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Side-by-side financial comparison of PEGASYSTEMS INC (PEGA) and OLYMPIC STEEL INC (ZEUS). Click either name above to swap in a different company.
OLYMPIC STEEL INC is the larger business by last-quarter revenue ($490.7M vs $430.0M, roughly 1.1× PEGASYSTEMS INC). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 0.4%, a 7.2% gap on every dollar of revenue. On growth, OLYMPIC STEEL INC posted the faster year-over-year revenue change (4.4% vs -9.6%). PEGASYSTEMS INC produced more free cash flow last quarter ($206.5M vs $-12.9M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 0.1%).
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.
Olympic Steel, Inc. is a metals service center based in Cleveland, Ohio. The company processes and distributes carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminium alloy, tin plate, and metal-intensive branded products primarily in the United States. Metals processing and value added services include tempering, stretch leveling, cutting-to-length, slitting, edging, shearing, blanking, burning, forming, shot blasting, laser punching, plate rolling, fabricating, machi...
PEGA vs ZEUS — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $430.0M | $490.7M |
| Net Profit | $32.8M | $2.2M |
| Gross Margin | 75.2% | — |
| Operating Margin | 8.6% | 1.5% |
| Net Margin | 7.6% | 0.4% |
| Revenue YoY | -9.6% | 4.4% |
| Net Profit YoY | -61.6% | -21.2% |
| EPS (diluted) | $0.18 | $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 | $504.3M | — | ||
| Q3 25 | $381.4M | $490.7M | ||
| Q2 25 | $384.5M | $496.5M | ||
| Q1 25 | $475.6M | $492.9M | ||
| Q4 24 | $490.8M | $418.8M | ||
| Q3 24 | $325.1M | $470.0M | ||
| Q2 24 | $351.2M | $526.3M |
| Q1 26 | $32.8M | — | ||
| Q4 25 | $234.6M | — | ||
| Q3 25 | $43.4M | $2.2M | ||
| Q2 25 | $30.1M | $5.2M | ||
| Q1 25 | $85.4M | $2.5M | ||
| Q4 24 | $119.1M | $3.9M | ||
| Q3 24 | $-14.4M | $2.7M | ||
| Q2 24 | $6.6M | $7.7M |
| 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% | 1.5% | ||
| Q2 25 | 4.5% | 2.3% | ||
| Q1 25 | 26.7% | 1.6% | ||
| Q4 24 | 29.1% | 2.1% | ||
| Q3 24 | -3.6% | 1.7% | ||
| Q2 24 | 3.7% | 2.9% |
| Q1 26 | 7.6% | — | ||
| Q4 25 | 46.5% | — | ||
| Q3 25 | 11.4% | 0.4% | ||
| Q2 25 | 7.8% | 1.1% | ||
| Q1 25 | 18.0% | 0.5% | ||
| Q4 24 | 24.3% | 0.9% | ||
| Q3 24 | -4.4% | 0.6% | ||
| Q2 24 | 1.9% | 1.5% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $0.81 | — | ||
| Q3 25 | $0.24 | $0.18 | ||
| Q2 25 | $0.17 | $0.45 | ||
| Q1 25 | $0.91 | $0.21 | ||
| Q4 24 | $1.35 | $0.33 | ||
| Q3 24 | $-0.17 | $0.23 | ||
| Q2 24 | $0.07 | $0.66 |
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 | $7.5M |
| Total DebtLower is stronger | — | $240.9M |
| Stockholders' EquityBook value | $705.9M | $579.1M |
| Total Assets | $1.6B | $1.1B |
| Debt / EquityLower = less leverage | — | 0.42× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $270.0M | — | ||
| Q4 25 | $425.8M | — | ||
| Q3 25 | $351.4M | $7.5M | ||
| Q2 25 | $411.6M | $14.8M | ||
| Q1 25 | $371.7M | $13.3M | ||
| Q4 24 | $740.0M | $11.9M | ||
| Q3 24 | $703.0M | $11.1M | ||
| Q2 24 | $665.1M | $9.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $240.9M | ||
| Q2 25 | — | $233.2M | ||
| Q1 25 | — | $235.4M | ||
| Q4 24 | — | $272.5M | ||
| Q3 24 | — | $197.3M | ||
| Q2 24 | — | $209.2M |
| Q1 26 | $705.9M | — | ||
| Q4 25 | $787.4M | — | ||
| Q3 25 | $596.8M | $579.1M | ||
| Q2 25 | $624.5M | $578.2M | ||
| Q1 25 | $611.3M | $574.2M | ||
| Q4 24 | $585.5M | $573.9M | ||
| Q3 24 | $473.0M | $570.6M | ||
| Q2 24 | $435.4M | $569.5M |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | — | ||
| Q3 25 | $1.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.8B | $1.0B | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.5B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.41× | ||
| Q4 24 | — | 0.47× | ||
| Q3 24 | — | 0.35× | ||
| 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 | — | $-5.4M |
| Free Cash FlowOCF − Capex | $206.5M | $-12.9M |
| FCF MarginFCF / Revenue | 48.0% | -2.6% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | -2.50× |
| TTM Free Cash FlowTrailing 4 quarters | $494.9M | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $158.4M | — | ||
| Q3 25 | $56.3M | $-5.4M | ||
| Q2 25 | $86.3M | $15.5M | ||
| Q1 25 | $204.2M | $49.4M | ||
| Q4 24 | $95.2M | $14.6M | ||
| Q3 24 | $30.5M | $24.6M | ||
| Q2 24 | $40.1M | $-2.9M |
| Q1 26 | $206.5M | — | ||
| Q4 25 | $152.4M | — | ||
| Q3 25 | $51.8M | $-12.9M | ||
| Q2 25 | $84.1M | $6.8M | ||
| Q1 25 | $202.3M | $40.6M | ||
| Q4 24 | $92.4M | $7.4M | ||
| Q3 24 | $27.4M | $15.6M | ||
| Q2 24 | $38.8M | $-11.3M |
| Q1 26 | 48.0% | — | ||
| Q4 25 | 30.2% | — | ||
| Q3 25 | 13.6% | -2.6% | ||
| Q2 25 | 21.9% | 1.4% | ||
| Q1 25 | 42.5% | 8.2% | ||
| Q4 24 | 18.8% | 1.8% | ||
| Q3 24 | 8.4% | 3.3% | ||
| Q2 24 | 11.1% | -2.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.2% | 1.5% | ||
| Q2 25 | 0.6% | 1.7% | ||
| Q1 25 | 0.4% | 1.8% | ||
| Q4 24 | 0.6% | 1.7% | ||
| Q3 24 | 0.9% | 1.9% | ||
| Q2 24 | 0.4% | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.68× | — | ||
| Q3 25 | 1.30× | -2.50× | ||
| Q2 25 | 2.87× | 2.96× | ||
| Q1 25 | 2.39× | 19.70× | ||
| Q4 24 | 0.80× | 3.75× | ||
| Q3 24 | — | 9.01× | ||
| Q2 24 | 6.06× | -0.38× |
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% |
ZEUS
| Carbon Flat Products | $268.2M | 55% |
| Specialty Metals Flat Products | $140.9M | 29% |
| Tubular And Pipe Products | $81.6M | 17% |
