vs

Side-by-side financial comparison of Dragonfly Energy Holdings Corp. (DFLI) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

Dragonfly Energy Holdings Corp. is the larger business by last-quarter revenue ($13.1M vs $9.0M, roughly 1.4× UTAH MEDICAL PRODUCTS INC). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs -344.9%, a 373.3% gap on every dollar of revenue. On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs -1.2%). UTAH MEDICAL PRODUCTS INC produced more free cash flow last quarter ($3.4M vs $-14.9M). Over the past eight quarters, Dragonfly Energy Holdings Corp.'s revenue compounded faster (2.2% CAGR vs -10.7%).

Dragonfly Energy Holdings Corp. is a U.S.-based energy technology company specializing in designing and manufacturing high-performance, sustainable lithium-ion batteries. Its core offerings include deep-cycle batteries for RVs, marine uses, off-grid power systems, and residential energy storage, primarily serving consumer and small industrial renewable energy markets across North America.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

DFLI vs UTMD — Head-to-Head

Bigger by revenue
DFLI
DFLI
1.4× larger
DFLI
$13.1M
$9.0M
UTMD
Growing faster (revenue YoY)
DFLI
DFLI
+8.2% gap
DFLI
6.9%
-1.2%
UTMD
Higher net margin
UTMD
UTMD
373.3% more per $
UTMD
28.4%
-344.9%
DFLI
More free cash flow
UTMD
UTMD
$18.2M more FCF
UTMD
$3.4M
$-14.9M
DFLI
Faster 2-yr revenue CAGR
DFLI
DFLI
Annualised
DFLI
2.2%
-10.7%
UTMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFLI
DFLI
UTMD
UTMD
Revenue
$13.1M
$9.0M
Net Profit
$-45.0M
$2.6M
Gross Margin
18.2%
58.2%
Operating Margin
-78.1%
27.0%
Net Margin
-344.9%
28.4%
Revenue YoY
6.9%
-1.2%
Net Profit YoY
-357.6%
-11.6%
EPS (diluted)
$-13.09
$0.80

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
DFLI
DFLI
UTMD
UTMD
Q4 25
$13.1M
$9.0M
Q3 25
$16.0M
$9.8M
Q2 25
$16.2M
$10.0M
Q1 25
$13.4M
$9.7M
Q4 24
$12.2M
$9.2M
Q3 24
$12.7M
$10.0M
Q2 24
$13.2M
$10.4M
Q1 24
$12.5M
$11.3M
Net Profit
DFLI
DFLI
UTMD
UTMD
Q4 25
$-45.0M
$2.6M
Q3 25
$-11.1M
$2.6M
Q2 25
$-7.0M
$3.0M
Q1 25
$-6.8M
$3.0M
Q4 24
$-9.8M
$2.9M
Q3 24
$-6.8M
$3.6M
Q2 24
$-13.6M
$3.5M
Q1 24
$-10.4M
$4.0M
Gross Margin
DFLI
DFLI
UTMD
UTMD
Q4 25
18.2%
58.2%
Q3 25
29.7%
57.1%
Q2 25
28.3%
56.2%
Q1 25
29.4%
57.0%
Q4 24
20.8%
58.1%
Q3 24
22.6%
58.0%
Q2 24
24.0%
60.1%
Q1 24
24.4%
59.7%
Operating Margin
DFLI
DFLI
UTMD
UTMD
Q4 25
-78.1%
27.0%
Q3 25
-23.7%
26.6%
Q2 25
-20.2%
32.1%
Q1 25
-44.3%
32.5%
Q4 24
-58.5%
32.0%
Q3 24
-47.4%
33.4%
Q2 24
-51.1%
33.1%
Q1 24
-46.7%
34.2%
Net Margin
DFLI
DFLI
UTMD
UTMD
Q4 25
-344.9%
28.4%
Q3 25
-69.3%
26.8%
Q2 25
-43.3%
30.6%
Q1 25
-50.9%
31.3%
Q4 24
-80.6%
31.7%
Q3 24
-53.3%
35.6%
Q2 24
-103.2%
33.2%
Q1 24
-82.9%
34.9%
EPS (diluted)
DFLI
DFLI
UTMD
UTMD
Q4 25
$-13.09
$0.80
Q3 25
$-0.20
$0.82
Q2 25
$-0.58
$0.94
Q1 25
$-0.93
$0.92
Q4 24
$-54.60
$0.86
Q3 24
$-0.11
$1.03
Q2 24
$-0.22
$0.98
Q1 24
$-0.17
$1.09

