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Side-by-side financial comparison of Lineage, Inc. (LINE) and PACS Group, Inc. (PACS). Click either name above to swap in a different company.
Lineage, Inc. is the larger business by last-quarter revenue ($1.4B vs $1.4B, roughly 1.0× PACS Group, Inc.). PACS Group, Inc. runs the higher net margin — 4.4% vs -7.3%, a 11.7% gap on every dollar of revenue. On growth, PACS Group, Inc. posted the faster year-over-year revenue change (18.4% vs 3.1%).
Norwegian Cruise Line Holdings (NCLH) is a holding company that is based in the United States and domiciled in Bermuda. It operates three cruise lines as wholly owned subsidiaries: Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises. With its subsidiaries combined, it is the third-largest cruise operator in the world. It is a publicly traded company listed on the New York Stock Exchange.
LINE vs PACS — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $1.4B |
| Net Profit | $-100.0M | $59.7M |
| Gross Margin | 32.3% | — |
| Operating Margin | 2.5% | 7.0% |
| Net Margin | -7.3% | 4.4% |
| Revenue YoY | 3.1% | 18.4% |
| Net Profit YoY | 79.4% | 3022.5% |
| EPS (diluted) | $-0.44 | $0.42 |
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 | — | $1.4B | ||
| Q3 25 | $1.4B | $1.3B | ||
| Q2 25 | $1.4B | $1.3B | ||
| Q1 25 | $1.3B | $1.3B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.3B | $981.4M | ||
| Q1 24 | $1.3B | $934.3M |
| Q4 25 | — | $59.7M | ||
| Q3 25 | $-100.0M | $52.4M | ||
| Q2 25 | $-6.0M | $51.0M | ||
| Q1 25 | $0 | $28.5M | ||
| Q4 24 | $-71.0M | $1.9M | ||
| Q3 24 | $-485.0M | $15.6M | ||
| Q2 24 | $-68.0M | $-10.9M | ||
| Q1 24 | $-40.0M | $49.1M |
| Q4 25 | — | — | ||
| Q3 25 | 32.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 32.2% | — | ||
| Q4 24 | 32.3% | — | ||
| Q3 24 | 32.8% | 17.1% | ||
| Q2 24 | 33.4% | 22.3% | ||
| Q1 24 | 33.4% | 21.2% |
| Q4 25 | — | 7.0% | ||
| Q3 25 | 2.5% | 6.4% | ||
| Q2 25 | 1.7% | 6.2% | ||
| Q1 25 | 4.3% | 3.8% | ||
| Q4 24 | -1.6% | 1.7% | ||
| Q3 24 | -38.6% | 2.2% | ||
| Q2 24 | 5.5% | 0.1% | ||
| Q1 24 | 7.6% | 8.6% |
| Q4 25 | — | 4.4% | ||
| Q3 25 | -7.3% | 3.9% | ||
| Q2 25 | -0.4% | 3.9% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | -5.3% | 0.2% | ||
| Q3 24 | -36.3% | 1.5% | ||
| Q2 24 | -5.1% | -1.1% | ||
| Q1 24 | -3.0% | 5.3% |
| Q4 25 | — | $0.42 | ||
| Q3 25 | $-0.44 | $0.32 | ||
| Q2 25 | $-0.03 | $0.31 | ||
| Q1 25 | $0.01 | $0.17 | ||
| Q4 24 | $-0.52 | $-0.03 | ||
| Q3 24 | $-2.44 | $0.10 | ||
| Q2 24 | $-0.46 | $-0.07 | ||
| Q1 24 | $-0.28 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $197.0M |
| Total DebtLower is stronger | — | $353.2M |
| Stockholders' EquityBook value | $8.4B | $946.8M |
| Total Assets | $19.2B | $5.6B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $197.0M | ||
| Q3 25 | — | $355.7M | ||
| Q2 25 | — | $294.2M | ||
| Q1 25 | — | $287.5M | ||
| Q4 24 | $173.0M | $157.7M | ||
| Q3 24 | $409.0M | $49.5M | ||
| Q2 24 | $73.0M | $73.4M | ||
| Q1 24 | — | $81.2M |
| Q4 25 | — | $353.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $411.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $946.8M | ||
| Q3 25 | $8.4B | $871.3M | ||
| Q2 25 | $8.6B | $806.8M | ||
| Q1 25 | $8.6B | $750.2M | ||
| Q4 24 | $8.6B | $709.6M | ||
| Q3 24 | $9.0B | $660.0M | ||
| Q2 24 | $4.9B | $572.1M | ||
| Q1 24 | $5.6B | $128.0M |
| Q4 25 | — | $5.6B | ||
| Q3 25 | $19.2B | $5.6B | ||
| Q2 25 | $19.4B | $5.5B | ||
| Q1 25 | $18.8B | $5.5B | ||
| Q4 24 | $18.7B | $5.2B | ||
| Q3 24 | $19.3B | $4.5B | ||
| Q2 24 | $18.8B | $3.9B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.58× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $230.0M | $-3.4M |
| Free Cash FlowOCF − Capex | $35.0M | — |
| FCF MarginFCF / Revenue | 2.5% | — |
| Capex IntensityCapex / Revenue | 14.2% | — |
| Cash ConversionOCF / Net Profit | — | -0.06× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.4M | ||
| Q3 25 | $230.0M | $204.8M | ||
| Q2 25 | $258.0M | $52.6M | ||
| Q1 25 | $139.0M | $150.2M | ||
| Q4 24 | — | $64.6M | ||
| Q3 24 | $186.0M | $209.2M | ||
| Q2 24 | $155.0M | $34.8M | ||
| Q1 24 | $105.0M | $58.8M |
| Q4 25 | — | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $-12.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $33.0M | — | ||
| Q2 24 | $-31.0M | — | ||
| Q1 24 | $-42.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | 2.5% | — | ||
| Q2 25 | 7.0% | — | ||
| Q1 25 | -0.9% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | -2.3% | — | ||
| Q1 24 | -3.2% | — |
| Q4 25 | — | — | ||
| Q3 25 | 14.2% | — | ||
| Q2 25 | 12.1% | — | ||
| Q1 25 | 11.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.5% | — | ||
| Q2 24 | 13.9% | — | ||
| Q1 24 | 11.1% | — |
| Q4 25 | — | -0.06× | ||
| Q3 25 | — | 3.91× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 5.28× | ||
| Q4 24 | — | 33.78× | ||
| Q3 24 | — | 13.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LINE
| Warehousing Operations | $883.0M | 64% |
| Other | $308.0M | 22% |
| Warehouse Lease | $60.0M | 4% |
| Food Sales | $52.0M | 4% |
| E Commerce And Other | $46.0M | 3% |
| Railcar Lease | $23.0M | 2% |
| Service Other | $5.0M | 0% |
PACS
Segment breakdown not available.
