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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and SLM Corp (SLM). Click either name above to swap in a different company.

SLM Corp is the larger business by last-quarter revenue ($560.0M vs $364.8M, roughly 1.5× Arhaus, Inc.). SLM Corp runs the higher net margin — 55.0% vs 4.1%, a 50.9% gap on every dollar of revenue. Over the past eight quarters, SLM Corp's revenue compounded faster (22.7% CAGR vs 11.2%).

Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.

Nikon SLM Solutions AG, headquartered in Lübeck, Germany, is a manufacturer of 3D metal printers listed on the stock market and co-owner of the word mark SLM. The shares of SLM Solutions Group AG have been listed in Prime Standard of the Frankfurt Stock Exchange since May 9, 2014.

ARHS vs SLM — Head-to-Head

Bigger by revenue
SLM
SLM
1.5× larger
SLM
$560.0M
$364.8M
ARHS
Higher net margin
SLM
SLM
50.9% more per $
SLM
55.0%
4.1%
ARHS
Faster 2-yr revenue CAGR
SLM
SLM
Annualised
SLM
22.7%
11.2%
ARHS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARHS
ARHS
SLM
SLM
Revenue
$364.8M
$560.0M
Net Profit
$15.1M
$308.0M
Gross Margin
38.1%
Operating Margin
5.6%
69.6%
Net Margin
4.1%
55.0%
Revenue YoY
5.1%
Net Profit YoY
-29.1%
1.0%
EPS (diluted)
$0.11
$1.54

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
ARHS
ARHS
SLM
SLM
Q1 26
$560.0M
Q4 25
$364.8M
$377.1M
Q3 25
$344.6M
$373.0M
Q2 25
$358.4M
$376.8M
Q1 25
$311.4M
$375.0M
Q4 24
$347.0M
$362.2M
Q3 24
$319.1M
$359.4M
Q2 24
$309.8M
$372.2M
Net Profit
ARHS
ARHS
SLM
SLM
Q1 26
$308.0M
Q4 25
$15.1M
$233.2M
Q3 25
$12.2M
$135.8M
Q2 25
$35.1M
$71.3M
Q1 25
$4.9M
$304.5M
Q4 24
$21.3M
$111.6M
Q3 24
$9.9M
$-45.2M
Q2 24
$22.2M
$252.0M
Gross Margin
ARHS
ARHS
SLM
SLM
Q1 26
Q4 25
38.1%
Q3 25
38.7%
Q2 25
41.4%
Q1 25
37.1%
Q4 24
40.0%
Q3 24
38.6%
Q2 24
40.1%
Operating Margin
ARHS
ARHS
SLM
SLM
Q1 26
69.6%
Q4 25
5.6%
83.8%
Q3 25
4.8%
49.8%
Q2 25
13.0%
23.3%
Q1 25
1.7%
Q4 24
8.2%
36.5%
Q3 24
3.3%
-16.6%
Q2 24
9.5%
91.0%
Net Margin
ARHS
ARHS
SLM
SLM
Q1 26
55.0%
Q4 25
4.1%
61.8%
Q3 25
3.5%
36.4%
Q2 25
9.8%
18.9%
Q1 25
1.6%
81.2%
Q4 24
6.1%
30.8%
Q3 24
3.1%
-12.6%
Q2 24
7.2%
67.7%
EPS (diluted)
ARHS
ARHS
SLM
SLM
Q1 26
$1.54
Q4 25
$0.11
$1.11
Q3 25
$0.09
$0.63
Q2 25
$0.25
$0.32
Q1 25
$0.03
$1.40
Q4 24
$0.15
$0.53
Q3 24
$0.07
$-0.23
Q2 24
$0.16
$1.11

