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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and PBF Energy Inc. (PBF). Click either name above to swap in a different company.
PBF Energy Inc. is the larger business by last-quarter revenue ($7.1B vs $4.9B, roughly 1.4× LPL Financial Holdings Inc.). LPL Financial Holdings Inc. runs the higher net margin — 6.1% vs 1.1%, a 5.0% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (40.4% vs -2.9%). LPL Financial Holdings Inc. produced more free cash flow last quarter ($613.3M vs $77.0M). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (32.0% CAGR vs -9.1%).
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.
PBF Energy Inc. is a petroleum refining and logistics company that produces and sells transportation fuels, heating oils, lubricants, petrochemical feedstocks, and other petroleum products. The company owns and operated 6 refineries throughout the United States, located in Chalmette, Louisiana; Toledo, Ohio; Paulsboro, New Jersey; the Delaware City Refinery in Delaware City; Torrance, California; Martinez, California. PBF produces a range of products including gasoline, ultra-low-sulfur diese...
LPLA vs PBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $7.1B |
| Net Profit | $300.7M | $78.4M |
| Gross Margin | — | -1.8% |
| Operating Margin | 8.1% | 1.8% |
| Net Margin | 6.1% | 1.1% |
| Revenue YoY | 40.4% | -2.9% |
| Net Profit YoY | 11.1% | 127.1% |
| EPS (diluted) | $3.65 | $0.74 |
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 | $4.9B | $7.1B | ||
| Q3 25 | $4.6B | $7.7B | ||
| Q2 25 | $3.8B | $7.5B | ||
| Q1 25 | $3.7B | $7.1B | ||
| Q4 24 | $3.5B | $7.4B | ||
| Q3 24 | $3.1B | $8.4B | ||
| Q2 24 | $2.9B | $8.7B | ||
| Q1 24 | $2.8B | $8.6B |
| Q4 25 | $300.7M | $78.4M | ||
| Q3 25 | $-29.5M | $170.1M | ||
| Q2 25 | $273.2M | $-5.2M | ||
| Q1 25 | $318.6M | $-401.8M | ||
| Q4 24 | $270.7M | $-289.3M | ||
| Q3 24 | $255.3M | $-285.9M | ||
| Q2 24 | $243.8M | $-65.2M | ||
| Q1 24 | $288.8M | $106.6M |
| Q4 25 | — | -1.8% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | -0.8% | ||
| Q1 25 | — | -5.9% | ||
| Q4 24 | — | -4.2% | ||
| Q3 24 | — | -3.4% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | 8.1% | 1.8% | ||
| Q3 25 | -0.7% | 3.7% | ||
| Q2 25 | 9.6% | 0.6% | ||
| Q1 25 | 11.4% | -7.2% | ||
| Q4 24 | 9.7% | -5.2% | ||
| Q3 24 | 11.2% | -4.6% | ||
| Q2 24 | 11.3% | -0.9% | ||
| Q1 24 | 13.2% | 1.7% |
| Q4 25 | 6.1% | 1.1% | ||
| Q3 25 | -0.6% | 2.2% | ||
| Q2 25 | 7.1% | -0.1% | ||
| Q1 25 | 8.7% | -5.7% | ||
| Q4 24 | 7.7% | -3.9% | ||
| Q3 24 | 8.2% | -3.4% | ||
| Q2 24 | 8.3% | -0.7% | ||
| Q1 24 | 10.2% | 1.2% |
| Q4 25 | $3.65 | $0.74 | ||
| Q3 25 | $-0.37 | $1.45 | ||
| Q2 25 | $3.40 | $-0.05 | ||
| Q1 25 | $4.24 | $-3.53 | ||
| Q4 24 | $3.58 | $-2.41 | ||
| Q3 24 | $3.39 | $-2.49 | ||
| Q2 24 | $3.23 | $-0.56 | ||
| Q1 24 | $3.83 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $527.9M |
| Total DebtLower is stronger | $7.3B | — |
