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Side-by-side financial comparison of Penguin Solutions, Inc. (PENG) and VORNADO REALTY TRUST (VNO). Click either name above to swap in a different company.

VORNADO REALTY TRUST is the larger business by last-quarter revenue ($453.7M vs $343.1M, roughly 1.3× Penguin Solutions, Inc.). Penguin Solutions, Inc. runs the higher net margin — 1.5% vs 1.1%, a 0.5% gap on every dollar of revenue. On growth, Penguin Solutions, Inc. posted the faster year-over-year revenue change (0.6% vs -0.9%). Over the past eight quarters, Penguin Solutions, Inc.'s revenue compounded faster (11.8% CAGR vs 2.0%).

The Lampo Group, LLC, doing business as Ramsey Solutions, is an American company that provides products and services relating to personal finance, leadership development, interpersonal relationships, and professional development. Founded in 1991 by Dave Ramsey and his wife, Sharon, the company is based in Franklin, Tennessee.

Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

PENG vs VNO — Head-to-Head

Bigger by revenue
VNO
VNO
1.3× larger
VNO
$453.7M
$343.1M
PENG
Growing faster (revenue YoY)
PENG
PENG
+1.5% gap
PENG
0.6%
-0.9%
VNO
Higher net margin
PENG
PENG
0.5% more per $
PENG
1.5%
1.1%
VNO
Faster 2-yr revenue CAGR
PENG
PENG
Annualised
PENG
11.8%
2.0%
VNO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PENG
PENG
VNO
VNO
Revenue
$343.1M
$453.7M
Net Profit
$5.3M
$4.9M
Gross Margin
28.0%
Operating Margin
5.7%
2.8%
Net Margin
1.5%
1.1%
Revenue YoY
0.6%
-0.9%
Net Profit YoY
1.0%
-14.7%
EPS (diluted)
$0.04
$0.01

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
PENG
PENG
VNO
VNO
Q4 25
$343.1M
$453.7M
Q3 25
$337.9M
$453.7M
Q2 25
$324.3M
$441.4M
Q1 25
$365.5M
$461.6M
Q4 24
$341.1M
$457.8M
Q3 24
$284.8M
$443.3M
Q2 24
$300.6M
$450.3M
Q1 24
$436.4M
Net Profit
PENG
PENG
VNO
VNO
Q4 25
$5.3M
$4.9M
Q3 25
$9.4M
$27.1M
Q2 25
$2.7M
$759.3M
Q1 25
$8.1M
$102.4M
Q4 24
$5.2M
$5.8M
Q3 24
$-3.6M
Q2 24
$5.6M
$50.8M
Q1 24
$6.5M
Gross Margin
PENG
PENG
VNO
VNO
Q4 25
28.0%
Q3 25
28.6%
Q2 25
29.3%
Q1 25
28.6%
Q4 24
28.7%
Q3 24
28.8%
Q2 24
29.6%
Q1 24
Operating Margin
PENG
PENG
VNO
VNO
Q4 25
5.7%
2.8%
Q3 25
3.7%
3.0%
Q2 25
3.0%
Q1 25
5.1%
23.2%
Q4 24
5.1%
2.5%
Q3 24
-1.2%
-3.3%
Q2 24
3.8%
10.1%
Q1 24
0.1%
Net Margin
PENG
PENG
VNO
VNO
Q4 25
1.5%
1.1%
Q3 25
2.8%
6.0%
Q2 25
0.8%
172.0%
Q1 25
2.2%
22.2%
Q4 24
1.5%
1.3%
Q3 24
-0.8%
Q2 24
1.9%
11.3%
Q1 24
1.5%
EPS (diluted)
PENG
PENG
VNO
VNO
Q4 25
$0.04
$0.01
Q3 25
$0.10
$0.06
Q2 25
$-0.01
$3.70
Q1 25
$0.09
$0.43
Q4 24
$0.10
$0.01
Q3 24
$-0.10
Q2 24
$0.10
$0.18
Q1 24
$-0.05

