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Side-by-side financial comparison of Magnera Corp (MAGN) and BLUE OWL CAPITAL INC. (OWL). Click either name above to swap in a different company.

Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $755.6M, roughly 1.0× BLUE OWL CAPITAL INC.). BLUE OWL CAPITAL INC. runs the higher net margin — 6.3% vs -4.3%, a 10.6% gap on every dollar of revenue. On growth, BLUE OWL CAPITAL INC. posted the faster year-over-year revenue change (19.7% vs 12.8%). BLUE OWL CAPITAL INC. produced more free cash flow last quarter ($359.1M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 21.3%).

Blue Owl Capital Inc. is an American alternative investment asset management company that is listed on the New York Stock Exchange under the ticker symbol: "OWL". Headquartered in New York City, it has additional offices around the world, including London, Dubai, and Hong Kong.

MAGN vs OWL — Head-to-Head

Bigger by revenue
MAGN
MAGN
1.0× larger
MAGN
$792.0M
$755.6M
OWL
Growing faster (revenue YoY)
OWL
OWL
+6.9% gap
OWL
19.7%
12.8%
MAGN
Higher net margin
OWL
OWL
10.6% more per $
OWL
6.3%
-4.3%
MAGN
More free cash flow
OWL
OWL
$372.1M more FCF
OWL
$359.1M
$-13.0M
MAGN
Faster 2-yr revenue CAGR
MAGN
MAGN
Annualised
MAGN
54.9%
21.3%
OWL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAGN
MAGN
OWL
OWL
Revenue
$792.0M
$755.6M
Net Profit
$-34.0M
$47.7M
Gross Margin
12.2%
Operating Margin
1.8%
22.2%
Net Margin
-4.3%
6.3%
Revenue YoY
12.8%
19.7%
Net Profit YoY
43.3%
129.8%
EPS (diluted)
$-0.95
$0.07

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
MAGN
MAGN
OWL
OWL
Q4 25
$792.0M
$755.6M
Q3 25
$728.0M
Q2 25
$839.0M
$703.1M
Q1 25
$824.0M
$683.5M
Q4 24
$702.0M
$631.4M
Q3 24
$332.1M
$600.9M
Q2 24
$556.0M
$549.8M
Q1 24
$558.0M
$513.3M
Net Profit
MAGN
MAGN
OWL
OWL
Q4 25
$-34.0M
$47.7M
Q3 25
$6.3M
Q2 25
$-18.0M
$17.4M
Q1 25
$-41.0M
$7.4M
Q4 24
$-60.0M
$20.7M
Q3 24
$-15.2M
$29.8M
Q2 24
$19.0M
$33.9M
Q1 24
$14.0M
$25.1M
Gross Margin
MAGN
MAGN
OWL
OWL
Q4 25
12.2%
Q3 25
Q2 25
10.7%
Q1 25
10.7%
Q4 24
10.1%
Q3 24
10.7%
Q2 24
6.6%
Q1 24
6.2%
Operating Margin
MAGN
MAGN
OWL
OWL
Q4 25
1.8%
22.2%
Q3 25
7.6%
Q2 25
1.5%
12.0%
Q1 25
0.5%
5.9%
Q4 24
-3.1%
11.7%
Q3 24
0.9%
18.7%
Q2 24
3.1%
28.4%
Q1 24
3.8%
24.7%
Net Margin
MAGN
MAGN
OWL
OWL
Q4 25
-4.3%
6.3%
Q3 25
0.9%
Q2 25
-2.1%
2.5%
Q1 25
-5.0%
1.1%
Q4 24
-8.5%
3.3%
Q3 24
-4.6%
5.0%
Q2 24
3.4%
6.2%
Q1 24
2.5%
4.9%
EPS (diluted)
MAGN
MAGN
OWL
OWL
Q4 25
$-0.95
$0.07
Q3 25
$0.01
Q2 25
$-0.51
$0.02
Q1 25
$-1.15
$0.00
Q4 24
$-1.69
$0.06
Q3 24
$-0.33
$0.04
Q2 24
$0.60
$0.06
Q1 24
$0.44
$0.04

