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Side-by-side financial comparison of HSBC HOLDINGS PLC (HSBC) and JBS N.V. (JBS). Click either name above to swap in a different company.
HSBC HOLDINGS PLC is the larger business by last-quarter revenue ($28.6B vs $22.6B, roughly 1.3× JBS N.V.). HSBC HOLDINGS PLC runs the higher net margin — 25.7% vs 2.9%, a 22.8% gap on every dollar of revenue. HSBC HOLDINGS PLC produced more free cash flow last quarter ($64.0B vs $-264.6M).
HSBC Holdings plc is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint. It is the largest Europe-based bank by total assets, ahead of BNP Paribas, with US$3.098 trillion as of September 2024. This also puts it as the 7th largest bank in the world by total assets behind Bank of America, and the 3rd largest non-state owned bank in the world.
JBS N.V. is a Brazilian multinational company that is the largest meat processing enterprise in the world, producing factory processed beef, chicken, salmon, sheep, pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anápolis, Goiás.
HSBC vs JBS — Head-to-Head
Income Statement — Q4 FY2024 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.6B | $22.6B |
| Net Profit | $7.3B | $644.1M |
| Gross Margin | — | 13.2% |
| Operating Margin | 33.1% | 5.4% |
| Net Margin | 25.7% | 2.9% |
| Revenue YoY | — | 13.4% |
| Net Profit YoY | — | -14.9% |
| EPS (diluted) | $0.36 | $0.52 |
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.
| Q3 25 | — | $22.6B | ||
| Q1 25 | $28.6B | — | ||
| Q3 24 | — | $19.9B |
| Q3 25 | — | $644.1M | ||
| Q1 25 | $7.3B | — | ||
| Q3 24 | — | $756.6M |
| Q3 25 | — | 13.2% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | 16.5% |
| Q3 25 | — | 5.4% | ||
| Q1 25 | 33.1% | — | ||
| Q3 24 | — | 7.8% |
| Q3 25 | — | 2.9% | ||
| Q1 25 | 25.7% | — | ||
| Q3 24 | — | 3.8% |
| Q3 25 | — | $0.52 | ||
| Q1 25 | $0.36 | — | ||
| Q3 24 | — | $0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $434.9B | $485.5B |
| Total DebtLower is stronger | — | $213.0M |
| Stockholders' EquityBook value | $192.3B | $9.5B |
| Total Assets | $3017.0B | $44.2B |
| Debt / EquityLower = less leverage | — | 0.02× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $485.5B | ||
| Q1 25 | $434.9B | — | ||
| Q3 24 | — | $5.1B |
| Q3 25 | — | $213.0M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — |
| Q3 25 | — | $9.5B | ||
| Q1 25 | $192.3B | — | ||
| Q3 24 | — | $9.5B |
| Q3 25 | — | $44.2B | ||
| Q1 25 | $3017.0B | — | ||
| Q3 24 | — | — |
| Q3 25 | — | 0.02× | ||
| Q1 25 | — | — | ||
| 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 | $65.3B | $996.4M |
| Free Cash FlowOCF − Capex | $64.0B | $-264.6M |
| FCF MarginFCF / Revenue | 223.9% | -1.2% |
| Capex IntensityCapex / Revenue | 4.7% | 5.6% |
| Cash ConversionOCF / Net Profit | 8.90× | 1.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $996.4M | ||
| Q1 25 | $65.3B | — | ||
| Q3 24 | — | — |
| Q3 25 | — | $-264.6M | ||
| Q1 25 | $64.0B | — | ||
| Q3 24 | — | — |
| Q3 25 | — | -1.2% | ||
| Q1 25 | 223.9% | — | ||
| Q3 24 | — | — |
| Q3 25 | — | 5.6% | ||
| Q1 25 | 4.7% | — | ||
| Q3 24 | — | — |
| Q3 25 | — | 1.55× | ||
| Q1 25 | 8.90× | — | ||
| Q3 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
