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Side-by-side financial comparison of CATHAY GENERAL BANCORP (CATY) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
CATHAY GENERAL BANCORP is the larger business by last-quarter revenue ($222.8M vs $208.9M, roughly 1.1× iRhythm Holdings, Inc.). CATHAY GENERAL BANCORP runs the higher net margin — 653.4% vs 2.7%, a 650.7% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 19.5%). CATHAY GENERAL BANCORP produced more free cash flow last quarter ($363.7M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 12.8%).
Cathay General Bancorp is a U.S.-headquartered bank holding company that operates Cathay Bank, offering full-spectrum commercial and personal banking services. It primarily serves Asian American communities and small-to-medium enterprises across major U.S. states including California, New York and Texas, as well as select Asian markets, with products covering deposits, loans, and wealth management solutions.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
CATY vs IRTC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.8M | $208.9M |
| Net Profit | $90.5M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | 50.9% | 1.1% |
| Net Margin | 653.4% | 2.7% |
| Revenue YoY | 19.5% | 27.1% |
| Net Profit YoY | 12.9% | 518.5% |
| EPS (diluted) | $1.33 | $0.18 |
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 | $222.8M | $208.9M | ||
| Q3 25 | $210.6M | $192.9M | ||
| Q2 25 | $196.6M | $186.7M | ||
| Q1 25 | $187.8M | $158.7M | ||
| Q4 24 | $186.5M | $164.3M | ||
| Q3 24 | $189.5M | $147.5M | ||
| Q2 24 | $178.5M | $148.0M | ||
| Q1 24 | $175.2M | $131.9M |
| Q4 25 | $90.5M | $5.6M | ||
| Q3 25 | $77.7M | $-5.2M | ||
| Q2 25 | $77.5M | $-14.2M | ||
| Q1 25 | $69.5M | $-30.7M | ||
| Q4 24 | $80.2M | $-1.3M | ||
| Q3 24 | $67.5M | $-46.2M | ||
| Q2 24 | $66.8M | $-20.1M | ||
| Q1 24 | $71.4M | $-45.7M |
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% | ||
| Q1 24 | — | 66.3% |
| Q4 25 | 50.9% | 1.1% | ||
| Q3 25 | 44.5% | -4.4% | ||
| Q2 25 | 49.0% | -10.0% | ||
| Q1 25 | 46.1% | -20.5% | ||
| Q4 24 | 46.5% | -2.5% | ||
| Q3 24 | 41.2% | -34.1% | ||
| Q2 24 | 40.7% | -15.5% | ||
| Q1 24 | 45.7% | -28.9% |
| Q4 25 | 653.4% | 2.7% | ||
| Q3 25 | 36.9% | -2.7% | ||
| Q2 25 | 39.4% | -7.6% | ||
| Q1 25 | 37.0% | -19.3% | ||
| Q4 24 | 587.9% | -0.8% | ||
| Q3 24 | 35.6% | -31.3% | ||
| Q2 24 | 37.4% | -13.6% | ||
| Q1 24 | 40.8% | -34.6% |
| Q4 25 | $1.33 | $0.18 | ||
| Q3 25 | $1.13 | $-0.16 | ||
| Q2 25 | $1.10 | $-0.44 | ||
| Q1 25 | $0.98 | $-0.97 | ||
| Q4 24 | $1.11 | $-0.03 | ||
| Q3 24 | $0.94 | $-1.48 | ||
| Q2 24 | $0.92 | $-0.65 | ||
| Q1 24 | $0.98 | $-1.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $583.8M |
| Total DebtLower is stronger | $119.1M | — |