| Stockholders' EquityBook value | $5.3B | $5.3B |
| Total Assets | $18.5B | $13.0B |
| Debt / EquityLower = less leverage | 1.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $527.9M | ||
| Q3 25 | $1.6B | $482.0M | ||
| Q2 25 | $4.3B | $590.7M | ||
| Q1 25 | $1.4B | $468.6M | ||
| Q4 24 | $1.0B | $536.1M | ||
| Q3 24 | $1.6B | $976.7M | ||
| Q2 24 | $1.4B | $1.4B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | $7.3B | — | ||
| Q3 25 | $7.5B | — | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.5B | — | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — | ||
| Q1 24 | $3.9B | — |
| Q4 25 | $5.3B | $5.3B | ||
| Q3 25 | $5.0B | $5.2B | ||
| Q2 25 | $5.1B | $5.1B | ||
| Q1 25 | $3.1B | $5.1B | ||
| Q4 24 | $2.9B | $5.5B | ||
| Q3 24 | $2.8B | $5.9B | ||
| Q2 24 | $2.5B | $6.3B | ||
| Q1 24 | $2.3B | $6.5B |
| Q4 25 | $18.5B | $13.0B | ||
| Q3 25 | $18.0B | $13.0B | ||
| Q2 25 | $17.5B | $13.0B | ||
| Q1 25 | $14.0B | $13.0B | ||
| Q4 24 | $13.3B | $12.7B | ||
| Q3 24 | $11.9B | $13.1B | ||
| Q2 24 | $11.5B | $14.1B | ||
| Q1 24 | $11.0B | $13.8B |
| Q4 25 | 1.36× | — | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.77× | — | ||
| Q1 24 | 1.70× | — |
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 | $785.0M | $366.6M |
| Free Cash FlowOCF − Capex | $613.3M | $77.0M |
| FCF MarginFCF / Revenue | 12.4% | 1.1% |
| Capex IntensityCapex / Revenue | 3.5% | 4.1% |
| Cash ConversionOCF / Net Profit | 2.61× | 4.68× |
| TTM Free Cash FlowTrailing 4 quarters | $-981.8M | $-783.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $785.0M | $366.6M | ||
| Q3 25 | $-1.7B | $25.7M | ||
| Q2 25 | $193.3M | $191.1M | ||
| Q1 25 | $339.8M | $-661.4M | ||
| Q4 24 | $-178.8M | $-329.7M | ||
| Q3 24 | $209.3M | $-68.0M | ||
| Q2 24 | $-178.9M | $425.3M | ||
| Q1 24 | $425.9M | $15.8M |
| Q4 25 | $613.3M | $77.0M | ||
| Q3 25 | $-1.9B | $-122.8M | ||
| Q2 25 | $56.3M | $35.0M | ||
| Q1 25 | $220.3M | $-772.4M | ||
| Q4 24 | $-344.3M | $-425.7M | ||
| Q3 24 | $62.3M | $-169.8M | ||
| Q2 24 | $-307.8M | $371.8M | ||
| Q1 24 | $304.9M | $-123.8M |
| Q4 25 | 12.4% | 1.1% | ||
| Q3 25 | -41.1% | -1.6% | ||
| Q2 25 | 1.5% | 0.5% | ||
| Q1 25 | 6.0% | -10.9% | ||
| Q4 24 | -9.8% | -5.8% | ||
| Q3 24 | 2.0% | -2.0% | ||
| Q2 24 | -10.5% | 4.3% | ||
| Q1 24 | 10.8% | -1.4% |
| Q4 25 | 3.5% | 4.1% | ||
| Q3 25 | 3.1% | 1.9% | ||
| Q2 25 | 3.6% | 2.1% | ||
| Q1 25 | 3.3% | 1.6% | ||
| Q4 24 | 4.7% | 1.3% | ||
| Q3 24 | 4.7% | 1.2% | ||
| Q2 24 | 4.4% | 0.6% | ||
| Q1 24 | 4.3% | 1.6% |
| Q4 25 | 2.61× | 4.68× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | -0.66× | — | ||
| Q3 24 | 0.82× | — | ||
| Q2 24 | -0.73× | — | ||
| Q1 24 | 1.47× | 0.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPLA
Segment breakdown not available.
PBF
| Gasoline And Distillate | $6.4B | 89% |
| Asphaltand Residual Oil | $283.6M | 4% |
| Other | $149.4M | 2% |
| Chemicals | $145.1M | 2% |
| Logistics Group | $93.5M | 1% |
| Lubricants | $81.9M | 1% |
