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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and Embecta Corp. (EMBC). Click either name above to swap in a different company.

ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $261.2M, roughly 1.4× Embecta Corp.). Embecta Corp. runs the higher net margin — 16.9% vs 2.5%, a 14.3% gap on every dollar of revenue. On growth, Embecta Corp. posted the faster year-over-year revenue change (-0.3% vs -6.3%). Embecta Corp. produced more free cash flow last quarter ($16.6M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs -4.6%).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.

AENT vs EMBC — Head-to-Head

Bigger by revenue
AENT
AENT
1.4× larger
AENT
$368.7M
$261.2M
EMBC
Growing faster (revenue YoY)
EMBC
EMBC
+6.1% gap
EMBC
-0.3%
-6.3%
AENT
Higher net margin
EMBC
EMBC
14.3% more per $
EMBC
16.9%
2.5%
AENT
More free cash flow
EMBC
EMBC
$33.5M more FCF
EMBC
$16.6M
$-16.9M
AENT
Faster 2-yr revenue CAGR
AENT
AENT
Annualised
AENT
32.1%
-4.6%
EMBC

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AENT
AENT
EMBC
EMBC
Revenue
$368.7M
$261.2M
Net Profit
$9.4M
$44.1M
Gross Margin
61.9%
Operating Margin
4.7%
31.9%
Net Margin
2.5%
16.9%
Revenue YoY
-6.3%
-0.3%
Net Profit YoY
32.8%
EPS (diluted)
$0.18
$0.74

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
AENT
AENT
EMBC
EMBC
Q4 25
$368.7M
$261.2M
Q3 25
$254.0M
$264.0M
Q2 25
$227.8M
$295.5M
Q1 25
$213.0M
$259.0M
Q4 24
$393.7M
$261.9M
Q3 24
$229.0M
$286.1M
Q2 24
$236.9M
$272.5M
Q1 24
$211.2M
$287.2M
Net Profit
AENT
AENT
EMBC
EMBC
Q4 25
$9.4M
$44.1M
Q3 25
$4.9M
$26.4M
Q2 25
$5.8M
$45.5M
Q1 25
$1.9M
$23.5M
Q4 24
$7.1M
$0
Q3 24
$397.0K
$14.6M
Q2 24
$2.5M
$14.7M
Q1 24
$-3.4M
$28.9M
Gross Margin
AENT
AENT
EMBC
EMBC
Q4 25
61.9%
Q3 25
60.0%
Q2 25
66.7%
Q1 25
63.4%
Q4 24
60.0%
Q3 24
60.7%
Q2 24
69.8%
Q1 24
64.6%
Operating Margin
AENT
AENT
EMBC
EMBC
Q4 25
4.7%
31.9%
Q3 25
4.2%
21.4%
Q2 25
4.3%
31.8%
Q1 25
1.7%
24.3%
Q4 24
3.8%
11.0%
Q3 24
0.9%
9.2%
Q2 24
0.2%
20.5%
Q1 24
-0.3%
13.6%
Net Margin
AENT
AENT
EMBC
EMBC
Q4 25
2.5%
16.9%
Q3 25
1.9%
10.0%
Q2 25
2.5%
15.4%
Q1 25
0.9%
9.1%
Q4 24
1.8%
Q3 24
0.2%
5.1%
Q2 24
1.1%
5.4%
Q1 24
-1.6%
10.1%
EPS (diluted)
AENT
AENT
EMBC
EMBC
Q4 25
$0.18
$0.74
Q3 25
$0.10
$0.44
Q2 25
$0.11
$0.78
Q1 25
$0.04
$0.40
Q4 24
$0.14
$0.00
Q3 24
$0.01
$0.24
Q2 24
$0.05
$0.25
Q1 24
$-0.07
$0.50

