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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $79.7M, roughly 1.7× HEALTHSTREAM INC). On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 7.4%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $11.7M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -0.3%).
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.
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
EEX vs HSTM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $79.7M |
| Net Profit | $-30.2M | — |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 3.0% |
| Net Margin | -22.8% | — |
| Revenue YoY | 24.3% | 7.4% |
| Net Profit YoY | -692.2% | — |
| EPS (diluted) | $-0.15 | $0.09 |
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 | $132.7M | $79.7M | ||
| Q3 25 | $77.5M | $76.5M | ||
| Q2 25 | $105.5M | $74.4M | ||
| Q1 25 | $147.7M | $73.5M | ||
| Q4 24 | $106.8M | $74.2M | ||
| Q3 24 | $72.6M | $73.1M | ||
| Q2 24 | $86.0M | $71.6M | ||
| Q1 24 | $133.4M | $72.8M |
| Q4 25 | $-30.2M | — | ||
| Q3 25 | $-14.4M | $6.1M | ||
| Q2 25 | $-1.4M | $5.4M | ||
| Q1 25 | $15.3M | $4.3M | ||
| Q4 24 | $5.1M | — | ||
| Q3 24 | $-11.1M | $5.7M | ||
| Q2 24 | $-2.8M | $4.2M | ||
| Q1 24 | $11.0M | $5.2M |
| Q4 25 | -11.8% | 3.0% | ||
| Q3 25 | -10.1% | 9.9% | ||
| Q2 25 | 9.7% | 7.9% | ||
| Q1 25 | 24.2% | 6.0% | ||
| Q4 24 | 19.5% | 6.3% | ||
| Q3 24 | -6.5% | 8.9% | ||
| Q2 24 | 7.4% | 6.2% | ||
| Q1 24 | 18.2% | 7.8% |
| Q4 25 | -22.8% | — | ||
| Q3 25 | -18.6% | 8.0% | ||
| Q2 25 | -1.3% | 7.2% | ||
| Q1 25 | 10.4% | 5.9% | ||
| Q4 24 | 4.8% | — | ||
| Q3 24 | -15.3% | 7.8% | ||
| Q2 24 | -3.3% | 5.8% | ||
| Q1 24 | 8.2% | 7.2% |
| Q4 25 | $-0.15 | $0.09 | ||
| Q3 25 | $-0.07 | $0.20 | ||
| Q2 25 | $-0.01 | $0.18 | ||
| Q1 25 | $0.08 | $0.14 | ||
| Q4 24 | $0.01 | $0.16 | ||
| Q3 24 | $-0.05 | $0.19 | ||
| Q2 24 | $-0.03 | $0.14 | ||
| Q1 24 | $0.00 | $0.17 |
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 | $36.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $354.0M |
| Total Assets | $1.2B | $520.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $36.2M | ||
| Q3 25 | $95.4M | $53.5M | ||
| Q2 25 | $156.4M | $52.1M | ||
| Q1 25 | $276.8M | $77.3M | ||
| Q4 24 | $194.8M | $59.5M | ||
| Q3 24 | $188.9M | $57.5M | ||
| Q2 24 | $193.2M | $46.1M | ||
| Q1 24 | $186.8M | $52.4M |
| Q4 25 | $338.8M | $354.0M | ||
| Q3 25 | $369.5M | $349.2M | ||
| Q2 25 | $389.4M | $350.6M | ||
| Q1 25 | $392.1M | $362.8M | ||
| Q4 24 | $385.9M | $359.4M | ||
| Q3 24 | $391.1M | $355.5M | ||
| Q2 24 | $407.6M | $349.2M | ||
| Q1 24 | $-90.7M | $344.9M |
| Q4 25 | $1.2B | $520.4M | ||
| Q3 25 | $1.2B | $499.9M | ||
| Q2 25 | $1.2B | $500.1M | ||
| Q1 25 | $1.2B | $524.0M | ||
| Q4 24 | $1.0B | $510.8M | ||
| Q3 24 | $1.1B | $502.8M | ||
| Q2 24 | $1.1B | $499.6M | ||
| Q1 24 | $1.1B | $511.6M |
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 | $13.2M |
| Free Cash FlowOCF − Capex | $11.7M | $13.0M |
| FCF MarginFCF / Revenue | 8.8% | 16.3% |
| Capex IntensityCapex / Revenue | 0.5% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $59.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $13.2M | ||
| Q3 25 | $1.8M | $18.0M | ||
| Q2 25 | $15.9M | $5.0M | ||
| Q1 25 | $12.6M | $27.1M | ||
| Q4 24 | $20.6M | $11.2M | ||
| Q3 24 | $9.1M | $19.1M | ||
| Q2 24 | $9.8M | $6.5M | ||
| Q1 24 | $7.3M | $20.9M |
| Q4 25 | $11.7M | $13.0M | ||
| Q3 25 | $1.5M | $17.9M | ||
| Q2 25 | $15.8M | $2.7M | ||
| Q1 25 | $12.4M | $26.0M | ||
| Q4 24 | $19.9M | $11.0M | ||
| Q3 24 | $9.0M | $18.8M | ||
| Q2 24 | $9.6M | $6.3M | ||
| Q1 24 | $7.0M | $20.2M |
| Q4 25 | 8.8% | 16.3% | ||
| Q3 25 | 1.9% | 23.4% | ||
| Q2 25 | 15.0% | 3.6% | ||
| Q1 25 | 8.4% | 35.4% | ||
| Q4 24 | 18.6% | 14.8% | ||
| Q3 24 | 12.4% | 25.8% | ||
| Q2 24 | 11.2% | 8.8% | ||
| Q1 24 | 5.2% | 27.8% |
| Q4 25 | 0.5% | 0.3% | ||
| Q3 25 | 0.4% | 0.1% | ||
| Q2 25 | 0.1% | 3.1% | ||
| Q1 25 | 0.1% | 1.4% | ||
| Q4 24 | 0.7% | 0.3% | ||
| Q3 24 | 0.1% | 0.4% | ||
| Q2 24 | 0.2% | 0.2% | ||
| Q1 24 | 0.2% | 1.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.96× | ||
| Q2 25 | — | 0.93× | ||
| Q1 25 | 0.82× | 6.25× | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | 3.34× | ||
| Q2 24 | — | 1.55× | ||
| Q1 24 | 0.66× | 4.01× |
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% |
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
