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Side-by-side financial comparison of First Foundation Inc. (FFWM) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.

HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $48.4M, roughly 1.6× First Foundation Inc.). On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 7.4%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-35.2M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

FFWM vs HSTM — Head-to-Head

Bigger by revenue
HSTM
HSTM
1.6× larger
HSTM
$79.7M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+414.3% gap
FFWM
421.7%
7.4%
HSTM
More free cash flow
HSTM
HSTM
$48.2M more FCF
HSTM
$13.0M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
HSTM
HSTM
Annualised
HSTM
4.7%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
HSTM
HSTM
Revenue
$48.4M
$79.7M
Net Profit
$-8.0M
Gross Margin
Operating Margin
-97.5%
3.0%
Net Margin
-97.9%
Revenue YoY
421.7%
7.4%
Net Profit YoY
43.0%
EPS (diluted)
$-0.09
$0.09

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
FFWM
FFWM
HSTM
HSTM
Q4 25
$48.4M
$79.7M
Q3 25
$63.6M
$76.5M
Q2 25
$51.4M
$74.4M
Q1 25
$71.4M
$73.5M
Q4 24
$9.3M
$74.2M
Q3 24
$9.2M
$73.1M
Q2 24
$57.5M
$71.6M
Q1 24
$51.1M
$72.8M
Net Profit
FFWM
FFWM
HSTM
HSTM
Q4 25
$-8.0M
Q3 25
$-146.3M
$6.1M
Q2 25
$-7.7M
$5.4M
Q1 25
$6.9M
$4.3M
Q4 24
$-14.1M
Q3 24
$-82.2M
$5.7M
Q2 24
$3.1M
$4.2M
Q1 24
$793.0K
$5.2M
Operating Margin
FFWM
FFWM
HSTM
HSTM
Q4 25
-97.5%
3.0%
Q3 25
-92.7%
9.9%
Q2 25
-21.1%
7.9%
Q1 25
8.8%
6.0%
Q4 24
-247.7%
6.3%
Q3 24
-1276.7%
8.9%
Q2 24
4.6%
6.2%
Q1 24
-0.2%
7.8%
Net Margin
FFWM
FFWM
HSTM
HSTM
Q4 25
-97.9%
Q3 25
-230.1%
8.0%
Q2 25
-15.0%
7.2%
Q1 25
9.7%
5.9%
Q4 24
-152.2%
Q3 24
-896.9%
7.8%
Q2 24
5.4%
5.8%
Q1 24
1.6%
7.2%
EPS (diluted)
FFWM
FFWM
HSTM
HSTM
Q4 25
$-0.09
$0.09
Q3 25
$-1.78
$0.20
Q2 25
$-0.09
$0.18
Q1 25
$0.08
$0.14
Q4 24
$-0.24
$0.16
Q3 24
$-1.23
$0.19
Q2 24
$0.05
$0.14
Q1 24
$0.01
$0.17

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
HSTM
HSTM
Cash + ST InvestmentsLiquidity on hand
$1.6B
$36.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$354.0M
Total Assets
$11.9B
$520.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
HSTM
HSTM
Q4 25
$1.6B
$36.2M
Q3 25
$1.7B
$53.5M
Q2 25
$1.1B
$52.1M
Q1 25
$1.0B
$77.3M
Q4 24
$1.0B
$59.5M
Q3 24
$1.1B
$57.5M
Q2 24
$1.4B
$46.1M
Q1 24
$1.6B
$52.4M
Stockholders' Equity
FFWM
FFWM
HSTM
HSTM
Q4 25
$912.6M
$354.0M
Q3 25
$917.9M
$349.2M
Q2 25
$1.1B
$350.6M
Q1 25
$1.1B
$362.8M
Q4 24
$1.1B
$359.4M
Q3 24
$1.1B
$355.5M
Q2 24
$933.2M
$349.2M
Q1 24
$928.7M
$344.9M
Total Assets
FFWM
FFWM
HSTM
HSTM
Q4 25
$11.9B
$520.4M
Q3 25
$11.9B
$499.9M
Q2 25
$11.6B
$500.1M
Q1 25
$12.6B
$524.0M
Q4 24
$12.6B
$510.8M
Q3 24
$13.4B
$502.8M
Q2 24
$13.7B
$499.6M
Q1 24
$13.6B
$511.6M

Cash Flow & Capital Efficiency

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

Metric
FFWM
FFWM
HSTM
HSTM
Operating Cash FlowLast quarter
$-31.9M
$13.2M
Free Cash FlowOCF − Capex
$-35.2M
$13.0M
FCF MarginFCF / Revenue
-72.8%
16.3%
Capex IntensityCapex / Revenue
6.9%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
HSTM
HSTM
Q4 25
$-31.9M
$13.2M
Q3 25
$9.2M
$18.0M
Q2 25
$-16.3M
$5.0M
Q1 25
$-552.0K
$27.1M
Q4 24
$-8.7M
$11.2M
Q3 24
$14.2M
$19.1M
Q2 24
$-9.1M
$6.5M
Q1 24
$7.2M
$20.9M
Free Cash Flow
FFWM
FFWM
HSTM
HSTM
Q4 25
$-35.2M
$13.0M
Q3 25
$8.6M
$17.9M
Q2 25
$-16.7M
$2.7M
Q1 25
$-2.5M
$26.0M
Q4 24
$-11.4M
$11.0M
Q3 24
$13.4M
$18.8M
Q2 24
$-9.4M
$6.3M
Q1 24
$5.9M
$20.2M
FCF Margin
FFWM
FFWM
HSTM
HSTM
Q4 25
-72.8%
16.3%
Q3 25
13.5%
23.4%
Q2 25
-32.4%
3.6%
Q1 25
-3.5%
35.4%
Q4 24
-123.5%
14.8%
Q3 24
146.2%
25.8%
Q2 24
-16.3%
8.8%
Q1 24
11.6%
27.8%
Capex Intensity
FFWM
FFWM
HSTM
HSTM
Q4 25
6.9%
0.3%
Q3 25
1.0%
0.1%
Q2 25
0.8%
3.1%
Q1 25
2.8%
1.4%
Q4 24
29.4%
0.3%
Q3 24
9.0%
0.4%
Q2 24
0.4%
0.2%
Q1 24
2.5%
1.0%
Cash Conversion
FFWM
FFWM
HSTM
HSTM
Q4 25
Q3 25
2.96×
Q2 25
0.93×
Q1 25
-0.08×
6.25×
Q4 24
Q3 24
3.34×
Q2 24
-2.96×
1.55×
Q1 24
9.09×
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

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