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Side-by-side financial comparison of Freshworks Inc. (FRSH) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.
Freshworks Inc. is the larger business by last-quarter revenue ($222.7M vs $191.2M, roughly 1.2× POWER SOLUTIONS INTERNATIONAL, INC.). Freshworks Inc. runs the higher net margin — 86.0% vs 8.4%, a 77.5% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 14.5%). Freshworks Inc. produced more free cash flow last quarter ($60.1M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% CAGR vs 16.1%).
Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
FRSH vs PSIX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.7M | $191.2M |
| Net Profit | $191.4M | $16.1M |
| Gross Margin | 85.6% | 21.9% |
| Operating Margin | 17.8% | 12.7% |
| Net Margin | 86.0% | 8.4% |
| Revenue YoY | 14.5% | 32.5% |
| Net Profit YoY | 974.2% | -31.0% |
| EPS (diluted) | $0.66 | $0.69 |
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 | $222.7M | $191.2M | ||
| Q3 25 | $215.1M | $203.8M | ||
| Q2 25 | $204.7M | $191.9M | ||
| Q1 25 | $196.3M | $135.4M | ||
| Q4 24 | $194.6M | $144.3M | ||
| Q3 24 | $186.6M | $125.8M | ||
| Q2 24 | $174.1M | $110.6M | ||
| Q1 24 | $165.1M | $95.2M |
| Q4 25 | $191.4M | $16.1M | ||
| Q3 25 | $-4.7M | $27.6M | ||
| Q2 25 | $-1.7M | $51.2M | ||
| Q1 25 | $-1.3M | $19.1M | ||
| Q4 24 | $-21.9M | $23.3M | ||
| Q3 24 | $-30.0M | $17.3M | ||
| Q2 24 | $-20.2M | $21.5M | ||
| Q1 24 | $-23.3M | $7.1M |
| Q4 25 | 85.6% | 21.9% | ||
| Q3 25 | 84.7% | 23.9% | ||
| Q2 25 | 84.8% | 28.2% | ||
| Q1 25 | 84.8% | 29.7% | ||
| Q4 24 | 84.9% | 29.9% | ||
| Q3 24 | 84.0% | 28.9% | ||
| Q2 24 | 83.8% | 31.8% | ||
| Q1 24 | 84.3% | 27.0% |
| Q4 25 | 17.8% | 12.7% | ||
| Q3 25 | -3.5% | 13.9% | ||
| Q2 25 | -4.2% | 16.9% | ||
| Q1 25 | -5.3% | 18.2% | ||
| Q4 24 | -12.2% | 17.5% | ||
| Q3 24 | -20.8% | 16.3% | ||
| Q2 24 | -25.1% | 22.9% | ||
| Q1 24 | -19.5% | 11.2% |
| Q4 25 | 86.0% | 8.4% | ||
| Q3 25 | -2.2% | 13.5% | ||
| Q2 25 | -0.8% | 26.7% | ||
| Q1 25 | -0.7% | 14.1% | ||
| Q4 24 | -11.3% | 16.1% | ||
| Q3 24 | -16.1% | 13.8% | ||
| Q2 24 | -11.6% | 19.5% | ||
| Q1 24 | -14.1% | 7.5% |
| Q4 25 | $0.66 | $0.69 | ||
| Q3 25 | $-0.02 | $1.20 | ||
| Q2 25 | $-0.01 | $2.22 | ||
| Q1 25 | $0.00 | $0.83 | ||
| Q4 24 | $-0.07 | $1.01 | ||
| Q3 24 | $-0.10 | $0.75 | ||
| Q2 24 | $-0.07 | $0.94 | ||
| Q1 24 | $-0.08 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $781.4M | $41.3M |
| Total DebtLower is stronger | — | $96.6M |
| Stockholders' EquityBook value | $1.0B | $178.6M |
| Total Assets | $1.6B | $424.7M |
| Debt / EquityLower = less leverage | — | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $781.4M | $41.3M | ||
