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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) and Turning Point Brands, Inc. (TPB). Click either name above to swap in a different company.

Turning Point Brands, Inc. is the larger business by last-quarter revenue ($121.0M vs $79.7M, roughly 1.5× HEALTHSTREAM INC). On growth, Turning Point Brands, Inc. posted the faster year-over-year revenue change (29.2% vs 7.4%). Turning Point Brands, Inc. produced more free cash flow last quarter ($21.5M vs $13.0M). Over the past eight quarters, Turning Point Brands, Inc.'s revenue compounded faster (20.7% 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.

Turning Point Australia (TPAUS) is a conservative lobby group based in Australia, affiliated with Turning Point USA but independent of it. Founded by Joel Jammal and first registered in 2023, the group has become active in trying to influence the outcome of the 2026 South Australian state election in March 2026.

HSTM vs TPB — Head-to-Head

Bigger by revenue
TPB
TPB
1.5× larger
TPB
$121.0M
$79.7M
HSTM
Growing faster (revenue YoY)
TPB
TPB
+21.8% gap
TPB
29.2%
7.4%
HSTM
More free cash flow
TPB
TPB
$8.5M more FCF
TPB
$21.5M
$13.0M
HSTM
Faster 2-yr revenue CAGR
TPB
TPB
Annualised
TPB
20.7%
4.7%
HSTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HSTM
HSTM
TPB
TPB
Revenue
$79.7M
$121.0M
Net Profit
$8.2M
Gross Margin
55.9%
Operating Margin
3.0%
16.5%
Net Margin
6.8%
Revenue YoY
7.4%
29.2%
Net Profit YoY
239.8%
EPS (diluted)
$0.09
$0.40

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
TPB
TPB
Q4 25
$79.7M
$121.0M
Q3 25
$76.5M
$119.0M
Q2 25
$74.4M
$116.6M
Q1 25
$73.5M
$106.4M
Q4 24
$74.2M
$93.7M
Q3 24
$73.1M
$90.7M
Q2 24
$71.6M
$93.2M
Q1 24
$72.8M
$83.1M
Net Profit
HSTM
HSTM
TPB
TPB
Q4 25
$8.2M
Q3 25
$6.1M
$21.1M
Q2 25
$5.4M
$14.5M
Q1 25
$4.3M
$14.4M
Q4 24
$2.4M
Q3 24
$5.7M
$12.4M
Q2 24
$4.2M
$13.0M
Q1 24
$5.2M
$12.0M
Gross Margin
HSTM
HSTM
TPB
TPB
Q4 25
55.9%
Q3 25
59.2%
Q2 25
57.1%
Q1 25
56.0%
Q4 24
56.0%
Q3 24
55.6%
Q2 24
54.1%
Q1 24
58.2%
Operating Margin
HSTM
HSTM
TPB
TPB
Q4 25
3.0%
16.5%
Q3 25
9.9%
21.8%
Q2 25
7.9%
22.6%
Q1 25
6.0%
21.8%
Q4 24
6.3%
19.1%
Q3 24
8.9%
22.9%
Q2 24
6.2%
24.5%
Q1 24
7.8%
23.2%
Net Margin
HSTM
HSTM
TPB
TPB
Q4 25
6.8%
Q3 25
8.0%
17.7%
Q2 25
7.2%
12.4%
Q1 25
5.9%
13.5%
Q4 24
2.6%
Q3 24
7.8%
13.6%
Q2 24
5.8%
14.0%
Q1 24
7.2%
14.5%
EPS (diluted)
HSTM
HSTM
TPB
TPB
Q4 25
$0.09
$0.40
Q3 25
$0.20
$1.13
Q2 25
$0.18
$0.79
Q1 25
$0.14
$0.79
Q4 24
$0.16
$0.15
Q3 24
$0.19
$0.68
Q2 24
$0.14
$0.68
Q1 24
$0.17
$0.63

