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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and Molson Coors Beverage Company (TAP). 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 $2.7B, roughly 1.8× Molson Coors Beverage Company). LPL Financial Holdings Inc. runs the higher net margin — 7.2% vs 5.5%, a 1.7% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 2.0%). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (29.8% CAGR vs -15.8%).
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.
Molson Coors Beverage Company is a Canadian-American multinational drink and brewing company headquartered in Chicago, Illinois and Montreal, Quebec.
LPLA vs TAP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $2.7B |
| Net Profit | $356.4M | $150.1M |
| Gross Margin | 32.3% | 33.0% |
| Operating Margin | — | — |
| Net Margin | 7.2% | 5.5% |
| Revenue YoY | 34.6% | 2.0% |
| Net Profit YoY | — | 25.0% |
| EPS (diluted) | $4.43 | $0.80 |
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 | $2.7B | ||
| Q4 25 | $4.9B | $3.1B | ||
| Q3 25 | $4.6B | $3.5B | ||
| Q2 25 | $3.8B | $3.7B | ||
| Q1 25 | $3.7B | $2.7B | ||
| Q4 24 | $3.5B | $3.2B | ||
| Q3 24 | $3.1B | $3.6B | ||
| Q2 24 | $2.9B | $3.8B |
| Q1 26 | $356.4M | $150.1M | ||
| Q4 25 | $300.7M | $238.3M | ||
| Q3 25 | $-29.5M | $-2.9B | ||
| Q2 25 | $273.2M | $428.7M | ||
| Q1 25 | $318.6M | $121.0M | ||
| Q4 24 | $270.7M | $287.8M | ||
| Q3 24 | $255.3M | $199.8M | ||
| Q2 24 | $243.8M | $427.0M |
| Q1 26 | 32.3% | 33.0% | ||
| Q4 25 | — | 31.0% | ||
| Q3 25 | — | 33.7% | ||
| Q2 25 | — | 34.3% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 32.0% | ||
| Q3 24 | — | 33.4% | ||
| Q2 24 | — | 34.6% |
| Q1 26 | — | — | ||
| Q4 25 | 8.1% | 10.4% | ||
| Q3 25 | -0.7% | -98.5% | ||
| Q2 25 | 9.6% | 15.6% | ||
| Q1 25 | 11.4% | 6.9% | ||
| Q4 24 | 9.7% | 12.0% | ||
| Q3 24 | 11.2% | 12.5% | ||
| Q2 24 | 11.3% | 15.6% |
| Q1 26 | 7.2% | 5.5% | ||
| Q4 25 | 6.1% | 7.6% | ||
| Q3 25 | -0.6% | -84.0% | ||
| Q2 25 | 7.1% | 11.5% | ||
| Q1 25 | 8.7% | 4.5% | ||
| Q4 24 | 7.7% | 8.9% | ||
| Q3 24 | 8.2% | 5.5% | ||
| Q2 24 | 8.3% | 11.1% |
| Q1 26 | $4.43 | $0.80 | ||
| Q4 25 | $3.65 | $1.32 | ||
| Q3 25 | $-0.37 | $-14.79 | ||
| Q2 25 | $3.40 | $2.13 | ||
| Q1 25 | $4.24 | $0.59 | ||
| Q4 24 | $3.58 | $1.39 | ||
| Q3 24 | $3.39 | $0.96 | ||
| Q2 24 | $3.23 | $2.03 |
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 | $382.6M |
| Total DebtLower is stronger | — | $3.8B |
| Stockholders' EquityBook value | $5.7B | $10.3B |
| Total Assets | $18.8B | $22.4B |
| Debt / EquityLower = less leverage | — | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.0B | $382.6M | ||
