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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and iRhythm Holdings, Inc. (IRTC). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $128.3M, roughly 1.6× Granite Ridge Resources, Inc.). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -36.7%, a 39.3% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 4.3%). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 18.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
GRNT vs IRTC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $128.3M | $208.9M |
| Net Profit | $-47.0M | $5.6M |
| Gross Margin | — | 70.9% |
| Operating Margin | — | 1.1% |
| Net Margin | -36.7% | 2.7% |
| Revenue YoY | 4.3% | 27.1% |
| Net Profit YoY | — | 518.5% |
| EPS (diluted) | $-0.36 | $0.18 |
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.
| Q1 26 | $128.3M | — | ||
| Q4 25 | $105.5M | $208.9M | ||
| Q3 25 | $112.7M | $192.9M | ||
| Q2 25 | $109.2M | $186.7M | ||
| Q1 25 | $122.9M | $158.7M | ||
| Q4 24 | $106.3M | $164.3M | ||
| Q3 24 | $94.1M | $147.5M | ||
| Q2 24 | $90.7M | $148.0M |
| Q1 26 | $-47.0M | — | ||
| Q4 25 | — | $5.6M | ||
| Q3 25 | $14.5M | $-5.2M | ||
| Q2 25 | $25.1M | $-14.2M | ||
| Q1 25 | $9.8M | $-30.7M | ||
| Q4 24 | — | $-1.3M | ||
| Q3 24 | $9.1M | $-46.2M | ||
| Q2 24 | $5.1M | $-20.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 70.9% | ||
| Q3 25 | — | 71.1% | ||
| Q2 25 | — | 71.2% | ||
| Q1 25 | — | 68.8% | ||
| Q4 24 | — | 70.0% | ||
| Q3 24 | — | 68.8% | ||
| Q2 24 | — | 69.9% |
| Q1 26 | — | — | ||
| Q4 25 | -34.5% | 1.1% | ||
| Q3 25 | 17.4% | -4.4% | ||
| Q2 25 | 19.0% | -10.0% | ||
| Q1 25 | 34.6% | -20.5% | ||
| Q4 24 | -6.5% | -2.5% | ||
| Q3 24 | 26.2% | -34.1% | ||
| Q2 24 | 24.1% | -15.5% |
| Q1 26 | -36.7% | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | 12.9% | -2.7% | ||
| Q2 25 | 23.0% | -7.6% | ||
| Q1 25 | 8.0% | -19.3% | ||
| Q4 24 | — | -0.8% | ||
| Q3 24 | 9.6% | -31.3% | ||
| Q2 24 | 5.6% | -13.6% |
| Q1 26 | $-0.36 | — | ||
| Q4 25 | $-0.19 | $0.18 | ||
| Q3 25 | $0.11 | $-0.16 | ||
| Q2 25 | $0.19 | $-0.44 | ||
| Q1 25 | $0.07 | $-0.97 | ||
| Q4 24 | $-0.09 | $-0.03 | ||
| Q3 24 | $0.07 | $-1.48 | ||
| Q2 24 | $0.04 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $583.8M |
| Total DebtLower is stronger | $26.3M | — |
| Stockholders' EquityBook value | $545.6M | $152.7M |
| Total Assets | $1.2B | $1.0B |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $583.8M | ||
| Q3 25 | — | $565.2M | ||
| Q2 25 | — | $545.5M | ||
| Q1 25 | — | $520.6M | ||
| Q4 24 | — | $535.6M | ||
| Q3 24 | — | $522.0M | ||
| Q2 24 | — | $561.5M |
| Q1 26 | $26.3M | — | ||
| Q4 25 | $367.8M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $205.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $545.6M | — | ||
| Q4 25 | $605.8M | $152.7M | ||
| Q3 25 | $643.9M | $121.9M | ||
| Q2 25 | $642.5M | $103.7M | ||
| Q1 25 | $631.4M | $86.7M | ||
| Q4 24 | $635.4M | $90.9M | ||
| Q3 24 | $660.6M | $71.8M | ||
| Q2 24 | $665.3M | $99.2M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $1.0B | ||
| Q3 25 | $1.1B | $995.2M | ||
| Q2 25 | $1.1B | $964.0M | ||
| Q1 25 | $1.1B | $926.1M | ||
| Q4 24 | $1.0B | $931.4M | ||
| Q3 24 | $1.0B | $909.7M | ||
| Q2 24 | $990.5M | $919.2M |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $58.3M | $26.2M |
| Free Cash FlowOCF − Capex | — | $14.5M |
| FCF MarginFCF / Revenue | — | 6.9% |
| Capex IntensityCapex / Revenue | 47.1% | 5.6% |
| Cash ConversionOCF / Net Profit | — | 4.70× |
| TTM Free Cash FlowTrailing 4 quarters | — | $34.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $58.3M | — | ||
| Q4 25 | $64.5M | $26.2M | ||
| Q3 25 | $77.8M | $34.9M | ||
| Q2 25 | $78.0M | $27.7M | ||
| Q1 25 | $76.1M | $-7.9M | ||
| Q4 24 | $68.2M | $19.2M | ||
| Q3 24 | $74.7M | $24.3M | ||
| Q2 24 | $64.2M | $11.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $14.5M | ||
| Q3 25 | — | $20.1M | ||
| Q2 25 | — | $17.3M | ||
| Q1 25 | — | $-17.3M | ||
| Q4 24 | — | $12.4M | ||
| Q3 24 | — | $15.5M | ||
| Q2 24 | — | $3.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 6.9% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | -10.9% | ||
| Q4 24 | — | 7.5% | ||
| Q3 24 | — | 10.5% | ||
| Q2 24 | — | 2.3% |
| Q1 26 | 47.1% | — | ||
| Q4 25 | — | 5.6% | ||
| Q3 25 | — | 7.7% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 5.9% | ||
| Q4 24 | — | 4.2% | ||
| Q3 24 | — | 6.0% | ||
| Q2 24 | — | 5.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.70× | ||
| Q3 25 | 5.36× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil sales | $103.4M | 81% |
| Natural gas and related product sales | $24.8M | 19% |
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
