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Side-by-side financial comparison of ICHOR HOLDINGS, LTD. (ICHR) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
ICHOR HOLDINGS, LTD. is the larger business by last-quarter revenue ($223.6M vs $140.7M, roughly 1.6× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -7.1%, a 4.9% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -4.2%). ICHOR HOLDINGS, LTD. produced more free cash flow last quarter ($5.9M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs 5.4%).
Ichor Holdings Ltd. designs, manufactures and supplies critical fluid delivery systems, subsystems and related components for the global semiconductor manufacturing sector. Its products are integrated into front-end wafer processing equipment, supporting production of advanced logic, memory and specialty chips for leading semiconductor device and equipment makers across North America, East Asia and Europe.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
ICHR vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $223.6M | $140.7M |
| Net Profit | $-16.0M | $-3.2M |
| Gross Margin | 9.4% | 41.9% |
| Operating Margin | -6.2% | -1.6% |
| Net Margin | -7.1% | -2.3% |
| Revenue YoY | -4.2% | 9.1% |
| Net Profit YoY | -304.8% | 62.1% |
| EPS (diluted) | $-0.46 | $0.03 |
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.
| Q4 25 | $223.6M | $140.7M | ||
| Q3 25 | $239.3M | $118.8M | ||
| Q2 25 | $240.3M | $105.1M | ||
| Q1 25 | $244.5M | $104.2M | ||
| Q4 24 | $233.3M | $129.0M | ||
| Q3 24 | $211.1M | $118.6M | ||
| Q2 24 | $203.2M | $120.3M | ||
| Q1 24 | $201.4M | $120.0M |
| Q4 25 | $-16.0M | $-3.2M | ||
| Q3 25 | $-22.9M | $-11.7M | ||
| Q2 25 | $-9.4M | $-17.3M | ||
| Q1 25 | $-4.6M | $-19.1M | ||
| Q4 24 | $-3.9M | $-8.5M | ||
| Q3 24 | $-2.8M | $-39.2M | ||
| Q2 24 | $-5.1M | $27.0K | ||
| Q1 24 | $-9.0M | $-50.2M |
| Q4 25 | 9.4% | 41.9% | ||
| Q3 25 | 4.6% | 42.8% | ||
| Q2 25 | 11.3% | 35.9% | ||
| Q1 25 | 11.7% | 39.4% | ||
| Q4 24 | 11.6% | 42.9% | ||
| Q3 24 | 13.2% | 29.7% | ||
| Q2 24 | 12.6% | 40.7% | ||
| Q1 24 | 11.4% | 34.8% |
| Q4 25 | -6.2% | -1.6% | ||
| Q3 25 | -8.1% | -10.2% | ||
| Q2 25 | -2.0% | -13.5% | ||
| Q1 25 | -0.5% | -13.9% | ||
| Q4 24 | -0.5% | -6.0% | ||
| Q3 24 | -0.2% | -39.5% | ||
| Q2 24 | -1.1% | -12.1% | ||
| Q1 24 | -1.9% | -19.3% |
| Q4 25 | -7.1% | -2.3% | ||
| Q3 25 | -9.6% | -9.9% | ||
| Q2 25 | -3.9% | -16.5% | ||
| Q1 25 | -1.9% | -18.4% | ||
| Q4 24 | -1.7% | -6.6% | ||
| Q3 24 | -1.3% | -33.1% | ||
| Q2 24 | -2.5% | 0.0% | ||
| Q1 24 | -4.5% | -41.8% |
| Q4 25 | $-0.46 | $0.03 | ||
| Q3 25 | $-0.67 | $0.11 | ||
| Q2 25 | $-0.28 | $0.16 | ||
| Q1 25 | $-0.13 | $0.18 | ||
| Q4 24 | $-0.11 | $0.08 | ||
| Q3 24 | $-0.08 | $0.36 | ||
| Q2 24 | $-0.15 | $0.00 | ||
| Q1 24 | $-0.30 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $98.3M | $24.3M |
