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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and Vericel Corp (VCEL). Click either name above to swap in a different company.

Climb Global Solutions, Inc. is the larger business by last-quarter revenue ($182.4M vs $92.9M, roughly 2.0× Vericel Corp). Vericel Corp runs the higher net margin — 25.0% vs 1.8%, a 23.2% gap on every dollar of revenue. On growth, Climb Global Solutions, Inc. posted the faster year-over-year revenue change (32.1% vs 23.3%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 34.6%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

CLMB vs VCEL — Head-to-Head

Bigger by revenue
CLMB
CLMB
2.0× larger
CLMB
$182.4M
$92.9M
VCEL
Growing faster (revenue YoY)
CLMB
CLMB
+8.8% gap
CLMB
32.1%
23.3%
VCEL
Higher net margin
VCEL
VCEL
23.2% more per $
VCEL
25.0%
1.8%
CLMB
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
34.6%
VCEL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
VCEL
VCEL
Revenue
$182.4M
$92.9M
Net Profit
$3.3M
$23.2M
Gross Margin
14.5%
78.7%
Operating Margin
2.1%
24.1%
Net Margin
1.8%
25.0%
Revenue YoY
32.1%
23.3%
Net Profit YoY
-9.5%
17.3%
EPS (diluted)
$0.18
$0.46

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
CLMB
CLMB
VCEL
VCEL
Q1 26
$182.4M
Q4 25
$193.8M
$92.9M
Q3 25
$161.3M
$67.5M
Q2 25
$159.3M
$63.2M
Q1 25
$138.0M
$52.6M
Q4 24
$161.8M
$75.4M
Q3 24
$119.3M
$57.9M
Q2 24
$92.1M
$52.7M
Net Profit
CLMB
CLMB
VCEL
VCEL
Q1 26
$3.3M
Q4 25
$7.0M
$23.2M
Q3 25
$4.7M
$5.1M
Q2 25
$6.0M
$-553.0K
Q1 25
$3.7M
$-11.2M
Q4 24
$7.0M
$19.8M
Q3 24
$5.5M
$-901.0K
Q2 24
$3.4M
$-4.7M
Gross Margin
CLMB
CLMB
VCEL
VCEL
Q1 26
14.5%
Q4 25
15.4%
78.7%
Q3 25
15.9%
73.5%
Q2 25
16.5%
73.7%
Q1 25
16.9%
69.0%
Q4 24
19.3%
77.6%
Q3 24
20.3%
71.9%
Q2 24
20.2%
69.5%
Operating Margin
CLMB
CLMB
VCEL
VCEL
Q1 26
2.1%
Q4 25
4.9%
24.1%
Q3 25
4.3%
5.1%
Q2 25
5.0%
-3.2%
Q1 25
3.5%
-24.3%
Q4 24
7.2%
24.5%
Q3 24
7.1%
-4.3%
Q2 24
4.6%
-11.5%
Net Margin
CLMB
CLMB
VCEL
VCEL
Q1 26
1.8%
Q4 25
3.6%
25.0%
Q3 25
2.9%
7.5%
Q2 25
3.7%
-0.9%
Q1 25
2.7%
-21.4%
Q4 24
4.3%
26.3%
Q3 24
4.6%
-1.6%
Q2 24
3.7%
-8.9%
EPS (diluted)
CLMB
CLMB
VCEL
VCEL
Q1 26
$0.18
Q4 25
$1.51
$0.46
Q3 25
$1.02
$0.10
Q2 25
$1.30
$-0.01
Q1 25
$0.81
$-0.23
Q4 24
$1.52
$0.40
Q3 24
$1.19
$-0.02
Q2 24
$0.75
$-0.10

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$41.8M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$118.4M
$354.6M
Total Assets
$458.8M
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
VCEL
VCEL
Q1 26
$41.8M
Q4 25
$36.6M
$137.5M
Q3 25
$49.8M
$135.4M
Q2 25
$28.6M
$116.9M
Q1 25
$32.5M
$112.9M
Q4 24
$29.8M
$116.2M
Q3 24
$22.1M
$101.7M
Q2 24
$48.4M
$102.5M
Stockholders' Equity
CLMB
CLMB
VCEL
VCEL
Q1 26
$118.4M
Q4 25
$116.6M
$354.6M
Q3 25
$109.3M
$321.9M
Q2 25
$105.2M
$306.8M
Q1 25
$95.6M
$295.5M
Q4 24
$90.6M
$292.0M
Q3 24
$87.7M
$257.5M
Q2 24
$79.8M
$243.0M
Total Assets
CLMB
CLMB
VCEL
VCEL
Q1 26
$458.8M
Q4 25
$460.2M
$488.0M
Q3 25
$376.1M
$453.3M
Q2 25
$420.7M
$435.6M
Q1 25
$370.1M
$424.6M
Q4 24
$469.2M
$432.7M
Q3 24
$371.9M
$390.4M
Q2 24
$302.8M
$376.8M

Cash Flow & Capital Efficiency

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

Metric
CLMB
CLMB
VCEL
VCEL
Operating Cash FlowLast quarter
$15.0M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
VCEL
VCEL
Q1 26
Q4 25
$-11.9M
$15.0M
Q3 25
$22.2M
$22.1M
Q2 25
$-2.2M
$8.2M
Q1 25
$8.5M
$6.6M
Q4 24
$16.0M
$22.2M
Q3 24
$-3.6M
$10.2M
Q2 24
$7.3M
$18.5M
Free Cash Flow
CLMB
CLMB
VCEL
VCEL
Q1 26
Q4 25
$12.8M
Q3 25
$19.5M
Q2 25
$81.0K
Q1 25
$-7.6M
Q4 24
$8.5M
Q3 24
$-9.2M
Q2 24
$1.8M
FCF Margin
CLMB
CLMB
VCEL
VCEL
Q1 26
Q4 25
13.8%
Q3 25
28.8%
Q2 25
0.1%
Q1 25
-14.5%
Q4 24
11.2%
Q3 24
-15.9%
Q2 24
3.4%
Capex Intensity
CLMB
CLMB
VCEL
VCEL
Q1 26
Q4 25
2.4%
Q3 25
3.9%
Q2 25
12.9%
Q1 25
27.0%
Q4 24
18.3%
Q3 24
33.5%
Q2 24
31.8%
Cash Conversion
CLMB
CLMB
VCEL
VCEL
Q1 26
Q4 25
-1.70×
0.65×
Q3 25
4.73×
4.35×
Q2 25
-0.37×
Q1 25
2.30×
Q4 24
2.29×
1.12×
Q3 24
-0.66×
Q2 24
2.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLMB
CLMB

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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