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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and UGI CORP (UGI). 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× UGI CORP). UGI CORP runs the higher net margin — 19.4% vs 7.2%, a 12.1% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (34.6% vs 0.7%). Over the past eight quarters, UGI CORP's revenue compounded faster (40.9% CAGR vs 29.8%).
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.
UGI Corporation is a natural gas and electric power distribution company headquartered in King of Prussia, Pennsylvania, with extensive operations in the United States and Europe.
LPLA vs UGI — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $2.7B |
| Net Profit | $356.4M | $520.0M |
| Gross Margin | 32.3% | — |
| Operating Margin | — | 9.3% |
| Net Margin | 7.2% | 19.4% |
| Revenue YoY | 34.6% | 0.7% |
| Net Profit YoY | — | -2.4% |
| EPS (diluted) | $4.43 | $2.33 |
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 | $2.1B | ||
| Q3 25 | $4.6B | $1.2B | ||
| Q2 25 | $3.8B | $1.4B | ||
| Q1 25 | $3.7B | $2.6B | ||
| Q4 24 | $3.5B | $2.0B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $2.9B | $1.4B |
| Q1 26 | $356.4M | $520.0M | ||
| Q4 25 | $300.7M | $297.0M | ||
| Q3 25 | $-29.5M | $-13.0M | ||
| Q2 25 | $273.2M | $-163.0M | ||
| Q1 25 | $318.6M | $479.0M | ||
| Q4 24 | $270.7M | $375.0M | ||
| Q3 24 | $255.3M | $-273.0M | ||
| Q2 24 | $243.8M | $-48.0M |
| Q1 26 | 32.3% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 9.3% | ||
| Q4 25 | 8.1% | 22.0% | ||
| Q3 25 | -0.7% | 1.1% | ||
| Q2 25 | 9.6% | -6.8% | ||
| Q1 25 | 11.4% | 26.6% | ||
| Q4 24 | 9.7% | 24.5% | ||
| Q3 24 | 11.2% | -20.4% | ||
| Q2 24 | 11.3% | 5.0% |
| Q1 26 | 7.2% | 19.4% | ||
| Q4 25 | 6.1% | 14.4% | ||
| Q3 25 | -0.6% | -1.1% | ||
| Q2 25 | 7.1% | -12.0% | ||
| Q1 25 | 8.7% | 18.2% | ||
| Q4 24 | 7.7% | 18.9% | ||
| Q3 24 | 8.2% | -22.6% | ||
| Q2 24 | 8.3% | -3.6% |
| Q1 26 | $4.43 | $2.33 | ||
| Q4 25 | $3.65 | $1.34 | ||
| Q3 25 | $-0.37 | $-0.08 | ||
| Q2 25 | $3.40 | $-0.76 | ||
| Q1 25 | $4.24 | $2.19 | ||
| Q4 24 | $3.58 | $1.74 | ||
| Q3 24 | $3.39 | $-1.26 | ||
| Q2 24 | $3.23 | $-0.23 |
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 | $251.0M | ||
| Q3 25 | $1.6B | $335.0M | ||
| Q2 25 | $4.3B | $350.0M | ||
| Q1 25 | $1.4B | $426.0M | ||
| Q4 24 | $1.0B | $240.0M | ||
| Q3 24 | $1.6B | $213.0M | ||
| Q2 24 | $1.4B | $183.0M |
| Q1 26 | — | — | ||
| Q4 25 | $7.3B | $6.0B | ||
| Q3 25 | $7.5B | $6.5B | ||
| Q2 25 | $7.2B | $5.7B | ||
| Q1 25 | $5.7B | $6.6B | ||
| Q4 24 | $5.5B | $6.6B | ||
| Q3 24 | $4.4B | $6.4B | ||
| Q2 24 | $4.4B | $6.3B |
| Q1 26 | $5.7B | — | ||
| Q4 25 | $5.3B | $5.0B | ||
| Q3 25 | $5.0B | $4.8B | ||
| Q2 25 | $5.1B | $4.9B | ||
| Q1 25 | $3.1B | $5.0B | ||
| Q4 24 | $2.9B | $4.6B | ||
| Q3 24 | $2.8B | $4.3B | ||
| Q2 24 | $2.5B | $4.7B |
| Q1 26 | $18.8B | — | ||
| Q4 25 | $18.5B | $15.8B | ||
| Q3 25 | $18.0B | $15.5B | ||
| Q2 25 | $17.5B | $15.4B | ||
| Q1 25 | $14.0B | $15.7B | ||
| Q4 24 | $13.3B | $15.4B | ||
| Q3 24 | $11.9B | $15.1B | ||
| Q2 24 | $11.5B | $15.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.36× | 1.19× | ||
| Q3 25 | 1.49× | 1.37× | ||
| Q2 25 | 1.41× | 1.17× | ||
| Q1 25 | 1.82× | 1.32× | ||
| Q4 24 | 1.87× | 1.44× | ||
| Q3 24 | 1.60× | 1.48× | ||
| Q2 24 | 1.77× | 1.34× |
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% |
UGI
| Utilities | $880.0M | 33% |
| AmeriGas Propane | $759.0M | 28% |
| UGI International | $621.0M | 23% |
| Other | $425.0M | 16% |
