vs
Side-by-side financial comparison of HSBC HOLDINGS PLC (HSBC) and PETROBRAS - PETROLEO BRASILEIRO SA (PBR). Click either name above to swap in a different company.
HSBC HOLDINGS PLC is the larger business by last-quarter revenue ($28.6B vs $21.0B, roughly 1.4× PETROBRAS - PETROLEO BRASILEIRO SA). HSBC HOLDINGS PLC runs the higher net margin — 25.7% vs 22.6%, a 3.1% gap on every dollar of revenue.
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.
Petróleo Brasileiro S.A., better known by and trading as the portmanteau Petrobras, is a Brazilian majority state-owned multinational corporation in the petroleum industry, which is headquartered in Rio de Janeiro. The company's name translates to Brazilian Petroleum Corporation.
HSBC vs PBR — Head-to-Head
Income Statement — Q4 FY2024 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.6B | $21.0B |
| Net Profit | $7.3B | $4.8B |
| Gross Margin | — | 47.6% |
| Operating Margin | 33.1% | 25.4% |
| Net Margin | 25.7% | 22.6% |
| Revenue YoY | — | -10.4% |
| Net Profit YoY | — | 1563.7% |
| EPS (diluted) | $0.36 | $0.37 |
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.
| Q2 25 | — | $21.0B | ||
| Q1 25 | $28.6B | — | ||
| Q2 24 | — | $23.5B | ||
| Q2 23 | — | $23.0B | ||
| Q2 22 | — | $34.7B |
| Q2 25 | — | $4.8B | ||
| Q1 25 | $7.3B | — | ||
| Q2 24 | — | $-325.0M | ||
| Q2 23 | — | $5.9B | ||
| Q2 22 | — | $11.0B |
| Q2 25 | — | 47.6% | ||
| Q1 25 | — | — | ||
| Q2 24 | — | 50.0% | ||
| Q2 23 | — | 50.6% | ||
| Q2 22 | — | 56.1% |
| Q2 25 | — | 25.4% | ||
| Q1 25 | 33.1% | — | ||
| Q2 24 | — | 28.6% | ||
| Q2 23 | — | 36.9% | ||
| Q2 22 | — | 56.4% |
| Q2 25 | — | 22.6% | ||
| Q1 25 | 25.7% | — | ||
| Q2 24 | — | -1.4% | ||
| Q2 23 | — | 25.5% | ||
| Q2 22 | — | 31.8% |
| Q2 25 | — | $0.37 | ||
| Q1 25 | $0.36 | — | ||
| Q2 24 | — | $-0.03 | ||
| Q2 23 | — | $0.45 | ||
| Q2 22 | — | — |
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 | $7.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $192.3B | $73.6B |
| Total Assets | $3017.0B | $215.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | — | $7.0B | ||
| Q1 25 | $434.9B | — | ||
| Q2 24 | — | $7.9B | ||
| Q2 23 | — | $10.4B | ||
| Q2 22 | — | $16.3B |
| Q2 25 | — | $73.6B | ||
| Q1 25 | $192.3B | — | ||
| Q2 24 | — | $67.6B | ||
| Q2 23 | — | $77.3B | ||
| Q2 22 | — | $78.8B |
| Q2 25 | — | $215.3B | ||
| Q1 25 | $3017.0B | — | ||
| Q2 24 | — | $190.4B | ||
| Q2 23 | — | $205.5B | ||
| Q2 22 | — | $191.8B |
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 | — |
| Free Cash FlowOCF − Capex | $64.0B | — |
| FCF MarginFCF / Revenue | 223.9% | — |
| Capex IntensityCapex / Revenue | 4.7% | — |
| Cash ConversionOCF / Net Profit | 8.90× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | — | — | ||
| Q1 25 | $65.3B | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q2 25 | — | — | ||
| Q1 25 | $64.0B | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q2 25 | — | — | ||
| Q1 25 | 223.9% | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q2 25 | — | — | ||
| Q1 25 | 4.7% | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q2 25 | — | — | ||
| Q1 25 | 8.90× | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
