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Side-by-side financial comparison of Qfin Holdings, Inc. (QFIN) and Veralto (VLTO). Click either name above to swap in a different company.

Veralto is the larger business by last-quarter revenue ($1.4B vs $731.2M, roughly 1.9× Qfin Holdings, Inc.). Qfin Holdings, Inc. runs the higher net margin — 27.5% vs 17.9%, a 9.7% gap on every dollar of revenue. Over the past eight quarters, Qfin Holdings, Inc.'s revenue compounded faster (16.4% CAGR vs 6.8%).

Qfin Holdings Inc. is a leading China-based fintech enterprise that mainly provides intelligent credit solutions, risk management technology support, and digital financial service tools. It collaborates with licensed financial institutions to serve individual consumers and micro, small and medium-sized enterprises across China, using big data and artificial intelligence to boost financial inclusion and operational efficiency.

Veralto Corporation is an American technology company headquartered in Waltham, Massachusetts. It produces products related to water analytics, water treatment, marking and coding, and packaging and color.

QFIN vs VLTO — Head-to-Head

Bigger by revenue
VLTO
VLTO
1.9× larger
VLTO
$1.4B
$731.2M
QFIN
Higher net margin
QFIN
QFIN
9.7% more per $
QFIN
27.5%
17.9%
VLTO
Faster 2-yr revenue CAGR
QFIN
QFIN
Annualised
QFIN
16.4%
6.8%
VLTO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
QFIN
QFIN
VLTO
VLTO
Revenue
$731.2M
$1.4B
Net Profit
$201.2M
$254.0M
Gross Margin
60.1%
Operating Margin
32.7%
23.8%
Net Margin
27.5%
17.9%
Revenue YoY
6.8%
Net Profit YoY
12.9%
EPS (diluted)
$1.02

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
QFIN
QFIN
VLTO
VLTO
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$731.2M
$1.4B
Q2 25
$728.1M
$1.3B
Q1 25
$646.4M
Q4 24
$1.3B
Q3 24
$622.7M
$1.3B
Q2 24
$572.4M
$1.3B
Net Profit
QFIN
QFIN
VLTO
VLTO
Q1 26
$254.0M
Q4 25
$239.0M
Q3 25
$201.2M
$222.0M
Q2 25
$241.6M
$225.0M
Q1 25
$247.6M
Q4 24
$227.0M
Q3 24
$256.3M
$219.0M
Q2 24
$189.4M
$203.0M
Gross Margin
QFIN
QFIN
VLTO
VLTO
Q1 26
60.1%
Q4 25
60.1%
Q3 25
60.0%
Q2 25
60.4%
Q1 25
Q4 24
59.6%
Q3 24
59.6%
Q2 24
60.1%
Operating Margin
QFIN
QFIN
VLTO
VLTO
Q1 26
23.8%
Q4 25
23.2%
Q3 25
32.7%
22.8%
Q2 25
41.0%
24.2%
Q1 25
42.1%
Q4 24
22.9%
Q3 24
52.4%
23.4%
Q2 24
47.7%
23.2%
Net Margin
QFIN
QFIN
VLTO
VLTO
Q1 26
17.9%
Q4 25
17.0%
Q3 25
27.5%
16.2%
Q2 25
33.2%
16.9%
Q1 25
38.3%
Q4 24
16.9%
Q3 24
41.2%
16.7%
Q2 24
33.1%
15.8%
EPS (diluted)
QFIN
QFIN
VLTO
VLTO
Q1 26
$1.02
Q4 25
$0.95
Q3 25
$0.89
Q2 25
$0.90
Q1 25
Q4 24
$0.91
Q3 24
$0.88
Q2 24
$0.81

Balance Sheet & Financial Strength

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

Metric
QFIN
QFIN
VLTO
VLTO
Cash + ST InvestmentsLiquidity on hand
$6.5B
Total DebtLower is stronger
Stockholders' EquityBook value
$24.3B
Total Assets
$61.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QFIN
QFIN
VLTO
VLTO
Q1 26
Q4 25
$1.8B
Q3 25
$6.5B
$1.6B
Q2 25
$5.3B
$1.2B
Q1 25
$8.6B
Q4 24
$1.1B
Q3 24
$4.3B
$1.3B
Q2 24
$6.3B
$1.0B
Total Debt
QFIN
QFIN
VLTO
VLTO
Q1 26
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
Q1 25
Q4 24
$2.6B
Q3 24
$2.6B
Q2 24
$2.6B
Stockholders' Equity
QFIN
QFIN
VLTO
VLTO
Q1 26
Q4 25
$2.8B
Q3 25
$24.3B
$2.7B
Q2 25
$24.1B
$2.3B
Q1 25
$23.1B
Q4 24
$2.0B
Q3 24
$22.9B
$2.0B
Q2 24
$22.6B
$1.7B
Total Assets
QFIN
QFIN
VLTO
VLTO
Q1 26
Q4 25
$7.4B
Q3 25
$61.4B
$7.2B
Q2 25
$59.8B
$6.6B
Q1 25
$55.6B
Q4 24
$6.4B
Q3 24
$47.0B
$6.3B
Q2 24
$47.0B
$5.9B
Debt / Equity
QFIN
QFIN
VLTO
VLTO
Q1 26
Q4 25
0.94×
Q3 25
1.01×
Q2 25
1.14×
Q1 25
Q4 24
1.28×
Q3 24
1.35×
Q2 24
1.57×

Cash Flow & Capital Efficiency

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

Metric
QFIN
QFIN
VLTO
VLTO
Operating Cash FlowLast quarter
$351.4M
$182.0M
Free Cash FlowOCF − Capex
$170.0M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.75×
0.72×
TTM Free Cash FlowTrailing 4 quarters
$893.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QFIN
QFIN
VLTO
VLTO
Q1 26
$182.0M
Q4 25
$270.0M
Q3 25
$351.4M
$339.0M
Q2 25
$366.0M
$157.0M
Q1 25
$386.6M
Q4 24
$285.0M
Q3 24
$338.0M
$224.0M
Q2 24
$269.9M
$251.0M
Free Cash Flow
QFIN
QFIN
VLTO
VLTO
Q1 26
$170.0M
Q4 25
$258.0M
Q3 25
$323.0M
Q2 25
$142.0M
Q1 25
Q4 24
$263.0M
Q3 24
$215.0M
Q2 24
$240.0M
FCF Margin
QFIN
QFIN
VLTO
VLTO
Q1 26
12.0%
Q4 25
18.4%
Q3 25
23.6%
Q2 25
10.7%
Q1 25
Q4 24
19.6%
Q3 24
16.4%
Q2 24
18.6%
Capex Intensity
QFIN
QFIN
VLTO
VLTO
Q1 26
0.8%
Q4 25
0.9%
Q3 25
1.2%
Q2 25
1.1%
Q1 25
Q4 24
1.6%
Q3 24
0.7%
Q2 24
0.9%
Cash Conversion
QFIN
QFIN
VLTO
VLTO
Q1 26
0.72×
Q4 25
1.13×
Q3 25
1.75×
1.53×
Q2 25
1.52×
0.70×
Q1 25
1.56×
Q4 24
1.26×
Q3 24
1.32×
1.02×
Q2 24
1.43×
1.24×

Financial Flow Comparison

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

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