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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $733.7M, roughly 1.9× BRIGHT HORIZONS FAMILY SOLUTIONS INC.). On growth, BRIGHT HORIZONS FAMILY SOLUTIONS INC. posted the faster year-over-year revenue change (8.8% vs 3.1%). BRIGHT HORIZONS FAMILY SOLUTIONS INC. produced more free cash flow last quarter ($258.5M vs $35.0M).
Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
BFAM vs LINE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $1.4B |
| Net Profit | — | $-100.0M |
| Gross Margin | 19.3% | 32.3% |
| Operating Margin | 6.2% | 2.5% |
| Net Margin | — | -7.3% |
| Revenue YoY | 8.8% | 3.1% |
| Net Profit YoY | — | 79.4% |
| EPS (diluted) | $0.38 | $-0.44 |
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 | $733.7M | — | ||
| Q3 25 | $802.8M | $1.4B | ||
| Q2 25 | $731.6M | $1.4B | ||
| Q1 25 | $665.5M | $1.3B | ||
| Q4 24 | $674.1M | $1.3B | ||
| Q3 24 | $719.1M | $1.3B | ||
| Q2 24 | $670.1M | $1.3B | ||
| Q1 24 | $622.7M | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | $78.6M | $-100.0M | ||
| Q2 25 | $54.8M | $-6.0M | ||
| Q1 25 | $38.0M | $0 | ||
| Q4 24 | — | $-71.0M | ||
| Q3 24 | $54.9M | $-485.0M | ||
| Q2 24 | $39.2M | $-68.0M | ||
| Q1 24 | $17.0M | $-40.0M |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 27.0% | 32.3% | ||
| Q2 25 | 25.0% | 31.9% | ||
| Q1 25 | 23.4% | 32.2% | ||
| Q4 24 | 20.8% | 32.3% | ||
| Q3 24 | 25.2% | 32.8% | ||
| Q2 24 | 24.2% | 33.4% | ||
| Q1 24 | 21.7% | 33.4% |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 15.1% | 2.5% | ||
| Q2 25 | 11.8% | 1.7% | ||
| Q1 25 | 9.4% | 4.3% | ||
| Q4 24 | 7.2% | -1.6% | ||
| Q3 24 | 12.4% | -38.6% | ||
| Q2 24 | 10.3% | 5.5% | ||
| Q1 24 | 6.4% | 7.6% |
| Q4 25 | — | — | ||
| Q3 25 | 9.8% | -7.3% | ||
| Q2 25 | 7.5% | -0.4% | ||
| Q1 25 | 5.7% | — | ||
| Q4 24 | — | -5.3% | ||
| Q3 24 | 7.6% | -36.3% | ||
| Q2 24 | 5.8% | -5.1% | ||
| Q1 24 | 2.7% | -3.0% |
| Q4 25 | $0.38 | — | ||
| Q3 25 | $1.37 | $-0.44 | ||
| Q2 25 | $0.95 | $-0.03 | ||
| Q1 25 | $0.66 | $0.01 | ||
| Q4 24 | $0.50 | $-0.52 | ||
| Q3 24 | $0.94 | $-2.44 | ||
| Q2 24 | $0.67 | $-0.46 | ||
| Q1 24 | $0.29 | $-0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $140.1M | — |
| Total DebtLower is stronger | $747.6M | — |
| Stockholders' EquityBook value | $1.3B | $8.4B |
| Total Assets | $3.9B | $19.2B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.1M | — | ||
| Q3 25 | $116.6M | — | ||
| Q2 25 | $179.2M | — | ||
| Q1 25 | $112.0M | — | ||
| Q4 24 | $110.3M | $173.0M | ||
| Q3 24 | $109.9M | $409.0M | ||
| Q2 24 | $140.2M | $73.0M | ||
| Q1 24 | $63.7M | — |
| Q4 25 | $747.6M | — | ||
| Q3 25 | $747.5M | — | ||
| Q2 25 | $797.0M | — | ||
| Q1 25 | $872.7M | — | ||
| Q4 24 | $918.4M | — | ||
| Q3 24 | $925.7M | — | ||
| Q2 24 | $931.9M | — | ||
| Q1 24 | $938.1M | — |
| Q4 25 | $1.3B | — | ||
| Q3 25 | $1.4B | $8.4B | ||
| Q2 25 | $1.4B | $8.6B | ||
| Q1 25 | $1.3B | $8.6B | ||
| Q4 24 | $1.3B | $8.6B | ||
| Q3 24 | $1.4B | $9.0B | ||
| Q2 24 | $1.3B | $4.9B | ||
| Q1 24 | $1.2B | $5.6B |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | $19.2B | ||
| Q2 25 | $3.9B | $19.4B | ||
| Q1 25 | $3.8B | $18.8B | ||
| Q4 24 | $3.9B | $18.7B | ||
| Q3 24 | $3.9B | $19.3B | ||
| Q2 24 | $3.8B | $18.8B | ||
| Q1 24 | $3.8B | — |
| Q4 25 | 0.56× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.57× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.72× | — | ||
| Q3 24 | 0.66× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.76× | — |
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 | $350.7M | $230.0M |
| Free Cash FlowOCF − Capex | $258.5M | $35.0M |
| FCF MarginFCF / Revenue | 35.2% | 2.5% |
| Capex IntensityCapex / Revenue | 12.6% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $350.7M | — | ||
| Q3 25 | $-17.6M | $230.0M | ||
| Q2 25 | $134.2M | $258.0M | ||
| Q1 25 | $86.2M | $139.0M | ||
| Q4 24 | $337.5M | — | ||
| Q3 24 | $-8.9M | $186.0M | ||
| Q2 24 | $109.4M | $155.0M | ||
| Q1 24 | $116.3M | $105.0M |
| Q4 25 | $258.5M | — | ||
| Q3 25 | $-42.4M | $35.0M | ||
| Q2 25 | $115.4M | $95.0M | ||
| Q1 25 | $70.9M | $-12.0M | ||
| Q4 24 | $240.2M | — | ||
| Q3 24 | $-32.2M | $33.0M | ||
| Q2 24 | $86.8M | $-31.0M | ||
| Q1 24 | $96.9M | $-42.0M |
| Q4 25 | 35.2% | — | ||
| Q3 25 | -5.3% | 2.5% | ||
| Q2 25 | 15.8% | 7.0% | ||
| Q1 25 | 10.7% | -0.9% | ||
| Q4 24 | 35.6% | — | ||
| Q3 24 | -4.5% | 2.5% | ||
| Q2 24 | 13.0% | -2.3% | ||
| Q1 24 | 15.6% | -3.2% |
| Q4 25 | 12.6% | — | ||
| Q3 25 | 3.1% | 14.2% | ||
| Q2 25 | 2.6% | 12.1% | ||
| Q1 25 | 2.3% | 11.7% | ||
| Q4 24 | 14.4% | — | ||
| Q3 24 | 3.2% | 11.5% | ||
| Q2 24 | 3.4% | 13.9% | ||
| Q1 24 | 3.1% | 11.1% |
| Q4 25 | — | — | ||
| Q3 25 | -0.22× | — | ||
| Q2 25 | 2.45× | — | ||
| Q1 25 | 2.26× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | — | ||
| Q1 24 | 6.85× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
