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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and MGP INGREDIENTS INC (MGPI). Click either name above to swap in a different company.
MGP INGREDIENTS INC is the larger business by last-quarter revenue ($138.3M vs $79.7M, roughly 1.7× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -23.5%). MGP INGREDIENTS INC produced more free cash flow last quarter ($24.3M vs $13.0M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -9.9%).
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.
MGP Ingredients Inc is a leading US-based supplier of premium distilled spirits, specialty wheat and corn-based starch and protein ingredients. It serves food and beverage manufacturing, foodservice, and industrial customer segments across North America and select global markets, delivering tailored ingredient solutions for diverse product use cases.
HSTM vs MGPI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $138.3M |
| Net Profit | — | $-134.6M |
| Gross Margin | — | 34.9% |
| Operating Margin | 3.0% | -97.7% |
| Net Margin | — | -97.3% |
| Revenue YoY | 7.4% | -23.5% |
| Net Profit YoY | — | -220.8% |
| EPS (diluted) | $0.09 | $-6.23 |
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 | $138.3M | ||
| Q3 25 | $76.5M | $130.9M | ||
| Q2 25 | $74.4M | $145.5M | ||
| Q1 25 | $73.5M | $121.7M | ||
| Q4 24 | $74.2M | $180.8M | ||
| Q3 24 | $73.1M | $161.5M | ||
| Q2 24 | $71.6M | $190.8M | ||
| Q1 24 | $72.8M | $170.6M |
| Q4 25 | — | $-134.6M | ||
| Q3 25 | $6.1M | $15.4M | ||
| Q2 25 | $5.4M | $14.4M | ||
| Q1 25 | $4.3M | $-3.0M | ||
| Q4 24 | — | $-42.0M | ||
| Q3 24 | $5.7M | $23.9M | ||
| Q2 24 | $4.2M | $32.1M | ||
| Q1 24 | $5.2M | $20.6M |
| Q4 25 | — | 34.9% | ||
| Q3 25 | — | 37.8% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 41.2% | ||
| Q3 24 | — | 40.8% | ||
| Q2 24 | — | 43.6% | ||
| Q1 24 | — | 36.8% |
| Q4 25 | 3.0% | -97.7% | ||
| Q3 25 | 9.9% | 16.1% | ||
| Q2 25 | 7.9% | 14.0% | ||
| Q1 25 | 6.0% | -0.6% | ||
| Q4 24 | 6.3% | -16.8% | ||
| Q3 24 | 8.9% | 20.2% | ||
| Q2 24 | 6.2% | 22.7% | ||
| Q1 24 | 7.8% | 17.0% |
| Q4 25 | — | -97.3% | ||
| Q3 25 | 8.0% | 11.8% | ||
| Q2 25 | 7.2% | 9.9% | ||
| Q1 25 | 5.9% | -2.5% | ||
| Q4 24 | — | -23.2% | ||
| Q3 24 | 7.8% | 14.8% | ||
| Q2 24 | 5.8% | 16.8% | ||
| Q1 24 | 7.2% | 12.1% |
| Q4 25 | $0.09 | $-6.23 | ||
| Q3 25 | $0.20 | $0.71 | ||
| Q2 25 | $0.18 | $0.67 | ||
| Q1 25 | $0.14 | $-0.14 | ||
| Q4 24 | $0.16 | $-1.86 | ||
| Q3 24 | $0.19 | $1.07 | ||
| Q2 24 | $0.14 | $1.43 | ||
| Q1 24 | $0.17 | $0.92 |
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 | $18.5M |
| Total DebtLower is stronger | — | $245.9M |
| Stockholders' EquityBook value | $354.0M | $718.4M |
| Total Assets | $520.4M | $1.2B |
| Debt / EquityLower = less leverage | — | 0.34× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $18.5M | ||
