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Side-by-side financial comparison of Liberty Global Ltd. (LBTYA) and Royalty Pharma plc (RPRX). Click either name above to swap in a different company.

Liberty Global Ltd. is the larger business by last-quarter revenue ($1.2B vs $622.0M, roughly 2.0× Royalty Pharma plc). Royalty Pharma plc runs the higher net margin — 34.4% vs -237.0%, a 271.4% gap on every dollar of revenue. On growth, Liberty Global Ltd. posted the faster year-over-year revenue change (187.2% vs 4.8%). Over the past eight quarters, Royalty Pharma plc's revenue compounded faster (4.6% CAGR vs -20.4%).

Liberty Global Ltd. is a British-Dutch-American multinational telecommunications company domiciled in Bermuda, with headquarters in London, Amsterdam and Denver. Its respective legal names are Liberty Global Holdings Limited (UK), Liberty Global B.V. (Netherlands) and Liberty Global, Inc., with the first of these being publicly traded. It was formed in 2005 by the merger of the international arm of Liberty Media and UnitedGlobalCom (UGC).

Acceleron Pharma, Inc. is an American clinical stage biopharmaceutical company based in Cambridge, Massachusetts with a broad focus on developing medicines that regulate the transforming growth factor beta (TGF-β) superfamily of proteins, which play fundamental roles in the growth and repair of cells and tissues such as red blood cells, muscle, bone, and blood vessels.

LBTYA vs RPRX — Head-to-Head

Bigger by revenue
LBTYA
LBTYA
2.0× larger
LBTYA
$1.2B
$622.0M
RPRX
Growing faster (revenue YoY)
LBTYA
LBTYA
+182.4% gap
LBTYA
187.2%
4.8%
RPRX
Higher net margin
RPRX
RPRX
271.4% more per $
RPRX
34.4%
-237.0%
LBTYA
Faster 2-yr revenue CAGR
RPRX
RPRX
Annualised
RPRX
4.6%
-20.4%
LBTYA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LBTYA
LBTYA
RPRX
RPRX
Revenue
$1.2B
$622.0M
Net Profit
$-2.9B
$214.2M
Gross Margin
66.8%
Operating Margin
-8.6%
62.4%
Net Margin
-237.0%
34.4%
Revenue YoY
187.2%
4.8%
Net Profit YoY
-230.0%
2.9%
EPS (diluted)
$-8.66
$0.49

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
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$1.2B
$622.0M
Q3 25
$1.2B
$609.3M
Q2 25
$1.3B
$578.7M
Q1 25
$1.2B
$568.2M
Q4 24
$-1.4B
$593.6M
Q3 24
$1.9B
$564.7M
Q2 24
$1.9B
$537.3M
Q1 24
$1.9B
$568.0M
Net Profit
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$-2.9B
$214.2M
Q3 25
$-90.7M
$288.2M
Q2 25
$-2.8B
$30.2M
Q1 25
$-1.3B
$238.3M
Q4 24
$2.2B
$208.2M
Q3 24
$-1.4B
$544.0M
Q2 24
$268.1M
$102.0M
Q1 24
$510.0M
$4.8M
Gross Margin
LBTYA
LBTYA
RPRX
RPRX
Q4 25
66.8%
Q3 25
67.5%
Q2 25
63.3%
Q1 25
65.6%
Q4 24
Q3 24
69.4%
Q2 24
68.5%
Q1 24
65.4%
Operating Margin
LBTYA
LBTYA
RPRX
RPRX
Q4 25
-8.6%
62.4%
Q3 25
-0.7%
70.1%
Q2 25
2.3%
36.3%
Q1 25
5.2%
94.0%
Q4 24
60.9%
Q3 24
5.2%
Q2 24
1.0%
50.2%
Q1 24
1.2%
-13.0%
Net Margin
LBTYA
LBTYA
RPRX
RPRX
Q4 25
-237.0%
34.4%
Q3 25
-7.5%
47.3%
Q2 25
-220.1%
5.2%
Q1 25
-114.2%
41.9%
Q4 24
-158.9%
35.1%
Q3 24
-74.1%
96.3%
Q2 24
14.3%
19.0%
Q1 24
26.2%
0.8%
EPS (diluted)
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$-8.66
$0.49
Q3 25
$-0.27
$0.67
Q2 25
$-8.09
$0.07
Q1 25
$-3.84
$0.55
Q4 24
$6.15
$0.46
Q3 24
$-3.95
$1.21
Q2 24
$0.71
$0.23
Q1 24
$1.32
$0.01

