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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
PACS Group, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Grocery Outlet Holding Corp.). PACS Group, Inc. runs the higher net margin — 4.4% vs -18.5%, a 22.9% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 10.7%). Over the past eight quarters, PACS Group, Inc.'s revenue compounded faster (20.5% CAGR vs 8.3%).
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.
GO vs PACS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $-224.9M | $59.7M |
| Gross Margin | 29.7% | — |
| Operating Margin | — | 7.0% |
| Net Margin | -18.5% | 4.4% |
| Revenue YoY | 10.7% | 18.4% |
| Net Profit YoY | -669.9% | 3022.5% |
| EPS (diluted) | $-2.22 | $0.42 |
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 | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.1B | $981.4M |
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $59.7M | ||
| Q3 25 | $11.6M | $52.4M | ||
| Q2 25 | $5.0M | $51.0M | ||
| Q1 25 | $-23.3M | $28.5M | ||
| Q4 24 | $2.3M | $1.9M | ||
| Q3 24 | $24.2M | $15.6M | ||
| Q2 24 | $14.0M | $-10.9M |
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 30.4% | — | ||
| Q2 25 | 30.6% | — | ||
| Q1 25 | 30.4% | — | ||
| Q4 24 | 29.5% | — | ||
| Q3 24 | 31.1% | 17.1% | ||
| Q2 24 | 30.9% | 22.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 7.0% | ||
| Q3 25 | 2.0% | 6.4% | ||
| Q2 25 | 1.1% | 6.2% | ||
| Q1 25 | -2.0% | 3.8% | ||
| Q4 24 | 1.0% | 1.7% | ||
| Q3 24 | 3.6% | 2.2% | ||
| Q2 24 | 2.3% | 0.1% |
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 4.4% | ||
| Q3 25 | 1.0% | 3.9% | ||
| Q2 25 | 0.4% | 3.9% | ||
| Q1 25 | -2.1% | 2.2% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 2.2% | 1.5% | ||
| Q2 24 | 1.2% | -1.1% |
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $0.42 | ||
| Q3 25 | $0.12 | $0.32 | ||
| Q2 25 | $0.05 | $0.31 | ||
| Q1 25 | $-0.24 | $0.17 | ||
| Q4 24 | $0.03 | $-0.03 | ||
| Q3 24 | $0.24 | $0.10 | ||
| Q2 24 | $0.14 | $-0.07 |
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 | $197.0M |
| Total DebtLower is stronger | $15.0M | $353.2M |
| Stockholders' EquityBook value | $983.7M | $946.8M |
| Total Assets | $3.1B | $5.6B |
| Debt / EquityLower = less leverage | 0.02× | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $197.0M | ||
| Q3 25 | $52.1M | $355.7M | ||
| Q2 25 | $55.2M | $294.2M | ||
| Q1 25 | $50.9M | $287.5M | ||
| Q4 24 | $62.8M | $157.7M | ||
| Q3 24 | $68.7M | $49.5M | ||
| Q2 24 | $67.1M | $73.4M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $353.2M | ||
| Q3 25 | $500.3M | — | ||
| Q2 25 | $473.9M | — | ||
| Q1 25 | $475.7M | — | ||
| Q4 24 | $477.5M | $411.9M | ||
| Q3 24 | $429.3M | — | ||
| Q2 24 | $379.2M | — |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $946.8M | ||
| Q3 25 | $1.2B | $871.3M | ||
| Q2 25 | $1.2B | $806.8M | ||
| Q1 25 | $1.2B | $750.2M | ||
| Q4 24 | $1.2B | $709.6M | ||
| Q3 24 | $1.2B | $660.0M | ||
| Q2 24 | $1.2B | $572.1M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $5.6B | ||
| Q3 25 | $3.4B | $5.6B | ||
| Q2 25 | $3.3B | $5.5B | ||
| Q1 25 | $3.3B | $5.5B | ||
| Q4 24 | $3.2B | $5.2B | ||
| Q3 24 | $3.1B | $4.5B | ||
| Q2 24 | $3.1B | $3.9B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 0.37× | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | 0.58× | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — |
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 | $-3.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $-3.4M | ||
| Q3 25 | $17.3M | $204.8M | ||
| Q2 25 | $73.6M | $52.6M | ||
| Q1 25 | $58.9M | $150.2M | ||
| Q4 24 | $39.5M | $64.6M | ||
| Q3 24 | $23.0M | $209.2M | ||
| Q2 24 | $41.6M | $34.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $-21.6M | — | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $-1.5M | — | ||
| Q4 24 | $-19.6M | — | ||
| Q3 24 | $-19.3M | — | ||
| Q2 24 | $2.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | -1.8% | — | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | -0.1% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | -1.7% | — | ||
| Q2 24 | 0.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.3% | — | ||
| Q2 25 | 5.0% | — | ||
| Q1 25 | 5.4% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.4% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.06× | ||
| Q3 25 | 1.49× | 3.91× | ||
| Q2 25 | 14.84× | 1.03× | ||
| Q1 25 | — | 5.28× | ||
| Q4 24 | 17.09× | 33.78× | ||
| Q3 24 | 0.95× | 13.39× | ||
| Q2 24 | 2.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
