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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and PETMED EXPRESS INC (PETS). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $40.7M, roughly 2.0× PETMED EXPRESS INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -23.3%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $-9.2M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -20.9%).
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.
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
HSTM vs PETS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $40.7M |
| Net Profit | — | $-10.6M |
| Gross Margin | — | 23.3% |
| Operating Margin | 3.0% | -25.7% |
| Net Margin | — | -26.0% |
| Revenue YoY | 7.4% | -23.3% |
| Net Profit YoY | — | -1392.6% |
| EPS (diluted) | $0.09 | $-0.50 |
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 | $40.7M | ||
| Q3 25 | $76.5M | $44.4M | ||
| Q2 25 | $74.4M | $51.2M | ||
| Q1 25 | $73.5M | $50.8M | ||
| Q4 24 | $74.2M | $52.0M | ||
| Q3 24 | $73.1M | $58.0M | ||
| Q2 24 | $71.6M | $66.2M | ||
| Q1 24 | $72.8M | $65.1M |
| Q4 25 | — | $-10.6M | ||
| Q3 25 | $6.1M | $-8.5M | ||
| Q2 25 | $5.4M | $-34.2M | ||
| Q1 25 | $4.3M | $-11.6M | ||
| Q4 24 | — | $-707.0K | ||
| Q3 24 | $5.7M | $2.3M | ||
| Q2 24 | $4.2M | $3.8M | ||
| Q1 24 | $5.2M | $-5.0M |
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 32.3% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | 3.0% | -25.7% | ||
| Q3 25 | 9.9% | -18.9% | ||
| Q2 25 | 7.9% | -66.7% | ||
| Q1 25 | 6.0% | -11.9% | ||
| Q4 24 | 6.3% | -0.9% | ||
| Q3 24 | 8.9% | 1.0% | ||
| Q2 24 | 6.2% | 6.6% | ||
| Q1 24 | 7.8% | -5.9% |
| Q4 25 | — | -26.0% | ||
| Q3 25 | 8.0% | -19.2% | ||
| Q2 25 | 7.2% | -66.7% | ||
| Q1 25 | 5.9% | -22.9% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | 7.8% | 4.0% | ||
| Q2 24 | 5.8% | 5.7% | ||
| Q1 24 | 7.2% | -7.7% |
| Q4 25 | $0.09 | $-0.50 | ||
| Q3 25 | $0.20 | $-0.41 | ||
| Q2 25 | $0.18 | $-1.65 | ||
| Q1 25 | $0.14 | $-0.56 | ||
| Q4 24 | $0.16 | $-0.03 | ||
| Q3 24 | $0.19 | $0.11 | ||
| Q2 24 | $0.14 | $0.18 | ||
| Q1 24 | $0.17 | $-0.24 |
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 | $26.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $354.0M | $32.8M |
| Total Assets | $520.4M | $88.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $26.9M | ||
| Q3 25 | $53.5M | $36.1M | ||
| Q2 25 | $52.1M | $41.1M | ||
| Q1 25 | $77.3M | $54.7M | ||
| Q4 24 | $59.5M | $50.1M | ||
| Q3 24 | $57.5M | $52.0M | ||
| Q2 24 | $46.1M | $46.0M | ||
| Q1 24 | $52.4M | $55.3M |
| Q4 25 | $354.0M | $32.8M | ||
| Q3 25 | $349.2M | $43.1M | ||
| Q2 25 | $350.6M | $51.5M | ||
| Q1 25 | $362.8M | $85.1M | ||
| Q4 24 | $359.4M | $96.2M | ||
| Q3 24 | $355.5M | $96.4M | ||
| Q2 24 | $349.2M | $93.5M | ||
| Q1 24 | $344.9M | $96.7M |
| Q4 25 | $520.4M | $88.0M | ||
| Q3 25 | $499.9M | $100.3M | ||
| Q2 25 | $500.1M | $109.8M | ||
| Q1 25 | $524.0M | $148.7M | ||
| Q4 24 | $510.8M | $144.8M | ||
| Q3 24 | $502.8M | $146.0M | ||
| Q2 24 | $499.6M | $152.7M | ||
| Q1 24 | $511.6M | $169.9M |
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 | $-9.2M |
| Free Cash FlowOCF − Capex | $13.0M | $-9.2M |
| FCF MarginFCF / Revenue | 16.3% | -22.7% |
| Capex IntensityCapex / Revenue | 0.3% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-23.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $-9.2M | ||
| Q3 25 | $18.0M | $-2.2M | ||
| Q2 25 | $5.0M | $-12.3M | ||
| Q1 25 | $27.1M | $7.0M | ||
| Q4 24 | $11.2M | $-1.2M | ||
| Q3 24 | $19.1M | $7.4M | ||
| Q2 24 | $6.5M | $-8.5M | ||
| Q1 24 | $20.9M | $7.1M |
| Q4 25 | $13.0M | $-9.2M | ||
| Q3 25 | $17.9M | $-4.8M | ||
| Q2 25 | $2.7M | $-13.6M | ||
| Q1 25 | $26.0M | $4.6M | ||
| Q4 24 | $11.0M | $-1.9M | ||
| Q3 24 | $18.8M | $6.1M | ||
| Q2 24 | $6.3M | $-9.2M | ||
| Q1 24 | $20.2M | $5.9M |
| Q4 25 | 16.3% | -22.7% | ||
| Q3 25 | 23.4% | -10.8% | ||
| Q2 25 | 3.6% | -26.5% | ||
| Q1 25 | 35.4% | 9.1% | ||
| Q4 24 | 14.8% | -3.7% | ||
| Q3 24 | 25.8% | 10.6% | ||
| Q2 24 | 8.8% | -13.9% | ||
| Q1 24 | 27.8% | 9.0% |
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 0.1% | 5.9% | ||
| Q2 25 | 3.1% | 2.5% | ||
| Q1 25 | 1.4% | 4.7% | ||
| Q4 24 | 0.3% | 1.5% | ||
| Q3 24 | 0.4% | 2.2% | ||
| Q2 24 | 0.2% | 1.0% | ||
| Q1 24 | 1.0% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | 3.18× | ||
| Q2 24 | 1.55× | -2.27× | ||
| Q1 24 | 4.01× | — |
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% |
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
