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Side-by-side financial comparison of Embecta Corp. (EMBC) 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 $261.2M, roughly 1.8× Embecta Corp.). Embecta Corp. runs the higher net margin — 16.9% vs -276.6%, a 293.4% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs -0.3%). StubHub Holdings, Inc. produced more free cash flow last quarter ($180.3M vs $16.6M).

Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.

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.

EMBC vs STUB — Head-to-Head

Bigger by revenue
STUB
STUB
1.8× larger
STUB
$468.1M
$261.2M
EMBC
Growing faster (revenue YoY)
STUB
STUB
+8.2% gap
STUB
7.9%
-0.3%
EMBC
Higher net margin
EMBC
EMBC
293.4% more per $
EMBC
16.9%
-276.6%
STUB
More free cash flow
STUB
STUB
$163.7M more FCF
STUB
$180.3M
$16.6M
EMBC

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
EMBC
EMBC
STUB
STUB
Revenue
$261.2M
$468.1M
Net Profit
$44.1M
$-1.3B
Gross Margin
61.9%
Operating Margin
31.9%
-292.3%
Net Margin
16.9%
-276.6%
Revenue YoY
-0.3%
7.9%
Net Profit YoY
-3821.6%
EPS (diluted)
$0.74
$-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
EMBC
EMBC
STUB
STUB
Q4 25
$261.2M
Q3 25
$264.0M
$468.1M
Q2 25
$295.5M
Q1 25
$259.0M
Q4 24
$261.9M
Q3 24
$286.1M
$433.8M
Q2 24
$272.5M
Q1 24
$287.2M
Net Profit
EMBC
EMBC
STUB
STUB
Q4 25
$44.1M
Q3 25
$26.4M
$-1.3B
Q2 25
$45.5M
Q1 25
$23.5M
Q4 24
$0
Q3 24
$14.6M
$-33.0M
Q2 24
$14.7M
Q1 24
$28.9M
Gross Margin
EMBC
EMBC
STUB
STUB
Q4 25
61.9%
Q3 25
60.0%
Q2 25
66.7%
Q1 25
63.4%
Q4 24
60.0%
Q3 24
60.7%
Q2 24
69.8%
Q1 24
64.6%
Operating Margin
EMBC
EMBC
STUB
STUB
Q4 25
31.9%
Q3 25
21.4%
-292.3%
Q2 25
31.8%
Q1 25
24.3%
Q4 24
11.0%
Q3 24
9.2%
2.8%
Q2 24
20.5%
Q1 24
13.6%
Net Margin
EMBC
EMBC
STUB
STUB
Q4 25
16.9%
Q3 25
10.0%
-276.6%
Q2 25
15.4%
Q1 25
9.1%
Q4 24
Q3 24
5.1%
-7.6%
Q2 24
5.4%
Q1 24
10.1%
EPS (diluted)
EMBC
EMBC
STUB
STUB
Q4 25
$0.74
Q3 25
$0.44
$-4.27
Q2 25
$0.78
Q1 25
$0.40
Q4 24
$0.00
Q3 24
$0.24
$-0.15
Q2 24
$0.25
Q1 24
$0.50

Balance Sheet & Financial Strength

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

Metric
EMBC
EMBC
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$201.3M
$1.4B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$-613.1M
$1.7B
Total Assets
$1.1B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EMBC
EMBC
STUB
STUB
Q4 25
$201.3M
Q3 25
$225.5M
$1.4B
Q2 25
$230.6M
Q1 25
$209.3M
Q4 24
$210.0M
Q3 24
$267.5M
$1.1B
Q2 24
$275.1M
Q1 24
$299.8M
Total Debt
EMBC
EMBC
STUB
STUB
Q4 25
Q3 25
$1.4B
$1.7B
Q2 25
Q1 25
Q4 24
Q3 24
$1.6B
Q2 24
Q1 24
Stockholders' Equity
EMBC
EMBC
STUB
STUB
Q4 25
$-613.1M
Q3 25
$-650.6M
$1.7B
Q2 25
$-669.6M
Q1 25
$-736.2M
Q4 24
$-768.8M
Q3 24
$-738.3M
$815.9M
Q2 24
$-763.7M
Q1 24
$-769.6M
Total Assets
EMBC
EMBC
STUB
STUB
Q4 25
$1.1B
Q3 25
$1.1B
$5.6B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.2B
Debt / Equity
EMBC
EMBC
STUB
STUB
Q4 25
Q3 25
0.98×
Q2 25
Q1 25
Q4 24
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
EMBC
EMBC
STUB
STUB
Operating Cash FlowLast quarter
$17.2M
$181.4M
Free Cash FlowOCF − Capex
$16.6M
$180.3M
FCF MarginFCF / Revenue
6.4%
38.5%
Capex IntensityCapex / Revenue
0.2%
0.2%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$205.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EMBC
EMBC
STUB
STUB
Q4 25
$17.2M
Q3 25
$84.0M
$181.4M
Q2 25
$81.2M
Q1 25
$31.8M
Q4 24
$-5.3M
Q3 24
$26.6M
Q2 24
$-2.1M
Q1 24
$24.3M
Free Cash Flow
EMBC
EMBC
STUB
STUB
Q4 25
$16.6M
Q3 25
$76.7M
$180.3M
Q2 25
$80.8M
Q1 25
$31.7M
Q4 24
$-6.8M
Q3 24
Q2 24
$-11.8M
Q1 24
$20.9M
FCF Margin
EMBC
EMBC
STUB
STUB
Q4 25
6.4%
Q3 25
29.1%
38.5%
Q2 25
27.3%
Q1 25
12.2%
Q4 24
-2.6%
Q3 24
Q2 24
-4.3%
Q1 24
7.3%
Capex Intensity
EMBC
EMBC
STUB
STUB
Q4 25
0.2%
Q3 25
2.8%
0.2%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.6%
Q3 24
0.0%
Q2 24
3.6%
Q1 24
1.2%
Cash Conversion
EMBC
EMBC
STUB
STUB
Q4 25
0.39×
Q3 25
3.18×
Q2 25
1.78×
Q1 25
1.35×
Q4 24
Q3 24
1.82×
Q2 24
-0.14×
Q1 24
0.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EMBC
EMBC

Pen Needles$185.5M71%
Safety$37.3M14%
Syringes$30.7M12%
Manufacturing Facility$4.1M2%

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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