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Side-by-side financial comparison of HERITAGE COMMERCE CORP (HTBK) and SunPower Inc. (SPWR). Click either name above to swap in a different company.

SunPower Inc. is the larger business by last-quarter revenue ($79.7M vs $53.6M, roughly 1.5× HERITAGE COMMERCE CORP). HERITAGE COMMERCE CORP runs the higher net margin — 28.2% vs -17.8%, a 45.9% gap on every dollar of revenue. On growth, HERITAGE COMMERCE CORP posted the faster year-over-year revenue change (15.6% vs -10.1%). Over the past eight quarters, SunPower Inc.'s revenue compounded faster (118.7% CAGR vs 12.8%).

The United States Chamber of Commerce (USCC) is a business association advocacy group and is the largest lobbying group in the United States. The group was founded in April 23, 1912, out of local chambers of commerce at the urging of President William Howard Taft and his secretary of commerce and labor Charles Nagel. President Taft's belief was that the "government needed to deal with a group that could speak with authority for the interests of business."

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

HTBK vs SPWR — Head-to-Head

Bigger by revenue
SPWR
SPWR
1.5× larger
SPWR
$79.7M
$53.6M
HTBK
Growing faster (revenue YoY)
HTBK
HTBK
+25.7% gap
HTBK
15.6%
-10.1%
SPWR
Higher net margin
HTBK
HTBK
45.9% more per $
HTBK
28.2%
-17.8%
SPWR
Faster 2-yr revenue CAGR
SPWR
SPWR
Annualised
SPWR
118.7%
12.8%
HTBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HTBK
HTBK
SPWR
SPWR
Revenue
$53.6M
$79.7M
Net Profit
$15.1M
$-14.2M
Gross Margin
35.5%
Operating Margin
41.0%
-27.4%
Net Margin
28.2%
-17.8%
Revenue YoY
15.6%
-10.1%
Net Profit YoY
42.3%
-130.1%
EPS (diluted)
$0.25
$-0.05

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
HTBK
HTBK
SPWR
SPWR
Q4 25
$53.6M
$79.7M
Q3 25
$50.0M
$22.0M
Q2 25
$47.8M
$67.5M
Q1 25
$46.1M
$82.7M
Q4 24
$46.4M
$88.7M
Q3 24
$42.2M
Q2 24
$41.7M
Q1 24
$42.1M
Net Profit
HTBK
HTBK
SPWR
SPWR
Q4 25
$15.1M
$-14.2M
Q3 25
$14.7M
$-16.9M
Q2 25
$6.4M
$-22.4M
Q1 25
$11.6M
$8.1M
Q4 24
$10.6M
$47.0M
Q3 24
$10.5M
Q2 24
$9.2M
Q1 24
$10.2M
Gross Margin
HTBK
HTBK
SPWR
SPWR
Q4 25
35.5%
Q3 25
Q2 25
42.6%
Q1 25
48.5%
Q4 24
46.5%
Q3 24
Q2 24
Q1 24
Operating Margin
HTBK
HTBK
SPWR
SPWR
Q4 25
41.0%
-27.4%
Q3 25
41.1%
-15.7%
Q2 25
18.7%
-4.0%
Q1 25
35.4%
1.3%
Q4 24
31.8%
-24.2%
Q3 24
34.3%
Q2 24
31.3%
Q1 24
34.2%
Net Margin
HTBK
HTBK
SPWR
SPWR
Q4 25
28.2%
-17.8%
Q3 25
29.4%
-76.9%
Q2 25
13.4%
-33.2%
Q1 25
25.2%
9.8%
Q4 24
22.9%
53.0%
Q3 24
24.9%
Q2 24
22.1%
Q1 24
24.1%
EPS (diluted)
HTBK
HTBK
SPWR
SPWR
Q4 25
$0.25
$-0.05
Q3 25
$0.24
$-0.19
Q2 25
$0.10
$-0.28
Q1 25
$0.19
$0.00
Q4 24
$0.17
$0.27
Q3 24
$0.17
Q2 24
$0.15
Q1 24
$0.17

Balance Sheet & Financial Strength

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

Metric
HTBK
HTBK
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$9.6M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$708.6M
$-90.1M
Total Assets
$5.8B
$241.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTBK
HTBK
SPWR
SPWR
Q4 25
$9.6M
Q3 25
$5.1M
Q2 25
$11.1M
Q1 25
$10.6M
Q4 24
$13.4M
Q3 24
Q2 24
Q1 24
Total Debt
HTBK
HTBK
SPWR
SPWR
Q4 25
$164.8M
Q3 25
$204.3M
Q2 25
$152.9M
Q1 25
Q4 24
$147.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HTBK
HTBK
SPWR
SPWR
Q4 25
$708.6M
$-90.1M
Q3 25
$700.0M
$-112.3M
Q2 25
$694.7M
$-107.2M
Q1 25
$696.2M
$-89.0M
Q4 24
$689.7M
$-97.5M
Q3 24
$685.4M
Q2 24
$679.2M
Q1 24
$676.3M
Total Assets
HTBK
HTBK
SPWR
SPWR
Q4 25
$5.8B
$241.2M
Q3 25
$5.6B
$208.3M
Q2 25
$5.5B
$163.1M
Q1 25
$5.5B
$147.8M
Q4 24
$5.6B
$144.5M
Q3 24
$5.6B
Q2 24
$5.3B
Q1 24
$5.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HTBK
HTBK
SPWR
SPWR
Operating Cash FlowLast quarter
$61.7M
$-1.9M
Free Cash FlowOCF − Capex
$61.3M
FCF MarginFCF / Revenue
114.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTBK
HTBK
SPWR
SPWR
Q4 25
$61.7M
$-1.9M
Q3 25
$18.9M
$-6.4M
Q2 25
$8.0M
$-4.4M
Q1 25
$14.8M
$-2.6M
Q4 24
$39.0M
$-25.6M
Q3 24
$5.3M
Q2 24
$10.5M
Q1 24
$7.3M
Free Cash Flow
HTBK
HTBK
SPWR
SPWR
Q4 25
$61.3M
Q3 25
$18.8M
Q2 25
Q1 25
Q4 24
$37.3M
Q3 24
$4.9M
Q2 24
$9.9M
Q1 24
$6.9M
FCF Margin
HTBK
HTBK
SPWR
SPWR
Q4 25
114.3%
Q3 25
37.7%
Q2 25
Q1 25
Q4 24
80.5%
Q3 24
11.6%
Q2 24
23.6%
Q1 24
16.4%
Capex Intensity
HTBK
HTBK
SPWR
SPWR
Q4 25
0.7%
Q3 25
0.1%
Q2 25
Q1 25
Q4 24
3.5%
Q3 24
1.0%
Q2 24
1.6%
Q1 24
1.0%
Cash Conversion
HTBK
HTBK
SPWR
SPWR
Q4 25
4.08×
Q3 25
1.28×
Q2 25
1.25×
Q1 25
1.28×
-0.32×
Q4 24
3.67×
-0.54×
Q3 24
0.50×
Q2 24
1.14×
Q1 24
0.72×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HTBK
HTBK

Segment breakdown not available.

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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