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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and Stanley Black & Decker (SWK). 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 $3.8B, roughly 1.3× Stanley Black & Decker). LPL Financial Holdings Inc. runs the higher net margin — 7.2% vs 1.4%, a 5.8% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 0.1%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs 0.3%).

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.

Stanley Black & Decker, Inc., formerly known as The Stanley Works, is an American manufacturer of industrial tools and household hardware, and a provider of security products. Headquartered in the Greater Hartford city of New Britain, Connecticut, Stanley Black & Decker is the result of the merger of The Stanley Works and Black & Decker on March 12, 2010.

LPLA vs SWK — Head-to-Head

Bigger by revenue
LPLA
LPLA
1.3× larger
LPLA
$4.9B
$3.8B
SWK
Growing faster (revenue YoY)
LPLA
LPLA
+34.4% gap
LPLA
34.6%
0.1%
SWK
Higher net margin
LPLA
LPLA
5.8% more per $
LPLA
7.2%
1.4%
SWK
Faster 2-yr revenue CAGR
LPLA
LPLA
Annualised
LPLA
29.8%
0.3%
SWK

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
LPLA
LPLA
SWK
SWK
Revenue
$4.9B
$3.8B
Net Profit
$356.4M
$51.4M
Gross Margin
32.3%
31.4%
Operating Margin
Net Margin
7.2%
1.4%
Revenue YoY
34.6%
0.1%
Net Profit YoY
-43.6%
EPS (diluted)
$4.43
$0.34

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
SWK
SWK
Q1 26
$4.9B
Q4 25
$4.9B
Q3 25
$4.6B
$3.8B
Q2 25
$3.8B
$3.9B
Q1 25
$3.7B
$3.7B
Q4 24
$3.5B
$3.7B
Q3 24
$3.1B
$3.8B
Q2 24
$2.9B
$4.0B
Net Profit
LPLA
LPLA
SWK
SWK
Q1 26
$356.4M
Q4 25
$300.7M
Q3 25
$-29.5M
$51.4M
Q2 25
$273.2M
$101.9M
Q1 25
$318.6M
$90.4M
Q4 24
$270.7M
$194.9M
Q3 24
$255.3M
$91.1M
Q2 24
$243.8M
$-11.2M
Gross Margin
LPLA
LPLA
SWK
SWK
Q1 26
32.3%
Q4 25
Q3 25
31.4%
Q2 25
27.0%
Q1 25
29.9%
Q4 24
30.8%
Q3 24
29.9%
Q2 24
28.4%
Operating Margin
LPLA
LPLA
SWK
SWK
Q1 26
Q4 25
8.1%
Q3 25
-0.7%
Q2 25
9.6%
Q1 25
11.4%
Q4 24
9.7%
3.4%
Q3 24
11.2%
10.6%
Q2 24
11.3%
9.5%
Net Margin
LPLA
LPLA
SWK
SWK
Q1 26
7.2%
Q4 25
6.1%
Q3 25
-0.6%
1.4%
Q2 25
7.1%
2.6%
Q1 25
8.7%
2.4%
Q4 24
7.7%
5.2%
Q3 24
8.2%
2.4%
Q2 24
8.3%
-0.3%
EPS (diluted)
LPLA
LPLA
SWK
SWK
Q1 26
$4.43
Q4 25
$3.65
Q3 25
$-0.37
$0.34
Q2 25
$3.40
$0.67
Q1 25
$4.24
$0.60
Q4 24
$3.58
$1.29
Q3 24
$3.39
$0.60
Q2 24
$3.23
$-0.07

