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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and OLAPLEX HOLDINGS, INC. (OLPX). Click either name above to swap in a different company.

OLAPLEX HOLDINGS, INC. is the larger business by last-quarter revenue ($105.1M vs $79.7M, roughly 1.3× HEALTHSTREAM INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $13.0M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs 3.1%).

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.

Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.

HSTM vs OLPX — Head-to-Head

Bigger by revenue
OLPX
OLPX
1.3× larger
OLPX
$105.1M
$79.7M
HSTM
Growing faster (revenue YoY)
HSTM
HSTM
+3.0% gap
HSTM
7.4%
4.3%
OLPX
More free cash flow
OLPX
OLPX
$19.6M more FCF
OLPX
$32.6M
$13.0M
HSTM
Faster 2-yr revenue CAGR
HSTM
HSTM
Annualised
HSTM
4.7%
3.1%
OLPX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSTM
HSTM
OLPX
OLPX
Revenue
$79.7M
$105.1M
Net Profit
$-13.1M
Gross Margin
68.0%
Operating Margin
3.0%
-4.3%
Net Margin
-12.5%
Revenue YoY
7.4%
4.3%
Net Profit YoY
-48.9%
EPS (diluted)
$0.09
$-0.02

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
OLPX
OLPX
Q4 25
$79.7M
$105.1M
Q3 25
$76.5M
$114.6M
Q2 25
$74.4M
$106.3M
Q1 25
$73.5M
$97.0M
Q4 24
$74.2M
$100.7M
Q3 24
$73.1M
$119.1M
Q2 24
$71.6M
$103.9M
Q1 24
$72.8M
$98.9M
Net Profit
HSTM
HSTM
OLPX
OLPX
Q4 25
$-13.1M
Q3 25
$6.1M
$11.1M
Q2 25
$5.4M
$-7.7M
Q1 25
$4.3M
$465.0K
Q4 24
$-8.8M
Q3 24
$5.7M
$14.8M
Q2 24
$4.2M
$5.8M
Q1 24
$5.2M
$7.7M
Gross Margin
HSTM
HSTM
OLPX
OLPX
Q4 25
68.0%
Q3 25
69.1%
Q2 25
71.2%
Q1 25
69.5%
Q4 24
66.3%
Q3 24
68.6%
Q2 24
69.7%
Q1 24
72.1%
Operating Margin
HSTM
HSTM
OLPX
OLPX
Q4 25
3.0%
-4.3%
Q3 25
9.9%
3.7%
Q2 25
7.9%
-1.1%
Q1 25
6.0%
8.7%
Q4 24
6.3%
3.0%
Q3 24
8.9%
23.5%
Q2 24
6.2%
15.7%
Q1 24
7.8%
19.8%
Net Margin
HSTM
HSTM
OLPX
OLPX
Q4 25
-12.5%
Q3 25
8.0%
9.7%
Q2 25
7.2%
-7.3%
Q1 25
5.9%
0.5%
Q4 24
-8.7%
Q3 24
7.8%
12.4%
Q2 24
5.8%
5.6%
Q1 24
7.2%
7.8%
EPS (diluted)
HSTM
HSTM
OLPX
OLPX
Q4 25
$0.09
$-0.02
Q3 25
$0.20
$0.02
Q2 25
$0.18
$-0.01
Q1 25
$0.14
$0.00
Q4 24
$0.16
$-0.01
Q3 24
$0.19
$0.02
Q2 24
$0.14
$0.01
Q1 24
$0.17
$0.01

