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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and US Foods Holding Corp. (USFD). Click either name above to swap in a different company.
US Foods Holding Corp. is the larger business by last-quarter revenue ($9.8B vs $4.9B, roughly 2.0× LPL Financial Holdings Inc.). LPL Financial Holdings Inc. runs the higher net margin — 6.1% vs 1.9%, a 4.2% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (40.4% vs 3.3%). LPL Financial Holdings Inc. produced more free cash flow last quarter ($613.3M vs $159.0M). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (32.0% CAGR vs 4.6%).
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.
US Foods Holding Corp. is an American food service distributor. It is the second-largest food service distributor in the U.S., after Sysco. The company supplies 250,000 locations including independent restaurants, chain restaurants, healthcare, hospitality, and educational institutions.
LPLA vs USFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $9.8B |
| Net Profit | $300.7M | $184.0M |
| Gross Margin | — | 17.6% |
| Operating Margin | 8.1% | 3.3% |
| Net Margin | 6.1% | 1.9% |
| Revenue YoY | 40.4% | 3.3% |
| Net Profit YoY | 11.1% | 178.8% |
| EPS (diluted) | $3.65 | $0.82 |
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.
| Q4 25 | $4.9B | $9.8B | ||
| Q3 25 | $4.6B | $10.2B | ||
| Q2 25 | $3.8B | $10.1B | ||
| Q1 25 | $3.7B | $9.4B | ||
| Q4 24 | $3.5B | $9.5B | ||
| Q3 24 | $3.1B | $9.7B | ||
| Q2 24 | $2.9B | $9.7B | ||
| Q1 24 | $2.8B | $8.9B |
| Q4 25 | $300.7M | $184.0M | ||
| Q3 25 | $-29.5M | $153.0M | ||
| Q2 25 | $273.2M | $224.0M | ||
| Q1 25 | $318.6M | $115.0M | ||
| Q4 24 | $270.7M | $66.0M | ||
| Q3 24 | $255.3M | $148.0M | ||
| Q2 24 | $243.8M | $198.0M | ||
| Q1 24 | $288.8M | $82.0M |
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 17.6% | ||
| Q1 25 | — | 17.3% | ||
| Q4 24 | — | 17.6% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 17.6% | ||
| Q1 24 | — | 16.7% |
| Q4 25 | 8.1% | 3.3% | ||
| Q3 25 | -0.7% | 2.8% | ||
| Q2 25 | 9.6% | 3.7% | ||
| Q1 25 | 11.4% | 2.4% | ||
| Q4 24 | 9.7% | 3.2% | ||
| Q3 24 | 11.2% | 2.9% | ||
| Q2 24 | 11.3% | 3.6% | ||
| Q1 24 | 13.2% | 1.8% |
| Q4 25 | 6.1% | 1.9% | ||
| Q3 25 | -0.6% | 1.5% | ||
| Q2 25 | 7.1% | 2.2% | ||
| Q1 25 | 8.7% | 1.2% | ||
| Q4 24 | 7.7% | 0.7% | ||
| Q3 24 | 8.2% | 1.5% | ||
| Q2 24 | 8.3% | 2.0% | ||
| Q1 24 | 10.2% | 0.9% |
| Q4 25 | $3.65 | $0.82 | ||
| Q3 25 | $-0.37 | $0.67 | ||
| Q2 25 | $3.40 | $0.96 | ||
| Q1 25 | $4.24 | $0.49 | ||
| Q4 24 | $3.58 | $0.28 | ||
| Q3 24 | $3.39 | $0.61 | ||
| Q2 24 | $3.23 | $0.80 | ||
| Q1 24 | $3.83 | $0.33 |
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 | $41.0M |
| Total DebtLower is stronger | $7.3B | $5.1B |
| Stockholders' EquityBook value | $5.3B | $4.3B |
| Total Assets | $18.5B | $13.9B |
| Debt / EquityLower = less leverage | 1.36× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $41.0M | ||
