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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and PEGASYSTEMS INC (PEGA). Click either name above to swap in a different company.
PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $300.5M, roughly 1.4× Hilltop Holdings Inc.). Hilltop Holdings Inc. runs the higher net margin — 13.0% vs 7.6%, a 5.4% gap on every dollar of revenue. Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.
HTH vs PEGA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $430.0M |
| Net Profit | $39.0M | $32.8M |
| Gross Margin | — | 75.2% |
| Operating Margin | — | 8.6% |
| Net Margin | 13.0% | 7.6% |
| Revenue YoY | — | -9.6% |
| Net Profit YoY | -12.4% | — |
| EPS (diluted) | $0.64 | $0.18 |
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 | $300.5M | $430.0M | ||
| Q4 25 | $329.9M | $504.3M | ||
| Q3 25 | $330.2M | $381.4M | ||
| Q2 25 | $303.3M | $384.5M | ||
| Q1 25 | $318.5M | $475.6M | ||
| Q4 24 | $301.1M | $490.8M | ||
| Q3 24 | $305.5M | $325.1M | ||
| Q2 24 | $297.0M | $351.2M |
| Q1 26 | $39.0M | $32.8M | ||
| Q4 25 | $41.6M | $234.6M | ||
| Q3 25 | $45.8M | $43.4M | ||
| Q2 25 | $36.1M | $30.1M | ||
| Q1 25 | $42.1M | $85.4M | ||
| Q4 24 | $35.5M | $119.1M | ||
| Q3 24 | $29.7M | $-14.4M | ||
| Q2 24 | $20.3M | $6.6M |
| Q1 26 | — | 75.2% | ||
| Q4 25 | — | 79.5% | ||
| Q3 25 | — | 72.2% | ||
| Q2 25 | — | 71.5% | ||
| Q1 25 | — | 78.5% | ||
| Q4 24 | — | 79.1% | ||
| Q3 24 | — | 70.2% | ||
| Q2 24 | — | 72.4% |
| Q1 26 | — | 8.6% | ||
| Q4 25 | 16.1% | 20.7% | ||
| Q3 25 | 18.4% | 3.8% | ||
| Q2 25 | 16.3% | 4.5% | ||
| Q1 25 | 18.1% | 26.7% | ||
| Q4 24 | 14.7% | 29.1% | ||
| Q3 24 | 13.9% | -3.6% | ||
| Q2 24 | 10.0% | 3.7% |
| Q1 26 | 13.0% | 7.6% | ||
| Q4 25 | 12.6% | 46.5% | ||
| Q3 25 | 13.9% | 11.4% | ||
| Q2 25 | 11.9% | 7.8% | ||
| Q1 25 | 13.2% | 18.0% | ||
| Q4 24 | 11.8% | 24.3% | ||
| Q3 24 | 9.7% | -4.4% | ||
| Q2 24 | 6.8% | 1.9% |
| Q1 26 | $0.64 | $0.18 | ||
| Q4 25 | $0.68 | $0.81 | ||
| Q3 25 | $0.74 | $0.24 | ||
| Q2 25 | $0.57 | $0.17 | ||
| Q1 25 | $0.65 | $0.91 | ||
| Q4 24 | $0.55 | $1.35 | ||
| Q3 24 | $0.46 | $-0.17 | ||
| Q2 24 | $0.31 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $270.0M |
| Total DebtLower is stronger | $990.8M | — |
| Stockholders' EquityBook value | $2.2B | $705.9M |
| Total Assets | $15.7B | $1.6B |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $270.0M | ||
| Q4 25 | — | $425.8M | ||
| Q3 25 | — | $351.4M | ||
| Q2 25 | — | $411.6M | ||
| Q1 25 | — | $371.7M | ||
| Q4 24 | — | $740.0M | ||
| Q3 24 | — | $703.0M | ||
| Q2 24 | — | $665.1M |
| Q1 26 | $990.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.2B | $705.9M | ||
| Q4 25 | $2.2B | $787.4M | ||
| Q3 25 | $2.2B | $596.8M | ||
| Q2 25 | $2.2B | $624.5M | ||
| Q1 25 | $2.2B | $611.3M | ||
| Q4 24 | $2.2B | $585.5M | ||
| Q3 24 | $2.2B | $473.0M | ||
| Q2 24 | $2.1B | $435.4M |
| Q1 26 | $15.7B | $1.6B | ||
| Q4 25 | $15.8B | $1.6B | ||
| Q3 25 | $15.6B | $1.3B | ||
| Q2 25 | $15.4B | $1.3B | ||
| Q1 25 | $15.8B | $1.3B | ||
| Q4 24 | $16.3B | $1.8B | ||
| Q3 24 | $15.9B | $1.6B | ||
| Q2 24 | $15.6B | $1.5B |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | — | — |
| Free Cash FlowOCF − Capex | — | $206.5M |
| FCF MarginFCF / Revenue | — | 48.0% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $494.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-38.7M | $158.4M | ||
| Q3 25 | $273.0M | $56.3M | ||
| Q2 25 | $-234.6M | $86.3M | ||
| Q1 25 | $5.8M | $204.2M | ||
| Q4 24 | $273.9M | $95.2M | ||
| Q3 24 | $515.6M | $30.5M | ||
| Q2 24 | $-435.3M | $40.1M |
| Q1 26 | — | $206.5M | ||
| Q4 25 | $-55.5M | $152.4M | ||
| Q3 25 | $271.0M | $51.8M | ||
| Q2 25 | $-234.6M | $84.1M | ||
| Q1 25 | $5.0M | $202.3M | ||
| Q4 24 | $266.8M | $92.4M | ||
| Q3 24 | $513.8M | $27.4M | ||
| Q2 24 | $-437.3M | $38.8M |
| Q1 26 | — | 48.0% | ||
| Q4 25 | -16.8% | 30.2% | ||
| Q3 25 | 82.1% | 13.6% | ||
| Q2 25 | -77.4% | 21.9% | ||
| Q1 25 | 1.6% | 42.5% | ||
| Q4 24 | 88.6% | 18.8% | ||
| Q3 24 | 168.2% | 8.4% | ||
| Q2 24 | -147.2% | 11.1% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 1.2% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | 0.0% | 0.6% | ||
| Q1 25 | 0.3% | 0.4% | ||
| Q4 24 | 2.4% | 0.6% | ||
| Q3 24 | 0.6% | 0.9% | ||
| Q2 24 | 0.7% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | 0.68× | ||
| Q3 25 | 5.96× | 1.30× | ||
| Q2 25 | -6.50× | 2.87× | ||
| Q1 25 | 0.14× | 2.39× | ||
| Q4 24 | 7.71× | 0.80× | ||
| Q3 24 | 17.36× | — | ||
| Q2 24 | -21.41× | 6.06× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
PEGA
| Pega Cloud | $205.0M | 48% |
| Subscription license | $94.9M | 22% |
| Maintenance | $75.3M | 18% |
| Consulting | $54.8M | 13% |
