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Side-by-side financial comparison of Heartflow, Inc. (HTFL) and Nano Dimension Ltd. (NNDM). Click either name above to swap in a different company.

Nano Dimension Ltd. is the larger business by last-quarter revenue ($57.8M vs $46.3M, roughly 1.2× Heartflow, Inc.). Heartflow, Inc. runs the higher net margin — -109.9% vs -171.1%, a 61.2% gap on every dollar of revenue. Heartflow, Inc. produced more free cash flow last quarter ($-4.2M vs $-21.1M).

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.

Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.

HTFL vs NNDM — Head-to-Head

Bigger by revenue
NNDM
NNDM
1.2× larger
NNDM
$57.8M
$46.3M
HTFL
Higher net margin
HTFL
HTFL
61.2% more per $
HTFL
-109.9%
-171.1%
NNDM
More free cash flow
HTFL
HTFL
$16.9M more FCF
HTFL
$-4.2M
$-21.1M
NNDM

Income Statement — Q3 FY2025 vs Q4 FY2024

Metric
HTFL
HTFL
NNDM
NNDM
Revenue
$46.3M
$57.8M
Net Profit
$-50.9M
$-98.8M
Gross Margin
76.5%
43.1%
Operating Margin
-32.6%
-155.1%
Net Margin
-109.9%
-171.1%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-1.04
$-0.45

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
NNDM
NNDM
Q3 25
$46.3M
Q2 25
$43.4M
Q4 24
$57.8M
Q2 24
$28.4M
Q2 23
$29.7M
Net Profit
HTFL
HTFL
NNDM
NNDM
Q3 25
$-50.9M
Q2 25
$-9.2M
Q4 24
$-98.8M
Q2 24
$-79.2M
Q2 23
$12.6M
Gross Margin
HTFL
HTFL
NNDM
NNDM
Q3 25
76.5%
Q2 25
75.5%
Q4 24
43.1%
Q2 24
45.8%
Q2 23
44.0%
Operating Margin
HTFL
HTFL
NNDM
NNDM
Q3 25
-32.6%
Q2 25
-31.6%
Q4 24
-155.1%
Q2 24
Q2 23
Net Margin
HTFL
HTFL
NNDM
NNDM
Q3 25
-109.9%
Q2 25
-21.2%
Q4 24
-171.1%
Q2 24
-279.4%
Q2 23
42.3%
EPS (diluted)
HTFL
HTFL
NNDM
NNDM
Q3 25
$-1.04
Q2 25
$-1.46
Q4 24
$-0.45
Q2 24
$-0.35
Q2 23
$0.05

Balance Sheet & Financial Strength

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

Metric
HTFL
HTFL
NNDM
NNDM
Cash + ST InvestmentsLiquidity on hand
$291.2M
$317.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.6M
$860.0M
Total Assets
$364.4M
$902.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTFL
HTFL
NNDM
NNDM
Q3 25
$291.2M
Q2 25
$80.2M
Q4 24
$317.2M
Q2 24
$231.8M
Q2 23
$454.6M
Stockholders' Equity
HTFL
HTFL
NNDM
NNDM
Q3 25
$254.6M
Q2 25
$-894.8M
Q4 24
$860.0M
Q2 24
$870.3M
Q2 23
$1.1B
Total Assets
HTFL
HTFL
NNDM
NNDM
Q3 25
$364.4M
Q2 25
$159.4M
Q4 24
$902.5M
Q2 24
$911.0M
Q2 23
$1.2B

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
NNDM
NNDM
Operating Cash FlowLast quarter
$-3.0M
$-18.9M
Free Cash FlowOCF − Capex
$-4.2M
$-21.1M
FCF MarginFCF / Revenue
-9.1%
-36.5%
Capex IntensityCapex / Revenue
2.7%
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTFL
HTFL
NNDM
NNDM
Q3 25
$-3.0M
Q2 25
$-40.5M
Q4 24
$-18.9M
Q2 24
$-30.7M
Q2 23
$-56.1M
Free Cash Flow
HTFL
HTFL
NNDM
NNDM
Q3 25
$-4.2M
Q2 25
$-42.4M
Q4 24
$-21.1M
Q2 24
Q2 23
FCF Margin
HTFL
HTFL
NNDM
NNDM
Q3 25
-9.1%
Q2 25
-97.6%
Q4 24
-36.5%
Q2 24
Q2 23
Capex Intensity
HTFL
HTFL
NNDM
NNDM
Q3 25
2.7%
Q2 25
4.4%
Q4 24
3.8%
Q2 24
Q2 23
Cash Conversion
HTFL
HTFL
NNDM
NNDM
Q3 25
Q2 25
Q4 24
Q2 24
Q2 23
-4.47×

Financial Flow Comparison

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

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