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

Embecta Corp. is the larger business by last-quarter revenue ($261.2M vs $167.7M, roughly 1.6× Thryv Holdings, Inc.). Embecta Corp. runs the higher net margin — 16.9% vs 2.7%, a 14.2% gap on every dollar of revenue. On growth, Embecta Corp. posted the faster year-over-year revenue change (-0.3% vs -7.5%). Embecta Corp. produced more free cash flow last quarter ($16.6M vs $-5.5M). Over the past eight quarters, Embecta Corp.'s revenue compounded faster (-4.6% CAGR vs -13.5%).

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.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

EMBC vs THRY — Head-to-Head

Bigger by revenue
EMBC
EMBC
1.6× larger
EMBC
$261.2M
$167.7M
THRY
Growing faster (revenue YoY)
EMBC
EMBC
+7.3% gap
EMBC
-0.3%
-7.5%
THRY
Higher net margin
EMBC
EMBC
14.2% more per $
EMBC
16.9%
2.7%
THRY
More free cash flow
EMBC
EMBC
$22.1M more FCF
EMBC
$16.6M
$-5.5M
THRY
Faster 2-yr revenue CAGR
EMBC
EMBC
Annualised
EMBC
-4.6%
-13.5%
THRY

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EMBC
EMBC
THRY
THRY
Revenue
$261.2M
$167.7M
Net Profit
$44.1M
$4.5M
Gross Margin
61.9%
65.2%
Operating Margin
31.9%
37.3%
Net Margin
16.9%
2.7%
Revenue YoY
-0.3%
-7.5%
Net Profit YoY
147.2%
EPS (diluted)
$0.74
$0.10

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
EMBC
EMBC
THRY
THRY
Q1 26
$167.7M
Q4 25
$261.2M
$191.6M
Q3 25
$264.0M
$201.6M
Q2 25
$295.5M
$210.5M
Q1 25
$259.0M
$181.4M
Q4 24
$261.9M
$186.6M
Q3 24
$286.1M
$179.9M
Q2 24
$272.5M
$224.1M
Net Profit
EMBC
EMBC
THRY
THRY
Q1 26
$4.5M
Q4 25
$44.1M
$-9.7M
Q3 25
$26.4M
$5.7M
Q2 25
$45.5M
$13.9M
Q1 25
$23.5M
$-9.6M
Q4 24
$0
$7.9M
Q3 24
$14.6M
$-96.1M
Q2 24
$14.7M
$5.5M
Gross Margin
EMBC
EMBC
THRY
THRY
Q1 26
65.2%
Q4 25
61.9%
68.0%
Q3 25
60.0%
67.7%
Q2 25
66.7%
69.7%
Q1 25
63.4%
65.8%
Q4 24
60.0%
65.9%
Q3 24
60.7%
62.3%
Q2 24
69.8%
66.3%
Operating Margin
EMBC
EMBC
THRY
THRY
Q1 26
37.3%
Q4 25
31.9%
5.3%
Q3 25
21.4%
9.9%
Q2 25
31.8%
14.0%
Q1 25
24.3%
-1.7%
Q4 24
11.0%
-3.9%
Q3 24
9.2%
-49.2%
Q2 24
20.5%
14.0%
Net Margin
EMBC
EMBC
THRY
THRY
Q1 26
2.7%
Q4 25
16.9%
-5.0%
Q3 25
10.0%
2.8%
Q2 25
15.4%
6.6%
Q1 25
9.1%
-5.3%
Q4 24
4.2%
Q3 24
5.1%
-53.4%
Q2 24
5.4%
2.5%
EPS (diluted)
EMBC
EMBC
THRY
THRY
Q1 26
$0.10
Q4 25
$0.74
$-0.21
Q3 25
$0.44
$0.13
Q2 25
$0.78
$0.31
Q1 25
$0.40
$-0.22
Q4 24
$0.00
$0.28
Q3 24
$0.24
$-2.65
Q2 24
$0.25
$0.15

Balance Sheet & Financial Strength

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

Metric
EMBC
EMBC
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$201.3M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-613.1M
$225.4M
Total Assets
$1.1B
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EMBC
EMBC
THRY
THRY
Q1 26
$8.0M
Q4 25
$201.3M
$10.8M
Q3 25
$225.5M
$11.6M
Q2 25
$230.6M
$10.8M
Q1 25
$209.3M
$11.0M
Q4 24
$210.0M
$16.3M
Q3 24
$267.5M
$12.5M
Q2 24
$275.1M
$15.5M
Total Debt
EMBC
EMBC
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$1.4B
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$1.6B
$307.8M
Q2 24
$342.1M
Stockholders' Equity
EMBC
EMBC
THRY
THRY
Q1 26
$225.4M
Q4 25
$-613.1M
$218.1M
Q3 25
$-650.6M
$221.1M
Q2 25
$-669.6M
$214.9M
Q1 25
$-736.2M
$193.2M
Q4 24
$-768.8M
$196.9M
Q3 24
$-738.3M
$94.5M
Q2 24
$-763.7M
$183.1M
Total Assets
EMBC
EMBC
THRY
THRY
Q1 26
$693.7M
Q4 25
$1.1B
$688.6M
Q3 25
$1.1B
$701.8M
Q2 25
$1.2B
$687.7M
Q1 25
$1.1B
$703.7M
Q4 24
$1.1B
$712.2M
Q3 24
$1.3B
$654.8M
Q2 24
$1.3B
$785.5M
Debt / Equity
EMBC
EMBC
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

Cash Flow & Capital Efficiency

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

Metric
EMBC
EMBC
THRY
THRY
Operating Cash FlowLast quarter
$17.2M
Free Cash FlowOCF − Capex
$16.6M
$-5.5M
FCF MarginFCF / Revenue
6.4%
-3.3%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$205.8M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EMBC
EMBC
THRY
THRY
Q1 26
Q4 25
$17.2M
$22.2M
Q3 25
$84.0M
$22.2M
Q2 25
$81.2M
$29.6M
Q1 25
$31.8M
$-10.5M
Q4 24
$-5.3M
$26.1M
Q3 24
$26.6M
$36.0M
Q2 24
$-2.1M
$22.2M
Free Cash Flow
EMBC
EMBC
THRY
THRY
Q1 26
$-5.5M
Q4 25
$16.6M
$12.3M
Q3 25
$76.7M
$14.6M
Q2 25
$80.8M
$21.8M
Q1 25
$31.7M
$-17.6M
Q4 24
$-6.8M
$17.3M
Q3 24
$27.5M
Q2 24
$-11.8M
$13.3M
FCF Margin
EMBC
EMBC
THRY
THRY
Q1 26
-3.3%
Q4 25
6.4%
6.4%
Q3 25
29.1%
7.2%
Q2 25
27.3%
10.4%
Q1 25
12.2%
-9.7%
Q4 24
-2.6%
9.3%
Q3 24
15.3%
Q2 24
-4.3%
5.9%
Capex Intensity
EMBC
EMBC
THRY
THRY
Q1 26
Q4 25
0.2%
5.2%
Q3 25
2.8%
3.8%
Q2 25
0.1%
3.7%
Q1 25
0.0%
3.9%
Q4 24
0.6%
4.7%
Q3 24
0.0%
4.7%
Q2 24
3.6%
4.0%
Cash Conversion
EMBC
EMBC
THRY
THRY
Q1 26
Q4 25
0.39×
Q3 25
3.18×
3.93×
Q2 25
1.78×
2.12×
Q1 25
1.35×
Q4 24
3.32×
Q3 24
1.82×
Q2 24
-0.14×
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EMBC
EMBC

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

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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