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Side-by-side financial comparison of RLI CORP (RLI) and StubHub Holdings, Inc. (STUB). Click either name above to swap in a different company.

StubHub Holdings, Inc. is the larger business by last-quarter revenue ($468.1M vs $465.7M, roughly 1.0× RLI CORP). RLI CORP runs the higher net margin — 19.6% vs -276.6%, a 296.1% gap on every dollar of revenue. On growth, StubHub Holdings, Inc. posted the faster year-over-year revenue change (7.9% vs 6.1%). StubHub Holdings, Inc. produced more free cash flow last quarter ($180.3M vs $155.0M).

RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.

StubHub Holdings operates a leading global online ticket marketplace for live entertainment events. It facilitates secure resale and direct purchase of tickets for concerts, sports matches, theater performances and other live experiences, serving consumers, event organizers and sellers across North America, Europe and Asia-Pacific.

RLI vs STUB — Head-to-Head

Bigger by revenue
STUB
STUB
1.0× larger
STUB
$468.1M
$465.7M
RLI
Growing faster (revenue YoY)
STUB
STUB
+1.9% gap
STUB
7.9%
6.1%
RLI
Higher net margin
RLI
RLI
296.1% more per $
RLI
19.6%
-276.6%
STUB
More free cash flow
STUB
STUB
$25.3M more FCF
STUB
$180.3M
$155.0M
RLI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
RLI
RLI
STUB
STUB
Revenue
$465.7M
$468.1M
Net Profit
$91.2M
$-1.3B
Gross Margin
Operating Margin
24.4%
-292.3%
Net Margin
19.6%
-276.6%
Revenue YoY
6.1%
7.9%
Net Profit YoY
123.1%
-3821.6%
EPS (diluted)
$1.00
$-4.27

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
RLI
RLI
STUB
STUB
Q4 25
$465.7M
Q3 25
$509.3M
$468.1M
Q2 25
$499.8M
Q1 25
$407.7M
Q4 24
$439.1M
Q3 24
$470.0M
$433.8M
Q2 24
$416.4M
Q1 24
$444.8M
Net Profit
RLI
RLI
STUB
STUB
Q4 25
$91.2M
Q3 25
$124.6M
$-1.3B
Q2 25
$124.3M
Q1 25
$63.2M
Q4 24
$40.9M
Q3 24
$95.0M
$-33.0M
Q2 24
$82.0M
Q1 24
$127.9M
Operating Margin
RLI
RLI
STUB
STUB
Q4 25
24.4%
Q3 25
30.9%
-292.3%
Q2 25
31.3%
Q1 25
19.3%
Q4 24
10.8%
Q3 24
24.9%
2.8%
Q2 24
24.8%
Q1 24
36.0%
Net Margin
RLI
RLI
STUB
STUB
Q4 25
19.6%
Q3 25
24.5%
-276.6%
Q2 25
24.9%
Q1 25
15.5%
Q4 24
9.3%
Q3 24
20.2%
-7.6%
Q2 24
19.7%
Q1 24
28.8%
EPS (diluted)
RLI
RLI
STUB
STUB
Q4 25
$1.00
Q3 25
$1.35
$-4.27
Q2 25
$1.34
Q1 25
$0.68
Q4 24
$-2.87
Q3 24
$2.06
$-0.15
Q2 24
$1.78
Q1 24
$2.77

Balance Sheet & Financial Strength

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

Metric
RLI
RLI
STUB
STUB
Cash + ST InvestmentsLiquidity on hand
$1.4B
Total DebtLower is stronger
$1.7B
Stockholders' EquityBook value
$1.8B
$1.7B
Total Assets
$6.2B
$5.6B
Debt / EquityLower = less leverage
0.98×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RLI
RLI
STUB
STUB
Q4 25
Q3 25
$1.4B
Q2 25
Q1 25
Q4 24
Q3 24
$1.1B
Q2 24
Q1 24
Total Debt
RLI
RLI
STUB
STUB
Q4 25
Q3 25
$100.0M
$1.7B
Q2 25
$100.0M
Q1 25
$100.0M
Q4 24
$100.0M
Q3 24
$100.0M
Q2 24
$100.0M
Q1 24
$100.0M
Stockholders' Equity
RLI
RLI
STUB
STUB
Q4 25
$1.8B
Q3 25
$1.9B
$1.7B
Q2 25
$1.7B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$1.7B
$815.9M
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
RLI
RLI
STUB
STUB
Q4 25
$6.2B
Q3 25
$6.2B
$5.6B
Q2 25
$6.0B
Q1 25
$5.7B
Q4 24
$5.6B
Q3 24
$5.8B
Q2 24
$5.5B
Q1 24
$5.3B
Debt / Equity
RLI
RLI
STUB
STUB
Q4 25
Q3 25
0.05×
0.98×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
0.07×
Q3 24
0.06×
Q2 24
0.06×
Q1 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
RLI
RLI
STUB
STUB
Operating Cash FlowLast quarter
$156.8M
$181.4M
Free Cash FlowOCF − Capex
$155.0M
$180.3M
FCF MarginFCF / Revenue
33.3%
38.5%
Capex IntensityCapex / Revenue
0.4%
0.2%
Cash ConversionOCF / Net Profit
1.72×
TTM Free Cash FlowTrailing 4 quarters
$608.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RLI
RLI
STUB
STUB
Q4 25
$156.8M
Q3 25
$179.2M
$181.4M
Q2 25
$174.7M
Q1 25
$103.5M
Q4 24
$128.1M
Q3 24
$219.4M
Q2 24
$141.8M
Q1 24
$70.9M
Free Cash Flow
RLI
RLI
STUB
STUB
Q4 25
$155.0M
Q3 25
$177.8M
$180.3M
Q2 25
$173.4M
Q1 25
$102.5M
Q4 24
$127.6M
Q3 24
$219.0M
Q2 24
$139.1M
Q1 24
$69.9M
FCF Margin
RLI
RLI
STUB
STUB
Q4 25
33.3%
Q3 25
34.9%
38.5%
Q2 25
34.7%
Q1 25
25.1%
Q4 24
29.0%
Q3 24
46.6%
Q2 24
33.4%
Q1 24
15.7%
Capex Intensity
RLI
RLI
STUB
STUB
Q4 25
0.4%
Q3 25
0.3%
0.2%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.1%
Q3 24
0.1%
Q2 24
0.7%
Q1 24
0.2%
Cash Conversion
RLI
RLI
STUB
STUB
Q4 25
1.72×
Q3 25
1.44×
Q2 25
1.41×
Q1 25
1.64×
Q4 24
3.13×
Q3 24
2.31×
Q2 24
1.73×
Q1 24
0.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RLI
RLI

Casualty Segment$246.8M53%
Property Insurance Segment$122.5M26%
Other$59.3M13%
Surety Insurance Segment$37.1M8%

STUB
STUB

Transaction Fees$453.4M97%
Other$14.7M3%

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