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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $50.3M, roughly 1.6× READING INTERNATIONAL INC). On growth, HEALTHSTREAM INC posted the faster year-over-year revenue change (7.4% vs -14.2%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $4.1M). Over the past eight quarters, READING INTERNATIONAL INC's revenue compounded faster (5.6% 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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
HSTM vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $50.3M |
| Net Profit | — | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 3.0% | -1.9% |
| Net Margin | — | -5.1% |
| Revenue YoY | 7.4% | -14.2% |
| Net Profit YoY | — | -14.5% |
| EPS (diluted) | $0.09 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $76.5M | $52.2M | ||
| Q2 25 | $74.4M | $60.4M | ||
| Q1 25 | $73.5M | $40.2M | ||
| Q4 24 | $74.2M | $58.6M | ||
| Q3 24 | $73.1M | $60.1M | ||
| Q2 24 | $71.6M | $46.8M | ||
| Q1 24 | $72.8M | $45.1M |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $6.1M | $-4.2M | ||
| Q2 25 | $5.4M | $-2.7M | ||
| Q1 25 | $4.3M | $-4.8M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | $5.7M | $-7.0M | ||
| Q2 24 | $4.2M | $-12.8M | ||
| Q1 24 | $5.2M | $-13.2M |
| Q4 25 | 3.0% | -1.9% | ||
| Q3 25 | 9.9% | -0.6% | ||
| Q2 25 | 7.9% | 4.8% | ||
| Q1 25 | 6.0% | -17.2% | ||
| Q4 24 | 6.3% | 2.6% | ||
| Q3 24 | 8.9% | -0.6% | ||
| Q2 24 | 6.2% | -16.4% | ||
| Q1 24 | 7.8% | -16.7% |
| Q4 25 | — | -5.1% | ||
| Q3 25 | 8.0% | -8.0% | ||
| Q2 25 | 7.2% | -4.4% | ||
| Q1 25 | 5.9% | -11.8% | ||
| Q4 24 | — | -3.8% | ||
| Q3 24 | 7.8% | -11.7% | ||
| Q2 24 | 5.8% | -27.4% | ||
| Q1 24 | 7.2% | -29.4% |
| Q4 25 | $0.09 | $-0.11 | ||
| Q3 25 | $0.20 | $-0.18 | ||
| Q2 25 | $0.18 | $-0.12 | ||
| Q1 25 | $0.14 | $-0.21 | ||
| Q4 24 | $0.16 | $-0.11 | ||
| Q3 24 | $0.19 | $-0.31 | ||
| Q2 24 | $0.14 | $-0.57 | ||
| Q1 24 | $0.17 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | — | $185.1M |
| Stockholders' EquityBook value | $354.0M | $-18.2M |
| Total Assets | $520.4M | $434.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $10.5M | ||
| Q3 25 | $53.5M | $8.1M | ||
| Q2 25 | $52.1M | $9.1M | ||
| Q1 25 | $77.3M | $5.9M | ||
| Q4 24 | $59.5M | $12.4M | ||
| Q3 24 | $57.5M | $10.1M | ||
| Q2 24 | $46.1M | $9.3M | ||
| Q1 24 | $52.4M | $7.5M |
| Q4 25 | — | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $354.0M | $-18.2M | ||
| Q3 25 | $349.2M | $-12.1M | ||
| Q2 25 | $350.6M | $-7.7M | ||
| Q1 25 | $362.8M | $-8.1M | ||
| Q4 24 | $359.4M | $-4.4M | ||
| Q3 24 | $355.5M | $1.6M | ||
| Q2 24 | $349.2M | $6.5M | ||
| Q1 24 | $344.9M | $18.0M |
| Q4 25 | $520.4M | $434.9M | ||
| Q3 25 | $499.9M | $435.2M | ||
| Q2 25 | $500.1M | $438.1M | ||
| Q1 25 | $524.0M | $441.0M | ||
| Q4 24 | $510.8M | $471.0M | ||
| Q3 24 | $502.8M | $495.7M | ||
| Q2 24 | $499.6M | $494.9M | ||
| Q1 24 | $511.6M | $494.9M |
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 | $4.3M |
| Free Cash FlowOCF − Capex | $13.0M | $4.1M |
| FCF MarginFCF / Revenue | 16.3% | 8.2% |
| Capex IntensityCapex / Revenue | 0.3% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $4.3M | ||
| Q3 25 | $18.0M | $295.0K | ||
| Q2 25 | $5.0M | $1.6M | ||
| Q1 25 | $27.1M | $-7.7M | ||
| Q4 24 | $11.2M | $8.0M | ||
| Q3 24 | $19.1M | $1.3M | ||
| Q2 24 | $6.5M | $-10.4M | ||
| Q1 24 | $20.9M | $-2.8M |
| Q4 25 | $13.0M | $4.1M | ||
| Q3 25 | $17.9M | $-246.0K | ||
| Q2 25 | $2.7M | $1.2M | ||
| Q1 25 | $26.0M | $-8.0M | ||
| Q4 24 | $11.0M | $7.0M | ||
| Q3 24 | $18.8M | $-1.1M | ||
| Q2 24 | $6.3M | $-10.6M | ||
| Q1 24 | $20.2M | $-4.7M |
| Q4 25 | 16.3% | 8.2% | ||
| Q3 25 | 23.4% | -0.5% | ||
| Q2 25 | 3.6% | 1.9% | ||
| Q1 25 | 35.4% | -19.8% | ||
| Q4 24 | 14.8% | 12.0% | ||
| Q3 24 | 25.8% | -1.8% | ||
| Q2 24 | 8.8% | -22.7% | ||
| Q1 24 | 27.8% | -10.4% |
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 0.1% | 1.0% | ||
| Q2 25 | 3.1% | 0.6% | ||
| Q1 25 | 1.4% | 0.6% | ||
| Q4 24 | 0.3% | 1.7% | ||
| Q3 24 | 0.4% | 4.0% | ||
| Q2 24 | 0.2% | 0.5% | ||
| Q1 24 | 1.0% | 4.3% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.34× | — | ||
| Q2 24 | 1.55× | — | ||
| 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% |
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
