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Side-by-side financial comparison of Nasdaq, Inc. (NDAQ) and SONOCO PRODUCTS CO (SON). Click either name above to swap in a different company.

Nasdaq, Inc. is the larger business by last-quarter revenue ($2.1B vs $1.7B, roughly 1.3× SONOCO PRODUCTS CO). Nasdaq, Inc. runs the higher net margin — 24.3% vs 4.1%, a 20.2% gap on every dollar of revenue. On growth, Nasdaq, Inc. posted the faster year-over-year revenue change (2.0% vs -1.9%). Over the past eight quarters, Nasdaq, Inc.'s revenue compounded faster (9.2% CAGR vs 1.2%).

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.

Sonoco Products Company is an American provider of diversified consumer packaging, industrial products, protective packaging, and packaging supply chain services and the world's largest producer of composite cans, tubes, and cores. The company was founded in 1889 as Southern Novelty Company with annualized net sales of approximately $7.3 billion. Sonoco has 19,900 employees in more than 335 operations in 33 countries, serving more than 85 nations. The company is headquartered in Hartsville, S...

NDAQ vs SON — Head-to-Head

Bigger by revenue
NDAQ
NDAQ
1.3× larger
NDAQ
$2.1B
$1.7B
SON
Growing faster (revenue YoY)
NDAQ
NDAQ
+3.9% gap
NDAQ
2.0%
-1.9%
SON
Higher net margin
NDAQ
NDAQ
20.2% more per $
NDAQ
24.3%
4.1%
SON
Faster 2-yr revenue CAGR
NDAQ
NDAQ
Annualised
NDAQ
9.2%
1.2%
SON

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NDAQ
NDAQ
SON
SON
Revenue
$2.1B
$1.7B
Net Profit
$519.0M
$68.0M
Gross Margin
20.6%
Operating Margin
30.7%
7.6%
Net Margin
24.3%
4.1%
Revenue YoY
2.0%
-1.9%
Net Profit YoY
31.4%
24.1%
EPS (diluted)
$0.91
$0.68

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
SON
SON
Q1 26
$2.1B
$1.7B
Q4 25
$2.1B
$1.8B
Q3 25
$2.0B
$2.1B
Q2 25
$2.1B
$1.9B
Q1 25
$2.1B
$1.7B
Q4 24
$2.0B
Q3 24
$1.9B
$1.7B
Q2 24
$1.8B
$1.6B
Net Profit
NDAQ
NDAQ
SON
SON
Q1 26
$519.0M
$68.0M
Q4 25
$518.0M
$332.2M
Q3 25
$423.0M
$122.9M
Q2 25
$452.0M
$493.4M
Q1 25
$395.0M
$54.4M
Q4 24
$355.0M
Q3 24
$306.0M
$50.9M
Q2 24
$222.0M
$90.8M
Gross Margin
NDAQ
NDAQ
SON
SON
Q1 26
20.6%
Q4 25
65.5%
19.6%
Q3 25
67.2%
21.9%
Q2 25
62.5%
21.3%
Q1 25
59.2%
20.7%
Q4 24
60.4%
Q3 24
60.3%
21.4%
Q2 24
64.7%
22.0%
Operating Margin
NDAQ
NDAQ
SON
SON
Q1 26
30.7%
7.6%
Q4 25
29.7%
29.4%
Q3 25
29.9%
9.1%
Q2 25
27.2%
9.2%
Q1 25
26.2%
7.4%
Q4 24
25.4%
Q3 24
23.6%
7.6%
Q2 24
23.6%
8.6%
Net Margin
NDAQ
NDAQ
SON
SON
Q1 26
24.3%
4.1%
Q4 25
24.4%
18.8%
Q3 25
21.6%
5.8%
Q2 25
21.6%
25.8%
Q1 25
18.9%
3.2%
Q4 24
17.5%
Q3 24
16.1%
3.0%
Q2 24
12.4%
5.6%
EPS (diluted)
NDAQ
NDAQ
SON
SON
Q1 26
$0.91
$0.68
Q4 25
$0.90
$3.33
Q3 25
$0.73
$1.23
Q2 25
$0.78
$4.96
Q1 25
$0.68
$0.55
Q4 24
$0.62
Q3 24
$0.53
$0.51
Q2 24
$0.38
$0.92

