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Side-by-side financial comparison of FMC CORP (FMC) and PENN Entertainment, Inc. (PENN). Click either name above to swap in a different company.

PENN Entertainment, Inc. is the larger business by last-quarter revenue ($1.8B vs $759.0M, roughly 2.3× FMC CORP). PENN Entertainment, Inc. runs the higher net margin — -0.2% vs -37.0%, a 36.9% gap on every dollar of revenue. On growth, PENN Entertainment, Inc. posted the faster year-over-year revenue change (6.4% vs -4.0%). Over the past eight quarters, PENN Entertainment, Inc.'s revenue compounded faster (3.4% CAGR vs -14.5%).

FMC Corporation is an American chemical manufacturing company headquartered in Philadelphia, Pennsylvania, which originated as an insecticide producer in 1883 and later diversified into other industries. In 1941 at the beginning of US involvement in WWII, the company received a contract to design and build amphibious tracked landing vehicles for the United States Department of War, and afterwards the company continued to diversify its products. FMC employs 7,000 people worldwide, and had gros...

Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also owns the Canadian digital media company Score Media and Gaming.

FMC vs PENN — Head-to-Head

Bigger by revenue
PENN
PENN
2.3× larger
PENN
$1.8B
$759.0M
FMC
Growing faster (revenue YoY)
PENN
PENN
+10.4% gap
PENN
6.4%
-4.0%
FMC
Higher net margin
PENN
PENN
36.9% more per $
PENN
-0.2%
-37.0%
FMC
Faster 2-yr revenue CAGR
PENN
PENN
Annualised
PENN
3.4%
-14.5%
FMC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FMC
FMC
PENN
PENN
Revenue
$759.0M
$1.8B
Net Profit
$-281.2M
$-2.8M
Gross Margin
Operating Margin
-10.6%
5.5%
Net Margin
-37.0%
-0.2%
Revenue YoY
-4.0%
6.4%
Net Profit YoY
EPS (diluted)
$-2.25
$-0.02

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
FMC
FMC
PENN
PENN
Q1 26
$759.0M
$1.8B
Q4 25
$1.1B
$1.8B
Q3 25
$542.2M
$1.7B
Q2 25
$1.1B
$1.8B
Q1 25
$791.4M
$1.7B
Q4 24
$1.2B
$1.7B
Q3 24
$1.1B
$1.6B
Q2 24
$1.0B
$1.7B
Net Profit
FMC
FMC
PENN
PENN
Q1 26
$-281.2M
$-2.8M
Q4 25
$-1.7B
$-72.9M
Q3 25
$-569.3M
$-864.6M
Q2 25
$66.7M
$-17.4M
Q1 25
$-15.5M
$111.8M
Q4 24
$-16.3M
$-133.3M
Q3 24
$65.0M
$-36.7M
Q2 24
$295.1M
$-26.8M
Gross Margin
FMC
FMC
PENN
PENN
Q1 26
Q4 25
39.8%
Q3 25
23.8%
Q2 25
38.7%
Q1 25
40.0%
Q4 24
42.9%
Q3 24
36.3%
Q2 24
38.3%
Operating Margin
FMC
FMC
PENN
PENN
Q1 26
-10.6%
5.5%
Q4 25
-130.8%
-1.0%
Q3 25
-73.1%
-45.2%
Q2 25
12.0%
4.4%
Q1 25
7.4%
2.6%
Q4 24
19.2%
-2.9%
Q3 24
12.7%
4.1%
Q2 24
6.0%
4.5%
Net Margin
FMC
FMC
PENN
PENN
Q1 26
-37.0%
-0.2%
Q4 25
-158.8%
-4.0%
Q3 25
-105.0%
-50.3%
Q2 25
6.3%
-1.0%
Q1 25
-2.0%
6.7%
Q4 24
-1.3%
-8.0%
Q3 24
6.1%
-2.2%
Q2 24
28.4%
-1.6%
EPS (diluted)
FMC
FMC
PENN
PENN
Q1 26
$-2.25
$-0.02
Q4 25
$-13.77
$-0.36
Q3 25
$-4.52
$-6.03
Q2 25
$0.53
$-0.12
Q1 25
$-0.12
$0.68
Q4 24
$-0.13
$-0.87
Q3 24
$0.52
$-0.24
Q2 24
$2.35
$-0.18

