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Side-by-side financial comparison of Employers Holdings, Inc. (EIG) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $170.5M, roughly 1.2× Employers Holdings, Inc.). On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -21.3%). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% 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.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
EIG vs IRTC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $170.5M | $208.9M |
| Net Profit | — | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | — | 1.1% |
| Net Margin | — | 2.7% |
| Revenue YoY | -21.3% | 27.1% |
| Net Profit YoY | — | 518.5% |
| EPS (diluted) | — | $0.18 |
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 | $170.5M | — | ||
| Q4 25 | $188.5M | $208.9M | ||
| Q3 25 | $239.3M | $192.9M | ||
| Q2 25 | $246.3M | $186.7M | ||
| Q1 25 | $202.6M | $158.7M | ||
| Q4 24 | $216.6M | $164.3M | ||
| Q3 24 | $224.0M | $147.5M | ||
| Q2 24 | $217.0M | $148.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.6M | ||
| Q3 25 | $-8.3M | $-5.2M | ||
| Q2 25 | $29.7M | $-14.2M | ||
| Q1 25 | $12.8M | $-30.7M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $30.3M | $-46.2M | ||
| Q2 24 | $31.7M | $-20.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.1% | ||
| Q3 25 | -4.7% | -4.4% | ||
| Q2 25 | 15.0% | -10.0% | ||
| Q1 25 | 7.8% | -20.5% | ||
| Q4 24 | — | -2.5% | ||
| Q3 24 | 16.4% | -34.1% | ||
| Q2 24 | 18.4% | -15.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | -3.5% | -2.7% | ||
| Q2 25 | 12.1% | -7.6% | ||
| Q1 25 | 6.3% | -19.3% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | 13.5% | -31.3% | ||
| Q2 24 | 14.6% | -13.6% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.93 | $0.18 | ||
| Q3 25 | $-0.36 | $-0.16 | ||
| Q2 25 | $1.23 | $-0.44 | ||
| Q1 25 | $0.52 | $-0.97 | ||
| Q4 24 | $1.14 | $-0.03 | ||
| Q3 24 | $1.21 | $-1.48 | ||
| Q2 24 | $1.25 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $169.9M | $583.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $955.7M | $152.7M |
| Total Assets | $3.4B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $169.9M | — | ||
| Q4 25 | $169.9M | $583.8M | ||
| Q3 25 | $172.4M | $565.2M | ||
| Q2 25 | $78.1M | $545.5M | ||
| Q1 25 | $100.4M | $520.6M | ||
| Q4 24 | $68.4M | $535.6M | ||
| Q3 24 | $173.9M | $522.0M | ||
| Q2 24 | $126.4M | $561.5M |
| Q1 26 | — | — | ||
| Q4 25 | $19.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $955.7M | — | ||
| Q4 25 | $955.7M | $152.7M | ||
| Q3 25 | $1.0B | $121.9M | ||
| Q2 25 | $1.1B | $103.7M | ||
| Q1 25 | $1.1B | $86.7M | ||
| Q4 24 | $1.1B | $90.9M | ||
| Q3 24 | $1.1B | $71.8M | ||
| Q2 24 | $1.0B | $99.2M |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.4B | $1.0B | ||
| Q3 25 | $3.5B | $995.2M | ||
| Q2 25 | $3.5B | $964.0M | ||
| Q1 25 | $3.6B | $926.1M | ||
| Q4 24 | $3.5B | $931.4M | ||
| Q3 24 | $3.6B | $909.7M | ||
| Q2 24 | $3.5B | $919.2M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $26.2M |
| Free Cash FlowOCF − Capex | — | $14.5M |
| FCF MarginFCF / Revenue | — | 6.9% |
| Capex IntensityCapex / Revenue | — | 5.6% |
| Cash ConversionOCF / Net Profit | — | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $44.7M | $26.2M | ||
| Q3 25 | $29.4M | $34.9M | ||
| Q2 25 | $0 | $27.7M | ||
| Q1 25 | $14.6M | $-7.9M | ||
| Q4 24 | $76.4M | $19.2M | ||
| Q3 24 | $51.0M | $24.3M | ||
| Q2 24 | $11.7M | $11.8M |
| Q1 26 | — | — | ||
| Q4 25 | $44.6M | $14.5M | ||
| Q3 25 | — | $20.1M | ||
| Q2 25 | — | $17.3M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | $76.3M | $12.4M | ||
| Q3 24 | — | $15.5M | ||
| Q2 24 | — | $3.4M |
| Q1 26 | — | — | ||
| Q4 25 | 23.7% | 6.9% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | -10.9% | ||
| Q4 24 | 35.2% | 7.5% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 5.6% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | 0.0% | 4.2% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.70× | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.14× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.68× | — | ||
| Q2 24 | 0.37× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EIG
Segment breakdown not available.
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
