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Side-by-side financial comparison of Nasdaq, Inc. (NDAQ) and SMITHFIELD FOODS INC (SFD). Click either name above to swap in a different company.

SMITHFIELD FOODS INC is the larger business by last-quarter revenue ($3.8B vs $2.1B, roughly 1.8× Nasdaq, Inc.). Nasdaq, Inc. runs the higher net margin — 24.3% vs 6.6%, a 17.7% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs 0.8%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 5.5%).

Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.

Smithfield Foods, Inc., is a Hong Kong-owned pork producer and food-processing company based in Smithfield, Virginia. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the world. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to raise Smithfield's pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, S...

NDAQ vs SFD — Head-to-Head

Bigger by revenue
SFD
SFD
1.8× larger
SFD
$3.8B
$2.1B
NDAQ
Growing faster (revenue YoY)
NDAQ
NDAQ
+1.2% gap
NDAQ
2.0%
0.8%
SFD
Higher net margin
NDAQ
NDAQ
17.7% more per $
NDAQ
24.3%
6.6%
SFD
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
5.5%
SFD

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NDAQ
NDAQ
SFD
SFD
Revenue
$2.1B
$3.8B
Net Profit
$519.0M
$249.0M
Gross Margin
13.4%
Operating Margin
30.7%
8.8%
Net Margin
24.3%
6.6%
Revenue YoY
2.0%
0.8%
Net Profit YoY
31.4%
9.7%
EPS (diluted)
$0.91

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.

Revenue
NDAQ
NDAQ
SFD
SFD
Q1 26
$2.1B
$3.8B
Q4 25
$2.1B
$4.2B
Q3 25
$2.0B
$3.7B
Q2 25
$2.1B
$3.8B
Q1 25
$2.1B
$3.8B
Q4 24
$2.0B
$4.0B
Q3 24
$1.9B
$3.3B
Q2 24
$1.8B
$3.4B
Net Profit
NDAQ
NDAQ
SFD
SFD
Q1 26
$519.0M
$249.0M
Q4 25
$518.0M
$327.0M
Q3 25
$423.0M
$248.0M
Q2 25
$452.0M
$188.0M
Q1 25
$395.0M
$224.0M
Q4 24
$355.0M
$205.0M
Q3 24
$306.0M
$291.0M
Q2 24
$222.0M
$301.0M
Gross Margin
NDAQ
NDAQ
SFD
SFD
Q1 26
13.4%
Q4 25
65.5%
14.2%
Q3 25
67.2%
12.8%
Q2 25
62.5%
13.2%
Q1 25
59.2%
13.5%
Q4 24
60.4%
13.5%
Q3 24
60.3%
14.3%
Q2 24
64.7%
15.4%
Operating Margin
NDAQ
NDAQ
SFD
SFD
Q1 26
30.7%
8.8%
Q4 25
29.7%
9.5%
Q3 25
29.9%
8.3%
Q2 25
27.2%
6.9%
Q1 25
26.2%
8.5%
Q4 24
25.4%
8.5%
Q3 24
23.6%
8.5%
Q2 24
23.6%
9.8%
Net Margin
NDAQ
NDAQ
SFD
SFD
Q1 26
24.3%
6.6%
Q4 25
24.4%
7.7%
Q3 25
21.6%
6.6%
Q2 25
21.6%
5.0%
Q1 25
18.9%
5.9%
Q4 24
17.5%
5.2%
Q3 24
16.1%
8.7%
Q2 24
12.4%
8.8%
EPS (diluted)
NDAQ
NDAQ
SFD
SFD
Q1 26
$0.91
Q4 25
$0.90
$0.83
Q3 25
$0.73
$0.63
Q2 25
$0.78
$0.48
Q1 25
$0.68
$0.57
Q4 24
$0.62
$0.54
Q3 24
$0.53
$0.77
Q2 24
$0.38
$0.79

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NDAQ
NDAQ
SFD
SFD
Cash + ST InvestmentsLiquidity on hand
$515.0M
$1.4B
Total DebtLower is stronger
$9.0B
Stockholders' EquityBook value
$12.0B
$6.9B
Total Assets
$27.3B
$12.0B
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NDAQ
NDAQ
SFD
SFD
Q1 26
$515.0M
$1.4B
Q4 25
$604.0M
Q3 25
$470.0M
Q2 25
$732.0M
Q1 25
$690.0M
Q4 24
$592.0M
Q3 24
$266.0M
Q2 24
$416.0M
Total Debt
NDAQ
NDAQ
SFD
SFD
Q1 26
$9.0B
Q4 25
$8.6B
$2.0B
Q3 25
$8.7B
$2.0B
Q2 25
$8.7B
$2.0B
Q1 25
$8.9B
$2.0B
Q4 24
$9.1B
$2.0B
Q3 24
$9.4B
Q2 24
$9.2B
Stockholders' Equity
NDAQ
NDAQ
SFD
SFD
Q1 26
$12.0B
$6.9B
Q4 25
$12.2B
$6.8B
Q3 25
$12.0B
$6.5B
Q2 25
$11.8B
$6.3B
Q1 25
$11.5B
$6.2B
Q4 24
$11.2B
$5.8B
Q3 24
$11.1B
Q2 24
$10.9B
Total Assets
NDAQ
NDAQ
SFD
SFD
Q1 26
$27.3B
$12.0B
Q4 25
$31.1B
$12.2B
Q3 25
$30.7B
$11.5B
Q2 25
$30.4B
$11.2B
Q1 25
$30.6B
$11.1B
Q4 24
$30.4B
$11.1B
Q3 24
$30.6B
Q2 24
$30.2B
Debt / Equity
NDAQ
NDAQ
SFD
SFD
Q1 26
0.74×
Q4 25
0.70×
0.29×
Q3 25
0.72×
0.31×
Q2 25
0.73×
0.32×
Q1 25
0.77×
0.32×
Q4 24
0.81×
0.34×
Q3 24
0.85×
Q2 24
0.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NDAQ
NDAQ

Market Services$1.0B49%
Capital Access Platforms$565.0M26%
Financial Technology$517.0M24%
Other Revenues$8.0M0%

SFD
SFD

Segment breakdown not available.

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