Balance Sheet & Financial Strength

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

Metric
FMC
FMC
PENN
PENN
Cash + ST InvestmentsLiquidity on hand
$390.9M
$708.0M
Total DebtLower is stronger
$2.8B
Stockholders' EquityBook value
$1.8B
Total Assets
$9.4B
Debt / EquityLower = less leverage
1.50×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMC
FMC
PENN
PENN
Q1 26
$390.9M
$708.0M
Q4 25
$584.5M
$686.6M
Q3 25
$497.7M
$660.1M
Q2 25
$438.2M
$671.6M
Q1 25
$315.3M
$591.6M
Q4 24
$357.3M
$706.6M
Q3 24
$416.7M
$834.0M
Q2 24
$471.5M
$877.6M
Total Debt
FMC
FMC
PENN
PENN
Q1 26
$2.8B
Q4 25
$3.4B
$2.9B
Q3 25
$3.4B
$2.9B
Q2 25
$3.4B
$2.8B
Q1 25
$3.1B
$2.6B
Q4 24
$3.1B
$2.8B
Q3 24
$3.1B
$2.8B
Q2 24
$3.1B
$2.8B
Stockholders' Equity
FMC
FMC
PENN
PENN
Q1 26
$1.8B
Q4 25
$2.1B
$1.8B
Q3 25
$3.8B
$2.0B
Q2 25
$4.4B
$3.0B
Q1 25
$4.4B
$3.0B
Q4 24
$4.5B
$2.9B
Q3 24
$4.6B
$3.1B
Q2 24
$4.6B
$3.1B
Total Assets
FMC
FMC
PENN
PENN
Q1 26
$9.4B
Q4 25
$9.7B
$14.3B
Q3 25
$12.1B
$14.3B
Q2 25
$12.3B
$15.2B
Q1 25
$11.8B
$15.1B
Q4 24
$11.7B
$15.3B
Q3 24
$12.2B
$15.5B
Q2 24
$12.1B
$15.5B
Debt / Equity
FMC
FMC
PENN
PENN
Q1 26
1.50×
Q4 25
1.62×
1.58×
Q3 25
0.89×
1.46×
Q2 25
0.76×
0.94×
Q1 25
0.71×
0.89×
Q4 24
0.69×
0.98×
Q3 24
0.68×
0.91×
Q2 24
0.68×
0.91×

Cash Flow & Capital Efficiency

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

Metric
FMC
FMC
PENN
PENN
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-628.1M
FCF MarginFCF / Revenue
-82.8%
Capex IntensityCapex / Revenue
2.2%
5.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-154.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMC
FMC
PENN
PENN
Q1 26
Q4 25
$657.1M
$107.2M
Q3 25
$-184.2M
$180.9M
Q2 25
$65.9M
$178.2M
Q1 25
$-545.0M
$41.9M
Q4 24
$427.9M
$102.9M
Q3 24
$159.5M
$174.7M
Q2 24
$292.2M
$150.4M
Free Cash Flow
FMC
FMC
PENN
PENN
Q1 26
$-628.1M
Q4 25
$631.1M
$-83.2M
Q3 25
$-207.9M
$8.2M
Q2 25
$50.9M
$18.8M
Q1 25
$-576.6M
$-83.3M
Q4 24
$406.3M
$-118.1M
Q3 24
$143.8M
$42.6M
Q2 24
$282.3M
$62.2M
FCF Margin
FMC
FMC
PENN
PENN
Q1 26
-82.8%
Q4 25
58.3%
-4.6%
Q3 25
-38.3%
0.5%
Q2 25
4.8%
1.1%
Q1 25
-72.9%
-5.0%
Q4 24
33.2%
-7.1%
Q3 24
13.5%
2.6%
Q2 24
27.2%
3.7%
Capex Intensity
FMC
FMC
PENN
PENN
Q1 26
2.2%
5.3%
Q4 25
2.4%
10.5%
Q3 25
4.4%
10.1%
Q2 25
1.4%
9.0%
Q1 25
4.0%
7.5%
Q4 24
1.8%
13.2%
Q3 24
1.5%
8.1%
Q2 24
1.0%
5.3%
Cash Conversion
FMC
FMC
PENN
PENN
Q1 26
Q4 25
Q3 25
Q2 25
0.99×
Q1 25
0.37×
Q4 24
Q3 24
2.45×
Q2 24
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMC
FMC

EMEA$307.0M40%
North America$198.0M26%
Latin America$177.0M23%
Asia (excluding 2026 India) 1$81.0M11%

PENN
PENN

Northeast segment (1)$687.1M39%
Interactive (5)$358.3M20%
Midwest segment (4)$305.9M17%
South segment (2)$281.3M16%
West segment (3)$145.8M8%

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