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Side-by-side financial comparison of LifeMD, Inc. (LFMD) and TXO Partners, L.P. (TXO). Click either name above to swap in a different company.

TXO Partners, L.P. is the larger business by last-quarter revenue ($103.7M vs $60.2M, roughly 1.7× LifeMD, Inc.). LifeMD, Inc. runs the higher net margin — -6.3% vs -27.2%, a 20.9% gap on every dollar of revenue. On growth, TXO Partners, L.P. posted the faster year-over-year revenue change (14.5% vs 13.0%). Over the past eight quarters, LifeMD, Inc.'s revenue compounded faster (24.8% CAGR vs 23.1%).

SBI Life Insurance Company Limited is an Indian life insurance company. It was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif.

TXO Partners, L.P. is a U.S.-based energy sector master limited partnership. It acquires, develops and manages oil and natural gas assets across key North American production basins, with operations covering upstream exploration, production and midstream transportation, serving industrial, utility and wholesale energy clients.

LFMD vs TXO — Head-to-Head

Bigger by revenue
TXO
TXO
1.7× larger
TXO
$103.7M
$60.2M
LFMD
Growing faster (revenue YoY)
TXO
TXO
+1.5% gap
TXO
14.5%
13.0%
LFMD
Higher net margin
LFMD
LFMD
20.9% more per $
LFMD
-6.3%
-27.2%
TXO
Faster 2-yr revenue CAGR
LFMD
LFMD
Annualised
LFMD
24.8%
23.1%
TXO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LFMD
LFMD
TXO
TXO
Revenue
$60.2M
$103.7M
Net Profit
$-3.8M
$-28.3M
Gross Margin
87.7%
Operating Margin
-3.3%
-26.1%
Net Margin
-6.3%
-27.2%
Revenue YoY
13.0%
14.5%
Net Profit YoY
18.3%
-376.5%
EPS (diluted)
$-0.57

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
LFMD
LFMD
TXO
TXO
Q4 25
$103.7M
Q3 25
$60.2M
$90.6M
Q2 25
$62.7M
$75.0M
Q1 25
$64.1M
$93.8M
Q4 24
$90.6M
Q3 24
$53.3M
$69.3M
Q2 24
$50.7M
$57.0M
Q1 24
$44.1M
$68.5M
Net Profit
LFMD
LFMD
TXO
TXO
Q4 25
$-28.3M
Q3 25
$-3.8M
$4.4M
Q2 25
$-1.6M
$-135.0K
Q1 25
$-183.8K
$2.4M
Q4 24
$10.2M
Q3 24
$-4.7M
$203.0K
Q2 24
$-6.9M
$2.8M
Q1 24
$-6.8M
$10.3M
Gross Margin
LFMD
LFMD
TXO
TXO
Q4 25
Q3 25
87.7%
Q2 25
88.1%
Q1 25
86.5%
Q4 24
Q3 24
90.6%
Q2 24
90.1%
Q1 24
89.6%
Operating Margin
LFMD
LFMD
TXO
TXO
Q4 25
-26.1%
Q3 25
-3.3%
4.2%
Q2 25
-0.7%
-5.0%
Q1 25
1.5%
-3.8%
Q4 24
6.1%
Q3 24
-7.5%
-7.2%
Q2 24
-12.4%
-17.7%
Q1 24
-14.0%
3.9%
Net Margin
LFMD
LFMD
TXO
TXO
Q4 25
-27.2%
Q3 25
-6.3%
4.8%
Q2 25
-2.6%
-0.2%
Q1 25
-0.3%
2.6%
Q4 24
11.3%
Q3 24
-8.7%
0.3%
Q2 24
-13.6%
4.9%
Q1 24
-15.3%
15.0%
EPS (diluted)
LFMD
LFMD
TXO
TXO
Q4 25
$-0.57
Q3 25
$0.08
Q2 25
$-0.05
$0.00
Q1 25
$-0.02
$0.06
Q4 24
$0.22
Q3 24
$-0.13
$0.01
Q2 24
$0.09
Q1 24
$0.33