| Q3 25 | $53.5M | $13.4M | ||
| Q2 25 | $52.1M | $17.3M | ||
| Q1 25 | $77.3M | $20.1M | ||
| Q4 24 | $59.5M | $25.3M | ||
| Q3 24 | $57.5M | $20.8M | ||
| Q2 24 | $46.1M | $21.0M | ||
| Q1 24 | $52.4M | $19.5M |
| Q4 25 | — | $245.9M | ||
| Q3 25 | — | $262.3M | ||
| Q2 25 | — | $290.7M | ||
| Q1 25 | — | $290.7M | ||
| Q4 24 | — | $317.1M | ||
| Q3 24 | — | $283.6M | ||
| Q2 24 | — | $303.0M | ||
| Q1 24 | — | $294.4M |
| Q4 25 | $354.0M | $718.4M | ||
| Q3 25 | $349.2M | $855.2M | ||
| Q2 25 | $350.6M | $841.8M | ||
| Q1 25 | $362.8M | $828.3M | ||
| Q4 24 | $359.4M | $834.2M | ||
| Q3 24 | $355.5M | $914.5M | ||
| Q2 24 | $349.2M | $894.5M | ||
| Q1 24 | $344.9M | $867.0M |
| Q4 25 | $520.4M | $1.2B | ||
| Q3 25 | $499.9M | $1.4B | ||
| Q2 25 | $500.1M | $1.4B | ||
| Q1 25 | $524.0M | $1.4B | ||
| Q4 24 | $510.8M | $1.4B | ||
| Q3 24 | $502.8M | $1.4B | ||
| Q2 24 | $499.6M | $1.4B | ||
| Q1 24 | $511.6M | $1.4B |
| Q4 25 | — | 0.34× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.35× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.38× | ||
| Q3 24 | — | 0.31× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.34× |
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 | $29.1M |
| Free Cash FlowOCF − Capex | $13.0M | $24.3M |
| FCF MarginFCF / Revenue | 16.3% | 17.5% |
| Capex IntensityCapex / Revenue | 0.3% | 3.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $76.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $29.1M | ||
| Q3 25 | $18.0M | $36.1M | ||
| Q2 25 | $5.0M | $11.7M | ||
| Q1 25 | $27.1M | $44.7M | ||
| Q4 24 | $11.2M | $28.8M | ||
| Q3 24 | $19.1M | $43.9M | ||
| Q2 24 | $6.5M | $5.0M | ||
| Q1 24 | $20.9M | $24.6M |
| Q4 25 | $13.0M | $24.3M | ||
| Q3 25 | $17.9M | $27.6M | ||
| Q2 25 | $2.7M | $-557.0K | ||
| Q1 25 | $26.0M | $24.8M | ||
| Q4 24 | $11.0M | $10.4M | ||
| Q3 24 | $18.8M | $24.5M | ||
| Q2 24 | $6.3M | $-1.4M | ||
| Q1 24 | $20.2M | $-2.4M |
| Q4 25 | 16.3% | 17.5% | ||
| Q3 25 | 23.4% | 21.1% | ||
| Q2 25 | 3.6% | -0.4% | ||
| Q1 25 | 35.4% | 20.4% | ||
| Q4 24 | 14.8% | 5.8% | ||
| Q3 24 | 25.8% | 15.2% | ||
| Q2 24 | 8.8% | -0.7% | ||
| Q1 24 | 27.8% | -1.4% |
| Q4 25 | 0.3% | 3.5% | ||
| Q3 25 | 0.1% | 6.5% | ||
| Q2 25 | 3.1% | 8.4% | ||
| Q1 25 | 1.4% | 16.4% | ||
| Q4 24 | 0.3% | 10.1% | ||
| Q3 24 | 0.4% | 12.0% | ||
| Q2 24 | 0.2% | 3.3% | ||
| Q1 24 | 1.0% | 15.8% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | 2.34× | ||
| Q2 25 | 0.93× | 0.81× | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | 1.84× | ||
| Q2 24 | 1.55× | 0.15× | ||
| Q1 24 | 4.01× | 1.19× |
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% |
MGPI
| Branded Spirits | $63.4M | 46% |
| Ingredient Solutions | $31.3M | 23% |
| Specialty Wheat Starches | $16.8M | 12% |
| Mid Spirits | $16.1M | 12% |
| Other Branded Spirits | $8.0M | 6% |
| Commodity Wheat Starch | $2.3M | 2% |
