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Side-by-side financial comparison of Aterian, Inc. (ATER) and JOINT Corp (JYNT). Click either name above to swap in a different company.
JOINT Corp is the larger business by last-quarter revenue ($15.2M vs $15.1M, roughly 1.0× Aterian, Inc.). JOINT Corp runs the higher net margin — 6.5% vs -52.5%, a 59.1% gap on every dollar of revenue. On growth, JOINT Corp posted the faster year-over-year revenue change (3.1% vs -38.5%). JOINT Corp produced more free cash flow last quarter ($334.7K vs $-1.0M). Over the past eight quarters, Aterian, Inc.'s revenue compounded faster (-13.5% CAGR vs -28.6%).
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.
The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.
ATER vs JYNT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $15.2M |
| Net Profit | $-7.9M | $991.1K |
| Gross Margin | 56.1% | 81.4% |
| Operating Margin | -51.1% | 4.9% |
| Net Margin | -52.5% | 6.5% |
| Revenue YoY | -38.5% | 3.1% |
| Net Profit YoY | -512.2% | 5510.5% |
| EPS (diluted) | — | $0.06 |
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 | $15.2M | ||
| Q3 25 | $19.0M | $13.4M | ||
| Q2 25 | $19.5M | $13.3M | ||
| Q1 25 | $15.4M | $13.1M | ||
| Q4 24 | $24.6M | $14.7M | ||
| Q3 24 | $26.2M | $30.2M | ||
| Q2 24 | $28.0M | $30.3M | ||
| Q1 24 | $20.2M | $29.7M |
| Q4 25 | $-7.9M | $991.1K | ||
| Q3 25 | $-2.3M | $855.0K | ||
| Q2 25 | $-4.9M | $93.4K | ||
| Q1 25 | $-3.9M | $967.8K | ||
| Q4 24 | $-1.3M | $17.7K | ||
| Q3 24 | $-1.8M | $-3.2M | ||
| Q2 24 | $-3.6M | $-3.6M | ||
| Q1 24 | $-5.2M | $947.0K |
| Q4 25 | 56.1% | 81.4% | ||
| Q3 25 | 56.1% | 80.1% | ||
| Q2 25 | 54.3% | 79.1% | ||
| Q1 25 | 61.4% | 77.3% | ||
| Q4 24 | 63.4% | 78.4% | ||
| Q3 24 | 60.3% | 90.7% | ||
| Q2 24 | 60.4% | 90.7% | ||
| Q1 24 | 65.1% | 90.9% |
| Q4 25 | -51.1% | 4.9% | ||
| Q3 25 | -10.7% | 1.2% | ||
| Q2 25 | -23.1% | -8.6% | ||
| Q1 25 | -24.1% | -5.2% | ||
| Q4 24 | -6.5% | 5.5% | ||
| Q3 24 | -6.6% | -1.6% | ||
| Q2 24 | -11.5% | -5.9% | ||
| Q1 24 | -26.1% | -1.4% |
| Q4 25 | -52.5% | 6.5% | ||
| Q3 25 | -12.0% | 6.4% | ||
| Q2 25 | -25.0% | 0.7% | ||
| Q1 25 | -25.4% | 7.4% | ||
| Q4 24 | -5.3% | 0.1% | ||
| Q3 24 | -6.8% | -10.5% | ||
| Q2 24 | -13.0% | -11.9% | ||
| Q1 24 | -25.5% | 3.2% |
| Q4 25 | — | $0.06 | ||
| Q3 25 | — | $0.06 | ||
| Q2 25 | — | $0.01 | ||
| Q1 25 | — | $0.06 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | — | $-0.21 | ||
| Q2 24 | — | $-0.24 | ||
| Q1 24 | — | $0.06 |
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 | $23.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $15.1M |
| Total Assets | $29.6M | $61.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $23.6M | ||
| Q3 25 | $7.6M | $29.7M | ||
| Q2 25 | $10.5M | $29.8M | ||
| Q1 25 | $14.3M | $21.9M | ||
| Q4 24 | $18.0M | $25.1M | ||
| Q3 24 | $16.1M | $20.7M | ||
| Q2 24 | $20.3M | $17.5M | ||
| Q1 24 | $17.5M | $18.7M |
| Q4 25 | $15.2M | $15.1M | ||
| Q3 25 | $22.6M | $22.7M | ||
| Q2 25 | $24.3M | $23.2M | ||
| Q1 25 | $27.0M | $22.8M | ||
| Q4 24 | $30.0M | $20.7M | ||
| Q3 24 | $30.6M | $20.5M | ||
| Q2 24 | $30.9M | $23.2M | ||
| Q1 24 | $33.0M | $26.2M |
| Q4 25 | $29.6M | $61.0M | ||
| Q3 25 | $40.1M | $69.4M | ||
| Q2 25 | $45.4M | $73.2M | ||
| Q1 25 | $49.8M | $80.1M | ||
| Q4 24 | $49.5M | $83.2M | ||
| Q3 24 | $52.1M | $79.6M | ||
| Q2 24 | $59.9M | $82.4M | ||
| Q1 24 | $55.7M | $85.7M |
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 | $1.8M |
| Free Cash FlowOCF − Capex | $-1.0M | $334.7K |
| FCF MarginFCF / Revenue | -6.9% | 2.2% |
| Capex IntensityCapex / Revenue | 0.0% | 9.9% |
| Cash ConversionOCF / Net Profit | — | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $1.8M | ||
| Q3 25 | $-1.6M | $1.8M | ||
| Q2 25 | $-4.4M | $868.6K | ||
| Q1 25 | $-3.9M | $-3.7M | ||
| Q4 24 | $-9.0K | $9.4M | ||
| Q3 24 | $-722.0K | $3.4M | ||
| Q2 24 | $2.9M | $-973.5K | ||
| Q1 24 | $-6.0K | $2.8M |
| Q4 25 | $-1.0M | $334.7K | ||
| Q3 25 | $-1.6M | $1.5M | ||
| Q2 25 | $-4.4M | $363.6K | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $8.2M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | $2.9M | $-1.2M | ||
| Q1 24 | $-42.0K | $2.4M |
| Q4 25 | -6.9% | 2.2% | ||
| Q3 25 | -8.4% | 10.9% | ||
| Q2 25 | -22.7% | 2.7% | ||
| Q1 25 | — | -30.8% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | 10.3% | -4.1% | ||
| Q1 24 | -0.2% | 8.1% |
| Q4 25 | 0.0% | 9.9% | ||
| Q3 25 | 0.2% | 2.4% | ||
| Q2 25 | 0.0% | 3.8% | ||
| Q1 25 | 0.0% | 2.5% | ||
| Q4 24 | 0.0% | 8.1% | ||
| Q3 24 | 0.0% | 0.8% | ||
| Q2 24 | 0.0% | 0.9% | ||
| Q1 24 | 0.2% | 1.3% |
| Q4 25 | — | 1.86× | ||
| Q3 25 | — | 2.07× | ||
| Q2 25 | — | 9.30× | ||
| Q1 25 | — | -3.82× | ||
| Q4 24 | — | 532.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.97× |
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% |
JYNT
| Transferred At Point In Time | $12.8M | 84% |
| Transferred Over Time | $2.4M | 16% |
