vs
Side-by-side financial comparison of CLOVER HEALTH INVESTMENTS, CORP. (CLOV) and TRUPANION, INC. (TRUP). 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 $376.9M, roughly 1.3× TRUPANION, INC.). On growth, CLOVER HEALTH INVESTMENTS, CORP. posted the faster year-over-year revenue change (44.7% vs 11.7%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $-68.7M). Over the past eight quarters, CLOVER HEALTH INVESTMENTS, CORP.'s revenue compounded faster (18.6% CAGR vs 11.0%).
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.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
CLOV vs TRUP — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $487.7M | $376.9M |
| Net Profit | $-49.3M | — |
| Gross Margin | — | 17.3% |
| Operating Margin | -10.1% | 1.9% |
| Net Margin | -10.1% | — |
| Revenue YoY | 44.7% | 11.7% |
| Net Profit YoY | -123.2% | — |
| EPS (diluted) | — | $0.13 |
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 | $376.9M | ||
| Q3 25 | $496.6M | $366.9M | ||
| Q2 25 | $477.6M | $353.6M | ||
| Q1 25 | $462.3M | $342.0M | ||
| Q4 24 | $337.0M | $337.3M | ||
| Q3 24 | $331.0M | $327.5M | ||
| Q2 24 | $356.3M | $314.8M | ||
| Q1 24 | $346.9M | $306.1M |
| Q4 25 | $-49.3M | — | ||
| Q3 25 | $-24.4M | — | ||
| Q2 25 | $-10.6M | — | ||
| Q1 25 | $-1.3M | — | ||
| Q4 24 | $-22.1M | — | ||
| Q3 24 | $-9.2M | — | ||
| Q2 24 | $7.4M | — | ||
| Q1 24 | $-19.2M | — |
| Q4 25 | — | 17.3% | ||
| Q3 25 | — | 16.4% | ||
| Q2 25 | — | 15.5% | ||
| Q1 25 | — | 14.9% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | 24.5% | 15.1% | ||
| Q2 24 | 30.3% | 12.8% | ||
| Q1 24 | 23.6% | 11.8% |
| Q4 25 | -10.1% | 1.9% | ||
| Q3 25 | -4.9% | 1.6% | ||
| Q2 25 | -2.2% | 0.7% | ||
| Q1 25 | -0.3% | -0.4% | ||
| Q4 24 | -6.4% | 0.1% | ||
| Q3 24 | -2.7% | 0.5% | ||
| Q2 24 | 2.0% | -1.7% | ||
| Q1 24 | -6.5% | -2.0% |
| Q4 25 | -10.1% | — | ||
| Q3 25 | -4.9% | — | ||
| Q2 25 | -2.2% | — | ||
| Q1 25 | -0.3% | — | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | -2.8% | — | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | -5.5% | — |
| Q4 25 | — | $0.13 | ||
| Q3 25 | — | $0.13 | ||
| Q2 25 | — | $0.22 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | — | $0.04 | ||
| Q3 24 | — | $0.03 | ||
| Q2 24 | — | $-0.14 | ||
| Q1 24 | — | $-0.16 |
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 | $370.7M |
| Total DebtLower is stronger | — | $101.8M |
| Stockholders' EquityBook value | $308.7M | $383.9M |
| Total Assets | $541.0M | $915.0M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.3M | $370.7M | ||
| Q3 25 | — | $348.5M | ||
| Q2 25 | — | $319.6M | ||
| Q1 25 | — | $321.8M | ||
| Q4 24 | $194.5M | $307.4M | ||
| Q3 24 | $288.0M | $293.1M | ||
| Q2 24 | $254.8M | $277.2M | ||
| Q1 24 | $208.3M | $275.2M |
| Q4 25 | — | $101.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $127.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $308.7M | $383.9M | ||
| Q3 25 | $340.9M | $368.6M | ||
| Q2 25 | $344.2M | $355.5M | ||
| Q1 25 | $336.1M | $333.7M | ||
| Q4 24 | $341.1M | $323.3M | ||
| Q3 24 | $342.2M | $320.2M | ||
| Q2 24 | $324.9M | $305.8M | ||
| Q1 24 | $292.5M | $303.4M |
| Q4 25 | $541.0M | $915.0M | ||
| Q3 25 | $559.7M | $880.2M | ||
| Q2 25 | $575.0M | $847.8M | ||
| Q1 25 | $583.7M | $837.2M | ||
| Q4 24 | $580.7M | $806.9M | ||
| Q3 24 | $653.0M | $816.1M | ||
| Q2 24 | $674.2M | $795.9M | ||
| Q1 24 | $671.8M | $789.5M |
| Q4 25 | — | 0.27× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.39× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-68.2M | $29.3M |
| Free Cash FlowOCF − Capex | $-68.7M | $25.3M |
| FCF MarginFCF / Revenue | -14.1% | 6.7% |
| Capex IntensityCapex / Revenue | 0.1% | 1.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-69.0M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-68.2M | $29.3M | ||
| Q3 25 | $12.1M | $29.2M | ||
| Q2 25 | $5.4M | $15.0M | ||
| Q1 25 | $-16.3M | $16.0M | ||
| Q4 24 | $-85.8M | $23.7M | ||
| Q3 24 | $50.0M | $15.3M | ||
| Q2 24 | $44.8M | $6.9M | ||
| Q1 24 | $25.9M | $2.4M |
| Q4 25 | $-68.7M | $25.3M | ||
| Q3 25 | $11.4M | $23.9M | ||
| Q2 25 | $4.8M | $12.0M | ||
| Q1 25 | $-16.5M | $14.0M | ||
| Q4 24 | $-86.1M | $21.8M | ||
| Q3 24 | $49.6M | $13.4M | ||
| Q2 24 | $44.4M | $4.0M | ||
| Q1 24 | $25.5M | $-631.0K |
| Q4 25 | -14.1% | 6.7% | ||
| Q3 25 | 2.3% | 6.5% | ||
| Q2 25 | 1.0% | 3.4% | ||
| Q1 25 | -3.6% | 4.1% | ||
| Q4 24 | -25.6% | 6.5% | ||
| Q3 24 | 15.0% | 4.1% | ||
| Q2 24 | 12.5% | 1.3% | ||
| Q1 24 | 7.3% | -0.2% |
| Q4 25 | 0.1% | 1.0% | ||
| Q3 25 | 0.1% | 1.4% | ||
| Q2 25 | 0.1% | 0.8% | ||
| Q1 25 | 0.0% | 0.6% | ||
| Q4 24 | 0.1% | 0.6% | ||
| Q3 24 | 0.1% | 0.6% | ||
| Q2 24 | 0.1% | 0.9% | ||
| Q1 24 | 0.1% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.04× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
