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Side-by-side financial comparison of LPL Financial Holdings Inc. (LPLA) and V F CORP (VFC). 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 $2.9B, roughly 1.7× V F CORP). V F CORP runs the higher net margin — 10.5% vs 6.1%, a 4.4% gap on every dollar of revenue. On growth, LPL Financial Holdings Inc. posted the faster year-over-year revenue change (40.4% vs 1.5%). V F CORP produced more free cash flow last quarter ($977.9M vs $613.3M). Over the past eight quarters, LPL Financial Holdings Inc.'s revenue compounded faster (32.0% CAGR vs 10.1%).
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.
The F. W. Woolworth Company was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores worldwide follow today.
LPLA vs VFC — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.9B | $2.9B |
| Net Profit | $300.7M | $300.8M |
| Gross Margin | — | 56.6% |
| Operating Margin | 8.1% | 10.1% |
| Net Margin | 6.1% | 10.5% |
| Revenue YoY | 40.4% | 1.5% |
| Net Profit YoY | 11.1% | 79.3% |
| EPS (diluted) | $3.65 | $0.76 |
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.
| Q4 25 | $4.9B | $2.9B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $3.8B | $1.8B | ||
| Q1 25 | $3.7B | $2.0B | ||
| Q4 24 | $3.5B | $2.8B | ||
| Q3 24 | $3.1B | $2.8B | ||
| Q2 24 | $2.9B | $1.9B | ||
| Q1 24 | $2.8B | $2.4B |
| Q4 25 | $300.7M | $300.8M | ||
| Q3 25 | $-29.5M | $189.8M | ||
| Q2 25 | $273.2M | $-116.4M | ||
| Q1 25 | $318.6M | $-150.8M | ||
| Q4 24 | $270.7M | $167.8M | ||
| Q3 24 | $255.3M | $52.2M | ||
| Q2 24 | $243.8M | $-258.9M | ||
| Q1 24 | $288.8M | $-418.3M |
| Q4 25 | — | 56.6% | ||
| Q3 25 | — | 52.2% | ||
| Q2 25 | — | 53.9% | ||
| Q1 25 | — | 52.7% | ||
| Q4 24 | — | 56.3% | ||
| Q3 24 | — | 52.2% | ||
| Q2 24 | — | 52.0% | ||
| Q1 24 | — | 48.4% |
| Q4 25 | 8.1% | 10.1% | ||
| Q3 25 | -0.7% | 11.2% | ||
| Q2 25 | 9.6% | -4.9% | ||
| Q1 25 | 11.4% | 2.2% | ||
| Q4 24 | 9.7% | 8.0% | ||
| Q3 24 | 11.2% | 9.9% | ||
| Q2 24 | 11.3% | -12.6% | ||
| Q1 24 | 13.2% | -15.0% |
| Q4 25 | 6.1% | 10.5% | ||
| Q3 25 | -0.6% | 6.8% | ||
| Q2 25 | 7.1% | -6.6% | ||
| Q1 25 | 8.7% | -7.5% | ||
| Q4 24 | 7.7% | 5.9% | ||
| Q3 24 | 8.2% | 1.9% | ||
| Q2 24 | 8.3% | -13.6% | ||
| Q1 24 | 10.2% | -17.6% |
| Q4 25 | $3.65 | $0.76 | ||
| Q3 25 | $-0.37 | $0.48 | ||
| Q2 25 | $3.40 | $-0.30 | ||
| Q1 25 | $4.24 | $-0.37 | ||
| Q4 24 | $3.58 | $0.43 | ||
| Q3 24 | $3.39 | $0.13 | ||
| Q2 24 | $3.23 | $-0.67 | ||
| Q1 24 | $3.83 | $-1.07 |
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 | $1.5B |
| Total DebtLower is stronger | $7.3B | $3.6B |
| Stockholders' EquityBook value | $5.3B | $1.8B |
| Total Assets | $18.5B | $10.4B |
| Debt / EquityLower = less leverage | 1.36× | 1.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.6B | $419.1M | ||