Balance Sheet & Financial Strength

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

Metric
HSTM
HSTM
TPB
TPB
Cash + ST InvestmentsLiquidity on hand
$36.2M
$222.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.0M
$372.0M
Total Assets
$520.4M
$763.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HSTM
HSTM
TPB
TPB
Q4 25
$36.2M
$222.8M
Q3 25
$53.5M
$201.2M
Q2 25
$52.1M
$109.9M
Q1 25
$77.3M
$99.6M
Q4 24
$59.5M
$48.9M
Q3 24
$57.5M
$33.6M
Q2 24
$46.1M
$142.2M
Q1 24
$52.4M
$130.9M
Stockholders' Equity
HSTM
HSTM
TPB
TPB
Q4 25
$354.0M
$372.0M
Q3 25
$349.2M
$358.2M
Q2 25
$350.6M
$224.8M
Q1 25
$362.8M
$203.4M
Q4 24
$359.4M
$190.4M
Q3 24
$355.5M
$185.7M
Q2 24
$349.2M
$172.8M
Q1 24
$344.9M
$160.0M
Total Assets
HSTM
HSTM
TPB
TPB
Q4 25
$520.4M
$763.8M
Q3 25
$499.9M
$742.8M
Q2 25
$500.1M
$595.8M
Q1 25
$524.0M
$564.6M
Q4 24
$510.8M
$493.4M
Q3 24
$502.8M
$488.0M
Q2 24
$499.6M
$591.6M
Q1 24
$511.6M
$586.3M

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
TPB
TPB
Operating Cash FlowLast quarter
$13.2M
$24.9M
Free Cash FlowOCF − Capex
$13.0M
$21.5M
FCF MarginFCF / Revenue
16.3%
17.8%
Capex IntensityCapex / Revenue
0.3%
2.8%
Cash ConversionOCF / Net Profit
3.03×
TTM Free Cash FlowTrailing 4 quarters
$59.6M
$43.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HSTM
HSTM
TPB
TPB
Q4 25
$13.2M
$24.9M
Q3 25
$18.0M
$3.3M
Q2 25
$5.0M
$11.8M
Q1 25
$27.1M
$17.4M
Q4 24
$11.2M
$17.7M
Q3 24
$19.1M
$13.2M
Q2 24
$6.5M
$13.4M
Q1 24
$20.9M
$22.6M
Free Cash Flow
HSTM
HSTM
TPB
TPB
Q4 25
$13.0M
$21.5M
Q3 25
$17.9M
$-721.0K
Q2 25
$2.7M
$7.8M
Q1 25
$26.0M
$15.2M
Q4 24
$11.0M
$16.6M
Q3 24
$18.8M
$12.6M
Q2 24
$6.3M
$10.9M
Q1 24
$20.2M
$22.3M
FCF Margin
HSTM
HSTM
TPB
TPB
Q4 25
16.3%
17.8%
Q3 25
23.4%
-0.6%
Q2 25
3.6%
6.7%
Q1 25
35.4%
14.3%
Q4 24
14.8%
17.8%
Q3 24
25.8%
13.9%
Q2 24
8.8%
11.7%
Q1 24
27.8%
26.8%
Capex Intensity
HSTM
HSTM
TPB
TPB
Q4 25
0.3%
2.8%
Q3 25
0.1%
3.4%
Q2 25
3.1%
3.4%
Q1 25
1.4%
2.1%
Q4 24
0.3%
1.2%
Q3 24
0.4%
0.7%
Q2 24
0.2%
2.7%
Q1 24
1.0%
0.4%
Cash Conversion
HSTM
HSTM
TPB
TPB
Q4 25
3.03×
Q3 25
2.96×
0.16×
Q2 25
0.93×
0.82×
Q1 25
6.25×
1.21×
Q4 24
7.34×
Q3 24
3.34×
1.07×
Q2 24
1.55×
1.03×
Q1 24
4.01×
1.89×

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%

TPB
TPB

US$111.5M92%
Non Us$9.6M8%

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