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Side-by-side financial comparison of Flywire Corp (FLYW) and Hilltop Holdings Inc. (HTH). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $157.5M, roughly 1.9× Flywire Corp). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 0.0%, a 13.0% gap on every dollar of revenue. Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs 0.6%).
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
FLYW vs HTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $300.5M |
| Net Profit | $33.0K | $39.0M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | — |
| Net Margin | 0.0% | 13.0% |
| Revenue YoY | 34.0% | — |
| Net Profit YoY | 100.2% | -12.4% |
| EPS (diluted) | $0.01 | $0.64 |
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.
| Q1 26 | — | $300.5M | ||
| Q4 25 | $157.5M | $329.9M | ||
| Q3 25 | $200.1M | $330.2M | ||
| Q2 25 | $131.9M | $303.3M | ||
| Q1 25 | $133.5M | $318.5M | ||
| Q4 24 | $117.5M | $301.1M | ||
| Q3 24 | $156.8M | $305.5M | ||
| Q2 24 | $103.7M | $297.0M |
| Q1 26 | — | $39.0M | ||
| Q4 25 | $33.0K | $41.6M | ||
| Q3 25 | $29.6M | $45.8M | ||
| Q2 25 | $-12.0M | $36.1M | ||
| Q1 25 | $-4.2M | $42.1M | ||
| Q4 24 | $-15.9M | $35.5M | ||
| Q3 24 | $38.9M | $29.7M | ||
| Q2 24 | $-13.9M | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | -0.6% | 16.1% | ||
| Q3 25 | 16.1% | 18.4% | ||
| Q2 25 | -6.8% | 16.3% | ||
| Q1 25 | -8.2% | 18.1% | ||
| Q4 24 | -4.9% | 14.7% | ||
| Q3 24 | 12.9% | 13.9% | ||
| Q2 24 | -15.2% | 10.0% |
| Q1 26 | — | 13.0% | ||
| Q4 25 | 0.0% | 12.6% | ||
| Q3 25 | 14.8% | 13.9% | ||
| Q2 25 | -9.1% | 11.9% | ||
| Q1 25 | -3.1% | 13.2% | ||
| Q4 24 | -13.5% | 11.8% | ||
| Q3 24 | 24.8% | 9.7% | ||
| Q2 24 | -13.4% | 6.8% |
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.01 | $0.68 | ||
| Q3 25 | $0.23 | $0.74 | ||
| Q2 25 | $-0.10 | $0.57 | ||
| Q1 25 | $-0.03 | $0.65 | ||
| Q4 24 | $-0.12 | $0.55 | ||
| Q3 24 | $0.30 | $0.46 | ||
| Q2 24 | $-0.11 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $355.0M | — |
| Total DebtLower is stronger | — | $990.8M |
| Stockholders' EquityBook value | $835.2M | $2.2B |
| Total Assets | $1.3B | $15.7B |
| Debt / EquityLower = less leverage | — | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $355.0M | — | ||
| Q3 25 | $377.3M | — | ||
| Q2 25 | $274.2M | — | ||
| Q1 25 | $255.3M | — | ||
| Q4 24 | $611.1M | — | ||
| Q3 24 | $681.1M | — | ||
| Q2 24 | $571.0M | — |
| Q1 26 | — | $990.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | $60.0M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.2B | ||
| Q4 25 | $835.2M | $2.2B | ||
| Q3 25 | $829.1M | $2.2B | ||
| Q2 25 | $792.4M | $2.2B | ||
| Q1 25 | $784.3M | $2.2B | ||
| Q4 24 | $814.8M | $2.2B | ||
| Q3 24 | $843.2M | $2.2B | ||
| Q2 24 | $802.6M | $2.1B |
| Q1 26 | — | $15.7B | ||
| Q4 25 | $1.3B | $15.8B | ||
| Q3 25 | $1.3B | $15.6B | ||
| Q2 25 | $1.1B | $15.4B | ||
| Q1 25 | $1.1B | $15.8B | ||
| Q4 24 | $1.1B | $16.3B | ||
| Q3 24 | $1.2B | $15.9B | ||
| Q2 24 | $998.7M | $15.6B |
| Q1 26 | — | 0.46× | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $4.9M | — |
| Free Cash FlowOCF − Capex | $4.5M | — |
| FCF MarginFCF / Revenue | 2.9% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 148.06× | — |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $4.9M | $-38.7M | ||
| Q3 25 | $150.1M | $273.0M | ||
| Q2 25 | $24.1M | $-234.6M | ||
| Q1 25 | $-78.9M | $5.8M | ||
| Q4 24 | $-28.6M | $273.9M | ||
| Q3 24 | $184.6M | $515.6M | ||
| Q2 24 | $-19.3M | $-435.3M |
| Q1 26 | — | — | ||
| Q4 25 | $4.5M | $-55.5M | ||
| Q3 25 | $149.9M | $271.0M | ||
| Q2 25 | $23.5M | $-234.6M | ||
| Q1 25 | $-79.1M | $5.0M | ||
| Q4 24 | $-28.7M | $266.8M | ||
| Q3 24 | $184.4M | $513.8M | ||
| Q2 24 | $-19.7M | $-437.3M |
| Q1 26 | — | — | ||
| Q4 25 | 2.9% | -16.8% | ||
| Q3 25 | 74.9% | 82.1% | ||
| Q2 25 | 17.8% | -77.4% | ||
| Q1 25 | -59.3% | 1.6% | ||
| Q4 24 | -24.4% | 88.6% | ||
| Q3 24 | 117.6% | 168.2% | ||
| Q2 24 | -19.0% | -147.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 5.1% | ||
| Q3 25 | 0.1% | 0.6% | ||
| Q2 25 | 0.4% | 0.0% | ||
| Q1 25 | 0.1% | 0.3% | ||
| Q4 24 | 0.1% | 2.4% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.3% | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | 148.06× | -0.93× | ||
| Q3 25 | 5.07× | 5.96× | ||
| Q2 25 | — | -6.50× | ||
| Q1 25 | — | 0.14× | ||
| Q4 24 | — | 7.71× | ||
| Q3 24 | 4.75× | 17.36× | ||
| Q2 24 | — | -21.41× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