| Q3 25 | $1.6B | $56.0M | ||
| Q2 25 | $4.3B | $61.0M | ||
| Q1 25 | $1.4B | $101.0M | ||
| Q4 24 | $1.0B | $59.0M | ||
| Q3 24 | $1.6B | $81.0M | ||
| Q2 24 | $1.4B | $405.0M | ||
| Q1 24 | $1.2B | $267.0M |
| Q4 25 | $7.3B | $5.1B | ||
| Q3 25 | $7.5B | $4.8B | ||
| Q2 25 | $7.2B | $4.7B | ||
| Q1 25 | $5.7B | $4.7B | ||
| Q4 24 | $5.5B | $4.8B | ||
| Q3 24 | $4.4B | $4.7B | ||
| Q2 24 | $4.4B | $4.6B | ||
| Q1 24 | $3.9B | $4.6B |
| Q4 25 | $5.3B | $4.3B | ||
| Q3 25 | $5.0B | $4.5B | ||
| Q2 25 | $5.1B | $4.6B | ||
| Q1 25 | $3.1B | $4.6B | ||
| Q4 24 | $2.9B | $4.5B | ||
| Q3 24 | $2.8B | $4.6B | ||
| Q2 24 | $2.5B | $5.0B | ||
| Q1 24 | $2.3B | $4.8B |
| Q4 25 | $18.5B | $13.9B | ||
| Q3 25 | $18.0B | $14.0B | ||
| Q2 25 | $17.5B | $13.8B | ||
| Q1 25 | $14.0B | $13.7B | ||
| Q4 24 | $13.3B | $13.4B | ||
| Q3 24 | $11.9B | $13.5B | ||
| Q2 24 | $11.5B | $13.7B | ||
| Q1 24 | $11.0B | $13.4B |
| Q4 25 | 1.36× | 1.18× | ||
| Q3 25 | 1.49× | 1.08× | ||
| Q2 25 | 1.41× | 1.02× | ||
| Q1 25 | 1.82× | 1.02× | ||
| Q4 24 | 1.87× | 1.06× | ||
| Q3 24 | 1.60× | 1.01× | ||
| Q2 24 | 1.77× | 0.92× | ||
| Q1 24 | 1.70× | 0.95× |
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 | $293.0M |
| Free Cash FlowOCF − Capex | $613.3M | $159.0M |
| FCF MarginFCF / Revenue | 12.4% | 1.6% |
| Capex IntensityCapex / Revenue | 3.5% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.61× | 1.59× |
| TTM Free Cash FlowTrailing 4 quarters | $-981.8M | $959.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $785.0M | $293.0M | ||
| Q3 25 | $-1.7B | $351.0M | ||
| Q2 25 | $193.3M | $334.0M | ||
| Q1 25 | $339.8M | $391.0M | ||
| Q4 24 | $-178.8M | $283.0M | ||
| Q3 24 | $209.3M | $270.0M | ||
| Q2 24 | $-178.9M | $482.0M | ||
| Q1 24 | $425.9M | $139.0M |
| Q4 25 | $613.3M | $159.0M | ||
| Q3 25 | $-1.9B | $236.0M | ||
| Q2 25 | $56.3M | $257.0M | ||
| Q1 25 | $220.3M | $307.0M | ||
| Q4 24 | $-344.3M | $178.0M | ||
| Q3 24 | $62.3M | $190.0M | ||
| Q2 24 | $-307.8M | $413.0M | ||
| Q1 24 | $304.9M | $52.0M |
| Q4 25 | 12.4% | 1.6% | ||
| Q3 25 | -41.1% | 2.3% | ||
| Q2 25 | 1.5% | 2.5% | ||
| Q1 25 | 6.0% | 3.3% | ||
| Q4 24 | -9.8% | 1.9% | ||
| Q3 24 | 2.0% | 2.0% | ||
| Q2 24 | -10.5% | 4.3% | ||
| Q1 24 | 10.8% | 0.6% |
| Q4 25 | 3.5% | 1.4% | ||
| Q3 25 | 3.1% | 1.1% | ||
| Q2 25 | 3.6% | 0.8% | ||
| Q1 25 | 3.3% | 0.9% | ||
| Q4 24 | 4.7% | 1.1% | ||
| Q3 24 | 4.7% | 0.8% | ||
| Q2 24 | 4.4% | 0.7% | ||
| Q1 24 | 4.3% | 1.0% |
| Q4 25 | 2.61× | 1.59× | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | 0.71× | 1.49× | ||
| Q1 25 | 1.07× | 3.40× | ||
| Q4 24 | -0.66× | 4.29× | ||
| Q3 24 | 0.82× | 1.82× | ||
| Q2 24 | -0.73× | 2.43× | ||
| Q1 24 | 1.47× | 1.70× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPLA
Segment breakdown not available.
USFD
| Product One | $3.5B | 36% |
| Product Two | $1.7B | 17% |
| Product Three | $1.7B | 17% |
| Product Four | $985.0M | 10% |
| Product Five | $901.0M | 9% |
| Product Six | $580.0M | 6% |
| Product Seven | $485.0M | 5% |
