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Side-by-side financial comparison of HYDROFARM HOLDINGS GROUP, INC. (HYFM) and RBB Bancorp (RBB). Click either name above to swap in a different company.

RBB Bancorp is the larger business by last-quarter revenue ($32.3M vs $25.1M, roughly 1.3× HYDROFARM HOLDINGS GROUP, INC.). RBB Bancorp runs the higher net margin — 31.5% vs -963.9%, a 995.4% gap on every dollar of revenue. On growth, RBB Bancorp posted the faster year-over-year revenue change (12.6% vs -32.7%). RBB Bancorp produced more free cash flow last quarter ($42.6M vs $-4.3M). Over the past eight quarters, RBB Bancorp's revenue compounded faster (7.0% CAGR vs -31.9%).

Hydrofarm Inc. (HYFM) is an American company specializing in the distribution and manufacture of controlled environment agriculture equipment and supplies.

RBB Bancorp is a US-based financial holding company that operates Royal Business Bank as its primary banking subsidiary. It caters mainly to Asian American communities, small and medium-sized enterprises, real estate investors, and retail clients, offering comprehensive commercial banking, consumer lending, deposit services, and wealth management solutions across branches in key US coastal metropolitan areas.

HYFM vs RBB — Head-to-Head

Bigger by revenue
RBB
RBB
1.3× larger
RBB
$32.3M
$25.1M
HYFM
Growing faster (revenue YoY)
RBB
RBB
+45.2% gap
RBB
12.6%
-32.7%
HYFM
Higher net margin
RBB
RBB
995.4% more per $
RBB
31.5%
-963.9%
HYFM
More free cash flow
RBB
RBB
$46.9M more FCF
RBB
$42.6M
$-4.3M
HYFM
Faster 2-yr revenue CAGR
RBB
RBB
Annualised
RBB
7.0%
-31.9%
HYFM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HYFM
HYFM
RBB
RBB
Revenue
$25.1M
$32.3M
Net Profit
$-242.2M
$10.2M
Gross Margin
8.5%
Operating Margin
-953.8%
39.5%
Net Margin
-963.9%
31.5%
Revenue YoY
-32.7%
12.6%
Net Profit YoY
-1282.7%
132.1%
EPS (diluted)
$-52.09
$0.59

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
HYFM
HYFM
RBB
RBB
Q4 25
$25.1M
$32.3M
Q3 25
$29.4M
$32.6M
Q2 25
$39.2M
$35.8M
Q1 25
$40.5M
$28.5M
Q4 24
$37.3M
$28.7M
Q3 24
$44.0M
$30.3M
Q2 24
$54.8M
$27.5M
Q1 24
$54.2M
$28.2M
Net Profit
HYFM
HYFM
RBB
RBB
Q4 25
$-242.2M
$10.2M
Q3 25
$-16.4M
$10.1M
Q2 25
$-16.9M
$9.3M
Q1 25
$-14.4M
$2.3M
Q4 24
$-17.5M
$4.4M
Q3 24
$-13.1M
$7.0M
Q2 24
$-23.4M
$7.2M
Q1 24
$-12.6M
$8.0M
Gross Margin
HYFM
HYFM
RBB
RBB
Q4 25
8.5%
Q3 25
11.6%
Q2 25
7.1%
Q1 25
17.0%
Q4 24
4.9%
Q3 24
19.4%
Q2 24
19.8%
Q1 24
20.2%
Operating Margin
HYFM
HYFM
RBB
RBB
Q4 25
-953.8%
39.5%
Q3 25
-44.1%
40.7%
Q2 25
-34.0%
36.1%
Q1 25
-27.1%
11.2%
Q4 24
-40.5%
17.6%
Q3 24
-20.5%
31.6%
Q2 24
-35.3%
35.6%
Q1 24
-16.1%
39.9%
Net Margin
HYFM
HYFM
RBB
RBB
Q4 25
-963.9%
31.5%
Q3 25
-55.8%
31.2%
Q2 25
-43.0%
26.1%
Q1 25
-35.5%
8.0%
Q4 24
-46.9%
15.3%
Q3 24
-29.9%
23.1%
Q2 24
-42.8%
26.4%
Q1 24
-23.3%
28.4%
EPS (diluted)
HYFM
HYFM
RBB
RBB
Q4 25
$-52.09
$0.59
Q3 25
$-3.51
$0.59
Q2 25
$-3.63
$0.52
Q1 25
$-3.12
$0.13
Q4 24
$-3.80
$0.26
Q3 24
$-2.86
$0.39
Q2 24
$-5.10
$0.39
Q1 24
$-2.75
$0.43

