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Side-by-side financial comparison of Confluent, Inc. (CFLT) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
Confluent, Inc. is the larger business by last-quarter revenue ($314.8M vs $260.4M, roughly 1.2× Smith Douglas Homes Corp.). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -25.2%, a 26.5% gap on every dollar of revenue. On growth, Confluent, Inc. posted the faster year-over-year revenue change (20.5% vs -9.4%). Confluent, Inc. produced more free cash flow last quarter ($41.7M vs $8.7M). Over the past eight quarters, Confluent, Inc.'s revenue compounded faster (20.4% CAGR vs 17.3%).
Confluent, Inc. is an American technology company headquartered in Mountain View, California. Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. Confluent's products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CFLT vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $314.8M | $260.4M |
| Net Profit | $-79.2M | $3.5M |
| Gross Margin | 74.7% | 19.9% |
| Operating Margin | -31.5% | 6.5% |
| Net Margin | -25.2% | 1.4% |
| Revenue YoY | 20.5% | -9.4% |
| Net Profit YoY | 10.0% | -14.3% |
| EPS (diluted) | $-0.23 | $0.39 |
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 | $314.8M | $260.4M | ||
| Q3 25 | $298.5M | $262.0M | ||
| Q2 25 | $282.3M | $223.9M | ||
| Q1 25 | $271.1M | $224.7M | ||
| Q4 24 | $261.2M | $287.5M | ||
| Q3 24 | $250.2M | $277.8M | ||
| Q2 24 | $235.0M | $220.9M | ||
| Q1 24 | $217.2M | $189.2M |
| Q4 25 | $-79.2M | $3.5M | ||
| Q3 25 | $-66.5M | $2.1M | ||
| Q2 25 | $-82.0M | $2.4M | ||
| Q1 25 | $-67.6M | $2.7M | ||
| Q4 24 | $-88.1M | $4.1M | ||
| Q3 24 | $-74.1M | $5.3M | ||
| Q2 24 | $-89.9M | $3.6M | ||
| Q1 24 | $-93.0M | $3.0M |
| Q4 25 | 74.7% | 19.9% | ||
| Q3 25 | 74.2% | 21.0% | ||
| Q2 25 | 73.7% | 23.2% | ||
| Q1 25 | 74.5% | 23.8% | ||
| Q4 24 | 74.1% | 25.5% | ||
| Q3 24 | 74.5% | 26.5% | ||
| Q2 24 | 72.3% | 26.7% | ||
| Q1 24 | 71.8% | 26.1% |
| Q4 25 | -31.5% | 6.5% | ||
| Q3 25 | -27.9% | 6.6% | ||
| Q2 25 | -34.2% | 7.7% | ||
| Q1 25 | -37.3% | 8.7% | ||
| Q4 24 | -40.5% | 10.4% | ||
| Q3 24 | -37.4% | 14.2% | ||
| Q2 24 | -46.1% | 11.7% | ||
| Q1 24 | -51.3% | 11.3% |
| Q4 25 | -25.2% | 1.4% | ||
| Q3 25 | -22.3% | 0.8% | ||
| Q2 25 | -29.0% | 1.1% | ||
| Q1 25 | -24.9% | 1.2% | ||
| Q4 24 | -33.7% | 1.4% | ||
| Q3 24 | -29.6% | 1.9% | ||
| Q2 24 | -38.3% | 1.7% | ||
| Q1 24 | -42.8% | 1.6% |
| Q4 25 | $-0.23 | $0.39 | ||
| Q3 25 | $-0.19 | $0.24 | ||
| Q2 25 | $-0.24 | $0.26 | ||
| Q1 25 | $-0.20 | $0.30 | ||
| Q4 24 | $-0.26 | $0.50 | ||
| Q3 24 | $-0.23 | $0.58 | ||
| Q2 24 | $-0.28 | $0.40 | ||
| Q1 24 | $-0.30 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $347.2M | $12.7M |
| Total DebtLower is stronger | $1.1B | — |
| Stockholders' EquityBook value | $1.2B | $86.7M |
