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Side-by-side financial comparison of GE HealthCare (GEHC) and LPL Financial Holdings Inc. (LPLA). Click either name above to swap in a different company.
GE HealthCare is the larger business by last-quarter revenue ($5.1B vs $4.9B, roughly 1.0× LPL Financial Holdings Inc.). GE HealthCare runs the higher net margin — 8.0% vs 7.2%, a 0.8% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 7.4%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 3.0%).
GE Healthcare Technologies, Inc., stylized GE HealthCare, is an American health technology company based in Chicago, Illinois. It operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical Diagnostics, which manufactures...
LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.
GEHC vs LPLA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $5.1B | $4.9B |
| Net Profit | $411.0M | $356.4M |
| Gross Margin | 38.5% | 32.3% |
| Operating Margin | 10.0% | — |
| Net Margin | 8.0% | 7.2% |
| Revenue YoY | 7.4% | 34.6% |
| Net Profit YoY | -31.0% | — |
| EPS (diluted) | $0.85 | $4.43 |
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 | $5.1B | $4.9B | ||
| Q4 25 | $5.7B | $4.9B | ||
| Q3 25 | $5.1B | $4.6B | ||
| Q2 25 | $5.0B | $3.8B | ||
| Q1 25 | $4.8B | $3.7B | ||
| Q4 24 | $5.3B | $3.5B | ||
| Q3 24 | $4.9B | $3.1B | ||
| Q2 24 | $4.8B | $2.9B |
| Q1 26 | $411.0M | $356.4M | ||
| Q4 25 | $588.0M | $300.7M | ||
| Q3 25 | $446.0M | $-29.5M | ||
| Q2 25 | $486.0M | $273.2M | ||
| Q1 25 | $564.0M | $318.6M | ||
| Q4 24 | $721.0M | $270.7M | ||
| Q3 24 | $470.0M | $255.3M | ||
| Q2 24 | $428.0M | $243.8M |
| Q1 26 | 38.5% | 32.3% | ||
| Q4 25 | 39.7% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 39.6% | — | ||
| Q1 25 | 42.1% | — | ||
| Q4 24 | 42.8% | — | ||
| Q3 24 | 41.7% | — | ||
| Q2 24 | 41.4% | — |
| Q1 26 | 10.0% | — | ||
| Q4 25 | 14.5% | 8.1% | ||
| Q3 25 | 12.7% | -0.7% | ||
| Q2 25 | 13.1% | 9.6% | ||
| Q1 25 | 13.2% | 11.4% | ||
| Q4 24 | 15.1% | 9.7% | ||
| Q3 24 | 13.9% | 11.2% | ||
| Q2 24 | 12.6% | 11.3% |
| Q1 26 | 8.0% | 7.2% | ||
| Q4 25 | 10.3% | 6.1% | ||
| Q3 25 | 8.7% | -0.6% | ||
| Q2 25 | 9.7% | 7.1% | ||
| Q1 25 | 11.8% | 8.7% | ||
| Q4 24 | 13.6% | 7.7% | ||
| Q3 24 | 9.7% | 8.2% | ||
| Q2 24 | 8.8% | 8.3% |
| Q1 26 | $0.85 | $4.43 | ||
| Q4 25 | $1.28 | $3.65 | ||
| Q3 25 | $0.98 | $-0.37 | ||
| Q2 25 | $1.06 | $3.40 | ||
| Q1 25 | $1.23 | $4.24 | ||
| Q4 24 | $1.58 | $3.58 | ||
| Q3 24 | $1.02 | $3.39 | ||
| Q2 24 | $0.93 | $3.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.0B |
| Total DebtLower is stronger | $10.1B | — |
| Stockholders' EquityBook value | $10.7B | $5.7B |
| Total Assets | $37.1B | $18.8B |
