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Side-by-side financial comparison of Flywire Corp (FLYW) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $157.5M, roughly 1.3× Flywire Corp). ROGERS CORP runs the higher net margin — 2.2% vs 0.0%, a 2.2% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 5.2%). Flywire Corp produced more free cash flow last quarter ($4.5M vs $1.1M). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs -3.3%).
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
FLYW vs ROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $200.5M |
| Net Profit | $33.0K | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | -0.6% | — |
| Net Margin | 0.0% | 2.2% |
| Revenue YoY | 34.0% | 5.2% |
| Net Profit YoY | 100.2% | 421.4% |
| EPS (diluted) | $0.01 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | $157.5M | $201.5M | ||
| Q3 25 | $200.1M | $216.0M | ||
| Q2 25 | $131.9M | $202.8M | ||
| Q1 25 | $133.5M | $190.5M | ||
| Q4 24 | $117.5M | $192.2M | ||
| Q3 24 | $156.8M | $210.3M | ||
| Q2 24 | $103.7M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | $33.0K | $4.6M | ||
| Q3 25 | $29.6M | $8.6M | ||
| Q2 25 | $-12.0M | $-73.6M | ||
| Q1 25 | $-4.2M | $-1.4M | ||
| Q4 24 | $-15.9M | $-500.0K | ||
| Q3 24 | $38.9M | $10.7M | ||
| Q2 24 | $-13.9M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | 3.5% | ||
| Q3 25 | 16.1% | 7.3% | ||
| Q2 25 | -6.8% | -33.3% | ||
| Q1 25 | -8.2% | -0.2% | ||
| Q4 24 | -4.9% | -6.6% | ||
| Q3 24 | 12.9% | 6.9% | ||
| Q2 24 | -15.2% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | 0.0% | 2.3% | ||
| Q3 25 | 14.8% | 4.0% | ||
| Q2 25 | -9.1% | -36.3% | ||
| Q1 25 | -3.1% | -0.7% | ||
| Q4 24 | -13.5% | -0.3% | ||
| Q3 24 | 24.8% | 5.1% | ||
| Q2 24 | -13.4% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | $0.01 | $0.20 | ||
| Q3 25 | $0.23 | $0.48 | ||
| Q2 25 | $-0.10 | $-4.00 | ||
| Q1 25 | $-0.03 | $-0.08 | ||
| Q4 24 | $-0.12 | $-0.04 | ||
| Q3 24 | $0.30 | $0.58 | ||
| Q2 24 | $-0.11 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $355.0M | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $835.2M | $1.2B |
| Total Assets | $1.3B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | $355.0M | $197.0M | ||
| Q3 25 | $377.3M | $167.8M | ||
| Q2 25 | $274.2M | $157.2M | ||
| Q1 25 | $255.3M | $175.6M | ||
| Q4 24 | $611.1M | $159.8M | ||
| Q3 24 | $681.1M | $146.4M | ||
| Q2 24 | $571.0M | $119.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | $60.0M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $835.2M | $1.2B | ||
| Q3 25 | $829.1M | $1.2B | ||
| Q2 25 | $792.4M | $1.2B | ||
| Q1 25 | $784.3M | $1.3B | ||
| Q4 24 | $814.8M | $1.3B | ||
| Q3 24 | $843.2M | $1.3B | ||
| Q2 24 | $802.6M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $1.3B | $1.4B | ||
| Q3 25 | $1.3B | $1.4B | ||
| Q2 25 | $1.1B | $1.5B | ||
| Q1 25 | $1.1B | $1.5B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.2B | $1.5B | ||
| Q2 24 | $998.7M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.9M | $5.8M |
| Free Cash FlowOCF − Capex | $4.5M | $1.1M |
| FCF MarginFCF / Revenue | 2.9% | 0.5% |
| Capex IntensityCapex / Revenue | 0.2% | 2.3% |
| Cash ConversionOCF / Net Profit | 148.06× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | $4.9M | $46.9M | ||
| Q3 25 | $150.1M | $28.9M | ||
| Q2 25 | $24.1M | $13.7M | ||
| Q1 25 | $-78.9M | $11.7M | ||
| Q4 24 | $-28.6M | $33.7M | ||
| Q3 24 | $184.6M | $42.4M | ||
| Q2 24 | $-19.3M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | $4.5M | $42.2M | ||
| Q3 25 | $149.9M | $21.2M | ||
| Q2 25 | $23.5M | $5.6M | ||
| Q1 25 | $-79.1M | $2.1M | ||
| Q4 24 | $-28.7M | $18.3M | ||
| Q3 24 | $184.4M | $25.2M | ||
| Q2 24 | $-19.7M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | 2.9% | 20.9% | ||
| Q3 25 | 74.9% | 9.8% | ||
| Q2 25 | 17.8% | 2.8% | ||
| Q1 25 | -59.3% | 1.1% | ||
| Q4 24 | -24.4% | 9.5% | ||
| Q3 24 | 117.6% | 12.0% | ||
| Q2 24 | -19.0% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 0.2% | 2.3% | ||
| Q3 25 | 0.1% | 3.6% | ||
| Q2 25 | 0.4% | 4.0% | ||
| Q1 25 | 0.1% | 5.0% | ||
| Q4 24 | 0.1% | 8.0% | ||
| Q3 24 | 0.1% | 8.2% | ||
| Q2 24 | 0.3% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 148.06× | 10.20× | ||
| Q3 25 | 5.07× | 3.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 4.75× | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
ROG
Segment breakdown not available.
