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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
BRIGHT HORIZONS FAMILY SOLUTIONS INC. is the larger business by last-quarter revenue ($733.7M vs $430.0M, roughly 1.7× PEGASYSTEMS INC). On growth, BRIGHT HORIZONS FAMILY SOLUTIONS INC. posted the faster year-over-year revenue change (8.8% vs -9.6%). BRIGHT HORIZONS FAMILY SOLUTIONS INC. produced more free cash flow last quarter ($258.5M vs $206.5M). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 8.5%).
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.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
BFAM vs PEGA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $733.7M | $430.0M |
| Net Profit | — | $32.8M |
| Gross Margin | 19.3% | 75.2% |
| Operating Margin | 6.2% | 8.6% |
| Net Margin | — | 7.6% |
| Revenue YoY | 8.8% | -9.6% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.38 | $0.18 |
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.
| Q1 26 | — | $430.0M | ||
| Q4 25 | $733.7M | $504.3M | ||
| Q3 25 | $802.8M | $381.4M | ||
| Q2 25 | $731.6M | $384.5M | ||
| Q1 25 | $665.5M | $475.6M | ||
| Q4 24 | $674.1M | $490.8M | ||
| Q3 24 | $719.1M | $325.1M | ||
| Q2 24 | $670.1M | $351.2M |
| Q1 26 | — | $32.8M | ||
| Q4 25 | — | $234.6M | ||
| Q3 25 | $78.6M | $43.4M | ||
| Q2 25 | $54.8M | $30.1M | ||
| Q1 25 | $38.0M | $85.4M | ||
| Q4 24 | — | $119.1M | ||
| Q3 24 | $54.9M | $-14.4M | ||
| Q2 24 | $39.2M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | 19.3% | 79.5% | ||
| Q3 25 | 27.0% | 72.2% | ||
| Q2 25 | 25.0% | 71.5% | ||
| Q1 25 | 23.4% | 78.5% | ||
| Q4 24 | 20.8% | 79.1% | ||
| Q3 24 | 25.2% | 70.2% | ||
| Q2 24 | 24.2% | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 6.2% | 20.7% | ||
| Q3 25 | 15.1% | 3.8% | ||
| Q2 25 | 11.8% | 4.5% | ||
| Q1 25 | 9.4% | 26.7% | ||
| Q4 24 | 7.2% | 29.1% | ||
| Q3 24 | 12.4% | -3.6% | ||
| Q2 24 | 10.3% | 3.7% |
| Q1 26 | — | 7.6% | ||
| Q4 25 | — | 46.5% | ||
| Q3 25 | 9.8% | 11.4% | ||
| Q2 25 | 7.5% | 7.8% | ||
| Q1 25 | 5.7% | 18.0% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | 7.6% | -4.4% | ||
| Q2 24 | 5.8% | 1.9% |
| Q1 26 | — | $0.18 | ||
| Q4 25 | $0.38 | $0.81 | ||
| Q3 25 | $1.37 | $0.24 | ||
| Q2 25 | $0.95 | $0.17 | ||
| Q1 25 | $0.66 | $0.91 | ||
| Q4 24 | $0.50 | $1.35 | ||
| Q3 24 | $0.94 | $-0.17 | ||
| Q2 24 | $0.67 | $0.07 |
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 | $270.0M |
| Total DebtLower is stronger | $747.6M | — |
| Stockholders' EquityBook value | $1.3B | $705.9M |
| Total Assets | $3.9B | $1.6B |
| Debt / EquityLower = less leverage | 0.56× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | $140.1M | $425.8M | ||
| Q3 25 | $116.6M | $351.4M | ||
| Q2 25 | $179.2M | $411.6M | ||
| Q1 25 | $112.0M | $371.7M | ||
| Q4 24 | $110.3M | $740.0M | ||
| Q3 24 | $109.9M | $703.0M | ||
| Q2 24 | $140.2M | $665.1M |
| Q1 26 | — | — | ||
| 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 26 | — | $705.9M | ||
| Q4 25 | $1.3B | $787.4M | ||
| Q3 25 | $1.4B | $596.8M | ||
| Q2 25 | $1.4B | $624.5M | ||
| Q1 25 | $1.3B | $611.3M | ||
| Q4 24 | $1.3B | $585.5M | ||
| Q3 24 | $1.4B | $473.0M | ||
| Q2 24 | $1.3B | $435.4M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $3.9B | $1.6B | ||
| Q3 25 | $3.9B | $1.3B | ||
| Q2 25 | $3.9B | $1.3B | ||
| Q1 25 | $3.8B | $1.3B | ||
| Q4 24 | $3.9B | $1.8B | ||
| Q3 24 | $3.9B | $1.6B | ||
| Q2 24 | $3.8B | $1.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $258.5M | $206.5M |
| FCF MarginFCF / Revenue | 35.2% | 48.0% |
| Capex IntensityCapex / Revenue | 12.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $402.4M | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $350.7M | $158.4M | ||
| Q3 25 | $-17.6M | $56.3M | ||
| Q2 25 | $134.2M | $86.3M | ||
| Q1 25 | $86.2M | $204.2M | ||
| Q4 24 | $337.5M | $95.2M | ||
| Q3 24 | $-8.9M | $30.5M | ||
| Q2 24 | $109.4M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $258.5M | $152.4M | ||
| Q3 25 | $-42.4M | $51.8M | ||
| Q2 25 | $115.4M | $84.1M | ||
| Q1 25 | $70.9M | $202.3M | ||
| Q4 24 | $240.2M | $92.4M | ||
| Q3 24 | $-32.2M | $27.4M | ||
| Q2 24 | $86.8M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | 35.2% | 30.2% | ||
| Q3 25 | -5.3% | 13.6% | ||
| Q2 25 | 15.8% | 21.9% | ||
| Q1 25 | 10.7% | 42.5% | ||
| Q4 24 | 35.6% | 18.8% | ||
| Q3 24 | -4.5% | 8.4% | ||
| Q2 24 | 13.0% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 12.6% | 1.2% | ||
| Q3 25 | 3.1% | 1.2% | ||
| Q2 25 | 2.6% | 0.6% | ||
| Q1 25 | 2.3% | 0.4% | ||
| Q4 24 | 14.4% | 0.6% | ||
| Q3 24 | 3.2% | 0.9% | ||
| Q2 24 | 3.4% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.68× | ||
| Q3 25 | -0.22× | 1.30× | ||
| Q2 25 | 2.45× | 2.87× | ||
| Q1 25 | 2.26× | 2.39× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | -0.16× | — | ||
| Q2 24 | 2.79× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFAM
Segment breakdown not available.
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
