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Side-by-side financial comparison of Heartflow, Inc. (HTFL) and Jerash Holdings (US), Inc. (JRSH). Click either name above to swap in a different company.

Heartflow, Inc. is the larger business by last-quarter revenue ($46.3M vs $41.8M, roughly 1.1× Jerash Holdings (US), Inc.). Jerash Holdings (US), Inc. runs the higher net margin — 2.8% vs -109.9%, a 112.7% gap on every dollar of revenue. Jerash Holdings (US), Inc. produced more free cash flow last quarter ($-3.9M vs $-4.2M).

HeartFlow, Inc. develops non-invasive cardiovascular diagnostic solutions for global healthcare providers. Its core product uses CT scan data to build 3D coronary artery models, assess blood flow to detect blockages, and support clinicians in making personalized heart disease treatment decisions without invasive procedures.

Jerash Holdings (US), Inc. is a global apparel manufacturer producing high-quality outerwear, sportswear, casual and performance apparel for renowned international retail and apparel brand clients. Its core markets cover North America, Europe and Asia Pacific, with manufacturing bases in Jordan and Southeast Asia.

HTFL vs JRSH — Head-to-Head

Bigger by revenue
HTFL
HTFL
1.1× larger
HTFL
$46.3M
$41.8M
JRSH
Higher net margin
JRSH
JRSH
112.7% more per $
JRSH
2.8%
-109.9%
HTFL
More free cash flow
JRSH
JRSH
$290.2K more FCF
JRSH
$-3.9M
$-4.2M
HTFL

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
HTFL
HTFL
JRSH
JRSH
Revenue
$46.3M
$41.8M
Net Profit
$-50.9M
$1.2M
Gross Margin
76.5%
16.9%
Operating Margin
-32.6%
4.7%
Net Margin
-109.9%
2.8%
Revenue YoY
18.0%
Net Profit YoY
20261.5%
EPS (diluted)
$-1.04
$0.09

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
HTFL
HTFL
JRSH
JRSH
Q4 25
$41.8M
Q3 25
$46.3M
$42.0M
Q2 25
$43.4M
$39.6M
Q1 25
$29.3M
Q4 24
$35.4M
Q3 24
$40.2M
Q2 24
$40.9M
Q1 24
$21.6M
Net Profit
HTFL
HTFL
JRSH
JRSH
Q4 25
$1.2M
Q3 25
$-50.9M
$461.6K
Q2 25
$-9.2M
$318.7K
Q1 25
$-152.6K
Q4 24
$-5.8K
Q3 24
$655.3K
Q2 24
$-1.3M
Q1 24
$-3.1M
Gross Margin
HTFL
HTFL
JRSH
JRSH
Q4 25
16.9%
Q3 25
76.5%
15.0%
Q2 25
75.5%
15.4%
Q1 25
17.9%
Q4 24
15.2%
Q3 24
17.5%
Q2 24
11.3%
Q1 24
7.0%
Operating Margin
HTFL
HTFL
JRSH
JRSH
Q4 25
4.7%
Q3 25
-32.6%
2.6%
Q2 25
-31.6%
2.4%
Q1 25
1.5%
Q4 24
2.0%
Q3 24
2.8%
Q2 24
-2.0%
Q1 24
-14.0%
Net Margin
HTFL
HTFL
JRSH
JRSH
Q4 25
2.8%
Q3 25
-109.9%
1.1%
Q2 25
-21.2%
0.8%
Q1 25
-0.5%
Q4 24
-0.0%
Q3 24
1.6%
Q2 24
-3.3%
Q1 24
-14.3%
EPS (diluted)
HTFL
HTFL
JRSH
JRSH
Q4 25
$0.09
Q3 25
$-1.04
$0.04
Q2 25
$-1.46
$0.03
Q1 25
$-0.01
Q4 24
$0.00
Q3 24
$0.05
Q2 24
$-0.11
Q1 24
$-0.25

Balance Sheet & Financial Strength

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

Metric
HTFL
HTFL
JRSH
JRSH
Cash + ST InvestmentsLiquidity on hand
$291.2M
$11.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.6M
$63.6M
Total Assets
$364.4M
$84.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTFL
HTFL
JRSH
JRSH
Q4 25
$11.5M
Q3 25
$291.2M
$12.0M
Q2 25
$80.2M
$5.8M
Q1 25
$13.3M
Q4 24
$13.2M
Q3 24
$16.3M
Q2 24
$11.4M
Q1 24
$12.4M
Stockholders' Equity
HTFL
HTFL
JRSH
JRSH
Q4 25
$63.6M
Q3 25
$254.6M
$62.8M
Q2 25
$-894.8M
$62.7M
Q1 25
$62.8M
Q4 24
$63.1M
Q3 24
$63.4M
Q2 24
$62.9M
Q1 24
$64.4M
Total Assets
HTFL
HTFL
JRSH
JRSH
Q4 25
$84.2M
Q3 25
$364.4M
$83.3M
Q2 25
$159.4M
$81.7M
Q1 25
$83.0M
Q4 24
$79.8M
Q3 24
$80.3M
Q2 24
$76.7M
Q1 24
$80.2M

Cash Flow & Capital Efficiency

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

Metric
HTFL
HTFL
JRSH
JRSH
Operating Cash FlowLast quarter
$-3.0M
$-3.8M
Free Cash FlowOCF − Capex
$-4.2M
$-3.9M
FCF MarginFCF / Revenue
-9.1%
-9.3%
Capex IntensityCapex / Revenue
2.7%
0.2%
Cash ConversionOCF / Net Profit
-3.25×
TTM Free Cash FlowTrailing 4 quarters
$-2.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTFL
HTFL
JRSH
JRSH
Q4 25
$-3.8M
Q3 25
$-3.0M
$6.8M
Q2 25
$-40.5M
$-6.5M
Q1 25
$1.9M
Q4 24
$-3.0M
Q3 24
$4.6M
Q2 24
$-2.2M
Q1 24
$-5.4M
Free Cash Flow
HTFL
HTFL
JRSH
JRSH
Q4 25
$-3.9M
Q3 25
$-4.2M
$6.4M
Q2 25
$-42.4M
$-6.9M
Q1 25
$1.5M
Q4 24
$-3.2M
Q3 24
$4.4M
Q2 24
$-2.3M
Q1 24
$-5.8M
FCF Margin
HTFL
HTFL
JRSH
JRSH
Q4 25
-9.3%
Q3 25
-9.1%
15.3%
Q2 25
-97.6%
-17.5%
Q1 25
5.1%
Q4 24
-8.9%
Q3 24
11.0%
Q2 24
-5.7%
Q1 24
-26.9%
Capex Intensity
HTFL
HTFL
JRSH
JRSH
Q4 25
0.2%
Q3 25
2.7%
0.9%
Q2 25
4.4%
1.2%
Q1 25
1.6%
Q4 24
0.4%
Q3 24
0.5%
Q2 24
0.3%
Q1 24
1.9%
Cash Conversion
HTFL
HTFL
JRSH
JRSH
Q4 25
-3.25×
Q3 25
14.72×
Q2 25
-20.33×
Q1 25
Q4 24
Q3 24
7.06×
Q2 24
Q1 24

Financial Flow Comparison

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

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