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Side-by-side financial comparison of Driven Brands Holdings Inc. (DRVN) and PROG Holdings, Inc. (PRG). Click either name above to swap in a different company.
Driven Brands Holdings Inc. is the larger business by last-quarter revenue ($535.7M vs $525.4M, roughly 1.0× PROG Holdings, Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs 7.7%, a 3.7% gap on every dollar of revenue. On growth, Driven Brands Holdings Inc. posted the faster year-over-year revenue change (6.6% vs -6.0%). Driven Brands Holdings Inc. produced more free cash flow last quarter ($39.5M vs $-57.5M). Over the past eight quarters, Driven Brands Holdings Inc.'s revenue compounded faster (-4.0% CAGR vs -9.5%).
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
PROG Holdings, Inc. is a U.S.-based financial technology firm providing flexible lease-to-own and point-of-sale financing solutions to consumers. Operating primarily in the U.S. market, its core segments include retail partner financing, consumer lending, and payment services that help customers access electronics and household goods without traditional credit requirements.
DRVN vs PRG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $535.7M | $525.4M |
| Net Profit | $60.9M | $40.5M |
| Gross Margin | — | — |
| Operating Margin | 11.6% | 6.9% |
| Net Margin | 11.4% | 7.7% |
| Revenue YoY | 6.6% | -6.0% |
| Net Profit YoY | 507.2% | -29.7% |
| EPS (diluted) | $0.37 | $0.99 |
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.
| Q4 25 | — | $525.4M | ||
| Q3 25 | $535.7M | $595.1M | ||
| Q2 25 | $551.0M | $604.7M | ||
| Q1 25 | $516.2M | $684.1M | ||
| Q4 24 | $836.5M | $558.9M | ||
| Q3 24 | $502.3M | $606.1M | ||
| Q2 24 | $518.8M | $592.2M | ||
| Q1 24 | $482.0M | $641.9M |
| Q4 25 | — | $40.5M | ||
| Q3 25 | $60.9M | $33.1M | ||
| Q2 25 | $47.6M | $38.5M | ||
| Q1 25 | $5.5M | $34.7M | ||
| Q4 24 | $-312.0M | $57.5M | ||
| Q3 24 | $-14.9M | $84.0M | ||
| Q2 24 | $30.2M | $33.8M | ||
| Q1 24 | $4.3M | $22.0M |
| Q4 25 | — | 6.9% | ||
| Q3 25 | 11.6% | 9.0% | ||
| Q2 25 | 6.9% | 10.0% | ||
| Q1 25 | 11.9% | 8.2% | ||
| Q4 24 | -41.6% | 8.9% | ||
| Q3 24 | 9.9% | 8.1% | ||
| Q2 24 | 17.4% | 9.4% | ||
| Q1 24 | 14.1% | 6.2% |
| Q4 25 | — | 7.7% | ||
| Q3 25 | 11.4% | 5.6% | ||
| Q2 25 | 8.6% | 6.4% | ||
| Q1 25 | 1.1% | 5.1% | ||
| Q4 24 | -37.3% | 10.3% | ||
| Q3 24 | -3.0% | 13.9% | ||
| Q2 24 | 5.8% | 5.7% | ||
| Q1 24 | 0.9% | 3.4% |
| Q4 25 | — | $0.99 | ||
| Q3 25 | $0.37 | $0.82 | ||
| Q2 25 | $0.29 | $0.95 | ||
| Q1 25 | $0.04 | $0.83 | ||
| Q4 24 | $-1.93 | $1.33 | ||
| Q3 24 | $-0.09 | $1.94 | ||
| Q2 24 | $0.18 | $0.77 | ||
| Q1 24 | $0.02 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $162.0M | $308.8M |
| Total DebtLower is stronger | $1.9B | $594.9M |
| Stockholders' EquityBook value | $793.5M | $746.4M |
| Total Assets | $4.2B | $1.6B |
