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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and ManpowerGroup Inc. (MAN). Click either name above to swap in a different company.

LPL Financial Holdings Inc. is the larger business by last-quarter revenue ($4.9B vs $4.7B, roughly 1.0× ManpowerGroup Inc.). LPL Financial Holdings Inc. runs the higher net margin — 7.2% vs 0.6%, a 6.6% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 7.1%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 3.5%).

LPL Financial Holdings Inc. was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, over US$1 trillion in advisory and brokerage assets, and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. LPL Financial has main offices in Boston, Fort Mill, Austin, and San Diego. The company is a member of FINRA and the SIPC.

ManpowerGroup is an American multinational corporation headquartered in Milwaukee, Wisconsin. Founded in 1948 by Elmer Winter and Aaron Scheinfeld, ManpowerGroup is the third-largest staffing firm in the world behind Swiss firm Adecco and Dutch firm Randstad NV. The company provides administrative & support services, professional services, and business services through its four primary brands: Manpower, Experis, Right Management, and ManpowerGroup Solutions.

LPLA vs MAN — Head-to-Head

Bigger by revenue
LPLA
LPLA
1.0× larger
LPLA
$4.9B
$4.7B
MAN
Growing faster (revenue YoY)
LPLA
LPLA
+27.4% gap
LPLA
34.6%
7.1%
MAN
Higher net margin
LPLA
LPLA
6.6% more per $
LPLA
7.2%
0.6%
MAN
Faster 2-yr revenue CAGR
LPLA
LPLA
Annualised
LPLA
29.8%
3.5%
MAN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LPLA
LPLA
MAN
MAN
Revenue
$4.9B
$4.7B
Net Profit
$356.4M
$30.2M
Gross Margin
32.3%
16.3%
Operating Margin
1.7%
Net Margin
7.2%
0.6%
Revenue YoY
34.6%
7.1%
Net Profit YoY
34.2%
EPS (diluted)
$4.43
$0.65

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
LPLA
LPLA
MAN
MAN
Q1 26
$4.9B
Q4 25
$4.9B
$4.7B
Q3 25
$4.6B
$4.6B
Q2 25
$3.8B
$4.5B
Q1 25
$3.7B
$4.1B
Q4 24
$3.5B
$4.4B
Q3 24
$3.1B
$4.5B
Q2 24
$2.9B
$4.5B
Net Profit
LPLA
LPLA
MAN
MAN
Q1 26
$356.4M
Q4 25
$300.7M
$30.2M
Q3 25
$-29.5M
$18.0M
Q2 25
$273.2M
$-67.1M
Q1 25
$318.6M
$5.6M
Q4 24
$270.7M
$22.5M
Q3 24
$255.3M
$22.8M
Q2 24
$243.8M
$60.1M
Gross Margin
LPLA
LPLA
MAN
MAN
Q1 26
32.3%
Q4 25
16.3%
Q3 25
16.6%
Q2 25
16.9%
Q1 25
17.1%
Q4 24
17.2%
Q3 24
17.3%
Q2 24
17.4%
Operating Margin
LPLA
LPLA
MAN
MAN
Q1 26
Q4 25
8.1%
1.7%
Q3 25
-0.7%
1.4%
Q2 25
9.6%
-0.6%
Q1 25
11.4%
0.7%
Q4 24
9.7%
1.6%
Q3 24
11.2%
1.6%
Q2 24
11.3%
2.2%
Net Margin
LPLA
LPLA
MAN
MAN
Q1 26
7.2%
Q4 25
6.1%
0.6%
Q3 25
-0.6%
0.4%
Q2 25
7.1%
-1.5%
Q1 25
8.7%
0.1%
Q4 24
7.7%
0.5%
Q3 24
8.2%
0.5%
Q2 24
8.3%
1.3%
EPS (diluted)
LPLA
LPLA
MAN
MAN
Q1 26
$4.43
Q4 25
$3.65
$0.65
Q3 25
$-0.37
$0.38
Q2 25
$3.40
$-1.44
Q1 25
$4.24
$0.12
Q4 24
$3.58
$0.49
Q3 24
$3.39
$0.47
Q2 24
$3.23
$1.24

