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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) and Embecta Corp. (EMBC). Click either name above to swap in a different company.

Embecta Corp. is the larger business by last-quarter revenue ($261.2M vs $170.5M, roughly 1.5× Employers Holdings, Inc.). On growth, Embecta Corp. posted the faster year-over-year revenue change (-0.3% vs -21.3%). Over the past eight quarters, Embecta Corp.'s revenue compounded faster (-4.6% CAGR vs -11.4%).

Employers Holdings, Inc. is a U.S.-headquartered insurance holding company that specializes in offering workers' compensation insurance and customized risk management services primarily for small and medium-sized enterprises across the United States. It mainly serves clients in low-to-medium hazard industries, helping them mitigate workplace safety risks and meet relevant regulatory requirements for employee protection.

Embecta Corp. is a global medical technology company focused on diabetes care solutions. It designs, manufactures and distributes a full portfolio of products including insulin pen needles, syringes, infusion set components and related delivery devices, serving patients, healthcare providers and biopharmaceutical partners across North America, Europe, Asia Pacific and other major markets.

EIG vs EMBC — Head-to-Head

Bigger by revenue
EMBC
EMBC
1.5× larger
EMBC
$261.2M
$170.5M
EIG
Growing faster (revenue YoY)
EMBC
EMBC
+21.0% gap
EMBC
-0.3%
-21.3%
EIG
Faster 2-yr revenue CAGR
EMBC
EMBC
Annualised
EMBC
-4.6%
-11.4%
EIG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EIG
EIG
EMBC
EMBC
Revenue
$170.5M
$261.2M
Net Profit
$44.1M
Gross Margin
61.9%
Operating Margin
31.9%
Net Margin
16.9%
Revenue YoY
-21.3%
-0.3%
Net Profit YoY
EPS (diluted)
$0.74

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
EIG
EIG
EMBC
EMBC
Q1 26
$170.5M
Q4 25
$188.5M
$261.2M
Q3 25
$239.3M
$264.0M
Q2 25
$246.3M
$295.5M
Q1 25
$202.6M
$259.0M
Q4 24
$216.6M
$261.9M
Q3 24
$224.0M
$286.1M
Q2 24
$217.0M
$272.5M
Net Profit
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
$44.1M
Q3 25
$-8.3M
$26.4M
Q2 25
$29.7M
$45.5M
Q1 25
$12.8M
$23.5M
Q4 24
$0
Q3 24
$30.3M
$14.6M
Q2 24
$31.7M
$14.7M
Gross Margin
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
61.9%
Q3 25
60.0%
Q2 25
66.7%
Q1 25
63.4%
Q4 24
60.0%
Q3 24
60.7%
Q2 24
69.8%
Operating Margin
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
31.9%
Q3 25
-4.7%
21.4%
Q2 25
15.0%
31.8%
Q1 25
7.8%
24.3%
Q4 24
11.0%
Q3 24
16.4%
9.2%
Q2 24
18.4%
20.5%
Net Margin
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
16.9%
Q3 25
-3.5%
10.0%
Q2 25
12.1%
15.4%
Q1 25
6.3%
9.1%
Q4 24
Q3 24
13.5%
5.1%
Q2 24
14.6%
5.4%
EPS (diluted)
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
$-0.93
$0.74
Q3 25
$-0.36
$0.44
Q2 25
$1.23
$0.78
Q1 25
$0.52
$0.40
Q4 24
$1.14
$0.00
Q3 24
$1.21
$0.24
Q2 24
$1.25
$0.25

Balance Sheet & Financial Strength

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

Metric
EIG
EIG
EMBC
EMBC
Cash + ST InvestmentsLiquidity on hand
$169.9M
$201.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$955.7M
$-613.1M
Total Assets
$3.4B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EIG
EIG
EMBC
EMBC
Q1 26
$169.9M
Q4 25
$169.9M
$201.3M
Q3 25
$172.4M
$225.5M
Q2 25
$78.1M
$230.6M
Q1 25
$100.4M
$209.3M
Q4 24
$68.4M
$210.0M
Q3 24
$173.9M
$267.5M
Q2 24
$126.4M
$275.1M
Total Debt
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
$19.0M
Q3 25
$1.4B
Q2 25
Q1 25
Q4 24
$0
Q3 24
$1.6B
Q2 24
Stockholders' Equity
EIG
EIG
EMBC
EMBC
Q1 26
$955.7M
Q4 25
$955.7M
$-613.1M
Q3 25
$1.0B
$-650.6M
Q2 25
$1.1B
$-669.6M
Q1 25
$1.1B
$-736.2M
Q4 24
$1.1B
$-768.8M
Q3 24
$1.1B
$-738.3M
Q2 24
$1.0B
$-763.7M
Total Assets
EIG
EIG
EMBC
EMBC
Q1 26
$3.4B
Q4 25
$3.4B
$1.1B
Q3 25
$3.5B
$1.1B
Q2 25
$3.5B
$1.2B
Q1 25
$3.6B
$1.1B
Q4 24
$3.5B
$1.1B
Q3 24
$3.6B
$1.3B
Q2 24
$3.5B
$1.3B
Debt / Equity
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
0.02×
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
EIG
EIG
EMBC
EMBC
Operating Cash FlowLast quarter
$17.2M
Free Cash FlowOCF − Capex
$16.6M
FCF MarginFCF / Revenue
6.4%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$205.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
$44.7M
$17.2M
Q3 25
$29.4M
$84.0M
Q2 25
$0
$81.2M
Q1 25
$14.6M
$31.8M
Q4 24
$76.4M
$-5.3M
Q3 24
$51.0M
$26.6M
Q2 24
$11.7M
$-2.1M
Free Cash Flow
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
$44.6M
$16.6M
Q3 25
$76.7M
Q2 25
$80.8M
Q1 25
$31.7M
Q4 24
$76.3M
$-6.8M
Q3 24
Q2 24
$-11.8M
FCF Margin
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
23.7%
6.4%
Q3 25
29.1%
Q2 25
27.3%
Q1 25
12.2%
Q4 24
35.2%
-2.6%
Q3 24
Q2 24
-4.3%
Capex Intensity
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
0.1%
0.2%
Q3 25
2.8%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.0%
0.6%
Q3 24
0.0%
Q2 24
3.6%
Cash Conversion
EIG
EIG
EMBC
EMBC
Q1 26
Q4 25
0.39×
Q3 25
3.18×
Q2 25
0.00×
1.78×
Q1 25
1.14×
1.35×
Q4 24
Q3 24
1.68×
1.82×
Q2 24
0.37×
-0.14×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EIG
EIG

Segment breakdown not available.

EMBC
EMBC

Pen Needles$185.5M71%
Safety$37.3M14%
Syringes$30.7M12%
Manufacturing Facility$4.1M2%

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