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Side-by-side financial comparison of Webull Corp (BULL) and HSBC HOLDINGS PLC (HSBC). Click either name above to swap in a different company.
HSBC HOLDINGS PLC is the larger business by last-quarter revenue ($28.6B vs $131.5M, roughly 217.2× Webull Corp). HSBC HOLDINGS PLC runs the higher net margin — 25.7% vs -21.5%, a 47.2% gap on every dollar of revenue. HSBC HOLDINGS PLC produced more free cash flow last quarter ($64.0B vs $271.7M).
Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.
BULL vs HSBC — Head-to-Head
Income Statement — Q2 2025 vs Q4 2024
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $28.6B |
| Net Profit | $-28.3M | $7.3B |
| Gross Margin | — | — |
| Operating Margin | -16.3% | 33.1% |
| Net Margin | -21.5% | 25.7% |
| Revenue YoY | 46.3% | — |
| Net Profit YoY | -144.3% | — |
| EPS (diluted) | — | $0.36 |
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.
| Q2 25 | $131.5M | — | ||
| Q1 25 | — | $28.6B | ||
| Q2 24 | $89.9M | — |
| Q2 25 | $-28.3M | — | ||
| Q1 25 | — | $7.3B | ||
| Q2 24 | $-11.6M | — |
| Q2 25 | -16.3% | — | ||
| Q1 25 | — | 33.1% | ||
| Q2 24 | -11.4% | — |
| Q2 25 | -21.5% | — | ||
| Q1 25 | — | 25.7% | ||
| Q2 24 | -12.9% | — |
| Q2 25 | — | — | ||
| Q1 25 | — | $0.36 | ||
| Q2 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $476.7M | $434.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $751.6M | $192.3B |
| Total Assets | $2.6B | $3017.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $476.7M | — | ||
| Q1 25 | — | $434.9B | ||
| Q2 24 | — | — |
| Q2 25 | $751.6M | — | ||
| Q1 25 | — | $192.3B | ||
| Q2 24 | $-2.9B | — |
| Q2 25 | $2.6B | — | ||
| Q1 25 | — | $3017.0B | ||
| 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 | $272.1M | $65.3B |
| Free Cash FlowOCF − Capex | $271.7M | $64.0B |
| FCF MarginFCF / Revenue | 206.6% | 223.9% |
| Capex IntensityCapex / Revenue | 0.3% | 4.7% |
| Cash ConversionOCF / Net Profit | — | 8.90× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $272.1M | — | ||
| Q1 25 | — | $65.3B | ||
| Q2 24 | — | — |
| Q2 25 | $271.7M | — | ||
| Q1 25 | — | $64.0B | ||
| Q2 24 | — | — |
| Q2 25 | 206.6% | — | ||
| Q1 25 | — | 223.9% | ||
| Q2 24 | — | — |
| Q2 25 | 0.3% | — | ||
| Q1 25 | — | 4.7% | ||
| Q2 24 | — | — |
| Q2 25 | — | — | ||
| Q1 25 | — | 8.90× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
