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Side-by-side financial comparison of CELESTICA INC (CLS) and U.S. Bancorp (USB). Click either name above to swap in a different company.

U.S. Bancorp is the larger business by last-quarter revenue ($7.4B vs $4.0B, roughly 1.8× CELESTICA INC). U.S. Bancorp runs the higher net margin — 27.8% vs 5.2%, a 22.5% gap on every dollar of revenue. On growth, CELESTICA INC posted the faster year-over-year revenue change (52.8% vs 5.1%). Over the past eight quarters, CELESTICA INC's revenue compounded faster (35.4% CAGR vs 4.7%).

Celestica Inc. is a Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company, which is headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

CLS vs USB — Head-to-Head

Bigger by revenue
USB
USB
1.8× larger
USB
$7.4B
$4.0B
CLS
Growing faster (revenue YoY)
CLS
CLS
+47.7% gap
CLS
52.8%
5.1%
USB
Higher net margin
USB
USB
22.5% more per $
USB
27.8%
5.2%
CLS
Faster 2-yr revenue CAGR
CLS
CLS
Annualised
CLS
35.4%
4.7%
USB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLS
CLS
USB
USB
Revenue
$4.0B
$7.4B
Net Profit
$212.3M
$2.0B
Gross Margin
10.8%
Operating Margin
6723.5%
34.4%
Net Margin
5.2%
27.8%
Revenue YoY
52.8%
5.1%
Net Profit YoY
146.3%
23.0%
EPS (diluted)
$1.83
$1.26

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.

Revenue
CLS
CLS
USB
USB
Q1 26
$4.0B
Q4 25
$3.7B
$7.4B
Q3 25
$3.2B
$7.3B
Q2 25
$2.9B
$7.0B
Q1 25
$2.6B
$7.0B
Q4 24
$7.0B
Q3 24
$2.5B
$6.9B
Q2 24
$2.4B
$6.9B
Net Profit
CLS
CLS
USB
USB
Q1 26
$212.3M
Q4 25
$267.5M
$2.0B
Q3 25
$267.8M
$2.0B
Q2 25
$211.0M
$1.8B
Q1 25
$86.2M
$1.7B
Q4 24
$1.7B
Q3 24
$89.5M
$1.7B
Q2 24
$95.0M
$1.6B
Gross Margin
CLS
CLS
USB
USB
Q1 26
10.8%
Q4 25
11.8%
Q3 25
13.0%
Q2 25
12.8%
Q1 25
10.3%
Q4 24
Q3 24
10.4%
Q2 24
10.6%
Operating Margin
CLS
CLS
USB
USB
Q1 26
6723.5%
Q4 25
8.6%
34.4%
Q3 25
10.2%
34.5%
Q2 25
9.4%
32.7%
Q1 25
4.9%
31.0%
Q4 24
30.1%
Q3 24
5.5%
30.2%
Q2 24
5.6%
29.9%
Net Margin
CLS
CLS
USB
USB
Q1 26
5.2%
Q4 25
7.3%
27.8%
Q3 25
8.4%
27.3%
Q2 25
7.3%
25.9%
Q1 25
3.3%
24.6%
Q4 24
23.7%
Q3 24
3.6%
25.0%
Q2 24
4.0%
23.3%
EPS (diluted)
CLS
CLS
USB
USB
Q1 26
$1.83
Q4 25
$2.29
$1.26
Q3 25
$2.31
$1.22
Q2 25
$1.82
$1.11
Q1 25
$0.74
$1.03
Q4 24
$1.01
Q3 24
$0.75
$1.03
Q2 24
$0.80
$0.97

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLS
CLS
USB
USB
Cash + ST InvestmentsLiquidity on hand
$378.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.1B
$65.2B
Total Assets
$8260.0B
$692.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLS
CLS
USB
USB
Q1 26
$378.0M
Q4 25
$595.6M
Q3 25
$305.9M
Q2 25
$313.8M
Q1 25
$303.0M
Q4 24
Q3 24
Q2 24
Total Debt
CLS
CLS
USB
USB
Q1 26
Q4 25
$750.5M
Q3 25
$756.7M
Q2 25
$848.6M
Q1 25
$915.0M
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CLS
CLS
USB
USB
Q1 26
$2.1B
Q4 25
$2.2B
$65.2B
Q3 25
$2.0B
$63.3B
Q2 25
$1.8B
$61.4B
Q1 25
$1.6B
$60.1B
Q4 24
$58.6B
Q3 24
$1.8B
$58.9B
Q2 24
$1.8B
$56.4B
Total Assets
CLS
CLS
USB
USB
Q1 26
$8260.0B
Q4 25
$7.2B
$692.3B
Q3 25
$6.6B
$695.4B
Q2 25
$6.2B
$686.4B
Q1 25
$5.8B
$676.5B
Q4 24
$678.3B
Q3 24
$686.5B
Q2 24
$680.1B
Debt / Equity
CLS
CLS
USB
USB
Q1 26
Q4 25
0.34×
Q3 25
0.37×
Q2 25
0.48×
Q1 25
0.59×
Q4 24
Q3 24
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
CLS
CLS
USB
USB
Operating Cash FlowLast quarter
$356.3M
$2.8B
Free Cash FlowOCF − Capex
$137.9M
FCF MarginFCF / Revenue
3.4%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.68×
1.39×
TTM Free Cash FlowTrailing 4 quarters
$502.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLS
CLS
USB
USB
Q1 26
$356.3M
Q4 25
$250.6M
$2.8B
Q3 25
$126.2M
$3.4B
Q2 25
$152.4M
$2.0B
Q1 25
$130.3M
$-285.0M
Q4 24
$4.8B
Q3 24
$122.8M
$972.0M
Q2 24
$99.6M
$2.9B
Free Cash Flow
CLS
CLS
USB
USB
Q1 26
$137.9M
Q4 25
$155.9M
Q3 25
$88.9M
Q2 25
$119.9M
Q1 25
$93.6M
Q4 24
Q3 24
$76.8M
Q2 24
$62.7M
FCF Margin
CLS
CLS
USB
USB
Q1 26
3.4%
Q4 25
4.3%
Q3 25
2.8%
Q2 25
4.1%
Q1 25
3.5%
Q4 24
Q3 24
3.1%
Q2 24
2.6%
Capex Intensity
CLS
CLS
USB
USB
Q1 26
Q4 25
2.6%
Q3 25
1.2%
Q2 25
1.1%
Q1 25
1.4%
Q4 24
Q3 24
1.8%
Q2 24
1.5%
Cash Conversion
CLS
CLS
USB
USB
Q1 26
1.68×
Q4 25
0.94×
1.39×
Q3 25
0.47×
1.69×
Q2 25
0.72×
1.12×
Q1 25
1.51×
-0.17×
Q4 24
2.87×
Q3 24
1.37×
0.57×
Q2 24
1.05×
1.79×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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