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Side-by-side financial comparison of Penumbra Inc (PEN) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Penumbra Inc is the larger business by last-quarter revenue ($385.4M vs $222.5M, roughly 1.7× Phoenix Education Partners, Inc.). Penumbra Inc runs the higher net margin — 12.3% vs 4.8%, a 7.4% gap on every dollar of revenue. Penumbra Inc produced more free cash flow last quarter ($68.0M vs $43.5M).

Penumbra, Inc. is an American medical device company headquartered in Alameda, California. The company was founded by Arani Bose and Adam Elsesser in 2004. It manufactures devices for interventional therapies to treat vascular conditions such as stroke and aneurysm.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

PEN vs PXED — Head-to-Head

Bigger by revenue
PEN
PEN
1.7× larger
PEN
$385.4M
$222.5M
PXED
Higher net margin
PEN
PEN
7.4% more per $
PEN
12.3%
4.8%
PXED
More free cash flow
PEN
PEN
$24.5M more FCF
PEN
$68.0M
$43.5M
PXED

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
PEN
PEN
PXED
PXED
Revenue
$385.4M
$222.5M
Net Profit
$47.3M
$10.8M
Gross Margin
68.0%
Operating Margin
15.4%
6.3%
Net Margin
12.3%
4.8%
Revenue YoY
22.1%
Net Profit YoY
40.6%
EPS (diluted)
$1.20
$0.28

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
PEN
PEN
PXED
PXED
Q1 26
$222.5M
Q4 25
$385.4M
$262.0M
Q3 25
$354.7M
Q2 25
$339.5M
Q1 25
$324.1M
Q4 24
$315.5M
Q3 24
$301.0M
Q2 24
$299.4M
Net Profit
PEN
PEN
PXED
PXED
Q1 26
$10.8M
Q4 25
$47.3M
$15.5M
Q3 25
$45.9M
Q2 25
$45.3M
Q1 25
$39.2M
Q4 24
$33.7M
Q3 24
$29.5M
Q2 24
$-60.2M
Gross Margin
PEN
PEN
PXED
PXED
Q1 26
Q4 25
68.0%
Q3 25
67.8%
Q2 25
66.0%
Q1 25
66.6%
Q4 24
66.8%
Q3 24
66.5%
Q2 24
54.4%
Operating Margin
PEN
PEN
PXED
PXED
Q1 26
6.3%
Q4 25
15.4%
9.8%
Q3 25
13.8%
Q2 25
12.0%
Q1 25
12.4%
Q4 24
13.6%
Q3 24
11.7%
Q2 24
-27.0%
Net Margin
PEN
PEN
PXED
PXED
Q1 26
4.8%
Q4 25
12.3%
5.9%
Q3 25
12.9%
Q2 25
13.3%
Q1 25
12.1%
Q4 24
10.7%
Q3 24
9.8%
Q2 24
-20.1%
EPS (diluted)
PEN
PEN
PXED
PXED
Q1 26
$0.28
Q4 25
$1.20
$0.40
Q3 25
$1.17
Q2 25
$1.15
Q1 25
$1.00
Q4 24
$0.88
Q3 24
$0.75
Q2 24
$-1.55

Balance Sheet & Financial Strength

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

Metric
PEN
PEN
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$186.9M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$1.4B
$291.1M
Total Assets
$1.8B
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEN
PEN
PXED
PXED
Q1 26
$201.4M
Q4 25
$186.9M
$163.5M
Q3 25
$321.0M
Q2 25
$421.8M
Q1 25
$376.1M
Q4 24
$324.4M
Q3 24
$280.5M
Q2 24
$288.3M
Total Debt
PEN
PEN
PXED
PXED
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
PEN
PEN
PXED
PXED
Q1 26
$291.1M
Q4 25
$1.4B
$280.4M
Q3 25
$1.4B
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.2B
Total Assets
PEN
PEN
PXED
PXED
Q1 26
$546.4M
Q4 25
$1.8B
$549.6M
Q3 25
$1.7B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Debt / Equity
PEN
PEN
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
PEN
PEN
PXED
PXED
Operating Cash FlowLast quarter
$86.5M
$48.9M
Free Cash FlowOCF − Capex
$68.0M
$43.5M
FCF MarginFCF / Revenue
17.7%
19.6%
Capex IntensityCapex / Revenue
4.8%
2.4%
Cash ConversionOCF / Net Profit
1.83×
4.53×
TTM Free Cash FlowTrailing 4 quarters
$174.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEN
PEN
PXED
PXED
Q1 26
$48.9M
Q4 25
$86.5M
$31.1M
Q3 25
$58.3M
Q2 25
$44.9M
Q1 25
$49.0M
Q4 24
$51.1M
Q3 24
$56.5M
Q2 24
$22.6M
Free Cash Flow
PEN
PEN
PXED
PXED
Q1 26
$43.5M
Q4 25
$68.0M
$26.4M
Q3 25
$42.0M
Q2 25
$29.4M
Q1 25
$35.5M
Q4 24
$45.7M
Q3 24
$51.0M
Q2 24
$18.1M
FCF Margin
PEN
PEN
PXED
PXED
Q1 26
19.6%
Q4 25
17.7%
10.1%
Q3 25
11.8%
Q2 25
8.7%
Q1 25
11.0%
Q4 24
14.5%
Q3 24
16.9%
Q2 24
6.0%
Capex Intensity
PEN
PEN
PXED
PXED
Q1 26
2.4%
Q4 25
4.8%
1.8%
Q3 25
4.6%
Q2 25
4.6%
Q1 25
4.2%
Q4 24
1.7%
Q3 24
1.8%
Q2 24
1.5%
Cash Conversion
PEN
PEN
PXED
PXED
Q1 26
4.53×
Q4 25
1.83×
2.01×
Q3 25
1.27×
Q2 25
0.99×
Q1 25
1.25×
Q4 24
1.52×
Q3 24
1.91×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PEN
PEN

Thrombectomy$254.7M66%
Other$130.7M34%

PXED
PXED

Segment breakdown not available.

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