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Side-by-side financial comparison of Fabrinet (FN) and JANUS HENDERSON GROUP PLC (JHG). Click either name above to swap in a different company.
JANUS HENDERSON GROUP PLC is the larger business by last-quarter revenue ($1.1B vs $1.1B, roughly 1.0× Fabrinet). JANUS HENDERSON GROUP PLC runs the higher net margin — 35.3% vs 9.9%, a 25.4% gap on every dollar of revenue. On growth, JANUS HENDERSON GROUP PLC posted the faster year-over-year revenue change (61.3% vs 35.9%). JANUS HENDERSON GROUP PLC produced more free cash flow last quarter ($320.4M vs $-5.3M). Over the past eight quarters, JANUS HENDERSON GROUP PLC's revenue compounded faster (43.9% CAGR vs 24.4%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
FN vs JHG — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.1B |
| Net Profit | $112.6M | $403.2M |
| Gross Margin | 12.2% | — |
| Operating Margin | 10.1% | 42.7% |
| Net Margin | 9.9% | 35.3% |
| Revenue YoY | 35.9% | 61.3% |
| Net Profit YoY | 30.0% | 231.0% |
| EPS (diluted) | $3.11 | $2.59 |
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.
| Q4 25 | $1.1B | $1.1B | ||
| Q3 25 | $978.1M | $700.4M | ||
| Q2 25 | $909.7M | $633.2M | ||
| Q1 25 | $871.8M | $621.4M | ||
| Q4 24 | $833.6M | $708.3M | ||
| Q3 24 | $804.2M | $624.8M | ||
| Q2 24 | $753.3M | $588.4M | ||
| Q1 24 | $731.5M | $551.7M |
| Q4 25 | $112.6M | $403.2M | ||
| Q3 25 | $95.9M | $142.1M | ||
| Q2 25 | $87.2M | $149.9M | ||
| Q1 25 | $81.3M | $120.7M | ||
| Q4 24 | $86.6M | $121.8M | ||
| Q3 24 | $77.4M | $27.3M | ||
| Q2 24 | $81.1M | $129.7M | ||
| Q1 24 | $80.9M | $130.1M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | 11.9% | — | ||
| Q2 25 | 12.2% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | 12.1% | — | ||
| Q3 24 | 12.3% | — | ||
| Q2 24 | 12.3% | — | ||
| Q1 24 | 12.4% | — |
| Q4 25 | 10.1% | 42.7% | ||
| Q3 25 | 9.6% | 24.6% | ||
| Q2 25 | 9.8% | 25.9% | ||
| Q1 25 | 9.0% | 24.7% | ||
| Q4 24 | 9.5% | 27.9% | ||
| Q3 24 | 9.6% | 26.4% | ||
| Q2 24 | 9.7% | 27.9% | ||
| Q1 24 | 9.7% | 21.6% |
| Q4 25 | 9.9% | 35.3% | ||
| Q3 25 | 9.8% | 20.3% | ||
| Q2 25 | 9.6% | 23.7% | ||
| Q1 25 | 9.3% | 19.4% | ||
| Q4 24 | 10.4% | 17.2% | ||
| Q3 24 | 9.6% | 4.4% | ||
| Q2 24 | 10.8% | 22.0% | ||
| Q1 24 | 11.1% | 23.6% |
| Q4 25 | $3.11 | $2.59 | ||
| Q3 25 | $2.66 | $0.92 | ||
| Q2 25 | $2.41 | $0.95 | ||
| Q1 25 | $2.25 | $0.77 | ||
| Q4 24 | $2.38 | $0.77 | ||
| Q3 24 | $2.13 | $0.17 | ||
| Q2 24 | $2.22 | $0.81 | ||