Balance Sheet & Financial Strength

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

Metric
LPLA
LPLA
MAN
MAN
Cash + ST InvestmentsLiquidity on hand
$1.0B
$871.0M
Total DebtLower is stronger
$1.1B
Stockholders' EquityBook value
$5.7B
$2.1B
Total Assets
$18.8B
$9.2B
Debt / EquityLower = less leverage
0.51×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPLA
LPLA
MAN
MAN
Q1 26
$1.0B
Q4 25
$1.1B
$871.0M
Q3 25
$1.6B
$274.6M
Q2 25
$4.3B
$289.8M
Q1 25
$1.4B
$395.0M
Q4 24
$1.0B
$509.4M
Q3 24
$1.6B
$410.9M
Q2 24
$1.4B
$468.9M
Total Debt
LPLA
LPLA
MAN
MAN
Q1 26
Q4 25
$7.3B
$1.1B
Q3 25
$7.5B
$468.3M
Q2 25
$7.2B
$470.3M
Q1 25
$5.7B
$971.4M
Q4 24
$5.5B
$929.4M
Q3 24
$4.4B
$999.7M
Q2 24
$4.4B
$961.7M
Stockholders' Equity
LPLA
LPLA
MAN
MAN
Q1 26
$5.7B
Q4 25
$5.3B
$2.1B
Q3 25
$5.0B
$2.0B
Q2 25
$5.1B
$2.0B
Q1 25
$3.1B
$2.1B
Q4 24
$2.9B
$2.1B
Q3 24
$2.8B
$2.2B
Q2 24
$2.5B
$2.1B
Total Assets
LPLA
LPLA
MAN
MAN
Q1 26
$18.8B
Q4 25
$18.5B
$9.2B
Q3 25
$18.0B
$8.4B
Q2 25
$17.5B
$8.5B
Q1 25
$14.0B
$8.0B
Q4 24
$13.3B
$8.2B
Q3 24
$11.9B
$8.5B
Q2 24
$11.5B
$8.5B
Debt / Equity
LPLA
LPLA
MAN
MAN
Q1 26
Q4 25
1.36×
0.51×
Q3 25
1.49×
0.23×
Q2 25
1.41×
0.24×
Q1 25
1.82×
0.46×
Q4 24
1.87×
0.44×
Q3 24
1.60×
0.46×
Q2 24
1.77×
0.45×

Cash Flow & Capital Efficiency

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

Metric
LPLA
LPLA
MAN
MAN
Operating Cash FlowLast quarter
$178.9M
Free Cash FlowOCF − Capex
$168.0M
FCF MarginFCF / Revenue
3.6%
Capex IntensityCapex / Revenue
0.0%
0.2%
Cash ConversionOCF / Net Profit
5.92×
TTM Free Cash FlowTrailing 4 quarters
$-161.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPLA
LPLA
MAN
MAN
Q1 26
Q4 25
$785.0M
$178.9M
Q3 25
$-1.7B
$59.8M
Q2 25
$193.3M
$-189.6M
Q1 25
$339.8M
$-153.2M
Q4 24
$-178.8M
$247.6M
Q3 24
$209.3M
$83.5M
Q2 24
$-178.9M
$-137.9M
Free Cash Flow
LPLA
LPLA
MAN
MAN
Q1 26
Q4 25
$613.3M
$168.0M
Q3 25
$-1.9B
$44.7M
Q2 25
$56.3M
$-207.2M
Q1 25
$220.3M
$-166.9M
Q4 24
$-344.3M
$236.3M
Q3 24
$62.3M
$67.4M
Q2 24
$-307.8M
$-149.8M
FCF Margin
LPLA
LPLA
MAN
MAN
Q1 26
Q4 25
12.4%
3.6%
Q3 25
-41.1%
1.0%
Q2 25
1.5%
-4.6%
Q1 25
6.0%
-4.1%
Q4 24
-9.8%
5.4%
Q3 24
2.0%
1.5%
Q2 24
-10.5%
-3.3%
Capex Intensity
LPLA
LPLA
MAN
MAN
Q1 26
0.0%
Q4 25
3.5%
0.2%
Q3 25
3.1%
0.3%
Q2 25
3.6%
0.4%
Q1 25
3.3%
0.3%
Q4 24
4.7%
0.3%
Q3 24
4.7%
0.4%
Q2 24
4.4%
0.3%
Cash Conversion
LPLA
LPLA
MAN
MAN
Q1 26
Q4 25
2.61×
5.92×
Q3 25
3.32×
Q2 25
0.71×
Q1 25
1.07×
-27.36×
Q4 24
-0.66×
11.00×
Q3 24
0.82×
3.66×
Q2 24
-0.73×
-2.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LPLA
LPLA

Advisory$2.6B53%
Sales-based$705.4M14%
Trailing$486.6M10%
Client cash$445.3M9%
Other$394.5M8%
Service and fee$211.0M4%
Transaction$80.5M2%

MAN
MAN

Other$2.4B52%
Transferred Over Time$1.1B24%
Staffingand Interim$1.0B22%
Productsand Services Other$50.8M1%
Permanent Recruitment$37.5M1%
Outcome Based Solutionsand Consulting$20.7M0%
Transferred At Point In Time$20.4M0%

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