vs
Side-by-side financial comparison of Invesco (IVZ) and RH (RH). Click either name above to swap in a different company.
Invesco is the larger business by last-quarter revenue ($1.7B vs $883.8M, roughly 1.9× RH). RH runs the higher net margin — 4.1% vs -58.9%, a 63.0% gap on every dollar of revenue. On growth, RH posted the faster year-over-year revenue change (8.9% vs 6.2%). Invesco produced more free cash flow last quarter ($432.2M vs $83.0M). Over the past eight quarters, RH's revenue compounded faster (9.4% CAGR vs 7.1%).
Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
IVZ vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.7B | $883.8M |
| Net Profit | $-995.9M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | -86.2% | 12.0% |
| Net Margin | -58.9% | 4.1% |
| Revenue YoY | 6.2% | 8.9% |
| Net Profit YoY | -575.8% | 9.3% |
| EPS (diluted) | $-2.61 | $1.83 |
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.
| Q4 25 | $1.7B | $883.8M | ||
| Q3 25 | $1.6B | $899.2M | ||
| Q2 25 | $1.5B | $814.0M | ||
| Q1 25 | $1.5B | $812.4M | ||
| Q4 24 | $1.6B | $811.7M | ||
| Q3 24 | $1.5B | $829.7M | ||
| Q2 24 | $1.5B | $727.0M | ||
| Q1 24 | $1.5B | $738.3M |
| Q4 25 | $-995.9M | $36.3M | ||
| Q3 25 | $356.4M | $51.7M | ||
| Q2 25 | $197.4M | $8.0M | ||
| Q1 25 | $171.1M | $13.9M | ||
| Q4 24 | $209.3M | $33.2M | ||
| Q3 24 | $55.0M | $29.0M | ||
| Q2 24 | $132.2M | $-3.6M | ||
| Q1 24 | $141.5M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | -86.2% | 12.0% | ||
| Q3 25 | 16.5% | 14.3% | ||
| Q2 25 | 14.1% | 6.9% | ||
| Q1 25 | 18.1% | 8.7% | ||
| Q4 24 | 19.6% | 12.5% | ||
| Q3 24 | 6.6% | 11.6% | ||
| Q2 24 | 13.9% | 7.5% | ||
| Q1 24 | 14.4% | 8.7% |
| Q4 25 | -58.9% | 4.1% | ||
| Q3 25 | 21.7% | 5.8% | ||
| Q2 25 | 13.0% | 1.0% | ||
| Q1 25 | 11.2% | 1.7% | ||
| Q4 24 | 13.1% | 4.1% | ||
| Q3 24 | 3.6% | 3.5% | ||
| Q2 24 | 8.9% | -0.5% | ||
| Q1 24 | 9.6% | 1.5% |
| Q4 25 | $-2.61 | $1.83 | ||
| Q3 25 | $0.66 | $2.62 | ||
| Q2 25 | $-0.03 | $0.40 | ||
| Q1 25 | $0.38 | $0.71 | ||
| Q4 24 | $0.46 | $1.66 | ||
| Q3 24 | $0.12 | $1.45 | ||
| Q2 24 | $0.29 | $-0.20 | ||
| Q1 24 | $0.31 | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $43.1M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $12.2B | $3.3M |
| Total Assets | $27.1B | $4.8B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $43.1M | ||
| Q3 25 | $973.1M | $34.6M | ||
| Q2 25 | $922.7M | $46.1M | ||
| Q1 25 | $821.7M | $30.4M | ||
| Q4 24 | $986.5M | $87.0M | ||
| Q3 24 | $1.0B | $78.3M | ||
| Q2 24 | $878.5M | $101.8M | ||
| Q1 24 | $895.7M | $123.7M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | $1.6B | — | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $964.8M | — | ||