Balance Sheet & Financial Strength

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

Metric
LFMD
LFMD
TXO
TXO
Cash + ST InvestmentsLiquidity on hand
$9.4M
Total DebtLower is stronger
$291.1M
Stockholders' EquityBook value
$1.3M
Total Assets
$66.0M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFMD
LFMD
TXO
TXO
Q4 25
$9.4M
Q3 25
$5.3M
Q2 25
$36.2M
$8.0M
Q1 25
$34.4M
$10.8M
Q4 24
$7.3M
Q3 24
$37.6M
$3.8M
Q2 24
$35.7M
$76.0M
Q1 24
$35.1M
$4.6M
Total Debt
LFMD
LFMD
TXO
TXO
Q4 25
$291.1M
Q3 25
$271.1M
Q2 25
$15.9M
$19.1M
Q1 25
$162.1M
Q4 24
$157.1M
Q3 24
$155.1M
Q2 24
$7.1M
Q1 24
$26.1M
Stockholders' Equity
LFMD
LFMD
TXO
TXO
Q4 25
Q3 25
$1.3M
Q2 25
$-1.8M
Q1 25
$-2.3M
Q4 24
Q3 24
$-7.7M
Q2 24
$-4.2M
Q1 24
$-845.3K
Total Assets
LFMD
LFMD
TXO
TXO
Q4 25
$1.4B
Q3 25
$66.0M
$1.4B
Q2 25
$73.6M
$1.0B
Q1 25
$73.6M
$1.0B
Q4 24
$1.0B
Q3 24
$72.6M
$1.0B
Q2 24
$63.8M
$774.5M
Q1 24
$61.5M
$688.2M

Cash Flow & Capital Efficiency

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

Metric
LFMD
LFMD
TXO
TXO
Operating Cash FlowLast quarter
$-147.1K
$32.5M
Free Cash FlowOCF − Capex
$-944.4K
FCF MarginFCF / Revenue
-1.6%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$16.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFMD
LFMD
TXO
TXO
Q4 25
$32.5M
Q3 25
$-147.1K
$28.3M
Q2 25
$8.6M
$26.9M
Q1 25
$3.1M
$30.6M
Q4 24
$40.5M
Q3 24
$6.7M
$20.7M
Q2 24
$4.5M
$22.9M
Q1 24
$5.2M
$25.2M
Free Cash Flow
LFMD
LFMD
TXO
TXO
Q4 25
Q3 25
$-944.4K
Q2 25
$7.8M
Q1 25
$2.9M
Q4 24
Q3 24
$6.3M
Q2 24
$3.9M
Q1 24
$5.0M
FCF Margin
LFMD
LFMD
TXO
TXO
Q4 25
Q3 25
-1.6%
Q2 25
12.5%
Q1 25
4.6%
Q4 24
Q3 24
11.7%
Q2 24
7.7%
Q1 24
11.4%
Capex Intensity
LFMD
LFMD
TXO
TXO
Q4 25
Q3 25
1.3%
Q2 25
1.3%
Q1 25
0.2%
Q4 24
Q3 24
0.8%
Q2 24
1.3%
Q1 24
0.4%
Cash Conversion
LFMD
LFMD
TXO
TXO
Q4 25
Q3 25
6.50×
Q2 25
Q1 25
12.67×
Q4 24
3.96×
Q3 24
102.02×
Q2 24
8.15×
Q1 24
2.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LFMD
LFMD

Telehealth Subscription Revenue$27.3M45%
Telehealth$20.0M33%
Work Simpli Revenue$12.9M21%
Product And Services$2.5M4%

TXO
TXO

Oil And Condensate$92.8M89%
Natural Gas Liquids Reserves$8.2M8%
Other$2.8M3%

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