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Side-by-side financial comparison of Oatly Group AB (OTLY) and Performance Food Group Co (PFGC), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
Performance Food Group Co is the larger business by last-quarter revenue ($16.4B vs $208.4M, roughly 78.9× Oatly Group AB). Performance Food Group Co runs the higher net margin — -26.9% vs 0.4%, a 27.2% gap on every dollar of revenue. On growth, Performance Food Group Co posted the faster year-over-year revenue change (5.2% vs 3.0%).
Oatly Group AB is a Swedish food company, publicly traded on the American stock market, that produces alternatives to dairy products from oats, including oat milk. Oatly was formed in the 1990s using research from Lund University. Oatly has headquarters in Malmö and a production and development centre in Landskrona.
PepsiCo, Inc. is an American multinational food and beverage corporation headquartered in Harrison, New York, in the hamlet of Purchase. PepsiCo's business encompasses all aspects of the food and beverage market. It oversees the manufacturing, distribution, and marketing of its products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company and Frito-Lay, Inc., PepsiCo has since expanded from its namesake product Pepsi to an immensely diversified range of food and beverage bran...
OTLY vs PFGC — Head-to-Head
Income Statement — Q2 2025 vs Q2 2026
| Metric | | |
|---|---|---|
| Revenue | $208.4M | $16.4B |
| Net Profit | $-55.9M | $61.7M |
| Gross Margin | 32.5% | 12.0% |
| Operating Margin | -10.6% | 1.2% |
| Net Margin | -26.9% | 0.4% |
| Revenue YoY | 3.0% | 5.2% |
| Net Profit YoY | -83.8% | 45.5% |
| EPS (diluted) | $-0.09 | $0.39 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $16.4B | ||
| Q3 25 | — | $17.1B | ||
| Q2 25 | $208.4M | $16.9B | ||
| Q1 25 | — | $15.3B | ||
| Q4 24 | — | $15.6B | ||
| Q3 24 | — | $15.4B | ||
| Q2 24 | $202.2M | $15.2B | ||
| Q1 24 | — | $13.9B |
| Q4 25 | — | $61.7M | ||
| Q3 25 | — | $93.6M | ||
| Q2 25 | $-55.9M | $131.5M | ||
| Q1 25 | — | $58.3M | ||
| Q4 24 | — | $42.4M | ||
| Q3 24 | — | $108.0M | ||
| Q2 24 | $-30.4M | $166.5M | ||
| Q1 24 | — | $70.4M |
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 11.8% | ||
| Q2 25 | 32.5% | 11.8% | ||
| Q1 25 | — | 11.9% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | — | 11.4% | ||
| Q2 24 | 29.2% | 11.5% | ||
| Q1 24 | — | 11.3% |
| Q4 25 | — | 1.2% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | -10.6% | 1.6% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 1.4% | ||
| Q2 24 | -19.3% | 1.9% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | -26.9% | 0.8% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | -15.1% | 1.1% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.60 | ||
| Q2 25 | $-0.09 | $0.85 | ||
| Q1 25 | — | $0.37 | ||
| Q4 24 | — | $0.27 | ||
| Q3 24 | — | $0.69 | ||
| Q2 24 | $-0.05 | $1.07 | ||
| Q1 24 | — | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $67.9M | — |
| Total DebtLower is stronger | — | $5.3B |
| Stockholders' EquityBook value | $96.7M | $4.6B |
| Total Assets | $803.1M | $18.2B |
| Debt / EquityLower = less leverage | — | 1.13× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $67.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $142.7M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $5.3B | ||
| Q3 25 | — | $5.6B | ||
| Q2 25 | — | $5.4B | ||
| Q1 25 | — | $5.4B | ||
| Q4 24 | — | $5.7B | ||
| Q3 24 | — | $3.9B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | $3.2B |
| Q4 25 | — | $4.6B | ||
| Q3 25 | — | $4.6B | ||
| Q2 25 | $96.7M | $4.5B | ||
| Q1 25 | — | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.2B | ||
| Q2 24 | $245.8M | $4.1B | ||
| Q1 24 | — | $4.0B |
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $18.4B | ||
| Q2 25 | $803.1M | $17.9B | ||
| Q1 25 | — | $17.1B | ||
| Q4 24 | — | $17.1B | ||
| Q3 24 | — | $14.4B | ||
| Q2 24 | — | $13.4B | ||
| Q1 24 | — | $12.9B |
| Q4 25 | — | 1.13× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 1.25× | ||
| Q4 24 | — | 1.34× | ||
| Q3 24 | — | 0.93× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.81× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $601.2M |
| Free Cash FlowOCF − Capex | — | $487.8M |
| FCF MarginFCF / Revenue | — | 3.0% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | — | 0.7% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 9.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $792.7M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $601.2M | ||
| Q3 25 | — | $-145.2M | ||
| Q2 25 | — | $383.0M | ||
| Q1 25 | — | $448.1M | ||
| Q4 24 | — | $325.5M | ||
| Q3 24 | — | $53.5M | ||
| Q2 24 | — | $206.3M | ||
| Q1 24 | — | $402.7M |
| Q4 25 | — | $487.8M | ||
| Q3 25 | — | $-224.1M | ||
| Q2 25 | — | $209.7M | ||
| Q1 25 | — | $319.3M | ||
| Q4 24 | — | $218.1M | ||
| Q3 24 | — | $-43.0M | ||
| Q2 24 | — | $55.1M | ||
| Q1 24 | — | $305.4M |
| Q4 25 | — | 3.0% | ||
| Q3 25 | — | -1.3% | ||
| Q2 25 | — | 1.2% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | -0.3% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 2.2% |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | 9.74× | ||
| Q3 25 | — | -1.55× | ||
| Q2 25 | — | 2.91× | ||
| Q1 25 | — | 7.69× | ||
| Q4 24 | — | 7.68× | ||
| Q3 24 | — | 0.50× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | — | 5.72× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
OTLY
Segment breakdown not available.
PFGC
| Foodservice | $8.8B | 54% |
| Convenience | $6.3B | 38% |
| Specialty | $1.3B | 8% |
