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

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $995.8M, roughly 1.1× Charles River Laboratories). VEON Ltd. runs the higher net margin — 55.9% vs -1.5%, a 57.4% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% vs 1.2%).

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.

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

CRL vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.1× larger
VEON
$1.1B
$995.8M
CRL
Growing faster (revenue YoY)
VEON
VEON
+4.7% gap
VEON
5.8%
1.2%
CRL
Higher net margin
VEON
VEON
57.4% more per $
VEON
55.9%
-1.5%
CRL

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
CRL
CRL
VEON
VEON
Revenue
$995.8M
$1.1B
Net Profit
$-14.8M
$608.0M
Gross Margin
Operating Margin
12.0%
75.4%
Net Margin
-1.5%
55.9%
Revenue YoY
1.2%
5.8%
Net Profit YoY
-157.2%
583.1%
EPS (diluted)
$-0.30
$0.34

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
VEON
VEON
Q1 26
$995.8M
Q4 25
$994.2M
Q3 25
$1.0B
Q2 25
$1.0B
$1.1B
Q1 25
$984.2M
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$1.0B
$1.0B
Net Profit
CRL
CRL
VEON
VEON
Q1 26
$-14.8M
Q4 25
$-276.6M
Q3 25
$54.4M
Q2 25
$52.3M
$608.0M
Q1 25
$25.5M
Q4 24
$-214.5M
Q3 24
$69.7M
Q2 24
$94.1M
$89.0M
Gross Margin
CRL
CRL
VEON
VEON
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
34.6%
Q2 24
34.5%
Operating Margin
CRL
CRL
VEON
VEON
Q1 26
12.0%
Q4 25
-28.5%
Q3 25
13.3%
Q2 25
9.7%
75.4%
Q1 25
7.6%
Q4 24
-16.7%
Q3 24
11.6%
Q2 24
14.8%
27.1%
Net Margin
CRL
CRL
VEON
VEON
Q1 26
-1.5%
Q4 25
-27.8%
Q3 25
5.4%
Q2 25
5.1%
55.9%
Q1 25
2.6%
Q4 24
-21.4%
Q3 24
6.9%
Q2 24
9.2%
8.7%
EPS (diluted)
CRL
CRL
VEON
VEON
Q1 26
$-0.30
Q4 25
$-5.57
Q3 25
$1.10
Q2 25
$1.06
$0.34
Q1 25
$0.50
Q4 24
$-4.17
Q3 24
$1.33
Q2 24
$1.74
$0.04

Balance Sheet & Financial Strength

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

Metric
CRL
CRL
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$191.8M
$1.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.9B
$1.5B
Total Assets
$7.7B
$8.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRL
CRL
VEON
VEON
Q1 26
$191.8M
Q4 25
$213.8M
Q3 25
$207.1M
Q2 25
$182.8M
$1.3B
Q1 25
$229.4M
Q4 24
$194.6M
Q3 24
$210.2M
Q2 24
$179.2M
$862.0M
Total Debt
CRL
CRL
VEON
VEON
Q1 26
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
Stockholders' Equity
CRL
CRL
VEON
VEON
Q1 26
$2.9B
Q4 25
$3.2B
Q3 25
$3.4B
Q2 25
$3.4B
$1.5B
Q1 25
$3.2B
Q4 24
$3.5B
Q3 24
$3.8B
Q2 24
$3.7B
$1.1B
Total Assets
CRL
CRL
VEON
VEON
Q1 26
$7.7B
Q4 25
$7.1B
Q3 25
$7.5B
Q2 25
$7.6B
$8.5B
Q1 25
$7.6B
Q4 24
$7.5B
Q3 24
$8.0B
Q2 24
$7.9B
$7.3B
Debt / Equity
CRL
CRL
VEON
VEON
Q1 26
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×

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
VEON
VEON
Operating Cash FlowLast quarter
$41.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRL
CRL
VEON
VEON
Q1 26
$41.1M
Q4 25
$147.5M
Q3 25
$213.8M
Q2 25
$204.6M
Q1 25
$171.7M
Q4 24
$159.4M
Q3 24
$251.8M
Q2 24
$193.5M
Free Cash Flow
CRL
CRL
VEON
VEON
Q1 26
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
FCF Margin
CRL
CRL
VEON
VEON
Q1 26
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%
Capex Intensity
CRL
CRL
VEON
VEON
Q1 26
5.6%
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%
Cash Conversion
CRL
CRL
VEON
VEON
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
3.91×
Q1 25
6.74×
Q4 24
Q3 24
3.61×
Q2 24
2.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRL
CRL

Service revenue$798.2M80%
Product revenue$197.7M20%

VEON
VEON

Segment breakdown not available.

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