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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $57.1M, roughly 1.4× NETSTREIT Corp.). On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs 7.4%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% 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.
NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.
HSTM vs NTST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $57.1M |
| Net Profit | — | $5.7M |
| Gross Margin | — | — |
| Operating Margin | 3.0% | 34.1% |
| Net Margin | — | 10.0% |
| Revenue YoY | 7.4% | 24.3% |
| Net Profit YoY | — | 235.9% |
| EPS (diluted) | $0.09 | $0.32 |
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.
| Q1 26 | — | $57.1M | ||
| Q4 25 | $79.7M | $52.5M | ||
| Q3 25 | $76.5M | $48.3M | ||
| Q2 25 | $74.4M | $48.3M | ||
| Q1 25 | $73.5M | $45.9M | ||
| Q4 24 | $74.2M | $44.1M | ||
| Q3 24 | $73.1M | $41.4M | ||
| Q2 24 | $71.6M | $39.6M |
| Q1 26 | — | $5.7M | ||
| Q4 25 | — | $1.3M | ||
| Q3 25 | $6.1M | $618.0K | ||
| Q2 25 | $5.4M | $3.3M | ||
| Q1 25 | $4.3M | $1.7M | ||
| Q4 24 | — | $-5.4M | ||
| Q3 24 | $5.7M | $-5.3M | ||
| Q2 24 | $4.2M | $-2.3M |
| Q1 26 | — | 34.1% | ||
| Q4 25 | 3.0% | 2.6% | ||
| Q3 25 | 9.9% | 1.3% | ||
| Q2 25 | 7.9% | 6.8% | ||
| Q1 25 | 6.0% | 3.7% | ||
| Q4 24 | 6.3% | -12.3% | ||
| Q3 24 | 8.9% | -12.8% | ||
| Q2 24 | 6.2% | -5.8% |
| Q1 26 | — | 10.0% | ||
| Q4 25 | — | 2.5% | ||
| Q3 25 | 8.0% | 1.3% | ||
| Q2 25 | 7.2% | 6.8% | ||
| Q1 25 | 5.9% | 3.7% | ||
| Q4 24 | — | -12.3% | ||
| Q3 24 | 7.8% | -12.8% | ||
| Q2 24 | 5.8% | -5.8% |
| Q1 26 | — | $0.32 | ||
| Q4 25 | $0.09 | $0.01 | ||
| Q3 25 | $0.20 | $0.01 | ||
| Q2 25 | $0.18 | $0.04 | ||
| Q1 25 | $0.14 | $0.02 | ||
| Q4 24 | $0.16 | $-0.07 | ||
| Q3 24 | $0.19 | $-0.07 | ||
| Q2 24 | $0.14 | $-0.03 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $354.0M | $1.5B |
| Total Assets | $520.4M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $1.1B | ||
| Q2 25 | — | $926.6M | ||
| Q1 25 | — | $913.3M | ||
| Q4 24 | — | $868.3M | ||
| Q3 24 | — | $778.7M | ||
| Q2 24 | — | $726.2M |
| Q1 26 | — | $1.5B | ||
| Q4 25 | $354.0M | $1.4B | ||
| Q3 25 | $349.2M | $1.3B | ||
| Q2 25 | $350.6M | $1.3B | ||
| Q1 25 | $362.8M | $1.3B | ||
| Q4 24 | $359.4M | $1.3B | ||
| Q3 24 | $355.5M | $1.3B | ||
| Q2 24 | $349.2M | $1.3B |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $520.4M | $2.6B | ||
| Q3 25 | $499.9M | $2.5B | ||
| Q2 25 | $500.1M | $2.3B | ||
| Q1 25 | $524.0M | $2.3B | ||
| Q4 24 | $510.8M | $2.3B | ||
| Q3 24 | $502.8M | $2.2B | ||
| Q2 24 | $499.6M | $2.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.76× | ||
| Q3 25 | — | 0.84× | ||
| Q2 25 | — | 0.70× | ||
| Q1 25 | — | 0.70× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.55× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $13.2M | $109.5M | ||
| Q3 25 | $18.0M | $28.0M | ||
| Q2 25 | $5.0M | $30.6M | ||
| Q1 25 | $27.1M | $22.1M | ||
| Q4 24 | $11.2M | $90.2M | ||
| Q3 24 | $19.1M | $25.1M | ||
| Q2 24 | $6.5M | $25.4M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 82.46× | ||
| Q3 25 | 2.96× | 45.27× | ||
| Q2 25 | 0.93× | 9.36× | ||
| Q1 25 | 6.25× | 13.06× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | — | ||
| Q2 24 | 1.55× | — |
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% |
NTST
| Rental revenue (including reimbursable) | $54.0M | 95% |
| Other | $3.0M | 5% |
