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Side-by-side financial comparison of Fluence Energy, Inc. (FLNC) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.

Fluence Energy, Inc. is the larger business by last-quarter revenue ($475.2M vs $339.5M, roughly 1.4× Westrock Coffee Co). Westrock Coffee Co runs the higher net margin — -6.6% vs -9.5%, a 2.8% gap on every dollar of revenue. On growth, Fluence Energy, Inc. posted the faster year-over-year revenue change (154.4% vs 48.3%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $-232.6M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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;...

Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.

FLNC vs WEST — Head-to-Head

Bigger by revenue
FLNC
FLNC
1.4× larger
FLNC
$475.2M
$339.5M
WEST
Growing faster (revenue YoY)
FLNC
FLNC
+106.2% gap
FLNC
154.4%
48.3%
WEST
Higher net margin
WEST
WEST
2.8% more per $
WEST
-6.6%
-9.5%
FLNC
More free cash flow
WEST
WEST
$260.4M more FCF
WEST
$27.8M
$-232.6M
FLNC
Faster 2-yr revenue CAGR
WEST
WEST
Annualised
WEST
32.8%
-12.7%
FLNC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLNC
FLNC
WEST
WEST
Revenue
$475.2M
$339.5M
Net Profit
$-45.1M
$-22.6M
Gross Margin
4.9%
11.5%
Operating Margin
-14.8%
-2.6%
Net Margin
-9.5%
-6.6%
Revenue YoY
154.4%
48.3%
Net Profit YoY
-8.7%
8.3%
EPS (diluted)
$-0.34
$-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
FLNC
FLNC
WEST
WEST
Q4 25
$475.2M
$339.5M
Q3 25
$1.0B
$354.8M
Q2 25
$602.5M
$280.9M
Q1 25
$431.6M
$213.8M
Q4 24
$186.8M
$229.0M
Q3 24
$1.2B
$220.9M
Q2 24
$483.3M
$208.4M
Q1 24
$623.1M
$192.5M
Net Profit
FLNC
FLNC
WEST
WEST
Q4 25
$-45.1M
$-22.6M
Q3 25
$17.9M
$-19.1M
Q2 25
$6.3M
$-21.6M
Q1 25
$-31.0M
$-27.2M
Q4 24
$-41.5M
$-24.6M
Q3 24
$47.8M
$-14.3M
Q2 24
$785.0K
$-17.8M
Q1 24
$-9.2M
$-23.7M
Gross Margin
FLNC
FLNC
WEST
WEST
Q4 25
4.9%
11.5%
Q3 25
13.7%
11.7%
Q2 25
14.8%
14.7%
Q1 25
9.9%
13.6%
Q4 24
11.4%
16.6%
Q3 24
12.8%
16.8%
Q2 24
17.2%
19.9%
Q1 24
10.3%
19.4%
Operating Margin
FLNC
FLNC
WEST
WEST
Q4 25
-14.8%
-2.6%
Q3 25
4.4%
-2.4%
Q2 25
1.9%
-5.3%
Q1 25
-10.2%
-6.1%
Q4 24
-31.4%
-4.3%
Q3 24
6.2%
-5.8%
Q2 24
1.1%
-7.9%
Q1 24
-2.3%
-5.3%
Net Margin
FLNC
FLNC
WEST
WEST
Q4 25
-9.5%
-6.6%
Q3 25
1.7%
-5.4%
Q2 25
1.0%
-7.7%
Q1 25
-7.2%
-12.7%
Q4 24
-22.2%
-10.7%
Q3 24
3.9%
-6.5%
Q2 24
0.2%
-8.5%
Q1 24
-1.5%
-12.3%
EPS (diluted)
FLNC
FLNC
WEST
WEST
Q4 25
$-0.34
$-0.22
Q3 25
$0.18
$-0.20
Q2 25
$0.01
$-0.23
Q1 25
$-0.24
$-0.29
Q4 24
$-0.32
$-0.26
Q3 24
$0.34
$-0.16
Q2 24
$0.00
$-0.20
Q1 24
$-0.07
$-0.27

