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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

Bigger by revenue
SPWR
SPWR
1.4× larger
SPWR
$79.7M
$57.8M
WASH
Higher net margin
WASH
WASH
39.5% more per $
WASH
21.8%
-17.8%
SPWR
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
9.5%
WASH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SPWR
SPWR
WASH
WASH
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.

Revenue
SPWR
SPWR
WASH
WASH
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
Net Profit
SPWR
SPWR
WASH
WASH
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
Gross Margin
SPWR
SPWR
WASH
WASH
Q1 26
Q4 25
35.5%
Q3 25
Q2 25
42.6%
Q1 25
48.5%
Q4 24
46.5%
Q3 24
Q2 24
Operating Margin
SPWR
SPWR
WASH
WASH
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%
Net Margin
SPWR
SPWR
WASH
WASH
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%
EPS (diluted)
SPWR
SPWR
WASH
WASH
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
SPWR
SPWR
WASH
WASH
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.

Cash + ST Investments
SPWR
SPWR
WASH
WASH
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
Total Debt
SPWR
SPWR
WASH
WASH
Q1 26
Q4 25
$164.8M
Q3 25
$204.3M
Q2 25
$152.9M
Q1 25
Q4 24
$147.3M
Q3 24
Q2 24
Stockholders' Equity
SPWR
SPWR
WASH
WASH
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
Total Assets
SPWR
SPWR
WASH
WASH
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
SPWR
SPWR
WASH
WASH
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.

Operating Cash Flow
SPWR
SPWR
WASH
WASH
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
Free Cash Flow
SPWR
SPWR
WASH
WASH
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
FCF Margin
SPWR
SPWR
WASH
WASH
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%
Capex Intensity
SPWR
SPWR
WASH
WASH
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%
Cash Conversion
SPWR
SPWR
WASH
WASH
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
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

WASH
WASH

Net Interest Income$40.5M70%
Noninterest Income$17.3M30%

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