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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and Royal Caribbean Group (RCL). 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 $4.3B, roughly 1.2× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 17.9% vs 6.1%, a 11.8% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (40.4% vs 13.2%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (32.0% CAGR vs 1.8%).
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.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
LPLA vs RCL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $4.3B |
| Net Profit | $300.7M | $762.0M |
| Gross Margin | — | — |
| Operating Margin | 8.1% | 21.9% |
| Net Margin | 6.1% | 17.9% |
| Revenue YoY | 40.4% | 13.2% |
| Net Profit YoY | 11.1% | 36.3% |
| EPS (diluted) | $3.65 | $2.76 |
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 | — | $4.3B | ||
| Q4 25 | $4.9B | $4.3B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $3.8B | $4.5B | ||
| Q1 25 | $3.7B | $4.0B | ||
| Q4 24 | $3.5B | $3.8B | ||
| Q3 24 | $3.1B | $4.9B | ||
| Q2 24 | $2.9B | $4.1B |
| Q1 26 | — | $762.0M | ||
| Q4 25 | $300.7M | $753.0M | ||
| Q3 25 | $-29.5M | $1.6B | ||
| Q2 25 | $273.2M | $1.2B | ||
| Q1 25 | $318.6M | $730.0M | ||
| Q4 24 | $270.7M | $552.0M | ||
| Q3 24 | $255.3M | $1.1B | ||
| Q2 24 | $243.8M | $854.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 47.4% | ||
| Q3 25 | — | 51.8% | ||
| Q2 25 | — | 49.7% | ||
| Q1 25 | — | 48.0% | ||
| Q4 24 | — | 45.4% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 47.6% |
| Q1 26 | — | 21.9% | ||
| Q4 25 | 8.1% | 21.9% | ||
| Q3 25 | -0.7% | 33.1% | ||
| Q2 25 | 9.6% | 29.3% | ||
| Q1 25 | 11.4% | 23.6% | ||
| Q4 24 | 9.7% | 16.6% | ||
| Q3 24 | 11.2% | 33.4% | ||
| Q2 24 | 11.3% | 26.7% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 6.1% | 17.7% | ||
| Q3 25 | -0.6% | 30.6% | ||
| Q2 25 | 7.1% | 26.7% | ||
| Q1 25 | 8.7% | 18.3% | ||
| Q4 24 | 7.7% | 14.7% | ||
| Q3 24 | 8.2% | 22.7% | ||
| Q2 24 | 8.3% | 20.8% |
| Q1 26 | — | $2.76 | ||
| Q4 25 | $3.65 | $2.76 | ||
| Q3 25 | $-0.37 | $5.74 | ||
| Q2 25 | $3.40 | $4.41 | ||
| Q1 25 | $4.24 | $2.70 | ||
| Q4 24 | $3.58 | $2.27 | ||
| Q3 24 | $3.39 | $4.21 | ||
| Q2 24 | $3.23 | $3.11 |
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 | $825.0M |
| Total DebtLower is stronger | $7.3B | $21.3B |
| Stockholders' EquityBook value | $5.3B | $10.2B |
| Total Assets | $18.5B | $41.6B |
| Debt / EquityLower = less leverage | 1.36× | 2.08× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $825.0M | ||
| Q4 25 | $1.1B | $825.0M | ||
