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Side-by-side financial comparison of BREAD FINANCIAL HOLDINGS, INC. (BFH) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $975.0M, roughly 1.4× BREAD FINANCIAL HOLDINGS, INC.). On growth, BREAD FINANCIAL HOLDINGS, INC. posted the faster year-over-year revenue change (5.4% vs 2.6%). Over the past eight quarters, SEALED AIR CORP's revenue compounded faster (2.7% 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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
BFH vs SEE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $975.0M | $1.4B |
| Net Profit | — | $43.8M |
| Gross Margin | — | 28.6% |
| Operating Margin | 4.9% | 11.4% |
| Net Margin | — | 3.1% |
| Revenue YoY | 5.4% | 2.6% |
| Net Profit YoY | — | 700.0% |
| EPS (diluted) | $1.21 | $0.30 |
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 | $975.0M | $1.4B | ||
| Q3 25 | $971.0M | $1.3B | ||
| Q2 25 | $929.0M | $1.3B | ||
| Q1 25 | $970.0M | $1.3B | ||
| Q4 24 | $925.0M | $1.4B | ||
| Q3 24 | $983.0M | $1.3B | ||
| Q2 24 | $939.0M | $1.3B | ||
| Q1 24 | $991.0M | $1.3B |
| Q4 25 | — | $43.8M | ||
| Q3 25 | $188.0M | $255.1M | ||
| Q2 25 | $139.0M | $93.1M | ||
| Q1 25 | $138.0M | $113.5M | ||
| Q4 24 | — | $-7.3M | ||
| Q3 24 | $2.0M | $91.7M | ||
| Q2 24 | $133.0M | $98.3M | ||
| Q1 24 | $134.0M | $82.0M |
| Q4 25 | — | 28.6% | ||
| Q3 25 | — | 29.8% | ||
| Q2 25 | — | 30.7% | ||
| Q1 25 | — | 30.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 30.1% | ||
| Q2 24 | — | 31.2% | ||
| Q1 24 | — | 30.3% |
| Q4 25 | 4.9% | 11.4% | ||
| Q3 25 | 20.2% | 13.8% | ||
| Q2 25 | 18.7% | 15.0% | ||
| Q1 25 | 20.3% | 14.5% | ||
| Q4 24 | -2.9% | 11.7% | ||
| Q3 24 | 4.1% | 13.9% | ||
| Q2 24 | 19.2% | 15.4% | ||
| Q1 24 | 19.0% | 14.0% |
| Q4 25 | — | 3.1% | ||
| Q3 25 | 19.4% | 19.0% | ||
| Q2 25 | 15.0% | 7.0% | ||
| Q1 25 | 14.2% | 9.0% | ||
| Q4 24 | — | -0.5% | ||
| Q3 24 | 0.2% | 6.9% | ||
| Q2 24 | 14.2% | 7.4% | ||
| Q1 24 | 13.5% | 6.2% |
| Q4 25 | $1.21 | $0.30 | ||
| Q3 25 | $3.96 | $1.73 | ||
| Q2 25 | $2.94 | $0.63 | ||
| Q1 25 | $2.78 | $0.77 | ||
| Q4 24 | $0.08 | $-0.05 | ||
| Q3 24 | $0.05 | $0.63 | ||
| Q2 24 | $2.66 | $0.67 | ||
| Q1 24 | $2.70 | $0.56 |
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 | $344.0M |
| Total DebtLower is stronger | $4.3B | $3.3B |
| Stockholders' EquityBook value | $3.3B | $1.2B |
| Total Assets | $22.7B | $7.0B |
| Debt / EquityLower = less leverage | 1.29× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.6B | $344.0M | ||
| Q3 25 | $3.8B | $282.5M | ||
| Q2 25 | $3.8B | $354.4M | ||
| Q1 25 | $4.2B | $335.2M | ||
| Q4 24 | $4.0B | $371.8M | ||
| Q3 24 | $3.5B | $386.0M | ||
| Q2 24 | $4.1B | $388.6M | ||
| Q1 24 | $3.8B | $352.8M |
| Q4 25 | $4.3B | $3.3B | ||
| Q3 25 | $3.8B | $4.0B | ||
| Q2 25 | $4.2B | $4.0B | ||
| Q1 25 | $5.1B | $4.2B | ||
| Q4 24 | $5.6B | $4.2B | ||
| Q3 24 | $4.6B | $4.3B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $4.5B |
| Q4 25 | $3.3B | $1.2B | ||
| Q3 25 | $3.3B | $1.2B | ||
| Q2 25 | $3.2B | $953.1M | ||
| Q1 25 | $3.1B | $797.9M | ||
| Q4 24 | $3.1B | $624.5M | ||
| Q3 24 | $3.1B | $771.2M | ||
| Q2 24 | $3.2B | $650.1M | ||
| Q1 24 | $3.0B | $598.3M |
| Q4 25 | $22.7B | $7.0B | ||
| Q3 25 | $21.7B | $7.1B | ||
| Q2 25 | $21.8B | $7.2B | ||
| Q1 25 | $22.4B | $7.0B | ||
| Q4 24 | $22.9B | $7.0B | ||
| Q3 24 | $21.7B | $7.3B | ||
| Q2 24 | $22.1B | $7.3B | ||
| Q1 24 | $22.3B | $7.2B |
| Q4 25 | 1.29× | 2.65× | ||
| Q3 25 | 1.14× | 3.34× | ||
| Q2 25 | 1.34× | 4.18× | ||
| Q1 25 | 1.67× | 5.26× | ||
| Q4 24 | 1.82× | 6.72× | ||
| Q3 24 | 1.47× | 5.62× | ||
| Q2 24 | — | 6.81× | ||
| Q1 24 | — | 7.49× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $568.0M | $293.6M | ||
| Q3 25 | $605.0M | $165.9M | ||
| Q2 25 | $526.0M | $136.6M | ||
| Q1 25 | $393.0M | $31.9M | ||
| Q4 24 | $479.0M | $244.2M | ||
| Q3 24 | $456.0M | $170.5M | ||
| Q2 24 | $477.0M | $188.2M | ||
| Q1 24 | $447.0M | $125.1M |
| Q4 25 | — | $257.7M | ||
| Q3 25 | — | $119.6M | ||
| Q2 25 | — | $93.2M | ||
| Q1 25 | — | $-12.0M | ||
| Q4 24 | — | $185.1M | ||
| Q3 24 | — | $115.2M | ||
| Q2 24 | — | $129.5M | ||
| Q1 24 | — | $78.0M |
| Q4 25 | — | 18.5% | ||
| Q3 25 | — | 8.9% | ||
| Q2 25 | — | 7.0% | ||
| Q1 25 | — | -0.9% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 8.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 2.6% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 3.3% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 4.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 3.6% |
| Q4 25 | — | 6.70× | ||
| Q3 25 | 3.22× | 0.65× | ||
| Q2 25 | 3.78× | 1.47× | ||
| Q1 25 | 2.85× | 0.28× | ||
| Q4 24 | — | — | ||
| Q3 24 | 228.00× | 1.86× | ||
| Q2 24 | 3.59× | 1.91× | ||
| Q1 24 | 3.34× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFH
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
