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Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and Smith Douglas Homes Corp. (SDHC). Click either name above to swap in a different company.
CLOVER HEALTH INVESTMENTS, CORP. is the larger business by last-quarter revenue ($487.7M vs $260.4M, roughly 1.9× Smith Douglas Homes Corp.). Smith Douglas Homes Corp. runs the higher net margin — 1.4% vs -10.1%, a 11.5% gap on every dollar of revenue. On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs -9.4%). Smith Douglas Homes Corp. produced more free cash flow last quarter ($8.7M vs $-69.0M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 17.3%).
Clover Health Investments, Corp. is an American health care company founded in 2014. The company provides Medicare Advantage (MA) insurance plans and operates as a direct contracting entity with the U.S. government. The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
CLOV vs SDHC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $260.4M |
| Net Profit | $-49.3M | $3.5M |
| Gross Margin | — | 19.9% |
| Operating Margin | -10.1% | 6.5% |
| Net Margin | -10.1% | 1.4% |
| Revenue YoY | 44.7% | -9.4% |
| Net Profit YoY | -123.2% | -14.3% |
| EPS (diluted) | — | $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 | $487.7M | $260.4M | ||
| Q3 25 | $496.6M | $262.0M | ||
| Q2 25 | $477.6M | $223.9M | ||
| Q1 25 | $462.3M | $224.7M | ||
| Q4 24 | $337.0M | $287.5M | ||
| Q3 24 | $331.0M | $277.8M | ||
| Q2 24 | $356.3M | $220.9M | ||
| Q1 24 | $346.9M | $189.2M |
| Q4 25 | $-49.3M | $3.5M | ||
| Q3 25 | $-24.4M | $2.1M | ||
| Q2 25 | $-10.6M | $2.4M | ||
| Q1 25 | $-1.3M | $2.7M | ||
| Q4 24 | $-22.1M | $4.1M | ||
| Q3 24 | $-9.2M | $5.3M | ||
| Q2 24 | $7.4M | $3.6M | ||
| Q1 24 | $-19.2M | $3.0M |
| Q4 25 | — | 19.9% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 23.2% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 25.5% | ||
| Q3 24 | 24.5% | 26.5% | ||
| Q2 24 | 30.3% | 26.7% | ||
| Q1 24 | 23.6% | 26.1% |
| Q4 25 | -10.1% | 6.5% | ||
| Q3 25 | -4.9% | 6.6% | ||
| Q2 25 | -2.2% | 7.7% | ||
| Q1 25 | -0.3% | 8.7% | ||
| Q4 24 | -6.4% | 10.4% | ||
| Q3 24 | -2.7% | 14.2% | ||
| Q2 24 | 2.0% | 11.7% | ||
| Q1 24 | -6.5% | 11.3% |
| Q4 25 | -10.1% | 1.4% | ||
| Q3 25 | -4.9% | 0.8% | ||
| Q2 25 | -2.2% | 1.1% | ||
| Q1 25 | -0.3% | 1.2% | ||
| Q4 24 | -6.6% | 1.4% | ||
| Q3 24 | -2.8% | 1.9% | ||
| Q2 24 | 2.1% | 1.7% | ||
| Q1 24 | -5.5% | 1.6% |
| Q4 25 | — | $0.39 | ||
| Q3 25 | — | $0.24 | ||
| Q2 25 | — | $0.26 | ||
| Q1 25 | — | $0.30 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.58 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $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 | $78.3M | $12.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $308.7M | $86.7M |
| Total Assets | $541.0M | $557.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $12.7M | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | $16.8M | ||
| Q1 25 | — | $12.7M | ||
| Q4 24 | $194.5M | $22.4M | ||
| Q3 24 | $288.0M | $23.7M | ||
| Q2 24 | $254.8M | $17.3M | ||
| Q1 24 | $208.3M | $32.8M |
| Q4 25 | $308.7M | $86.7M | ||
| Q3 25 | $340.9M | $82.2M | ||
| Q2 25 | $344.2M | $80.0M | ||
| Q1 25 | $336.1M | $76.9M | ||
| Q4 24 | $341.1M | $73.6M | ||
| Q3 24 | $342.2M | $68.4M | ||
| Q2 24 | $324.9M | $62.1M | ||
| Q1 24 | $292.5M | $59.7M |
| Q4 25 | $541.0M | $557.6M | ||
| Q3 25 | $559.7M | $571.6M | ||
| Q2 25 | $575.0M | $570.2M | ||
| Q1 25 | $583.7M | $513.9M | ||
| Q4 24 | $580.7M | $475.9M | ||
| Q3 24 | $653.0M | $460.1M | ||
| Q2 24 | $674.2M | $429.3M | ||
| Q1 24 | $671.8M | $401.3M |
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 | $-66.9M | $9.8M |
| Free Cash FlowOCF − Capex | $-69.0M | $8.7M |
| FCF MarginFCF / Revenue | -14.1% | 3.4% |
| Capex IntensityCapex / Revenue | 0.4% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | $-69.2M | $-36.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-66.9M | $9.8M | ||
| Q3 25 | $12.1M | $22.8M | ||
| Q2 25 | $5.4M | $-28.9M | ||
| Q1 25 | $-16.3M | $-34.9M | ||
| Q4 24 | $34.8M | $5.5M | ||
| Q3 24 | $50.0M | $22.9M | ||
| Q2 24 | $44.8M | $39.0K | ||
| Q1 24 | $25.9M | $-9.3M |
| Q4 25 | $-69.0M | $8.7M | ||
| Q3 25 | $11.4M | $21.4M | ||
| Q2 25 | $4.8M | $-31.1M | ||
| Q1 25 | $-16.5M | $-35.9M | ||
| Q4 24 | $33.3M | $4.8M | ||
| Q3 24 | $49.6M | $22.3M | ||
| Q2 24 | $44.4M | $-2.1M | ||
| Q1 24 | $25.5M | $-9.7M |
| Q4 25 | -14.1% | 3.4% | ||
| Q3 25 | 2.3% | 8.2% | ||
| Q2 25 | 1.0% | -13.9% | ||
| Q1 25 | -3.6% | -16.0% | ||
| Q4 24 | 9.9% | 1.7% | ||
| Q3 24 | 15.0% | 8.0% | ||
| Q2 24 | 12.5% | -1.0% | ||
| Q1 24 | 7.3% | -5.1% |
| Q4 25 | 0.4% | 0.4% | ||
| Q3 25 | 0.1% | 0.5% | ||
| Q2 25 | 0.1% | 0.9% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 0.5% | 0.2% | ||
| Q3 24 | 0.1% | 0.2% | ||
| Q2 24 | 0.1% | 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 | 6.04× | 0.01× | ||
| Q1 24 | — | -3.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLOV
Segment breakdown not available.
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
