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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and Grocery Outlet Holding Corp. (GO). Click either name above to swap in a different company.
Grocery Outlet Holding Corp. is the larger business by last-quarter revenue ($1.2B vs $975.0M, roughly 1.2× BREAD FINANCIAL HOLDINGS, INC.). On growth, Grocery Outlet Holding Corp. posted the faster year-over-year revenue change (10.7% vs 5.4%). Over the past eight quarters, Grocery Outlet Holding Corp.'s revenue compounded faster (8.3% 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.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
BFH vs GO — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.2B |
| Net Profit | — | $-224.9M |
| Gross Margin | — | 29.7% |
| Operating Margin | 4.9% | — |
| Net Margin | — | -18.5% |
| Revenue YoY | 5.4% | 10.7% |
| Net Profit YoY | — | -669.9% |
| EPS (diluted) | $1.21 | $-2.22 |
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 | — | $1.2B | ||
| Q4 25 | $975.0M | — | ||
| Q3 25 | $971.0M | $1.2B | ||
| Q2 25 | $929.0M | $1.2B | ||
| Q1 25 | $970.0M | $1.1B | ||
| Q4 24 | $925.0M | $1.1B | ||
| Q3 24 | $983.0M | $1.1B | ||
| Q2 24 | $939.0M | $1.1B |
| Q1 26 | — | $-224.9M | ||
| Q4 25 | — | — | ||
| Q3 25 | $188.0M | $11.6M | ||
| Q2 25 | $139.0M | $5.0M | ||
| Q1 25 | $138.0M | $-23.3M | ||
| Q4 24 | — | $2.3M | ||
| Q3 24 | $2.0M | $24.2M | ||
| Q2 24 | $133.0M | $14.0M |
| Q1 26 | — | 29.7% | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 30.4% | ||
| Q2 25 | — | 30.6% | ||
| Q1 25 | — | 30.4% | ||
| Q4 24 | — | 29.5% | ||
| Q3 24 | — | 31.1% | ||
| Q2 24 | — | 30.9% |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | — | ||
| Q3 25 | 20.2% | 2.0% | ||
| Q2 25 | 18.7% | 1.1% | ||
| Q1 25 | 20.3% | -2.0% | ||
| Q4 24 | -2.9% | 1.0% | ||
| Q3 24 | 4.1% | 3.6% | ||
| Q2 24 | 19.2% | 2.3% |
| Q1 26 | — | -18.5% | ||
| Q4 25 | — | — | ||
| Q3 25 | 19.4% | 1.0% | ||
| Q2 25 | 15.0% | 0.4% | ||
| Q1 25 | 14.2% | -2.1% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 0.2% | 2.2% | ||
| Q2 24 | 14.2% | 1.2% |
| Q1 26 | — | $-2.22 | ||
| Q4 25 | $1.21 | — | ||
| Q3 25 | $3.96 | $0.12 | ||
| Q2 25 | $2.94 | $0.05 | ||
| Q1 25 | $2.78 | $-0.24 | ||
| Q4 24 | $0.08 | $0.03 | ||
| Q3 24 | $0.05 | $0.24 | ||
| Q2 24 | $2.66 | $0.14 |
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 | $69.6M |
| Total DebtLower is stronger | $4.3B | $15.0M |
| Stockholders' EquityBook value | $3.3B | $983.7M |
| Total Assets | $22.7B | $3.1B |
| Debt / EquityLower = less leverage | 1.29× | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $69.6M | ||
| Q4 25 | $3.6B | — | ||
| Q3 25 | $3.8B | $52.1M | ||
| Q2 25 | $3.8B | $55.2M | ||
| Q1 25 | $4.2B | $50.9M | ||
| Q4 24 | $4.0B | $62.8M | ||
| Q3 24 | $3.5B | $68.7M | ||
| Q2 24 | $4.1B | $67.1M |
| Q1 26 | — | $15.0M | ||
| Q4 25 | $4.3B | — | ||
| Q3 25 | $3.8B | $500.3M | ||
| Q2 25 | $4.2B | $473.9M | ||
| Q1 25 | $5.1B | $475.7M | ||
| Q4 24 | $5.6B | $477.5M | ||
| Q3 24 | $4.6B | $429.3M | ||
| Q2 24 | — | $379.2M |
| Q1 26 | — | $983.7M | ||
| Q4 25 | $3.3B | — | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.2B | $1.2B | ||
| Q1 25 | $3.1B | $1.2B | ||
| Q4 24 | $3.1B | $1.2B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $3.2B | $1.2B |
| Q1 26 | — | $3.1B | ||
| Q4 25 | $22.7B | — | ||
| Q3 25 | $21.7B | $3.4B | ||
| Q2 25 | $21.8B | $3.3B | ||
| Q1 25 | $22.4B | $3.3B | ||
| Q4 24 | $22.9B | $3.2B | ||
| Q3 24 | $21.7B | $3.1B | ||
| Q2 24 | $22.1B | $3.1B |
| Q1 26 | — | 0.02× | ||
| Q4 25 | 1.29× | — | ||
| Q3 25 | 1.14× | 0.42× | ||
| Q2 25 | 1.34× | 0.40× | ||
| Q1 25 | 1.67× | 0.40× | ||
| Q4 24 | 1.82× | 0.40× | ||
| Q3 24 | 1.47× | 0.35× | ||
| Q2 24 | — | 0.31× |
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 | $222.1M |
| 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 | — | $222.1M | ||
| Q4 25 | $568.0M | — | ||
| Q3 25 | $605.0M | $17.3M | ||
| Q2 25 | $526.0M | $73.6M | ||
| Q1 25 | $393.0M | $58.9M | ||
| Q4 24 | $479.0M | $39.5M | ||
| Q3 24 | $456.0M | $23.0M | ||
| Q2 24 | $477.0M | $41.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $-21.6M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | — | $-19.6M | ||
| Q3 24 | — | $-19.3M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -1.8% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | -0.1% | ||
| Q4 24 | — | -1.8% | ||
| Q3 24 | — | -1.7% | ||
| Q2 24 | — | 0.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 3.3% | ||
| Q2 25 | — | 5.0% | ||
| Q1 25 | — | 5.4% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 3.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.22× | 1.49× | ||
| Q2 25 | 3.78× | 14.84× | ||
| Q1 25 | 2.85× | — | ||
| Q4 24 | — | 17.09× | ||
| Q3 24 | 228.00× | 0.95× | ||
| Q2 24 | 3.59× | 2.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
