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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and SolarMax Technology, Inc. (SMXT). Click either name above to swap in a different company.

HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $46.6M, roughly 1.7× SolarMax Technology, Inc.). On growth, SolarMax Technology, Inc. posted the faster year-over-year revenue change (623.5% vs 7.4%).

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.

SolarMax Technology, Inc. develops, manufactures and sells high-efficiency solar PV modules and clean energy systems. It serves residential, commercial and industrial clients in North America and key Asia-Pacific markets, offering installation and after-sales support to boost low-carbon energy use.

HSTM vs SMXT — Head-to-Head

Bigger by revenue
HSTM
HSTM
1.7× larger
HSTM
$79.7M
$46.6M
SMXT
Growing faster (revenue YoY)
SMXT
SMXT
+616.1% gap
SMXT
623.5%
7.4%
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSTM
HSTM
SMXT
SMXT
Revenue
$79.7M
$46.6M
Net Profit
$-872.2K
Gross Margin
2.7%
Operating Margin
3.0%
-2.7%
Net Margin
-1.9%
Revenue YoY
7.4%
623.5%
Net Profit YoY
77.7%
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
SMXT
SMXT
Q4 25
$79.7M
$46.6M
Q3 25
$76.5M
$30.6M
Q2 25
$74.4M
$6.9M
Q1 25
$73.5M
$6.9M
Q4 24
$74.2M
$6.4M
Q3 24
$73.1M
$6.3M
Q2 24
$71.6M
Q1 24
$72.8M
Net Profit
HSTM
HSTM
SMXT
SMXT
Q4 25
$-872.2K
Q3 25
$6.1M
$-2.3M
Q2 25
$5.4M
$-1.9M
Q1 25
$4.3M
$-1.3M
Q4 24
$-3.9M
Q3 24
$5.7M
$-9.6M
Q2 24
$4.2M
Q1 24
$5.2M
Gross Margin
HSTM
HSTM
SMXT
SMXT
Q4 25
2.7%
Q3 25
3.1%
Q2 25
8.8%
Q1 25
20.5%
Q4 24
14.5%
Q3 24
19.9%
Q2 24
Q1 24
Operating Margin
HSTM
HSTM
SMXT
SMXT
Q4 25
3.0%
-2.7%
Q3 25
9.9%
-6.9%
Q2 25
7.9%
-25.7%
Q1 25
6.0%
-16.7%
Q4 24
6.3%
-27.9%
Q3 24
8.9%
-158.4%
Q2 24
6.2%
Q1 24
7.8%
Net Margin
HSTM
HSTM
SMXT
SMXT
Q4 25
-1.9%
Q3 25
8.0%
-7.4%
Q2 25
7.2%
-27.6%
Q1 25
5.9%
-18.7%
Q4 24
-60.6%
Q3 24
7.8%
-152.0%
Q2 24
5.8%
Q1 24
7.2%
EPS (diluted)
HSTM
HSTM
SMXT
SMXT
Q4 25
$0.09
$-0.02
Q3 25
$0.20
$-0.04
Q2 25
$0.18
$-0.04
Q1 25
$0.14
$-0.03
Q4 24
$0.16
$-0.07
Q3 24
$0.19
$-0.21
Q2 24
$0.14
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
SMXT
SMXT
Cash + ST InvestmentsLiquidity on hand
$36.2M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.0M
$-12.2M
Total Assets
$520.4M
$91.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
SMXT
SMXT
Q4 25
$36.2M
$8.0M
Q3 25
$53.5M
$5.7M
Q2 25
$52.1M
$1.9M
Q1 25
$77.3M
$6.8M
Q4 24
$59.5M
$7.1M
Q3 24
$57.5M
$8.6M
Q2 24
$46.1M
Q1 24
$52.4M
Stockholders' Equity
HSTM
HSTM
SMXT
SMXT
Q4 25
$354.0M
$-12.2M
Q3 25
$349.2M
$-11.8M
Q2 25
$350.6M
$-15.1M
Q1 25
$362.8M
$-15.9M
Q4 24
$359.4M
$-15.1M
Q3 24
$355.5M
$-10.9M
Q2 24
$349.2M
Q1 24
$344.9M
Total Assets
HSTM
HSTM
SMXT
SMXT
Q4 25
$520.4M
$91.3M
Q3 25
$499.9M
$58.7M
Q2 25
$500.1M
$38.2M
Q1 25
$524.0M
$38.6M
Q4 24
$510.8M
$38.6M
Q3 24
$502.8M
$43.0M
Q2 24
$499.6M
Q1 24
$511.6M

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
SMXT
SMXT
Operating Cash FlowLast quarter
$13.2M
$-2.5M
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.

Operating Cash Flow
HSTM
HSTM
SMXT
SMXT
Q4 25
$13.2M
$-2.5M
Q3 25
$18.0M
$3.4M
Q2 25
$5.0M
$220.7K
Q1 25
$27.1M
$-601.1K
Q4 24
$11.2M
$-1.3M
Q3 24
$19.1M
$203.6K
Q2 24
$6.5M
Q1 24
$20.9M
Free Cash Flow
HSTM
HSTM
SMXT
SMXT
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 24
$20.2M
FCF Margin
HSTM
HSTM
SMXT
SMXT
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 24
27.8%
Capex Intensity
HSTM
HSTM
SMXT
SMXT
Q4 25
0.3%
Q3 25
0.1%
Q2 25
3.1%
Q1 25
1.4%
Q4 24
0.3%
Q3 24
0.4%
0.0%
Q2 24
0.2%
Q1 24
1.0%
Cash Conversion
HSTM
HSTM
SMXT
SMXT
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
HSTM

Subscription Services$77.0M97%
Professional Services$2.7M3%

SMXT
SMXT

Yabucoa$35.9M77%
Other$10.7M23%

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