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Side-by-side financial comparison of Magnera Corp (MAGN) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $430.0M, roughly 1.8× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -4.3%, a 11.9% gap on every dollar of revenue. On growth, Magnera Corp posted the faster year-over-year revenue change (12.8% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 10.7%).
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
MAGN vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $430.0M |
| Net Profit | $-34.0M | $32.8M |
| Gross Margin | 12.2% | 75.2% |
| Operating Margin | 1.8% | 8.6% |
| Net Margin | -4.3% | 7.6% |
| Revenue YoY | 12.8% | -9.6% |
| Net Profit YoY | 43.3% | — |
| EPS (diluted) | $-0.95 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $792.0M | $504.3M | ||
| Q3 25 | — | $381.4M | ||
| Q2 25 | $839.0M | $384.5M | ||
| Q1 25 | $824.0M | $475.6M | ||
| Q4 24 | $702.0M | $490.8M | ||
| Q3 24 | $332.1M | $325.1M | ||
| Q2 24 | $556.0M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | $-34.0M | $234.6M | ||
| Q3 25 | — | $43.4M | ||
| Q2 25 | $-18.0M | $30.1M | ||
| Q1 25 | $-41.0M | $85.4M | ||
| Q4 24 | $-60.0M | $119.1M | ||
| Q3 24 | $-15.2M | $-14.4M | ||
| Q2 24 | $19.0M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 12.2% | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | 10.7% | 71.5% | ||
| Q1 25 | 10.7% | 78.5% | ||
| Q4 24 | 10.1% | 79.1% | ||
| Q3 24 | 10.7% | 70.2% | ||
| Q2 24 | 6.6% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 1.8% | 20.7% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | 1.5% | 4.5% | ||
| Q1 25 | 0.5% | 26.7% | ||
| Q4 24 | -3.1% | 29.1% | ||
| Q3 24 | 0.9% | -3.6% | ||
| Q2 24 | 3.1% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | -4.3% | 46.5% | ||
| Q3 25 | — | 11.4% | ||
| Q2 25 | -2.1% | 7.8% | ||
| Q1 25 | -5.0% | 18.0% | ||
| Q4 24 | -8.5% | 24.3% | ||
| Q3 24 | -4.6% | -4.4% | ||
| Q2 24 | 3.4% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $-0.95 | $0.81 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | $-0.51 | $0.17 | ||
| Q1 25 | $-1.15 | $0.91 | ||
| Q4 24 | $-1.69 | $1.35 | ||
| Q3 24 | $-0.33 | $-0.17 | ||
| Q2 24 | $0.60 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $264.0M | $270.0M |
| Total DebtLower is stronger | $1.9B | — |
| Stockholders' EquityBook value | $1.0B | $705.9M |
| Total Assets | $3.9B | $1.6B |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $264.0M | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | $276.0M | $411.6M | ||
| Q1 25 | $282.0M | $371.7M | ||
| Q4 24 | $215.0M | $740.0M | ||
| Q3 24 | $230.0M | $703.0M | ||
| Q2 24 | $33.9M | $665.1M |
| Q1 26 | — | — | ||
| Q4 25 | $1.9B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $2.0B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $877.4M | — |
| Q1 26 | — | $705.9M | ||
| Q4 25 | $1.0B | $787.4M | ||
| Q3 25 | — | $596.8M | ||
| Q2 25 | $1.1B | $624.5M | ||
| Q1 25 | $1.1B | $611.3M | ||
| Q4 24 | $1.1B | $585.5M | ||
| Q3 24 | $2.1B | $473.0M | ||
| Q2 24 | $2.4B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $3.9B | $1.6B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | $4.1B | $1.3B | ||
| Q1 25 | $4.1B | $1.3B | ||
| Q4 24 | $4.0B | $1.8B | ||
| Q3 24 | $2.8B | $1.6B | ||
| Q2 24 | $1.5B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 1.80× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.37× | — |
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 | $2.0M | — |
| Free Cash FlowOCF − Capex | $-13.0M | $206.5M |
| FCF MarginFCF / Revenue | -1.6% | 48.0% |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.0M | $158.4M | ||
| Q3 25 | — | $56.3M | ||
| Q2 25 | $0 | $86.3M | ||
| Q1 25 | $65.0M | $204.2M | ||
| Q4 24 | $-58.0M | $95.2M | ||
| Q3 24 | $12.2M | $30.5M | ||
| Q2 24 | $38.0M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-13.0M | $152.4M | ||
| Q3 25 | — | $51.8M | ||
| Q2 25 | — | $84.1M | ||
| Q1 25 | $42.0M | $202.3M | ||
| Q4 24 | $-74.0M | $92.4M | ||
| Q3 24 | $3.6M | $27.4M | ||
| Q2 24 | $23.0M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -1.6% | 30.2% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | 5.1% | 42.5% | ||
| Q4 24 | -10.5% | 18.8% | ||
| Q3 24 | 1.1% | 8.4% | ||
| Q2 24 | 4.1% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 1.2% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | 1.5% | 0.6% | ||
| Q1 25 | 2.8% | 0.4% | ||
| Q4 24 | 2.3% | 0.6% | ||
| Q3 24 | 2.6% | 0.9% | ||
| Q2 24 | 2.7% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | — | 1.30× | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | — | ||
| Q2 24 | 2.00× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
