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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) and UGI CORP (UGI). Click either name above to swap in a different company.
UGI CORP is the larger business by last-quarter revenue ($2.7B vs $1.2B, roughly 2.2× Grocery Outlet Holding Corp.). UGI CORP runs the higher net margin — 19.4% vs -18.5%, a 37.9% gap on every dollar of revenue. On growth, Grocery Outlet Holding Corp. posted the faster year-over-year revenue change (10.7% vs 0.7%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% 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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
GO vs UGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $2.7B |
| Net Profit | $-224.9M | $520.0M |
| Gross Margin | 29.7% | — |
| Operating Margin | — | 9.3% |
| Net Margin | -18.5% | 19.4% |
| Revenue YoY | 10.7% | 0.7% |
| Net Profit YoY | -669.9% | -2.4% |
| EPS (diluted) | $-2.22 | $2.33 |
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 | $2.7B | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.2B | $1.2B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.1B | $2.6B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.4B |
| Q1 26 | $-224.9M | $520.0M | ||
| Q4 25 | — | $297.0M | ||
| Q3 25 | $11.6M | $-13.0M | ||
| Q2 25 | $5.0M | $-163.0M | ||
| Q1 25 | $-23.3M | $479.0M | ||
| Q4 24 | $2.3M | $375.0M | ||
| Q3 24 | $24.2M | $-273.0M | ||
| Q2 24 | $14.0M | $-48.0M |
| 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% | — | ||
| Q2 24 | 30.9% | — |
| Q1 26 | — | 9.3% | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | 2.0% | 1.1% | ||
| Q2 25 | 1.1% | -6.8% | ||
| Q1 25 | -2.0% | 26.6% | ||
| Q4 24 | 1.0% | 24.5% | ||
| Q3 24 | 3.6% | -20.4% | ||
| Q2 24 | 2.3% | 5.0% |
| Q1 26 | -18.5% | 19.4% | ||
| Q4 25 | — | 14.4% | ||
| Q3 25 | 1.0% | -1.1% | ||
| Q2 25 | 0.4% | -12.0% | ||
| Q1 25 | -2.1% | 18.2% | ||
| Q4 24 | 0.2% | 18.9% | ||
| Q3 24 | 2.2% | -22.6% | ||
| Q2 24 | 1.2% | -3.6% |
| Q1 26 | $-2.22 | $2.33 | ||
| Q4 25 | — | $1.34 | ||
| Q3 25 | $0.12 | $-0.08 | ||
| Q2 25 | $0.05 | $-0.76 | ||
| Q1 25 | $-0.24 | $2.19 | ||
| Q4 24 | $0.03 | $1.74 | ||
| Q3 24 | $0.24 | $-1.26 | ||
| Q2 24 | $0.14 | $-0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.6M | — |
| Total DebtLower is stronger | $15.0M | — |
| Stockholders' EquityBook value | $983.7M | — |
| Total Assets | $3.1B | — |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $251.0M | ||
| Q3 25 | $52.1M | $335.0M | ||
| Q2 25 | $55.2M | $350.0M | ||
| Q1 25 | $50.9M | $426.0M | ||
| Q4 24 | $62.8M | $240.0M | ||
| Q3 24 | $68.7M | $213.0M | ||
| Q2 24 | $67.1M | $183.0M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | $6.0B | ||
| Q3 25 | $500.3M | $6.5B | ||
| Q2 25 | $473.9M | $5.7B | ||
| Q1 25 | $475.7M | $6.6B | ||
| Q4 24 | $477.5M | $6.6B | ||
| Q3 24 | $429.3M | $6.4B | ||
| Q2 24 | $379.2M | $6.3B |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $5.0B | ||
| Q3 25 | $1.2B | $4.8B | ||
| Q2 25 | $1.2B | $4.9B | ||
| Q1 25 | $1.2B | $5.0B | ||
| Q4 24 | $1.2B | $4.6B | ||
| Q3 24 | $1.2B | $4.3B | ||
| Q2 24 | $1.2B | $4.7B |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $15.8B | ||
| Q3 25 | $3.4B | $15.5B | ||
| Q2 25 | $3.3B | $15.4B | ||
| Q1 25 | $3.3B | $15.7B | ||
| Q4 24 | $3.2B | $15.4B | ||
| Q3 24 | $3.1B | $15.1B | ||
| Q2 24 | $3.1B | $15.1B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | 1.19× | ||
| Q3 25 | 0.42× | 1.37× | ||
| Q2 25 | 0.40× | 1.17× | ||
| Q1 25 | 0.40× | 1.32× | ||
| Q4 24 | 0.40× | 1.44× | ||
| Q3 24 | 0.35× | 1.48× | ||
| Q2 24 | 0.31× | 1.34× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $66.0M | ||
| Q3 25 | $17.3M | $90.0M | ||
| Q2 25 | $73.6M | $289.0M | ||
| Q1 25 | $58.9M | $684.0M | ||
| Q4 24 | $39.5M | $164.0M | ||
| Q3 24 | $23.0M | $151.0M | ||
| Q2 24 | $41.6M | $390.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-155.0M | ||
| Q3 25 | $-21.6M | $-168.0M | ||
| Q2 25 | $14.4M | $67.0M | ||
| Q1 25 | $-1.5M | $538.0M | ||
| Q4 24 | $-19.6M | $-47.0M | ||
| Q3 24 | $-19.3M | $-115.0M | ||
| Q2 24 | $2.7M | $185.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -7.5% | ||
| Q3 25 | -1.8% | -14.4% | ||
| Q2 25 | 1.2% | 4.9% | ||
| Q1 25 | -0.1% | 20.4% | ||
| Q4 24 | -1.8% | -2.4% | ||
| Q3 24 | -1.7% | -9.5% | ||
| Q2 24 | 0.2% | 13.7% |
| Q1 26 | — | 4.7% | ||
| Q4 25 | — | 10.7% | ||
| Q3 25 | 3.3% | 22.1% | ||
| Q2 25 | 5.0% | 16.3% | ||
| Q1 25 | 5.4% | 5.5% | ||
| Q4 24 | 5.4% | 10.6% | ||
| Q3 24 | 3.8% | 22.0% | ||
| Q2 24 | 3.4% | 15.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.22× | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 14.84× | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | 17.09× | 0.44× | ||
| Q3 24 | 0.95× | — | ||
| Q2 24 | 2.97× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
UGI
| Utilities | $880.0M | 33% |
| AmeriGas Propane | $759.0M | 28% |
| UGI International | $621.0M | 23% |
| Other | $425.0M | 16% |