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
OLPX
OLPX
Cash + ST InvestmentsLiquidity on hand
$36.2M
$318.7M
Total DebtLower is stronger
$352.3M
Stockholders' EquityBook value
$354.0M
$879.4M
Total Assets
$520.4M
$1.5B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
OLPX
OLPX
Q4 25
$36.2M
$318.7M
Q3 25
$53.5M
$286.4M
Q2 25
$52.1M
$289.3M
Q1 25
$77.3M
$580.9M
Q4 24
$59.5M
$586.0M
Q3 24
$57.5M
$538.8M
Q2 24
$46.1M
$507.9M
Q1 24
$52.4M
$507.5M
Total Debt
HSTM
HSTM
OLPX
OLPX
Q4 25
$352.3M
Q3 25
$352.1M
Q2 25
$351.9M
Q1 25
$649.1M
Q4 24
$650.5M
Q3 24
$651.8M
Q2 24
$653.1M
Q1 24
$654.4M
Stockholders' Equity
HSTM
HSTM
OLPX
OLPX
Q4 25
$354.0M
$879.4M
Q3 25
$349.2M
$888.7M
Q2 25
$350.6M
$874.2M
Q1 25
$362.8M
$878.3M
Q4 24
$359.4M
$874.4M
Q3 24
$355.5M
$879.7M
Q2 24
$349.2M
$863.3M
Q1 24
$344.9M
$855.7M
Total Assets
HSTM
HSTM
OLPX
OLPX
Q4 25
$520.4M
$1.5B
Q3 25
$499.9M
$1.5B
Q2 25
$500.1M
$1.5B
Q1 25
$524.0M
$1.8B
Q4 24
$510.8M
$1.8B
Q3 24
$502.8M
$1.8B
Q2 24
$499.6M
$1.8B
Q1 24
$511.6M
$1.8B
Debt / Equity
HSTM
HSTM
OLPX
OLPX
Q4 25
0.40×
Q3 25
0.40×
Q2 25
0.40×
Q1 25
0.74×
Q4 24
0.74×
Q3 24
0.74×
Q2 24
0.76×
Q1 24
0.76×

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
OLPX
OLPX
Operating Cash FlowLast quarter
$13.2M
$32.7M
Free Cash FlowOCF − Capex
$13.0M
$32.6M
FCF MarginFCF / Revenue
16.3%
31.0%
Capex IntensityCapex / Revenue
0.3%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$59.6M
$58.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
OLPX
OLPX
Q4 25
$13.2M
$32.7M
Q3 25
$18.0M
$8.0M
Q2 25
$5.0M
$20.9M
Q1 25
$27.1M
$-2.9M
Q4 24
$11.2M
$49.7M
Q3 24
$19.1M
$33.5M
Q2 24
$6.5M
$16.2M
Q1 24
$20.9M
$43.7M
Free Cash Flow
HSTM
HSTM
OLPX
OLPX
Q4 25
$13.0M
$32.6M
Q3 25
$17.9M
$7.9M
Q2 25
$2.7M
$20.8M
Q1 25
$26.0M
$-3.0M
Q4 24
$11.0M
$49.2M
Q3 24
$18.8M
$33.3M
Q2 24
$6.3M
$16.1M
Q1 24
$20.2M
$43.3M
FCF Margin
HSTM
HSTM
OLPX
OLPX
Q4 25
16.3%
31.0%
Q3 25
23.4%
6.9%
Q2 25
3.6%
19.6%
Q1 25
35.4%
-3.1%
Q4 24
14.8%
48.9%
Q3 24
25.8%
28.0%
Q2 24
8.8%
15.5%
Q1 24
27.8%
43.7%
Capex Intensity
HSTM
HSTM
OLPX
OLPX
Q4 25
0.3%
0.1%
Q3 25
0.1%
0.1%
Q2 25
3.1%
0.1%
Q1 25
1.4%
0.0%
Q4 24
0.3%
0.4%
Q3 24
0.4%
0.1%
Q2 24
0.2%
0.1%
Q1 24
1.0%
0.5%
Cash Conversion
HSTM
HSTM
OLPX
OLPX
Q4 25
Q3 25
2.96×
0.72×
Q2 25
0.93×
Q1 25
6.25×
-6.27×
Q4 24
Q3 24
3.34×
2.26×
Q2 24
1.55×
2.81×
Q1 24
4.01×
5.64×

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%

OLPX
OLPX

Sales Channel Directly To Consumer$43.6M42%
Sales Channel Through Intermediary Professional$36.8M35%
Sales Channel Through Intermediary Specialty Retail$24.7M23%

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