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Side-by-side financial comparison of GREENPOWER MOTOR Co INC. (GP) and SANUWAVE Health, Inc. (SNWV). Click either name above to swap in a different company.

SANUWAVE Health, Inc. is the larger business by last-quarter revenue ($13.4M vs $7.2M, roughly 1.9× GREENPOWER MOTOR Co INC.). SANUWAVE Health, Inc. runs the higher net margin — 57.4% vs -65.6%, a 123.1% gap on every dollar of revenue. On growth, SANUWAVE Health, Inc. posted the faster year-over-year revenue change (30.3% vs -11.5%).

GreenPower Motor Company Inc. is a Canadian electric bus manufacturer and distributor in North America. The company fabricates multiple zero-emission models, including transit buses, school buses, and double decker buses. GreenPower headquarters are in Vancouver, British Columbia, with a sales office in Rancho Cucamonga, California; an assembly facility in Porterville, California; and a production facility in South Charleston, West Virginia. Its stock is traded on Nasdaq the United States.

SANUWAVE Health, Inc. is a medical technology company specializing in non-invasive regenerative care solutions. It develops and commercializes shock wave therapy systems for treating chronic wounds, diabetic foot ulcers, and orthopedic conditions, serving healthcare providers and patients across North America, Europe, and key Asia-Pacific markets.

GP vs SNWV — Head-to-Head

Bigger by revenue
SNWV
SNWV
1.9× larger
SNWV
$13.4M
$7.2M
GP
Growing faster (revenue YoY)
SNWV
SNWV
+41.8% gap
SNWV
30.3%
-11.5%
GP
Higher net margin
SNWV
SNWV
123.1% more per $
SNWV
57.4%
-65.6%
GP

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
GP
GP
SNWV
SNWV
Revenue
$7.2M
$13.4M
Net Profit
$-4.7M
$7.7M
Gross Margin
14.6%
74.7%
Operating Margin
15.0%
Net Margin
-65.6%
57.4%
Revenue YoY
-11.5%
30.3%
Net Profit YoY
-2.1%
157.8%
EPS (diluted)
$-0.17
$0.78

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
GP
GP
SNWV
SNWV
Q4 25
$13.4M
Q3 25
$11.4M
Q2 25
$10.1M
Q1 25
$9.3M
Q4 24
$7.2M
$10.3M
Q3 24
$5.3M
$9.3M
Q2 24
$3.0M
$7.1M
Q1 24
$5.7M
Net Profit
GP
GP
SNWV
SNWV
Q4 25
$7.7M
Q3 25
$9.7M
Q2 25
$551.0K
Q1 25
$-6.1M
Q4 24
$-4.7M
$-13.3M
Q3 24
$-4.7M
$-21.2M
Q2 24
$-5.4M
$6.2M
Q1 24
$-4.8M
Gross Margin
GP
GP
SNWV
SNWV
Q4 25
74.7%
Q3 25
76.6%
Q2 25
77.3%
Q1 25
79.4%
Q4 24
14.6%
78.2%
Q3 24
8.6%
76.1%
Q2 24
7.4%
74.0%
Q1 24
73.9%
Operating Margin
GP
GP
SNWV
SNWV
Q4 25
15.0%
Q3 25
7.9%
Q2 25
14.2%
Q1 25
6.5%
Q4 24
19.6%
Q3 24
16.0%
Q2 24
23.3%
Q1 24
-22.8%
Net Margin
GP
GP
SNWV
SNWV
Q4 25
57.4%
Q3 25
84.8%
Q2 25
5.4%
Q1 25
-65.8%
Q4 24
-65.6%
-129.5%
Q3 24
-87.9%
-227.8%
Q2 24
-179.8%
87.4%
Q1 24
-84.4%
EPS (diluted)
GP
GP
SNWV
SNWV
Q4 25
$0.78
Q3 25
$0.39
Q2 25
$-0.04
Q1 25
$-0.72
Q4 24
$-0.17
$-0.76
Q3 24
$-0.18
$-6.65
Q2 24
$-0.21
$0.00
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
GP
GP
SNWV
SNWV
Cash + ST InvestmentsLiquidity on hand
$621.1K
$12.0M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$2.1M
$1.6M
Total Assets
$37.4M
$37.3M
Debt / EquityLower = less leverage
13.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GP
GP
SNWV
SNWV
Q4 25
$12.0M
Q3 25
$9.6M
Q2 25
$8.5M
Q1 25
$8.5M
Q4 24
$621.1K
$10.2M
Q3 24
$116.9K
$3.3M
Q2 24
$528.3K
$2.5M
Q1 24
$2.9M
Total Debt
GP
GP
SNWV
SNWV
Q4 25
$21.9M
Q3 25
$23.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GP
GP
SNWV
SNWV
Q4 25
$1.6M
Q3 25
$-7.6M
Q2 25
$-18.8M
Q1 25
$-20.8M
Q4 24
$2.1M
$-15.8M
Q3 24
$4.2M
$-60.3M
Q2 24
$8.6M
$-39.6M
Q1 24
$-47.6M
Total Assets
GP
GP
SNWV
SNWV
Q4 25
$37.3M
Q3 25
$35.6M
Q2 25
$33.0M
Q1 25
$30.9M
Q4 24
$37.4M
$30.1M
Q3 24
$39.4M
$21.8M
Q2 24
$43.5M
$21.0M
Q1 24
$23.3M
Debt / Equity
GP
GP
SNWV
SNWV
Q4 25
13.52×
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
GP
GP
SNWV
SNWV
Operating Cash FlowLast quarter
$-1.1M
$3.3M
Free Cash FlowOCF − Capex
$3.2M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GP
GP
SNWV
SNWV
Q4 25
$3.3M
Q3 25
$1.1M
Q2 25
$993.0K
Q1 25
$-1.5M
Q4 24
$-1.1M
$741.0K
Q3 24
$-1.3M
$1.3M
Q2 24
$-3.2M
$-668.0K
Q1 24
$1.1M
Free Cash Flow
GP
GP
SNWV
SNWV
Q4 25
$3.2M
Q3 25
$556.0K
Q2 25
$-166.0K
Q1 25
$-1.7M
Q4 24
$505.0K
Q3 24
$1.2M
Q2 24
$-760.0K
Q1 24
$986.0K
FCF Margin
GP
GP
SNWV
SNWV
Q4 25
24.1%
Q3 25
4.9%
Q2 25
-1.6%
Q1 25
-18.1%
Q4 24
4.9%
Q3 24
13.3%
Q2 24
-10.7%
Q1 24
17.3%
Capex Intensity
GP
GP
SNWV
SNWV
Q4 25
0.7%
Q3 25
4.6%
Q2 25
11.4%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q1 24
2.0%
Cash Conversion
GP
GP
SNWV
SNWV
Q4 25
0.43×
Q3 25
0.11×
Q2 25
1.80×
Q1 25
Q4 24
Q3 24
Q2 24
-0.11×
Q1 24

Financial Flow Comparison

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

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