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Side-by-side financial comparison of Electromed, Inc. (ELMD) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

Electromed, Inc. is the larger business by last-quarter revenue ($18.9M vs $18.4M, roughly 1.0× Simulations Plus, Inc.). Electromed, Inc. runs the higher net margin — 14.6% vs 3.7%, a 10.9% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs -2.7%). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs 0.3%).

Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

ELMD vs SLP — Head-to-Head

Bigger by revenue
ELMD
ELMD
1.0× larger
ELMD
$18.9M
$18.4M
SLP
Growing faster (revenue YoY)
ELMD
ELMD
+18.9% gap
ELMD
16.3%
-2.7%
SLP
Higher net margin
ELMD
ELMD
10.9% more per $
ELMD
14.6%
3.7%
SLP
Faster 2-yr revenue CAGR
ELMD
ELMD
Annualised
ELMD
16.7%
0.3%
SLP

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ELMD
ELMD
SLP
SLP
Revenue
$18.9M
$18.4M
Net Profit
$2.8M
$676.0K
Gross Margin
78.4%
59.1%
Operating Margin
19.2%
3.9%
Net Margin
14.6%
3.7%
Revenue YoY
16.3%
-2.7%
Net Profit YoY
40.3%
228.2%
EPS (diluted)
$0.32
$0.03

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
ELMD
ELMD
SLP
SLP
Q4 25
$18.9M
$18.4M
Q3 25
$16.9M
$17.5M
Q2 25
$17.4M
$20.4M
Q1 25
$15.7M
$22.4M
Q4 24
$16.3M
$18.9M
Q3 24
$14.7M
$18.7M
Q2 24
$14.8M
$18.5M
Q1 24
$13.9M
$18.3M
Net Profit
ELMD
ELMD
SLP
SLP
Q4 25
$2.8M
$676.0K
Q3 25
$2.1M
$-681.0K
Q2 25
$2.2M
$-67.3M
Q1 25
$1.9M
$3.1M
Q4 24
$2.0M
$206.0K
Q3 24
$1.5M
$843.0K
Q2 24
$1.8M
$3.1M
Q1 24
$1.5M
$4.0M
Gross Margin
ELMD
ELMD
SLP
SLP
Q4 25
78.4%
59.1%
Q3 25
78.1%
56.4%
Q2 25
78.3%
64.0%
Q1 25
78.0%
58.5%
Q4 24
77.7%
54.0%
Q3 24
78.3%
36.6%
Q2 24
76.2%
71.5%
Q1 24
74.8%
72.2%
Operating Margin
ELMD
ELMD
SLP
SLP
Q4 25
19.2%
3.9%
Q3 25
15.8%
3.8%
Q2 25
17.5%
-364.5%
Q1 25
13.6%
12.1%
Q4 24
15.6%
0.7%
Q3 24
13.2%
-6.2%
Q2 24
15.7%
10.1%
Q1 24
13.3%
24.3%
Net Margin
ELMD
ELMD
SLP
SLP
Q4 25
14.6%
3.7%
Q3 25
12.6%
-3.9%
Q2 25
12.7%
-330.6%
Q1 25
12.1%
13.7%
Q4 24
12.1%
1.1%
Q3 24
10.0%
4.5%
Q2 24
12.3%
16.9%
Q1 24
10.8%
22.0%
EPS (diluted)
ELMD
ELMD
SLP
SLP
Q4 25
$0.32
$0.03
Q3 25
$0.25
$-0.03
Q2 25
$0.26
$-3.35
Q1 25
$0.21
$0.15
Q4 24
$0.22
$0.01
Q3 24
$0.16
$0.04
Q2 24
$0.20
$0.15
Q1 24
$0.17
$0.20

Balance Sheet & Financial Strength

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

Metric
ELMD
ELMD
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$13.8M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$45.4M
$127.1M
Total Assets
$54.9M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELMD
ELMD
SLP
SLP
Q4 25
$13.8M
$35.7M
Q3 25
$14.1M
$32.4M
Q2 25
$15.3M
$28.4M
Q1 25
$15.2M
$21.4M
Q4 24
$16.2M
$18.2M
Q3 24
$13.9M
$20.3M
Q2 24
$16.1M
$119.0M
Q1 24
$11.7M
$108.5M
Stockholders' Equity
ELMD
ELMD
SLP
SLP
Q4 25
$45.4M
$127.1M
Q3 25
$44.7M
$124.8M
Q2 25
$43.2M
$123.8M
Q1 25
$43.9M
$189.5M
Q4 24
$43.6M
$184.7M
Q3 24
$41.5M
$182.4M
Q2 24
$44.5M
$180.9M
Q1 24
$42.5M
$177.0M
Total Assets
ELMD
ELMD
SLP
SLP
Q4 25
$54.9M
$137.8M
Q3 25
$53.6M
$131.9M
Q2 25
$53.8M
$134.4M
Q1 25
$52.5M
$201.4M
Q4 24
$52.3M
$196.9M
Q3 24
$48.9M
$196.6M
Q2 24
$52.2M
$192.7M
Q1 24
$48.9M
$194.0M

Cash Flow & Capital Efficiency

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

Metric
ELMD
ELMD
SLP
SLP
Operating Cash FlowLast quarter
$3.0M
$4.2M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
3.4%
0.0%
Cash ConversionOCF / Net Profit
1.10×
6.26×
TTM Free Cash FlowTrailing 4 quarters
$7.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELMD
ELMD
SLP
SLP
Q4 25
$3.0M
$4.2M
Q3 25
$169.0K
$5.6M
Q2 25
$3.9M
$8.1M
Q1 25
$2.1M
$5.7M
Q4 24
$3.2M
$-1.3M
Q3 24
$2.3M
$1.7M
Q2 24
$4.5M
$5.7M
Q1 24
$1.4M
$5.8M
Free Cash Flow
ELMD
ELMD
SLP
SLP
Q4 25
$2.4M
Q3 25
$-83.0K
$5.3M
Q2 25
$3.7M
$7.8M
Q1 25
$1.9M
$5.6M
Q4 24
$2.9M
$-1.4M
Q3 24
$2.3M
$1.6M
Q2 24
$4.5M
$5.6M
Q1 24
$1.3M
$5.4M
FCF Margin
ELMD
ELMD
SLP
SLP
Q4 25
12.7%
Q3 25
-0.5%
30.5%
Q2 25
21.4%
38.5%
Q1 25
12.2%
25.0%
Q4 24
18.0%
-7.2%
Q3 24
15.5%
8.8%
Q2 24
30.1%
30.0%
Q1 24
9.1%
29.4%
Capex Intensity
ELMD
ELMD
SLP
SLP
Q4 25
3.4%
0.0%
Q3 25
1.5%
1.5%
Q2 25
0.8%
1.5%
Q1 25
1.0%
0.3%
Q4 24
1.4%
0.5%
Q3 24
0.3%
0.1%
Q2 24
0.1%
0.6%
Q1 24
0.6%
2.4%
Cash Conversion
ELMD
ELMD
SLP
SLP
Q4 25
1.10×
6.26×
Q3 25
0.08×
Q2 25
1.75×
Q1 25
1.10×
1.84×
Q4 24
1.60×
-6.18×
Q3 24
1.57×
1.97×
Q2 24
2.46×
1.81×
Q1 24
0.90×
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELMD
ELMD

Homecare$17.3M91%
Other$1.6M9%

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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