Balance Sheet & Financial Strength

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

Metric
PENG
PENG
VNO
VNO
Cash + ST InvestmentsLiquidity on hand
$461.5M
$840.9M
Total DebtLower is stronger
$462.3M
$2.3B
Stockholders' EquityBook value
$389.7M
$6.0B
Total Assets
$1.6B
$15.5B
Debt / EquityLower = less leverage
1.19×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PENG
PENG
VNO
VNO
Q4 25
$461.5M
$840.9M
Q3 25
$453.8M
$1.0B
Q2 25
$735.5M
$1.2B
Q1 25
$647.0M
$568.9M
Q4 24
$393.7M
$733.9M
Q3 24
$389.5M
$783.6M
Q2 24
$467.5M
$872.6M
Q1 24
$892.7M
Total Debt
PENG
PENG
VNO
VNO
Q4 25
$462.3M
$2.3B
Q3 25
$461.8M
$2.3B
Q2 25
$659.5M
$2.1B
Q1 25
$658.8M
$2.1B
Q4 24
$658.1M
$2.6B
Q3 24
$657.3M
$2.6B
Q2 24
$667.0M
$2.6B
Q1 24
$2.6B
Stockholders' Equity
PENG
PENG
VNO
VNO
Q4 25
$389.7M
$6.0B
Q3 25
$394.2M
$6.1B
Q2 25
$584.8M
$6.1B
Q1 25
$602.5M
$5.3B
Q4 24
$400.4M
$5.2B
Q3 24
$391.4M
$5.3B
Q2 24
$423.4M
$5.6B
Q1 24
$5.5B
Total Assets
PENG
PENG
VNO
VNO
Q4 25
$1.6B
$15.5B
Q3 25
$1.6B
$15.7B
Q2 25
$1.8B
$15.6B
Q1 25
$1.8B
$15.6B
Q4 24
$1.6B
$16.0B
Q3 24
$1.5B
$16.1B
Q2 24
$1.5B
$16.2B
Q1 24
$16.2B
Debt / Equity
PENG
PENG
VNO
VNO
Q4 25
1.19×
0.38×
Q3 25
1.17×
0.37×
Q2 25
1.13×
0.35×
Q1 25
1.09×
0.40×
Q4 24
1.64×
0.50×
Q3 24
1.68×
0.49×
Q2 24
1.58×
0.46×
Q1 24
0.46×

Cash Flow & Capital Efficiency

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

Metric
PENG
PENG
VNO
VNO
Operating Cash FlowLast quarter
$31.1M
$1.3B
Free Cash FlowOCF − Capex
$28.2M
FCF MarginFCF / Revenue
8.2%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
5.89×
256.08×
TTM Free Cash FlowTrailing 4 quarters
$116.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PENG
PENG
VNO
VNO
Q4 25
$31.1M
$1.3B
Q3 25
$-70.4M
$33.2M
Q2 25
$92.8M
$1.0B
Q1 25
$72.9M
$52.0M
Q4 24
$13.8M
$537.7M
Q3 24
$105.4M
Q2 24
$57.9M
$194.7M
Q1 24
$31.5M
Free Cash Flow
PENG
PENG
VNO
VNO
Q4 25
$28.2M
Q3 25
$-73.4M
Q2 25
$90.9M
Q1 25
$70.5M
Q4 24
$12.0M
Q3 24
Q2 24
$48.9M
Q1 24
FCF Margin
PENG
PENG
VNO
VNO
Q4 25
8.2%
Q3 25
-21.7%
Q2 25
28.0%
Q1 25
19.3%
Q4 24
3.5%
Q3 24
Q2 24
16.3%
Q1 24
Capex Intensity
PENG
PENG
VNO
VNO
Q4 25
0.8%
Q3 25
0.9%
Q2 25
0.6%
Q1 25
0.6%
Q4 24
0.5%
Q3 24
Q2 24
3.0%
Q1 24
Cash Conversion
PENG
PENG
VNO
VNO
Q4 25
5.89×
256.08×
Q3 25
-7.47×
1.22×
Q2 25
34.88×
1.35×
Q1 25
9.02×
0.51×
Q4 24
2.65×
93.39×
Q3 24
Q2 24
10.30×
3.83×
Q1 24
4.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PENG
PENG

Integrated Memory Segment$171.6M50%
Advanced Computing Segment$115.7M34%
Optimized LED Segment$55.7M16%

VNO
VNO

New York Segment$374.8M83%
Building Maintenance Service$41.2M9%
Other$27.7M6%
Tenant Services$11.1M2%
Management And Leasing Fees$2.6M1%

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