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Side-by-side financial comparison of Jack Henry & Associates (JKHY) and Western Midstream Partners, LP (WES). Click either name above to swap in a different company.

Western Midstream Partners, LP is the larger business by last-quarter revenue ($1.0B vs $619.3M, roughly 1.7× Jack Henry & Associates). Jack Henry & Associates runs the higher net margin — 20.1% vs 18.5%, a 1.6% gap on every dollar of revenue. On growth, Western Midstream Partners, LP posted the faster year-over-year revenue change (11.0% vs 7.9%). Western Midstream Partners, LP produced more free cash flow last quarter ($335.4M vs $131.4M). Over the past eight quarters, Western Midstream Partners, LP's revenue compounded faster (7.8% CAGR vs 7.2%).

Jack Henry and Associates, also known as Jack Henry is an American company founded in 1976 and devoted to financial technology and payment processing services, mostly for community banks and credit unions. They assist regional banks and credit unions to control risk, make regulatory filings and add or improve their online banking services. Jack Henry stock trades on the NASDAQ exchange under the symbol JKHY, and is also part of the S&P 400 for mid-size American companies.

Sunoco LP is an American vehicle gasoline master limited partnership company organized under Delaware state law and headquartered in Dallas, Texas. Dating back to 1886, the company has transformed from a vertically integrated energy company to a distributor of fuels and operator of energy infrastructure. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses.

JKHY vs WES — Head-to-Head

Bigger by revenue
WES
WES
1.7× larger
WES
$1.0B
$619.3M
JKHY
Growing faster (revenue YoY)
WES
WES
+3.0% gap
WES
11.0%
7.9%
JKHY
Higher net margin
JKHY
JKHY
1.6% more per $
JKHY
20.1%
18.5%
WES
More free cash flow
WES
WES
$204.0M more FCF
WES
$335.4M
$131.4M
JKHY
Faster 2-yr revenue CAGR
WES
WES
Annualised
WES
7.8%
7.2%
JKHY

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
JKHY
JKHY
WES
WES
Revenue
$619.3M
$1.0B
Net Profit
$124.7M
$190.7M
Gross Margin
43.3%
Operating Margin
25.7%
29.7%
Net Margin
20.1%
18.5%
Revenue YoY
7.9%
11.0%
Net Profit YoY
27.4%
-42.8%
EPS (diluted)
$1.72

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
JKHY
JKHY
WES
WES
Q4 25
$619.3M
$1.0B
Q3 25
$644.7M
$952.3M
Q2 25
$615.4M
$942.1M
Q1 25
$585.1M
$916.9M
Q4 24
$573.8M
$928.4M
Q3 24
$601.0M
$883.1M
Q2 24
$559.9M
$905.4M
Q1 24
$538.6M
$887.3M
Net Profit
JKHY
JKHY
WES
WES
Q4 25
$124.7M
$190.7M
Q3 25
$144.0M
$339.6M
Q2 25
$127.6M
$341.7M
Q1 25
$111.1M
$309.0M
Q4 24
$97.8M
$333.6M
Q3 24
$119.2M
$288.5M
Q2 24
$101.1M
$378.6M
Q1 24
$87.1M
$572.8M
Gross Margin
JKHY
JKHY
WES
WES
Q4 25
43.3%
Q3 25
45.9%
Q2 25
44.1%
Q1 25
41.8%
Q4 24
42.0%
Q3 24
42.9%
Q2 24
41.5%
Q1 24
39.1%
Operating Margin
JKHY
JKHY
WES
WES
Q4 25
25.7%
29.7%
Q3 25
28.5%
46.4%
Q2 25
25.3%
47.2%
Q1 25
23.7%
44.7%
Q4 24
21.4%
45.9%
Q3 24
25.2%
44.8%
Q2 24
22.4%
51.9%
Q1 24
20.8%
76.6%
Net Margin
JKHY
JKHY
WES
WES
Q4 25
20.1%
18.5%
Q3 25
22.3%
35.7%
Q2 25
20.7%
36.3%
Q1 25
19.0%
33.7%
Q4 24
17.1%
35.9%
Q3 24
19.8%
32.7%
Q2 24
18.1%
41.8%
Q1 24
16.2%
64.6%
EPS (diluted)
JKHY
JKHY
WES
WES
Q4 25
$1.72
Q3 25
$1.97
Q2 25
$1.75
Q1 25
$1.52
Q4 24
$1.34
Q3 24
$1.63
Q2 24
$1.39
Q1 24
$1.19

