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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and Digital Realty (DLR). Click either name above to swap in a different company.
Digital Realty is the larger business by last-quarter revenue ($1.6B vs $975.0M, roughly 1.7× BREAD FINANCIAL HOLDINGS, INC.). On growth, Digital Realty posted the faster year-over-year revenue change (16.1% vs 5.4%). Over the past eight quarters, Digital Realty's revenue compounded faster (9.8% CAGR vs -0.8%).
Bread Financial Holdings, Inc. is an American publicly traded provider of private label credit cards, coalition loyalty programs, and direct marketing, derived from the capture and analysis of transaction-rich data.
Digital Realty is a real estate investment trust that owns, operates and invests in carrier-neutral data centers across the world. The company offers data center, colocation, and interconnection services.
BFH vs DLR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.6B |
| Net Profit | — | $98.6M |
| Gross Margin | — | — |
| Operating Margin | 4.9% | 6.9% |
| Net Margin | — | 6.0% |
| Revenue YoY | 5.4% | 16.1% |
| Net Profit YoY | — | -10.3% |
| EPS (diluted) | $1.21 | $0.22 |
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 | — | $1.6B | ||
| Q4 25 | $975.0M | $1.6B | ||
| Q3 25 | $971.0M | $1.6B | ||
| Q2 25 | $929.0M | $1.5B | ||
| Q1 25 | $970.0M | $1.4B | ||
| Q4 24 | $925.0M | $1.4B | ||
| Q3 24 | $983.0M | $1.4B | ||
| Q2 24 | $939.0M | $1.4B |
| Q1 26 | — | $98.6M | ||
| Q4 25 | — | $98.6M | ||
| Q3 25 | $188.0M | $67.8M | ||
| Q2 25 | $139.0M | $1.0B | ||
| Q1 25 | $138.0M | $110.0M | ||
| Q4 24 | — | $189.6M | ||
| Q3 24 | $2.0M | $51.2M | ||
| Q2 24 | $133.0M | $80.2M |
| Q1 26 | — | 6.9% | ||
| Q4 25 | 4.9% | 6.9% | ||
| Q3 25 | 20.2% | 8.8% | ||
| Q2 25 | 18.7% | 14.2% | ||
| Q1 25 | 20.3% | 13.9% | ||
| Q4 24 | -2.9% | 10.1% | ||
| Q3 24 | 4.1% | 11.8% | ||
| Q2 24 | 19.2% | 0.7% |
| Q1 26 | — | 6.0% | ||
| Q4 25 | — | 6.0% | ||
| Q3 25 | 19.4% | 4.3% | ||
| Q2 25 | 15.0% | 69.1% | ||
| Q1 25 | 14.2% | 7.8% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 0.2% | 3.6% | ||
| Q2 24 | 14.2% | 5.9% |
| Q1 26 | — | $0.22 | ||
| Q4 25 | $1.21 | $0.22 | ||
| Q3 25 | $3.96 | $0.15 | ||
| Q2 25 | $2.94 | $2.94 | ||
| Q1 25 | $2.78 | $0.27 | ||
| Q4 24 | $0.08 | $0.50 | ||
| Q3 24 | $0.05 | $0.09 | ||
| Q2 24 | $2.66 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.6B | $3.5B |
| Total DebtLower is stronger | $4.3B | — |
| Stockholders' EquityBook value | $3.3B | $22.9B |
| Total Assets | $22.7B | $49.4B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $3.5B | ||
| Q4 25 | $3.6B | $3.5B | ||
| Q3 25 | $3.8B | $3.3B | ||
| Q2 25 | $3.8B | $3.6B | ||
| Q1 25 | $4.2B | $2.3B | ||
| Q4 24 | $4.0B | $3.9B | ||
| Q3 24 | $3.5B | $2.2B | ||
| Q2 24 | $4.1B | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $5.1B | — | ||
| Q4 24 | $5.6B | — | ||
| Q3 24 | $4.6B | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $22.9B | ||
| Q4 25 | $3.3B | $22.9B | ||
| Q3 25 | $3.3B | $23.0B | ||
| Q2 25 | $3.2B | $22.9B | ||
| Q1 25 | $3.1B | $21.3B | ||
| Q4 24 | $3.1B | $21.3B | ||
| Q3 24 | $3.1B | $21.2B | ||
| Q2 24 | $3.2B | $20.5B |
| Q1 26 | — | $49.4B | ||
| Q4 25 | $22.7B | $49.4B | ||
| Q3 25 | $21.7B | $48.7B | ||
| Q2 25 | $21.8B | $48.7B | ||
| Q1 25 | $22.4B | $45.1B | ||
| Q4 24 | $22.9B | $45.3B | ||
| Q3 24 | $21.7B | $45.3B | ||
| Q2 24 | $22.1B | $43.6B |
| Q1 26 | — | — | ||
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.34× | — | ||
| Q1 25 | 1.67× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 1.47× | — | ||
| Q2 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 | $568.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $568.0M | $719.0M | ||
| Q3 25 | $605.0M | $652.9M | ||
| Q2 25 | $526.0M | $641.2M | ||
| Q1 25 | $393.0M | $399.1M | ||
| Q4 24 | $479.0M | $769.5M | ||
| Q3 24 | $456.0M | $566.5M | ||
| Q2 24 | $477.0M | $573.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.29× | ||
| Q3 25 | 3.22× | 9.63× | ||
| Q2 25 | 3.78× | 0.62× | ||
| Q1 25 | 2.85× | 3.63× | ||
| Q4 24 | — | 4.06× | ||
| Q3 24 | 228.00× | 11.07× | ||
| Q2 24 | 3.59× | 7.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
