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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and PG&E Corporation (PCG). Click either name above to swap in a different company.
PG&E Corporation is the larger business by last-quarter revenue ($6.9B vs $4.9B, roughly 1.4× LPL Financial Holdings Inc.). PG&E Corporation runs the higher net margin — 12.9% vs 7.2%, a 5.6% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 15.0%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 7.2%).
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.
Pacific Gas and Electric Company (PG&E) is an American investor-owned utility (IOU). The company is headquartered at Kaiser Center, in Oakland, California. PG&E provides natural gas and electricity to 5.2 million households in the northern two-thirds of California, from Bakersfield and northern Santa Barbara County, almost to the Oregon and Nevada state lines.
LPLA vs PCG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $6.9B |
| Net Profit | $356.4M | $885.0M |
| Gross Margin | 32.3% | — |
| Operating Margin | — | 21.4% |
| Net Margin | 7.2% | 12.9% |
| Revenue YoY | 34.6% | 15.0% |
| Net Profit YoY | — | 39.6% |
| EPS (diluted) | $4.43 | $0.39 |
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.
| Q1 26 | $4.9B | $6.9B | ||
| Q4 25 | $4.9B | $6.8B | ||
| Q3 25 | $4.6B | $6.3B | ||
| Q2 25 | $3.8B | $5.9B | ||
| Q1 25 | $3.7B | $6.0B | ||
| Q4 24 | $3.5B | $6.6B | ||
| Q3 24 | $3.1B | $5.9B | ||
| Q2 24 | $2.9B | $6.0B |
| Q1 26 | $356.4M | $885.0M | ||
| Q4 25 | $300.7M | $670.0M | ||
| Q3 25 | $-29.5M | $850.0M | ||
| Q2 25 | $273.2M | $549.0M | ||
| Q1 25 | $318.6M | $634.0M | ||
| Q4 24 | $270.7M | $674.0M | ||
| Q3 24 | $255.3M | $579.0M | ||
| Q2 24 | $243.8M | $524.0M |
| Q1 26 | 32.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 21.4% | ||
| Q4 25 | 8.1% | 18.0% | ||
| Q3 25 | -0.7% | 19.3% | ||
| Q2 25 | 9.6% | 18.6% | ||
| Q1 25 | 11.4% | 20.4% | ||
| Q4 24 | 9.7% | 15.4% | ||
| Q3 24 | 11.2% | 17.3% | ||
| Q2 24 | 11.3% | 18.9% |
| Q1 26 | 7.2% | 12.9% | ||
| Q4 25 | 6.1% | 9.8% | ||
| Q3 25 | -0.6% | 13.6% | ||
| Q2 25 | 7.1% | 9.3% | ||
| Q1 25 | 8.7% | 10.6% | ||
| Q4 24 | 7.7% | 10.2% | ||
| Q3 24 | 8.2% | 9.7% | ||
| Q2 24 | 8.3% | 8.8% |
| Q1 26 | $4.43 | $0.39 | ||
| Q4 25 | $3.65 | $0.29 | ||
| Q3 25 | $-0.37 | $0.37 | ||
| Q2 25 | $3.40 | $0.24 | ||
| Q1 25 | $4.24 | $0.28 | ||
| Q4 24 | $3.58 | $0.30 | ||
| Q3 24 | $3.39 | $0.27 | ||
| Q2 24 | $3.23 | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.7B | — |
| Total Assets | $18.8B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.1B | $713.0M | ||
| Q3 25 | $1.6B | $404.0M | ||
| Q2 25 | $4.3B | $494.0M | ||
| Q1 25 | $1.4B | $2.0B | ||
| Q4 24 | $1.0B | $940.0M | ||
| Q3 24 | $1.6B | $895.0M | ||
| Q2 24 | $1.4B | $1.3B |
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | $57.4B | ||
| Q3 25 | $7.5B | — | ||
| Q2 25 | $7.2B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $5.5B | $53.6B | ||
| Q3 24 | $4.4B | — | ||
| Q2 24 | $4.4B | — |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.3B | $32.5B | ||
| Q3 25 | $5.0B | $32.0B | ||
| Q2 25 | $5.1B | $31.2B | ||
| Q1 25 | $3.1B | $30.7B | ||
| Q4 24 | $2.9B | $30.1B | ||
| Q3 24 | $2.8B | $26.8B | ||
| Q2 24 | $2.5B | $26.3B |
| Q1 26 | $18.8B | — | ||
| Q4 25 | $18.5B | $141.6B | ||
| Q3 25 | $18.0B | $138.2B | ||
| Q2 25 | $17.5B | $136.4B | ||
| Q1 25 | $14.0B | $135.4B | ||
| Q4 24 | $13.3B | $133.7B | ||
| Q3 24 | $11.9B | $132.3B | ||
| Q2 24 | $11.5B | $130.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.76× | ||
| Q3 25 | 1.49× | — | ||
| Q2 25 | 1.41× | — | ||
| Q1 25 | 1.82× | — | ||
| Q4 24 | 1.87× | 1.78× | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.77× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPLA
| Advisory | $2.6B | 53% |
| Sales-based | $705.4M | 14% |
| Trailing | $486.6M | 10% |
| Client cash | $445.3M | 9% |
| Other | $394.5M | 8% |
| Service and fee | $211.0M | 4% |
| Transaction | $80.5M | 2% |
PCG
| Electric | $5.0B | 72% |
| Other | $1.9B | 28% |
