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Side-by-side financial comparison of HARROW, INC. (HROW) and LandBridge Co LLC (LB). Click either name above to swap in a different company.

HARROW, INC. is the larger business by last-quarter revenue ($89.1M vs $56.8M, roughly 1.6× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs 7.4%, a 6.7% gap on every dollar of revenue. On growth, LandBridge Co LLC posted the faster year-over-year revenue change (55.6% vs 33.3%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $8.1M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% CAGR vs 60.5%).

Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.

HROW vs LB — Head-to-Head

Bigger by revenue
HROW
HROW
1.6× larger
HROW
$89.1M
$56.8M
LB
Growing faster (revenue YoY)
LB
LB
+22.2% gap
LB
55.6%
33.3%
HROW
Higher net margin
LB
LB
6.7% more per $
LB
14.2%
7.4%
HROW
More free cash flow
LB
LB
$114.0M more FCF
LB
$122.0M
$8.1M
HROW
Faster 2-yr revenue CAGR
LB
LB
Annualised
LB
72.8%
60.5%
HROW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HROW
HROW
LB
LB
Revenue
$89.1M
$56.8M
Net Profit
$6.6M
$8.1M
Gross Margin
79.3%
Operating Margin
17.5%
60.0%
Net Margin
7.4%
14.2%
Revenue YoY
33.3%
55.6%
Net Profit YoY
-2.2%
-83.7%
EPS (diluted)
$0.20
$0.24

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
HROW
HROW
LB
LB
Q4 25
$89.1M
$56.8M
Q3 25
$71.6M
$50.8M
Q2 25
$63.7M
$47.5M
Q1 25
$47.8M
$44.0M
Q4 24
$66.8M
$36.5M
Q3 24
$49.3M
$28.5M
Q2 24
$48.9M
$26.0M
Q1 24
$34.6M
$19.0M
Net Profit
HROW
HROW
LB
LB
Q4 25
$6.6M
$8.1M
Q3 25
$1.0M
$8.1M
Q2 25
$5.0M
$7.5M
Q1 25
$-17.8M
$6.5M
Q4 24
$6.8M
$49.3M
Q3 24
$-4.2M
$2.7M
Q2 24
$-6.5M
$-57.7M
Q1 24
$-13.6M
$10.8M
Gross Margin
HROW
HROW
LB
LB
Q4 25
79.3%
Q3 25
75.3%
Q2 25
74.5%
Q1 25
67.5%
Q4 24
78.8%
Q3 24
75.6%
Q2 24
74.4%
Q1 24
69.5%
Operating Margin
HROW
HROW
LB
LB
Q4 25
17.5%
60.0%
Q3 25
20.6%
60.8%
Q2 25
17.9%
60.0%
Q1 25
-23.5%
57.0%
Q4 24
19.3%
49.4%
Q3 24
2.7%
11.2%
Q2 24
3.1%
-197.4%
Q1 24
-20.0%
71.1%
Net Margin
HROW
HROW
LB
LB
Q4 25
7.4%
14.2%
Q3 25
1.4%
15.9%
Q2 25
7.8%
15.8%
Q1 25
-37.2%
14.7%
Q4 24
10.1%
135.2%
Q3 24
-8.6%
9.3%
Q2 24
-13.2%
-222.1%
Q1 24
-39.2%
56.7%
EPS (diluted)
HROW
HROW
LB
LB
Q4 25
$0.20
$0.24
Q3 25
$0.03
$0.26
Q2 25
$0.13
$0.24
Q1 25
$-0.50
$0.20
Q4 24
$0.19
Q3 24
$-0.12
$-0.04
Q2 24
$-0.18
Q1 24
$-0.38