Balance Sheet & Financial Strength

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

Metric
MAGN
MAGN
OWL
OWL
Cash + ST InvestmentsLiquidity on hand
$264.0M
$194.5M
Total DebtLower is stronger
$1.9B
$3.3B
Stockholders' EquityBook value
$1.0B
$2.2B
Total Assets
$3.9B
$12.5B
Debt / EquityLower = less leverage
1.86×
1.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAGN
MAGN
OWL
OWL
Q4 25
$264.0M
$194.5M
Q3 25
$137.3M
Q2 25
$276.0M
$117.6M
Q1 25
$282.0M
$97.6M
Q4 24
$215.0M
$152.1M
Q3 24
$230.0M
$115.9M
Q2 24
$33.9M
$436.8M
Q1 24
$30.2M
$155.8M
Total Debt
MAGN
MAGN
OWL
OWL
Q4 25
$1.9B
$3.3B
Q3 25
$3.2B
Q2 25
$2.0B
$3.2B
Q1 25
$2.0B
$3.2B
Q4 24
$2.0B
$2.6B
Q3 24
$2.0B
$2.5B
Q2 24
$877.4M
$2.5B
Q1 24
$884.7M
$2.1B
Stockholders' Equity
MAGN
MAGN
OWL
OWL
Q4 25
$1.0B
$2.2B
Q3 25
$2.3B
Q2 25
$1.1B
$2.4B
Q1 25
$1.1B
$2.3B
Q4 24
$1.1B
$2.1B
Q3 24
$2.1B
$2.0B
Q2 24
$2.4B
$1.7B
Q1 24
$2.4B
$1.6B
Total Assets
MAGN
MAGN
OWL
OWL
Q4 25
$3.9B
$12.5B
Q3 25
$12.5B
Q2 25
$4.1B
$12.3B
Q1 25
$4.1B
$12.3B
Q4 24
$4.0B
$11.0B
Q3 24
$2.8B
$10.8B
Q2 24
$1.5B
$9.7B
Q1 24
$1.5B
$9.0B
Debt / Equity
MAGN
MAGN
OWL
OWL
Q4 25
1.86×
1.51×
Q3 25
1.41×
Q2 25
1.77×
1.38×
Q1 25
1.83×
1.37×
Q4 24
1.80×
1.22×
Q3 24
0.91×
1.27×
Q2 24
0.37×
1.41×
Q1 24
0.36×
1.26×

Cash Flow & Capital Efficiency

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

Metric
MAGN
MAGN
OWL
OWL
Operating Cash FlowLast quarter
$2.0M
$382.9M
Free Cash FlowOCF − Capex
$-13.0M
$359.1M
FCF MarginFCF / Revenue
-1.6%
47.5%
Capex IntensityCapex / Revenue
1.9%
3.1%
Cash ConversionOCF / Net Profit
8.03×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAGN
MAGN
OWL
OWL
Q4 25
$2.0M
$382.9M
Q3 25
$433.1M
Q2 25
$0
$422.5M
Q1 25
$65.0M
$17.6M
Q4 24
$-58.0M
$324.0M
Q3 24
$12.2M
$326.0M
Q2 24
$38.0M
$302.3M
Q1 24
$20.0M
$47.2M
Free Cash Flow
MAGN
MAGN
OWL
OWL
Q4 25
$-13.0M
$359.1M
Q3 25
$422.5M
Q2 25
$412.5M
Q1 25
$42.0M
$4.2M
Q4 24
$-74.0M
$310.1M
Q3 24
$3.6M
$314.8M
Q2 24
$23.0M
$269.4M
Q1 24
$12.5M
$41.1M
FCF Margin
MAGN
MAGN
OWL
OWL
Q4 25
-1.6%
47.5%
Q3 25
58.0%
Q2 25
58.7%
Q1 25
5.1%
0.6%
Q4 24
-10.5%
49.1%
Q3 24
1.1%
52.4%
Q2 24
4.1%
49.0%
Q1 24
2.2%
8.0%
Capex Intensity
MAGN
MAGN
OWL
OWL
Q4 25
1.9%
3.1%
Q3 25
1.5%
Q2 25
1.5%
1.4%
Q1 25
2.8%
2.0%
Q4 24
2.3%
2.2%
Q3 24
2.6%
1.9%
Q2 24
2.7%
6.0%
Q1 24
1.3%
1.2%
Cash Conversion
MAGN
MAGN
OWL
OWL
Q4 25
8.03×
Q3 25
68.64×
Q2 25
24.25×
Q1 25
2.37×
Q4 24
15.62×
Q3 24
10.94×
Q2 24
2.00×
8.91×
Q1 24
1.43×
1.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAGN
MAGN

Other$451.0M57%
United States And Canada$341.0M43%

OWL
OWL

Credit Platform$455.0M60%
GP Strategic Capital Platform$157.0M21%
Administrative Service$87.6M12%
IPI Partners LLC$33.8M4%
Other$22.2M3%

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