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

Sylvamo Corp is the larger business by last-quarter revenue ($755.0M vs $475.2M, roughly 1.6× Fluence Energy, Inc.). Sylvamo Corp runs the higher net margin — -0.4% vs -9.5%, a 9.1% gap on every dollar of revenue. On growth, Fluence Energy, Inc. posted the faster year-over-year revenue change (154.4% vs -8.0%). Sylvamo Corp produced more free cash flow last quarter ($-59.0M vs $-232.6M). Over the past eight quarters, Sylvamo Corp's revenue compounded faster (-10.0% 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;...

Sylvamo Corp is a leading global manufacturer of sustainable paper and pulp products. Its core offerings include uncoated printing paper, packaging paper, and market pulp, serving office supplies, publishing, commercial printing, and packaging segments across North America, Europe, and Latin America.

FLNC vs SLVM — Head-to-Head

Bigger by revenue
SLVM
SLVM
1.6× larger
SLVM
$755.0M
$475.2M
FLNC
Growing faster (revenue YoY)
FLNC
FLNC
+162.5% gap
FLNC
154.4%
-8.0%
SLVM
Higher net margin
SLVM
SLVM
9.1% more per $
SLVM
-0.4%
-9.5%
FLNC
More free cash flow
SLVM
SLVM
$173.6M more FCF
SLVM
$-59.0M
$-232.6M
FLNC
Faster 2-yr revenue CAGR
SLVM
SLVM
Annualised
SLVM
-10.0%
-12.7%
FLNC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FLNC
FLNC
SLVM
SLVM
Revenue
$475.2M
$755.0M
Net Profit
$-45.1M
$-3.0M
Gross Margin
4.9%
Operating Margin
-14.8%
Net Margin
-9.5%
-0.4%
Revenue YoY
154.4%
-8.0%
Net Profit YoY
-8.7%
EPS (diluted)
$-0.34
$-0.08

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
SLVM
SLVM
Q1 26
$755.0M
Q4 25
$475.2M
$890.0M
Q3 25
$1.0B
$846.0M
Q2 25
$602.5M
$794.0M
Q1 25
$431.6M
$821.0M
Q4 24
$186.8M
$970.0M
Q3 24
$1.2B
$965.0M
Q2 24
$483.3M
$933.0M
Net Profit
FLNC
FLNC
SLVM
SLVM
Q1 26
$-3.0M
Q4 25
$-45.1M
$33.0M
Q3 25
$17.9M
$57.0M
Q2 25
$6.3M
$15.0M
Q1 25
$-31.0M
$27.0M
Q4 24
$-41.5M
$81.0M
Q3 24
$47.8M
$95.0M
Q2 24
$785.0K
$83.0M
Gross Margin
FLNC
FLNC
SLVM
SLVM
Q1 26
Q4 25
4.9%
Q3 25
13.7%
Q2 25
14.8%
Q1 25
9.9%
Q4 24
11.4%
Q3 24
12.8%
Q2 24
17.2%
Operating Margin
FLNC
FLNC
SLVM
SLVM
Q1 26
Q4 25
-14.8%
8.9%
Q3 25
4.4%
11.6%
Q2 25
1.9%
3.8%
Q1 25
-10.2%
5.4%
Q4 24
-31.4%
11.2%
Q3 24
6.2%
15.5%
Q2 24
1.1%
13.1%
Net Margin
FLNC
FLNC
SLVM
SLVM
Q1 26
-0.4%
Q4 25
-9.5%
3.7%
Q3 25
1.7%
6.7%
Q2 25
1.0%
1.9%
Q1 25
-7.2%
3.3%
Q4 24
-22.2%
8.4%
Q3 24
3.9%
9.8%
Q2 24
0.2%
8.9%
EPS (diluted)
FLNC
FLNC
SLVM
SLVM
Q1 26
$-0.08
Q4 25
$-0.34
$0.81
Q3 25
$0.18
$1.41
Q2 25
$0.01
$0.37
Q1 25
$-0.24
$0.65
Q4 24
$-0.32
$1.91
Q3 24
$0.34
$2.27
Q2 24
$0.00
$1.98