| Stockholders' EquityBook value | $2.9B | $152.7M |
| Total Assets | $24.2B | $1.0B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $583.8M | ||
| Q3 25 | — | $565.2M | ||
| Q2 25 | — | $545.5M | ||
| Q1 25 | — | $520.6M | ||
| Q4 24 | — | $535.6M | ||
| Q3 24 | — | $522.0M | ||
| Q2 24 | — | $561.5M | ||
| Q1 24 | — | $569.1M |
| Q4 25 | $119.1M | — | ||
| Q3 25 | $119.1M | — | ||
| Q2 25 | $119.1M | — | ||
| Q1 25 | $119.1M | — | ||
| Q4 24 | $119.1M | — | ||
| Q3 24 | $119.1M | — | ||
| Q2 24 | $119.1M | — | ||
| Q1 24 | $119.1M | — |
| Q4 25 | $2.9B | $152.7M | ||
| Q3 25 | $2.9B | $121.9M | ||
| Q2 25 | $2.9B | $103.7M | ||
| Q1 25 | $2.9B | $86.7M | ||
| Q4 24 | $2.8B | $90.9M | ||
| Q3 24 | $2.8B | $71.8M | ||
| Q2 24 | $2.8B | $99.2M | ||
| Q1 24 | $2.8B | $90.3M |
| Q4 25 | $24.2B | $1.0B | ||
| Q3 25 | $24.1B | $995.2M | ||
| Q2 25 | $23.7B | $964.0M | ||
| Q1 25 | $23.2B | $926.1M | ||
| Q4 24 | $23.1B | $931.4M | ||
| Q3 24 | $23.3B | $909.7M | ||
| Q2 24 | $23.2B | $919.2M | ||
| Q1 24 | $23.4B | $909.8M |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.04× | — |
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 | $368.6M | $26.2M |
| Free Cash FlowOCF − Capex | $363.7M | $14.5M |
| FCF MarginFCF / Revenue | 163.2% | 6.9% |
| Capex IntensityCapex / Revenue | 2.2% | 5.6% |
| Cash ConversionOCF / Net Profit | 4.07× | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | $672.7M | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $368.6M | $26.2M | ||
| Q3 25 | $150.6M | $34.9M | ||
| Q2 25 | $64.0M | $27.7M | ||
| Q1 25 | $99.0M | $-7.9M | ||
| Q4 24 | $329.2M | $19.2M | ||
| Q3 24 | $81.2M | $24.3M | ||
| Q2 24 | $72.9M | $11.8M | ||
| Q1 24 | $88.2M | $-52.0M |
| Q4 25 | $363.7M | $14.5M | ||
| Q3 25 | $150.1M | $20.1M | ||
| Q2 25 | $62.7M | $17.3M | ||
| Q1 25 | $96.3M | $-17.3M | ||
| Q4 24 | $325.5M | $12.4M | ||
| Q3 24 | $80.0M | $15.5M | ||
| Q2 24 | $72.4M | $3.4M | ||
| Q1 24 | $87.3M | $-61.8M |
| Q4 25 | 163.2% | 6.9% | ||
| Q3 25 | 71.3% | 10.4% | ||
| Q2 25 | 31.9% | 9.3% | ||
| Q1 25 | 51.2% | -10.9% | ||
| Q4 24 | 174.6% | 7.5% | ||
| Q3 24 | 42.2% | 10.5% | ||
| Q2 24 | 40.5% | 2.3% | ||
| Q1 24 | 49.8% | -46.8% |
| Q4 25 | 2.2% | 5.6% | ||
| Q3 25 | 0.2% | 7.7% | ||
| Q2 25 | 0.6% | 5.6% | ||
| Q1 25 | 1.4% | 5.9% | ||
| Q4 24 | 1.9% | 4.2% | ||
| Q3 24 | 0.6% | 6.0% | ||
| Q2 24 | 0.3% | 5.7% | ||
| Q1 24 | 0.5% | 7.4% |
| Q4 25 | 4.07× | 4.70× | ||
| Q3 25 | 1.94× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 1.42× | — | ||
| Q4 24 | 4.10× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.09× | — | ||
| Q1 24 | 1.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CATY
Segment breakdown not available.
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