Balance Sheet & Financial Strength

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

Metric
JKHY
JKHY
WES
WES
Cash + ST InvestmentsLiquidity on hand
$28.2M
$819.5M
Total DebtLower is stronger
$8.2B
Stockholders' EquityBook value
$2.2B
Total Assets
$3.1B
$15.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JKHY
JKHY
WES
WES
Q4 25
$28.2M
$819.5M
Q3 25
$36.2M
$177.3M
Q2 25
$102.0M
$129.7M
Q1 25
$39.9M
$448.4M
Q4 24
$25.7M
$1.1B
Q3 24
$43.2M
$1.1B
Q2 24
$38.3M
$344.1M
Q1 24
$27.3M
$295.2M
Total Debt
JKHY
JKHY
WES
WES
Q4 25
$8.2B
Q3 25
$6.9B
Q2 25
$0
$6.9B
Q1 25
$6.9B
Q4 24
$6.9B
Q3 24
$6.9B
Q2 24
$60.0M
$7.1B
Q1 24
$250.0M
$7.3B
Stockholders' Equity
JKHY
JKHY
WES
WES
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.8B
Total Assets
JKHY
JKHY
WES
WES
Q4 25
$3.1B
$15.0B
Q3 25
$3.0B
$12.1B
Q2 25
$3.0B
$12.2B
Q1 25
$2.9B
$12.5B
Q4 24
$2.9B
$13.1B
Q3 24
$2.9B
$13.0B
Q2 24
$2.9B
$12.2B
Q1 24
$2.8B
$12.3B
Debt / Equity
JKHY
JKHY
WES
WES
Q4 25
Q3 25
Q2 25
0.00×
Q1 25
Q4 24
Q3 24
Q2 24
0.03×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
JKHY
JKHY
WES
WES
Operating Cash FlowLast quarter
$152.7M
$557.6M
Free Cash FlowOCF − Capex
$131.4M
$335.4M
FCF MarginFCF / Revenue
21.2%
32.6%
Capex IntensityCapex / Revenue
3.4%
21.6%
Cash ConversionOCF / Net Profit
1.22×
2.92×
TTM Free Cash FlowTrailing 4 quarters
$654.2M
$1.5B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JKHY
JKHY
WES
WES
Q4 25
$152.7M
$557.6M
Q3 25
$120.6M
$570.2M
Q2 25
$327.1M
$564.0M
Q1 25
$107.8M
$530.8M
Q4 24
$89.6M
$554.4M
Q3 24
$116.9M
$551.3M
Q2 24
$231.8M
$631.4M
Q1 24
$97.6M
$399.7M
Free Cash Flow
JKHY
JKHY
WES
WES
Q4 25
$131.4M
$335.4M
Q3 25
$111.7M
$385.5M
Q2 25
$314.9M
$385.4M
Q1 25
$96.1M
$388.4M
Q4 24
$73.0M
$315.7M
Q3 24
$104.1M
$361.9M
Q2 24
$208.0M
$419.6M
Q1 24
$87.7M
$205.9M
FCF Margin
JKHY
JKHY
WES
WES
Q4 25
21.2%
32.6%
Q3 25
17.3%
40.5%
Q2 25
51.2%
40.9%
Q1 25
16.4%
42.4%
Q4 24
12.7%
34.0%
Q3 24
17.3%
41.0%
Q2 24
37.2%
46.3%
Q1 24
16.3%
23.2%
Capex Intensity
JKHY
JKHY
WES
WES
Q4 25
3.4%
21.6%
Q3 25
1.4%
19.4%
Q2 25
2.0%
19.0%
Q1 25
2.0%
15.5%
Q4 24
2.9%
25.7%
Q3 24
2.1%
21.5%
Q2 24
4.2%
23.4%
Q1 24
1.8%
21.8%
Cash Conversion
JKHY
JKHY
WES
WES
Q4 25
1.22×
2.92×
Q3 25
0.84×
1.68×
Q2 25
2.56×
1.65×
Q1 25
0.97×
1.72×
Q4 24
0.92×
1.66×
Q3 24
0.98×
1.91×
Q2 24
2.29×
1.67×
Q1 24
1.12×
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JKHY
JKHY

Processing$273.5M44%
Private Public Cloud$202.7M33%
On Premise Support$79.0M13%
Product Deliveryand Service$64.1M10%

WES
WES

Segment breakdown not available.

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