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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) and SEALED AIR CORP (SEE). Click either name above to swap in a different company.
SEALED AIR CORP is the larger business by last-quarter revenue ($1.4B vs $1.2B, roughly 1.1× Grocery Outlet Holding Corp.). SEALED AIR CORP runs the higher net margin — 3.1% vs -18.5%, a 21.7% gap on every dollar of revenue. On growth, Grocery Outlet Holding Corp. posted the faster year-over-year revenue change (10.7% vs 2.6%). Over the past eight quarters, Grocery Outlet Holding Corp.'s revenue compounded faster (8.3% CAGR vs 2.7%).
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.
Sealed Air Corporation is a global provider of innovative packaging and protective solutions. Its core offerings include cushioning materials, food safety and preservation packaging, and sustainable waste-reducing packaging systems, serving retail, e-commerce, food and beverage, and industrial manufacturing markets worldwide.
GO vs SEE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.4B |
| Net Profit | $-224.9M | $43.8M |
| Gross Margin | 29.7% | 28.6% |
| Operating Margin | — | 11.4% |
| Net Margin | -18.5% | 3.1% |
| Revenue YoY | 10.7% | 2.6% |
| Net Profit YoY | -669.9% | 700.0% |
| EPS (diluted) | $-2.22 | $0.30 |
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 | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.3B |
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $43.8M | ||
| Q3 25 | $11.6M | $255.1M | ||
| Q2 25 | $5.0M | $93.1M | ||
| Q1 25 | $-23.3M | $113.5M | ||
| Q4 24 | $2.3M | $-7.3M | ||
| Q3 24 | $24.2M | $91.7M | ||
| Q2 24 | $14.0M | $98.3M |
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | 28.6% | ||
| Q3 25 | 30.4% | 29.8% | ||
| Q2 25 | 30.6% | 30.7% | ||
| Q1 25 | 30.4% | 30.9% | ||
| Q4 24 | 29.5% | 30.0% | ||
| Q3 24 | 31.1% | 30.1% | ||
| Q2 24 | 30.9% | 31.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.4% | ||
| Q3 25 | 2.0% | 13.8% | ||
| Q2 25 | 1.1% | 15.0% | ||
| Q1 25 | -2.0% | 14.5% | ||
| Q4 24 | 1.0% | 11.7% | ||
| Q3 24 | 3.6% | 13.9% | ||
| Q2 24 | 2.3% | 15.4% |
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 3.1% | ||
| Q3 25 | 1.0% | 19.0% | ||
| Q2 25 | 0.4% | 7.0% | ||
| Q1 25 | -2.1% | 9.0% | ||
| Q4 24 | 0.2% | -0.5% | ||
| Q3 24 | 2.2% | 6.9% | ||
| Q2 24 | 1.2% | 7.4% |
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $0.30 | ||
| Q3 25 | $0.12 | $1.73 | ||
| Q2 25 | $0.05 | $0.63 | ||
| Q1 25 | $-0.24 | $0.77 | ||
| Q4 24 | $0.03 | $-0.05 | ||
| Q3 24 | $0.24 | $0.63 | ||
| Q2 24 | $0.14 | $0.67 |
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 | $344.0M |
| Total DebtLower is stronger | $15.0M | $3.3B |
| Stockholders' EquityBook value | $983.7M | $1.2B |
| Total Assets | $3.1B | $7.0B |
| Debt / EquityLower = less leverage | 0.02× | 2.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $344.0M | ||
| Q3 25 | $52.1M | $282.5M | ||
| Q2 25 | $55.2M | $354.4M | ||
| Q1 25 | $50.9M | $335.2M | ||
| Q4 24 | $62.8M | $371.8M | ||
| Q3 24 | $68.7M | $386.0M | ||
| Q2 24 | $67.1M | $388.6M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | $500.3M | $4.0B | ||
| Q2 25 | $473.9M | $4.0B | ||
| Q1 25 | $475.7M | $4.2B | ||
| Q4 24 | $477.5M | $4.2B | ||
| Q3 24 | $429.3M | $4.3B | ||
| Q2 24 | $379.2M | $4.4B |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $953.1M | ||
| Q1 25 | $1.2B | $797.9M | ||
| Q4 24 | $1.2B | $624.5M | ||
| Q3 24 | $1.2B | $771.2M | ||
| Q2 24 | $1.2B | $650.1M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $7.0B | ||
| Q3 25 | $3.4B | $7.1B | ||
| Q2 25 | $3.3B | $7.2B | ||
| Q1 25 | $3.3B | $7.0B | ||
| Q4 24 | $3.2B | $7.0B | ||
| Q3 24 | $3.1B | $7.3B | ||
| Q2 24 | $3.1B | $7.3B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 2.65× | ||
| Q3 25 | 0.42× | 3.34× | ||
| Q2 25 | 0.40× | 4.18× | ||
| Q1 25 | 0.40× | 5.26× | ||
| Q4 24 | 0.40× | 6.72× | ||
| Q3 24 | 0.35× | 5.62× | ||
| Q2 24 | 0.31× | 6.81× |
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 | $293.6M |
| Free Cash FlowOCF − Capex | — | $257.7M |
| FCF MarginFCF / Revenue | — | 18.5% |
| Capex IntensityCapex / Revenue | — | 2.6% |
| Cash ConversionOCF / Net Profit | — | 6.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $458.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $293.6M | ||
| Q3 25 | $17.3M | $165.9M | ||
| Q2 25 | $73.6M | $136.6M | ||
| Q1 25 | $58.9M | $31.9M | ||
| Q4 24 | $39.5M | $244.2M | ||
| Q3 24 | $23.0M | $170.5M | ||
| Q2 24 | $41.6M | $188.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $257.7M | ||
| Q3 25 | $-21.6M | $119.6M | ||
| Q2 25 | $14.4M | $93.2M | ||
| Q1 25 | $-1.5M | $-12.0M | ||
| Q4 24 | $-19.6M | $185.1M | ||
| Q3 24 | $-19.3M | $115.2M | ||
| Q2 24 | $2.7M | $129.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.5% | ||
| Q3 25 | -1.8% | 8.9% | ||
| Q2 25 | 1.2% | 7.0% | ||
| Q1 25 | -0.1% | -0.9% | ||
| Q4 24 | -1.8% | 13.6% | ||
| Q3 24 | -1.7% | 8.6% | ||
| Q2 24 | 0.2% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.6% | ||
| Q3 25 | 3.3% | 3.4% | ||
| Q2 25 | 5.0% | 3.3% | ||
| Q1 25 | 5.4% | 3.5% | ||
| Q4 24 | 5.4% | 4.4% | ||
| Q3 24 | 3.8% | 4.1% | ||
| Q2 24 | 3.4% | 4.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.70× | ||
| Q3 25 | 1.49× | 0.65× | ||
| Q2 25 | 14.84× | 1.47× | ||
| Q1 25 | — | 0.28× | ||
| Q4 24 | 17.09× | — | ||
| Q3 24 | 0.95× | 1.86× | ||
| Q2 24 | 2.97× | 1.91× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
SEE
| Protective Segment | $1.1B | 78% |
| Other | $292.0M | 21% |
| Pension Plans Defined Benefit | $7.9M | 1% |
