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Side-by-side financial comparison of Electromed, Inc. (ELMD) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Electromed, Inc. is the larger business by last-quarter revenue ($18.9M vs $18.6M, roughly 1.0× Zeo Energy Corp.). Electromed, Inc. runs the higher net margin — 14.6% vs -10.8%, a 25.4% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs -0.4%). Electromed, Inc. produced more free cash flow last quarter ($2.4M vs $2.3M). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs -4.0%).
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.
ELMD vs ZEO — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $18.9M | $18.6M |
| Net Profit | $2.8M | $-2.0M |
| Gross Margin | 78.4% | — |
| Operating Margin | 19.2% | -11.8% |
| Net Margin | 14.6% | -10.8% |
| Revenue YoY | 16.3% | -0.4% |
| Net Profit YoY | 40.3% | -360.9% |
| EPS (diluted) | $0.32 | — |
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 | $18.6M | ||
| Q3 25 | $16.9M | $23.9M | ||
| Q2 25 | $17.4M | $18.1M | ||
| Q1 25 | $15.7M | $8.8M | ||
| Q4 24 | $16.3M | $18.6M | ||
| Q3 24 | $14.7M | $19.7M | ||
| Q2 24 | $14.8M | $14.8M | ||
| Q1 24 | $13.9M | $20.1M |
| Q4 25 | $2.8M | $-2.0M | ||
| Q3 25 | $2.1M | $-3.2M | ||
| Q2 25 | $2.2M | $-2.4M | ||
| Q1 25 | $1.9M | $-6.4M | ||
| Q4 24 | $2.0M | $-435.3K | ||
| Q3 24 | $1.5M | $-424.3K | ||
| Q2 24 | $1.8M | $-277.8K | ||
| Q1 24 | $1.5M | $-1.5M |
| Q4 25 | 78.4% | — | ||
| Q3 25 | 78.1% | 57.9% | ||
| Q2 25 | 78.3% | 59.8% | ||
| Q1 25 | 78.0% | 99.3% | ||
| Q4 24 | 77.7% | — | ||
| Q3 24 | 78.3% | 50.2% | ||
| Q2 24 | 76.2% | 52.3% | ||
| Q1 24 | 74.8% | — |
| Q4 25 | 19.2% | -11.8% | ||
| Q3 25 | 15.8% | -8.3% | ||
| Q2 25 | 17.5% | -15.8% | ||
| Q1 25 | 13.6% | -153.8% | ||
| Q4 24 | 15.6% | -6.0% | ||
| Q3 24 | 13.2% | -15.2% | ||
| Q2 24 | 15.7% | -18.0% | ||
| Q1 24 | 13.3% | -20.1% |
| Q4 25 | 14.6% | -10.8% | ||
| Q3 25 | 12.6% | -13.5% | ||
| Q2 25 | 12.7% | -13.3% | ||
| Q1 25 | 12.1% | -72.4% | ||
| Q4 24 | 12.1% | -2.3% | ||
| Q3 24 | 10.0% | -2.2% | ||
| Q2 24 | 12.3% | -1.9% | ||
| Q1 24 | 10.8% | -7.6% |
| Q4 25 | $0.32 | — | ||
| Q3 25 | $0.25 | — | ||
| Q2 25 | $0.26 | — | ||
| Q1 25 | $0.21 | $-0.48 | ||
| Q4 24 | $0.22 | $1.11 | ||
| Q3 24 | $0.16 | $-0.08 | ||
| Q2 24 | $0.20 | $0.03 | ||
| Q1 24 | $0.17 | $-1.54 |
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 | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $45.4M | $5.3M |
| Total Assets | $54.9M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.8M | $6.1M | ||
| Q3 25 | $14.1M | $3.9M | ||
| Q2 25 | $15.3M | $68.7K | ||
| Q1 25 | $15.2M | $2.9M | ||
| Q4 24 | $16.2M | $5.6M | ||
| Q3 24 | $13.9M | $4.3M | ||
| Q2 24 | $16.1M | $5.3M | ||
| Q1 24 | $11.7M | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $45.4M | $5.3M | ||
| Q3 25 | $44.7M | $-1.7M | ||
| Q2 25 | $43.2M | $-59.4M | ||
| Q1 25 | $43.9M | $-23.1M | ||
| Q4 24 | $43.6M | $-88.9M | ||
| Q3 24 | $41.5M | $-39.3M | ||
| Q2 24 | $44.5M | $-53.0M | ||
| Q1 24 | $42.5M | $-173.0M |
| Q4 25 | $54.9M | $56.9M | ||
| Q3 25 | $53.6M | $58.5M | ||
| Q2 25 | $53.8M | $46.2M | ||
| Q1 25 | $52.5M | $47.4M | ||
| Q4 24 | $52.3M | $61.0M | ||
| Q3 24 | $48.9M | $47.1M | ||
| Q2 24 | $52.2M | $49.1M | ||
| Q1 24 | $48.9M | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $3.0M | $2.4M |
| Free Cash FlowOCF − Capex | $2.4M | $2.3M |
| FCF MarginFCF / Revenue | 12.7% | 12.2% |
| Capex IntensityCapex / Revenue | 3.4% | 0.9% |
| Cash ConversionOCF / Net Profit | 1.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.9M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $2.4M | ||
| Q3 25 | $169.0K | $-6.6M | ||
| Q2 25 | $3.9M | $-2.3M | ||
| Q1 25 | $2.1M | $-2.3M | ||
| Q4 24 | $3.2M | $3.5M | ||
| Q3 24 | $2.3M | $162.2K | ||
| Q2 24 | $4.5M | $-2.2M | ||
| Q1 24 | $1.4M | $-10.2M |
| Q4 25 | $2.4M | $2.3M | ||
| Q3 25 | $-83.0K | $-6.8M | ||
| Q2 25 | $3.7M | $-2.7M | ||
| Q1 25 | $1.9M | $-2.6M | ||
| Q4 24 | $2.9M | $3.4M | ||
| Q3 24 | $2.3M | $116.5K | ||
| Q2 24 | $4.5M | $-2.3M | ||
| Q1 24 | $1.3M | $-10.4M |
| Q4 25 | 12.7% | 12.2% | ||
| Q3 25 | -0.5% | -28.6% | ||
| Q2 25 | 21.4% | -15.0% | ||
| Q1 25 | 12.2% | -30.0% | ||
| Q4 24 | 18.0% | 18.2% | ||
| Q3 24 | 15.5% | 0.6% | ||
| Q2 24 | 30.1% | -15.6% | ||
| Q1 24 | 9.1% | -51.5% |
| Q4 25 | 3.4% | 0.9% | ||
| Q3 25 | 1.5% | 1.0% | ||
| Q2 25 | 0.8% | 2.4% | ||
| Q1 25 | 1.0% | 4.2% | ||
| Q4 24 | 1.4% | 0.5% | ||
| Q3 24 | 0.3% | 0.2% | ||
| Q2 24 | 0.1% | 0.7% | ||
| Q1 24 | 0.6% | 1.1% |
| Q4 25 | 1.10× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 1.10× | — | ||
| Q4 24 | 1.60× | — | ||
| Q3 24 | 1.57× | — | ||
| Q2 24 | 2.46× | — | ||
| Q1 24 | 0.90× | — |
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% |
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
