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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and Honest Company, Inc. (HNST). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $78.1M, roughly 1.7× Honest Company, Inc.). On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -19.7%). Over the past eight quarters, Emerald Holding, Inc.'s revenue compounded faster (-0.3% CAGR vs -8.4%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...
EEX vs HNST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $78.1M |
| Net Profit | $-30.2M | — |
| Gross Margin | — | 42.6% |
| Operating Margin | -11.8% | 56.6% |
| Net Margin | -22.8% | — |
| Revenue YoY | 24.3% | -19.7% |
| Net Profit YoY | -692.2% | — |
| EPS (diluted) | $-0.15 | $0.00 |
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.
| Q1 26 | — | $78.1M | ||
| Q4 25 | $132.7M | $88.0M | ||
| Q3 25 | $77.5M | $92.6M | ||
| Q2 25 | $105.5M | $93.5M | ||
| Q1 25 | $147.7M | $97.3M | ||
| Q4 24 | $106.8M | $99.8M | ||
| Q3 24 | $72.6M | $99.2M | ||
| Q2 24 | $86.0M | $93.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-30.2M | $-23.6M | ||
| Q3 25 | $-14.4M | $758.0K | ||
| Q2 25 | $-1.4M | $3.9M | ||
| Q1 25 | $15.3M | $3.3M | ||
| Q4 24 | $5.1M | $-809.0K | ||
| Q3 24 | $-11.1M | $165.0K | ||
| Q2 24 | $-2.8M | $-4.1M |
| Q1 26 | — | 42.6% | ||
| Q4 25 | — | 15.7% | ||
| Q3 25 | — | 37.3% | ||
| Q2 25 | — | 40.4% | ||
| Q1 25 | — | 38.7% | ||
| Q4 24 | — | 38.8% | ||
| Q3 24 | — | 38.7% | ||
| Q2 24 | — | 38.3% |
| Q1 26 | — | 56.6% | ||
| Q4 25 | -11.8% | -27.5% | ||
| Q3 25 | -10.1% | 0.3% | ||
| Q2 25 | 9.7% | 3.1% | ||
| Q1 25 | 24.2% | 2.6% | ||
| Q4 24 | 19.5% | -1.0% | ||
| Q3 24 | -6.5% | 0.1% | ||
| Q2 24 | 7.4% | -4.3% |
| Q1 26 | — | — | ||
| Q4 25 | -22.8% | -26.8% | ||
| Q3 25 | -18.6% | 0.8% | ||
| Q2 25 | -1.3% | 4.1% | ||
| Q1 25 | 10.4% | 3.3% | ||
| Q4 24 | 4.8% | -0.8% | ||
| Q3 24 | -15.3% | 0.2% | ||
| Q2 24 | -3.3% | -4.4% |
| Q1 26 | — | $0.00 | ||
| Q4 25 | $-0.15 | $-0.21 | ||
| Q3 25 | $-0.07 | $0.01 | ||
| Q2 25 | $-0.01 | $0.03 | ||
| Q1 25 | $0.08 | $0.03 | ||
| Q4 24 | $0.01 | $-0.01 | ||
| Q3 24 | $-0.05 | $0.00 | ||
| Q2 24 | $-0.03 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $100.9M | $90.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $169.1M |
| Total Assets | $1.2B | $214.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $90.4M | ||
| Q4 25 | $100.9M | $89.6M | ||
| Q3 25 | $95.4M | $71.5M | ||
| Q2 25 | $156.4M | $72.1M | ||
| Q1 25 | $276.8M | $72.8M | ||
| Q4 24 | $194.8M | $75.4M | ||
| Q3 24 | $188.9M | $53.4M | ||
| Q2 24 | $193.2M | $36.6M |
| Q1 26 | — | $169.1M | ||
| Q4 25 | $338.8M | $169.7M | ||
| Q3 25 | $369.5M | $190.2M | ||
| Q2 25 | $389.4M | $187.0M | ||
| Q1 25 | $392.1M | $180.4M | ||
| Q4 24 | $385.9M | $174.3M | ||
| Q3 24 | $391.1M | $133.9M | ||
| Q2 24 | $407.6M | $129.7M |
| Q1 26 | — | $214.9M | ||
| Q4 25 | $1.2B | $225.4M | ||
| Q3 25 | $1.2B | $241.5M | ||
| Q2 25 | $1.2B | $249.0M | ||
| Q1 25 | $1.2B | $265.3M | ||
| Q4 24 | $1.0B | $247.4M | ||
| Q3 24 | $1.1B | $209.2M | ||
| Q2 24 | $1.1B | $200.2M |
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 | $12.3M | — |
| Free Cash FlowOCF − Capex | $11.7M | — |
| FCF MarginFCF / Revenue | 8.8% | — |
| Capex IntensityCapex / Revenue | 0.5% | 0.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $12.3M | $19.3M | ||
| Q3 25 | $1.8M | $-504.0K | ||
| Q2 25 | $15.9M | $-745.0K | ||
| Q1 25 | $12.6M | $-2.9M | ||
| Q4 24 | $20.6M | $-16.8M | ||
| Q3 24 | $9.1M | $15.1M | ||
| Q2 24 | $9.8M | $2.9M |
| Q1 26 | — | — | ||
| Q4 25 | $11.7M | $18.1M | ||
| Q3 25 | $1.5M | $-624.0K | ||
| Q2 25 | $15.8M | $-826.0K | ||
| Q1 25 | $12.4M | $-3.0M | ||
| Q4 24 | $19.9M | $-17.2M | ||
| Q3 24 | $9.0M | $15.0M | ||
| Q2 24 | $9.6M | $2.9M |
| Q1 26 | — | — | ||
| Q4 25 | 8.8% | 20.5% | ||
| Q3 25 | 1.9% | -0.7% | ||
| Q2 25 | 15.0% | -0.9% | ||
| Q1 25 | 8.4% | -3.1% | ||
| Q4 24 | 18.6% | -17.2% | ||
| Q3 24 | 12.4% | 15.1% | ||
| Q2 24 | 11.2% | 3.1% |
| Q1 26 | — | 0.6% | ||
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.4% | 0.1% | ||
| Q2 25 | 0.1% | 0.1% | ||
| Q1 25 | 0.1% | 0.1% | ||
| Q4 24 | 0.7% | 0.3% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.2% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.19× | ||
| Q1 25 | 0.82× | -0.90× | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | 91.42× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
HNST
Segment breakdown not available.
