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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and HERITAGE COMMERCE CORP (HTBK). Click either name above to swap in a different company.

HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $53.6M, roughly 1.5× HERITAGE COMMERCE CORP). On growth, HERITAGE COMMERCE CORP posted the faster year-over-year revenue change (15.6% vs 7.4%). HERITAGE COMMERCE CORP produced more free cash flow last quarter ($61.3M vs $13.0M). Over the past eight quarters, HERITAGE COMMERCE CORP's revenue compounded faster (12.8% CAGR vs 4.7%).

HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.

The United States Chamber of Commerce (USCC) is a business association advocacy group and is the largest lobbying group in the United States. The group was founded in April 23, 1912, out of local chambers of commerce at the urging of President William Howard Taft and his secretary of commerce and labor Charles Nagel. President Taft's belief was that the "government needed to deal with a group that could speak with authority for the interests of business."

HSTM vs HTBK — Head-to-Head

Bigger by revenue
HSTM
HSTM
1.5× larger
HSTM
$79.7M
$53.6M
HTBK
Growing faster (revenue YoY)
HTBK
HTBK
+8.3% gap
HTBK
15.6%
7.4%
HSTM
More free cash flow
HTBK
HTBK
$48.3M more FCF
HTBK
$61.3M
$13.0M
HSTM
Faster 2-yr revenue CAGR
HTBK
HTBK
Annualised
HTBK
12.8%
4.7%
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSTM
HSTM
HTBK
HTBK
Revenue
$79.7M
$53.6M
Net Profit
$15.1M
Gross Margin
Operating Margin
3.0%
41.0%
Net Margin
28.2%
Revenue YoY
7.4%
15.6%
Net Profit YoY
42.3%
EPS (diluted)
$0.09
$0.25

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
HSTM
HSTM
HTBK
HTBK
Q4 25
$79.7M
$53.6M
Q3 25
$76.5M
$50.0M
Q2 25
$74.4M
$47.8M
Q1 25
$73.5M
$46.1M
Q4 24
$74.2M
$46.4M
Q3 24
$73.1M
$42.2M
Q2 24
$71.6M
$41.7M
Q1 24
$72.8M
$42.1M
Net Profit
HSTM
HSTM
HTBK
HTBK
Q4 25
$15.1M
Q3 25
$6.1M
$14.7M
Q2 25
$5.4M
$6.4M
Q1 25
$4.3M
$11.6M
Q4 24
$10.6M
Q3 24
$5.7M
$10.5M
Q2 24
$4.2M
$9.2M
Q1 24
$5.2M
$10.2M
Operating Margin
HSTM
HSTM
HTBK
HTBK
Q4 25
3.0%
41.0%
Q3 25
9.9%
41.1%
Q2 25
7.9%
18.7%
Q1 25
6.0%
35.4%
Q4 24
6.3%
31.8%
Q3 24
8.9%
34.3%
Q2 24
6.2%
31.3%
Q1 24
7.8%
34.2%
Net Margin
HSTM
HSTM
HTBK
HTBK
Q4 25
28.2%
Q3 25
8.0%
29.4%
Q2 25
7.2%
13.4%
Q1 25
5.9%
25.2%
Q4 24
22.9%
Q3 24
7.8%
24.9%
Q2 24
5.8%
22.1%
Q1 24
7.2%
24.1%
EPS (diluted)
HSTM
HSTM
HTBK
HTBK
Q4 25
$0.09
$0.25
Q3 25
$0.20
$0.24
Q2 25
$0.18
$0.10
Q1 25
$0.14
$0.19
Q4 24
$0.16
$0.17
Q3 24
$0.19
$0.17
Q2 24
$0.14
$0.15
Q1 24
$0.17
$0.17

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
HTBK
HTBK
Cash + ST InvestmentsLiquidity on hand
$36.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.0M
$708.6M
Total Assets
$520.4M
$5.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
HTBK
HTBK
Q4 25
$36.2M
Q3 25
$53.5M
Q2 25
$52.1M
Q1 25
$77.3M
Q4 24
$59.5M
Q3 24
$57.5M
Q2 24
$46.1M
Q1 24
$52.4M
Stockholders' Equity
HSTM
HSTM
HTBK
HTBK
Q4 25
$354.0M
$708.6M
Q3 25
$349.2M
$700.0M
Q2 25
$350.6M
$694.7M
Q1 25
$362.8M
$696.2M
Q4 24
$359.4M
$689.7M
Q3 24
$355.5M
$685.4M
Q2 24
$349.2M
$679.2M
Q1 24
$344.9M
$676.3M
Total Assets
HSTM
HSTM
HTBK
HTBK
Q4 25
$520.4M
$5.8B
Q3 25
$499.9M
$5.6B
Q2 25
$500.1M
$5.5B
Q1 25
$524.0M
$5.5B
Q4 24
$510.8M
$5.6B
Q3 24
$502.8M
$5.6B
Q2 24
$499.6M
$5.3B
Q1 24
$511.6M
$5.3B

Cash Flow & Capital Efficiency

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

Metric
HSTM
HSTM
HTBK
HTBK
Operating Cash FlowLast quarter
$13.2M
$61.7M
Free Cash FlowOCF − Capex
$13.0M
$61.3M
FCF MarginFCF / Revenue
16.3%
114.3%
Capex IntensityCapex / Revenue
0.3%
0.7%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
HTBK
HTBK
Q4 25
$13.2M
$61.7M
Q3 25
$18.0M
$18.9M
Q2 25
$5.0M
$8.0M
Q1 25
$27.1M
$14.8M
Q4 24
$11.2M
$39.0M
Q3 24
$19.1M
$5.3M
Q2 24
$6.5M
$10.5M
Q1 24
$20.9M
$7.3M
Free Cash Flow
HSTM
HSTM
HTBK
HTBK
Q4 25
$13.0M
$61.3M
Q3 25
$17.9M
$18.8M
Q2 25
$2.7M
Q1 25
$26.0M
Q4 24
$11.0M
$37.3M
Q3 24
$18.8M
$4.9M
Q2 24
$6.3M
$9.9M
Q1 24
$20.2M
$6.9M
FCF Margin
HSTM
HSTM
HTBK
HTBK
Q4 25
16.3%
114.3%
Q3 25
23.4%
37.7%
Q2 25
3.6%
Q1 25
35.4%
Q4 24
14.8%
80.5%
Q3 24
25.8%
11.6%
Q2 24
8.8%
23.6%
Q1 24
27.8%
16.4%
Capex Intensity
HSTM
HSTM
HTBK
HTBK
Q4 25
0.3%
0.7%
Q3 25
0.1%
0.1%
Q2 25
3.1%
Q1 25
1.4%
Q4 24
0.3%
3.5%
Q3 24
0.4%
1.0%
Q2 24
0.2%
1.6%
Q1 24
1.0%
1.0%
Cash Conversion
HSTM
HSTM
HTBK
HTBK
Q4 25
4.08×
Q3 25
2.96×
1.28×
Q2 25
0.93×
1.25×
Q1 25
6.25×
1.28×
Q4 24
3.67×
Q3 24
3.34×
0.50×
Q2 24
1.55×
1.14×
Q1 24
4.01×
0.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HSTM
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

HTBK
HTBK

Segment breakdown not available.

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