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Side-by-side financial comparison of Charles River Laboratories (CRL) and Lightspeed Commerce Inc. (LSPD). Click either name above to swap in a different company.

Charles River Laboratories is the larger business by last-quarter revenue ($994.2M vs $823.4M, roughly 1.2× Lightspeed Commerce Inc.). Lightspeed Commerce Inc. runs the higher net margin — -11.1% vs -27.8%, a 16.7% gap on every dollar of revenue. Over the past eight quarters, Lightspeed Commerce Inc.'s revenue compounded faster (89.1% CAGR vs -0.9%).

Charles River Laboratories International, Inc. is an American pharmaceutical and biotechnology contract research organisation (CRO) headquartered in Wilmington, Massachusetts, United States. Founded in 1947, the company provides preclinical and clinical laboratory services for the development of new drugs, vaccines, and medical devices.

Lightspeed Commerce is a point-of-sale and e-commerce software provider based in Montreal, Quebec, Canada. It was founded in 2005 by Dax da Silva, who was its CEO until February 2022. It has offices in Montreal, New York, Ottawa, Toronto, London, Belfast, Amsterdam, Berlin, Geneva, Ghent, Melbourne, Ulyanovsk, Yerevan and Tbilisi. It offers its services to retail, restaurant, and hospitality businesses.

CRL vs LSPD — Head-to-Head

Bigger by revenue
CRL
CRL
1.2× larger
CRL
$994.2M
$823.4M
LSPD
Higher net margin
LSPD
LSPD
16.7% more per $
LSPD
-11.1%
-27.8%
CRL
Faster 2-yr revenue CAGR
LSPD
LSPD
Annualised
LSPD
89.1%
-0.9%
CRL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CRL
CRL
LSPD
LSPD
Revenue
$994.2M
$823.4M
Net Profit
$-276.6M
$-91.3M
Gross Margin
41.1%
Operating Margin
-28.5%
-14.1%
Net Margin
-27.8%
-11.1%
Revenue YoY
-0.8%
Net Profit YoY
-28.9%
EPS (diluted)
$-5.57

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
CRL
CRL
LSPD
LSPD
Q4 25
$994.2M
$823.4M
Q3 25
$1.0B
$543.3M
Q2 25
$1.0B
$266.1M
Q1 25
$984.2M
$253.4M
Q4 24
$1.0B
$679.1M
Q3 24
$1.0B
$439.4M
Q2 24
$1.0B
$209.1M
Q1 24
$1.0B
$230.2M
Net Profit
CRL
CRL
LSPD
LSPD
Q4 25
$-276.6M
$-91.3M
Q3 25
$54.4M
$-64.7M
Q2 25
$52.3M
$-35.0M
Q1 25
$25.5M
$-575.9M
Q4 24
$-214.5M
$-131.4M
Q3 24
$69.7M
$-91.2M
Q2 24
$94.1M
$-48.7M
Q1 24
$73.0M
$-32.5M
Gross Margin
CRL
CRL
LSPD
LSPD
Q4 25
41.1%
Q3 25
41.0%
Q2 25
40.7%
Q1 25
44.1%
Q4 24
42.1%
Q3 24
34.6%
41.9%
Q2 24
34.5%
42.0%
Q1 24
34.1%
43.3%
Operating Margin
CRL
CRL
LSPD
LSPD
Q4 25
-28.5%
-14.1%
Q3 25
13.3%
-15.1%
Q2 25
9.7%
-16.6%
Q1 25
7.6%
-228.9%
Q4 24
-16.7%
-23.8%
Q3 24
11.6%
-25.1%
Q2 24
14.8%
-27.9%
Q1 24
12.5%
-17.9%
Net Margin
CRL
CRL
LSPD
LSPD
Q4 25
-27.8%
-11.1%
Q3 25
5.4%
-11.9%
Q2 25
5.1%
-13.2%
Q1 25
2.6%
-227.3%
Q4 24
-21.4%
-19.4%
Q3 24
6.9%
-20.8%
Q2 24
9.2%
-23.3%
Q1 24
7.2%
-14.1%
EPS (diluted)
CRL
CRL
LSPD
LSPD
Q4 25
$-5.57
Q3 25
$1.10
Q2 25
$1.06
Q1 25
$0.50
$0.10
Q4 24
$-4.17
Q3 24
$1.33
Q2 24
$1.74
$-0.01
Q1 24
$1.30
$0.06

