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Side-by-side financial comparison of Health Catalyst, Inc. (HCAT) and KNOT Offshore Partners LP (KNOP). Click either name above to swap in a different company.

KNOT Offshore Partners LP is the larger business by last-quarter revenue ($87.1M vs $74.7M, roughly 1.2× Health Catalyst, Inc.). KNOT Offshore Partners LP runs the higher net margin — 7.8% vs -121.9%, a 129.7% gap on every dollar of revenue. On growth, KNOT Offshore Partners LP posted the faster year-over-year revenue change (17.0% vs -6.2%).

Catalyst Pharmaceuticals, Inc. is a biopharmaceutical company based in Coral Gables, Florida, United States. The company develops medicines for rare diseases, including the phosphate salt of amifampridine for the treatment of Lambert–Eaton myasthenic syndrome (LEMS). The drug is referred to under the trade name Firdapse, which was approved by the FDA for approved use in children 6 years and older with LEMS in addition to the prior approval for use in adults with LEMS on November 28, 2018. Fir...

KNOT Offshore Partners LP is a publicly traded master limited partnership focused on owning, operating and chartering purpose-built shuttle tankers. It serves offshore oil and gas production operators across key markets including the North Sea, Brazil and West Africa, supporting marine logistics for offshore energy extraction.

HCAT vs KNOP — Head-to-Head

Bigger by revenue
KNOP
KNOP
1.2× larger
KNOP
$87.1M
$74.7M
HCAT
Growing faster (revenue YoY)
KNOP
KNOP
+23.2% gap
KNOP
17.0%
-6.2%
HCAT
Higher net margin
KNOP
KNOP
129.7% more per $
KNOP
7.8%
-121.9%
HCAT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
HCAT
HCAT
KNOP
KNOP
Revenue
$74.7M
$87.1M
Net Profit
$-91.0M
$6.8M
Gross Margin
Operating Margin
-115.3%
25.5%
Net Margin
-121.9%
7.8%
Revenue YoY
-6.2%
17.0%
Net Profit YoY
-340.3%
153.0%
EPS (diluted)
$-1.29

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
HCAT
HCAT
KNOP
KNOP
Q4 25
$74.7M
Q3 25
$76.3M
Q2 25
$80.7M
$87.1M
Q1 25
$79.4M
Q4 24
$79.6M
Q3 24
$76.4M
Q2 24
$75.9M
$74.4M
Q1 24
$74.7M
Net Profit
HCAT
HCAT
KNOP
KNOP
Q4 25
$-91.0M
Q3 25
$-22.2M
Q2 25
$-41.0M
$6.8M
Q1 25
$-23.7M
Q4 24
$-20.7M
Q3 24
$-14.7M
Q2 24
$-13.5M
$-12.9M
Q1 24
$-20.6M
Gross Margin
HCAT
HCAT
KNOP
KNOP
Q4 25
Q3 25
52.6%
Q2 25
Q1 25
Q4 24
Q3 24
47.5%
Q2 24
Q1 24
Operating Margin
HCAT
HCAT
KNOP
KNOP
Q4 25
-115.3%
Q3 25
-22.9%
Q2 25
-46.0%
25.5%
Q1 25
-25.4%
Q4 24
-22.0%
Q3 24
-17.9%
Q2 24
-20.8%
1.8%
Q1 24
-30.5%
Net Margin
HCAT
HCAT
KNOP
KNOP
Q4 25
-121.9%
Q3 25
-29.1%
Q2 25
-50.8%
7.8%
Q1 25
-29.9%
Q4 24
-26.0%
Q3 24
-19.3%
Q2 24
-17.8%
-17.3%
Q1 24
-27.6%
EPS (diluted)
HCAT
HCAT
KNOP
KNOP
Q4 25
$-1.29
Q3 25
$-0.32
Q2 25
$-0.59
Q1 25
$-0.35
Q4 24
$-0.33
Q3 24
$-0.24
Q2 24
$-0.23
Q1 24
$-0.35

Balance Sheet & Financial Strength

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

Metric
HCAT
HCAT
KNOP
KNOP
Cash + ST InvestmentsLiquidity on hand
$95.7M
$66.3M
Total DebtLower is stronger
$153.3M
$914.5M
Stockholders' EquityBook value
$245.8M
Total Assets
$502.6M
$1.6B
Debt / EquityLower = less leverage
0.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCAT
HCAT
KNOP
KNOP
Q4 25
$95.7M
Q3 25
$91.5M
Q2 25
$97.3M
$66.3M
Q1 25
$342.0M
Q4 24
$392.0M
Q3 24
$387.3M
Q2 24
$308.3M
$56.6M
Q1 24
$327.8M
Total Debt
HCAT
HCAT
KNOP
KNOP
Q4 25
$153.3M
Q3 25
$153.1M
Q2 25
$153.0M
$914.5M
Q1 25
$382.9M
Q4 24
$382.4M
Q3 24
$345.0M
Q2 24
$895.4M
Q1 24
Stockholders' Equity
HCAT
HCAT
KNOP
KNOP
Q4 25
$245.8M
Q3 25
$331.9M
Q2 25
$347.5M
Q1 25
$376.8M
Q4 24
$365.2M
Q3 24
$355.0M
Q2 24
$357.0M
Q1 24
$357.2M
Total Assets
HCAT
HCAT
KNOP
KNOP
Q4 25
$502.6M
Q3 25
$587.1M
Q2 25
$616.2M
$1.6B
Q1 25
$891.5M
Q4 24
$858.9M
Q3 24
$813.0M
Q2 24
$691.7M
$1.5B
Q1 24
$695.1M
Debt / Equity
HCAT
HCAT
KNOP
KNOP
Q4 25
0.62×
Q3 25
0.46×
Q2 25
0.44×
Q1 25
1.02×
Q4 24
1.05×
Q3 24
0.97×
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
HCAT
HCAT
KNOP
KNOP
Operating Cash FlowLast quarter
$9.9M
Free Cash FlowOCF − Capex
$9.6M
FCF MarginFCF / Revenue
12.9%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-697.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCAT
HCAT
KNOP
KNOP
Q4 25
$9.9M
Q3 25
$-464.0K
Q2 25
$-9.0M
Q1 25
$280.0K
Q4 24
$-3.5M
Q3 24
$6.2M
Q2 24
$1.6M
Q1 24
$10.3M
Free Cash Flow
HCAT
HCAT
KNOP
KNOP
Q4 25
$9.6M
Q3 25
$-719.0K
Q2 25
$-9.2M
Q1 25
$-390.0K
Q4 24
$-3.9M
Q3 24
$5.5M
Q2 24
$1.3M
Q1 24
$10.1M
FCF Margin
HCAT
HCAT
KNOP
KNOP
Q4 25
12.9%
Q3 25
-0.9%
Q2 25
-11.4%
Q1 25
-0.5%
Q4 24
-4.9%
Q3 24
7.2%
Q2 24
1.7%
Q1 24
13.5%
Capex Intensity
HCAT
HCAT
KNOP
KNOP
Q4 25
0.4%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.8%
Q4 24
0.5%
Q3 24
0.9%
Q2 24
0.4%
Q1 24
0.3%

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCAT
HCAT

Recurring Technology$51.9M69%
Professional Services$22.8M31%

KNOP
KNOP

Segment breakdown not available.

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