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

RxSight, Inc. is the larger business by last-quarter revenue ($32.6M vs $25.1M, roughly 1.3× HYDROFARM HOLDINGS GROUP, INC.). RxSight, Inc. runs the higher net margin — -28.1% vs -963.9%, a 935.8% gap on every dollar of revenue. On growth, RxSight, Inc. posted the faster year-over-year revenue change (-18.9% vs -32.7%). RxSight, Inc. produced more free cash flow last quarter ($-2.3M vs $-4.3M). Over the past eight quarters, RxSight, Inc.'s revenue compounded faster (5.1% CAGR vs -31.9%).

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

RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.

HYFM vs RXST — Head-to-Head

Bigger by revenue
RXST
RXST
1.3× larger
RXST
$32.6M
$25.1M
HYFM
Growing faster (revenue YoY)
RXST
RXST
+13.8% gap
RXST
-18.9%
-32.7%
HYFM
Higher net margin
RXST
RXST
935.8% more per $
RXST
-28.1%
-963.9%
HYFM
More free cash flow
RXST
RXST
$2.1M more FCF
RXST
$-2.3M
$-4.3M
HYFM
Faster 2-yr revenue CAGR
RXST
RXST
Annualised
RXST
5.1%
-31.9%
HYFM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HYFM
HYFM
RXST
RXST
Revenue
$25.1M
$32.6M
Net Profit
$-242.2M
$-9.2M
Gross Margin
8.5%
77.5%
Operating Margin
-953.8%
-34.8%
Net Margin
-963.9%
-28.1%
Revenue YoY
-32.7%
-18.9%
Net Profit YoY
-1282.7%
-54.1%
EPS (diluted)
$-52.09
$-0.22

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
RXST
RXST
Q4 25
$25.1M
$32.6M
Q3 25
$29.4M
$30.3M
Q2 25
$39.2M
$33.6M
Q1 25
$40.5M
$37.9M
Q4 24
$37.3M
$40.2M
Q3 24
$44.0M
$35.3M
Q2 24
$54.8M
$34.9M
Q1 24
$54.2M
$29.5M
Net Profit
HYFM
HYFM
RXST
RXST
Q4 25
$-242.2M
$-9.2M
Q3 25
$-16.4M
$-9.8M
Q2 25
$-16.9M
$-11.8M
Q1 25
$-14.4M
$-8.2M
Q4 24
$-17.5M
$-5.9M
Q3 24
$-13.1M
$-6.3M
Q2 24
$-23.4M
$-6.1M
Q1 24
$-12.6M
$-9.1M
Gross Margin
HYFM
HYFM
RXST
RXST
Q4 25
8.5%
77.5%
Q3 25
11.6%
79.9%
Q2 25
7.1%
74.9%
Q1 25
17.0%
74.8%
Q4 24
4.9%
71.6%
Q3 24
19.4%
71.4%
Q2 24
19.8%
69.5%
Q1 24
20.2%
70.1%
Operating Margin
HYFM
HYFM
RXST
RXST
Q4 25
-953.8%
-34.8%
Q3 25
-44.1%
-40.1%
Q2 25
-34.0%
-41.6%
Q1 25
-27.1%
-28.2%
Q4 24
-40.5%
-21.5%
Q3 24
-20.5%
-26.1%
Q2 24
-35.3%
-23.9%
Q1 24
-16.1%
-36.2%
Net Margin
HYFM
HYFM
RXST
RXST
Q4 25
-963.9%
-28.1%
Q3 25
-55.8%
-32.4%
Q2 25
-43.0%
-35.0%
Q1 25
-35.5%
-21.6%
Q4 24
-46.9%
-14.8%
Q3 24
-29.9%
-17.9%
Q2 24
-42.8%
-17.4%
Q1 24
-23.3%
-30.8%
EPS (diluted)
HYFM
HYFM
RXST
RXST
Q4 25
$-52.09
$-0.22
Q3 25
$-3.51
$-0.24
Q2 25
$-3.63
$-0.29
Q1 25
$-3.12
$-0.20
Q4 24
$-3.80
$-0.14
Q3 24
$-2.86
$-0.16
Q2 24
$-5.10
$-0.16
Q1 24
$-2.75
$-0.25

