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Side-by-side financial comparison of Bioventus Inc. (BVS) and SunPower Inc. (SPWR). Click either name above to swap in a different company.

Bioventus Inc. is the larger business by last-quarter revenue ($157.9M vs $79.7M, roughly 2.0× SunPower Inc.). Bioventus Inc. runs the higher net margin — 9.3% vs -17.8%, a 27.1% gap on every dollar of revenue. On growth, Bioventus Inc. posted the faster year-over-year revenue change (2.8% vs -10.1%). Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% CAGR vs 10.4%).

Bioventus Inc. is a global medical technology company specializing in orthobiologic solutions. It develops and commercializes products supporting bone and joint healing, musculoskeletal pain management, and regenerative care for patients. Its offerings serve orthopedic clinicians, physical therapists, and patients across North America, Europe, and Asia Pacific, with core segments covering surgical orthobiologics and non-surgical pain relief solutions.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

BVS vs SPWR — Head-to-Head

Bigger by revenue
BVS
BVS
2.0× larger
BVS
$157.9M
$79.7M
SPWR
Growing faster (revenue YoY)
BVS
BVS
+12.9% gap
BVS
2.8%
-10.1%
SPWR
Higher net margin
BVS
BVS
27.1% more per $
BVS
9.3%
-17.8%
SPWR
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
10.4%
BVS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BVS
BVS
SPWR
SPWR
Revenue
$157.9M
$79.7M
Net Profit
$14.8M
$-14.2M
Gross Margin
68.9%
35.5%
Operating Margin
12.3%
-27.4%
Net Margin
9.3%
-17.8%
Revenue YoY
2.8%
-10.1%
Net Profit YoY
3902.8%
-130.1%
EPS (diluted)
$0.21
$-0.05

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
BVS
BVS
SPWR
SPWR
Q4 25
$157.9M
$79.7M
Q3 25
$138.7M
$22.0M
Q2 25
$147.7M
$67.5M
Q1 25
$123.9M
$82.7M
Q4 24
$153.6M
$88.7M
Q3 24
$139.0M
Q2 24
$151.2M
Q1 24
$129.5M
Net Profit
BVS
BVS
SPWR
SPWR
Q4 25
$14.8M
$-14.2M
Q3 25
$3.2M
$-16.9M
Q2 25
$7.5M
$-22.4M
Q1 25
$-2.6M
$8.1M
Q4 24
$-388.0K
$47.0M
Q3 24
$-5.2M
Q2 24
$-25.7M
Q1 24
$-4.9M
Gross Margin
BVS
BVS
SPWR
SPWR
Q4 25
68.9%
35.5%
Q3 25
68.0%
Q2 25
69.1%
42.6%
Q1 25
67.0%
48.5%
Q4 24
66.8%
46.5%
Q3 24
67.3%
Q2 24
68.5%
Q1 24
68.3%
Operating Margin
BVS
BVS
SPWR
SPWR
Q4 25
12.3%
-27.4%
Q3 25
8.1%
-15.7%
Q2 25
12.4%
-4.0%
Q1 25
3.9%
1.3%
Q4 24
5.0%
-24.2%
Q3 24
2.6%
Q2 24
-20.8%
Q1 24
3.8%
Net Margin
BVS
BVS
SPWR
SPWR
Q4 25
9.3%
-17.8%
Q3 25
2.3%
-76.9%
Q2 25
5.1%
-33.2%
Q1 25
-2.1%
9.8%
Q4 24
-0.3%
53.0%
Q3 24
-3.7%
Q2 24
-17.0%
Q1 24
-3.8%
EPS (diluted)
BVS
BVS
SPWR
SPWR
Q4 25
$0.21
$-0.05
Q3 25
$0.05
$-0.19
Q2 25
$0.11
$-0.28
Q1 25
$-0.04
$0.00
Q4 24
$0.00
$0.27
Q3 24
$-0.08
Q2 24
$-0.40
Q1 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
BVS
BVS
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$51.2M
$9.6M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$184.1M
$-90.1M
Total Assets
$683.6M
$241.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BVS
BVS
SPWR
SPWR
Q4 25
$51.2M
$9.6M
Q3 25
$42.2M
$5.1M
Q2 25
$32.9M
$11.1M
Q1 25
$22.8M
$10.6M
Q4 24
$41.6M
$13.4M
Q3 24
$43.1M
Q2 24
$32.0M
Q1 24
$25.2M
Total Debt
BVS
BVS
SPWR
SPWR
Q4 25
$164.8M
Q3 25
$204.3M
Q2 25
$152.9M
Q1 25
Q4 24
$147.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BVS
BVS
SPWR
SPWR
Q4 25
$184.1M
$-90.1M
Q3 25
$166.1M
$-112.3M
Q2 25
$161.2M
$-107.2M
Q1 25
$148.1M
$-89.0M
Q4 24
$147.9M
$-97.5M
Q3 24
$148.7M
Q2 24
$150.9M
Q1 24
$171.3M
Total Assets
BVS
BVS
SPWR
SPWR
Q4 25
$683.6M
$241.2M
Q3 25
$701.6M
$208.3M
Q2 25
$706.8M
$163.1M
Q1 25
$691.4M
$147.8M
Q4 24
$728.0M
$144.5M
Q3 24
$769.5M
Q2 24
$792.2M
Q1 24
$794.2M

Cash Flow & Capital Efficiency

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

Metric
BVS
BVS
SPWR
SPWR
Operating Cash FlowLast quarter
$38.0M
$-1.9M
Free Cash FlowOCF − Capex
$37.4M
FCF MarginFCF / Revenue
23.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
2.57×
TTM Free Cash FlowTrailing 4 quarters
$72.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BVS
BVS
SPWR
SPWR
Q4 25
$38.0M
$-1.9M
Q3 25
$30.1M
$-6.4M
Q2 25
$25.9M
$-4.4M
Q1 25
$-19.3M
$-2.6M
Q4 24
$19.3M
$-25.6M
Q3 24
$10.3M
Q2 24
$15.2M
Q1 24
$-6.0M
Free Cash Flow
BVS
BVS
SPWR
SPWR
Q4 25
$37.4M
Q3 25
$29.6M
Q2 25
$25.3M
Q1 25
$-20.2M
Q4 24
$18.7M
Q3 24
$10.3M
Q2 24
$15.1M
Q1 24
$-6.3M
FCF Margin
BVS
BVS
SPWR
SPWR
Q4 25
23.7%
Q3 25
21.4%
Q2 25
17.1%
Q1 25
-16.3%
Q4 24
12.2%
Q3 24
7.4%
Q2 24
10.0%
Q1 24
-4.9%
Capex Intensity
BVS
BVS
SPWR
SPWR
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
0.7%
Q4 24
0.4%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.2%
Cash Conversion
BVS
BVS
SPWR
SPWR
Q4 25
2.57×
Q3 25
9.54×
Q2 25
3.48×
Q1 25
-0.32×
Q4 24
-0.54×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BVS
BVS

Pain Treatments$71.1M45%
Surgical Solutions$48.9M31%
Restorative Therapies$19.5M12%
Other$18.4M12%

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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