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Side-by-side financial comparison of Fluence Energy, Inc. (FLNC) and RBC Bearings INC (RBC). Click either name above to swap in a different company.

Fluence Energy, Inc. is the larger business by last-quarter revenue ($475.2M vs $461.6M, roughly 1.0× RBC Bearings INC). RBC Bearings INC runs the higher net margin — 14.6% vs -9.5%, a 24.1% gap on every dollar of revenue. On growth, Fluence Energy, Inc. posted the faster year-over-year revenue change (154.4% vs 17.0%). RBC Bearings INC produced more free cash flow last quarter ($99.1M vs $-232.6M). Over the past eight quarters, RBC Bearings INC's revenue compounded faster (5.6% CAGR vs -12.7%).

Progress Energy was a power generation and distribution company. Prior to its merger with Duke Energy, it was a Fortune 500 energy company with more than 21,000 megawatts of generation capacity and $9 billion in annual revenues. Headquartered in Raleigh, North Carolina, Progress Energy includes two major electric utilities that serve approximately 3.1 million customers in the Carolinas and Florida. As an independent company, the last chairman and CEO of Progress Energy was William D. Johnson;...

Dover Corporation is an American conglomerate manufacturer of industrial products. The Downers Grove, Illinois-based company was founded in 1955. As of 2021, Dover's business was divided into five segments: Engineered Products, Clean Energy and Fueling, Imaging & Identification, Pumps & Process Solutions and Climate and Sustainability Technologies. Dover is a constituent of the S&P 500 index and trades on the New York Stock Exchange under the symbol DOV. Dover was ranked 448 in the 2024 Fortu...

FLNC vs RBC — Head-to-Head

Bigger by revenue
FLNC
FLNC
1.0× larger
FLNC
$475.2M
$461.6M
RBC
Growing faster (revenue YoY)
FLNC
FLNC
+137.4% gap
FLNC
154.4%
17.0%
RBC
Higher net margin
RBC
RBC
24.1% more per $
RBC
14.6%
-9.5%
FLNC
More free cash flow
RBC
RBC
$331.7M more FCF
RBC
$99.1M
$-232.6M
FLNC
Faster 2-yr revenue CAGR
RBC
RBC
Annualised
RBC
5.6%
-12.7%
FLNC

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
FLNC
FLNC
RBC
RBC
Revenue
$475.2M
$461.6M
Net Profit
$-45.1M
$67.4M
Gross Margin
4.9%
44.3%
Operating Margin
-14.8%
22.3%
Net Margin
-9.5%
14.6%
Revenue YoY
154.4%
17.0%
Net Profit YoY
-8.7%
16.4%
EPS (diluted)
$-0.34
$2.13

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
FLNC
FLNC
RBC
RBC
Q4 25
$475.2M
$461.6M
Q3 25
$1.0B
$455.3M
Q2 25
$602.5M
$436.0M
Q1 25
$431.6M
$437.7M
Q4 24
$186.8M
$394.4M
Q3 24
$1.2B
$397.9M
Q2 24
$483.3M
$406.3M
Q1 24
$623.1M
$413.7M
Net Profit
FLNC
FLNC
RBC
RBC
Q4 25
$-45.1M
$67.4M
Q3 25
$17.9M
$60.0M
Q2 25
$6.3M
$68.5M
Q1 25
$-31.0M
$72.7M
Q4 24
$-41.5M
$57.9M
Q3 24
$47.8M
$54.2M
Q2 24
$785.0K
$61.4M
Q1 24
$-9.2M
Gross Margin
FLNC
FLNC
RBC
RBC
Q4 25
4.9%
44.3%
Q3 25
13.7%
44.1%
Q2 25
14.8%
44.8%
Q1 25
9.9%
44.2%
Q4 24
11.4%
44.3%
Q3 24
12.8%
43.7%
Q2 24
17.2%
45.3%
Q1 24
10.3%
43.1%
Operating Margin
FLNC
FLNC
RBC
RBC
Q4 25
-14.8%
22.3%
Q3 25
4.4%
21.5%
Q2 25
1.9%
23.2%
Q1 25
-10.2%
23.0%
Q4 24
-31.4%
21.7%
Q3 24
6.2%
21.6%
Q2 24
1.1%
24.0%
Q1 24
-2.3%
22.8%
Net Margin
FLNC
FLNC
RBC
RBC
Q4 25
-9.5%
14.6%
Q3 25
1.7%
13.2%
Q2 25
1.0%
15.7%
Q1 25
-7.2%
16.6%
Q4 24
-22.2%
14.7%
Q3 24
3.9%
13.6%
Q2 24
0.2%
15.1%
Q1 24
-1.5%
EPS (diluted)
FLNC
FLNC
RBC
RBC
Q4 25
$-0.34
$2.13
Q3 25
$0.18
$1.90
Q2 25
$0.01
$2.17
Q1 25
$-0.24
$2.33
Q4 24
$-0.32
$1.82
Q3 24
$0.34
$1.65
Q2 24
$0.00
$1.90
Q1 24
$-0.07
$1.92