| Debt / EquityLower = less leverage | 0.95× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.0B | ||
| Q4 25 | $4.5B | $1.1B | ||
| Q3 25 | $4.0B | $1.6B | ||
| Q2 25 | $3.7B | $4.3B | ||
| Q1 25 | $2.5B | $1.4B | ||
| Q4 24 | $2.9B | $1.0B | ||
| Q3 24 | $3.5B | $1.6B | ||
| Q2 24 | $2.0B | $1.4B |
| Q1 26 | $10.1B | — | ||
| Q4 25 | $10.0B | $7.3B | ||
| Q3 25 | $10.3B | $7.5B | ||
| Q2 25 | $10.3B | $7.2B | ||
| Q1 25 | $8.8B | $5.7B | ||
| Q4 24 | $9.0B | $5.5B | ||
| Q3 24 | $10.3B | $4.4B | ||
| Q2 24 | $9.2B | $4.4B |
| Q1 26 | $10.7B | $5.7B | ||
| Q4 25 | $10.4B | $5.3B | ||
| Q3 25 | $10.0B | $5.0B | ||
| Q2 25 | $9.7B | $5.1B | ||
| Q1 25 | $9.2B | $3.1B | ||
| Q4 24 | $8.4B | $2.9B | ||
| Q3 24 | $8.3B | $2.8B | ||
| Q2 24 | $7.8B | $2.5B |
| Q1 26 | $37.1B | $18.8B | ||
| Q4 25 | $36.9B | $18.5B | ||
| Q3 25 | $36.1B | $18.0B | ||
| Q2 25 | $35.5B | $17.5B | ||
| Q1 25 | $33.6B | $14.0B | ||
| Q4 24 | $33.1B | $13.3B | ||
| Q3 24 | $33.9B | $11.9B | ||
| Q2 24 | $31.9B | $11.5B |
| Q1 26 | 0.95× | — | ||
| Q4 25 | 0.96× | 1.36× | ||
| Q3 25 | 1.03× | 1.49× | ||
| Q2 25 | 1.06× | 1.41× | ||
| Q1 25 | 0.95× | 1.82× | ||
| Q4 24 | 1.06× | 1.87× | ||
| Q3 24 | 1.24× | 1.60× | ||
| Q2 24 | 1.18× | 1.77× |
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 | — | — |
| Free Cash FlowOCF − Capex | $112.0M | — |
| FCF MarginFCF / Revenue | 2.2% | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $785.0M | ||
| Q3 25 | — | $-1.7B | ||
| Q2 25 | $94.0M | $193.3M | ||
| Q1 25 | $250.0M | $339.8M | ||
| Q4 24 | — | $-178.8M | ||
| Q3 24 | — | $209.3M | ||
| Q2 24 | $-119.0M | $-178.9M |
| Q1 26 | $112.0M | — | ||
| Q4 25 | — | $613.3M | ||
| Q3 25 | — | $-1.9B | ||
| Q2 25 | $8.0M | $56.3M | ||
| Q1 25 | $98.0M | $220.3M | ||
| Q4 24 | — | $-344.3M | ||
| Q3 24 | — | $62.3M | ||
| Q2 24 | $-183.0M | $-307.8M |
| Q1 26 | 2.2% | — | ||
| Q4 25 | — | 12.4% | ||
| Q3 25 | — | -41.1% | ||
| Q2 25 | 0.2% | 1.5% | ||
| Q1 25 | 2.1% | 6.0% | ||
| Q4 24 | — | -9.8% | ||
| Q3 24 | — | 2.0% | ||
| Q2 24 | -3.8% | -10.5% |
| Q1 26 | — | 0.0% | ||
| Q4 25 | 2.4% | 3.5% | ||
| Q3 25 | 2.1% | 3.1% | ||
| Q2 25 | 1.7% | 3.6% | ||
| Q1 25 | 3.2% | 3.3% | ||
| Q4 24 | 1.9% | 4.7% | ||
| Q3 24 | 1.9% | 4.7% | ||
| Q2 24 | 1.3% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.19× | 0.71× | ||
| Q1 25 | 0.44× | 1.07× | ||
| Q4 24 | — | -0.66× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | -0.28× | -0.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GEHC
| Imaging revenues | $2.3B | 45% |
| AVS revenues | $1.3B | 26% |
| PDx revenues | $770.0M | 15% |
| PCS revenues | $704.0M | 14% |
| Other revenues | $18.0M | 0% |
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