| Q2 25 | $4.3B | $642.4M | ||
| Q1 25 | $1.4B | $429.4M | ||
| Q4 24 | $1.0B | $1.4B | ||
| Q3 24 | $1.6B | $492.2M | ||
| Q2 24 | $1.4B | $637.4M | ||
| Q1 24 | $1.2B | $674.6M |
| Q4 25 | $7.3B | $3.6B | ||
| Q3 25 | $7.5B | $3.5B | ||
| Q2 25 | $7.2B | $3.6B | ||
| Q1 25 | $5.7B | $3.4B | ||
| Q4 24 | $5.5B | $3.9B | ||
| Q3 24 | $4.4B | $4.0B | ||
| Q2 24 | $4.4B | $3.9B | ||
| Q1 24 | $3.9B | $4.7B |
| Q4 25 | $5.3B | $1.8B | ||
| Q3 25 | $5.0B | $1.5B | ||
| Q2 25 | $5.1B | $1.3B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $2.9B | $1.7B | ||
| Q3 24 | $2.8B | $1.4B | ||
| Q2 24 | $2.5B | $1.4B | ||
| Q1 24 | $2.3B | $1.7B |
| Q4 25 | $18.5B | $10.4B | ||
| Q3 25 | $18.0B | $10.6B | ||
| Q2 25 | $17.5B | $10.2B | ||
| Q1 25 | $14.0B | $9.4B | ||
| Q4 24 | $13.3B | $10.6B | ||
| Q3 24 | $11.9B | $12.2B | ||
| Q2 24 | $11.5B | $11.5B | ||
| Q1 24 | $11.0B | $11.6B |
| Q4 25 | 1.36× | 1.99× | ||
| Q3 25 | 1.49× | 2.40× | ||
| Q2 25 | 1.41× | 2.76× | ||
| Q1 25 | 1.82× | 2.30× | ||
| Q4 24 | 1.87× | 2.31× | ||
| Q3 24 | 1.60× | 2.86× | ||
| Q2 24 | 1.77× | 2.84× | ||
| Q1 24 | 1.70× | 2.84× |
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 | $1.0B |
| Free Cash FlowOCF − Capex | $613.3M | $977.9M |
| FCF MarginFCF / Revenue | 12.4% | 34.0% |
| Capex IntensityCapex / Revenue | 3.5% | 1.1% |
| Cash ConversionOCF / Net Profit | 2.61× | 3.36× |
| TTM Free Cash FlowTrailing 4 quarters | $-981.8M | $357.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $785.0M | $1.0B | ||
| Q3 25 | $-1.7B | $-227.0M | ||
| Q2 25 | $193.3M | $-145.5M | ||
| Q1 25 | $339.8M | $-171.1M | ||
| Q4 24 | $-178.8M | $918.1M | ||
| Q3 24 | $209.3M | $-301.6M | ||
| Q2 24 | $-178.9M | $19.8M | ||
| Q1 24 | $425.9M | — |
| Q4 25 | $613.3M | $977.9M | ||
| Q3 25 | $-1.9B | $-253.5M | ||
| Q2 25 | $56.3M | $-173.7M | ||
| Q1 25 | $220.3M | $-193.0M | ||
| Q4 24 | $-344.3M | $899.7M | ||
| Q3 24 | $62.3M | $-322.4M | ||
| Q2 24 | $-307.8M | $-5.4M | ||
| Q1 24 | $304.9M | — |
| Q4 25 | 12.4% | 34.0% | ||
| Q3 25 | -41.1% | -9.0% | ||
| Q2 25 | 1.5% | -9.9% | ||
| Q1 25 | 6.0% | -9.6% | ||
| Q4 24 | -9.8% | 31.7% | ||
| Q3 24 | 2.0% | -11.7% | ||
| Q2 24 | -10.5% | -0.3% | ||
| Q1 24 | 10.8% | — |
| Q4 25 | 3.5% | 1.1% | ||
| Q3 25 | 3.1% | 0.9% | ||
| Q2 25 | 3.6% | 1.6% | ||
| Q1 25 | 3.3% | 1.1% | ||
| Q4 24 | 4.7% | 0.6% | ||
| Q3 24 | 4.7% | 0.8% | ||
| Q2 24 | 4.4% | 1.3% | ||
| Q1 24 | 4.3% | — |
| Q4 25 | 2.61× | 3.36× | ||
| Q3 25 | — | -1.20× | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | -0.66× | 5.47× | ||
| Q3 24 | 0.82× | -5.78× | ||
| Q2 24 | -0.73× | — | ||
| Q1 24 | 1.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LPLA
Segment breakdown not available.
VFC
| Outdoor | $1.9B | 67% |
| Sales Channel Through Intermediary | $813.4M | 28% |
| Other | $136.3M | 5% |
