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Side-by-side financial comparison of Penumbra Inc (PEN) and Talen Energy Corp (TLN). Click either name above to swap in a different company.

Talen Energy Corp is the larger business by last-quarter revenue ($758.0M vs $385.4M, roughly 2.0× Penumbra Inc). Penumbra Inc runs the higher net margin — 12.3% vs -47.9%, a 60.2% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% vs 22.1%). Talen Energy Corp produced more free cash flow last quarter ($254.0M vs $68.0M). Over the past eight quarters, Talen Energy Corp's revenue compounded faster (35.0% CAGR vs 17.6%).

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.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

PEN vs TLN — Head-to-Head

Bigger by revenue
TLN
TLN
2.0× larger
TLN
$758.0M
$385.4M
PEN
Growing faster (revenue YoY)
TLN
TLN
+92.6% gap
TLN
114.7%
22.1%
PEN
Higher net margin
PEN
PEN
60.2% more per $
PEN
12.3%
-47.9%
TLN
More free cash flow
TLN
TLN
$185.9M more FCF
TLN
$254.0M
$68.0M
PEN
Faster 2-yr revenue CAGR
TLN
TLN
Annualised
TLN
35.0%
17.6%
PEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PEN
PEN
TLN
TLN
Revenue
$385.4M
$758.0M
Net Profit
$47.3M
$-363.0M
Gross Margin
68.0%
Operating Margin
15.4%
-41.3%
Net Margin
12.3%
-47.9%
Revenue YoY
22.1%
114.7%
Net Profit YoY
40.6%
-542.7%
EPS (diluted)
$1.20
$-7.60

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
TLN
TLN
Q4 25
$385.4M
$758.0M
Q3 25
$354.7M
$697.0M
Q2 25
$339.5M
$409.0M
Q1 25
$324.1M
$654.0M
Q4 24
$315.5M
$353.0M
Q3 24
$301.0M
$459.0M
Q2 24
$299.4M
$346.0M
Q1 24
$278.7M
$416.0M
Net Profit
PEN
PEN
TLN
TLN
Q4 25
$47.3M
$-363.0M
Q3 25
$45.9M
$207.0M
Q2 25
$45.3M
$72.0M
Q1 25
$39.2M
$-135.0M
Q4 24
$33.7M
$82.0M
Q3 24
$29.5M
$168.0M
Q2 24
$-60.2M
$454.0M
Q1 24
$11.0M
$294.0M
Gross Margin
PEN
PEN
TLN
TLN
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%
Q1 24
65.0%
Operating Margin
PEN
PEN
TLN
TLN
Q4 25
15.4%
-41.3%
Q3 25
13.8%
37.7%
Q2 25
12.0%
16.1%
Q1 25
12.4%
-16.2%
Q4 24
13.6%
4.5%
Q3 24
11.7%
34.4%
Q2 24
-27.0%
7.8%
Q1 24
4.3%
6.0%
Net Margin
PEN
PEN
TLN
TLN
Q4 25
12.3%
-47.9%
Q3 25
12.9%
29.7%
Q2 25
13.3%
17.6%
Q1 25
12.1%
-20.6%
Q4 24
10.7%
23.2%
Q3 24
9.8%
36.6%
Q2 24
-20.1%
131.2%
Q1 24
3.9%
70.7%
EPS (diluted)
PEN
PEN
TLN
TLN
Q4 25
$1.20
$-7.60
Q3 25
$1.17
$4.25
Q2 25
$1.15
$1.50
Q1 25
$1.00
$-2.94
Q4 24
$0.88
$2.07
Q3 24
$0.75
$3.16
Q2 24
$-1.55
$7.60
Q1 24
$0.28
$4.84