Balance Sheet & Financial Strength

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

Metric
FLNC
FLNC
WEST
WEST
Cash + ST InvestmentsLiquidity on hand
$452.6M
$49.9M
Total DebtLower is stronger
$444.1M
Stockholders' EquityBook value
$388.0M
$-1.9M
Total Assets
$2.3B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLNC
FLNC
WEST
WEST
Q4 25
$452.6M
$49.9M
Q3 25
$690.8M
$34.0M
Q2 25
$436.3M
$44.0M
Q1 25
$568.6M
$33.1M
Q4 24
$607.4M
$26.2M
Q3 24
$448.7M
$22.4M
Q2 24
$388.2M
$24.3M
Q1 24
$411.8M
$12.6M
Total Debt
FLNC
FLNC
WEST
WEST
Q4 25
$444.1M
Q3 25
Q2 25
Q1 25
Q4 24
$393.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FLNC
FLNC
WEST
WEST
Q4 25
$388.0M
$-1.9M
Q3 25
$429.6M
$11.4M
Q2 25
$407.4M
$18.2M
Q1 25
$388.2M
$71.4M
Q4 24
$409.4M
$97.5M
Q3 24
$472.1M
$110.3M
Q2 24
$421.2M
$81.5M
Q1 24
$413.1M
$91.7M
Total Assets
FLNC
FLNC
WEST
WEST
Q4 25
$2.3B
$1.2B
Q3 25
$2.4B
$1.2B
Q2 25
$2.1B
$1.2B
Q1 25
$2.3B
$1.1B
Q4 24
$2.2B
$1.1B
Q3 24
$1.9B
$1.1B
Q2 24
$1.7B
$1.1B
Q1 24
$1.5B
$983.3M
Debt / Equity
FLNC
FLNC
WEST
WEST
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.03×
Q3 24
Q2 24
Q1 24

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
WEST
WEST
Operating Cash FlowLast quarter
$-226.8M
$36.7M
Free Cash FlowOCF − Capex
$-232.6M
$27.8M
FCF MarginFCF / Revenue
-48.9%
8.2%
Capex IntensityCapex / Revenue
1.2%
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-179.7M
$-107.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLNC
FLNC
WEST
WEST
Q4 25
$-226.8M
$36.7M
Q3 25
$265.7M
$-26.6M
Q2 25
$-153.9M
$-7.0M
Q1 25
$-46.2M
$-22.1M
Q4 24
$-211.2M
$2.8M
Q3 24
$10.5M
$-332.0K
Q2 24
$-21.1M
$-23.7M
Q1 24
$70.9M
$8.0M
Free Cash Flow
FLNC
FLNC
WEST
WEST
Q4 25
$-232.6M
$27.8M
Q3 25
$260.9M
$-44.7M
Q2 25
$-157.4M
$-27.5M
Q1 25
$-50.5M
$-63.4M
Q4 24
$-213.3M
$-15.4M
Q3 24
$7.3M
$-36.7M
Q2 24
$-23.5M
$-59.9M
Q1 24
$69.9M
$-60.9M
FCF Margin
FLNC
FLNC
WEST
WEST
Q4 25
-48.9%
8.2%
Q3 25
25.0%
-12.6%
Q2 25
-26.1%
-9.8%
Q1 25
-11.7%
-29.7%
Q4 24
-114.2%
-6.7%
Q3 24
0.6%
-16.6%
Q2 24
-4.9%
-28.7%
Q1 24
11.2%
-31.7%
Capex Intensity
FLNC
FLNC
WEST
WEST
Q4 25
1.2%
2.6%
Q3 25
0.5%
5.1%
Q2 25
0.6%
7.3%
Q1 25
1.0%
19.3%
Q4 24
1.1%
7.9%
Q3 24
0.3%
16.5%
Q2 24
0.5%
17.4%
Q1 24
0.2%
35.8%
Cash Conversion
FLNC
FLNC
WEST
WEST
Q4 25
Q3 25
14.81×
Q2 25
-24.61×
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
-26.87×
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%

WEST
WEST

Coffee And Tea$202.6M60%
Flavors Extracts And Ingredients$69.6M21%
Sustainable Sourcing And Traceability Segments$66.9M20%

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