| Total DebtLower is stronger | $123.5M | $126.7M |
| Stockholders' EquityBook value | $663.9M | $-29.7M |
| Total Assets | $942.9M | $296.3M |
| Debt / EquityLower = less leverage | 0.19× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $98.3M | $24.3M | ||
| Q3 25 | $92.5M | $32.4M | ||
| Q2 25 | $92.2M | $34.2M | ||
| Q1 25 | $109.3M | $21.6M | ||
| Q4 24 | $108.7M | $29.0M | ||
| Q3 24 | $116.4M | $23.4M | ||
| Q2 24 | $114.3M | $23.4M | ||
| Q1 24 | $102.1M | $34.5M |
| Q4 25 | $123.5M | $126.7M | ||
| Q3 25 | $123.5M | — | ||
| Q2 25 | $125.0M | — | ||
| Q1 25 | $126.8M | — | ||
| Q4 24 | $128.5M | $70.7M | ||
| Q3 24 | $130.3M | $50.8M | ||
| Q2 24 | $130.2M | — | ||
| Q1 24 | $131.9M | — |
| Q4 25 | $663.9M | $-29.7M | ||
| Q3 25 | $676.2M | $-26.9M | ||
| Q2 25 | $694.1M | $-15.6M | ||
| Q1 25 | $700.4M | $1.3M | ||
| Q4 24 | $698.3M | $20.2M | ||
| Q3 24 | $697.3M | $28.0M | ||
| Q2 24 | $694.9M | $66.4M | ||
| Q1 24 | $697.2M | $65.5M |
| Q4 25 | $942.9M | $296.3M | ||
| Q3 25 | $966.6M | $302.1M | ||
| Q2 25 | $985.1M | $303.8M | ||
| Q1 25 | $1.0B | $293.8M | ||
| Q4 24 | $995.6M | $307.8M | ||
| Q3 24 | $975.9M | $309.3M | ||
| Q2 24 | $947.7M | $362.1M | ||
| Q1 24 | $957.4M | $382.1M |
| Q4 25 | 0.19× | — | ||
| Q3 25 | 0.18× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.18× | 3.50× | ||
| Q3 24 | 0.19× | 1.82× | ||
| Q2 24 | 0.19× | — | ||
| Q1 24 | 0.19× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.2M | $-5.8M |
| Free Cash FlowOCF − Capex | $5.9M | $-7.8M |
| FCF MarginFCF / Revenue | 2.6% | -5.5% |
| Capex IntensityCapex / Revenue | 1.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-6.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.2M | $-5.8M | ||
| Q3 25 | $9.2M | $-968.0K | ||
| Q2 25 | $-7.5M | $-4.0M | ||
| Q1 25 | $19.0M | $-23.1M | ||
| Q4 24 | $-2.5M | $6.8M | ||
| Q3 24 | $8.1M | $1.1M | ||
| Q2 24 | $17.5M | $-8.9M | ||
| Q1 24 | $4.8M | $-16.8M |
| Q4 25 | $5.9M | $-7.8M | ||
| Q3 25 | $2.1M | $-1.8M | ||
| Q2 25 | $-14.8M | $-7.0M | ||
| Q1 25 | $496.0K | $-25.3M | ||
| Q4 24 | $-6.9M | $5.7M | ||
| Q3 24 | $2.2M | $101.0K | ||
| Q2 24 | $14.6M | $-11.0M | ||
| Q1 24 | $314.0K | $-19.9M |
| Q4 25 | 2.6% | -5.5% | ||
| Q3 25 | 0.9% | -1.5% | ||
| Q2 25 | -6.2% | -6.6% | ||
| Q1 25 | 0.2% | -24.3% | ||
| Q4 24 | -3.0% | 4.4% | ||
| Q3 24 | 1.0% | 0.1% | ||
| Q2 24 | 7.2% | -9.2% | ||
| Q1 24 | 0.2% | -16.5% |
| Q4 25 | 1.5% | 1.4% | ||
| Q3 25 | 3.0% | 0.7% | ||
| Q2 25 | 3.0% | 2.8% | ||
| Q1 25 | 7.6% | 2.2% | ||
| Q4 24 | 1.9% | 0.8% | ||
| Q3 24 | 2.8% | 0.9% | ||
| Q2 24 | 1.4% | 1.7% | ||
| Q1 24 | 2.2% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ICHR
| Other | $101.6M | 45% |
| US | $67.4M | 30% |
| Other Countries | $29.7M | 13% |
| Europe | $24.9M | 11% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
