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Side-by-side financial comparison of Confluent, Inc. (CFLT) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $300.5M, roughly 1.0× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs -25.2%, a 38.2% gap on every dollar of revenue. Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs 0.6%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
CFLT vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $300.5M |
| Net Profit | $-79.2M | $39.0M |
| Gross Margin | 74.7% | — |
| Operating Margin | -31.5% | — |
| Net Margin | -25.2% | 13.0% |
| Revenue YoY | 20.5% | — |
| Net Profit YoY | 10.0% | -12.4% |
| EPS (diluted) | $-0.23 | $0.64 |
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 | — | $300.5M | ||
| Q4 25 | $314.8M | $329.9M | ||
| Q3 25 | $298.5M | $330.2M | ||
| Q2 25 | $282.3M | $303.3M | ||
| Q1 25 | $271.1M | $318.5M | ||
| Q4 24 | $261.2M | $301.1M | ||
| Q3 24 | $250.2M | $305.5M | ||
| Q2 24 | $235.0M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $-79.2M | $41.6M | ||
| Q3 25 | $-66.5M | $45.8M | ||
| Q2 25 | $-82.0M | $36.1M | ||
| Q1 25 | $-67.6M | $42.1M | ||
| Q4 24 | $-88.1M | $35.5M | ||
| Q3 24 | $-74.1M | $29.7M | ||
| Q2 24 | $-89.9M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | 74.7% | — | ||
| Q3 25 | 74.2% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 74.5% | — | ||
| Q4 24 | 74.1% | — | ||
| Q3 24 | 74.5% | — | ||
| Q2 24 | 72.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | -31.5% | 16.1% | ||
| Q3 25 | -27.9% | 18.4% | ||
| Q2 25 | -34.2% | 16.3% | ||
| Q1 25 | -37.3% | 18.1% | ||
| Q4 24 | -40.5% | 14.7% | ||
| Q3 24 | -37.4% | 13.9% | ||
| Q2 24 | -46.1% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | -25.2% | 12.6% | ||
| Q3 25 | -22.3% | 13.9% | ||
| Q2 25 | -29.0% | 11.9% | ||
| Q1 25 | -24.9% | 13.2% | ||
| Q4 24 | -33.7% | 11.8% | ||
| Q3 24 | -29.6% | 9.7% | ||
| Q2 24 | -38.3% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $-0.23 | $0.68 | ||
| Q3 25 | $-0.19 | $0.74 | ||
| Q2 25 | $-0.24 | $0.57 | ||
| Q1 25 | $-0.20 | $0.65 | ||
| Q4 24 | $-0.26 | $0.55 | ||
| Q3 24 | $-0.23 | $0.46 | ||
| Q2 24 | $-0.28 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $347.2M | — |
| Total DebtLower is stronger | $1.1B | $990.8M |
| Stockholders' EquityBook value | $1.2B | $2.2B |
| Total Assets | $3.0B | $15.7B |
| Debt / EquityLower = less leverage | 0.94× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $347.2M | — | ||
| Q3 25 | $298.5M | — | ||
| Q2 25 | $295.6M | — | ||
| Q1 25 | $278.6M | — | ||
| Q4 24 | $386.0M | — | ||
| Q3 24 | $322.6M | — | ||
| Q2 24 | $311.3M | — |
| Q1 26 | — | $990.8M | ||
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $1.2B | $2.2B | ||
| Q3 25 | $1.1B | $2.2B | ||
| Q2 25 | $1.1B | $2.2B | ||
| Q1 25 | $1.0B | $2.2B | ||
| Q4 24 | $961.2M | $2.2B | ||
| Q3 24 | $934.3M | $2.2B | ||
| Q2 24 | $873.9M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $3.0B | $15.8B | ||
| Q3 25 | $2.9B | $15.6B | ||
| Q2 25 | $2.8B | $15.4B | ||
| Q1 25 | $2.7B | $15.8B | ||
| Q4 24 | $2.7B | $16.3B | ||
| Q3 24 | $2.6B | $15.9B | ||
| Q2 24 | $2.5B | $15.6B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — |
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 | $42.1M | — |
| Free Cash FlowOCF − Capex | $41.7M | — |
| FCF MarginFCF / Revenue | 13.2% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $42.1M | $-38.7M | ||
| Q3 25 | $30.8M | $273.0M | ||
| Q2 25 | $18.1M | $-234.6M | ||
| Q1 25 | $-26.8M | $5.8M | ||
| Q4 24 | $35.2M | $273.9M | ||
| Q3 24 | $15.6M | $515.6M | ||
| Q2 24 | $8.6M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $41.7M | $-55.5M | ||
| Q3 25 | $30.0M | $271.0M | ||
| Q2 25 | $17.2M | $-234.6M | ||
| Q1 25 | $-28.2M | $5.0M | ||
| Q4 24 | $34.5M | $266.8M | ||
| Q3 24 | $15.0M | $513.8M | ||
| Q2 24 | $7.5M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | 13.2% | -16.8% | ||
| Q3 25 | 10.0% | 82.1% | ||
| Q2 25 | 6.1% | -77.4% | ||
| Q1 25 | -10.4% | 1.6% | ||
| Q4 24 | 13.2% | 88.6% | ||
| Q3 24 | 6.0% | 168.2% | ||
| Q2 24 | 3.2% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 5.1% | ||
| Q3 25 | 0.3% | 0.6% | ||
| Q2 25 | 0.3% | 0.0% | ||
| Q1 25 | 0.5% | 0.3% | ||
| Q4 24 | 0.3% | 2.4% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.5% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.93× | ||
| Q3 25 | — | 5.96× | ||
| Q2 25 | — | -6.50× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 7.71× | ||
| Q3 24 | — | 17.36× | ||
| Q2 24 | — | -21.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
