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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

StubHub Holdings, Inc. is the larger business by last-quarter revenue ($468.1M vs $389.0M, roughly 1.2× CNA FINANCIAL CORP). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs -276.6%, a 354.2% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -2.0%). CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $180.3M).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

CNA vs STUB — Head-to-Head

Bigger by revenue
STUB
STUB
1.2× larger
STUB
$468.1M
$389.0M
CNA
Growing faster (revenue YoY)
STUB
STUB
+9.9% gap
STUB
7.9%
-2.0%
CNA
Higher net margin
CNA
CNA
354.2% more per $
CNA
77.6%
-276.6%
STUB
More free cash flow
CNA
CNA
$361.7M more FCF
CNA
$542.0M
$180.3M
STUB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CNA
CNA
STUB
STUB
Revenue
$389.0M
$468.1M
Net Profit
$302.0M
$-1.3B
Gross Margin
Operating Margin
97.2%
-292.3%
Net Margin
77.6%
-276.6%
Revenue YoY
-2.0%
7.9%
Net Profit YoY
1338.1%
-3821.6%
EPS (diluted)
$1.11
$-4.27

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
CNA
CNA
STUB
STUB
Q4 25
$389.0M
Q3 25
$393.0M
$468.1M
Q2 25
$398.0M
Q1 25
$397.0M
Q4 24
$397.0M
Q3 24
$401.0M
$433.8M
Q2 24
$404.0M
Q1 24
$407.0M
Net Profit
CNA
CNA
STUB
STUB
Q4 25
$302.0M
Q3 25
$403.0M
$-1.3B
Q2 25
$299.0M
Q1 25
$274.0M
Q4 24
$21.0M
Q3 24
$283.0M
$-33.0M
Q2 24
$317.0M
Q1 24
$338.0M
Operating Margin
CNA
CNA
STUB
STUB
Q4 25
97.2%
Q3 25
-292.3%
Q2 25
95.5%
Q1 25
87.9%
Q4 24
5.3%
Q3 24
90.0%
2.8%
Q2 24
99.5%
Q1 24
Net Margin
CNA
CNA
STUB
STUB
Q4 25
77.6%
Q3 25
102.5%
-276.6%
Q2 25
75.1%
Q1 25
69.0%
Q4 24
5.3%
Q3 24
70.6%
-7.6%
Q2 24
78.5%
Q1 24
83.0%
EPS (diluted)
CNA
CNA
STUB
STUB
Q4 25
$1.11
Q3 25
$1.48
$-4.27
Q2 25
$1.10
Q1 25
$1.00
Q4 24
$0.07
Q3 24
$1.04
$-0.15
Q2 24
$1.17
Q1 24
$1.24

Balance Sheet & Financial Strength

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

Metric
CNA
CNA
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$3.0B
$1.7B
Stockholders' EquityBook value
$11.6B
$1.7B
Total Assets
$69.4B
$5.6B
Debt / EquityLower = less leverage
0.26×
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
STUB
STUB
Q4 25
Q3 25
$1.4B
Q2 25
Q1 25
Q4 24
Q3 24
$1.1B
Q2 24
Q1 24
Total Debt
CNA
CNA
STUB
STUB
Q4 25
$3.0B
Q3 25
$1.7B
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CNA
CNA
STUB
STUB
Q4 25
$11.6B
Q3 25
$11.3B
$1.7B
Q2 25
$10.7B
Q1 25
$10.3B
Q4 24
$10.5B
Q3 24
$10.8B
$815.9M
Q2 24
$9.9B
Q1 24
$9.7B
Total Assets
CNA
CNA
STUB
STUB
Q4 25
$69.4B
Q3 25
$69.8B
$5.6B
Q2 25
$68.9B
Q1 25
$67.3B
Q4 24
$66.5B
Q3 24
$67.4B
Q2 24
$65.2B
Q1 24
$65.1B
Debt / Equity
CNA
CNA
STUB
STUB
Q4 25
0.26×
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
0.28×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNA
CNA
STUB
STUB
Operating Cash FlowLast quarter
$570.0M
$181.4M
Free Cash FlowOCF − Capex
$542.0M
$180.3M
FCF MarginFCF / Revenue
139.3%
38.5%
Capex IntensityCapex / Revenue
7.2%
0.2%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
STUB
STUB
Q4 25
$570.0M
Q3 25
$720.0M
$181.4M
Q2 25
$562.0M
Q1 25
$638.0M
Q4 24
$703.0M
Q3 24
$748.0M
Q2 24
$616.0M
Q1 24
$504.0M
Free Cash Flow
CNA
CNA
STUB
STUB
Q4 25
$542.0M
Q3 25
$704.0M
$180.3M
Q2 25
$538.0M
Q1 25
$620.0M
Q4 24
$665.0M
Q3 24
$730.0M
Q2 24
$597.0M
Q1 24
$484.0M
FCF Margin
CNA
CNA
STUB
STUB
Q4 25
139.3%
Q3 25
179.1%
38.5%
Q2 25
135.2%
Q1 25
156.2%
Q4 24
167.5%
Q3 24
182.0%
Q2 24
147.8%
Q1 24
118.9%
Capex Intensity
CNA
CNA
STUB
STUB
Q4 25
7.2%
Q3 25
4.1%
0.2%
Q2 25
6.0%
Q1 25
4.5%
Q4 24
9.6%
Q3 24
4.5%
Q2 24
4.7%
Q1 24
4.9%
Cash Conversion
CNA
CNA
STUB
STUB
Q4 25
1.89×
Q3 25
1.79×
Q2 25
1.88×
Q1 25
2.33×
Q4 24
33.48×
Q3 24
2.64×
Q2 24
1.94×
Q1 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNA
CNA

Segment breakdown not available.

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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