vs

Side-by-side financial comparison of CEA Industries Inc. (BNC) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

UTAH MEDICAL PRODUCTS INC is the larger business by last-quarter revenue ($9.0M vs $7.1M, roughly 1.3× CEA Industries Inc.). CEA Industries Inc. runs the higher net margin — 3970.6% vs 28.4%, a 3942.3% gap on every dollar of revenue. On growth, CEA Industries Inc. posted the faster year-over-year revenue change (1727.8% vs -1.2%). Over the past eight quarters, CEA Industries Inc.'s revenue compounded faster (18.8% CAGR vs -10.7%).

CEA Technologies is an Australian government business enterprise that primarily supplies the Royal Australian Navy. The company was established in 1983. Its phase array radars, which are fitted to the Royal Australian Navy's fleet of warships, are regarded by Australians as the best in the world.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

BNC vs UTMD — Head-to-Head

Bigger by revenue
UTMD
UTMD
1.3× larger
UTMD
$9.0M
$7.1M
BNC
Growing faster (revenue YoY)
BNC
BNC
+1729.1% gap
BNC
1727.8%
-1.2%
UTMD
Higher net margin
BNC
BNC
3942.3% more per $
BNC
3970.6%
28.4%
UTMD
Faster 2-yr revenue CAGR
BNC
BNC
Annualised
BNC
18.8%
-10.7%
UTMD

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
BNC
BNC
UTMD
UTMD
Revenue
$7.1M
$9.0M
Net Profit
$283.6M
$2.6M
Gross Margin
29.3%
58.2%
Operating Margin
27.0%
Net Margin
3970.6%
28.4%
Revenue YoY
1727.8%
-1.2%
Net Profit YoY
38409.2%
-11.6%
EPS (diluted)
$5.36
$0.80

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
BNC
BNC
UTMD
UTMD
Q4 25
$7.1M
$9.0M
Q3 25
$4.6M
$9.8M
Q2 25
$10.0M
Q1 25
$9.7M
Q4 24
$9.2M
Q3 24
$10.0M
Q2 24
$1.8M
$10.4M
Q1 24
$11.3M
Net Profit
BNC
BNC
UTMD
UTMD
Q4 25
$283.6M
$2.6M
Q3 25
$-5.8M
$2.6M
Q2 25
$3.0M
Q1 25
$3.0M
Q4 24
$2.9M
Q3 24
$3.6M
Q2 24
$-470.3K
$3.5M
Q1 24
$4.0M
Gross Margin
BNC
BNC
UTMD
UTMD
Q4 25
29.3%
58.2%
Q3 25
30.0%
57.1%
Q2 25
56.2%
Q1 25
57.0%
Q4 24
58.1%
Q3 24
58.0%
Q2 24
10.2%
60.1%
Q1 24
59.7%
Operating Margin
BNC
BNC
UTMD
UTMD
Q4 25
27.0%
Q3 25
-123.2%
26.6%
Q2 25
32.1%
Q1 25
32.5%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
-27.1%
33.1%
Q1 24
34.2%
Net Margin
BNC
BNC
UTMD
UTMD
Q4 25
3970.6%
28.4%
Q3 25
-127.7%
26.8%
Q2 25
30.6%
Q1 25
31.3%
Q4 24
31.7%
Q3 24
35.6%
Q2 24
-26.7%
33.2%
Q1 24
34.9%
EPS (diluted)
BNC
BNC
UTMD
UTMD
Q4 25
$5.36
$0.80
Q3 25
$-6.94
$0.82
Q2 25
$0.94
Q1 25
$0.92
Q4 24
$0.86
Q3 24
$1.03
Q2 24
$-0.66
$0.98
Q1 24
$1.09

Balance Sheet & Financial Strength

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

Metric
BNC
BNC
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$32.5M
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$484.9M
$119.3M
Total Assets
$616.5M
$122.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNC
BNC
UTMD
UTMD
Q4 25
$32.5M
$85.8M
Q3 25
$3.0M
$84.3M
Q2 25
$82.2M
Q1 25
$83.3M
Q4 24
$83.0M
Q3 24
$88.5M
Q2 24
$11.3M
$89.2M
Q1 24
$93.8M
Total Debt
BNC
BNC
UTMD
UTMD
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$282.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BNC
BNC
UTMD
UTMD
Q4 25
$484.9M
$119.3M
Q3 25
$6.9M
$118.3M
Q2 25
$117.5M
Q1 25
$117.0M
Q4 24
$117.4M
Q3 24
$124.2M
Q2 24
$10.9M
$124.1M
Q1 24
$127.7M
Total Assets
BNC
BNC
UTMD
UTMD
Q4 25
$616.5M
$122.5M
Q3 25
$19.1M
$122.0M
Q2 25
$120.8M
Q1 25
$122.5M
Q4 24
$122.5M
Q3 24
$129.7M
Q2 24
$12.6M
$130.0M
Q1 24
$135.4M
Debt / Equity
BNC
BNC
UTMD
UTMD
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BNC
BNC
UTMD
UTMD
Operating Cash FlowLast quarter
$3.5M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNC
BNC
UTMD
UTMD
Q4 25
$3.5M
Q3 25
$-1.7M
$3.9M
Q2 25
$2.9M
Q1 25
$4.5M
Q4 24
$2.9M
Q3 24
$3.9M
Q2 24
$-273.4K
$2.8M
Q1 24
$5.3M
Free Cash Flow
BNC
BNC
UTMD
UTMD
Q4 25
$3.4M
Q3 25
$3.9M
Q2 25
$2.8M
Q1 25
$4.3M
Q4 24
$2.9M
Q3 24
$3.8M
Q2 24
$2.7M
Q1 24
$5.3M
FCF Margin
BNC
BNC
UTMD
UTMD
Q4 25
37.2%
Q3 25
39.2%
Q2 25
28.4%
Q1 25
44.1%
Q4 24
32.0%
Q3 24
37.7%
Q2 24
25.5%
Q1 24
46.3%
Capex Intensity
BNC
BNC
UTMD
UTMD
Q4 25
1.2%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
1.9%
Q4 24
0.1%
Q3 24
0.9%
Q2 24
1.1%
Q1 24
0.2%
Cash Conversion
BNC
BNC
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

Related Comparisons