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Side-by-side financial comparison of Invesco Mortgage Capital Inc. (IVR) and Outset Medical, Inc. (OM). Click either name above to swap in a different company.

Outset Medical, Inc. is the larger business by last-quarter revenue ($28.9M vs $21.3M, roughly 1.4× Invesco Mortgage Capital Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -67.5%, a 309.7% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -2.0%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 1.2%).

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

Outset Medical, Inc. is a medical technology company focused on developing and commercializing innovative dialysis solutions for patients living with kidney disease. Its flagship Tablo Hemodialysis System supports use in acute care facilities, outpatient clinics, and home settings, serving healthcare providers and patients across the U.S. and select international markets.

IVR vs OM — Head-to-Head

Bigger by revenue
OM
OM
1.4× larger
OM
$28.9M
$21.3M
IVR
Growing faster (revenue YoY)
IVR
IVR
+57.4% gap
IVR
55.4%
-2.0%
OM
Higher net margin
IVR
IVR
309.7% more per $
IVR
242.2%
-67.5%
OM
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
1.2%
OM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVR
IVR
OM
OM
Revenue
$21.3M
$28.9M
Net Profit
$51.5M
$-19.5M
Gross Margin
42.4%
Operating Margin
-61.1%
Net Margin
242.2%
-67.5%
Revenue YoY
55.4%
-2.0%
Net Profit YoY
1368.7%
24.0%
EPS (diluted)
$0.72
$0.33

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
IVR
IVR
OM
OM
Q4 25
$21.3M
$28.9M
Q3 25
$17.6M
$29.4M
Q2 25
$17.7M
$31.4M
Q1 25
$18.8M
$29.8M
Q4 24
$13.7M
$29.5M
Q3 24
$7.5M
$28.7M
Q2 24
$8.6M
$27.4M
Q1 24
$7.0M
$28.2M
Net Profit
IVR
IVR
OM
OM
Q4 25
$51.5M
$-19.5M
Q3 25
$53.5M
$-17.8M
Q2 25
$-23.3M
$-18.5M
Q1 25
$19.6M
$-25.8M
Q4 24
$3.5M
$-25.6M
Q3 24
$40.7M
$-27.9M
Q2 24
$-13.5M
$-34.5M
Q1 24
$29.1M
$-39.9M
Gross Margin
IVR
IVR
OM
OM
Q4 25
42.4%
Q3 25
39.4%
Q2 25
37.8%
Q1 25
37.2%
Q4 24
36.5%
Q3 24
34.3%
Q2 24
35.7%
Q1 24
29.2%
Operating Margin
IVR
IVR
OM
OM
Q4 25
-61.1%
Q3 25
-53.7%
Q2 25
-53.7%
Q1 25
-55.1%
Q4 24
-74.2%
Q3 24
-83.2%
Q2 24
-112.3%
Q1 24
-131.0%
Net Margin
IVR
IVR
OM
OM
Q4 25
242.2%
-67.5%
Q3 25
303.6%
-60.6%
Q2 25
-131.6%
-59.0%
Q1 25
104.4%
-86.7%
Q4 24
25.6%
-87.0%
Q3 24
542.2%
-97.5%
Q2 24
-155.9%
-125.8%
Q1 24
415.9%
-141.8%
EPS (diluted)
IVR
IVR
OM
OM
Q4 25
$0.72
$0.33
Q3 25
$0.74
$-1.00
Q2 25
$-0.40
$-1.04
Q1 25
$0.26
$-3.66
Q4 24
$-0.09
$-7.21
Q3 24
$0.63
$-8.02
Q2 24
$-0.38
$-9.96
Q1 24
$0.49
$-11.77

Balance Sheet & Financial Strength

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

Metric
IVR
IVR
OM
OM
Cash + ST InvestmentsLiquidity on hand
$56.0M
$168.9M
Total DebtLower is stronger
$96.2M
Stockholders' EquityBook value
$797.5M
$127.0M
Total Assets
$6.5B
$264.5M
Debt / EquityLower = less leverage
0.76×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVR
IVR
OM
OM
Q4 25
$56.0M
$168.9M
Q3 25
$58.5M
$178.6M
Q2 25
$59.4M
$184.1M
Q1 25
$42.9M
$189.0M
Q4 24
$73.4M
$158.7M
Q3 24
$48.3M
$175.6M
Q2 24
$58.8M
$194.8M
Q1 24
$59.9M
$226.9M
Total Debt
IVR
IVR
OM
OM
Q4 25
$96.2M
Q3 25
Q2 25
Q1 25
Q4 24
$197.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
IVR
IVR
OM
OM
Q4 25
$797.5M
$127.0M
Q3 25
$769.6M
$142.4M
Q2 25
$709.4M
$154.8M
Q1 25
$759.2M
$169.9M
Q4 24
$730.7M
$26.8M
Q3 24
$857.0M
$47.8M
Q2 24
$759.2M
$68.6M
Q1 24
$785.6M
$93.2M
Total Assets
IVR
IVR
OM
OM
Q4 25
$6.5B
$264.5M
Q3 25
$6.0B
$277.3M
Q2 25
$5.4B
$288.8M
Q1 25
$6.2B
$301.2M
Q4 24
$5.7B
$275.8M
Q3 24
$6.1B
$292.9M
Q2 24
$5.1B
$314.5M
Q1 24
$5.2B
$346.2M
Debt / Equity
IVR
IVR
OM
OM
Q4 25
0.76×
Q3 25
Q2 25
Q1 25
Q4 24
7.36×
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
IVR
IVR
OM
OM
Operating Cash FlowLast quarter
$157.1M
$-9.5M
Free Cash FlowOCF − Capex
$-9.7M
FCF MarginFCF / Revenue
-33.7%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-47.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVR
IVR
OM
OM
Q4 25
$157.1M
$-9.5M
Q3 25
$37.3M
$-6.3M
Q2 25
$40.6M
$-4.8M
Q1 25
$19.3M
$-25.7M
Q4 24
$183.2M
$-16.5M
Q3 24
$30.8M
$-20.6M
Q2 24
$33.0M
$-33.3M
Q1 24
$57.5M
$-45.9M
Free Cash Flow
IVR
IVR
OM
OM
Q4 25
$-9.7M
Q3 25
$-6.5M
Q2 25
$-5.1M
Q1 25
$-25.8M
Q4 24
$-16.5M
Q3 24
$-21.0M
Q2 24
$-33.5M
Q1 24
$-46.3M
FCF Margin
IVR
IVR
OM
OM
Q4 25
-33.7%
Q3 25
-22.0%
Q2 25
-16.3%
Q1 25
-86.7%
Q4 24
-56.1%
Q3 24
-73.1%
Q2 24
-122.2%
Q1 24
-164.3%
Capex Intensity
IVR
IVR
OM
OM
Q4 25
0.8%
Q3 25
0.5%
Q2 25
0.9%
Q1 25
0.4%
Q4 24
0.1%
Q3 24
1.4%
Q2 24
0.4%
Q1 24
1.3%
Cash Conversion
IVR
IVR
OM
OM
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVR
IVR

Segment breakdown not available.

OM
OM

Consumables Product$13.5M47%
Service And Other Revenue$9.0M31%
Consoles Product$6.4M22%

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