vs
Side-by-side financial comparison of Alibaba Group Holding Ltd (BABA) and Walgreens Boots Alliance (WBA). Click either name above to swap in a different company.
Walgreens Boots Alliance is the larger business by last-quarter revenue ($39.0B vs $38.8B, roughly 1.0× Alibaba Group Holding Ltd). Alibaba Group Holding Ltd runs the higher net margin — 5.8% vs -0.4%, a 6.2% gap on every dollar of revenue.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and cloud computing services. It owns and operates a diverse...
Walgreens Boots Alliance, Inc. (WBA) was an American multinational holding company headquartered in Deerfield, Illinois. The company was formed on December 31, 2014, after Walgreens bought the 55% stake in Alliance Boots that it did not already own. The total price of the acquisition was $4.9 billion in cash and 144.3 million common shares with fair value of $10.7 billion. Walgreens had previously purchased 45% of the company for $4.0 billion and 83.
BABA vs WBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.8B | $39.0B |
| Net Profit | $2.2B | $-175.0M |
| Gross Margin | 40.2% | 16.7% |
| Operating Margin | 6.6% | 0.1% |
| Net Margin | 5.8% | -0.4% |
| Revenue YoY | — | 7.2% |
| Net Profit YoY | — | -150.9% |
| EPS (diluted) | $6.64 | $-0.20 |
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 | $38.8B | — | ||
| Q3 25 | $34.2B | — | ||
| Q2 25 | $32.6B | $39.0B | ||
| Q1 25 | — | $38.6B | ||
| Q4 24 | $38.7B | $39.5B | ||
| Q3 24 | — | $37.5B | ||
| Q2 24 | — | $36.4B | ||
| Q1 24 | — | $37.1B |
| Q4 25 | $2.2B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $1.7B | $-175.0M | ||
| Q1 25 | — | $-2.9B | ||
| Q4 24 | $6.8B | $-265.0M | ||
| Q3 24 | — | $-3.0B | ||
| Q2 24 | — | $344.0M | ||
| Q1 24 | — | $-5.9B |
| Q4 25 | 40.2% | — | ||
| Q3 25 | 39.2% | — | ||
| Q2 25 | 38.4% | 16.7% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | 42.0% | 17.2% | ||
| Q3 24 | — | 16.7% | ||
| Q2 24 | — | 17.8% | ||
| Q1 24 | — | 19.0% |
| Q4 25 | 6.6% | — | ||
| Q3 25 | 2.2% | — | ||
| Q2 25 | 12.0% | 0.1% | ||
| Q1 25 | — | -14.4% | ||
| Q4 24 | 14.7% | -0.6% | ||
| Q3 24 | — | -2.6% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | -35.5% |
| Q4 25 | 5.8% | — | ||
| Q3 25 | 8.5% | — | ||
| Q2 25 | 5.3% | -0.4% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | 17.5% | -0.7% | ||
| Q3 24 | — | -8.0% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | -15.9% |
| Q4 25 | $6.64 | — | ||
| Q3 25 | $8.72 | — | ||
| Q2 25 | $5.20 | $-0.20 | ||
| Q1 25 | — | $-3.30 | ||
| Q4 24 | $20.40 | $-0.31 | ||
| Q3 24 | — | $-3.48 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $-6.85 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.3B | $830.0M |
| Total DebtLower is stronger | — | $7.4B |
| Stockholders' EquityBook value | $148.7B | $7.2B |
| Total Assets | $268.6B | $69.4B |
| Debt / EquityLower = less leverage | — | 1.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3B | — | ||
| Q3 25 | $19.0B | — | ||
| Q2 25 | $20.0B | $830.0M | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $22.3B | $1.2B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $703.0M | ||
| Q1 24 | — | $668.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $7.4B | ||
| Q1 25 | — | $8.0B | ||
| Q4 24 | — | $8.1B | ||
| Q3 24 | — | $9.6B | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $148.7B | — | ||
| Q3 25 | $145.0B | — | ||
| Q2 25 | $139.2B | $7.2B | ||
| Q1 25 | — | $7.1B | ||
| Q4 24 | $137.2B | $9.9B | ||
| Q3 24 | — | $10.4B | ||
| Q2 24 | — | $13.6B | ||
| Q1 24 | — | $13.5B |
| Q4 25 | $268.6B | — | ||
| Q3 25 | $264.6B | — | ||
| Q2 25 | $248.6B | $69.4B | ||
| Q1 25 | — | $70.2B | ||
| Q4 24 | $254.1B | $78.5B | ||
| Q3 24 | — | $81.0B | ||
| Q2 24 | — | $83.0B | ||
| Q1 24 | — | $84.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 1.13× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.92× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $5.2B | $584.0M |
| Free Cash FlowOCF − Capex | — | $336.0M |
| FCF MarginFCF / Revenue | — | 0.9% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 2.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $580.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.2B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $3.8B | $584.0M | ||
| Q1 25 | — | $-199.0M | ||
| Q4 24 | $9.7B | $-140.0M | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $604.0M | ||
| Q1 24 | — | $-637.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $336.0M | ||
| Q1 25 | — | $-418.0M | ||
| Q4 24 | — | $-424.0M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $327.0M | ||
| Q1 24 | — | $-989.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.9% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | — | -1.1% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | -2.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 2.31× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 2.19× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.43× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.76× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BABA
| Alibaba China E-commerce Group | $22.8B | 59% |
| All others | $9.6B | 25% |
| Cloud Intelligence Group | $6.2B | 16% |
WBA
| Pharmacy | $24.4B | 63% |
| Retail | $6.3B | 16% |
| International Reportable Segment | $6.2B | 16% |
| US Healthcare | $2.1B | 5% |