Balance Sheet & Financial Strength

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

Metric
ARHS
ARHS
SLM
SLM
Cash + ST InvestmentsLiquidity on hand
$253.4M
$5.2B
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$418.2M
$2.4B
Total Assets
$1.4B
$29.4B
Debt / EquityLower = less leverage
2.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARHS
ARHS
SLM
SLM
Q1 26
$5.2B
Q4 25
$253.4M
$4.2B
Q3 25
$262.2M
$3.5B
Q2 25
$234.8M
$4.1B
Q1 25
$214.4M
$3.7B
Q4 24
$197.5M
$4.7B
Q3 24
$177.7M
$4.5B
Q2 24
$174.2M
$5.3B
Total Debt
ARHS
ARHS
SLM
SLM
Q1 26
$6.2B
Q4 25
$5.4B
Q3 25
$6.8B
Q2 25
$6.4B
Q1 25
$6.1B
Q4 24
$6.4B
Q3 24
$6.0B
Q2 24
$5.4B
Stockholders' Equity
ARHS
ARHS
SLM
SLM
Q1 26
$2.4B
Q4 25
$418.2M
$2.5B
Q3 25
$400.4M
$2.3B
Q2 25
$385.6M
$2.4B
Q1 25
$348.8M
$2.4B
Q4 24
$343.7M
$2.2B
Q3 24
$320.6M
$2.1B
Q2 24
$309.3M
$2.3B
Total Assets
ARHS
ARHS
SLM
SLM
Q1 26
$29.4B
Q4 25
$1.4B
$29.7B
Q3 25
$1.4B
$29.6B
Q2 25
$1.3B
$29.6B
Q1 25
$1.3B
$28.9B
Q4 24
$1.2B
$30.1B
Q3 24
$1.2B
$30.0B
Q2 24
$1.2B
$28.8B
Debt / Equity
ARHS
ARHS
SLM
SLM
Q1 26
2.53×
Q4 25
2.19×
Q3 25
2.92×
Q2 25
2.70×
Q1 25
2.56×
Q4 24
2.98×
Q3 24
2.83×
Q2 24
2.37×

Cash Flow & Capital Efficiency

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

Metric
ARHS
ARHS
SLM
SLM
Operating Cash FlowLast quarter
$9.3M
Free Cash FlowOCF − Capex
$-8.8M
FCF MarginFCF / Revenue
-2.4%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
0.62×
TTM Free Cash FlowTrailing 4 quarters
$59.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARHS
ARHS
SLM
SLM
Q1 26
Q4 25
$9.3M
$-64.5M
Q3 25
$46.1M
$-49.3M
Q2 25
$34.9M
$-138.7M
Q1 25
$46.5M
$-146.1M
Q4 24
$31.7M
$4.5M
Q3 24
$31.1M
$-113.4M
Q2 24
$47.5M
$-143.8M
Free Cash Flow
ARHS
ARHS
SLM
SLM
Q1 26
Q4 25
$-8.8M
Q3 25
$28.0M
Q2 25
$20.9M
Q1 25
$18.9M
Q4 24
$13.0M
Q3 24
$4.6M
Q2 24
$11.3M
FCF Margin
ARHS
ARHS
SLM
SLM
Q1 26
Q4 25
-2.4%
Q3 25
8.1%
Q2 25
5.8%
Q1 25
6.1%
Q4 24
3.7%
Q3 24
1.4%
Q2 24
3.6%
Capex Intensity
ARHS
ARHS
SLM
SLM
Q1 26
Q4 25
5.0%
Q3 25
5.3%
Q2 25
3.9%
Q1 25
8.9%
Q4 24
5.4%
Q3 24
8.3%
Q2 24
11.7%
Cash Conversion
ARHS
ARHS
SLM
SLM
Q1 26
Q4 25
0.62×
-0.28×
Q3 25
3.77×
-0.36×
Q2 25
1.00×
-1.95×
Q1 25
9.53×
-0.48×
Q4 24
1.49×
0.04×
Q3 24
3.14×
Q2 24
2.14×
-0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARHS
ARHS

Sales Channel Retail$305.7M84%
Sales Channel E Commerce$59.2M16%

SLM
SLM

Net Interest Income$375.0M67%
Noninterest Income$185.0M33%

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