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Side-by-side financial comparison of SeaStar Medical Holding Corp (ICU) and Pineapple Financial Inc. (PAPL). Click either name above to swap in a different company.

Pineapple Financial Inc. is the larger business by last-quarter revenue ($707.3K vs $420.0K, roughly 1.7× SeaStar Medical Holding Corp). SeaStar Medical Holding Corp runs the higher net margin — -691.4% vs -2756.2%, a 2064.8% gap on every dollar of revenue. On growth, SeaStar Medical Holding Corp posted the faster year-over-year revenue change (526.9% vs -4.8%).

ICU Medical, Inc. is a medical technology company based in San Clemente, California. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs. ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, a...

ICU vs PAPL — Head-to-Head

Bigger by revenue
PAPL
PAPL
1.7× larger
PAPL
$707.3K
$420.0K
ICU
Growing faster (revenue YoY)
ICU
ICU
+531.7% gap
ICU
526.9%
-4.8%
PAPL
Higher net margin
ICU
ICU
2064.8% more per $
ICU
-691.4%
-2756.2%
PAPL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ICU
ICU
PAPL
PAPL
Revenue
$420.0K
$707.3K
Net Profit
$-2.9M
$-19.5M
Gross Margin
97.1%
48.9%
Operating Margin
-718.6%
-2518.8%
Net Margin
-691.4%
-2756.2%
Revenue YoY
526.9%
-4.8%
Net Profit YoY
34.3%
-3174.1%
EPS (diluted)
$-1.21

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
ICU
ICU
PAPL
PAPL
Q1 26
$707.3K
Q4 25
$420.0K
$721.7K
Q3 25
$183.0K
$730.5K
Q2 25
$338.0K
$746.9K
Q1 25
$293.0K
$743.3K
Q4 24
$67.0K
$766.1K
Q3 24
$68.0K
$598.3K
Q2 24
$0
$736.4K
Net Profit
ICU
ICU
PAPL
PAPL
Q1 26
$-19.5M
Q4 25
$-2.9M
$-6.4M
Q3 25
$-3.5M
$-1.8M
Q2 25
$-2.0M
$-557.7K
Q1 25
$-3.8M
$-595.4K
Q4 24
$-4.4M
$-656.9K
Q3 24
$-4.5M
$-1.7M
Q2 24
$-3.2M
$-848.6K
Gross Margin
ICU
ICU
PAPL
PAPL
Q1 26
48.9%
Q4 25
97.1%
49.6%
Q3 25
92.3%
27.8%
Q2 25
92.0%
67.6%
Q1 25
100.0%
43.4%
Q4 24
100.0%
45.9%
Q3 24
100.0%
43.2%
Q2 24
44.2%
Operating Margin
ICU
ICU
PAPL
PAPL
Q1 26
-2518.8%
Q4 25
-718.6%
-909.1%
Q3 25
-1955.7%
-131.3%
Q2 25
-519.5%
-93.3%
Q1 25
-1304.4%
-80.6%
Q4 24
-7114.9%
-90.5%
Q3 24
-6552.9%
-232.8%
Q2 24
-121.7%
Net Margin
ICU
ICU
PAPL
PAPL
Q1 26
-2756.2%
Q4 25
-691.4%
-891.6%
Q3 25
-1897.3%
-250.3%
Q2 25
-592.3%
-74.7%
Q1 25
-1287.4%
-80.1%
Q4 24
-6595.5%
-85.7%
Q3 24
-6585.3%
-283.9%
Q2 24
-115.2%
EPS (diluted)
ICU
ICU
PAPL
PAPL
Q1 26
$-1.21
Q4 25
$-4.79
Q3 25
$-0.93
Q2 25
$-0.18
$-0.05
Q1 25
$-0.44
$-1.73
Q4 24
$0.23
$-2.60
Q3 24
$-1.10
$-11.10
Q2 24
$-1.03
$-0.12

Balance Sheet & Financial Strength

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

Metric
ICU
ICU
PAPL
PAPL
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$10.4M
$27.1M
Total Assets
$14.2M
$48.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
ICU
ICU
PAPL
PAPL
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
$0
Stockholders' Equity
ICU
ICU
PAPL
PAPL
Q1 26
$27.1M
Q4 25
$10.4M
$-5.5M
Q3 25
$11.5M
$906.7K
Q2 25
$3.3M
$842.6K
Q1 25
$565.0K
$739.7K
Q4 24
$-2.2M
$1.3M
Q3 24
$-2.1K
$1.3M
Q2 24
$-6.9M
$2.0M
Total Assets
ICU
ICU
PAPL
PAPL
Q1 26
$48.9M
Q4 25
$14.2M
$10.6M
Q3 25
$15.5M
$5.4M
Q2 25
$8.4M
$4.7M
Q1 25
$7.6M
$4.0M
Q4 24
$4.7M
$4.1M
Q3 24
$4.6M
$4.1M
Q2 24
$3.5M
$4.3M

Cash Flow & Capital Efficiency

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

Metric
ICU
ICU
PAPL
PAPL
Operating Cash FlowLast quarter
$-4.1M
$-3.3M
Free Cash FlowOCF − Capex
$-3.3M
FCF MarginFCF / Revenue
-462.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ICU
ICU
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-4.1M
$-489.7K
Q3 25
$-3.8M
$-507.6K
Q2 25
$-3.0M
$397.0K
Q1 25
$-2.7M
$-172.6K
Q4 24
$-4.7M
$-663.6K
Q3 24
$-5.0M
$-264.7K
Q2 24
$-2.8M
$123.0K
Free Cash Flow
ICU
ICU
PAPL
PAPL
Q1 26
$-3.3M
Q4 25
$-491.7K
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-264.7K
Q2 24
$122.7K
FCF Margin
ICU
ICU
PAPL
PAPL
Q1 26
-462.7%
Q4 25
-68.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-44.2%
Q2 24
16.7%
Capex Intensity
ICU
ICU
PAPL
PAPL
Q1 26
0.0%
Q4 25
0.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
0.0%

Financial Flow Comparison

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

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