Balance Sheet & Financial Strength

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

Metric
DFLI
DFLI
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$18.3M
$85.8M
Total DebtLower is stronger
$19.3M
$225.0K
Stockholders' EquityBook value
$11.5M
$119.3M
Total Assets
$86.5M
$122.5M
Debt / EquityLower = less leverage
1.68×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFLI
DFLI
UTMD
UTMD
Q4 25
$18.3M
$85.8M
Q3 25
$3.8M
$84.3M
Q2 25
$2.7M
$82.2M
Q1 25
$2.5M
$83.3M
Q4 24
$4.8M
$83.0M
Q3 24
$8.0M
$88.5M
Q2 24
$4.7M
$89.2M
Q1 24
$8.5M
$93.8M
Total Debt
DFLI
DFLI
UTMD
UTMD
Q4 25
$19.3M
$225.0K
Q3 25
$97.1M
Q2 25
$93.2M
Q1 25
$89.5M
$269.0K
Q4 24
$85.9M
$282.0K
Q3 24
$82.4M
Q2 24
$80.4M
Q1 24
$77.1M
Stockholders' Equity
DFLI
DFLI
UTMD
UTMD
Q4 25
$11.5M
$119.3M
Q3 25
$-21.6M
$118.3M
Q2 25
$-16.6M
$117.5M
Q1 25
$-15.6M
$117.0M
Q4 24
$-9.4M
$117.4M
Q3 24
$-297.0K
$124.2M
Q2 24
$5.3M
$124.1M
Q1 24
$17.8M
$127.7M
Total Assets
DFLI
DFLI
UTMD
UTMD
Q4 25
$86.5M
$122.5M
Q3 25
$73.8M
$122.0M
Q2 25
$71.8M
$120.8M
Q1 25
$74.2M
$122.5M
Q4 24
$75.2M
$122.5M
Q3 24
$83.9M
$129.7M
Q2 24
$85.0M
$130.0M
Q1 24
$88.4M
$135.4M
Debt / Equity
DFLI
DFLI
UTMD
UTMD
Q4 25
1.68×
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
Q2 24
15.27×
Q1 24
4.33×

Cash Flow & Capital Efficiency

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

Metric
DFLI
DFLI
UTMD
UTMD
Operating Cash FlowLast quarter
$-14.7M
$3.5M
Free Cash FlowOCF − Capex
$-14.9M
$3.4M
FCF MarginFCF / Revenue
-113.8%
37.2%
Capex IntensityCapex / Revenue
1.1%
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFLI
DFLI
UTMD
UTMD
Q4 25
$-14.7M
$3.5M
Q3 25
$3.9M
Q2 25
$2.9M
Q1 25
$-4.5M
$4.5M
Q4 24
$-2.5M
$2.9M
Q3 24
$3.9M
Q2 24
$2.8M
Q1 24
$-3.4M
$5.3M
Free Cash Flow
DFLI
DFLI
UTMD
UTMD
Q4 25
$-14.9M
$3.4M
Q3 25
$3.9M
Q2 25
$2.8M
Q1 25
$-5.3M
$4.3M
Q4 24
$-3.5M
$2.9M
Q3 24
$3.8M
Q2 24
$2.7M
Q1 24
$-4.2M
$5.3M
FCF Margin
DFLI
DFLI
UTMD
UTMD
Q4 25
-113.8%
37.2%
Q3 25
39.2%
Q2 25
28.4%
Q1 25
-39.6%
44.1%
Q4 24
-28.6%
32.0%
Q3 24
37.7%
Q2 24
25.5%
Q1 24
-33.7%
46.3%
Capex Intensity
DFLI
DFLI
UTMD
UTMD
Q4 25
1.1%
1.2%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
5.8%
1.9%
Q4 24
8.1%
0.1%
Q3 24
0.9%
Q2 24
1.1%
Q1 24
6.5%
0.2%
Cash Conversion
DFLI
DFLI
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DFLI
DFLI

Original Equipment Manufacturers$8.1M62%
Sales Channel Directly To Consumer$4.7M36%

UTMD
UTMD

Segment breakdown not available.

Related Comparisons