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Side-by-side financial comparison of COMERICA INC (CMA) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.

SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $838.0M, roughly 1.7× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 4.5%, a 16.5% gap on every dollar of revenue. On growth, SELECT MEDICAL HOLDINGS CORP posted the faster year-over-year revenue change (5.0% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 5.3%).

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.

CMA vs SEM — Head-to-Head

Bigger by revenue
SEM
SEM
1.7× larger
SEM
$1.4B
$838.0M
CMA
Growing faster (revenue YoY)
SEM
SEM
+1.7% gap
SEM
5.0%
3.3%
CMA
Higher net margin
CMA
CMA
16.5% more per $
CMA
21.0%
4.5%
SEM
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
5.3%
SEM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CMA
CMA
SEM
SEM
Revenue
$838.0M
$1.4B
Net Profit
$176.0M
$63.8M
Gross Margin
Operating Margin
6.9%
Net Margin
21.0%
4.5%
Revenue YoY
3.3%
5.0%
Net Profit YoY
-4.3%
-14.7%
EPS (diluted)
$1.35
$0.35

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
CMA
CMA
SEM
SEM
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$838.0M
$1.4B
Q2 25
$849.0M
$1.3B
Q1 25
$829.0M
$1.4B
Q4 24
$825.0M
$1.3B
Q3 24
$811.0M
$1.3B
Q2 24
$824.0M
$1.3B
Net Profit
CMA
CMA
SEM
SEM
Q1 26
$63.8M
Q4 25
$20.2M
Q3 25
$176.0M
$28.8M
Q2 25
$199.0M
$40.6M
Q1 25
$172.0M
$56.7M
Q4 24
$170.0M
$-16.1M
Q3 24
$184.0M
$55.6M
Q2 24
$206.0M
$77.6M
Operating Margin
CMA
CMA
SEM
SEM
Q1 26
6.9%
Q4 25
4.6%
Q3 25
5.4%
Q2 25
6.5%
Q1 25
8.3%
Q4 24
1.6%
Q3 24
4.3%
Q2 24
5.8%
Net Margin
CMA
CMA
SEM
SEM
Q1 26
4.5%
Q4 25
1.4%
Q3 25
21.0%
2.1%
Q2 25
23.4%
3.0%
Q1 25
20.7%
4.2%
Q4 24
20.6%
-1.2%
Q3 24
22.7%
4.4%
Q2 24
25.0%
6.1%
EPS (diluted)
CMA
CMA
SEM
SEM
Q1 26
$0.35
Q4 25
$0.17
Q3 25
$1.35
$0.23
Q2 25
$1.42
$0.32
Q1 25
$1.25
$0.44
Q4 24
$1.22
$-0.12
Q3 24
$1.33
$0.43
Q2 24
$1.49
$0.60

Balance Sheet & Financial Strength

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

Metric
CMA
CMA
SEM
SEM
Cash + ST InvestmentsLiquidity on hand
$25.7M
Total DebtLower is stronger
$5.4B
$1.8B
Stockholders' EquityBook value
$7.4B
$2.1B
Total Assets
$77.4B
$6.0B
Debt / EquityLower = less leverage
0.73×
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMA
CMA
SEM
SEM
Q1 26
$25.7M
Q4 25
$26.5M
Q3 25
$60.1M
Q2 25
$52.3M
Q1 25
$53.2M
Q4 24
$59.7M
Q3 24
$191.5M
Q2 24
$111.2M
Total Debt
CMA
CMA
SEM
SEM
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$5.4B
$1.7B
Q2 25
$5.8B
$1.8B
Q1 25
$5.7B
$1.8B
Q4 24
$6.7B
$1.7B
Q3 24
$6.8B
$3.1B
Q2 24
$7.1B
$3.6B
Stockholders' Equity
CMA
CMA
SEM
SEM
Q1 26
$2.1B
Q4 25
$1.7B
Q3 25
$7.4B
$1.7B
Q2 25
$6.9B
$1.7B
Q1 25
$7.1B
$1.7B
Q4 24
$6.5B
$1.7B
Q3 24
$7.4B
$1.9B
Q2 24
$6.2B
$1.4B
Total Assets
CMA
CMA
SEM
SEM
Q1 26
$6.0B
Q4 25
$5.9B
Q3 25
$77.4B
$5.7B
Q2 25
$78.0B
$5.7B
Q1 25
$77.6B
$5.7B
Q4 24
$79.3B
$5.6B
Q3 24
$79.7B
$8.0B
Q2 24
$79.6B
$7.9B
Debt / Equity
CMA
CMA
SEM
SEM
Q1 26
0.88×
Q4 25
1.06×
Q3 25
0.73×
1.03×
Q2 25
0.84×
1.10×
Q1 25
0.81×
1.03×
Q4 24
1.02×
1.01×
Q3 24
0.92×
1.62×
Q2 24
1.15×
2.54×

Cash Flow & Capital Efficiency

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

Metric
CMA
CMA
SEM
SEM
Operating Cash FlowLast quarter
$-270.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMA
CMA
SEM
SEM
Q1 26
Q4 25
$64.3M
Q3 25
$-270.0M
$175.3M
Q2 25
$476.0M
$110.3M
Q1 25
$273.0M
$-3.5M
Q4 24
$601.0M
$125.4M
Q3 24
$1.0B
$181.0M
Q2 24
$111.0M
$278.2M
Free Cash Flow
CMA
CMA
SEM
SEM
Q1 26
Q4 25
$5.2M
Q3 25
$122.2M
Q2 25
$45.6M
Q1 25
$-55.8M
Q4 24
$62.0M
Q3 24
$130.3M
Q2 24
$222.6M
FCF Margin
CMA
CMA
SEM
SEM
Q1 26
Q4 25
0.4%
Q3 25
9.0%
Q2 25
3.4%
Q1 25
-4.1%
Q4 24
4.7%
Q3 24
10.2%
Q2 24
17.4%
Capex Intensity
CMA
CMA
SEM
SEM
Q1 26
Q4 25
4.2%
Q3 25
3.9%
Q2 25
4.8%
Q1 25
3.9%
Q4 24
4.8%
Q3 24
4.0%
Q2 24
4.3%
Cash Conversion
CMA
CMA
SEM
SEM
Q1 26
Q4 25
3.19×
Q3 25
-1.53×
6.09×
Q2 25
2.39×
2.72×
Q1 25
1.59×
-0.06×
Q4 24
3.54×
Q3 24
5.70×
3.25×
Q2 24
0.54×
3.59×

Financial Flow Comparison

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

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