| Debt / EquityLower = less leverage | 2.44× | 0.80× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $308.8M | ||
| Q3 25 | $162.0M | $292.6M | ||
| Q2 25 | $166.1M | $222.0M | ||
| Q1 25 | $152.0M | $213.3M | ||
| Q4 24 | $149.6M | $90.9M | ||
| Q3 24 | $204.2M | $221.7M | ||
| Q2 24 | $148.8M | $250.1M | ||
| Q1 24 | $165.5M | $252.8M |
| Q4 25 | — | $594.9M | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $2.6B | — | ||
| Q4 24 | $2.7B | $643.6M | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.9B | — | ||
| Q1 24 | $2.9B | — |
| Q4 25 | — | $746.4M | ||
| Q3 25 | $793.5M | $703.6M | ||
| Q2 25 | $743.4M | $668.7M | ||
| Q1 25 | $643.2M | $654.4M | ||
| Q4 24 | $607.3M | $650.3M | ||
| Q3 24 | $962.8M | $630.8M | ||
| Q2 24 | $942.8M | $581.9M | ||
| Q1 24 | $906.2M | $585.1M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $4.2B | $1.5B | ||
| Q2 25 | $4.3B | $1.5B | ||
| Q1 25 | $5.3B | $1.5B | ||
| Q4 24 | $5.3B | $1.5B | ||
| Q3 24 | $5.8B | $1.4B | ||
| Q2 24 | $5.8B | $1.5B | ||
| Q1 24 | $5.9B | $1.5B |
| Q4 25 | — | 0.80× | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 2.82× | — | ||
| Q1 25 | 4.07× | — | ||
| Q4 24 | 4.37× | 0.99× | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 3.03× | — | ||
| Q1 24 | 3.21× | — |
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 | $79.2M | $-54.9M |
| Free Cash FlowOCF − Capex | $39.5M | $-57.5M |
| FCF MarginFCF / Revenue | 7.4% | -10.9% |
| Capex IntensityCapex / Revenue | 7.4% | 0.5% |
| Cash ConversionOCF / Net Profit | 1.30× | -1.36× |
| TTM Free Cash FlowTrailing 4 quarters | $31.1M | $324.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-54.9M | ||
| Q3 25 | $79.2M | $110.0M | ||
| Q2 25 | $80.4M | $69.9M | ||
| Q1 25 | $75.1M | $209.9M | ||
| Q4 24 | $32.9M | $-84.5M | ||
| Q3 24 | $101.3M | $31.9M | ||
| Q2 24 | $46.9M | $55.4M | ||
| Q1 24 | $60.3M | $135.7M |
| Q4 25 | — | $-57.5M | ||
| Q3 25 | $39.5M | $106.5M | ||
| Q2 25 | $9.0M | $68.0M | ||
| Q1 25 | $18.9M | $208.0M | ||
| Q4 24 | $-36.3M | $-86.8M | ||
| Q3 24 | $37.9M | $29.8M | ||
| Q2 24 | $-19.5M | $53.5M | ||
| Q1 24 | $-29.2M | $133.6M |
| Q4 25 | — | -10.9% | ||
| Q3 25 | 7.4% | 17.9% | ||
| Q2 25 | 1.6% | 11.2% | ||
| Q1 25 | 3.7% | 30.4% | ||
| Q4 24 | -4.3% | -15.5% | ||
| Q3 24 | 7.5% | 4.9% | ||
| Q2 24 | -3.8% | 9.0% | ||
| Q1 24 | -6.1% | 20.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 7.4% | 0.6% | ||
| Q2 25 | 13.0% | 0.3% | ||
| Q1 25 | 10.9% | 0.3% | ||
| Q4 24 | 8.3% | 0.4% | ||
| Q3 24 | 12.6% | 0.3% | ||
| Q2 24 | 12.8% | 0.3% | ||
| Q1 24 | 18.6% | 0.3% |
| Q4 25 | — | -1.36× | ||
| Q3 25 | 1.30× | 3.32× | ||
| Q2 25 | 1.69× | 1.82× | ||
| Q1 25 | 13.65× | 6.05× | ||
| Q4 24 | — | -1.47× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | 1.56× | 1.64× | ||
| Q1 24 | 14.15× | 6.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
PRG
Segment breakdown not available.
