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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and INFINITY NATURAL RESOURCES, INC. (INR). Click either name above to swap in a different company.

INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $79.7M, roughly 1.4× HEALTHSTREAM INC).

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.

HSTM vs INR — Head-to-Head

Bigger by revenue
INR
INR
1.4× larger
INR
$115.5M
$79.7M
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSTM
HSTM
INR
INR
Revenue
$79.7M
$115.5M
Net Profit
$20.0M
Gross Margin
Operating Margin
3.0%
47.0%
Net Margin
17.3%
Revenue YoY
7.4%
Net Profit YoY
EPS (diluted)
$0.09
$1.33

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
INR
INR
Q4 25
$79.7M
$115.5M
Q3 25
$76.5M
$78.3M
Q2 25
$74.4M
$72.5M
Q1 25
$73.5M
$84.2M
Q4 24
$74.2M
Q3 24
$73.1M
Q2 24
$71.6M
Q1 24
$72.8M
Net Profit
HSTM
HSTM
INR
INR
Q4 25
$20.0M
Q3 25
$6.1M
$10.4M
Q2 25
$5.4M
$18.0M
Q1 25
$4.3M
$-34.6M
Q4 24
Q3 24
$5.7M
Q2 24
$4.2M
Q1 24
$5.2M
Operating Margin
HSTM
HSTM
INR
INR
Q4 25
3.0%
47.0%
Q3 25
9.9%
30.5%
Q2 25
7.9%
29.9%
Q1 25
6.0%
-104.5%
Q4 24
6.3%
Q3 24
8.9%
Q2 24
6.2%
Q1 24
7.8%
Net Margin
HSTM
HSTM
INR
INR
Q4 25
17.3%
Q3 25
8.0%
13.3%
Q2 25
7.2%
24.8%
Q1 25
5.9%
-41.1%
Q4 24
Q3 24
7.8%
Q2 24
5.8%
Q1 24
7.2%
EPS (diluted)
HSTM
HSTM
INR
INR
Q4 25
$0.09
$1.33
Q3 25
$0.20
$0.65
Q2 25
$0.18
$1.18
Q1 25
$0.14
$-2.27
Q4 24
$0.16
Q3 24
$0.19
Q2 24
$0.14
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
INR
INR
Cash + ST InvestmentsLiquidity on hand
$36.2M
$2.8M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$354.0M
$307.1M
Total Assets
$520.4M
$1.2B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
INR
INR
Q4 25
$36.2M
$2.8M
Q3 25
$53.5M
$4.6M
Q2 25
$52.1M
$6.3M
Q1 25
$77.3M
$4.9M
Q4 24
$59.5M
Q3 24
$57.5M
Q2 24
$46.1M
Q1 24
$52.4M
Total Debt
HSTM
HSTM
INR
INR
Q4 25
$55.0K
Q3 25
Q2 25
Q1 25
$123.0K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HSTM
HSTM
INR
INR
Q4 25
$354.0M
$307.1M
Q3 25
$349.2M
$288.6M
Q2 25
$350.6M
$10.1M
Q1 25
$362.8M
$-52.2M
Q4 24
$359.4M
Q3 24
$355.5M
Q2 24
$349.2M
Q1 24
$344.9M
Total Assets
HSTM
HSTM
INR
INR
Q4 25
$520.4M
$1.2B
Q3 25
$499.9M
$1.1B
Q2 25
$500.1M
$1.0B
Q1 25
$524.0M
$953.9M
Q4 24
$510.8M
Q3 24
$502.8M
Q2 24
$499.6M
Q1 24
$511.6M
Debt / Equity
HSTM
HSTM
INR
INR
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
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
HSTM
HSTM
INR
INR
Operating Cash FlowLast quarter
$13.2M
$75.1M
Free Cash FlowOCF − Capex
$13.0M
FCF MarginFCF / Revenue
16.3%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$59.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
INR
INR
Q4 25
$13.2M
$75.1M
Q3 25
$18.0M
$42.1M
Q2 25
$5.0M
$70.4M
Q1 25
$27.1M
$74.2M
Q4 24
$11.2M
Q3 24
$19.1M
Q2 24
$6.5M
Q1 24
$20.9M
Free Cash Flow
HSTM
HSTM
INR
INR
Q4 25
$13.0M
Q3 25
$17.9M
Q2 25
$2.7M
Q1 25
$26.0M
Q4 24
$11.0M
Q3 24
$18.8M
Q2 24
$6.3M
Q1 24
$20.2M
FCF Margin
HSTM
HSTM
INR
INR
Q4 25
16.3%
Q3 25
23.4%
Q2 25
3.6%
Q1 25
35.4%
Q4 24
14.8%
Q3 24
25.8%
Q2 24
8.8%
Q1 24
27.8%
Capex Intensity
HSTM
HSTM
INR
INR
Q4 25
0.3%
Q3 25
0.1%
Q2 25
3.1%
Q1 25
1.4%
Q4 24
0.3%
Q3 24
0.4%
Q2 24
0.2%
Q1 24
1.0%
Cash Conversion
HSTM
HSTM
INR
INR
Q4 25
3.75×
Q3 25
2.96×
4.04×
Q2 25
0.93×
3.91×
Q1 25
6.25×
Q4 24
Q3 24
3.34×
Q2 24
1.55×
Q1 24
4.01×

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%

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

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