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Side-by-side financial comparison of HARTE HANKS INC (HHS) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

HARTE HANKS INC is the larger business by last-quarter revenue ($39.9M vs $25.9M, roughly 1.5× NaaS Technology Inc.). HARTE HANKS INC runs the higher net margin — 5.5% vs -193.3%, a 198.8% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs -15.4%).

Harte Hanks is a global marketing services company headquartered in Boston, Massachusetts. Harte Hanks services include analytics, strategy, marketing technology, creative services, digital marketing, customer care, direct mail, logistics, and fulfillment.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

HHS vs NAAS — Head-to-Head

Bigger by revenue
HHS
HHS
1.5× larger
HHS
$39.9M
$25.9M
NAAS
Growing faster (revenue YoY)
NAAS
NAAS
+136.6% gap
NAAS
121.2%
-15.4%
HHS
Higher net margin
HHS
HHS
198.8% more per $
HHS
5.5%
-193.3%
NAAS

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
HHS
HHS
NAAS
NAAS
Revenue
$39.9M
$25.9M
Net Profit
$2.2M
$-50.0M
Gross Margin
29.2%
Operating Margin
-0.3%
-144.2%
Net Margin
5.5%
-193.3%
Revenue YoY
-15.4%
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$0.30
$-0.02

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
HHS
HHS
NAAS
NAAS
Q4 25
$39.9M
Q3 25
$39.5M
Q2 25
$38.6M
Q1 25
$41.6M
Q4 24
$47.1M
Q3 24
$47.6M
Q2 24
$45.0M
$25.9M
Q1 24
$45.4M
Net Profit
HHS
HHS
NAAS
NAAS
Q4 25
$2.2M
Q3 25
$-2.3M
Q2 25
$-335.0K
Q1 25
$-392.0K
Q4 24
Q3 24
$142.0K
Q2 24
$-27.8M
$-50.0M
Q1 24
$-171.0K
Gross Margin
HHS
HHS
NAAS
NAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
29.2%
Q1 24
Operating Margin
HHS
HHS
NAAS
NAAS
Q4 25
-0.3%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
-0.1%
Q4 24
-3.3%
Q3 24
4.0%
Q2 24
3.0%
-144.2%
Q1 24
0.8%
Net Margin
HHS
HHS
NAAS
NAAS
Q4 25
5.5%
Q3 25
-5.8%
Q2 25
-0.9%
Q1 25
-0.9%
Q4 24
Q3 24
0.3%
Q2 24
-61.8%
-193.3%
Q1 24
-0.4%
EPS (diluted)
HHS
HHS
NAAS
NAAS
Q4 25
$0.30
Q3 25
$-0.31
Q2 25
$-0.05
Q1 25
$-0.05
Q4 24
$-0.31
Q3 24
$0.02
Q2 24
$-3.84
$-0.02
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
HHS
HHS
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$5.6M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$20.5M
$-33.4M
Total Assets
$91.8M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HHS
HHS
NAAS
NAAS
Q4 25
$5.6M
Q3 25
$6.5M
Q2 25
$4.8M
Q1 25
$9.0M
Q4 24
$9.8M
Q3 24
$5.9M
Q2 24
$11.0M
$24.7M
Q1 24
$11.5M
Stockholders' Equity
HHS
HHS
NAAS
NAAS
Q4 25
$20.5M
Q3 25
$19.9M
Q2 25
$22.2M
Q1 25
$21.4M
Q4 24
$21.7M
Q3 24
$21.0M
Q2 24
$20.6M
$-33.4M
Q1 24
$20.0M
Total Assets
HHS
HHS
NAAS
NAAS
Q4 25
$91.8M
Q3 25
$92.7M
Q2 25
$95.0M
Q1 25
$100.6M
Q4 24
$101.8M
Q3 24
$108.1M
Q2 24
$109.7M
$180.2M
Q1 24
$113.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HHS
HHS
NAAS
NAAS
Operating Cash FlowLast quarter
$737.0K
$-25.7M
Free Cash FlowOCF − Capex
$-686.0K
FCF MarginFCF / Revenue
-1.7%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
0.33×
TTM Free Cash FlowTrailing 4 quarters
$-4.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HHS
HHS
NAAS
NAAS
Q4 25
$737.0K
Q3 25
$3.2M
Q2 25
$-4.8M
Q1 25
$-818.0K
Q4 24
$4.0M
Q3 24
$-2.9M
Q2 24
$1.6M
$-25.7M
Q1 24
$-5.7M
Free Cash Flow
HHS
HHS
NAAS
NAAS
Q4 25
$-686.0K
Q3 25
$2.2M
Q2 25
$-5.1M
Q1 25
$-923.0K
Q4 24
$3.4M
Q3 24
$-4.9M
Q2 24
$926.0K
Q1 24
$-6.2M
FCF Margin
HHS
HHS
NAAS
NAAS
Q4 25
-1.7%
Q3 25
5.5%
Q2 25
-13.1%
Q1 25
-2.2%
Q4 24
7.3%
Q3 24
-10.2%
Q2 24
2.1%
Q1 24
-13.7%
Capex Intensity
HHS
HHS
NAAS
NAAS
Q4 25
3.6%
Q3 25
2.5%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
1.3%
Q3 24
4.0%
Q2 24
1.5%
Q1 24
1.2%
Cash Conversion
HHS
HHS
NAAS
NAAS
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-20.76×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HHS
HHS

Fulfillment And Logistics Services$17.3M43%
Customer Care$13.7M34%
Other$8.9M22%

NAAS
NAAS

Segment breakdown not available.

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