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Side-by-side financial comparison of HAEMONETICS CORP (HAE) and Ralliant Corp (RAL). Click either name above to swap in a different company.
Ralliant Corp is the larger business by last-quarter revenue ($529.1M vs $339.0M, roughly 1.6× HAEMONETICS CORP). HAEMONETICS CORP runs the higher net margin — 13.2% vs 7.5%, a 5.7% gap on every dollar of revenue. On growth, Ralliant Corp posted the faster year-over-year revenue change (-0.5% vs -2.7%). Ralliant Corp produced more free cash flow last quarter ($126.6M vs $87.2M).
Haemonetics Corporation is a global provider of blood and plasma supplies and services. The company was founded in Natick, Massachusetts by Dr. Allen (Jack) Latham in the 1970s.
HAE vs RAL — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $339.0M | $529.1M |
| Net Profit | $44.7M | $39.9M |
| Gross Margin | 59.7% | 50.8% |
| Operating Margin | 19.9% | 9.8% |
| Net Margin | 13.2% | 7.5% |
| Revenue YoY | -2.7% | -0.5% |
| Net Profit YoY | 19.3% | -56.1% |
| EPS (diluted) | $0.95 | $0.35 |
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 | $339.0M | — | ||
| Q3 25 | $327.3M | $529.1M | ||
| Q2 25 | $321.4M | $503.3M | ||
| Q1 25 | $330.6M | — | ||
| Q4 24 | $348.5M | — | ||
| Q3 24 | $345.5M | $531.7M | ||
| Q2 24 | $336.2M | $533.7M | ||
| Q4 23 | $336.3M | — |
| Q4 25 | $44.7M | — | ||
| Q3 25 | $38.7M | $39.9M | ||
| Q2 25 | $34.0M | $47.6M | ||
| Q1 25 | $58.0M | — | ||
| Q4 24 | $37.5M | — | ||
| Q3 24 | $33.8M | $90.9M | ||
| Q2 24 | $38.4M | $64.8M | ||
| Q4 23 | $31.2M | — |
| Q4 25 | 59.7% | — | ||
| Q3 25 | 59.5% | 50.8% | ||
| Q2 25 | 59.8% | 49.3% | ||
| Q1 25 | 58.4% | — | ||
| Q4 24 | 55.5% | — | ||
| Q3 24 | 54.2% | 52.6% | ||
| Q2 24 | 52.0% | 51.5% | ||
| Q4 23 | 52.9% | — |
| Q4 25 | 19.9% | — | ||
| Q3 25 | 17.9% | 9.8% | ||
| Q2 25 | 16.8% | 11.7% | ||
| Q1 25 | 21.6% | — | ||
| Q4 24 | 16.9% | — | ||
| Q3 24 | 15.0% | 20.9% | ||
| Q2 24 | 11.8% | 19.7% | ||
| Q4 23 | 13.7% | — |
| Q4 25 | 13.2% | — | ||
| Q3 25 | 11.8% | 7.5% | ||
| Q2 25 | 10.6% | 9.5% | ||
| Q1 25 | 17.5% | — | ||
| Q4 24 | 10.8% | — | ||
| Q3 24 | 9.8% | 17.1% | ||
| Q2 24 | 11.4% | 12.1% | ||
| Q4 23 | 9.3% | — |
| Q4 25 | $0.95 | — | ||
| Q3 25 | $0.81 | $0.35 | ||
| Q2 25 | $0.70 | $0.42 | ||
| Q1 25 | $1.17 | — | ||
| Q4 24 | $0.74 | — | ||
| Q3 24 | $0.66 | $0.81 | ||
| Q2 24 | $0.74 | $0.57 | ||
| Q4 23 | $0.61 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $363.4M | $264.2M |
| Total DebtLower is stronger | $1.2B | $1.1B |
| Stockholders' EquityBook value | $911.5M | $3.0B |
| Total Assets | $2.5B | $5.3B |
| Debt / EquityLower = less leverage | 1.34× | 0.39× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $363.4M | — | ||
