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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) and Lineage, Inc. (LINE). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Grocery Outlet Holding Corp.). Lineage, Inc. runs the higher net margin — -7.3% vs -18.5%, a 11.2% gap on every dollar of revenue. On growth, Grocery Outlet Holding Corp. posted the faster year-over-year revenue change (10.7% vs 3.1%).
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
GO vs LINE — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $-224.9M | $-100.0M |
| Gross Margin | 29.7% | 32.3% |
| Operating Margin | — | 2.5% |
| Net Margin | -18.5% | -7.3% |
| Revenue YoY | 10.7% | 3.1% |
| Net Profit YoY | -669.9% | 79.4% |
| EPS (diluted) | $-2.22 | $-0.44 |
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 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.0B | $1.3B |
| Q1 26 | $-224.9M | — | ||
| Q3 25 | $11.6M | $-100.0M | ||
| Q2 25 | $5.0M | $-6.0M | ||
| Q1 25 | $-23.3M | $0 | ||
| Q4 24 | $2.3M | $-71.0M | ||
| Q3 24 | $24.2M | $-485.0M | ||
| Q2 24 | $14.0M | $-68.0M | ||
| Q1 24 | $-1.0M | $-40.0M |
| Q1 26 | 29.7% | — | ||
| Q3 25 | 30.4% | 32.3% | ||
| Q2 25 | 30.6% | 31.9% | ||
| Q1 25 | 30.4% | 32.2% | ||
| Q4 24 | 29.5% | 32.3% | ||
| Q3 24 | 31.1% | 32.8% | ||
| Q2 24 | 30.9% | 33.4% | ||
| Q1 24 | 29.3% | 33.4% |
| Q1 26 | — | — | ||
| Q3 25 | 2.0% | 2.5% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | -2.0% | 4.3% | ||
| Q4 24 | 1.0% | -1.6% | ||
| Q3 24 | 3.6% | -38.6% | ||
| Q2 24 | 2.3% | 5.5% | ||
| Q1 24 | 0.1% | 7.6% |
| Q1 26 | -18.5% | — | ||
| Q3 25 | 1.0% | -7.3% | ||
| Q2 25 | 0.4% | -0.4% | ||
| Q1 25 | -2.1% | — | ||
| Q4 24 | 0.2% | -5.3% | ||
| Q3 24 | 2.2% | -36.3% | ||
| Q2 24 | 1.2% | -5.1% | ||
| Q1 24 | -0.1% | -3.0% |
| Q1 26 | $-2.22 | — | ||
| Q3 25 | $0.12 | $-0.44 | ||
| Q2 25 | $0.05 | $-0.03 | ||
| Q1 25 | $-0.24 | $0.01 | ||
| Q4 24 | $0.03 | $-0.52 | ||
| Q3 24 | $0.24 | $-2.44 | ||
| Q2 24 | $0.14 | $-0.46 | ||
| Q1 24 | $-0.01 | $-0.28 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.6M | — |
| Total DebtLower is stronger | $15.0M | — |
| Stockholders' EquityBook value | $983.7M | $8.4B |
| Total Assets | $3.1B | $19.2B |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q3 25 | $52.1M | — | ||
| Q2 25 | $55.2M | — | ||
| Q1 25 | $50.9M | — | ||
| Q4 24 | $62.8M | $173.0M | ||
| Q3 24 | $68.7M | $409.0M | ||
| Q2 24 | $67.1M | $73.0M | ||
| Q1 24 | $66.9M | — |
| Q1 26 | $15.0M | — | ||
| Q3 25 | $500.3M | — | ||
| Q2 25 | $473.9M | — | ||
| Q1 25 | $475.7M | — | ||
| Q4 24 | $477.5M | — | ||
| Q3 24 | $429.3M | — | ||
| Q2 24 | $379.2M | — | ||
| Q1 24 | $291.0M | — |
| Q1 26 | $983.7M | — | ||
| Q3 25 | $1.2B | $8.4B | ||
| Q2 25 | $1.2B | $8.6B | ||
| Q1 25 | $1.2B | $8.6B | ||
| Q4 24 | $1.2B | $8.6B | ||
| Q3 24 | $1.2B | $9.0B | ||
| Q2 24 | $1.2B | $4.9B | ||
| Q1 24 | $1.2B | $5.6B |
| Q1 26 | $3.1B | — | ||
| Q3 25 | $3.4B | $19.2B | ||
| Q2 25 | $3.3B | $19.4B | ||
| Q1 25 | $3.3B | $18.8B | ||
| Q4 24 | $3.2B | $18.7B | ||
| Q3 24 | $3.1B | $19.3B | ||
| Q2 24 | $3.1B | $18.8B | ||
| Q1 24 | $3.0B | — |
| Q1 26 | 0.02× | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — | ||
| Q1 24 | 0.24× | — |
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 | $222.1M | $230.0M |
| Free Cash FlowOCF − Capex | — | $35.0M |
| FCF MarginFCF / Revenue | — | 2.5% |
| Capex IntensityCapex / Revenue | — | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.1M | — | ||
| Q3 25 | $17.3M | $230.0M | ||
| Q2 25 | $73.6M | $258.0M | ||
| Q1 25 | $58.9M | $139.0M | ||
| Q4 24 | $39.5M | — | ||
| Q3 24 | $23.0M | $186.0M | ||
| Q2 24 | $41.6M | $155.0M | ||
| Q1 24 | $7.8M | $105.0M |
| Q1 26 | — | — | ||
| Q3 25 | $-21.6M | $35.0M | ||
| Q2 25 | $14.4M | $95.0M | ||
| Q1 25 | $-1.5M | $-12.0M | ||
| Q4 24 | $-19.6M | — | ||
| Q3 24 | $-19.3M | $33.0M | ||
| Q2 24 | $2.7M | $-31.0M | ||
| Q1 24 | $-38.4M | $-42.0M |
| Q1 26 | — | — | ||
| Q3 25 | -1.8% | 2.5% | ||
| Q2 25 | 1.2% | 7.0% | ||
| Q1 25 | -0.1% | -0.9% | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -1.7% | 2.5% | ||
| Q2 24 | 0.2% | -2.3% | ||
| Q1 24 | -3.7% | -3.2% |
| Q1 26 | — | — | ||
| Q3 25 | 3.3% | 14.2% | ||
| Q2 25 | 5.0% | 12.1% | ||
| Q1 25 | 5.4% | 11.7% | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | 11.5% | ||
| Q2 24 | 3.4% | 13.9% | ||
| Q1 24 | 4.5% | 11.1% |
| Q1 26 | — | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 14.84× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 17.09× | — | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 2.97× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
