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Side-by-side financial comparison of iRhythm Holdings, Inc. (IRTC) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
iRhythm Holdings, Inc. is the larger business by last-quarter revenue ($208.9M vs $153.1M, roughly 1.4× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 2.7%, a 2.1% gap on every dollar of revenue. On growth, iRhythm Holdings, Inc. posted the faster year-over-year revenue change (27.1% vs 22.3%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $14.5M). Over the past eight quarters, iRhythm Holdings, Inc.'s revenue compounded faster (25.8% CAGR vs 16.9%).
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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
IRTC vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.9M | $153.1M |
| Net Profit | $5.6M | $7.3M |
| Gross Margin | 70.9% | 31.5% |
| Operating Margin | 1.1% | 12.0% |
| Net Margin | 2.7% | 4.8% |
| Revenue YoY | 27.1% | 22.3% |
| Net Profit YoY | 518.5% | 8.5% |
| EPS (diluted) | $0.18 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $192.9M | $138.0M | ||
| Q2 25 | $186.7M | $129.8M | ||
| Q1 25 | $158.7M | $122.8M | ||
| Q4 24 | $164.3M | $125.1M | ||
| Q3 24 | $147.5M | $124.8M | ||
| Q2 24 | $148.0M | $118.8M | ||
| Q1 24 | $131.9M | $111.9M |
| Q4 25 | $5.6M | $7.3M | ||
| Q3 25 | $-5.2M | $2.3M | ||
| Q2 25 | $-14.2M | $518.0K | ||
| Q1 25 | $-30.7M | $4.8M | ||
| Q4 24 | $-1.3M | $6.8M | ||
| Q3 24 | $-46.2M | $1.3M | ||
| Q2 24 | $-20.1M | $6.0M | ||
| Q1 24 | $-45.7M | $5.5M |
| Q4 25 | 70.9% | 31.5% | ||
| Q3 25 | 71.1% | 29.7% | ||
| Q2 25 | 71.2% | 30.9% | ||
| Q1 25 | 68.8% | 33.2% | ||
| Q4 24 | 70.0% | 34.1% | ||
| Q3 24 | 68.8% | 35.8% | ||
| Q2 24 | 69.9% | 35.7% | ||
| Q1 24 | 66.3% | 37.1% |
| Q4 25 | 1.1% | 12.0% | ||
| Q3 25 | -4.4% | 9.4% | ||
| Q2 25 | -10.0% | 7.3% | ||
| Q1 25 | -20.5% | 11.5% | ||
| Q4 24 | -2.5% | 12.7% | ||
| Q3 24 | -34.1% | 14.3% | ||
| Q2 24 | -15.5% | 12.5% | ||
| Q1 24 | -28.9% | 12.6% |
| Q4 25 | 2.7% | 4.8% | ||
| Q3 25 | -2.7% | 1.7% | ||
| Q2 25 | -7.6% | 0.4% | ||
| Q1 25 | -19.3% | 3.9% | ||
| Q4 24 | -0.8% | 5.4% | ||
| Q3 24 | -31.3% | 1.0% | ||
| Q2 24 | -13.6% | 5.1% | ||
| Q1 24 | -34.6% | 4.9% |
| Q4 25 | $0.18 | $0.62 | ||
| Q3 25 | $-0.16 | $0.19 | ||
| Q2 25 | $-0.44 | $0.04 | ||
| Q1 25 | $-0.97 | $0.40 | ||
| Q4 24 | $-0.03 | $0.56 | ||
| Q3 24 | $-1.48 | $0.11 | ||
| Q2 24 | $-0.65 | $0.51 | ||
| Q1 24 | $-1.47 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $152.7M | $-17.3M |
| Total Assets | $1.0B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $583.8M | $21.7M | ||
| Q3 25 | $565.2M | $16.0M | ||
| Q2 25 | $545.5M | $17.1M | ||
| Q1 25 | $520.6M | $31.5M | ||
| Q4 24 | $535.6M | $33.5M | ||
| Q3 24 | $522.0M | $14.7M | ||
| Q2 24 | $561.5M | $7.5M | ||
| Q1 24 | $569.1M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $152.7M | $-17.3M | ||
| Q3 25 | $121.9M | $-25.7M | ||
| Q2 25 | $103.7M | $-29.0M | ||
| Q1 25 | $86.7M | $-29.7M | ||
| Q4 24 | $90.9M | $-35.6M | ||
| Q3 24 | $71.8M | $-42.8M | ||
| Q2 24 | $99.2M | $-44.6M | ||
| Q1 24 | $90.3M | $-48.5M |
| Q4 25 | $1.0B | $403.2M | ||
| Q3 25 | $995.2M | $407.1M | ||
| Q2 25 | $964.0M | $399.8M | ||
| Q1 25 | $926.1M | $351.9M | ||
| Q4 24 | $931.4M | $349.7M | ||
| Q3 24 | $909.7M | $342.3M | ||
| Q2 24 | $919.2M | $321.4M | ||
| Q1 24 | $909.8M | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $14.5M | $35.2M |
| FCF MarginFCF / Revenue | 6.9% | 23.0% |
| Capex IntensityCapex / Revenue | 5.6% | 2.9% |
| Cash ConversionOCF / Net Profit | 4.70× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $34.5M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.2M | $39.6M | ||
| Q3 25 | $34.9M | $10.0M | ||
| Q2 25 | $27.7M | $4.3M | ||
| Q1 25 | $-7.9M | $5.6M | ||
| Q4 24 | $19.2M | $26.7M | ||
| Q3 24 | $24.3M | $12.5M | ||
| Q2 24 | $11.8M | $-4.8M | ||
| Q1 24 | $-52.0M | $8.9M |
| Q4 25 | $14.5M | $35.2M | ||
| Q3 25 | $20.1M | $5.3M | ||
| Q2 25 | $17.3M | $533.0K | ||
| Q1 25 | $-17.3M | $292.0K | ||
| Q4 24 | $12.4M | $21.6M | ||
| Q3 24 | $15.5M | $11.1M | ||
| Q2 24 | $3.4M | $-6.0M | ||
| Q1 24 | $-61.8M | $7.4M |
| Q4 25 | 6.9% | 23.0% | ||
| Q3 25 | 10.4% | 3.8% | ||
| Q2 25 | 9.3% | 0.4% | ||
| Q1 25 | -10.9% | 0.2% | ||
| Q4 24 | 7.5% | 17.3% | ||
| Q3 24 | 10.5% | 8.9% | ||
| Q2 24 | 2.3% | -5.0% | ||
| Q1 24 | -46.8% | 6.6% |
| Q4 25 | 5.6% | 2.9% | ||
| Q3 25 | 7.7% | 3.4% | ||
| Q2 25 | 5.6% | 2.9% | ||
| Q1 25 | 5.9% | 4.3% | ||
| Q4 24 | 4.2% | 4.0% | ||
| Q3 24 | 6.0% | 1.2% | ||
| Q2 24 | 5.7% | 1.0% | ||
| Q1 24 | 7.4% | 1.3% |
| Q4 25 | 4.70× | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | — | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
