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Side-by-side financial comparison of INSPIRE VETERINARY PARTNERS, INC. (IVP) and NVE CORP (NVEC). Click either name above to swap in a different company.

NVE CORP is the larger business by last-quarter revenue ($6.2M vs $4.3M, roughly 1.4× INSPIRE VETERINARY PARTNERS, INC.). NVE CORP runs the higher net margin — 54.4% vs -58.5%, a 112.9% gap on every dollar of revenue. On growth, NVE CORP posted the faster year-over-year revenue change (22.9% vs 6.6%). INSPIRE VETERINARY PARTNERS, INC. produced more free cash flow last quarter ($-1.3M vs $-4.8M). Over the past eight quarters, INSPIRE VETERINARY PARTNERS, INC.'s revenue compounded faster (2.4% CAGR vs -6.3%).

Inspire Veterinary Partners, Inc. is a U.S.-based operator of companion animal veterinary clinics. It delivers full-spectrum pet healthcare services including preventive care, diagnostic testing, surgery, dental care, and emergency treatment for dogs, cats and other small pets, serving communities across multiple U.S. states.

NVE Corporation develops and manufactures spintronic-based electronic components, including high-performance magnetoresistive sensors, couplers, and signal isolators. Its products are used in industrial automation, automotive systems, medical devices, and IoT applications, serving global original equipment manufacturers and electronic component distributors.

IVP vs NVEC — Head-to-Head

Bigger by revenue
NVEC
NVEC
1.4× larger
NVEC
$6.2M
$4.3M
IVP
Growing faster (revenue YoY)
NVEC
NVEC
+16.3% gap
NVEC
22.9%
6.6%
IVP
Higher net margin
NVEC
NVEC
112.9% more per $
NVEC
54.4%
-58.5%
IVP
More free cash flow
IVP
IVP
$3.5M more FCF
IVP
$-1.3M
$-4.8M
NVEC
Faster 2-yr revenue CAGR
IVP
IVP
Annualised
IVP
2.4%
-6.3%
NVEC

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
IVP
IVP
NVEC
NVEC
Revenue
$4.3M
$6.2M
Net Profit
$-2.5M
$3.4M
Gross Margin
78.6%
Operating Margin
-45.6%
60.2%
Net Margin
-58.5%
54.4%
Revenue YoY
6.6%
22.9%
Net Profit YoY
27.6%
11.0%
EPS (diluted)
$0.70

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
IVP
IVP
NVEC
NVEC
Q4 25
$6.2M
Q3 25
$4.3M
$6.3M
Q2 25
$4.3M
$6.1M
Q1 25
$3.6M
$7.3M
Q4 24
$3.3M
$5.1M
Q3 24
$4.0M
$6.8M
Q2 24
$4.4M
$6.8M
Q1 24
$4.8M
$7.1M
Net Profit
IVP
IVP
NVEC
NVEC
Q4 25
$3.4M
Q3 25
$-2.5M
$3.3M
Q2 25
$-3.0M
$3.6M
Q1 25
$-2.4M
$3.9M
Q4 24
$-4.0M
$3.0M
Q3 24
$-3.5M
$4.0M
Q2 24
$-3.4M
$4.1M
Q1 24
$-3.4M
$3.8M
Gross Margin
IVP
IVP
NVEC
NVEC
Q4 25
78.6%
Q3 25
78.3%
Q2 25
80.6%
Q1 25
79.2%
Q4 24
84.2%
Q3 24
86.0%
Q2 24
85.6%
Q1 24
75.5%
Operating Margin
IVP
IVP
NVEC
NVEC
Q4 25
60.2%
Q3 25
-45.6%
57.6%
Q2 25
-61.1%
62.0%
Q1 25
-55.2%
58.4%
Q4 24
-46.2%
58.5%
Q3 24
-55.2%
65.0%
Q2 24
-54.5%
64.7%
Q1 24
-59.2%
57.3%
Net Margin
IVP
IVP
NVEC
NVEC
Q4 25
54.4%
Q3 25
-58.5%
52.2%
Q2 25
-70.8%
58.6%
Q1 25
-66.4%
53.5%
Q4 24
-119.4%
60.2%
Q3 24
-86.2%
59.6%
Q2 24
-77.1%
60.4%
Q1 24
-70.8%
53.8%
EPS (diluted)
IVP
IVP
NVEC
NVEC
Q4 25
$0.70
Q3 25
$0.68
Q2 25
$0.74
Q1 25
$0.80
Q4 24
$0.63
Q3 24
$0.83
Q2 24
$0.85
Q1 24
$0.78