Balance Sheet & Financial Strength

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

Metric
PEN
PEN
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$186.9M
$689.0M
Total DebtLower is stronger
$6.8B
Stockholders' EquityBook value
$1.4B
$1.1B
Total Assets
$1.8B
$10.9B
Debt / EquityLower = less leverage
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEN
PEN
TLN
TLN
Q4 25
$186.9M
$689.0M
Q3 25
$321.0M
$497.0M
Q2 25
$421.8M
$122.0M
Q1 25
$376.1M
$295.0M
Q4 24
$324.4M
$328.0M
Q3 24
$280.5M
$648.0M
Q2 24
$288.3M
$632.0M
Q1 24
$223.1M
Total Debt
PEN
PEN
TLN
TLN
Q4 25
$6.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$3.0B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
Stockholders' Equity
PEN
PEN
TLN
TLN
Q4 25
$1.4B
$1.1B
Q3 25
$1.4B
$1.5B
Q2 25
$1.3B
$1.2B
Q1 25
$1.2B
$1.2B
Q4 24
$1.2B
$1.4B
Q3 24
$1.1B
$2.4B
Q2 24
$1.2B
$2.5B
Q1 24
$1.2B
$2.8B
Total Assets
PEN
PEN
TLN
TLN
Q4 25
$1.8B
$10.9B
Q3 25
$1.7B
$6.1B
Q2 25
$1.7B
$5.8B
Q1 25
$1.6B
$5.9B
Q4 24
$1.5B
$6.1B
Q3 24
$1.5B
$6.8B
Q2 24
$1.5B
$7.1B
Q1 24
$1.6B
Debt / Equity
PEN
PEN
TLN
TLN
Q4 25
6.23×
Q3 25
2.03×
Q2 25
2.40×
Q1 25
2.54×
Q4 24
2.17×
Q3 24
1.10×
Q2 24
1.05×
Q1 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
TLN
TLN
Operating Cash FlowLast quarter
$86.5M
$280.0M
Free Cash FlowOCF − Capex
$68.0M
$254.0M
FCF MarginFCF / Revenue
17.7%
33.5%
Capex IntensityCapex / Revenue
4.8%
3.4%
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters
$174.9M
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEN
PEN
TLN
TLN
Q4 25
$86.5M
$280.0M
Q3 25
$58.3M
$489.0M
Q2 25
$44.9M
$-184.0M
Q1 25
$49.0M
$119.0M
Q4 24
$51.1M
Q3 24
$56.5M
$96.0M
Q2 24
$22.6M
$-23.0M
Q1 24
$38.3M
$173.0M
Free Cash Flow
PEN
PEN
TLN
TLN
Q4 25
$68.0M
$254.0M
Q3 25
$42.0M
$468.0M
Q2 25
$29.4M
$-217.0M
Q1 25
$35.5M
$101.0M
Q4 24
$45.7M
Q3 24
$51.0M
$83.0M
Q2 24
$18.1M
$-43.0M
Q1 24
$32.5M
$148.0M
FCF Margin
PEN
PEN
TLN
TLN
Q4 25
17.7%
33.5%
Q3 25
11.8%
67.1%
Q2 25
8.7%
-53.1%
Q1 25
11.0%
15.4%
Q4 24
14.5%
Q3 24
16.9%
18.1%
Q2 24
6.0%
-12.4%
Q1 24
11.7%
35.6%
Capex Intensity
PEN
PEN
TLN
TLN
Q4 25
4.8%
3.4%
Q3 25
4.6%
3.0%
Q2 25
4.6%
8.1%
Q1 25
4.2%
2.8%
Q4 24
1.7%
Q3 24
1.8%
2.8%
Q2 24
1.5%
5.8%
Q1 24
2.1%
6.0%
Cash Conversion
PEN
PEN
TLN
TLN
Q4 25
1.83×
Q3 25
1.27×
2.36×
Q2 25
0.99×
-2.56×
Q1 25
1.25×
Q4 24
1.52×
Q3 24
1.91×
0.57×
Q2 24
-0.05×
Q1 24
3.48×
0.59×

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%

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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