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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and PAMT CORP (PAMT). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $141.3M, roughly 1.5× PAMT CORP). iRhythm Holdings, Inc. runs the higher net margin — 2.7% vs -20.7%, a 23.4% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs -15.1%). iRhythm Holdings, Inc. produced more free cash flow last quarter ($14.5M vs $-25.0M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs -12.0%).
iRhythm Holdings is a digital healthcare company focused on cardiac care, developing and commercializing wearable ambulatory heart monitoring devices paired with AI-powered analytical tools. It primarily serves healthcare providers and patients across the United States, helping to detect undiagnosed arrhythmias such as atrial fibrillation through convenient long-term heart rhythm tracking that delivers actionable clinical insights.
IRTC vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $141.3M |
| Net Profit | $5.6M | $-29.3M |
| Gross Margin | 70.9% | — |
| Operating Margin | 1.1% | -27.0% |
| Net Margin | 2.7% | -20.7% |
| Revenue YoY | 27.1% | -15.1% |
| Net Profit YoY | 518.5% | 7.4% |
| EPS (diluted) | $0.18 | $-1.38 |
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 | $208.9M | $141.3M | ||
| Q3 25 | $192.9M | $150.3M | ||
| Q2 25 | $186.7M | $151.1M | ||
| Q1 25 | $158.7M | $155.3M | ||
| Q4 24 | $164.3M | $166.5M | ||
| Q3 24 | $147.5M | $182.6M | ||
| Q2 24 | $148.0M | $182.9M | ||
| Q1 24 | $131.9M | $182.6M |
| Q4 25 | $5.6M | $-29.3M | ||
| Q3 25 | $-5.2M | $-5.6M | ||
| Q2 25 | $-14.2M | $-9.6M | ||
| Q1 25 | $-30.7M | $-8.1M | ||
| Q4 24 | $-1.3M | $-31.6M | ||
| Q3 24 | $-46.2M | $2.4M | ||
| Q2 24 | $-20.1M | $-2.9M | ||
| Q1 24 | $-45.7M | $281.0K |
| Q4 25 | 70.9% | — | ||
| Q3 25 | 71.1% | — | ||
| Q2 25 | 71.2% | — | ||
| Q1 25 | 68.8% | — | ||
| Q4 24 | 70.0% | — | ||
| Q3 24 | 68.8% | — | ||
| Q2 24 | 69.9% | — | ||
| Q1 24 | 66.3% | — |
| Q4 25 | 1.1% | -27.0% | ||
| Q3 25 | -4.4% | -3.8% | ||
| Q2 25 | -10.0% | -7.3% | ||
| Q1 25 | -20.5% | -5.9% | ||
| Q4 24 | -2.5% | -22.6% | ||
| Q3 24 | -34.1% | 1.3% | ||
| Q2 24 | -15.5% | -0.4% | ||
| Q1 24 | -28.9% | -0.4% |
| Q4 25 | 2.7% | -20.7% | ||
| Q3 25 | -2.7% | -3.7% | ||
| Q2 25 | -7.6% | -6.4% | ||
| Q1 25 | -19.3% | -5.2% | ||
| Q4 24 | -0.8% | -19.0% | ||
| Q3 24 | -31.3% | 1.3% | ||
| Q2 24 | -13.6% | -1.6% | ||
| Q1 24 | -34.6% | 0.2% |
| Q4 25 | $0.18 | $-1.38 | ||
| Q3 25 | $-0.16 | $-0.27 | ||
| Q2 25 | $-0.44 | $-0.46 | ||
| Q1 25 | $-0.97 | $-0.37 | ||
| Q4 24 | $-0.03 | $-1.44 | ||
| Q3 24 | $-1.48 | $0.11 | ||
| Q2 24 | $-0.65 | $-0.13 | ||
| Q1 24 | $-1.47 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $583.8M | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $152.7M | $210.5M |
| Total Assets | $1.0B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $83.7M | ||
| Q3 25 | $565.2M | $115.6M | ||
| Q2 25 | $545.5M | $117.3M | ||
| Q1 25 | $520.6M | $102.7M | ||
| Q4 24 | $535.6M | $110.7M | ||
| Q3 24 | $522.0M | $92.3M | ||
| Q2 24 | $561.5M | $114.0M | ||
| Q1 24 | $569.1M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $152.7M | $210.5M | ||
| Q3 25 | $121.9M | $239.5M | ||
| Q2 25 | $103.7M | $244.9M | ||
| Q1 25 | $86.7M | $269.6M | ||
| Q4 24 | $90.9M | $277.5M | ||
| Q3 24 | $71.8M | $308.9M | ||
| Q2 24 | $99.2M | $306.7M | ||
| Q1 24 | $90.3M | $314.6M |
| Q4 25 | $1.0B | $697.9M | ||
| Q3 25 | $995.2M | $715.2M | ||
| Q2 25 | $964.0M | $707.9M | ||
| Q1 25 | $926.1M | $712.6M | ||
| Q4 24 | $931.4M | $741.7M | ||
| Q3 24 | $909.7M | $756.7M | ||
| Q2 24 | $919.2M | $733.5M | ||
| Q1 24 | $909.8M | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $26.2M | $-5.8M |
| Free Cash FlowOCF − Capex | $14.5M | $-25.0M |
| FCF MarginFCF / Revenue | 6.9% | -17.7% |
| Capex IntensityCapex / Revenue | 5.6% | 13.6% |
| Cash ConversionOCF / Net Profit | 4.70× | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $-5.8M | ||
| Q3 25 | $34.9M | $5.9M | ||
| Q2 25 | $27.7M | $12.2M | ||
| Q1 25 | $-7.9M | $5.0M | ||
| Q4 24 | $19.2M | $15.2M | ||
| Q3 24 | $24.3M | $15.5M | ||
| Q2 24 | $11.8M | $18.7M | ||
| Q1 24 | $-52.0M | $9.6M |
| Q4 25 | $14.5M | $-25.0M | ||
| Q3 25 | $20.1M | $2.5M | ||
| Q2 25 | $17.3M | $5.9M | ||
| Q1 25 | $-17.3M | $-6.8M | ||
| Q4 24 | $12.4M | $-39.9M | ||
| Q3 24 | $15.5M | $-33.6M | ||
| Q2 24 | $3.4M | $4.1M | ||
| Q1 24 | $-61.8M | $-12.2M |
| Q4 25 | 6.9% | -17.7% | ||
| Q3 25 | 10.4% | 1.7% | ||
| Q2 25 | 9.3% | 3.9% | ||
| Q1 25 | -10.9% | -4.4% | ||
| Q4 24 | 7.5% | -24.0% | ||
| Q3 24 | 10.5% | -18.4% | ||
| Q2 24 | 2.3% | 2.2% | ||
| Q1 24 | -46.8% | -6.7% |
| Q4 25 | 5.6% | 13.6% | ||
| Q3 25 | 7.7% | 2.3% | ||
| Q2 25 | 5.6% | 4.2% | ||
| Q1 25 | 5.9% | 7.6% | ||
| Q4 24 | 4.2% | 33.1% | ||
| Q3 24 | 6.0% | 26.9% | ||
| Q2 24 | 5.7% | 8.0% | ||
| Q1 24 | 7.4% | 12.0% |
| Q4 25 | 4.70× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRTC
| Commercial Payors | $111.7M | 53% |
| Centers For Medicare And Medicaid | $49.2M | 24% |
| Healthcare Institutions | $34.3M | 16% |
| Non Contracted Third Party Payors | $13.7M | 7% |
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
