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Side-by-side financial comparison of APi Group Corp (APG) and Huntington Bancshares (HBAN). Click either name above to swap in a different company.

Huntington Bancshares is the larger business by last-quarter revenue ($2.6B vs $2.1B, roughly 1.2× APi Group Corp). Huntington Bancshares runs the higher net margin — 20.2% vs 4.6%, a 15.6% gap on every dollar of revenue. On growth, Huntington Bancshares posted the faster year-over-year revenue change (34.0% vs 13.8%). Over the past eight quarters, Huntington Bancshares's revenue compounded faster (168.3% CAGR vs 15.0%).

X.AI Corp., doing business as xAI, is an American company working in the area of artificial intelligence (AI), social media and technology that is a wholly owned subsidiary of American aerospace company SpaceX. Founded by Elon Musk in 2023, the company's flagship products are the generative AI chatbot named Grok and the social media platform X, the latter of which they acquired in March 2025.

Huntington Bancshares Incorporated is an American bank holding company headquartered in Columbus, Ohio. Its banking subsidiary, The Huntington National Bank, operates 1,047 banking offices, primarily in the Midwest: 459 in Ohio, 290 in Michigan, 80 in Minnesota, 51 in Pennsylvania, 45 in Indiana, 35 in Illinois, 32 in Colorado, 29 in West Virginia, 16 in Wisconsin, 10 in Kentucky, and one in North Carolina.

APG vs HBAN — Head-to-Head

Bigger by revenue
HBAN
HBAN
1.2× larger
HBAN
$2.6B
$2.1B
APG
Growing faster (revenue YoY)
HBAN
HBAN
+20.2% gap
HBAN
34.0%
13.8%
APG
Higher net margin
HBAN
HBAN
15.6% more per $
HBAN
20.2%
4.6%
APG
Faster 2-yr revenue CAGR
HBAN
HBAN
Annualised
HBAN
168.3%
15.0%
APG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APG
APG
HBAN
HBAN
Revenue
$2.1B
$2.6B
Net Profit
$97.0M
$523.0M
Gross Margin
32.0%
Operating Margin
7.7%
0.4%
Net Margin
4.6%
20.2%
Revenue YoY
13.8%
34.0%
Net Profit YoY
44.8%
0.8%
EPS (diluted)
$-1.16
$0.25

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
APG
APG
HBAN
HBAN
Q1 26
$2.6B
Q4 25
$2.1B
$410.0M
Q3 25
$2.1B
$424.0M
Q2 25
$2.0B
$377.0M
Q1 25
$1.7B
$351.0M
Q4 24
$1.9B
$410.0M
Q3 24
$1.8B
$362.0M
Q2 24
$1.7B
$360.0M
Net Profit
APG
APG
HBAN
HBAN
Q1 26
$523.0M
Q4 25
$97.0M
$519.0M
Q3 25
$93.0M
$629.0M
Q2 25
$77.0M
$536.0M
Q1 25
$35.0M
$527.0M
Q4 24
$67.0M
$530.0M
Q3 24
$69.0M
$517.0M
Q2 24
$69.0M
$474.0M
Gross Margin
APG
APG
HBAN
HBAN
Q1 26
Q4 25
32.0%
Q3 25
31.3%
Q2 25
30.9%
Q1 25
31.5%
Q4 24
30.9%
Q3 24
31.1%
Q2 24
31.4%
Operating Margin
APG
APG
HBAN
HBAN
Q1 26
0.4%
Q4 25
7.7%
Q3 25
7.8%
Q2 25
7.2%
Q1 25
4.9%
Q4 24
6.2%
Q3 24
7.8%
Q2 24
7.3%
Net Margin
APG
APG
HBAN
HBAN
Q1 26
20.2%
Q4 25
4.6%
126.6%
Q3 25
4.5%
148.3%
Q2 25
3.9%
142.2%
Q1 25
2.0%
150.1%
Q4 24
3.6%
129.3%
Q3 24
3.8%
142.8%
Q2 24
4.0%
131.7%
EPS (diluted)
APG
APG
HBAN
HBAN
Q1 26
$0.25
Q4 25
$-1.16
$0.30
Q3 25
$0.20
$0.41
Q2 25
$0.16
$0.34
Q1 25
$0.11
$0.34
Q4 24
$0.05
$0.33
Q3 24
$0.23
$0.33
Q2 24
$0.22
$0.30

