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Side-by-side financial comparison of Grab Holdings Ltd (GRAB) and STIFEL FINANCIAL CORP (SF). Click either name above to swap in a different company.

Grab Holdings Ltd is the larger business by last-quarter revenue ($1.5B vs $1.1B, roughly 1.3× STIFEL FINANCIAL CORP). STIFEL FINANCIAL CORP runs the higher net margin — 23.5% vs 1.8%, a 21.7% 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.

Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under the Stifel name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.

GRAB vs SF — Head-to-Head

Bigger by revenue
GRAB
GRAB
1.3× larger
GRAB
$1.5B
$1.1B
SF
Higher net margin
SF
SF
21.7% more per $
SF
23.5%
1.8%
GRAB

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
GRAB
GRAB
SF
SF
Revenue
$1.5B
$1.1B
Net Profit
$26.0M
$264.4M
Gross Margin
43.1%
Operating Margin
-2.5%
27.3%
Net Margin
1.8%
23.5%
Revenue YoY
23.0%
Net Profit YoY
8.3%
EPS (diluted)
$0.01
$2.30

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.

Revenue
GRAB
GRAB
SF
SF
Q4 25
$1.1B
Q3 25
$962.6M
Q2 25
$838.9M
Q1 25
$842.5M
Q4 24
$1.5B
$916.0M
Q3 24
$810.9M
Q2 24
$798.9M
Q1 24
$768.1M
Net Profit
GRAB
GRAB
SF
SF
Q4 25
$264.4M
Q3 25
$211.4M
Q2 25
$155.1M
Q1 25
$53.0M
Q4 24
$26.0M
$244.0M
Q3 24
$158.5M
Q2 24
$165.3M
Q1 24
$163.6M
Gross Margin
GRAB
GRAB
SF
SF
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
43.1%
Q3 24
Q2 24
Q1 24
Operating Margin
GRAB
GRAB
SF
SF
Q4 25
27.3%
Q3 25
29.7%
Q2 25
25.5%
Q1 25
7.5%
Q4 24
-2.5%
29.1%
Q3 24
26.7%
Q2 24
28.4%
Q1 24
28.5%
Net Margin
GRAB
GRAB
SF
SF
Q4 25
23.5%
Q3 25
22.0%
Q2 25
18.5%
Q1 25
6.3%
Q4 24
1.8%
26.6%
Q3 24
19.5%
Q2 24
20.7%
Q1 24
21.3%
EPS (diluted)
GRAB
GRAB
SF
SF
Q4 25
$2.30
Q3 25
$1.84
Q2 25
$1.34
Q1 25
$0.39
Q4 24
$0.01
$2.10
Q3 24
$1.34
Q2 24
$1.41
Q1 24
$1.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GRAB
GRAB
SF
SF
Cash + ST InvestmentsLiquidity on hand
$3.0B
$2.3B
Total DebtLower is stronger
$617.4M
Stockholders' EquityBook value
$6.4B
$6.0B
Total Assets
$9.3B
$41.3B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRAB
GRAB
SF
SF
Q4 25
$2.3B
Q3 25
$3.2B
Q2 25
$1.9B
Q1 25
$2.7B
Q4 24
$3.0B
$2.6B
Q3 24
$1.9B
Q2 24
$2.6B
Q1 24
$3.4B
Total Debt
GRAB
GRAB
SF
SF
Q4 25
$617.4M
Q3 25
$617.2M
Q2 25
$617.0M
Q1 25
$616.8M
Q4 24
$616.6M
Q3 24
$616.4M
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
GRAB
GRAB
SF
SF
Q4 25
$6.0B
Q3 25
$5.8B
Q2 25
$5.6B
Q1 25
$5.5B
Q4 24
$6.4B
$5.7B
Q3 24
$5.6B
Q2 24
$5.4B
Q1 24
$5.3B
Total Assets
GRAB
GRAB
SF
SF
Q4 25
$41.3B
Q3 25
$41.7B
Q2 25
$39.9B
Q1 25
$40.4B
Q4 24
$9.3B
$39.9B
Q3 24
$38.9B
Q2 24
$37.8B
Q1 24
$38.3B
Debt / Equity
GRAB
GRAB
SF
SF
Q4 25
0.10×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.21×
Q1 24
0.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GRAB
GRAB
SF
SF
Operating Cash FlowLast quarter
$591.0M
$382.4M
Free Cash FlowOCF − Capex
$369.0M
FCF MarginFCF / Revenue
32.7%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
22.73×
1.45×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRAB
GRAB
SF
SF
Q4 25
$382.4M
Q3 25
$338.3M
Q2 25
$607.5M
Q1 25
$-211.2M
Q4 24
$591.0M
$694.6M
Q3 24
$198.3M
Q2 24
$207.2M
Q1 24
$-609.7M
Free Cash Flow
GRAB
GRAB
SF
SF
Q4 25
$369.0M
Q3 25
$321.1M
Q2 25
$592.7M
Q1 25
$-227.8M
Q4 24
$677.2M
Q3 24
$185.6M
Q2 24
$173.3M
Q1 24
$-619.4M
FCF Margin
GRAB
GRAB
SF
SF
Q4 25
32.7%
Q3 25
33.4%
Q2 25
70.6%
Q1 25
-27.0%
Q4 24
73.9%
Q3 24
22.9%
Q2 24
21.7%
Q1 24
-80.6%
Capex Intensity
GRAB
GRAB
SF
SF
Q4 25
1.2%
Q3 25
1.8%
Q2 25
1.8%
Q1 25
2.0%
Q4 24
1.9%
Q3 24
1.6%
Q2 24
4.2%
Q1 24
1.3%
Cash Conversion
GRAB
GRAB
SF
SF
Q4 25
1.45×
Q3 25
1.60×
Q2 25
3.92×
Q1 25
-3.99×
Q4 24
22.73×
2.85×
Q3 24
1.25×
Q2 24
1.25×
Q1 24
-3.73×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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