Balance Sheet & Financial Strength

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

Metric
HYFM
HYFM
RXST
RXST
Cash + ST InvestmentsLiquidity on hand
$6.3M
$228.1M
Total DebtLower is stronger
$50.0K
Stockholders' EquityBook value
$-63.3M
$275.7M
Total Assets
$123.8M
$311.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HYFM
HYFM
RXST
RXST
Q4 25
$6.3M
$228.1M
Q3 25
$10.7M
$227.5M
Q2 25
$11.0M
$227.5M
Q1 25
$13.7M
$229.3M
Q4 24
$26.1M
$237.2M
Q3 24
$24.4M
$237.1M
Q2 24
$30.3M
$233.3M
Q1 24
$24.2M
$125.4M
Total Debt
HYFM
HYFM
RXST
RXST
Q4 25
$50.0K
Q3 25
$111.7M
Q2 25
$111.6M
Q1 25
$110.0M
Q4 24
$114.7M
Q3 24
$114.8M
Q2 24
$114.9M
Q1 24
$115.4M
Stockholders' Equity
HYFM
HYFM
RXST
RXST
Q4 25
$-63.3M
$275.7M
Q3 25
$178.3M
$276.0M
Q2 25
$195.0M
$278.0M
Q1 25
$209.9M
$279.3M
Q4 24
$223.7M
$281.2M
Q3 24
$243.0M
$277.3M
Q2 24
$255.0M
$275.2M
Q1 24
$278.0M
$163.9M
Total Assets
HYFM
HYFM
RXST
RXST
Q4 25
$123.8M
$311.8M
Q3 25
$369.7M
$308.5M
Q2 25
$389.9M
$309.0M
Q1 25
$410.6M
$313.0M
Q4 24
$426.1M
$318.6M
Q3 24
$445.9M
$310.5M
Q2 24
$463.4M
$305.5M
Q1 24
$494.0M
$183.2M
Debt / Equity
HYFM
HYFM
RXST
RXST
Q4 25
Q3 25
0.63×
Q2 25
0.57×
Q1 25
0.52×
Q4 24
0.51×
Q3 24
0.47×
Q2 24
0.45×
Q1 24
0.42×

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
RXST
RXST
Operating Cash FlowLast quarter
$-4.0M
$-1.1M
Free Cash FlowOCF − Capex
$-4.3M
$-2.3M
FCF MarginFCF / Revenue
-17.1%
-6.9%
Capex IntensityCapex / Revenue
1.3%
3.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.1M
$-19.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HYFM
HYFM
RXST
RXST
Q4 25
$-4.0M
$-1.1M
Q3 25
$-37.0K
$-1.2M
Q2 25
$1.7M
$-4.4M
Q1 25
$-11.8M
$-8.8M
Q4 24
$2.7M
$-4.3M
Q3 24
$-4.5M
$650.0K
Q2 24
$3.8M
$-4.0M
Q1 24
$-2.3M
$-9.3M
Free Cash Flow
HYFM
HYFM
RXST
RXST
Q4 25
$-4.3M
$-2.3M
Q3 25
$-207.0K
$-1.8M
Q2 25
$1.4M
$-5.9M
Q1 25
$-12.0M
$-9.4M
Q4 24
$2.4M
$-5.1M
Q3 24
$-5.3M
$-453.0K
Q2 24
$3.4M
$-5.5M
Q1 24
$-3.7M
$-11.3M
FCF Margin
HYFM
HYFM
RXST
RXST
Q4 25
-17.1%
-6.9%
Q3 25
-0.7%
-5.8%
Q2 25
3.7%
-17.6%
Q1 25
-29.6%
-24.8%
Q4 24
6.4%
-12.7%
Q3 24
-12.0%
-1.3%
Q2 24
6.2%
-15.9%
Q1 24
-6.9%
-38.2%
Capex Intensity
HYFM
HYFM
RXST
RXST
Q4 25
1.3%
3.5%
Q3 25
0.6%
1.9%
Q2 25
0.7%
4.6%
Q1 25
0.6%
1.5%
Q4 24
0.7%
2.1%
Q3 24
1.8%
3.1%
Q2 24
0.7%
4.4%
Q1 24
2.7%
6.7%

Financial Flow Comparison

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

Revenue Breakdown by Segment

HYFM
HYFM

Segment breakdown not available.

RXST
RXST

Rxlal$28.2M86%
LDD$3.0M9%
Service Warranty Service Contracts And Accessories$1.5M4%

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