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Side-by-side financial comparison of ROGERS CORP (ROG) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
Upstart Holdings, Inc. is the larger business by last-quarter revenue ($296.1M vs $200.5M, roughly 1.5× ROGERS CORP). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs 2.2%, a 4.0% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 5.2%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $1.1M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs -3.3%).
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
ROG vs UPST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $200.5M | $296.1M |
| Net Profit | $4.5M | $18.6M |
| Gross Margin | 32.2% | — |
| Operating Margin | — | 6.4% |
| Net Margin | 2.2% | 6.3% |
| Revenue YoY | 5.2% | 35.2% |
| Net Profit YoY | 421.4% | 776.4% |
| EPS (diluted) | $0.25 | $0.20 |
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 | $200.5M | — | ||
| Q4 25 | $201.5M | $296.1M | ||
| Q3 25 | $216.0M | $277.1M | ||
| Q2 25 | $202.8M | $257.3M | ||
| Q1 25 | $190.5M | $213.4M | ||
| Q4 24 | $192.2M | $219.0M | ||
| Q3 24 | $210.3M | $162.1M | ||
| Q2 24 | $214.2M | $127.6M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.6M | $18.6M | ||
| Q3 25 | $8.6M | $31.8M | ||
| Q2 25 | $-73.6M | $5.6M | ||
| Q1 25 | $-1.4M | $-2.4M | ||
| Q4 24 | $-500.0K | $-2.8M | ||
| Q3 24 | $10.7M | $-6.8M | ||
| Q2 24 | $8.1M | $-54.5M |
| Q1 26 | 32.2% | — | ||
| Q4 25 | 31.5% | — | ||
| Q3 25 | 33.5% | — | ||
| Q2 25 | 31.6% | — | ||
| Q1 25 | 29.9% | — | ||
| Q4 24 | 32.1% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 34.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 6.4% | ||
| Q3 25 | 7.3% | 8.5% | ||
| Q2 25 | -33.3% | 1.8% | ||
| Q1 25 | -0.2% | -2.1% | ||
| Q4 24 | -6.6% | -2.2% | ||
| Q3 24 | 6.9% | -27.8% | ||
| Q2 24 | 5.3% | -43.5% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.3% | 6.3% | ||
| Q3 25 | 4.0% | 11.5% | ||
| Q2 25 | -36.3% | 2.2% | ||
| Q1 25 | -0.7% | -1.1% | ||
| Q4 24 | -0.3% | -1.3% | ||
| Q3 24 | 5.1% | -4.2% | ||
| Q2 24 | 3.8% | -42.7% |
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.20 | $0.20 | ||
| Q3 25 | $0.48 | $0.23 | ||
| Q2 25 | $-4.00 | $0.05 | ||
| Q1 25 | $-0.08 | $-0.03 | ||
| Q4 24 | $-0.04 | $-0.01 | ||
| Q3 24 | $0.58 | $-0.07 | ||
| Q2 24 | $0.44 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $195.8M | $652.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $798.8M |
| Total Assets | $1.4B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $195.8M | — | ||
| Q4 25 | $197.0M | $652.4M | ||
| Q3 25 | $167.8M | $489.8M | ||
| Q2 25 | $157.2M | $395.9M | ||
| Q1 25 | $175.6M | $599.8M | ||
| Q4 24 | $159.8M | $788.4M | ||
| Q3 24 | $146.4M | — | ||
| Q2 24 | $119.9M | — |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $798.8M | ||
| Q3 25 | $1.2B | $743.7M | ||
| Q2 25 | $1.2B | $722.0M | ||
| Q1 25 | $1.3B | $676.6M | ||
| Q4 24 | $1.3B | $633.2M | ||
| Q3 24 | $1.3B | $595.5M | ||
| Q2 24 | $1.3B | $594.7M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $3.0B | ||
| Q3 25 | $1.4B | $2.9B | ||
| Q2 25 | $1.5B | $2.5B | ||
| Q1 25 | $1.5B | $2.3B | ||
| Q4 24 | $1.5B | $2.4B | ||
| Q3 24 | $1.5B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B |
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 | $5.8M | $108.6M |
| Free Cash FlowOCF − Capex | $1.1M | $108.4M |
| FCF MarginFCF / Revenue | 0.5% | 36.6% |
| Capex IntensityCapex / Revenue | 2.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.29× | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | $70.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.8M | — | ||
| Q4 25 | $46.9M | $108.6M | ||
| Q3 25 | $28.9M | $-122.6M | ||
| Q2 25 | $13.7M | $-120.2M | ||
| Q1 25 | $11.7M | $-13.5M | ||
| Q4 24 | $33.7M | $-110.9M | ||
| Q3 24 | $42.4M | $179.3M | ||
| Q2 24 | $22.9M | $65.3M |
| Q1 26 | $1.1M | — | ||
| Q4 25 | $42.2M | $108.4M | ||
| Q3 25 | $21.2M | $-122.7M | ||
| Q2 25 | $5.6M | $-120.3M | ||
| Q1 25 | $2.1M | — | ||
| Q4 24 | $18.3M | — | ||
| Q3 24 | $25.2M | $179.2M | ||
| Q2 24 | $8.8M | $65.3M |
| Q1 26 | 0.5% | — | ||
| Q4 25 | 20.9% | 36.6% | ||
| Q3 25 | 9.8% | -44.3% | ||
| Q2 25 | 2.8% | -46.7% | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 9.5% | — | ||
| Q3 24 | 12.0% | 110.5% | ||
| Q2 24 | 4.1% | 51.1% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 2.3% | 0.1% | ||
| Q3 25 | 3.6% | 0.0% | ||
| Q2 25 | 4.0% | 0.0% | ||
| Q1 25 | 5.0% | 0.0% | ||
| Q4 24 | 8.0% | 0.0% | ||
| Q3 24 | 8.2% | 0.1% | ||
| Q2 24 | 6.6% | 0.0% |
| Q1 26 | 1.29× | — | ||
| Q4 25 | 10.20× | 5.82× | ||
| Q3 25 | 3.36× | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.96× | — | ||
| Q2 24 | 2.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ROG
Segment breakdown not available.
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