| Q4 25 | $1.1B | $896.5M | ||
| Q3 25 | $1.6B | $950.2M | ||
| Q2 25 | $4.3B | $613.8M | ||
| Q1 25 | $1.4B | $412.7M | ||
| Q4 24 | $1.0B | $969.3M | ||
| Q3 24 | $1.6B | $1.0B | ||
| Q2 24 | $1.4B | $1.6B |
| Q1 26 | — | $3.8B | ||
| Q4 25 | $7.3B | $6.3B | ||
| Q3 25 | $7.5B | $6.3B | ||
| Q2 25 | $7.2B | $6.3B | ||
| Q1 25 | $5.7B | $6.2B | ||
| Q4 24 | $5.5B | $6.1B | ||
| Q3 24 | $4.4B | $6.2B | ||
| Q2 24 | $4.4B | $7.0B |
| Q1 26 | $5.7B | $10.3B | ||
| Q4 25 | $5.3B | $10.2B | ||
| Q3 25 | $5.0B | $10.3B | ||
| Q2 25 | $5.1B | $13.4B | ||
| Q1 25 | $3.1B | $13.1B | ||
| Q4 24 | $2.9B | $13.1B | ||
| Q3 24 | $2.8B | $13.3B | ||
| Q2 24 | $2.5B | $13.2B |
| Q1 26 | $18.8B | $22.4B | ||
| Q4 25 | $18.5B | $22.7B | ||
| Q3 25 | $18.0B | $22.9B | ||
| Q2 25 | $17.5B | $26.8B | ||
| Q1 25 | $14.0B | $25.9B | ||
| Q4 24 | $13.3B | $26.1B | ||
| Q3 24 | $11.9B | $26.6B | ||
| Q2 24 | $11.5B | $27.4B |
| Q1 26 | — | 0.38× | ||
| Q4 25 | 1.36× | 0.61× | ||
| Q3 25 | 1.49× | 0.61× | ||
| Q2 25 | 1.41× | 0.47× | ||
| Q1 25 | 1.82× | 0.47× | ||
| Q4 24 | 1.87× | 0.47× | ||
| Q3 24 | 1.60× | 0.47× | ||
| Q2 24 | 1.77× | 0.53× |
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 | — | — |
| Free Cash FlowOCF − Capex | — | $-212.9M |
| FCF MarginFCF / Revenue | — | -7.8% |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $785.0M | $540.7M | ||
| Q3 25 | $-1.7B | $616.1M | ||
| Q2 25 | $193.3M | $718.3M | ||
| Q1 25 | $339.8M | $-90.7M | ||
| Q4 24 | $-178.8M | $494.5M | ||
| Q3 24 | $209.3M | $521.2M | ||
| Q2 24 | $-178.9M | $869.2M |
| Q1 26 | — | $-212.9M | ||
| Q4 25 | $613.3M | $357.8M | ||
| Q3 25 | $-1.9B | $483.0M | ||
| Q2 25 | $56.3M | $555.0M | ||
| Q1 25 | $220.3M | $-328.0M | ||
| Q4 24 | $-344.3M | $383.4M | ||
| Q3 24 | $62.3M | $350.4M | ||
| Q2 24 | $-307.8M | $691.7M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 12.4% | 11.4% | ||
| Q3 25 | -41.1% | 13.9% | ||
| Q2 25 | 1.5% | 14.8% | ||
| Q1 25 | 6.0% | -12.2% | ||
| Q4 24 | -9.8% | 11.8% | ||
| Q3 24 | 2.0% | 9.7% | ||
| Q2 24 | -10.5% | 18.0% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 3.5% | 5.9% | ||
| Q3 25 | 3.1% | 3.8% | ||
| Q2 25 | 3.6% | 4.4% | ||
| Q1 25 | 3.3% | 8.8% | ||
| Q4 24 | 4.7% | 3.4% | ||
| Q3 24 | 4.7% | 4.7% | ||
| Q2 24 | 4.4% | 4.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.61× | 2.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.71× | 1.68× | ||
| Q1 25 | 1.07× | -0.75× | ||
| Q4 24 | -0.66× | 1.72× | ||
| Q3 24 | 0.82× | 2.61× | ||
| Q2 24 | -0.73× | 2.04× |
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% |
TAP
Segment breakdown not available.