Balance Sheet & Financial Strength

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

Metric
APG
APG
HBAN
HBAN
Cash + ST InvestmentsLiquidity on hand
$912.0M
Total DebtLower is stronger
$2.8B
$23.5B
Stockholders' EquityBook value
$3.4B
$32.6B
Total Assets
$8.9B
$285.4B
Debt / EquityLower = less leverage
0.81×
0.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APG
APG
HBAN
HBAN
Q1 26
Q4 25
$912.0M
Q3 25
$555.0M
Q2 25
$432.0M
Q1 25
$460.0M
Q4 24
$499.0M
Q3 24
$487.0M
Q2 24
$324.0M
Total Debt
APG
APG
HBAN
HBAN
Q1 26
$23.5B
Q4 25
$2.8B
$17.2B
Q3 25
$2.8B
$17.3B
Q2 25
$2.8B
$17.5B
Q1 25
$2.8B
$18.1B
Q4 24
$2.8B
$16.4B
Q3 24
$2.9B
$15.7B
Q2 24
$2.8B
$16.5B
Stockholders' Equity
APG
APG
HBAN
HBAN
Q1 26
$32.6B
Q4 25
$3.4B
$24.3B
Q3 25
$3.3B
$22.2B
Q2 25
$3.2B
$20.9B
Q1 25
$3.0B
$20.4B
Q4 24
$3.0B
$19.7B
Q3 24
$3.0B
$20.6B
Q2 24
$2.8B
$19.5B
Total Assets
APG
APG
HBAN
HBAN
Q1 26
$285.4B
Q4 25
$8.9B
$225.1B
Q3 25
$8.7B
$210.2B
Q2 25
$8.5B
$207.7B
Q1 25
$8.1B
$209.6B
Q4 24
$8.2B
$204.2B
Q3 24
$8.2B
$200.5B
Q2 24
$8.0B
$196.3B
Debt / Equity
APG
APG
HBAN
HBAN
Q1 26
0.72×
Q4 25
0.81×
0.71×
Q3 25
0.84×
0.78×
Q2 25
0.87×
0.83×
Q1 25
0.92×
0.89×
Q4 24
0.93×
0.83×
Q3 24
0.96×
0.76×
Q2 24
1.00×
0.84×

Cash Flow & Capital Efficiency

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

Metric
APG
APG
HBAN
HBAN
Operating Cash FlowLast quarter
$382.0M
Free Cash FlowOCF − Capex
$356.0M
FCF MarginFCF / Revenue
16.8%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
3.94×
TTM Free Cash FlowTrailing 4 quarters
$663.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APG
APG
HBAN
HBAN
Q1 26
Q4 25
$382.0M
$928.0M
Q3 25
$232.0M
$487.0M
Q2 25
$83.0M
$554.0M
Q1 25
$62.0M
$513.0M
Q4 24
$283.0M
$1.5B
Q3 24
$220.0M
$-438.0M
Q2 24
$110.0M
$305.0M
Free Cash Flow
APG
APG
HBAN
HBAN
Q1 26
Q4 25
$356.0M
$810.0M
Q3 25
$201.0M
$446.0M
Q2 25
$56.0M
$500.0M
Q1 25
$50.0M
$459.0M
Q4 24
$265.0M
$1.5B
Q3 24
$198.0M
$-480.0M
Q2 24
$88.0M
$263.0M
FCF Margin
APG
APG
HBAN
HBAN
Q1 26
Q4 25
16.8%
197.6%
Q3 25
9.6%
105.2%
Q2 25
2.8%
132.6%
Q1 25
2.9%
130.8%
Q4 24
14.2%
355.4%
Q3 24
10.8%
-132.6%
Q2 24
5.1%
73.1%
Capex Intensity
APG
APG
HBAN
HBAN
Q1 26
Q4 25
1.2%
28.8%
Q3 25
1.5%
9.7%
Q2 25
1.4%
14.3%
Q1 25
0.7%
15.4%
Q4 24
1.0%
6.6%
Q3 24
1.2%
11.6%
Q2 24
1.3%
11.7%
Cash Conversion
APG
APG
HBAN
HBAN
Q1 26
Q4 25
3.94×
1.79×
Q3 25
2.49×
0.77×
Q2 25
1.08×
1.03×
Q1 25
1.77×
0.97×
Q4 24
4.22×
2.80×
Q3 24
3.19×
-0.85×
Q2 24
1.59×
0.64×

Financial Flow Comparison

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

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