vs

Side-by-side financial comparison of CARLSMED, INC. (CARL) and La Rosa Holdings Corp. (LRHC). Click either name above to swap in a different company.

La Rosa Holdings Corp. is the larger business by last-quarter revenue ($20.2M vs $13.1M, roughly 1.5× CARLSMED, INC.). La Rosa Holdings Corp. runs the higher net margin — -27.4% vs -65.2%, a 37.8% gap on every dollar of revenue.

V. La Rosa and Sons Macaroni Company was founded in 1914 by Vincenzo La Rosa, a Sicilian immigrant. The company eventually became one of the largest regional brands in the United States producing over 40 varieties of pasta.

CARL vs LRHC — Head-to-Head

Bigger by revenue
LRHC
LRHC
1.5× larger
LRHC
$20.2M
$13.1M
CARL
Higher net margin
LRHC
LRHC
37.8% more per $
LRHC
-27.4%
-65.2%
CARL

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
CARL
CARL
LRHC
LRHC
Revenue
$13.1M
$20.2M
Net Profit
$-8.5M
$-5.5M
Gross Margin
75.9%
8.4%
Operating Margin
-69.1%
-24.7%
Net Margin
-65.2%
-27.4%
Revenue YoY
3.2%
Net Profit YoY
-125.7%
EPS (diluted)
$-0.40
$-5.44

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
CARL
CARL
LRHC
LRHC
Q3 25
$13.1M
$20.2M
Q2 25
$12.1M
$23.2M
Q1 25
$17.5M
Q4 24
$17.7M
Q3 24
$19.6M
Q2 24
$19.1M
Q1 24
$13.1M
Q3 23
$6.8M
Net Profit
CARL
CARL
LRHC
LRHC
Q3 25
$-8.5M
$-5.5M
Q2 25
$-6.8M
$78.4M
Q1 25
$-95.7M
Q4 24
$-5.1M
Q3 24
$-2.5M
Q2 24
$-2.3M
Q1 24
$-4.6M
Q3 23
$-343.8K
Gross Margin
CARL
CARL
LRHC
LRHC
Q3 25
75.9%
8.4%
Q2 25
73.4%
8.0%
Q1 25
8.8%
Q4 24
8.9%
Q3 24
8.3%
Q2 24
8.3%
Q1 24
8.9%
Q3 23
8.5%
Operating Margin
CARL
CARL
LRHC
LRHC
Q3 25
-69.1%
-24.7%
Q2 25
-53.8%
-10.6%
Q1 25
-26.7%
Q4 24
-17.1%
Q3 24
-8.9%
Q2 24
-9.7%
Q1 24
-35.0%
Q3 23
-6.1%
Net Margin
CARL
CARL
LRHC
LRHC
Q3 25
-65.2%
-27.4%
Q2 25
-56.0%
337.8%
Q1 25
-546.5%
Q4 24
-28.7%
Q3 24
-12.5%
Q2 24
-12.2%
Q1 24
-35.1%
Q3 23
-5.1%
EPS (diluted)
CARL
CARL
LRHC
LRHC
Q3 25
$-0.40
$-5.44
Q2 25
$-1.47
$15.25
Q1 25
$-5.86
Q4 24
$28.54
Q3 24
$-16.49
Q2 24
$-12.49
Q1 24
$-0.35
Q3 23
$-0.06

Balance Sheet & Financial Strength

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

Metric
CARL
CARL
LRHC
LRHC
Cash + ST InvestmentsLiquidity on hand
$115.4M
$4.0M
Total DebtLower is stronger
$15.4M
$642.8K
Stockholders' EquityBook value
$106.7M
$1.6M
Total Assets
$134.9M
$21.7M
Debt / EquityLower = less leverage
0.14×
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CARL
CARL
LRHC
LRHC
Q3 25
$115.4M
$4.0M
Q2 25
$33.5M
$5.1M
Q1 25
$2.9M
Q4 24
$1.4M
Q3 24
$1.8M
Q2 24
$1.6M
Q1 24
$1.1M
Q3 23
$350.3K
Total Debt
CARL
CARL
LRHC
LRHC
Q3 25
$15.4M
$642.8K
Q2 25
$15.4M
$644.3K
Q1 25
$645.9K
Q4 24
$647.6K
Q3 24
$649.2K
Q2 24
$650.8K
Q1 24
$652.4K
Q3 23
Stockholders' Equity
CARL
CARL
LRHC
LRHC
Q3 25
$106.7M
$1.6M
Q2 25
$-83.1M
$3.4M
Q1 25
$-87.5M
Q4 24
$2.6M
Q3 24
$5.0M
Q2 24
$4.7M
Q1 24
$5.6M
Q3 23
$722.5K
Total Assets
CARL
CARL
LRHC
LRHC
Q3 25
$134.9M
$21.7M
Q2 25
$53.3M
$22.9M
Q1 25
$21.0M
Q4 24
$19.4M
Q3 24
$19.7M
Q2 24
$18.7M
Q1 24
$16.3M
Q3 23
$5.8M
Debt / Equity
CARL
CARL
LRHC
LRHC
Q3 25
0.14×
0.41×
Q2 25
0.19×
Q1 25
Q4 24
0.25×
Q3 24
0.13×
Q2 24
0.14×
Q1 24
0.12×
Q3 23

Cash Flow & Capital Efficiency

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

Metric
CARL
CARL
LRHC
LRHC
Operating Cash FlowLast quarter
$-8.5M
$-1.3M
Free Cash FlowOCF − Capex
$-8.6M
FCF MarginFCF / Revenue
-65.9%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CARL
CARL
LRHC
LRHC
Q3 25
$-8.5M
$-1.3M
Q2 25
$-15.2M
$-1.4M
Q1 25
$-3.5M
Q4 24
$-1.1M
Q3 24
$-591.6K
Q2 24
$-803.1K
Q1 24
$-538.3K
Q3 23
Free Cash Flow
CARL
CARL
LRHC
LRHC
Q3 25
$-8.6M
Q2 25
$-15.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q3 23
FCF Margin
CARL
CARL
LRHC
LRHC
Q3 25
-65.9%
Q2 25
-129.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q3 23
Capex Intensity
CARL
CARL
LRHC
LRHC
Q3 25
1.2%
Q2 25
3.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q3 23
Cash Conversion
CARL
CARL
LRHC
LRHC
Q3 25
Q2 25
-0.02×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

CARL
CARL

Segment breakdown not available.

LRHC
LRHC

Real Estate Residential Brokerage Services$16.8M83%
Transferred Over Time$3.5M17%

Related Comparisons