Balance Sheet & Financial Strength

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

Metric
FLNC
FLNC
RBC
RBC
Cash + ST InvestmentsLiquidity on hand
$452.6M
$107.6M
Total DebtLower is stronger
$990.2M
Stockholders' EquityBook value
$388.0M
$3.3B
Total Assets
$2.3B
$5.1B
Debt / EquityLower = less leverage
0.30×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNC
FLNC
RBC
RBC
Q4 25
$452.6M
$107.6M
Q3 25
$690.8M
$91.2M
Q2 25
$436.3M
$132.9M
Q1 25
$568.6M
$36.8M
Q4 24
$607.4M
Q3 24
$448.7M
Q2 24
$388.2M
$76.8M
Q1 24
$411.8M
$63.5M
Total Debt
FLNC
FLNC
RBC
RBC
Q4 25
$990.2M
Q3 25
$1.1B
Q2 25
$915.6M
Q1 25
$920.1M
Q4 24
Q3 24
Q2 24
Q1 24
$1.2B
Stockholders' Equity
FLNC
FLNC
RBC
RBC
Q4 25
$388.0M
$3.3B
Q3 25
$429.6M
$3.2B
Q2 25
$407.4M
$3.1B
Q1 25
$388.2M
$3.0B
Q4 24
$409.4M
$2.9B
Q3 24
$472.1M
$2.9B
Q2 24
$421.2M
$2.8B
Q1 24
$413.1M
$2.8B
Total Assets
FLNC
FLNC
RBC
RBC
Q4 25
$2.3B
$5.1B
Q3 25
$2.4B
$5.1B
Q2 25
$2.1B
$4.8B
Q1 25
$2.3B
$4.7B
Q4 24
$2.2B
$4.7B
Q3 24
$1.9B
$4.7B
Q2 24
$1.7B
$4.7B
Q1 24
$1.5B
$4.7B
Debt / Equity
FLNC
FLNC
RBC
RBC
Q4 25
0.30×
Q3 25
0.34×
Q2 25
0.29×
Q1 25
0.30×
Q4 24
Q3 24
Q2 24
Q1 24
0.43×

Cash Flow & Capital Efficiency

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

Metric
FLNC
FLNC
RBC
RBC
Operating Cash FlowLast quarter
$-226.8M
$122.1M
Free Cash FlowOCF − Capex
$-232.6M
$99.1M
FCF MarginFCF / Revenue
-48.9%
21.5%
Capex IntensityCapex / Revenue
1.2%
5.0%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$-179.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNC
FLNC
RBC
RBC
Q4 25
$-226.8M
$122.1M
Q3 25
$265.7M
$88.4M
Q2 25
$-153.9M
$120.0M
Q1 25
$-46.2M
Q4 24
$-211.2M
$84.0M
Q3 24
$10.5M
Q2 24
$-21.1M
$97.4M
Q1 24
$70.9M
Free Cash Flow
FLNC
FLNC
RBC
RBC
Q4 25
$-232.6M
$99.1M
Q3 25
$260.9M
$71.7M
Q2 25
$-157.4M
$104.3M
Q1 25
$-50.5M
Q4 24
$-213.3M
$73.6M
Q3 24
$7.3M
Q2 24
$-23.5M
$88.4M
Q1 24
$69.9M
FCF Margin
FLNC
FLNC
RBC
RBC
Q4 25
-48.9%
21.5%
Q3 25
25.0%
15.7%
Q2 25
-26.1%
23.9%
Q1 25
-11.7%
Q4 24
-114.2%
18.7%
Q3 24
0.6%
Q2 24
-4.9%
21.8%
Q1 24
11.2%
Capex Intensity
FLNC
FLNC
RBC
RBC
Q4 25
1.2%
5.0%
Q3 25
0.5%
3.7%
Q2 25
0.6%
3.6%
Q1 25
1.0%
3.2%
Q4 24
1.1%
2.6%
Q3 24
0.3%
4.1%
Q2 24
0.5%
2.2%
Q1 24
0.2%
Cash Conversion
FLNC
FLNC
RBC
RBC
Q4 25
1.81×
Q3 25
14.81×
1.47×
Q2 25
-24.61×
1.75×
Q1 25
Q4 24
1.45×
Q3 24
0.22×
Q2 24
-26.87×
1.59×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLNC
FLNC

Products$450.9M95%
Services$22.5M5%
Digital Applications And Solutions$1.9M0%

RBC
RBC

Domestic$413.3M90%
Foreign$48.3M10%

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