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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and WEX Inc. (WEX). Click either name above to swap in a different company.

WEX Inc. is the larger business by last-quarter revenue ($652.7M vs $336.2M, roughly 1.9× FULTON FINANCIAL CORP). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs 10.1%, a 18.1% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs -3.1%). Over the past eight quarters, WEX Inc.'s revenue compounded faster (16.8% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

WEX Inc. is a provider of payment processing and information management services to the United States commercial and government vehicle fleet industry. The company is headquartered in Portland, Maine and provides services in the United States, Canada, South America, Europe, Asia, and Australia.

FULT vs WEX — Head-to-Head

Bigger by revenue
WEX
WEX
1.9× larger
WEX
$652.7M
$336.2M
FULT
Growing faster (revenue YoY)
FULT
FULT
+7.3% gap
FULT
4.2%
-3.1%
WEX
Higher net margin
FULT
FULT
18.1% more per $
FULT
28.2%
10.1%
WEX
Faster 2-yr revenue CAGR
WEX
WEX
Annualised
WEX
16.8%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FULT
FULT
WEX
WEX
Revenue
$336.2M
$652.7M
Net Profit
$94.8M
$65.8M
Gross Margin
Operating Margin
25.2%
Net Margin
28.2%
10.1%
Revenue YoY
4.2%
-3.1%
Net Profit YoY
1.9%
-15.3%
EPS (diluted)
$0.55

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
FULT
FULT
WEX
WEX
Q1 26
$336.2M
$652.7M
Q4 25
$336.0M
$465.1M
Q3 25
$334.6M
$481.6M
Q2 25
$324.1M
$454.4M
Q1 25
$318.4M
$444.3M
Q4 24
$319.6M
$440.3M
Q3 24
$317.7M
$479.0M
Q2 24
$334.7M
$478.6M
Net Profit
FULT
FULT
WEX
WEX
Q1 26
$94.8M
$65.8M
Q4 25
$99.0M
$84.2M
Q3 25
$100.5M
$80.3M
Q2 25
$99.2M
$68.1M
Q1 25
$93.0M
$71.5M
Q4 24
$68.6M
$63.9M
Q3 24
$63.2M
$102.9M
Q2 24
$95.0M
$77.0M
Gross Margin
FULT
FULT
WEX
WEX
Q1 26
Q4 25
39.0%
Q3 25
43.0%
Q2 25
40.0%
Q1 25
39.2%
Q4 24
41.5%
Q3 24
48.0%
Q2 24
44.9%
Operating Margin
FULT
FULT
WEX
WEX
Q1 26
25.2%
Q4 25
35.7%
35.7%
Q3 25
38.2%
38.1%
Q2 25
37.8%
34.5%
Q1 25
36.1%
35.4%
Q4 24
27.0%
35.7%
Q3 24
25.1%
41.0%
Q2 24
30.8%
35.1%
Net Margin
FULT
FULT
WEX
WEX
Q1 26
28.2%
10.1%
Q4 25
29.5%
18.1%
Q3 25
30.0%
16.7%
Q2 25
30.6%
15.0%
Q1 25
29.2%
16.1%
Q4 24
21.5%
14.5%
Q3 24
19.9%
21.5%
Q2 24
28.4%
16.1%
EPS (diluted)
FULT
FULT
WEX
WEX
Q1 26
$0.55
Q4 25
$0.53
$2.38
Q3 25
$0.53
$2.30
Q2 25
$0.53
$1.98
Q1 25
$0.49
$1.81
Q4 24
$0.36
$1.60
Q3 24
$0.33
$2.52
Q2 24
$0.52
$1.83

Balance Sheet & Financial Strength

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

Metric
FULT
FULT
WEX
WEX
Cash + ST InvestmentsLiquidity on hand
$780.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
Total Assets
$32.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
WEX
WEX
Q1 26
$780.0M
Q4 25
$5.2B
Q3 25
$4.9B
Q2 25
$4.9B
Q1 25
$4.4B
Q4 24
$4.4B
Q3 24
$4.3B
Q2 24
$4.0B
Stockholders' Equity
FULT
FULT
WEX
WEX
Q1 26
$3.5B
Q4 25
$3.5B
$1.2B
Q3 25
$3.4B
$1.1B
Q2 25
$3.3B
$978.7M
Q1 25
$3.3B
$810.4M
Q4 24
$3.2B
$1.5B
Q3 24
$3.2B
$1.7B
Q2 24
$3.1B
$1.8B
Total Assets
FULT
FULT
WEX
WEX
Q1 26
$32.2B
Q4 25
$32.1B
$14.4B
Q3 25
$32.0B
$14.4B
Q2 25
$32.0B
$14.7B
Q1 25
$32.1B
$14.0B
Q4 24
$32.1B
$13.3B
Q3 24
$32.2B
$14.0B
Q2 24
$31.8B
$14.2B

Cash Flow & Capital Efficiency

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

Metric
FULT
FULT
WEX
WEX
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-9.2M
FCF MarginFCF / Revenue
-1.4%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$818.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
WEX
WEX
Q1 26
Q4 25
$304.5M
$294.7M
Q3 25
$116.1M
$376.6M
Q2 25
$91.7M
$264.6M
Q1 25
$703.0K
$-481.6M
Q4 24
$416.6M
$638.4M
Q3 24
$-22.0M
$3.3M
Q2 24
$157.8M
$-7.0M
Free Cash Flow
FULT
FULT
WEX
WEX
Q1 26
$-9.2M
Q4 25
$256.3M
Q3 25
$341.6M
Q2 25
$230.0M
Q1 25
$-514.2M
Q4 24
$599.7M
Q3 24
$-31.7M
Q2 24
$-46.6M
FCF Margin
FULT
FULT
WEX
WEX
Q1 26
-1.4%
Q4 25
55.1%
Q3 25
70.9%
Q2 25
50.6%
Q1 25
-115.7%
Q4 24
136.2%
Q3 24
-6.6%
Q2 24
-9.7%
Capex Intensity
FULT
FULT
WEX
WEX
Q1 26
5.2%
Q4 25
8.3%
Q3 25
7.3%
Q2 25
7.6%
Q1 25
7.3%
Q4 24
8.8%
Q3 24
7.3%
Q2 24
8.3%
Cash Conversion
FULT
FULT
WEX
WEX
Q1 26
Q4 25
3.08×
3.50×
Q3 25
1.16×
4.69×
Q2 25
0.92×
3.89×
Q1 25
0.01×
-6.74×
Q4 24
6.07×
9.99×
Q3 24
-0.35×
0.03×
Q2 24
1.66×
-0.09×

Financial Flow Comparison

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

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