Balance Sheet & Financial Strength

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

Metric
HYFM
HYFM
RBB
RBB
Cash + ST InvestmentsLiquidity on hand
$6.3M
$212.3M
Total DebtLower is stronger
$50.0K
$119.9M
Stockholders' EquityBook value
$-63.3M
$523.4M
Total Assets
$123.8M
$4.2B
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HYFM
HYFM
RBB
RBB
Q4 25
$6.3M
$212.3M
Q3 25
$10.7M
$234.9M
Q2 25
$11.0M
$191.9M
Q1 25
$13.7M
$238.8M
Q4 24
$26.1M
$257.7M
Q3 24
$24.4M
$349.4M
Q2 24
$30.3M
$252.8M
Q1 24
$24.2M
Total Debt
HYFM
HYFM
RBB
RBB
Q4 25
$50.0K
$119.9M
Q3 25
$111.7M
$119.8M
Q2 25
$111.6M
$119.7M
Q1 25
$110.0M
$119.6M
Q4 24
$114.7M
$119.5M
Q3 24
$114.8M
$119.4M
Q2 24
$114.9M
$119.3M
Q1 24
$115.4M
$119.2M
Stockholders' Equity
HYFM
HYFM
RBB
RBB
Q4 25
$-63.3M
$523.4M
Q3 25
$178.3M
$514.3M
Q2 25
$195.0M
$517.7M
Q1 25
$209.9M
$510.3M
Q4 24
$223.7M
$507.9M
Q3 24
$243.0M
$509.7M
Q2 24
$255.0M
$511.3M
Q1 24
$278.0M
$514.0M
Total Assets
HYFM
HYFM
RBB
RBB
Q4 25
$123.8M
$4.2B
Q3 25
$369.7M
$4.2B
Q2 25
$389.9M
$4.1B
Q1 25
$410.6M
$4.0B
Q4 24
$426.1M
$4.0B
Q3 24
$445.9M
$4.0B
Q2 24
$463.4M
$3.9B
Q1 24
$494.0M
$3.9B
Debt / Equity
HYFM
HYFM
RBB
RBB
Q4 25
0.23×
Q3 25
0.63×
0.23×
Q2 25
0.57×
0.23×
Q1 25
0.52×
0.23×
Q4 24
0.51×
0.24×
Q3 24
0.47×
0.23×
Q2 24
0.45×
0.23×
Q1 24
0.42×
0.23×

Cash Flow & Capital Efficiency

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

Metric
HYFM
HYFM
RBB
RBB
Operating Cash FlowLast quarter
$-4.0M
$43.4M
Free Cash FlowOCF − Capex
$-4.3M
$42.6M
FCF MarginFCF / Revenue
-17.1%
131.8%
Capex IntensityCapex / Revenue
1.3%
2.5%
Cash ConversionOCF / Net Profit
4.26×
TTM Free Cash FlowTrailing 4 quarters
$-15.1M
$73.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HYFM
HYFM
RBB
RBB
Q4 25
$-4.0M
$43.4M
Q3 25
$-37.0K
$2.1M
Q2 25
$1.7M
$21.7M
Q1 25
$-11.8M
$7.8M
Q4 24
$2.7M
$58.5M
Q3 24
$-4.5M
$24.5M
Q2 24
$3.8M
$11.7M
Q1 24
$-2.3M
$4.8M
Free Cash Flow
HYFM
HYFM
RBB
RBB
Q4 25
$-4.3M
$42.6M
Q3 25
$-207.0K
$1.8M
Q2 25
$1.4M
$21.6M
Q1 25
$-12.0M
$7.6M
Q4 24
$2.4M
$57.7M
Q3 24
$-5.3M
$24.2M
Q2 24
$3.4M
$11.5M
Q1 24
$-3.7M
$4.7M
FCF Margin
HYFM
HYFM
RBB
RBB
Q4 25
-17.1%
131.8%
Q3 25
-0.7%
5.4%
Q2 25
3.7%
60.2%
Q1 25
-29.6%
26.7%
Q4 24
6.4%
201.0%
Q3 24
-12.0%
80.0%
Q2 24
6.2%
42.0%
Q1 24
-6.9%
16.6%
Capex Intensity
HYFM
HYFM
RBB
RBB
Q4 25
1.3%
2.5%
Q3 25
0.6%
1.1%
Q2 25
0.7%
0.3%
Q1 25
0.6%
0.6%
Q4 24
0.7%
2.7%
Q3 24
1.8%
0.8%
Q2 24
0.7%
0.5%
Q1 24
2.7%
0.5%
Cash Conversion
HYFM
HYFM
RBB
RBB
Q4 25
4.26×
Q3 25
0.21×
Q2 25
2.32×
Q1 25
3.39×
Q4 24
13.34×
Q3 24
3.50×
Q2 24
1.61×
Q1 24
0.60×

Financial Flow Comparison

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

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