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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $120.7M, roughly 1.4× LIQUIDITY SERVICES INC). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 6.2%, a 19.1% gap on every dollar of revenue. On growth, LIQUIDITY SERVICES INC posted the faster year-over-year revenue change (3.7% vs 2.2%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (13.6% CAGR vs 4.9%).
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
LQDT vs PRK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.7M | $168.3M |
| Net Profit | $7.5M | $42.6M |
| Gross Margin | — | — |
| Operating Margin | 8.0% | — |
| Net Margin | 6.2% | 25.3% |
| Revenue YoY | 3.7% | 2.2% |
| Net Profit YoY | 6.7% | 10.4% |
| EPS (diluted) | $0.23 | $2.62 |
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 | $120.7M | — | ||
| Q4 25 | $121.2M | $168.3M | ||
| Q3 25 | $118.1M | $169.5M | ||
| Q2 25 | $119.9M | $168.7M | ||
| Q1 25 | $116.4M | $157.9M | ||
| Q4 24 | $122.3M | $164.7M | ||
| Q3 24 | $106.9M | $170.3M | ||
| Q2 24 | $93.6M | $157.7M |
| Q1 26 | $7.5M | — | ||
| Q4 25 | $7.5M | $42.6M | ||
| Q3 25 | $7.8M | $47.2M | ||
| Q2 25 | $7.4M | $48.1M | ||
| Q1 25 | $7.1M | $42.2M | ||
| Q4 24 | $5.8M | $38.6M | ||
| Q3 24 | $6.4M | $38.2M | ||
| Q2 24 | $6.0M | $39.4M |
| Q1 26 | — | — | ||
| Q4 25 | 47.0% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 45.7% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | 41.0% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 52.8% | — |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 7.7% | — | ||
| Q3 25 | 9.3% | 34.3% | ||
| Q2 25 | 8.5% | 35.2% | ||
| Q1 25 | 5.8% | 32.4% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 6.8% | 27.4% | ||
| Q2 24 | 8.4% | 30.6% |
| Q1 26 | 6.2% | — | ||
| Q4 25 | 6.2% | 25.3% | ||
| Q3 25 | 6.6% | 27.8% | ||
| Q2 25 | 6.2% | 28.5% | ||
| Q1 25 | 6.1% | 26.7% | ||
| Q4 24 | 4.7% | 23.5% | ||
| Q3 24 | 6.0% | 22.4% | ||
| Q2 24 | 6.4% | 25.0% |
| Q1 26 | $0.23 | — | ||
| Q4 25 | $0.23 | $2.62 | ||
| Q3 25 | $0.24 | $2.92 | ||
| Q2 25 | $0.23 | $2.97 | ||
| Q1 25 | $0.22 | $2.60 | ||
| Q4 24 | $0.18 | $2.38 | ||
| Q3 24 | $0.20 | $2.35 | ||
| Q2 24 | $0.19 | $2.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $204.0M | $233.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $1.4B |
| Total Assets | $400.4M | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $204.0M | — | ||
| Q4 25 | $11.6M | $233.5M | ||
| Q3 25 | $11.2M | $218.9M | ||
| Q2 25 | $11.4M | $193.1M | ||
| Q1 25 | $10.5M | $237.6M | ||
| Q4 24 | $10.4M | $160.6M | ||
| Q3 24 | $2.3M | $201.7M | ||
| Q2 24 | $6.5M | $261.5M |
| Q1 26 | — | — | ||
| Q4 25 | $215.3M | $1.4B | ||
| Q3 25 | $203.2M | $1.3B | ||
| Q2 25 | $208.7M | $1.3B | ||
| Q1 25 | $196.3M | $1.3B | ||
| Q4 24 | $189.2M | $1.2B | ||
| Q3 24 | $182.6M | $1.2B | ||
| Q2 24 | $172.0M | $1.2B |
| Q1 26 | $400.4M | — | ||
| Q4 25 | $369.1M | $9.8B | ||
| Q3 25 | $375.1M | $9.9B | ||
| Q2 25 | $372.4M | $9.9B | ||
| Q1 25 | $358.8M | $9.9B | ||
| Q4 24 | $333.2M | $9.8B | ||
| Q3 24 | $346.9M | $9.9B | ||
| Q2 24 | $325.5M | $9.9B |
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 | $29.0M | $198.3M |
| Free Cash FlowOCF − Capex | — | $191.9M |
| FCF MarginFCF / Revenue | — | 114.1% |
| Capex IntensityCapex / Revenue | — | 3.8% |
| Cash ConversionOCF / Net Profit | 3.86× | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.0M | — | ||
| Q4 25 | $-526.0K | $198.3M | ||
| Q3 25 | $38.0M | $52.6M | ||
| Q2 25 | $19.3M | $49.7M | ||
| Q1 25 | $21.6M | $37.9M | ||
| Q4 24 | $-12.1M | $178.8M | ||
| Q3 24 | $22.0M | $43.8M | ||
| Q2 24 | $22.2M | $50.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $191.9M | ||
| Q3 25 | $36.0M | $51.1M | ||
| Q2 25 | $17.2M | $48.4M | ||
| Q1 25 | $19.8M | $36.8M | ||
| Q4 24 | $-14.0M | $169.7M | ||
| Q3 24 | $19.2M | $41.7M | ||
| Q2 24 | $20.3M | $49.0M |
| Q1 26 | — | — | ||
| Q4 25 | -2.3% | 114.1% | ||
| Q3 25 | 30.5% | 30.1% | ||
| Q2 25 | 14.3% | 28.7% | ||
| Q1 25 | 17.0% | 23.3% | ||
| Q4 24 | -11.4% | 103.0% | ||
| Q3 24 | 17.9% | 24.5% | ||
| Q2 24 | 21.7% | 31.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 3.8% | ||
| Q3 25 | 1.7% | 0.9% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 1.6% | 0.7% | ||
| Q4 24 | 1.5% | 5.6% | ||
| Q3 24 | 2.7% | 1.2% | ||
| Q2 24 | 2.1% | 1.2% |
| Q1 26 | 3.86× | — | ||
| Q4 25 | -0.07× | 4.65× | ||
| Q3 25 | 4.86× | 1.11× | ||
| Q2 25 | 2.60× | 1.03× | ||
| Q1 25 | 3.07× | 0.90× | ||
| Q4 24 | -2.09× | 4.63× | ||
| Q3 24 | 3.45× | 1.14× | ||
| Q2 24 | 3.71× | 1.29× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LQDT
| Purchase revenues | $77.9M | 64% |
| Consignment and other fee revenues | $42.9M | 36% |
PRK
Segment breakdown not available.