Balance Sheet & Financial Strength

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

Metric
FLNC
FLNC
SLVM
SLVM
Cash + ST InvestmentsLiquidity on hand
$452.6M
Total DebtLower is stronger
$766.0M
Stockholders' EquityBook value
$388.0M
$979.0M
Total Assets
$2.3B
$2.8B
Debt / EquityLower = less leverage
0.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNC
FLNC
SLVM
SLVM
Q1 26
Q4 25
$452.6M
$198.0M
Q3 25
$690.8M
$146.0M
Q2 25
$436.3M
$183.0M
Q1 25
$568.6M
$220.0M
Q4 24
$607.4M
$309.0M
Q3 24
$448.7M
$414.0M
Q2 24
$388.2M
$213.0M
Total Debt
FLNC
FLNC
SLVM
SLVM
Q1 26
$766.0M
Q4 25
$763.0M
Q3 25
$778.0M
Q2 25
$767.0M
Q1 25
$794.0M
Q4 24
$782.0M
Q3 24
$883.0M
Q2 24
$894.0M
Stockholders' Equity
FLNC
FLNC
SLVM
SLVM
Q1 26
$979.0M
Q4 25
$388.0M
$966.0M
Q3 25
$429.6M
$977.0M
Q2 25
$407.4M
$959.0M
Q1 25
$388.2M
$908.0M
Q4 24
$409.4M
$847.0M
Q3 24
$472.1M
$937.0M
Q2 24
$421.2M
$830.0M
Total Assets
FLNC
FLNC
SLVM
SLVM
Q1 26
$2.8B
Q4 25
$2.3B
$2.8B
Q3 25
$2.4B
$2.7B
Q2 25
$2.1B
$2.7B
Q1 25
$2.3B
$2.6B
Q4 24
$2.2B
$2.6B
Q3 24
$1.9B
$2.9B
Q2 24
$1.7B
$2.7B
Debt / Equity
FLNC
FLNC
SLVM
SLVM
Q1 26
0.78×
Q4 25
0.79×
Q3 25
0.80×
Q2 25
0.80×
Q1 25
0.87×
Q4 24
0.92×
Q3 24
0.94×
Q2 24
1.08×

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
SLVM
SLVM
Operating Cash FlowLast quarter
$-226.8M
Free Cash FlowOCF − Capex
$-232.6M
$-59.0M
FCF MarginFCF / Revenue
-48.9%
-7.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-179.7M
$10.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNC
FLNC
SLVM
SLVM
Q1 26
Q4 25
$-226.8M
$94.0M
Q3 25
$265.7M
$87.0M
Q2 25
$-153.9M
$64.0M
Q1 25
$-46.2M
$23.0M
Q4 24
$-211.2M
$164.0M
Q3 24
$10.5M
$163.0M
Q2 24
$-21.1M
$115.0M
Free Cash Flow
FLNC
FLNC
SLVM
SLVM
Q1 26
$-59.0M
Q4 25
$-232.6M
$38.0M
Q3 25
$260.9M
$33.0M
Q2 25
$-157.4M
$-2.0M
Q1 25
$-50.5M
$-25.0M
Q4 24
$-213.3M
$100.0M
Q3 24
$7.3M
$119.0M
Q2 24
$-23.5M
$62.0M
FCF Margin
FLNC
FLNC
SLVM
SLVM
Q1 26
-7.8%
Q4 25
-48.9%
4.3%
Q3 25
25.0%
3.9%
Q2 25
-26.1%
-0.3%
Q1 25
-11.7%
-3.0%
Q4 24
-114.2%
10.3%
Q3 24
0.6%
12.3%
Q2 24
-4.9%
6.6%
Capex Intensity
FLNC
FLNC
SLVM
SLVM
Q1 26
Q4 25
1.2%
6.3%
Q3 25
0.5%
6.4%
Q2 25
0.6%
8.3%
Q1 25
1.0%
5.8%
Q4 24
1.1%
6.6%
Q3 24
0.3%
4.6%
Q2 24
0.5%
5.7%
Cash Conversion
FLNC
FLNC
SLVM
SLVM
Q1 26
Q4 25
2.85×
Q3 25
14.81×
1.53×
Q2 25
-24.61×
4.27×
Q1 25
0.85×
Q4 24
2.02×
Q3 24
0.22×
1.72×
Q2 24
-26.87×
1.39×

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%

SLVM
SLVM

North America$390.0M52%
Europe$190.0M25%
Latin America$187.0M25%

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