Balance Sheet & Financial Strength

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

Metric
CRL
CRL
LSPD
LSPD
Cash + ST InvestmentsLiquidity on hand
$213.8M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$3.2B
Total Assets
$7.1B
Debt / EquityLower = less leverage
0.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRL
CRL
LSPD
LSPD
Q4 25
$213.8M
Q3 25
$207.1M
Q2 25
$182.8M
Q1 25
$229.4M
Q4 24
$194.6M
Q3 24
$210.2M
Q2 24
$179.2M
Q1 24
$327.0M
Total Debt
CRL
CRL
LSPD
LSPD
Q4 25
$2.1B
Q3 25
$2.2B
Q2 25
$2.3B
Q1 25
$2.5B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.7B
Stockholders' Equity
CRL
CRL
LSPD
LSPD
Q4 25
$3.2B
Q3 25
$3.4B
Q2 25
$3.4B
Q1 25
$3.2B
Q4 24
$3.5B
Q3 24
$3.8B
Q2 24
$3.7B
Q1 24
$3.6B
Total Assets
CRL
CRL
LSPD
LSPD
Q4 25
$7.1B
Q3 25
$7.5B
Q2 25
$7.6B
Q1 25
$7.6B
Q4 24
$7.5B
Q3 24
$8.0B
Q2 24
$7.9B
Q1 24
$8.2B
Debt / Equity
CRL
CRL
LSPD
LSPD
Q4 25
0.68×
Q3 25
0.64×
Q2 25
0.70×
Q1 25
0.79×
Q4 24
0.65×
Q3 24
0.62×
Q2 24
0.65×
Q1 24
0.73×

Cash Flow & Capital Efficiency

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

Metric
CRL
CRL
LSPD
LSPD
Operating Cash FlowLast quarter
$147.5M
Free Cash FlowOCF − Capex
$58.6M
FCF MarginFCF / Revenue
5.9%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$518.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRL
CRL
LSPD
LSPD
Q4 25
$147.5M
Q3 25
$213.8M
Q2 25
$204.6M
Q1 25
$171.7M
$-9.9M
Q4 24
$159.4M
Q3 24
$251.8M
Q2 24
$193.5M
$-26.1M
Q1 24
$129.9M
$-28.5M
Free Cash Flow
CRL
CRL
LSPD
LSPD
Q4 25
$58.6M
Q3 25
$178.2M
Q2 25
$169.3M
Q1 25
$112.4M
Q4 24
$83.7M
Q3 24
$213.1M
Q2 24
$154.0M
Q1 24
$50.7M
FCF Margin
CRL
CRL
LSPD
LSPD
Q4 25
5.9%
Q3 25
17.7%
Q2 25
16.4%
Q1 25
11.4%
Q4 24
8.4%
Q3 24
21.1%
Q2 24
15.0%
Q1 24
5.0%
Capex Intensity
CRL
CRL
LSPD
LSPD
Q4 25
8.9%
Q3 25
3.5%
Q2 25
3.4%
Q1 25
6.0%
Q4 24
7.5%
Q3 24
3.8%
Q2 24
3.8%
Q1 24
7.8%
Cash Conversion
CRL
CRL
LSPD
LSPD
Q4 25
Q3 25
3.93×
Q2 25
3.91×
Q1 25
6.74×
Q4 24
Q3 24
3.61×
Q2 24
2.06×
Q1 24
1.78×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRL
CRL

Discovery And Safety Assessment Segment$591.6M60%
Manufacturing Support Segment$196.4M20%
Transferred At Point In Time$108.0M11%
Transferred Over Time$98.3M10%

LSPD
LSPD

Segment breakdown not available.

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