Balance Sheet & Financial Strength

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

Metric
AENT
AENT
EMBC
EMBC
Cash + ST InvestmentsLiquidity on hand
$201.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$117.6M
$-613.1M
Total Assets
$434.1M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
EMBC
EMBC
Q4 25
$201.3M
Q3 25
$225.5M
Q2 25
$230.6M
Q1 25
$209.3M
Q4 24
$210.0M
Q3 24
$4.3M
$267.5M
Q2 24
$1.1M
$275.1M
Q1 24
$1.6M
$299.8M
Total Debt
AENT
AENT
EMBC
EMBC
Q4 25
Q3 25
$1.4B
Q2 25
Q1 25
Q4 24
Q3 24
$1.6B
Q2 24
Q1 24
Stockholders' Equity
AENT
AENT
EMBC
EMBC
Q4 25
$117.6M
$-613.1M
Q3 25
$108.1M
$-650.6M
Q2 25
$103.2M
$-669.6M
Q1 25
$97.4M
$-736.2M
Q4 24
$95.6M
$-768.8M
Q3 24
$88.0M
$-738.3M
Q2 24
$87.6M
$-763.7M
Q1 24
$85.1M
$-769.6M
Total Assets
AENT
AENT
EMBC
EMBC
Q4 25
$434.1M
$1.1B
Q3 25
$383.0M
$1.1B
Q2 25
$361.2M
$1.2B
Q1 25
$349.4M
$1.1B
Q4 24
$401.7M
$1.1B
Q3 24
$395.7M
$1.3B
Q2 24
$340.8M
$1.3B
Q1 24
$324.0M
$1.2B

Cash Flow & Capital Efficiency

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

Metric
AENT
AENT
EMBC
EMBC
Operating Cash FlowLast quarter
$-16.5M
$17.2M
Free Cash FlowOCF − Capex
$-16.9M
$16.6M
FCF MarginFCF / Revenue
-4.6%
6.4%
Capex IntensityCapex / Revenue
0.1%
0.2%
Cash ConversionOCF / Net Profit
-1.76×
0.39×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M
$205.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
EMBC
EMBC
Q4 25
$-16.5M
$17.2M
Q3 25
$2.7M
$84.0M
Q2 25
$10.7M
$81.2M
Q1 25
$2.5M
$31.8M
Q4 24
$25.3M
$-5.3M
Q3 24
$-11.6M
$26.6M
Q2 24
$9.7M
$-2.1M
Q1 24
$20.0M
$24.3M
Free Cash Flow
AENT
AENT
EMBC
EMBC
Q4 25
$-16.9M
$16.6M
Q3 25
$2.4M
$76.7M
Q2 25
$10.7M
$80.8M
Q1 25
$2.4M
$31.7M
Q4 24
$-6.8M
Q3 24
$-11.6M
Q2 24
$-11.8M
Q1 24
$20.0M
$20.9M
FCF Margin
AENT
AENT
EMBC
EMBC
Q4 25
-4.6%
6.4%
Q3 25
0.9%
29.1%
Q2 25
4.7%
27.3%
Q1 25
1.1%
12.2%
Q4 24
-2.6%
Q3 24
-5.1%
Q2 24
-4.3%
Q1 24
9.4%
7.3%
Capex Intensity
AENT
AENT
EMBC
EMBC
Q4 25
0.1%
0.2%
Q3 25
0.1%
2.8%
Q2 25
0.0%
0.1%
Q1 25
0.0%
0.0%
Q4 24
0.0%
0.6%
Q3 24
0.0%
0.0%
Q2 24
3.6%
Q1 24
0.0%
1.2%
Cash Conversion
AENT
AENT
EMBC
EMBC
Q4 25
-1.76×
0.39×
Q3 25
0.56×
3.18×
Q2 25
1.86×
1.78×
Q1 25
1.33×
1.35×
Q4 24
3.57×
Q3 24
-29.31×
1.82×
Q2 24
3.85×
-0.14×
Q1 24
0.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AENT
AENT

Segment breakdown not available.

EMBC
EMBC

Pen Needles$185.5M71%
Safety$37.3M14%
Syringes$30.7M12%
Manufacturing Facility$4.1M2%

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