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Side-by-side financial comparison of Kyivstar Group Ltd. (KYIV) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

StubHub Holdings, Inc. is the larger business by last-quarter revenue ($468.1M vs $321.0M, roughly 1.5× Kyivstar Group Ltd.). Kyivstar Group Ltd. runs the higher net margin — 28.0% vs -276.6%, a 304.6% gap on every dollar of revenue. Kyivstar Group Ltd. produced more free cash flow last quarter ($311.0M vs $180.3M).

Kyivstar is a Ukrainian telecommunications operator offering fixed and mobile voice and data services, including 4G LTE, throughout Ukraine. The Kyivstar mobile network covers all cities of Ukraine, as well as more than 28,000 rural settlements, all major national and regional routes, most sea, and river coasts. As of 2024, Kyivstar served approximately 24 million mobile subscribers and over 1 million fixed-broadband customers. In 2024, Kyivstar partnered with Starlink to offer satellite-base...

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

KYIV vs STUB — Head-to-Head

Bigger by revenue
STUB
STUB
1.5× larger
STUB
$468.1M
$321.0M
KYIV
Higher net margin
KYIV
KYIV
304.6% more per $
KYIV
28.0%
-276.6%
STUB
More free cash flow
KYIV
KYIV
$130.7M more FCF
KYIV
$311.0M
$180.3M
STUB

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KYIV
KYIV
STUB
STUB
Revenue
$321.0M
$468.1M
Net Profit
$90.0M
$-1.3B
Gross Margin
Operating Margin
35.5%
-292.3%
Net Margin
28.0%
-276.6%
Revenue YoY
7.9%
Net Profit YoY
-3821.6%
EPS (diluted)
$0.41
$-4.27

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
KYIV
KYIV
STUB
STUB
Q4 25
$321.0M
Q3 25
$297.0M
$468.1M
Q3 24
$433.8M
Net Profit
KYIV
KYIV
STUB
STUB
Q4 25
$90.0M
Q3 25
$-89.0M
$-1.3B
Q3 24
$-33.0M
Gross Margin
KYIV
KYIV
STUB
STUB
Q4 25
Q3 25
45.5%
Q3 24
Operating Margin
KYIV
KYIV
STUB
STUB
Q4 25
35.5%
Q3 25
-16.2%
-292.3%
Q3 24
2.8%
Net Margin
KYIV
KYIV
STUB
STUB
Q4 25
28.0%
Q3 25
-30.0%
-276.6%
Q3 24
-7.6%
EPS (diluted)
KYIV
KYIV
STUB
STUB
Q4 25
$0.41
Q3 25
$-0.41
$-4.27
Q3 24
$-0.15

Balance Sheet & Financial Strength

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

Metric
KYIV
KYIV
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$455.0M
$1.4B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$1.3B
$1.7B
Total Assets
$2.1B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KYIV
KYIV
STUB
STUB
Q4 25
$455.0M
Q3 25
$472.0M
$1.4B
Q3 24
$1.1B
Total Debt
KYIV
KYIV
STUB
STUB
Q4 25
Q3 25
$1.7B
Q3 24
Stockholders' Equity
KYIV
KYIV
STUB
STUB
Q4 25
$1.3B
Q3 25
$1.2B
$1.7B
Q3 24
$815.9M
Total Assets
KYIV
KYIV
STUB
STUB
Q4 25
$2.1B
Q3 25
$2.0B
$5.6B
Q3 24
Debt / Equity
KYIV
KYIV
STUB
STUB
Q4 25
Q3 25
0.98×
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
KYIV
KYIV
STUB
STUB
Operating Cash FlowLast quarter
$558.0M
$181.4M
Free Cash FlowOCF − Capex
$311.0M
$180.3M
FCF MarginFCF / Revenue
96.9%
38.5%
Capex IntensityCapex / Revenue
76.9%
0.2%
Cash ConversionOCF / Net Profit
6.20×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KYIV
KYIV
STUB
STUB
Q4 25
$558.0M
Q3 25
$406.0M
$181.4M
Q3 24
Free Cash Flow
KYIV
KYIV
STUB
STUB
Q4 25
$311.0M
Q3 25
$250.0M
$180.3M
Q3 24
FCF Margin
KYIV
KYIV
STUB
STUB
Q4 25
96.9%
Q3 25
84.2%
38.5%
Q3 24
Capex Intensity
KYIV
KYIV
STUB
STUB
Q4 25
76.9%
Q3 25
52.5%
0.2%
Q3 24
Cash Conversion
KYIV
KYIV
STUB
STUB
Q4 25
6.20×
Q3 25
Q3 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

KYIV
KYIV

Segment breakdown not available.

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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