vs

Side-by-side financial comparison of Grab Holdings Ltd (GRAB) and Molson Coors Beverage Company (TAP). Click either name above to swap in a different company.

Molson Coors Beverage Company is the larger business by last-quarter revenue ($2.7B vs $1.5B, roughly 1.8× Grab Holdings Ltd). Molson Coors Beverage Company runs the higher net margin — 5.5% vs 1.8%, a 3.8% 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.

Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.

GRAB vs TAP — Head-to-Head

Bigger by revenue
TAP
TAP
1.8× larger
TAP
$2.7B
$1.5B
GRAB
Higher net margin
TAP
TAP
3.8% more per $
TAP
5.5%
1.8%
GRAB

Income Statement — Q4 FY2024 vs Q1 FY2026

Metric
GRAB
GRAB
TAP
TAP
Revenue
$1.5B
$2.7B
Net Profit
$26.0M
$150.1M
Gross Margin
43.1%
33.0%
Operating Margin
-2.5%
Net Margin
1.8%
5.5%
Revenue YoY
2.0%
Net Profit YoY
25.0%
EPS (diluted)
$0.01
$0.80

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
TAP
TAP
Q1 26
$2.7B
Q4 25
$3.1B
Q3 25
$3.5B
Q2 25
$3.7B
Q1 25
$2.7B
Q4 24
$1.5B
$3.2B
Q3 24
$3.6B
Q2 24
$3.8B
Net Profit
GRAB
GRAB
TAP
TAP
Q1 26
$150.1M
Q4 25
$238.3M
Q3 25
$-2.9B
Q2 25
$428.7M
Q1 25
$121.0M
Q4 24
$26.0M
$287.8M
Q3 24
$199.8M
Q2 24
$427.0M
Gross Margin
GRAB
GRAB
TAP
TAP
Q1 26
33.0%
Q4 25
31.0%
Q3 25
33.7%
Q2 25
34.3%
Q1 25
31.6%
Q4 24
43.1%
32.0%
Q3 24
33.4%
Q2 24
34.6%
Operating Margin
GRAB
GRAB
TAP
TAP
Q1 26
Q4 25
10.4%
Q3 25
-98.5%
Q2 25
15.6%
Q1 25
6.9%
Q4 24
-2.5%
12.0%
Q3 24
12.5%
Q2 24
15.6%
Net Margin
GRAB
GRAB
TAP
TAP
Q1 26
5.5%
Q4 25
7.6%
Q3 25
-84.0%
Q2 25
11.5%
Q1 25
4.5%
Q4 24
1.8%
8.9%
Q3 24
5.5%
Q2 24
11.1%
EPS (diluted)
GRAB
GRAB
TAP
TAP
Q1 26
$0.80
Q4 25
$1.32
Q3 25
$-14.79
Q2 25
$2.13
Q1 25
$0.59
Q4 24
$0.01
$1.39
Q3 24
$0.96
Q2 24
$2.03

Balance Sheet & Financial Strength

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

Metric
GRAB
GRAB
TAP
TAP
Cash + ST InvestmentsLiquidity on hand
$3.0B
$382.6M
Total DebtLower is stronger
$3.8B
Stockholders' EquityBook value
$6.4B
$10.3B
Total Assets
$9.3B
$22.4B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GRAB
GRAB
TAP
TAP
Q1 26
$382.6M
Q4 25
$896.5M
Q3 25
$950.2M
Q2 25
$613.8M
Q1 25
$412.7M
Q4 24
$3.0B
$969.3M
Q3 24
$1.0B
Q2 24
$1.6B
Total Debt
GRAB
GRAB
TAP
TAP
Q1 26
$3.8B
Q4 25
$6.3B
Q3 25
$6.3B
Q2 25
$6.3B
Q1 25
$6.2B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$7.0B
Stockholders' Equity
GRAB
GRAB
TAP
TAP
Q1 26
$10.3B
Q4 25
$10.2B
Q3 25
$10.3B
Q2 25
$13.4B
Q1 25
$13.1B
Q4 24
$6.4B
$13.1B
Q3 24
$13.3B
Q2 24
$13.2B
Total Assets
GRAB
GRAB
TAP
TAP
Q1 26
$22.4B
Q4 25
$22.7B
Q3 25
$22.9B
Q2 25
$26.8B
Q1 25
$25.9B
Q4 24
$9.3B
$26.1B
Q3 24
$26.6B
Q2 24
$27.4B
Debt / Equity
GRAB
GRAB
TAP
TAP
Q1 26
0.38×
Q4 25
0.61×
Q3 25
0.61×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.47×
Q3 24
0.47×
Q2 24
0.53×

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
TAP
TAP
Operating Cash FlowLast quarter
$591.0M
Free Cash FlowOCF − Capex
$-212.9M
FCF MarginFCF / Revenue
-7.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
22.73×
TTM Free Cash FlowTrailing 4 quarters
$1.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GRAB
GRAB
TAP
TAP
Q1 26
Q4 25
$540.7M
Q3 25
$616.1M
Q2 25
$718.3M
Q1 25
$-90.7M
Q4 24
$591.0M
$494.5M
Q3 24
$521.2M
Q2 24
$869.2M
Free Cash Flow
GRAB
GRAB
TAP
TAP
Q1 26
$-212.9M
Q4 25
$357.8M
Q3 25
$483.0M
Q2 25
$555.0M
Q1 25
$-328.0M
Q4 24
$383.4M
Q3 24
$350.4M
Q2 24
$691.7M
FCF Margin
GRAB
GRAB
TAP
TAP
Q1 26
-7.8%
Q4 25
11.4%
Q3 25
13.9%
Q2 25
14.8%
Q1 25
-12.2%
Q4 24
11.8%
Q3 24
9.7%
Q2 24
18.0%
Capex Intensity
GRAB
GRAB
TAP
TAP
Q1 26
Q4 25
5.9%
Q3 25
3.8%
Q2 25
4.4%
Q1 25
8.8%
Q4 24
3.4%
Q3 24
4.7%
Q2 24
4.6%
Cash Conversion
GRAB
GRAB
TAP
TAP
Q1 26
Q4 25
2.27×
Q3 25
Q2 25
1.68×
Q1 25
-0.75×
Q4 24
22.73×
1.72×
Q3 24
2.61×
Q2 24
2.04×

Financial Flow Comparison

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

Related Comparisons