| Q3 25 | $1.6B | $432.0M | ||
| Q2 25 | $4.3B | $735.0M | ||
| Q1 25 | $1.4B | $386.0M | ||
| Q4 24 | $1.0B | $388.0M | ||
| Q3 24 | $1.6B | $418.0M | ||
| Q2 24 | $1.4B | $391.0M |
| Q1 26 | — | $21.3B | ||
| Q4 25 | $7.3B | $18.2B | ||
| Q3 25 | $7.5B | $17.2B | ||
| Q2 25 | $7.2B | $17.6B | ||
| Q1 25 | $5.7B | $18.0B | ||
| Q4 24 | $5.5B | $18.5B | ||
| Q3 24 | $4.4B | $19.0B | ||
| Q2 24 | $4.4B | $19.8B |
| Q1 26 | — | $10.2B | ||
| Q4 25 | $5.3B | $10.0B | ||
| Q3 25 | $5.0B | $10.1B | ||
| Q2 25 | $5.1B | $9.2B | ||
| Q1 25 | $3.1B | $8.0B | ||
| Q4 24 | $2.9B | $7.6B | ||
| Q3 24 | $2.8B | $7.0B | ||
| Q2 24 | $2.5B | $6.0B |
| Q1 26 | — | $41.6B | ||
| Q4 25 | $18.5B | $41.6B | ||
| Q3 25 | $18.0B | $40.1B | ||
| Q2 25 | $17.5B | $38.5B | ||
| Q1 25 | $14.0B | $37.5B | ||
| Q4 24 | $13.3B | $37.1B | ||
| Q3 24 | $11.9B | $37.1B | ||
| Q2 24 | $11.5B | $37.0B |
| Q1 26 | — | 2.08× | ||
| Q4 25 | 1.36× | 1.81× | ||
| Q3 25 | 1.49× | 1.70× | ||
| Q2 25 | 1.41× | 1.92× | ||
| Q1 25 | 1.82× | 2.26× | ||
| Q4 24 | 1.87× | 2.44× | ||
| Q3 24 | 1.60× | 2.69× | ||
| Q2 24 | 1.77× | 3.29× |
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 | $6.5B |
| Free Cash FlowOCF − Capex | $613.3M | — |
| FCF MarginFCF / Revenue | 12.4% | — |
| Capex IntensityCapex / Revenue | 3.5% | — |
| Cash ConversionOCF / Net Profit | 2.61× | 8.48× |
| TTM Free Cash FlowTrailing 4 quarters | $-981.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $6.5B | ||
| Q4 25 | $785.0M | $1.6B | ||
| Q3 25 | $-1.7B | $1.5B | ||
| Q2 25 | $193.3M | $1.7B | ||
| Q1 25 | $339.8M | $1.6B | ||
| Q4 24 | $-178.8M | $1.5B | ||
| Q3 24 | $209.3M | $897.0M | ||
| Q2 24 | $-178.9M | $1.6B |
| Q1 26 | — | — | ||
| Q4 25 | $613.3M | $116.0M | ||
| Q3 25 | $-1.9B | $-989.0M | ||
| Q2 25 | $56.3M | $910.0M | ||
| Q1 25 | $220.3M | $1.2B | ||
| Q4 24 | $-344.3M | $915.0M | ||
| Q3 24 | $62.3M | $563.0M | ||
| Q2 24 | $-307.8M | $-567.0M |
| Q1 26 | — | — | ||
| Q4 25 | 12.4% | 2.7% | ||
| Q3 25 | -41.1% | -19.2% | ||
| Q2 25 | 1.5% | 20.1% | ||
| Q1 25 | 6.0% | 30.0% | ||
| Q4 24 | -9.8% | 24.3% | ||
| Q3 24 | 2.0% | 11.5% | ||
| Q2 24 | -10.5% | -13.8% |
| Q1 26 | — | — | ||
| Q4 25 | 3.5% | 35.4% | ||
| Q3 25 | 3.1% | 47.8% | ||
| Q2 25 | 3.6% | 18.4% | ||
| Q1 25 | 3.3% | 10.7% | ||
| Q4 24 | 4.7% | 14.7% | ||
| Q3 24 | 4.7% | 6.8% | ||
| Q2 24 | 4.4% | 52.1% |
| Q1 26 | — | 8.48× | ||
| Q4 25 | 2.61× | 2.16× | ||
| Q3 25 | — | 0.93× | ||
| Q2 25 | 0.71× | 1.44× | ||
| Q1 25 | 1.07× | 2.23× | ||
| Q4 24 | -0.66× | 2.66× | ||
| Q3 24 | 0.82× | 0.81× | ||
| Q2 24 | -0.73× | 1.84× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