Balance Sheet & Financial Strength

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

Metric
IVP
IVP
NVEC
NVEC
Cash + ST InvestmentsLiquidity on hand
$20.6M
Total DebtLower is stronger
$11.8M
Stockholders' EquityBook value
$4.2M
$58.3M
Total Assets
$24.0M
$60.0M
Debt / EquityLower = less leverage
2.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVP
IVP
NVEC
NVEC
Q4 25
$20.6M
Q3 25
$17.7M
Q2 25
$15.8M
Q1 25
$21.7M
Q4 24
$523.7K
$20.4M
Q3 24
$681.2K
$22.9M
Q2 24
$7.7K
$21.7M
Q1 24
$69.1K
$22.2M
Total Debt
IVP
IVP
NVEC
NVEC
Q4 25
Q3 25
$11.8M
Q2 25
$12.0M
Q1 25
$11.5M
Q4 24
$12.0M
Q3 24
$12.4M
Q2 24
$14.6M
Q1 24
Stockholders' Equity
IVP
IVP
NVEC
NVEC
Q4 25
$58.3M
Q3 25
$4.2M
$59.7M
Q2 25
$446.3K
$61.1M
Q1 25
$3.0M
$62.3M
Q4 24
$1.6M
$63.0M
Q3 24
$3.0M
$64.9M
Q2 24
$-3.1M
$64.9M
Q1 24
$269.9K
$65.6M
Total Assets
IVP
IVP
NVEC
NVEC
Q4 25
$60.0M
Q3 25
$24.0M
$61.5M
Q2 25
$20.8M
$63.6M
Q1 25
$20.7M
$64.3M
Q4 24
$20.2M
$64.6M
Q3 24
$22.4M
$65.9M
Q2 24
$21.9M
$66.7M
Q1 24
$23.4M
$66.8M
Debt / Equity
IVP
IVP
NVEC
NVEC
Q4 25
Q3 25
2.82×
Q2 25
26.96×
Q1 25
3.84×
Q4 24
7.67×
Q3 24
4.10×
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
IVP
IVP
NVEC
NVEC
Operating Cash FlowLast quarter
$-1.3M
$4.2M
Free Cash FlowOCF − Capex
$-1.3M
$-4.8M
FCF MarginFCF / Revenue
-30.7%
-77.0%
Capex IntensityCapex / Revenue
1.0%
144.3%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$-4.3M
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVP
IVP
NVEC
NVEC
Q4 25
$4.2M
Q3 25
$-1.3M
$2.8M
Q2 25
$-898.3K
$5.2M
Q1 25
$-1.4M
$2.5M
Q4 24
$-677.5K
$3.8M
Q3 24
$-6.3M
$2.1M
Q2 24
$149.7K
$5.9M
Q1 24
$-3.2M
$3.1M
Free Cash Flow
IVP
IVP
NVEC
NVEC
Q4 25
$-4.8M
Q3 25
$-1.3M
$2.7M
Q2 25
$-910.9K
$4.1M
Q1 25
$-1.4M
$-7.5M
Q4 24
$-709.4K
$-6.3M
Q3 24
$-6.3M
$1.9M
Q2 24
$126.0K
$4.9M
Q1 24
$-3.3M
FCF Margin
IVP
IVP
NVEC
NVEC
Q4 25
-77.0%
Q3 25
-30.7%
42.9%
Q2 25
-21.3%
67.7%
Q1 25
-38.3%
-103.7%
Q4 24
-21.4%
-124.7%
Q3 24
-156.4%
28.5%
Q2 24
2.9%
72.8%
Q1 24
-68.8%
Capex Intensity
IVP
IVP
NVEC
NVEC
Q4 25
144.3%
Q3 25
1.0%
1.1%
Q2 25
0.3%
17.3%
Q1 25
0.6%
137.9%
Q4 24
1.0%
200.6%
Q3 24
0.6%
3.1%
Q2 24
0.5%
13.5%
Q1 24
3.2%
0.0%
Cash Conversion
IVP
IVP
NVEC
NVEC
Q4 25
1.24×
Q3 25
0.84×
Q2 25
1.45×
Q1 25
0.64×
Q4 24
1.26×
Q3 24
0.53×
Q2 24
1.43×
Q1 24
0.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVP
IVP

Services$3.1M73%
Products$1.2M27%

NVEC
NVEC

Segment breakdown not available.

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