Balance Sheet & Financial Strength

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

Metric
NDAQ
NDAQ
SON
SON
Cash + ST InvestmentsLiquidity on hand
$515.0M
$224.5M
Total DebtLower is stronger
$9.0B
$3.5B
Stockholders' EquityBook value
$12.0B
$3.6B
Total Assets
$27.3B
$11.1B
Debt / EquityLower = less leverage
0.74×
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NDAQ
NDAQ
SON
SON
Q1 26
$515.0M
$224.5M
Q4 25
$604.0M
$378.4M
Q3 25
$470.0M
$244.9M
Q2 25
$732.0M
$329.8M
Q1 25
$690.0M
$181.8M
Q4 24
$592.0M
Q3 24
$266.0M
$1.9B
Q2 24
$416.0M
$140.2M
Total Debt
NDAQ
NDAQ
SON
SON
Q1 26
$9.0B
$3.5B
Q4 25
$8.6B
$3.8B
Q3 25
$8.7B
$3.8B
Q2 25
$8.7B
$5.0B
Q1 25
$8.9B
$5.0B
Q4 24
$9.1B
Q3 24
$9.4B
$4.3B
Q2 24
$9.2B
$2.5B
Stockholders' Equity
NDAQ
NDAQ
SON
SON
Q1 26
$12.0B
$3.6B
Q4 25
$12.2B
$3.6B
Q3 25
$12.0B
$3.3B
Q2 25
$11.8B
$3.2B
Q1 25
$11.5B
$2.4B
Q4 24
$11.2B
Q3 24
$11.1B
$2.5B
Q2 24
$10.9B
$2.4B
Total Assets
NDAQ
NDAQ
SON
SON
Q1 26
$27.3B
$11.1B
Q4 25
$31.1B
$11.2B
Q3 25
$30.7B
$11.7B
Q2 25
$30.4B
$12.0B
Q1 25
$30.6B
$12.7B
Q4 24
$30.4B
Q3 24
$30.6B
$9.0B
Q2 24
$30.2B
$7.2B
Debt / Equity
NDAQ
NDAQ
SON
SON
Q1 26
0.74×
0.97×
Q4 25
0.70×
1.05×
Q3 25
0.72×
1.15×
Q2 25
0.73×
1.54×
Q1 25
0.77×
2.03×
Q4 24
0.81×
Q3 24
0.85×
1.74×
Q2 24
0.85×
1.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NDAQ
NDAQ
SON
SON
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-428.3B
FCF MarginFCF / Revenue
-25554.2%
Capex IntensityCapex / Revenue
3601.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-427.6B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NDAQ
NDAQ
SON
SON
Q1 26
Q4 25
$625.0M
$412.9M
Q3 25
$221.0M
$291.5M
Q2 25
$746.0M
$193.4M
Q1 25
$663.0M
$-208.1M
Q4 24
$705.0M
Q3 24
$244.0M
$162.1M
Q2 24
$460.0M
$109.3M
Free Cash Flow
NDAQ
NDAQ
SON
SON
Q1 26
$-428.3B
Q4 25
$536.0M
$322.3M
Q3 25
$152.0M
$225.6M
Q2 25
$687.0M
$98.6M
Q1 25
$614.0M
$-300.8M
Q4 24
$645.0M
Q3 24
$188.0M
$70.5M
Q2 24
$408.0M
$16.0M
FCF Margin
NDAQ
NDAQ
SON
SON
Q1 26
-25554.2%
Q4 25
25.2%
18.2%
Q3 25
7.8%
10.6%
Q2 25
32.9%
5.2%
Q1 25
29.4%
-17.6%
Q4 24
31.7%
Q3 24
9.9%
4.2%
Q2 24
22.8%
1.0%
Capex Intensity
NDAQ
NDAQ
SON
SON
Q1 26
3601.4%
Q4 25
4.2%
5.1%
Q3 25
3.5%
3.1%
Q2 25
2.8%
5.0%
Q1 25
2.3%
5.4%
Q4 24
3.0%
Q3 24
2.9%
5.5%
Q2 24
2.9%
5.7%
Cash Conversion
NDAQ
NDAQ
SON
SON
Q1 26
Q4 25
1.21×
1.24×
Q3 25
0.52×
2.37×
Q2 25
1.65×
0.39×
Q1 25
1.68×
-3.82×
Q4 24
1.99×
Q3 24
0.80×
3.18×
Q2 24
2.07×
1.20×

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%

SON
SON

Consumer Packaging$1.1B65%
Industrial Paper Packaging$579.4M35%
All Other$55.1M3%

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