Balance Sheet & Financial Strength

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

Metric
LBTYA
LBTYA
RPRX
RPRX
Cash + ST InvestmentsLiquidity on hand
$2.2B
$618.7M
Total DebtLower is stronger
$7.8B
$9.0B
Stockholders' EquityBook value
$9.7B
$9.7B
Total Assets
$22.6B
$19.6B
Debt / EquityLower = less leverage
0.80×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$2.2B
$618.7M
Q3 25
$1.7B
$938.9M
Q2 25
$3.1B
$631.9M
Q1 25
$2.0B
$1.1B
Q4 24
$2.2B
$929.0M
Q3 24
$3.3B
$950.1M
Q2 24
$3.2B
$1.8B
Q1 24
$2.8B
$843.0M
Total Debt
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$7.8B
$9.0B
Q3 25
$7.8B
$8.9B
Q2 25
$7.8B
$8.0B
Q1 25
$8.2B
$7.6B
Q4 24
$8.2B
$7.6B
Q3 24
$14.9B
$7.6B
Q2 24
$14.7B
$7.6B
Q1 24
$14.8B
$6.1B
Stockholders' Equity
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$9.7B
$9.7B
Q3 25
$12.7B
$9.6B
Q2 25
$13.0B
$9.5B
Q1 25
$12.6B
$9.8B
Q4 24
$12.4B
$10.3B
Q3 24
$18.7B
$10.3B
Q2 24
$18.3B
$9.8B
Q1 24
$18.4B
$9.9B
Total Assets
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$22.6B
$19.6B
Q3 25
$25.4B
$19.3B
Q2 25
$27.2B
$18.3B
Q1 25
$26.0B
$17.6B
Q4 24
$25.4B
$18.2B
Q3 24
$41.8B
$18.0B
Q2 24
$40.8B
$17.7B
Q1 24
$40.6B
$16.1B
Debt / Equity
LBTYA
LBTYA
RPRX
RPRX
Q4 25
0.80×
0.92×
Q3 25
0.61×
0.93×
Q2 25
0.60×
0.84×
Q1 25
0.65×
0.78×
Q4 24
0.66×
0.74×
Q3 24
0.80×
0.74×
Q2 24
0.80×
0.78×
Q1 24
0.80×
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LBTYA
LBTYA
RPRX
RPRX
Operating Cash FlowLast quarter
$630.9M
$827.1M
Free Cash FlowOCF − Capex
$193.3M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
35.5%
Cash ConversionOCF / Net Profit
3.86×
TTM Free Cash FlowTrailing 4 quarters
$-132.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$630.9M
$827.1M
Q3 25
$301.8M
$702.6M
Q2 25
$149.2M
$364.0M
Q1 25
$129.2M
$596.1M
Q4 24
$791.6M
$742.5M
Q3 24
$449.5M
$703.6M
Q2 24
$546.1M
$658.2M
Q1 24
$245.7M
$664.6M
Free Cash Flow
LBTYA
LBTYA
RPRX
RPRX
Q4 25
$193.3M
Q3 25
$-41.1M
Q2 25
$-170.1M
Q1 25
$-114.1M
Q4 24
$712.9M
Q3 24
$102.4M
Q2 24
$256.8M
Q1 24
$-105.1M
FCF Margin
LBTYA
LBTYA
RPRX
RPRX
Q4 25
15.7%
Q3 25
-3.4%
Q2 25
-13.4%
Q1 25
-9.7%
Q4 24
-50.5%
Q3 24
5.3%
Q2 24
13.7%
Q1 24
-5.4%
Capex Intensity
LBTYA
LBTYA
RPRX
RPRX
Q4 25
35.5%
Q3 25
28.4%
Q2 25
25.2%
Q1 25
20.8%
Q4 24
-5.6%
Q3 24
17.9%
Q2 24
15.4%
Q1 24
18.0%
Cash Conversion
LBTYA
LBTYA
RPRX
RPRX
Q4 25
3.86×
Q3 25
2.44×
Q2 25
12.06×
Q1 25
2.50×
Q4 24
0.35×
3.57×
Q3 24
1.29×
Q2 24
2.04×
6.45×
Q1 24
0.48×
139.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LBTYA
LBTYA

Segment breakdown not available.

RPRX
RPRX

Financial Royalty Assets$592.4M95%
Royalty Income Other$29.6M5%

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