| Q4 24 | $890.6M | — | ||
| Q3 24 | $890.3M | — | ||
| Q2 24 | $890.1M | — | ||
| Q1 24 | $1.3B | — |
| Q4 25 | $12.2B | $3.3M | ||
| Q3 25 | $14.0B | $-40.9M | ||
| Q2 25 | $13.9B | $-110.8M | ||
| Q1 25 | $14.7B | $-163.6M | ||
| Q4 24 | $14.6B | $-183.0M | ||
| Q3 24 | $14.8B | $-234.7M | ||
| Q2 24 | $14.6B | $-289.9M | ||
| Q1 24 | $14.6B | $-297.4M |
| Q4 25 | $27.1B | $4.8B | ||
| Q3 25 | $28.4B | $4.7B | ||
| Q2 25 | $28.5B | $4.7B | ||
| Q1 25 | $28.1B | $4.6B | ||
| Q4 24 | $27.0B | $4.5B | ||
| Q3 24 | $27.5B | $4.4B | ||
| Q2 24 | $27.2B | $4.2B | ||
| Q1 24 | $28.1B | $4.1B |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.14× | — | ||
| Q1 25 | 0.07× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.06× | — | ||
| Q1 24 | 0.09× | — |
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 | $455.8M | $131.9M |
| Free Cash FlowOCF − Capex | $432.2M | $83.0M |
| FCF MarginFCF / Revenue | 25.5% | 9.4% |
| Capex IntensityCapex / Revenue | 1.4% | 5.5% |
| Cash ConversionOCF / Net Profit | — | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $1.4B | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $455.8M | $131.9M | ||
| Q3 25 | $606.2M | $137.7M | ||
| Q2 25 | $547.9M | $86.6M | ||
| Q1 25 | $-84.6M | $-18.8M | ||
| Q4 24 | $316.9M | $-31.4M | ||
| Q3 24 | $438.4M | $11.2M | ||
| Q2 24 | $489.1M | $56.1M | ||
| Q1 24 | $-54.4M | $-114.0M |
| Q4 25 | $432.2M | $83.0M | ||
| Q3 25 | $586.4M | $80.7M | ||
| Q2 25 | $530.4M | $34.1M | ||
| Q1 25 | $-108.0M | $-69.7M | ||
| Q4 24 | $309.9M | $-96.0M | ||
| Q3 24 | $410.0M | $-37.9M | ||
| Q2 24 | $462.4M | $-10.1M | ||
| Q1 24 | $-75.4M | $-251.5M |
| Q4 25 | 25.5% | 9.4% | ||
| Q3 25 | 35.7% | 9.0% | ||
| Q2 25 | 35.0% | 4.2% | ||
| Q1 25 | -7.1% | -8.6% | ||
| Q4 24 | 19.5% | -11.8% | ||
| Q3 24 | 27.1% | -4.6% | ||
| Q2 24 | 31.2% | -1.4% | ||
| Q1 24 | -5.1% | -34.1% |
| Q4 25 | 1.4% | 5.5% | ||
| Q3 25 | 1.2% | 6.3% | ||
| Q2 25 | 1.2% | 6.5% | ||
| Q1 25 | 1.5% | 6.3% | ||
| Q4 24 | 0.4% | 8.0% | ||
| Q3 24 | 1.9% | 5.9% | ||
| Q2 24 | 1.8% | 9.1% | ||
| Q1 24 | 1.4% | 18.6% |
| Q4 25 | — | 3.64× | ||
| Q3 25 | 1.70× | 2.66× | ||
| Q2 25 | 2.78× | 10.78× | ||
| Q1 25 | -0.49× | -1.35× | ||
| Q4 24 | 1.51× | -0.95× | ||
| Q3 24 | 7.97× | 0.39× | ||
| Q2 24 | 3.70× | — | ||
| Q1 24 | -0.38× | -10.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IVZ
| Investment Advice | $1.2B | 73% |
| Distribution And Shareholder Service | $382.7M | 23% |
| Financial Service Other | $51.0M | 3% |
| Investment Performance | $28.9M | 2% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
