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Side-by-side financial comparison of INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

UTAH MEDICAL PRODUCTS INC is the larger business by last-quarter revenue ($9.0M vs $6.1M, roughly 1.5× INTELLIGENT PROTECTION MANAGEMENT CORP.). On growth, INTELLIGENT PROTECTION MANAGEMENT CORP. posted the faster year-over-year revenue change (2091.6% vs -1.2%). Over the past eight quarters, INTELLIGENT PROTECTION MANAGEMENT CORP.'s revenue compounded faster (54.7% CAGR vs -10.7%).

Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

IPM vs UTMD — Head-to-Head

Bigger by revenue
UTMD
UTMD
1.5× larger
UTMD
$9.0M
$6.1M
IPM
Growing faster (revenue YoY)
IPM
IPM
+2092.8% gap
IPM
2091.6%
-1.2%
UTMD
Faster 2-yr revenue CAGR
IPM
IPM
Annualised
IPM
54.7%
-10.7%
UTMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IPM
IPM
UTMD
UTMD
Revenue
$6.1M
$9.0M
Net Profit
$2.6M
Gross Margin
53.1%
58.2%
Operating Margin
-13.4%
27.0%
Net Margin
28.4%
Revenue YoY
2091.6%
-1.2%
Net Profit YoY
-11.6%
EPS (diluted)
$-0.05
$0.80

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
IPM
IPM
UTMD
UTMD
Q4 25
$6.1M
$9.0M
Q3 25
$6.2M
$9.8M
Q2 25
$5.7M
$10.0M
Q1 25
$5.5M
$9.7M
Q4 24
$9.2M
Q3 24
$10.0M
Q2 24
$10.4M
Q1 24
$11.3M
Net Profit
IPM
IPM
UTMD
UTMD
Q4 25
$2.6M
Q3 25
$-1.1M
$2.6M
Q2 25
$-1.1M
$3.0M
Q1 25
$808.5K
$3.0M
Q4 24
$2.9M
Q3 24
$3.6M
Q2 24
$3.5M
Q1 24
$4.0M
Gross Margin
IPM
IPM
UTMD
UTMD
Q4 25
53.1%
58.2%
Q3 25
50.7%
57.1%
Q2 25
50.1%
56.2%
Q1 25
55.3%
57.0%
Q4 24
58.1%
Q3 24
58.0%
Q2 24
60.1%
Q1 24
59.7%
Operating Margin
IPM
IPM
UTMD
UTMD
Q4 25
-13.4%
27.0%
Q3 25
-23.0%
26.6%
Q2 25
-19.7%
32.1%
Q1 25
-24.2%
32.5%
Q4 24
32.0%
Q3 24
33.4%
Q2 24
33.1%
Q1 24
34.2%
Net Margin
IPM
IPM
UTMD
UTMD
Q4 25
28.4%
Q3 25
-17.4%
26.8%
Q2 25
-18.3%
30.6%
Q1 25
14.7%
31.3%
Q4 24
31.7%
Q3 24
35.6%
Q2 24
33.2%
Q1 24
34.9%
EPS (diluted)
IPM
IPM
UTMD
UTMD
Q4 25
$-0.05
$0.80
Q3 25
$-0.08
$0.82
Q2 25
$-0.08
$0.94
Q1 25
$0.06
$0.92
Q4 24
$0.86
Q3 24
$1.03
Q2 24
$0.98
Q1 24
$1.09

Balance Sheet & Financial Strength

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

Metric
IPM
IPM
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$5.6M
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$18.2M
$119.3M
Total Assets
$26.0M
$122.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPM
IPM
UTMD
UTMD
Q4 25
$5.6M
$85.8M
Q3 25
$7.3M
$84.3M
Q2 25
$7.3M
$82.2M
Q1 25
$9.7M
$83.3M
Q4 24
$83.0M
Q3 24
$88.5M
Q2 24
$89.2M
Q1 24
$93.8M
Total Debt
IPM
IPM
UTMD
UTMD
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$282.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IPM
IPM
UTMD
UTMD
Q4 25
$18.2M
$119.3M
Q3 25
$18.8M
$118.3M
Q2 25
$19.9M
$117.5M
Q1 25
$21.1M
$117.0M
Q4 24
$117.4M
Q3 24
$124.2M
Q2 24
$124.1M
Q1 24
$127.7M
Total Assets
IPM
IPM
UTMD
UTMD
Q4 25
$26.0M
$122.5M
Q3 25
$27.2M
$122.0M
Q2 25
$29.8M
$120.8M
Q1 25
$31.1M
$122.5M
Q4 24
$122.5M
Q3 24
$129.7M
Q2 24
$130.0M
Q1 24
$135.4M
Debt / Equity
IPM
IPM
UTMD
UTMD
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
IPM
IPM
UTMD
UTMD
Operating Cash FlowLast quarter
$87.6K
$3.5M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPM
IPM
UTMD
UTMD
Q4 25
$87.6K
$3.5M
Q3 25
$133.0K
$3.9M
Q2 25
$-888.7K
$2.9M
Q1 25
$1.7M
$4.5M
Q4 24
$2.9M
Q3 24
$3.9M
Q2 24
$2.8M
Q1 24
$5.3M
Free Cash Flow
IPM
IPM
UTMD
UTMD
Q4 25
$3.4M
Q3 25
$3.9M
Q2 25
$2.8M
Q1 25
$4.3M
Q4 24
$2.9M
Q3 24
$3.8M
Q2 24
$2.7M
Q1 24
$5.3M
FCF Margin
IPM
IPM
UTMD
UTMD
Q4 25
37.2%
Q3 25
39.2%
Q2 25
28.4%
Q1 25
44.1%
Q4 24
32.0%
Q3 24
37.7%
Q2 24
25.5%
Q1 24
46.3%
Capex Intensity
IPM
IPM
UTMD
UTMD
Q4 25
1.2%
Q3 25
0.0%
0.3%
Q2 25
0.5%
Q1 25
1.9%
Q4 24
0.1%
Q3 24
0.9%
Q2 24
1.1%
Q1 24
0.2%
Cash Conversion
IPM
IPM
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
2.16×
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

UTMD
UTMD

Segment breakdown not available.

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