4 24
$622.2M
$5.2B
Q3 24
$565.6M
$5.3B
Q2 24
$525.9M
$5.6B
Total Assets
FIVN
FIVN
VNO
VNO
Q1 26
$15.9B
Q4 25
$1.8B
$15.5B
Q3 25
$1.8B
$15.7B
Q2 25
$1.7B
$15.6B
Q1 25
$2.1B
$15.6B
Q4 24
$2.1B
$16.0B
Q3 24
$2.0B
$16.1B
Q2 24
$1.9B
$16.2B
Debt / Equity
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
0.38×
Q3 25
0.37×
Q2 25
0.35×
Q1 25
0.40×
Q4 24
0.50×
Q3 24
0.49×
Q2 24
0.46×

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
VNO
VNO
Operating Cash FlowLast quarter
$83.6M
Free Cash FlowOCF − Capex
$77.3M
FCF MarginFCF / Revenue
25.8%
Capex IntensityCapex / Revenue
2.1%
3.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$201.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
$83.6M
$1.3B
Q3 25
$59.2M
$33.2M
Q2 25
$35.1M
$1.0B
Q1 25
$48.4M
$52.0M
Q4 24
$49.8M
$537.7M
Q3 24
$41.1M
$105.4M
Q2 24
$19.9M
$194.7M
Free Cash Flow
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
$77.3M
Q3 25
$48.7M
Q2 25
$31.6M
Q1 25
$43.7M
Q4 24
$40.5M
Q3 24
$26.7M
Q2 24
$13.1M
FCF Margin
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
25.8%
Q3 25
17.0%
Q2 25
11.1%
Q1 25
15.6%
Q4 24
14.5%
Q3 24
10.1%
Q2 24
5.2%
Capex Intensity
FIVN
FIVN
VNO
VNO
Q1 26
3.7%
Q4 25
2.1%
Q3 25
3.7%
Q2 25
1.2%
Q1 25
1.7%
Q4 24
3.3%
Q3 24
5.4%
Q2 24
2.7%
Cash Conversion
FIVN
FIVN
VNO
VNO
Q1 26
Q4 25
256.08×
Q3 25
3.29×
1.22×
Q2 25
30.38×
1.35×
Q1 25
84.00×
0.51×
Q4 24
93.39×
Q3 24
Q2 24
3.83×

Financial Flow Comparison

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

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