Balance Sheet & Financial Strength

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

Metric
HROW
HROW
LB
LB
Cash + ST InvestmentsLiquidity on hand
$72.9M
$30.7M
Total DebtLower is stronger
$250.0M
$570.7M
Stockholders' EquityBook value
$52.4M
$340.3M
Total Assets
$399.5M
$1.4B
Debt / EquityLower = less leverage
4.77×
1.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HROW
HROW
LB
LB
Q4 25
$72.9M
$30.7M
Q3 25
$74.3M
$28.3M
Q2 25
$53.0M
$20.3M
Q1 25
$66.7M
$14.9M
Q4 24
$47.2M
$37.0M
Q3 24
$72.6M
$14.4M
Q2 24
$71.0M
$24.6M
Q1 24
$76.0M
Total Debt
HROW
HROW
LB
LB
Q4 25
$250.0M
$570.7M
Q3 25
$347.2M
$366.1M
Q2 25
$250.6M
$370.9M
Q1 25
$256.9M
$375.5M
Q4 24
$262.7M
$385.5M
Q3 24
$230.7M
$242.4M
Q2 24
$236.3M
$360.8M
Q1 24
$243.4M
Stockholders' Equity
HROW
HROW
LB
LB
Q4 25
$52.4M
$340.3M
Q3 25
$47.0M
$272.0M
Q2 25
$49.7M
$266.4M
Q1 25
$56.5M
$217.0M
Q4 24
$69.7M
$211.8M
Q3 24
$58.0M
$97.2M
Q2 24
$58.5M
$296.4M
Q1 24
$60.6M
$162.3M
Total Assets
HROW
HROW
LB
LB
Q4 25
$399.5M
$1.4B
Q3 25
$363.1M
$1.1B
Q2 25
$345.0M
$1.1B
Q1 25
$364.2M
$1.0B
Q4 24
$389.0M
$1.0B
Q3 24
$351.5M
$689.9M
Q2 24
$306.6M
$710.5M
Q1 24
$295.5M
Debt / Equity
HROW
HROW
LB
LB
Q4 25
4.77×
1.68×
Q3 25
7.39×
1.35×
Q2 25
5.05×
1.39×
Q1 25
4.55×
1.73×
Q4 24
3.77×
1.82×
Q3 24
3.98×
2.49×
Q2 24
4.04×
1.22×
Q1 24
4.02×

Cash Flow & Capital Efficiency

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

Metric
HROW
HROW
LB
LB
Operating Cash FlowLast quarter
$8.4M
$126.3M
Free Cash FlowOCF − Capex
$8.1M
$122.0M
FCF MarginFCF / Revenue
9.1%
214.9%
Capex IntensityCapex / Revenue
0.4%
7.5%
Cash ConversionOCF / Net Profit
1.27×
15.68×
TTM Free Cash FlowTrailing 4 quarters
$43.0M
$207.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HROW
HROW
LB
LB
Q4 25
$8.4M
$126.3M
Q3 25
$16.6M
$34.9M
Q2 25
$-803.0K
$37.3M
Q1 25
$19.7M
$15.9M
Q4 24
$-17.8M
$67.6M
Q3 24
$3.0M
$7.5M
Q2 24
$-2.7M
$16.0M
Q1 24
$-4.6M
$17.2M
Free Cash Flow
HROW
HROW
LB
LB
Q4 25
$8.1M
$122.0M
Q3 25
$16.4M
$33.7M
Q2 25
$-969.0K
$36.1M
Q1 25
$19.5M
$15.8M
Q4 24
$-18.3M
$66.7M
Q3 24
$2.3M
$7.1M
Q2 24
$-3.1M
$15.7M
Q1 24
$-4.7M
$17.1M
FCF Margin
HROW
HROW
LB
LB
Q4 25
9.1%
214.9%
Q3 25
22.9%
66.3%
Q2 25
-1.5%
75.9%
Q1 25
40.8%
36.0%
Q4 24
-27.4%
182.6%
Q3 24
4.8%
25.1%
Q2 24
-6.3%
60.4%
Q1 24
-13.6%
90.1%
Capex Intensity
HROW
HROW
LB
LB
Q4 25
0.4%
7.5%
Q3 25
0.3%
2.3%
Q2 25
0.3%
2.6%
Q1 25
0.4%
0.2%
Q4 24
0.8%
2.7%
Q3 24
1.2%
1.1%
Q2 24
0.7%
1.4%
Q1 24
0.3%
0.5%
Cash Conversion
HROW
HROW
LB
LB
Q4 25
1.27×
15.68×
Q3 25
16.26×
4.31×
Q2 25
-0.16×
4.98×
Q1 25
2.46×
Q4 24
-2.62×
1.37×
Q3 24
2.80×
Q2 24
Q1 24
1.60×

Financial Flow Comparison

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

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