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Side-by-side financial comparison of HEALTHY CHOICE WELLNESS CORP. (HCWC) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

HEALTHY CHOICE WELLNESS CORP. is the larger business by last-quarter revenue ($18.7M vs $18.4M, roughly 1.0× Simulations Plus, Inc.). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -8.9%, a 12.5% gap on every dollar of revenue.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

HCWC vs SLP — Head-to-Head

Bigger by revenue
HCWC
HCWC
1.0× larger
HCWC
$18.7M
$18.4M
SLP
Higher net margin
SLP
SLP
12.5% more per $
SLP
3.7%
-8.9%
HCWC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HCWC
HCWC
SLP
SLP
Revenue
$18.7M
$18.4M
Net Profit
$-1.7M
$676.0K
Gross Margin
39.1%
59.1%
Operating Margin
-7.6%
3.9%
Net Margin
-8.9%
3.7%
Revenue YoY
-2.7%
Net Profit YoY
228.2%
EPS (diluted)
$-0.05
$0.03

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
HCWC
HCWC
SLP
SLP
Q4 25
$18.7M
$18.4M
Q3 25
$19.0M
$17.5M
Q2 25
$20.2M
$20.4M
Q1 25
$20.3M
$22.4M
Q4 24
$18.9M
Q3 24
$18.2M
$18.7M
Q2 24
$18.5M
Q1 24
$18.3M
Net Profit
HCWC
HCWC
SLP
SLP
Q4 25
$-1.7M
$676.0K
Q3 25
$-1.2M
$-681.0K
Q2 25
$-339.4K
$-67.3M
Q1 25
$-712.4K
$3.1M
Q4 24
$206.0K
Q3 24
$-2.7M
$843.0K
Q2 24
$3.1M
Q1 24
$4.0M
Gross Margin
HCWC
HCWC
SLP
SLP
Q4 25
39.1%
59.1%
Q3 25
38.8%
56.4%
Q2 25
40.1%
64.0%
Q1 25
38.8%
58.5%
Q4 24
54.0%
Q3 24
38.4%
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
HCWC
HCWC
SLP
SLP
Q4 25
-7.6%
3.9%
Q3 25
-3.2%
3.8%
Q2 25
-0.2%
-364.5%
Q1 25
-2.0%
12.1%
Q4 24
0.7%
Q3 24
-2.0%
-6.2%
Q2 24
10.1%
Q1 24
24.3%
Net Margin
HCWC
HCWC
SLP
SLP
Q4 25
-8.9%
3.7%
Q3 25
-6.4%
-3.9%
Q2 25
-1.7%
-330.6%
Q1 25
-3.5%
13.7%
Q4 24
1.1%
Q3 24
-14.6%
4.5%
Q2 24
16.9%
Q1 24
22.0%
EPS (diluted)
HCWC
HCWC
SLP
SLP
Q4 25
$-0.05
$0.03
Q3 25
$-0.09
$-0.03
Q2 25
$-0.03
$-3.35
Q1 25
$-0.07
$0.15
Q4 24
$0.01
Q3 24
$-0.29
$0.04
Q2 24
$0.15
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
HCWC
HCWC
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$3.0M
$35.7M
Total DebtLower is stronger
$7.3M
Stockholders' EquityBook value
$7.3M
$127.1M
Total Assets
$33.5M
$137.8M
Debt / EquityLower = less leverage
1.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCWC
HCWC
SLP
SLP
Q4 25
$3.0M
$35.7M
Q3 25
$3.0M
$32.4M
Q2 25
$4.7M
$28.4M
Q1 25
$1.8M
$21.4M
Q4 24
$18.2M
Q3 24
$1.8M
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Total Debt
HCWC
HCWC
SLP
SLP
Q4 25
$7.3M
Q3 25
$8.5M
Q2 25
$9.7M
Q1 25
$10.6M
Q4 24
Q3 24
$11.6M
Q2 24
Q1 24
Stockholders' Equity
HCWC
HCWC
SLP
SLP
Q4 25
$7.3M
$127.1M
Q3 25
$5.9M
$124.8M
Q2 25
$5.8M
$123.8M
Q1 25
$2.1M
$189.5M
Q4 24
$184.7M
Q3 24
$2.9M
$182.4M
Q2 24
$180.9M
Q1 24
$177.0M
Total Assets
HCWC
HCWC
SLP
SLP
Q4 25
$33.5M
$137.8M
Q3 25
$33.7M
$131.9M
Q2 25
$36.4M
$134.4M
Q1 25
$34.1M
$201.4M
Q4 24
$196.9M
Q3 24
$33.2M
$196.6M
Q2 24
$192.7M
Q1 24
$194.0M
Debt / Equity
HCWC
HCWC
SLP
SLP
Q4 25
1.00×
Q3 25
1.43×
Q2 25
1.69×
Q1 25
5.01×
Q4 24
Q3 24
3.95×
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
HCWC
HCWC
SLP
SLP
Operating Cash FlowLast quarter
$-855.1K
$4.2M
Free Cash FlowOCF − Capex
$-927.1K
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
0.4%
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters
$675.4K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCWC
HCWC
SLP
SLP
Q4 25
$-855.1K
$4.2M
Q3 25
$-308.7K
$5.6M
Q2 25
$1.1M
$8.1M
Q1 25
$1.1M
$5.7M
Q4 24
$-1.3M
Q3 24
$1.7M
Q2 24
$5.7M
Q1 24
$5.8M
Free Cash Flow
HCWC
HCWC
SLP
SLP
Q4 25
$-927.1K
Q3 25
$-351.3K
$5.3M
Q2 25
$988.6K
$7.8M
Q1 25
$965.3K
$5.6M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$5.4M
FCF Margin
HCWC
HCWC
SLP
SLP
Q4 25
-5.0%
Q3 25
-1.8%
30.5%
Q2 25
4.9%
38.5%
Q1 25
4.8%
25.0%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
29.4%
Capex Intensity
HCWC
HCWC
SLP
SLP
Q4 25
0.4%
0.0%
Q3 25
0.2%
1.5%
Q2 25
0.4%
1.5%
Q1 25
0.6%
0.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
2.4%
Cash Conversion
HCWC
HCWC
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HCWC
HCWC

Retail Grocery$17.1M91%
Food Service Restaurant$1.7M9%

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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