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Side-by-side financial comparison of Athene Holding Ltd. (ATHS) and US Foods Holding Corp. (USFD). Click either name above to swap in a different company.
US Foods Holding Corp. is the larger business by last-quarter revenue ($9.8B vs $8.1B, roughly 1.2× Athene Holding Ltd.). Athene Holding Ltd. runs the higher net margin — 6.4% vs 1.9%, a 4.6% gap on every dollar of revenue. On growth, Athene Holding Ltd. posted the faster year-over-year revenue change (115.1% vs 3.3%). Over the past eight quarters, Athene Holding Ltd.'s revenue compounded faster (19.2% CAGR vs 4.6%).
Athene Holding Ltd. is a leading US-focused retirement services provider. It offers fixed, indexed and variable annuity products plus tailored retirement savings solutions for individual consumers and institutional clients, aiming to help customers secure long-term financial stability for their retirement.
US Foods Holding Corp. is an American food service distributor. It is the second-largest food service distributor in the U.S., after Sysco. The company supplies 250,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions.
ATHS vs USFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.1B | $9.8B |
| Net Profit | $523.0M | $184.0M |
| Gross Margin | — | 17.6% |
| Operating Margin | 16.9% | 3.3% |
| Net Margin | 6.4% | 1.9% |
| Revenue YoY | 115.1% | 3.3% |
| Net Profit YoY | -48.5% | 178.8% |
| EPS (diluted) | — | $0.82 |
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.
| Q4 25 | $8.1B | $9.8B | ||
| Q3 25 | $8.0B | $10.2B | ||
| Q2 25 | $5.4B | $10.1B | ||
| Q1 25 | $4.2B | $9.4B | ||
| Q4 24 | $3.8B | $9.5B | ||
| Q3 24 | $6.5B | $9.7B | ||
| Q2 24 | $4.7B | $9.7B | ||
| Q1 24 | $5.7B | $8.9B |
| Q4 25 | $523.0M | $184.0M | ||
| Q3 25 | $1.3B | $153.0M | ||
| Q2 25 | $464.0M | $224.0M | ||
| Q1 25 | $465.0M | $115.0M | ||
| Q4 24 | $1.0B | $66.0M | ||
| Q3 24 | $625.0M | $148.0M | ||
| Q2 24 | $629.0M | $198.0M | ||
| Q1 24 | $1.2B | $82.0M |
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 16.7% |
| Q4 25 | 16.9% | 3.3% | ||
| Q3 25 | 26.8% | 2.8% | ||
| Q2 25 | 12.2% | 3.7% | ||
| Q1 25 | 22.3% | 2.4% | ||
| Q4 24 | 30.4% | 3.2% | ||
| Q3 24 | 25.7% | 2.9% | ||
| Q2 24 | 22.0% | 3.6% | ||
| Q1 24 | 31.1% | 1.8% |
| Q4 25 | 6.4% | 1.9% | ||
| Q3 25 | 15.7% | 1.5% | ||
| Q2 25 | 8.7% | 2.2% | ||
| Q1 25 | 11.1% | 1.2% | ||
| Q4 24 | 26.8% | 0.7% | ||
| Q3 24 | 9.6% | 1.5% | ||
| Q2 24 | 13.5% | 2.0% | ||
| Q1 24 | 20.8% | 0.9% |
| Q4 25 | — | $0.82 | ||
| Q3 25 | — | $0.67 | ||
| Q2 25 | — | $0.96 | ||
| Q1 25 | — | $0.49 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | — | $0.61 | ||
| Q2 24 | — | $0.80 | ||
| Q1 24 | — | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $41.0M |
| Total DebtLower is stronger | $7.8B | $5.1B |
| Stockholders' EquityBook value | $20.5B | $4.3B |
| Total Assets | $442.2B | $13.9B |
| Debt / EquityLower = less leverage | 0.38× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $41.0M | ||
| Q3 25 | — | $56.0M | ||
| Q2 25 | — | $61.0M | ||
| Q1 25 | — | $101.0M | ||
| Q4 24 | — | $59.0M | ||
| Q3 24 | — | $81.0M | ||
| Q2 24 | — | $405.0M | ||
| Q1 24 | $15.3B | $267.0M |
| Q4 25 | $7.8B | $5.1B | ||
| Q3 25 | $7.9B | $4.8B | ||
| Q2 25 | $7.9B | $4.7B | ||
| Q1 25 | $6.3B | $4.7B | ||
| Q4 24 | $6.3B | $4.8B | ||
| Q3 24 | $5.7B | $4.7B | ||
| Q2 24 | $5.7B | $4.6B | ||
| Q1 24 | $5.7B | $4.6B |
| Q4 25 | $20.5B | $4.3B | ||
| Q3 25 | $20.4B | $4.5B | ||
| Q2 25 | $18.1B | $4.6B | ||
| Q1 25 | $17.5B | $4.6B | ||
| Q4 24 | $16.4B | $4.5B | ||
| Q3 24 | $17.4B | $4.6B | ||
| Q2 24 | $15.0B | $5.0B | ||
| Q1 24 | $14.8B | $4.8B |
| Q4 25 | $442.2B | $13.9B | ||
| Q3 25 | $429.9B | $14.0B | ||
| Q2 25 | $405.3B | $13.8B | ||
| Q1 25 | $381.5B | $13.7B | ||
| Q4 24 | $363.3B | $13.4B | ||
| Q3 24 | $355.0B | $13.5B | ||
| Q2 24 | $332.6B | $13.7B | ||
| Q1 24 | $320.6B | $13.4B |
| Q4 25 | 0.38× | 1.18× | ||
| Q3 25 | 0.38× | 1.08× | ||
| Q2 25 | 0.43× | 1.02× | ||
| Q1 25 | 0.36× | 1.02× | ||
| Q4 24 | 0.39× | 1.06× | ||
| Q3 24 | 0.33× | 1.01× | ||
| Q2 24 | 0.38× | 0.92× | ||
| Q1 24 | 0.39× | 0.95× |
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 | $3.0B | $293.0M |
| Free Cash FlowOCF − Capex | — | $159.0M |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 5.82× | 1.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $959.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $293.0M | ||
| Q3 25 | $636.0M | $351.0M | ||
| Q2 25 | $1.1B | $334.0M | ||
| Q1 25 | $426.0M | $391.0M | ||
| Q4 24 | $386.0M | $283.0M | ||
| Q3 24 | $780.0M | $270.0M | ||
| Q2 24 | $525.0M | $482.0M | ||
| Q1 24 | $185.0M | $139.0M |
| Q4 25 | — | $159.0M | ||
| Q3 25 | — | $236.0M | ||
| Q2 25 | — | $257.0M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $178.0M | ||
| Q3 24 | — | $190.0M | ||
| Q2 24 | — | $413.0M | ||
| Q1 24 | — | $52.0M |
| Q4 25 | — | 1.6% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 3.3% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | 0.6% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 1.1% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.9% | ||
| Q4 24 | — | 1.1% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 5.82× | 1.59× | ||
| Q3 25 | 0.51× | 2.29× | ||
| Q2 25 | 2.28× | 1.49× | ||
| Q1 25 | 0.92× | 3.40× | ||
| Q4 24 | 0.38× | 4.29× | ||
| Q3 24 | 1.25× | 1.82× | ||
| Q2 24 | 0.83× | 2.43× | ||
| Q1 24 | 0.16× | 1.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATHS
Segment breakdown not available.
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