Balance Sheet & Financial Strength

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

Metric
LPLA
LPLA
SWK
SWK
Cash + ST InvestmentsLiquidity on hand
$1.0B
$268.3M
Total DebtLower is stronger
$5.3B
Stockholders' EquityBook value
$5.7B
$9.0B
Total Assets
$18.8B
$21.8B
Debt / EquityLower = less leverage
0.59×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPLA
LPLA
SWK
SWK
Q1 26
$1.0B
Q4 25
$1.1B
Q3 25
$1.6B
$268.3M
Q2 25
$4.3B
$311.8M
Q1 25
$1.4B
$344.8M
Q4 24
$1.0B
$290.5M
Q3 24
$1.6B
$298.7M
Q2 24
$1.4B
$318.5M
Total Debt
LPLA
LPLA
SWK
SWK
Q1 26
Q4 25
$7.3B
Q3 25
$7.5B
$5.3B
Q2 25
$7.2B
$5.6B
Q1 25
$5.7B
$5.6B
Q4 24
$5.5B
$6.1B
Q3 24
$4.4B
$6.1B
Q2 24
$4.4B
$6.1B
Stockholders' Equity
LPLA
LPLA
SWK
SWK
Q1 26
$5.7B
Q4 25
$5.3B
Q3 25
$5.0B
$9.0B
Q2 25
$5.1B
$9.1B
Q1 25
$3.1B
$8.8B
Q4 24
$2.9B
$8.7B
Q3 24
$2.8B
$8.9B
Q2 24
$2.5B
$8.7B
Total Assets
LPLA
LPLA
SWK
SWK
Q1 26
$18.8B
Q4 25
$18.5B
Q3 25
$18.0B
$21.8B
Q2 25
$17.5B
$22.5B
Q1 25
$14.0B
$22.5B
Q4 24
$13.3B
$21.8B
Q3 24
$11.9B
$22.5B
Q2 24
$11.5B
$22.5B
Debt / Equity
LPLA
LPLA
SWK
SWK
Q1 26
Q4 25
1.36×
Q3 25
1.49×
0.59×
Q2 25
1.41×
0.62×
Q1 25
1.82×
0.63×
Q4 24
1.87×
0.70×
Q3 24
1.60×
0.69×
Q2 24
1.77×
0.70×

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
SWK
SWK
Operating Cash FlowLast quarter
$221.2M
Free Cash FlowOCF − Capex
$155.3M
FCF MarginFCF / Revenue
4.1%
Capex IntensityCapex / Revenue
0.0%
1.8%
Cash ConversionOCF / Net Profit
4.30×
TTM Free Cash FlowTrailing 4 quarters
$369.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPLA
LPLA
SWK
SWK
Q1 26
Q4 25
$785.0M
Q3 25
$-1.7B
$221.2M
Q2 25
$193.3M
$214.3M
Q1 25
$339.8M
$-420.0M
Q4 24
$-178.8M
$679.1M
Q3 24
$209.3M
$285.8M
Q2 24
$-178.9M
$573.0M
Free Cash Flow
LPLA
LPLA
SWK
SWK
Q1 26
Q4 25
$613.3M
Q3 25
$-1.9B
$155.3M
Q2 25
$56.3M
$134.7M
Q1 25
$220.3M
$-485.0M
Q4 24
$-344.3M
$564.6M
Q3 24
$62.3M
$199.3M
Q2 24
$-307.8M
$485.8M
FCF Margin
LPLA
LPLA
SWK
SWK
Q1 26
Q4 25
12.4%
Q3 25
-41.1%
4.1%
Q2 25
1.5%
3.4%
Q1 25
6.0%
-13.0%
Q4 24
-9.8%
15.2%
Q3 24
2.0%
5.3%
Q2 24
-10.5%
12.1%
Capex Intensity
LPLA
LPLA
SWK
SWK
Q1 26
0.0%
Q4 25
3.5%
Q3 25
3.1%
1.8%
Q2 25
3.6%
2.0%
Q1 25
3.3%
1.7%
Q4 24
4.7%
3.1%
Q3 24
4.7%
2.3%
Q2 24
4.4%
2.2%
Cash Conversion
LPLA
LPLA
SWK
SWK
Q1 26
Q4 25
2.61×
Q3 25
4.30×
Q2 25
0.71×
2.10×
Q1 25
1.07×
-4.65×
Q4 24
-0.66×
3.48×
Q3 24
0.82×
3.14×
Q2 24
-0.73×

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%

SWK
SWK

Tools And Outdoor Segment$3.3B87%
Engineered Fastening Segment$500.5M13%

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