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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and STARZ ENTERTAINMENT CORP (STRZ). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $320.9M, roughly 1.3× STARZ ENTERTAINMENT CORP). PEGASYSTEMS INC runs the higher net margin — 7.6% vs -16.4%, a 24.0% gap on every dollar of revenue. On growth, STARZ ENTERTAINMENT CORP posted the faster year-over-year revenue change (-7.5% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-31.3M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs -40.6%).
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.
Starz Entertainment Corp., formerly known as Lions Gate Entertainment Corporation, or simply Lionsgate, is a Canadian-American entertainment company currently headquartered in Santa Monica, California. Founded by Frank Giustra on July 10, 1997, it is/was domiciled and incorporated in Vancouver, British Columbia.
PEGA vs STRZ — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $320.9M |
| Net Profit | $32.8M | $-52.6M |
| Gross Margin | 75.2% | — |
| Operating Margin | 8.6% | -10.8% |
| Net Margin | 7.6% | -16.4% |
| Revenue YoY | -9.6% | -7.5% |
| Net Profit YoY | — | -71.9% |
| EPS (diluted) | $0.18 | $-3.15 |
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 | $504.3M | — | ||
| Q3 25 | $381.4M | $320.9M | ||
| Q2 25 | $384.5M | $319.7M | ||
| Q1 25 | $475.6M | — | ||
| Q4 24 | $490.8M | $970.5M | ||
| Q3 24 | $325.1M | $346.9M | ||
| Q2 24 | $351.2M | $347.6M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | — | ||
| Q3 25 | $43.4M | $-52.6M | ||
| Q2 25 | $30.1M | $-42.5M | ||
| Q1 25 | $85.4M | — | ||
| Q4 24 | $119.1M | $-21.9M | ||
| Q3 24 | $-14.4M | $-30.6M | ||
| Q2 24 | $6.6M | $4.2M |
| Q1 26 | 75.2% | — | ||
| Q4 25 | 79.5% | — | ||
| Q3 25 | 72.2% | — | ||
| Q2 25 | 71.5% | — | ||
| Q1 25 | 78.5% | — | ||
| Q4 24 | 79.1% | — | ||
| Q3 24 | 70.2% | — | ||
| Q2 24 | 72.4% | — |
| Q1 26 | 8.6% | — | ||
| Q4 25 | 20.7% | — | ||
| Q3 25 | 3.8% | -10.8% | ||
| Q2 25 | 4.5% | -8.4% | ||
| Q1 25 | 26.7% | — | ||
| Q4 24 | 29.1% | 3.7% | ||
| Q3 24 | -3.6% | -4.9% | ||
| Q2 24 | 3.7% | 2.9% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | — | ||
| Q3 25 | 11.4% | -16.4% | ||
| Q2 25 | 7.8% | -13.3% | ||
| Q1 25 | 18.0% | — | ||
| Q4 24 | 24.3% | -2.3% | ||
| Q3 24 | -4.4% | -8.8% | ||
| Q2 24 | 1.9% | 1.2% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | — | ||
| Q3 25 | $0.24 | $-3.15 | ||
| Q2 25 | $0.17 | $-2.54 | ||
| Q1 25 | $0.91 | — | ||
| Q4 24 | $1.35 | $-0.09 | ||
| Q3 24 | $-0.17 | $-1.83 | ||
| Q2 24 | $0.07 | $0.26 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $270.0M | $37.0M |
| Total DebtLower is stronger | — | $608.7M |
| Stockholders' EquityBook value | $705.9M | $663.2M |
| Total Assets | $1.6B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | — | ||
| Q3 25 | $351.4M | $37.0M | ||
| Q2 25 | $411.6M | $51.6M | ||
| Q1 25 | $371.7M | — | ||
| Q4 24 | $740.0M | $200.5M | ||
| Q3 24 | $703.0M | $229.6M | ||
| Q2 24 | $665.1M | $192.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $608.7M | ||
| Q2 25 | — | $611.7M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.4B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | — | ||
| Q3 25 | $596.8M | $663.2M | ||
| Q2 25 | $624.5M | $712.3M | ||
| Q1 25 | $611.3M | — | ||
| Q4 24 | $585.5M | $-168.3M | ||
| Q3 24 | $473.0M | $935.9M | ||
| Q2 24 | $435.4M | $973.1M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.3B | $2.0B | ||
| Q2 25 | $1.3B | $2.1B | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.8B | $7.2B | ||
| Q3 24 | $1.6B | $7.1B | ||
| Q2 24 | $1.5B | $7.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.24× | ||
| Q2 24 | — | 1.59× |
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 | — | $-26.1M |
| Free Cash FlowOCF − Capex | $206.5M | $-31.3M |
| FCF MarginFCF / Revenue | 48.0% | -9.8% |
| Capex IntensityCapex / Revenue | — | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $-317.7M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | — | ||
| Q3 25 | $56.3M | $-26.1M | ||
| Q2 25 | $86.3M | $65.4M | ||
| Q1 25 | $204.2M | — | ||
| Q4 24 | $95.2M | $-335.3M | ||
| Q3 24 | $30.5M | $9.1M | ||
| Q2 24 | $40.1M | $-33.5M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | — | ||
| Q3 25 | $51.8M | $-31.3M | ||
| Q2 25 | $84.1M | $58.5M | ||
| Q1 25 | $202.3M | — | ||
| Q4 24 | $92.4M | $-349.3M | ||
| Q3 24 | $27.4M | $4.4M | ||
| Q2 24 | $38.8M | $-38.4M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 13.6% | -9.8% | ||
| Q2 25 | 21.9% | 18.3% | ||
| Q1 25 | 42.5% | — | ||
| Q4 24 | 18.8% | -36.0% | ||
| Q3 24 | 8.4% | 1.3% | ||
| Q2 24 | 11.1% | -11.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | 1.6% | ||
| Q2 25 | 0.6% | 2.2% | ||
| Q1 25 | 0.4% | — | ||
| Q4 24 | 0.6% | 1.4% | ||
| Q3 24 | 0.9% | 1.4% | ||
| Q2 24 | 0.4% | 1.4% |
| 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 | 6.06× | -7.98× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
STRZ
| Over The Top Subscription Service OTT | $222.8M | 69% |
| Linear Subscription Service | $98.1M | 31% |
