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Side-by-side financial comparison of SunPower Inc. (SPWR) and WASHINGTON TRUST BANCORP INC (WASH). Click either name above to swap in a different company.
SunPower Inc. is the larger business by last-quarter revenue ($79.7M vs $57.8M, roughly 1.4× WASHINGTON TRUST BANCORP INC). WASHINGTON TRUST BANCORP INC runs the higher net margin — 21.8% vs -17.8%, a 39.5% gap on every dollar of revenue. Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% CAGR vs 9.5%).
SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...
U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...
SPWR vs WASH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | ||
|---|---|---|
| Revenue | $79.7M | $57.8M |
| Net Profit | $-14.2M | $12.6M |
| Gross Margin | 35.5% | — |
| Operating Margin | -27.4% | — |
| Net Margin | -17.8% | 21.8% |
| Revenue YoY | -10.1% | — |
| Net Profit YoY | -130.1% | 3.5% |
| EPS (diluted) | $-0.05 | $0.66 |
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 | — | $57.8M | ||
| Q4 25 | $79.7M | $59.3M | ||
| Q3 25 | $22.0M | $56.5M | ||
| Q2 25 | $67.5M | $54.3M | ||
| Q1 25 | $82.7M | $59.1M | ||
| Q4 24 | $88.7M | $12.4M | ||
| Q3 24 | — | $48.5M | ||
| Q2 24 | — | $48.2M |
| Q1 26 | — | $12.6M | ||
| Q4 25 | $-14.2M | $16.0M | ||
| Q3 25 | $-16.9M | $10.8M | ||
| Q2 25 | $-22.4M | $13.2M | ||
| Q1 25 | $8.1M | $12.2M | ||
| Q4 24 | $47.0M | $-60.8M | ||
| Q3 24 | — | $11.0M | ||
| Q2 24 | — | $10.8M |
| Q1 26 | — | — | ||
| Q4 25 | 35.5% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 42.6% | — | ||
| Q1 25 | 48.5% | — | ||
| Q4 24 | 46.5% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -27.4% | 34.9% | ||
| Q3 25 | -15.7% | 24.7% | ||
| Q2 25 | -4.0% | 31.6% | ||
| Q1 25 | 1.3% | 26.5% | ||
| Q4 24 | -24.2% | -648.7% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 28.7% |
| Q1 26 | — | 21.8% | ||
| Q4 25 | -17.8% | 27.0% | ||
| Q3 25 | -76.9% | 19.2% | ||
| Q2 25 | -33.2% | 24.4% | ||
| Q1 25 | 9.8% | 20.6% | ||
| Q4 24 | 53.0% | -491.4% | ||
| Q3 24 | — | 22.6% | ||
| Q2 24 | — | 22.4% |
| Q1 26 | — | $0.66 | ||
| Q4 25 | $-0.05 | $0.84 | ||
| Q3 25 | $-0.19 | $0.56 | ||
| Q2 25 | $-0.28 | $0.68 | ||
| Q1 25 | $0.00 | $0.63 | ||
| Q4 24 | $0.27 | $-3.54 | ||
| Q3 24 | — | $0.64 | ||
| Q2 24 | — | $0.63 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $9.6M | $12.3M |
| Total DebtLower is stronger | $164.8M | — |
| Stockholders' EquityBook value | $-90.1M | $546.8M |
| Total Assets | $241.2M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.3M | ||
| Q4 25 | $9.6M | — | ||
| Q3 25 | $5.1M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $10.6M | — | ||
| Q4 24 | $13.4M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $164.8M | — | ||
| Q3 25 | $204.3M | — | ||
| Q2 25 | $152.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $147.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $546.8M | ||
| Q4 25 | $-90.1M | $543.6M | ||
| Q3 25 | $-112.3M | $533.0M | ||
| Q2 25 | $-107.2M | $527.5M | ||
| Q1 25 | $-89.0M | $521.7M | ||
| Q4 24 | $-97.5M | $499.7M | ||
| Q3 24 | — | $502.2M | ||
| Q2 24 | — | $471.0M |
| Q1 26 | — | $6.5B | ||
| Q4 25 | $241.2M | $6.6B | ||
| Q3 25 | $208.3M | $6.7B | ||
| Q2 25 | $163.1M | $6.7B | ||
| Q1 25 | $147.8M | $6.6B | ||
| Q4 24 | $144.5M | $6.9B | ||
| Q3 24 | — | $7.1B | ||
| Q2 24 | — | $7.2B |
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 | $-1.9M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-1.9M | $80.3M | ||
| Q3 25 | $-6.4M | $39.6M | ||
| Q2 25 | $-4.4M | $11.3M | ||
| Q1 25 | $-2.6M | $8.4M | ||
| Q4 24 | $-25.6M | $57.7M | ||
| Q3 24 | — | $25.7M | ||
| Q2 24 | — | $11.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $78.3M | ||
| Q3 25 | — | $39.3M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $53.7M | ||
| Q3 24 | — | $24.4M | ||
| Q2 24 | — | $9.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 132.2% | ||
| Q3 25 | — | 69.6% | ||
| Q2 25 | — | 20.2% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 433.8% | ||
| Q3 24 | — | 50.4% | ||
| Q2 24 | — | 19.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.4% | ||
| Q3 25 | — | 0.6% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 32.3% | ||
| Q3 24 | — | 2.6% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.03× | ||
| Q3 25 | — | 3.65× | ||
| Q2 25 | — | 0.86× | ||
| Q1 25 | -0.32× | 0.69× | ||
| Q4 24 | -0.54× | — | ||
| Q3 24 | — | 2.34× | ||
| Q2 24 | — | 1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SPWR
| Residential Solar Installation | $46.9M | 59% |
| New Homes Business | $22.7M | 29% |
| Other | $10.1M | 13% |
WASH
| Net Interest Income | $40.5M | 70% |
| Noninterest Income | $17.3M | 30% |