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Side-by-side financial comparison of American Express (AXP) and US Foods Holding Corp. (USFD). Click either name above to swap in a different company.
American Express is the larger business by last-quarter revenue ($10.9B vs $9.8B, roughly 1.1× US Foods Holding Corp.). American Express runs the higher net margin — 22.5% vs 1.9%, a 20.6% gap on every dollar of revenue. On growth, American Express posted the faster year-over-year revenue change (9.9% vs 3.3%). American Express produced more free cash flow last quarter ($2.3B vs $159.0M). Over the past eight quarters, American Express's revenue compounded faster (8.2% CAGR vs 4.6%).
American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products an...
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.
AXP vs USFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $10.9B | $9.8B |
| Net Profit | $2.5B | $184.0M |
| Gross Margin | — | 17.6% |
| Operating Margin | 28.2% | 3.3% |
| Net Margin | 22.5% | 1.9% |
| Revenue YoY | 9.9% | 3.3% |
| Net Profit YoY | 13.5% | 178.8% |
| EPS (diluted) | $3.52 | $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 | $10.9B | $9.8B | ||
| Q3 25 | $10.4B | $10.2B | ||
| Q2 25 | $10.3B | $10.1B | ||
| Q1 25 | $9.6B | $9.4B | ||
| Q4 24 | $10.0B | $9.5B | ||
| Q3 24 | $9.7B | $9.7B | ||
| Q2 24 | $9.8B | $9.7B | ||
| Q1 24 | $9.3B | $8.9B |
| Q4 25 | $2.5B | $184.0M | ||
| Q3 25 | $2.9B | $153.0M | ||
| Q2 25 | $2.9B | $224.0M | ||
| Q1 25 | $2.6B | $115.0M | ||
| Q4 24 | $2.2B | $66.0M | ||
| Q3 24 | $2.5B | $148.0M | ||
| Q2 24 | $3.0B | $198.0M | ||
| Q1 24 | $2.4B | $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 | 28.2% | 3.3% | ||
| Q3 25 | 36.7% | 2.8% | ||
| Q2 25 | 34.4% | 3.7% | ||
| Q1 25 | 34.6% | 2.4% | ||
| Q4 24 | 27.7% | 3.2% | ||
| Q3 24 | 33.0% | 2.9% | ||
| Q2 24 | 38.6% | 3.6% | ||
| Q1 24 | 33.7% | 1.8% |
| Q4 25 | 22.5% | 1.9% | ||
| Q3 25 | 27.9% | 1.5% | ||
| Q2 25 | 28.0% | 2.2% | ||
| Q1 25 | 26.8% | 1.2% | ||
| Q4 24 | 21.8% | 0.7% | ||
| Q3 24 | 25.8% | 1.5% | ||
| Q2 24 | 30.7% | 2.0% | ||
| Q1 24 | 26.1% | 0.9% |
| Q4 25 | $3.52 | $0.82 | ||
| Q3 25 | $4.14 | $0.67 | ||
| Q2 25 | $4.08 | $0.96 | ||
| Q1 25 | $3.64 | $0.49 | ||
| Q4 24 | $3.04 | $0.28 | ||
| Q3 24 | $3.49 | $0.61 | ||
| Q2 24 | $4.15 | $0.80 | ||
| Q1 24 | $3.33 | $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 | $742.0M | $41.0M |
| Total DebtLower is stronger | $56.4B | $5.1B |
| Stockholders' EquityBook value | $33.5B | $4.3B |
| Total Assets | $300.1B | $13.9B |
| Debt / EquityLower = less leverage | 1.68× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $742.0M | $41.0M | ||
| Q3 25 | $1.3B | $56.0M | ||
| Q2 25 | $197.0M | $61.0M | ||
| Q1 25 | $261.0M | $101.0M | ||
| Q4 24 | $221.0M | $59.0M | ||
| Q3 24 | $120.0M | $81.0M | ||
| Q2 24 | $188.0M | $405.0M | ||