| Q3 25 | $813.2M | $49.0M | ||
| Q2 25 | $926.2M | $49.5M | ||
| Q1 25 | $995.3M | $50.0M | ||
| Q4 24 | $1.1B | $55.3M | ||
| Q3 24 | $1.1B | $40.5M | ||
| Q2 24 | $1.0B | $28.8M | ||
| Q1 24 | $1.2B | $33.1M |
| Q4 25 | — | $96.6M | ||
| Q3 25 | — | $96.7M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $184.0K | ||
| Q3 24 | — | $238.0K | ||
| Q2 24 | — | $292.0K | ||
| Q1 24 | — | $345.0K |
| Q4 25 | $1.0B | $178.6M | ||
| Q3 25 | $851.5M | $162.5M | ||
| Q2 25 | $984.6M | $135.7M | ||
| Q1 25 | $1.1B | $84.3M | ||
| Q4 24 | $1.1B | $65.3M | ||
| Q3 24 | $1.1B | $42.1M | ||
| Q2 24 | $1.1B | $24.8M | ||
| Q1 24 | $1.1B | $3.2M |
| Q4 25 | $1.6B | $424.7M | ||
| Q3 25 | $1.4B | $458.9M | ||
| Q2 25 | $1.5B | $437.7M | ||
| Q1 25 | $1.5B | $372.7M | ||
| Q4 24 | $1.6B | $328.2M | ||
| Q3 24 | $1.6B | $339.1M | ||
| Q2 24 | $1.5B | $307.6M | ||
| Q1 24 | $1.5B | $286.8M |
| Q4 25 | — | 0.54× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.01× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | 0.11× |
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 | $62.3M | $-4.6M |
| Free Cash FlowOCF − Capex | $60.1M | $-7.6M |
| FCF MarginFCF / Revenue | 27.0% | -4.0% |
| Capex IntensityCapex / Revenue | 1.0% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.33× | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $236.7M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $-4.6M | ||
| Q3 25 | $63.5M | $3.3M | ||
| Q2 25 | $58.6M | $16.7M | ||
| Q1 25 | $58.0M | $8.8M | ||
| Q4 24 | $41.4M | $32.7M | ||
| Q3 24 | $42.3M | $12.6M | ||
| Q2 24 | $36.3M | $1.5M | ||
| Q1 24 | $40.6M | $15.6M |
| Q4 25 | $60.1M | $-7.6M | ||
| Q3 25 | $61.7M | $1.7M | ||
| Q2 25 | $58.2M | $14.6M | ||
| Q1 25 | $56.7M | $5.4M | ||
| Q4 24 | $36.3M | $30.0M | ||
| Q3 24 | $41.3M | $12.1M | ||
| Q2 24 | $34.0M | $822.0K | ||
| Q1 24 | $39.9M | $14.8M |
| Q4 25 | 27.0% | -4.0% | ||
| Q3 25 | 28.7% | 0.8% | ||
| Q2 25 | 28.4% | 7.6% | ||
| Q1 25 | 28.9% | 4.0% | ||
| Q4 24 | 18.7% | 20.8% | ||
| Q3 24 | 22.1% | 9.7% | ||
| Q2 24 | 19.5% | 0.7% | ||
| Q1 24 | 24.1% | 15.6% |
| Q4 25 | 1.0% | 1.6% | ||
| Q3 25 | 0.8% | 0.8% | ||
| Q2 25 | 0.2% | 1.1% | ||
| Q1 25 | 0.7% | 2.5% | ||
| Q4 24 | 2.6% | 1.8% | ||
| Q3 24 | 0.6% | 0.3% | ||
| Q2 24 | 1.3% | 0.6% | ||
| Q1 24 | 0.4% | 0.9% |
| Q4 25 | 0.33× | -0.29× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.46× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 0.73× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 2.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FRSH
| Subscription Services Software Licenses And Maintenance | $220.2M | 99% |
| Professional Services | $2.5M | 1% |
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