| Total Assets | $3.0B | $557.6M |
| Debt / EquityLower = less leverage | 0.94× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $347.2M | $12.7M | ||
| Q3 25 | $298.5M | $14.8M | ||
| Q2 25 | $295.6M | $16.8M | ||
| Q1 25 | $278.6M | $12.7M | ||
| Q4 24 | $386.0M | $22.4M | ||
| Q3 24 | $322.6M | $23.7M | ||
| Q2 24 | $311.3M | $17.3M | ||
| Q1 24 | $336.4M | $32.8M |
| Q4 25 | $1.1B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.1B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.2B | $86.7M | ||
| Q3 25 | $1.1B | $82.2M | ||
| Q2 25 | $1.1B | $80.0M | ||
| Q1 25 | $1.0B | $76.9M | ||
| Q4 24 | $961.2M | $73.6M | ||
| Q3 24 | $934.3M | $68.4M | ||
| Q2 24 | $873.9M | $62.1M | ||
| Q1 24 | $845.2M | $59.7M |
| Q4 25 | $3.0B | $557.6M | ||
| Q3 25 | $2.9B | $571.6M | ||
| Q2 25 | $2.8B | $570.2M | ||
| Q1 25 | $2.7B | $513.9M | ||
| Q4 24 | $2.7B | $475.9M | ||
| Q3 24 | $2.6B | $460.1M | ||
| Q2 24 | $2.5B | $429.3M | ||
| Q1 24 | $2.4B | $401.3M |
| Q4 25 | 0.94× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 1.07× | — | ||
| Q4 24 | 1.14× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | 1.25× | — | ||
| Q1 24 | 1.29× | — |
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 | $42.1M | $9.8M |
| Free Cash FlowOCF − Capex | $41.7M | $8.7M |
| FCF MarginFCF / Revenue | 13.2% | 3.4% |
| Capex IntensityCapex / Revenue | 0.1% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $60.7M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.1M | $9.8M | ||
| Q3 25 | $30.8M | $22.8M | ||
| Q2 25 | $18.1M | $-28.9M | ||
| Q1 25 | $-26.8M | $-34.9M | ||
| Q4 24 | $35.2M | $5.5M | ||
| Q3 24 | $15.6M | $22.9M | ||
| Q2 24 | $8.6M | $39.0K | ||
| Q1 24 | $-26.0M | $-9.3M |
| Q4 25 | $41.7M | $8.7M | ||
| Q3 25 | $30.0M | $21.4M | ||
| Q2 25 | $17.2M | $-31.1M | ||
| Q1 25 | $-28.2M | $-35.9M | ||
| Q4 24 | $34.5M | $4.8M | ||
| Q3 24 | $15.0M | $22.3M | ||
| Q2 24 | $7.5M | $-2.1M | ||
| Q1 24 | $-26.1M | $-9.7M |
| Q4 25 | 13.2% | 3.4% | ||
| Q3 25 | 10.0% | 8.2% | ||
| Q2 25 | 6.1% | -13.9% | ||
| Q1 25 | -10.4% | -16.0% | ||
| Q4 24 | 13.2% | 1.7% | ||
| Q3 24 | 6.0% | 8.0% | ||
| Q2 24 | 3.2% | -1.0% | ||
| Q1 24 | -12.0% | -5.1% |
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.3% | 0.5% | ||
| Q2 25 | 0.3% | 0.9% | ||
| Q1 25 | 0.5% | 0.5% | ||
| Q4 24 | 0.3% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.5% | 1.0% | ||
| Q1 24 | 0.1% | 0.2% |
| Q4 25 | — | 2.77× | ||
| Q3 25 | — | 10.70× | ||
| Q2 25 | — | -12.24× | ||
| Q1 25 | — | -13.01× | ||
| Q4 24 | — | 1.33× | ||
| Q3 24 | — | 4.28× | ||
| Q2 24 | — | 0.01× | ||
| Q1 24 | — | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CFLT
| Confluent Cloud | $169.4M | 54% |
| Post Contract Customer Support | $93.8M | 30% |
| License | $38.4M | 12% |
| Services | $13.2M | 4% |
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
