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Side-by-side financial comparison of Aterian, Inc. (ATER) and Electromed, Inc. (ELMD). Click either name above to swap in a different company.
Electromed, Inc. is the larger business by last-quarter revenue ($18.9M vs $15.1M, roughly 1.2× Aterian, Inc.). Electromed, Inc. runs the higher net margin — 14.6% vs -52.5%, a 67.1% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs -38.5%). Electromed, Inc. produced more free cash flow last quarter ($2.4M vs $-1.0M). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs -13.5%).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.
ATER vs ELMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $18.9M |
| Net Profit | $-7.9M | $2.8M |
| Gross Margin | 56.1% | 78.4% |
| Operating Margin | -51.1% | 19.2% |
| Net Margin | -52.5% | 14.6% |
| Revenue YoY | -38.5% | 16.3% |
| Net Profit YoY | -512.2% | 40.3% |
| EPS (diluted) | — | $0.32 |
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.
| Q4 25 | $15.1M | $18.9M | ||
| Q3 25 | $19.0M | $16.9M | ||
| Q2 25 | $19.5M | $17.4M | ||
| Q1 25 | $15.4M | $15.7M | ||
| Q4 24 | $24.6M | $16.3M | ||
| Q3 24 | $26.2M | $14.7M | ||
| Q2 24 | $28.0M | $14.8M | ||
| Q1 24 | $20.2M | $13.9M |
| Q4 25 | $-7.9M | $2.8M | ||
| Q3 25 | $-2.3M | $2.1M | ||
| Q2 25 | $-4.9M | $2.2M | ||
| Q1 25 | $-3.9M | $1.9M | ||
| Q4 24 | $-1.3M | $2.0M | ||
| Q3 24 | $-1.8M | $1.5M | ||
| Q2 24 | $-3.6M | $1.8M | ||
| Q1 24 | $-5.2M | $1.5M |
| Q4 25 | 56.1% | 78.4% | ||
| Q3 25 | 56.1% | 78.1% | ||
| Q2 25 | 54.3% | 78.3% | ||
| Q1 25 | 61.4% | 78.0% | ||
| Q4 24 | 63.4% | 77.7% | ||
| Q3 24 | 60.3% | 78.3% | ||
| Q2 24 | 60.4% | 76.2% | ||
| Q1 24 | 65.1% | 74.8% |
| Q4 25 | -51.1% | 19.2% | ||
| Q3 25 | -10.7% | 15.8% | ||
| Q2 25 | -23.1% | 17.5% | ||
| Q1 25 | -24.1% | 13.6% | ||
| Q4 24 | -6.5% | 15.6% | ||
| Q3 24 | -6.6% | 13.2% | ||
| Q2 24 | -11.5% | 15.7% | ||
| Q1 24 | -26.1% | 13.3% |
| Q4 25 | -52.5% | 14.6% | ||
| Q3 25 | -12.0% | 12.6% | ||
| Q2 25 | -25.0% | 12.7% | ||
| Q1 25 | -25.4% | 12.1% | ||
| Q4 24 | -5.3% | 12.1% | ||
| Q3 24 | -6.8% | 10.0% | ||
| Q2 24 | -13.0% | 12.3% | ||
| Q1 24 | -25.5% | 10.8% |
| Q4 25 | — | $0.32 | ||
| Q3 25 | — | $0.25 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.21 | ||
| Q4 24 | — | $0.22 | ||
| Q3 24 | — | $0.16 | ||
| Q2 24 | — | $0.20 | ||
| Q1 24 | — | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $13.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $45.4M |
| Total Assets | $29.6M | $54.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $13.8M | ||
| Q3 25 | $7.6M | $14.1M | ||
| Q2 25 | $10.5M | $15.3M | ||
| Q1 25 | $14.3M | $15.2M | ||
| Q4 24 | $18.0M | $16.2M | ||
| Q3 24 | $16.1M | $13.9M | ||
| Q2 24 | $20.3M | $16.1M | ||
| Q1 24 | $17.5M | $11.7M |
| Q4 25 | $15.2M | $45.4M | ||
| Q3 25 | $22.6M | $44.7M | ||
| Q2 25 | $24.3M | $43.2M | ||
| Q1 25 | $27.0M | $43.9M | ||
| Q4 24 | $30.0M | $43.6M | ||
| Q3 24 | $30.6M | $41.5M | ||
| Q2 24 | $30.9M | $44.5M | ||
| Q1 24 | $33.0M | $42.5M |
| Q4 25 | $29.6M | $54.9M | ||
| Q3 25 | $40.1M | $53.6M | ||
| Q2 25 | $45.4M | $53.8M | ||
| Q1 25 | $49.8M | $52.5M | ||
| Q4 24 | $49.5M | $52.3M | ||
| Q3 24 | $52.1M | $48.9M | ||
| Q2 24 | $59.9M | $52.2M | ||
| Q1 24 | $55.7M | $48.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $3.0M |
| Free Cash FlowOCF − Capex | $-1.0M | $2.4M |
| FCF MarginFCF / Revenue | -6.9% | 12.7% |
| Capex IntensityCapex / Revenue | 0.0% | 3.4% |
| Cash ConversionOCF / Net Profit | — | 1.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $7.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $3.0M | ||
| Q3 25 | $-1.6M | $169.0K | ||
| Q2 25 | $-4.4M | $3.9M | ||
| Q1 25 | $-3.9M | $2.1M | ||
| Q4 24 | $-9.0K | $3.2M | ||
| Q3 24 | $-722.0K | $2.3M | ||
| Q2 24 | $2.9M | $4.5M | ||
| Q1 24 | $-6.0K | $1.4M |
| Q4 25 | $-1.0M | $2.4M | ||
| Q3 25 | $-1.6M | $-83.0K | ||
| Q2 25 | $-4.4M | $3.7M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $2.9M | ||
| Q3 24 | — | $2.3M | ||
| Q2 24 | $2.9M | $4.5M | ||
| Q1 24 | $-42.0K | $1.3M |
| Q4 25 | -6.9% | 12.7% | ||
| Q3 25 | -8.4% | -0.5% | ||
| Q2 25 | -22.7% | 21.4% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 18.0% | ||
| Q3 24 | — | 15.5% | ||
| Q2 24 | 10.3% | 30.1% | ||
| Q1 24 | -0.2% | 9.1% |
| Q4 25 | 0.0% | 3.4% | ||
| Q3 25 | 0.2% | 1.5% | ||
| Q2 25 | 0.0% | 0.8% | ||
| Q1 25 | 0.0% | 1.0% | ||
| Q4 24 | 0.0% | 1.4% | ||
| Q3 24 | 0.0% | 0.3% | ||
| Q2 24 | 0.0% | 0.1% | ||
| Q1 24 | 0.2% | 0.6% |
| Q4 25 | — | 1.10× | ||
| Q3 25 | — | 0.08× | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 1.60× | ||
| Q3 24 | — | 1.57× | ||
| Q2 24 | — | 2.46× | ||
| Q1 24 | — | 0.90× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
ELMD
| Homecare | $17.3M | 91% |
| Other | $1.6M | 9% |
