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Side-by-side financial comparison of Electromed, Inc. (ELMD) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $18.9M, roughly 1.8× Electromed, Inc.). Electromed, Inc. runs the higher net margin — 14.6% vs 8.7%, a 6.0% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs -0.1%). Spok Holdings, Inc produced more free cash flow last quarter ($10.1M vs $2.4M). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
ELMD vs SPOK — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $33.9M |
| Net Profit | $2.8M | $2.9M |
| Gross Margin | 78.4% | 76.7% |
| Operating Margin | 19.2% | 11.6% |
| Net Margin | 14.6% | 8.7% |
| Revenue YoY | 16.3% | -0.1% |
| Net Profit YoY | 40.3% | -19.6% |
| EPS (diluted) | $0.32 | $0.13 |
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 | $18.9M | $33.9M | ||
| Q3 25 | $16.9M | $33.9M | ||
| Q2 25 | $17.4M | $35.7M | ||
| Q1 25 | $15.7M | $36.3M | ||
| Q4 24 | $16.3M | $33.9M | ||
| Q3 24 | $14.7M | $34.9M | ||
| Q2 24 | $14.8M | $34.0M | ||
| Q1 24 | $13.9M | $34.9M |
| Q4 25 | $2.8M | $2.9M | ||
| Q3 25 | $2.1M | $3.2M | ||
| Q2 25 | $2.2M | $4.6M | ||
| Q1 25 | $1.9M | $5.2M | ||
| Q4 24 | $2.0M | $3.6M | ||
| Q3 24 | $1.5M | $3.7M | ||
| Q2 24 | $1.8M | $3.4M | ||
| Q1 24 | $1.5M | $4.2M |
| Q4 25 | 78.4% | 76.7% | ||
| Q3 25 | 78.1% | 78.3% | ||
| Q2 25 | 78.3% | 79.5% | ||
| Q1 25 | 78.0% | 80.1% | ||
| Q4 24 | 77.7% | 78.5% | ||
| Q3 24 | 78.3% | 79.5% | ||
| Q2 24 | 76.2% | 78.9% | ||
| Q1 24 | 74.8% | 79.5% |
| Q4 25 | 19.2% | 11.6% | ||
| Q3 25 | 15.8% | 12.9% | ||
| Q2 25 | 17.5% | 15.1% | ||
| Q1 25 | 13.6% | 16.6% | ||
| Q4 24 | 15.6% | 13.7% | ||
| Q3 24 | 13.2% | 14.2% | ||
| Q2 24 | 15.7% | 13.2% | ||
| Q1 24 | 13.3% | 14.0% |
| Q4 25 | 14.6% | 8.7% | ||
| Q3 25 | 12.6% | 9.5% | ||
| Q2 25 | 12.7% | 12.8% | ||
| Q1 25 | 12.1% | 14.3% | ||
| Q4 24 | 12.1% | 10.8% | ||
| Q3 24 | 10.0% | 10.5% | ||
| Q2 24 | 12.3% | 10.1% | ||
| Q1 24 | 10.8% | 12.1% |
| Q4 25 | $0.32 | $0.13 | ||
| Q3 25 | $0.25 | $0.15 | ||
| Q2 25 | $0.26 | $0.22 | ||
| Q1 25 | $0.21 | $0.25 | ||
| Q4 24 | $0.22 | $0.17 | ||
| Q3 24 | $0.16 | $0.18 | ||
| Q2 24 | $0.20 | $0.17 | ||
| Q1 24 | $0.17 | $0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.8M | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $45.4M | $146.4M |
| Total Assets | $54.9M | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.8M | $25.3M | ||
| Q3 25 | $14.1M | $21.4M | ||
| Q2 25 | $15.3M | $20.2M | ||
| Q1 25 | $15.2M | $19.9M | ||
| Q4 24 | $16.2M | $29.1M | ||
| Q3 24 | $13.9M | $27.8M | ||
| Q2 24 | $16.1M | $23.9M | ||
| Q1 24 | $11.7M | $23.3M |
| Q4 25 | $45.4M | $146.4M | ||
| Q3 25 | $44.7M | $148.7M | ||
| Q2 25 | $43.2M | $150.9M | ||
| Q1 25 | $43.9M | $151.7M | ||
| Q4 24 | $43.6M | $154.7M | ||
| Q3 24 | $41.5M | $156.3M | ||
| Q2 24 | $44.5M | $158.2M | ||
| Q1 24 | $42.5M | $160.2M |
| Q4 25 | $54.9M | $206.1M | ||
| Q3 25 | $53.6M | $209.7M | ||
| Q2 25 | $53.8M | $208.7M | ||
| Q1 25 | $52.5M | $204.5M | ||
| Q4 24 | $52.3M | $217.1M | ||
| Q3 24 | $48.9M | $216.8M | ||
| Q2 24 | $52.2M | $216.4M | ||
| Q1 24 | $48.9M | $215.0M |
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 | $3.0M | $11.5M |
| Free Cash FlowOCF − Capex | $2.4M | $10.1M |
| FCF MarginFCF / Revenue | 12.7% | 29.9% |
| Capex IntensityCapex / Revenue | 3.4% | 4.1% |
| Cash ConversionOCF / Net Profit | 1.10× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $7.9M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $11.5M | ||
| Q3 25 | $169.0K | $8.1M | ||
| Q2 25 | $3.9M | $7.0M | ||
| Q1 25 | $2.1M | $2.3M | ||
| Q4 24 | $3.2M | $8.4M | ||
| Q3 24 | $2.3M | $11.1M | ||
| Q2 24 | $4.5M | $7.4M | ||
| Q1 24 | $1.4M | $2.0M |
| Q4 25 | $2.4M | $10.1M | ||
| Q3 25 | $-83.0K | $7.6M | ||
| Q2 25 | $3.7M | $6.0M | ||
| Q1 25 | $1.9M | $1.5M | ||
| Q4 24 | $2.9M | $7.5M | ||
| Q3 24 | $2.3M | $10.3M | ||
| Q2 24 | $4.5M | $6.8M | ||
| Q1 24 | $1.3M | $1.1M |
| Q4 25 | 12.7% | 29.9% | ||
| Q3 25 | -0.5% | 22.4% | ||
| Q2 25 | 21.4% | 16.8% | ||
| Q1 25 | 12.2% | 4.2% | ||
| Q4 24 | 18.0% | 22.3% | ||
| Q3 24 | 15.5% | 29.4% | ||
| Q2 24 | 30.1% | 20.0% | ||
| Q1 24 | 9.1% | 3.2% |
| Q4 25 | 3.4% | 4.1% | ||
| Q3 25 | 1.5% | 1.6% | ||
| Q2 25 | 0.8% | 2.9% | ||
| Q1 25 | 1.0% | 2.1% | ||
| Q4 24 | 1.4% | 2.5% | ||
| Q3 24 | 0.3% | 2.4% | ||
| Q2 24 | 0.1% | 1.9% | ||
| Q1 24 | 0.6% | 2.5% |
| Q4 25 | 1.10× | 3.93× | ||
| Q3 25 | 0.08× | 2.54× | ||
| Q2 25 | 1.75× | 1.55× | ||
| Q1 25 | 1.10× | 0.43× | ||
| Q4 24 | 1.60× | 2.31× | ||
| Q3 24 | 1.57× | 3.03× | ||
| Q2 24 | 2.46× | 2.17× | ||
| Q1 24 | 0.90× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ELMD
| Homecare | $17.3M | 91% |
| Other | $1.6M | 9% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