| Q1 24 | $2.21 | $0.81 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.8M | $1.6B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $5.1B |
| Total Assets | $3.3B | $8.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $1.6B | ||
| Q3 25 | $968.8M | $1.4B | ||
| Q2 25 | $934.2M | $1.3B | ||
| Q1 25 | $950.7M | $1.4B | ||
| Q4 24 | $934.6M | $1.6B | ||
| Q3 24 | $908.9M | $1.8B | ||
| Q2 24 | $858.6M | $1.3B | ||
| Q1 24 | $794.0M | $1.1B |
| Q4 25 | $2.2B | $5.1B | ||
| Q3 25 | $2.1B | $4.8B | ||
| Q2 25 | $2.0B | $4.8B | ||
| Q1 25 | $1.9B | $4.7B | ||
| Q4 24 | $1.8B | $4.6B | ||
| Q3 24 | $1.8B | $4.6B | ||
| Q2 24 | $1.7B | $4.5B | ||
| Q1 24 | $1.7B | $4.4B |
| Q4 25 | $3.3B | $8.3B | ||
| Q3 25 | $3.0B | $7.6B | ||
| Q2 25 | $2.8B | $7.5B | ||
| Q1 25 | $2.6B | $7.1B | ||
| Q4 24 | $2.5B | $7.0B | ||
| Q3 24 | $2.4B | $7.3B | ||
| Q2 24 | $2.3B | $6.4B | ||
| Q1 24 | $2.2B | $6.3B |
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 | $46.3M | $322.7M |
| Free Cash FlowOCF − Capex | $-5.3M | $320.4M |
| FCF MarginFCF / Revenue | -0.5% | 28.0% |
| Capex IntensityCapex / Revenue | 4.6% | 0.2% |
| Cash ConversionOCF / Net Profit | 0.41× | 0.80× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $710.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $322.7M | ||
| Q3 25 | $102.6M | $258.8M | ||
| Q2 25 | $55.1M | $135.2M | ||
| Q1 25 | $74.2M | $2.8M | ||
| Q4 24 | $115.9M | $247.3M | ||
| Q3 24 | $83.2M | $228.5M | ||
| Q2 24 | $83.1M | $223.8M | ||
| Q1 24 | $100.9M | $-5.0M |
| Q4 25 | $-5.3M | $320.4M | ||
| Q3 25 | $57.3M | $256.4M | ||
| Q2 25 | $4.7M | $133.2M | ||
| Q1 25 | $45.7M | $900.0K | ||
| Q4 24 | $94.0M | $243.5M | ||
| Q3 24 | $62.9M | $225.9M | ||
| Q2 24 | $70.4M | $221.9M | ||
| Q1 24 | $87.3M | $-6.8M |
| Q4 25 | -0.5% | 28.0% | ||
| Q3 25 | 5.9% | 36.6% | ||
| Q2 25 | 0.5% | 21.0% | ||
| Q1 25 | 5.2% | 0.1% | ||
| Q4 24 | 11.3% | 34.4% | ||
| Q3 24 | 7.8% | 36.2% | ||
| Q2 24 | 9.3% | 37.7% | ||
| Q1 24 | 11.9% | -1.2% |
| Q4 25 | 4.6% | 0.2% | ||
| Q3 25 | 4.6% | 0.3% | ||
| Q2 25 | 5.5% | 0.3% | ||
| Q1 25 | 3.3% | 0.3% | ||
| Q4 24 | 2.6% | 0.5% | ||
| Q3 24 | 2.5% | 0.4% | ||
| Q2 24 | 1.7% | 0.3% | ||
| Q1 24 | 1.9% | 0.3% |
| Q4 25 | 0.41× | 0.80× | ||
| Q3 25 | 1.07× | 1.82× | ||
| Q2 25 | 0.63× | 0.90× | ||
| Q1 25 | 0.91× | 0.02× | ||
| Q4 24 | 1.34× | 2.03× | ||
| Q3 24 | 1.07× | 8.37× | ||
| Q2 24 | 1.02× | 1.73× | ||
| Q1 24 | 1.25× | -0.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
JHG
| Investment Advice | $585.2M | 51% |
| Investment Performance | $425.8M | 37% |
| Other | $76.4M | 7% |
