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Side-by-side financial comparison of TreeHouse Foods, Inc. (THS) and VEON Ltd. (VEON). Click either name above to swap in a different company.

VEON Ltd. is the larger business by last-quarter revenue ($1.1B vs $840.3M, roughly 1.3× TreeHouse Foods, Inc.). VEON Ltd. runs the higher net margin — 55.9% vs -31.6%, a 87.6% gap on every dollar of revenue. On growth, VEON Ltd. posted the faster year-over-year revenue change (5.8% vs 0.1%).

TreeHouse Foods Inc. is a multinational food processing company specializing in producing private label packaged foods headquartered in Oak Brook, Illinois. Created in 2005 and consisting entirely of acquisitions, in 2010 the company had sales of $2 billion and employed over 4,000 people at 20 facilities. Food Processing magazine named TreeHouse Foods their 2010 Processor of the Year, calling them "the biggest company you never heard of". In 2015, the company was the 37th-largest food and bev...

VEON Ltd., also known as VEON Group, is a multinational telecommunication and digital services company. Headquartered in Dubai, the company is publicly traded on the U.S.-based NASDAQ stock exchange. VEON operates in six markets in Europe and Asia, including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan. Specific brands include Banglalink in Bangladesh, Jazz in Pakistan, Kyivstar in Ukraine, and units operating in Kazakhstan, Kyrgyzstan, and Uzbekistan under the Beeline...

THS vs VEON — Head-to-Head

Bigger by revenue
VEON
VEON
1.3× larger
VEON
$1.1B
$840.3M
THS
Growing faster (revenue YoY)
VEON
VEON
+5.7% gap
VEON
5.8%
0.1%
THS
Higher net margin
VEON
VEON
87.6% more per $
VEON
55.9%
-31.6%
THS

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
THS
THS
VEON
VEON
Revenue
$840.3M
$1.1B
Net Profit
$-265.8M
$608.0M
Gross Margin
18.8%
Operating Margin
-30.2%
75.4%
Net Margin
-31.6%
55.9%
Revenue YoY
0.1%
5.8%
Net Profit YoY
-7717.6%
583.1%
EPS (diluted)
$-5.26
$0.34

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
THS
THS
VEON
VEON
Q3 25
$840.3M
Q2 25
$798.0M
$1.1B
Q1 25
$792.0M
Q4 24
$905.7M
Q3 24
$839.1M
Q2 24
$788.5M
$1.0B
Q1 24
$820.7M
Q4 23
$910.8M
Net Profit
THS
THS
VEON
VEON
Q3 25
$-265.8M
Q2 25
$-2.9M
$608.0M
Q1 25
$-31.8M
Q4 24
$58.7M
Q3 24
$-3.4M
Q2 24
$-16.7M
$89.0M
Q1 24
$-11.7M
Q4 23
$7.5M
Gross Margin
THS
THS
VEON
VEON
Q3 25
18.8%
Q2 25
17.4%
Q1 25
14.5%
Q4 24
19.5%
Q3 24
15.6%
Q2 24
16.3%
Q1 24
13.6%
Q4 23
16.7%
Operating Margin
THS
THS
VEON
VEON
Q3 25
-30.2%
Q2 25
3.4%
75.4%
Q1 25
-0.7%
Q4 24
8.9%
Q3 24
3.8%
Q2 24
-0.5%
27.1%
Q1 24
-0.6%
Q4 23
4.6%
Net Margin
THS
THS
VEON
VEON
Q3 25
-31.6%
Q2 25
-0.4%
55.9%
Q1 25
-4.0%
Q4 24
6.5%
Q3 24
-0.4%
Q2 24
-2.1%
8.7%
Q1 24
-1.4%
Q4 23
0.8%
EPS (diluted)
THS
THS
VEON
VEON
Q3 25
$-5.26
Q2 25
$-0.06
$0.34
Q1 25
$-0.63
Q4 24
$1.12
Q3 24
$-0.07
Q2 24
$-0.32
$0.04
Q1 24
$-0.22
Q4 23
$0.13

Balance Sheet & Financial Strength

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

Metric
THS
THS
VEON
VEON
Cash + ST InvestmentsLiquidity on hand
$21.0M
$1.3B
Total DebtLower is stronger
$1.5B
Stockholders' EquityBook value
$1.3B
$1.5B
Total Assets
$3.8B
$8.5B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THS
THS
VEON
VEON
Q3 25
$21.0M
Q2 25
$17.1M
$1.3B
Q1 25
$16.4M
Q4 24
$289.6M
Q3 24
$102.0M
Q2 24
$105.8M
$862.0M
Q1 24
$191.8M
Q4 23
$320.3M
Total Debt
THS
THS
VEON
VEON
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.4B
Q4 23
$1.4B
Stockholders' Equity
THS
THS
VEON
VEON
Q3 25
$1.3B
Q2 25
$1.5B
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$1.6B
$1.1B
Q1 24
$1.6B
Q4 23
$1.7B
Total Assets
THS
THS
VEON
VEON
Q3 25
$3.8B
Q2 25
$4.0B
$8.5B
Q1 25
$3.9B
Q4 24
$4.0B
Q3 24
$4.0B
Q2 24
$3.9B
$7.3B
Q1 24
$4.0B
Q4 23
$4.1B
Debt / Equity
THS
THS
VEON
VEON
Q3 25
1.18×
Q2 25
0.98×
Q1 25
0.93×
Q4 24
0.90×
Q3 24
0.90×
Q2 24
0.90×
Q1 24
0.87×
Q4 23
0.84×

Cash Flow & Capital Efficiency

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

Metric
THS
THS
VEON
VEON
Operating Cash FlowLast quarter
$38.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THS
THS
VEON
VEON
Q3 25
$38.2M
Q2 25
$-47.2M
Q1 25
$-53.5M
Q4 24
$296.2M
Q3 24
$41.4M
Q2 24
$-19.4M
Q1 24
$-52.4M
Q4 23
$147.0M
Free Cash Flow
THS
THS
VEON
VEON
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-42.2M
Q1 24
$-80.7M
Q4 23
$84.3M
FCF Margin
THS
THS
VEON
VEON
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-5.4%
Q1 24
-9.8%
Q4 23
9.3%
Capex Intensity
THS
THS
VEON
VEON
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
2.9%
Q1 24
3.4%
Q4 23
6.9%
Cash Conversion
THS
THS
VEON
VEON
Q3 25
Q2 25
Q1 25
Q4 24
5.05×
Q3 24
Q2 24
Q1 24
Q4 23
19.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THS
THS

Retail Grocery Customers$670.6M80%
Food Away From Home And Other$85.3M10%
Co Manufacturing$84.4M10%

VEON
VEON

Segment breakdown not available.

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