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Side-by-side financial comparison of Grab Holdings Ltd (GRAB) and Qnity Electronics, Inc. (Q). Click either name above to swap in a different company.
Grab Holdings Ltd is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.1× Qnity Electronics, Inc.). Qnity Electronics, Inc. runs the higher net margin — 12.3% vs 1.8%, a 10.6% gap on every dollar of revenue.
Grab Holdings Inc. is a Singaporean multinational technology company headquartered in one-north, Singapore. It is the developer of a super-app for ride-hailing, food delivery, and digital payment services on mobile devices. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam.
GRAB vs Q — Head-to-Head
Income Statement — Q4 FY2024 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.5B | $1.3B |
| Net Profit | $26.0M | $162.0M |
| Gross Margin | 43.1% | 47.0% |
| Operating Margin | -2.5% | — |
| Net Margin | 1.8% | 12.3% |
| Revenue YoY | — | 10.5% |
| Net Profit YoY | — | 48.6% |
| EPS (diluted) | $0.01 | $0.72 |
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 | — | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q4 24 | $1.5B | — | ||
| Q3 24 | — | $1.1B |
| Q1 26 | — | $162.0M | ||
| Q3 25 | — | $211.0M | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | — | $199.0M |
| Q1 26 | — | 47.0% | ||
| Q3 25 | — | 45.1% | ||
| Q4 24 | 43.1% | — | ||
| Q3 24 | — | 47.0% |
| Q1 26 | — | — | ||
| Q3 25 | — | 21.3% | ||
| Q4 24 | -2.5% | — | ||
| Q3 24 | — | 21.8% |
| Q1 26 | — | 12.3% | ||
| Q3 25 | — | 16.5% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | — | 17.3% |
| Q1 26 | — | $0.72 | ||
| Q3 25 | — | $1.01 | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | — | $0.95 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.0B | $857.0M |
| Total DebtLower is stronger | — | $4.0B |
| Stockholders' EquityBook value | $6.4B | $7.5B |
| Total Assets | $9.3B | $14.1B |
| Debt / EquityLower = less leverage | — | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $857.0M | ||
| Q3 25 | — | $128.0M | ||
| Q4 24 | $3.0B | — | ||
| Q3 24 | — | — |
| Q1 26 | — | $4.0B | ||
| Q3 25 | — | $1.7B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q1 26 | — | $7.5B | ||
| Q3 25 | — | $9.1B | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | — | $11.1B |
| Q1 26 | — | $14.1B | ||
| Q3 25 | — | $12.5B | ||
| Q4 24 | $9.3B | — | ||
| Q3 24 | — | — |
| Q1 26 | — | 0.54× | ||
| Q3 25 | — | 0.19× | ||
| Q4 24 | — | — | ||
| Q3 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 | $591.0M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 9.3% |
| Cash ConversionOCF / Net Profit | 22.73× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q3 25 | — | $782.0M | ||
| Q4 24 | $591.0M | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | $568.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | 44.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q1 26 | — | 9.3% | ||
| Q3 25 | — | 16.8% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q1 26 | — | — | ||
| Q3 25 | — | 3.71× | ||
| Q4 24 | 22.73× | — | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