| Q1 24 | $69.0M | $267.0M |
| Q4 25 | $56.4B | $5.1B | ||
| Q3 25 | $57.8B | $4.8B | ||
| Q2 25 | $58.2B | $4.7B | ||
| Q1 25 | $51.2B | $4.7B | ||
| Q4 24 | $49.7B | $4.8B | ||
| Q3 24 | $53.5B | $4.7B | ||
| Q2 24 | $51.5B | $4.6B | ||
| Q1 24 | $48.8B | $4.6B |
| Q4 25 | $33.5B | $4.3B | ||
| Q3 25 | $32.4B | $4.5B | ||
| Q2 25 | $32.3B | $4.6B | ||
| Q1 25 | $31.2B | $4.6B | ||
| Q4 24 | $30.3B | $4.5B | ||
| Q3 24 | $29.7B | $4.6B | ||
| Q2 24 | $29.5B | $5.0B | ||
| Q1 24 | $28.8B | $4.8B |
| Q4 25 | $300.1B | $13.9B | ||
| Q3 25 | $297.6B | $14.0B | ||
| Q2 25 | $295.6B | $13.8B | ||
| Q1 25 | $282.2B | $13.7B | ||
| Q4 24 | $271.5B | $13.4B | ||
| Q3 24 | $271.0B | $13.5B | ||
| Q2 24 | $272.2B | $13.7B | ||
| Q1 24 | $269.3B | $13.4B |
| Q4 25 | 1.68× | 1.18× | ||
| Q3 25 | 1.78× | 1.08× | ||
| Q2 25 | 1.80× | 1.02× | ||
| Q1 25 | 1.64× | 1.02× | ||
| Q4 24 | 1.64× | 1.06× | ||
| Q3 24 | 1.80× | 1.01× | ||
| Q2 24 | 1.74× | 0.92× | ||
| Q1 24 | 1.70× | 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 | $3.1B | $293.0M |
| Free Cash FlowOCF − Capex | $2.3B | $159.0M |
| FCF MarginFCF / Revenue | 21.4% | 1.6% |
| Capex IntensityCapex / Revenue | 6.6% | 1.4% |
| Cash ConversionOCF / Net Profit | 1.25× | 1.59× |
| TTM Free Cash FlowTrailing 4 quarters | $16.0B | $959.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.1B | $293.0M | ||
| Q3 25 | $6.2B | $351.0M | ||
| Q2 25 | $4.4B | $334.0M | ||
| Q1 25 | $4.8B | $391.0M | ||
| Q4 24 | $5.8B | $283.0M | ||
| Q3 24 | $-1.8B | $270.0M | ||
| Q2 24 | $4.5B | $482.0M | ||
| Q1 24 | $5.6B | $139.0M |
| Q4 25 | $2.3B | $159.0M | ||
| Q3 25 | $5.6B | $236.0M | ||
| Q2 25 | $3.7B | $257.0M | ||
| Q1 25 | $4.3B | $307.0M | ||
| Q4 24 | $5.3B | $178.0M | ||
| Q3 24 | $-2.3B | $190.0M | ||
| Q2 24 | $4.0B | $413.0M | ||
| Q1 24 | $5.2B | $52.0M |
| Q4 25 | 21.4% | 1.6% | ||
| Q3 25 | 53.6% | 2.3% | ||
| Q2 25 | 36.3% | 2.5% | ||
| Q1 25 | 45.0% | 3.3% | ||
| Q4 24 | 53.1% | 1.9% | ||
| Q3 24 | -23.3% | 2.0% | ||
| Q2 24 | 40.4% | 4.3% | ||
| Q1 24 | 55.2% | 0.6% |
| Q4 25 | 6.6% | 1.4% | ||
| Q3 25 | 6.3% | 1.1% | ||
| Q2 25 | 6.0% | 0.8% | ||
| Q1 25 | 4.5% | 0.9% | ||
| Q4 24 | 5.0% | 1.1% | ||
| Q3 24 | 4.7% | 0.8% | ||
| Q2 24 | 5.8% | 0.7% | ||
| Q1 24 | 4.2% | 1.0% |
| Q4 25 | 1.25× | 1.59× | ||
| Q3 25 | 2.15× | 2.29× | ||
| Q2 25 | 1.51× | 1.49× | ||
| Q1 25 | 1.84× | 3.40× | ||
| Q4 24 | 2.66× | 4.29× | ||
| Q3 24 | -0.72× | 1.82× | ||
| Q2 24 | 1.50× | 2.43× | ||
| Q1 24 | 2.28× | 1.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AXP
| US Consumer Services Segment | $4.2B | 38% |
| Commercial Services Segment | $3.1B | 28% |
| International Card Services Segment | $2.1B | 19% |
| Global Merchant And Network Services Segment | $1.7B | 15% |
| Financial Service Other | $471.0M | 4% |
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% |
