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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and MFA FINANCIAL, INC. (MFA). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $55.5M, roughly 1.4× MFA FINANCIAL, INC.). On growth, MFA FINANCIAL, INC. posted the faster year-over-year revenue change (9.2% vs 7.4%). Over the past eight quarters, MFA FINANCIAL, INC.'s revenue compounded faster (7.7% 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.
MFA Financial, Inc. is a U.S.-headquartered real estate investment trust (REIT) specializing in investing in and managing residential and commercial mortgage-backed securities, mortgage loans, and other real estate-related financial assets. It caters primarily to institutional and individual investors across the U.S., focusing on delivering stable risk-adjusted returns via rigorous asset screening and risk management frameworks.
HSTM vs MFA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $55.5M |
| Net Profit | — | — |
| Gross Margin | — | — |
| Operating Margin | 3.0% | 97.9% |
| Net Margin | — | — |
| Revenue YoY | 7.4% | 9.2% |
| Net Profit YoY | — | — |
| EPS (diluted) | $0.09 | $0.43 |
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.
| Q4 25 | $79.7M | $55.5M | ||
| Q3 25 | $76.5M | $56.8M | ||
| Q2 25 | $74.4M | $61.3M | ||
| Q1 25 | $73.5M | $57.5M | ||
| Q4 24 | $74.2M | $50.8M | ||
| Q3 24 | $73.1M | $50.6M | ||
| Q2 24 | $71.6M | $53.5M | ||
| Q1 24 | $72.8M | $47.8M |
| Q4 25 | — | — | ||
| Q3 25 | $6.1M | $48.1M | ||
| Q2 25 | $5.4M | $33.2M | ||
| Q1 25 | $4.3M | $41.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | $5.7M | $48.2M | ||
| Q2 24 | $4.2M | $41.9M | ||
| Q1 24 | $5.2M | $23.2M |
| Q4 25 | 3.0% | 97.9% | ||
| Q3 25 | 9.9% | 84.5% | ||
| Q2 25 | 7.9% | 54.5% | ||
| Q1 25 | 6.0% | 70.0% | ||
| Q4 24 | 6.3% | 6.8% | ||
| Q3 24 | 8.9% | 98.2% | ||
| Q2 24 | 6.2% | 79.1% | ||
| Q1 24 | 7.8% | 50.7% |
| Q4 25 | — | — | ||
| Q3 25 | 8.0% | 84.7% | ||
| Q2 25 | 7.2% | 54.2% | ||
| Q1 25 | 5.9% | 71.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | 7.8% | 95.2% | ||
| Q2 24 | 5.8% | 78.4% | ||
| Q1 24 | 7.2% | 48.5% |
| Q4 25 | $0.09 | $0.43 | ||
| Q3 25 | $0.20 | $0.35 | ||
| Q2 25 | $0.18 | $0.21 | ||
| Q1 25 | $0.14 | $0.31 | ||
| Q4 24 | $0.16 | $-0.01 | ||
| Q3 24 | $0.19 | $0.37 | ||
| Q2 24 | $0.14 | $0.32 | ||
| Q1 24 | $0.17 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $213.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $354.0M | $1.8B |
| Total Assets | $520.4M | $13.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $213.2M | ||
| Q3 25 | $53.5M | $305.2M | ||
| Q2 25 | $52.1M | $275.7M | ||
| Q1 25 | $77.3M | $253.7M | ||
| Q4 24 | $59.5M | $338.9M | ||
| Q3 24 | $57.5M | $305.6M | ||
| Q2 24 | $46.1M | $289.4M | ||
| Q1 24 | $52.4M | $306.3M |
| Q4 25 | $354.0M | $1.8B | ||
| Q3 25 | $349.2M | $1.8B | ||
| Q2 25 | $350.6M | $1.8B | ||
| Q1 25 | $362.8M | $1.8B | ||
| Q4 24 | $359.4M | $1.8B | ||
| Q3 24 | $355.5M | $1.9B | ||
| Q2 24 | $349.2M | $1.9B | ||
| Q1 24 | $344.9M | $1.9B |
| Q4 25 | $520.4M | $13.0B | ||
| Q3 25 | $499.9M | $12.1B | ||
| Q2 25 | $500.1M | $11.7B | ||
| Q1 25 | $524.0M | $11.5B | ||
| Q4 24 | $510.8M | $11.4B | ||
| Q3 24 | $502.8M | $11.2B | ||
| Q2 24 | $499.6M | $11.1B | ||
| Q1 24 | $511.6M | $10.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.2M | $76.2M |
| Free Cash FlowOCF − Capex | $13.0M | — |
| FCF MarginFCF / Revenue | 16.3% | — |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $76.2M | ||
| Q3 25 | $18.0M | $14.7M | ||
| Q2 25 | $5.0M | $38.5M | ||
| Q1 25 | $27.1M | $-14.6M | ||
| Q4 24 | $11.2M | $200.1M | ||
| Q3 24 | $19.1M | $-11.3M | ||
| Q2 24 | $6.5M | $46.5M | ||
| Q1 24 | $20.9M | $53.5M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | 0.31× | ||
| Q2 25 | 0.93× | 1.16× | ||
| Q1 25 | 6.25× | -0.35× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | -0.23× | ||
| Q2 24 | 1.55× | 1.11× | ||
| Q1 24 | 4.01× | 2.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
MFA
Segment breakdown not available.