| Q3 25 | $296.4M | $264.2M | ||
| Q2 25 | $292.9M | $198.6M | ||
| Q1 25 | $306.8M | — | ||
| Q4 24 | $320.8M | — | ||
| Q3 24 | $299.3M | — | ||
| Q2 24 | $344.4M | — | ||
| Q4 23 | $194.0M | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | $911.5M | — | ||
| Q3 25 | $849.2M | $3.0B | ||
| Q2 25 | $882.3M | $3.0B | ||
| Q1 25 | $820.8M | — | ||
| Q4 24 | $906.9M | — | ||
| Q3 24 | $878.9M | $4.0B | ||
| Q2 24 | $905.4M | $4.0B | ||
| Q4 23 | $943.3M | — |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.4B | $5.3B | ||
| Q2 25 | $2.5B | $5.2B | ||
| Q1 25 | $2.5B | — | ||
| Q4 24 | $2.5B | — | ||
| Q3 24 | $2.5B | — | ||
| Q2 24 | $2.5B | — | ||
| Q4 23 | $2.2B | — |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 1.44× | 0.39× | ||
| Q2 25 | 1.39× | 0.38× | ||
| Q1 25 | 1.49× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q4 23 | — | — |
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 | $93.6M | $138.6M |
| Free Cash FlowOCF − Capex | $87.2M | $126.6M |
| FCF MarginFCF / Revenue | 25.7% | 23.9% |
| Capex IntensityCapex / Revenue | 1.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 2.09× | 3.47× |
| TTM Free Cash FlowTrailing 4 quarters | $308.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.6M | — | ||
| Q3 25 | $111.3M | $138.6M | ||
| Q2 25 | $17.4M | — | ||
| Q1 25 | $116.6M | — | ||
| Q4 24 | $43.8M | — | ||
| Q3 24 | $48.8M | — | ||
| Q2 24 | $-27.4M | — | ||
| Q4 23 | $-540.0K | — |
| Q4 25 | $87.2M | — | ||
| Q3 25 | $106.3M | $126.6M | ||
| Q2 25 | $13.6M | — | ||
| Q1 25 | $100.9M | — | ||
| Q4 24 | $35.2M | — | ||
| Q3 24 | $39.4M | — | ||
| Q2 24 | $-33.1M | — | ||
| Q4 23 | $-15.2M | — |
| Q4 25 | 25.7% | — | ||
| Q3 25 | 32.5% | 23.9% | ||
| Q2 25 | 4.2% | — | ||
| Q1 25 | 30.5% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 11.4% | — | ||
| Q2 24 | -9.8% | — | ||
| Q4 23 | -4.5% | — |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.5% | 2.3% | ||
| Q2 25 | 1.2% | — | ||
| Q1 25 | 4.7% | — | ||
| Q4 24 | 2.5% | — | ||
| Q3 24 | 2.7% | — | ||
| Q2 24 | 1.7% | — | ||
| Q4 23 | 4.4% | — |
| Q4 25 | 2.09× | — | ||
| Q3 25 | 2.88× | 3.47× | ||
| Q2 25 | 0.51× | — | ||
| Q1 25 | 2.01× | — | ||
| Q4 24 | 1.17× | — | ||
| Q3 24 | 1.44× | — | ||
| Q2 24 | -0.71× | — | ||
| Q4 23 | -0.02× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HAE
| Hospital | $143.5M | 42% |
| Plasma Productsand Services | $138.9M | 41% |
| Blood Center Productsand Services | $56.6M | 17% |
RAL
| Industrial Manufacturing | $111.1M | 21% |
| Defense And Space | $93.6M | 18% |
| Diversified Electronics | $91.0M | 17% |
| Test And Measurement | $76.8M | 15% |
| Communications | $60.7M | 11% |
| Semiconductors | $51.4M | 10% |
| Other Direct End Markets | $44.4M | 8% |
