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Side-by-side financial comparison of Live Oak Bancshares, Inc. (LOB) and Nutex Health, Inc. (NUTX). Click either name above to swap in a different company.

Nutex Health, Inc. is the larger business by last-quarter revenue ($151.7M vs $145.5M, roughly 1.0× Live Oak Bancshares, Inc.). Live Oak Bancshares, Inc. runs the higher net margin — 19.2% vs 7.8%, a 11.4% gap on every dollar of revenue. On growth, Live Oak Bancshares, Inc. posted the faster year-over-year revenue change (18.4% vs -41.1%). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% CAGR vs 7.7%).

Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc., is an American bank. Headquartered in Wilmington, North Carolina, it serves small business owners in all 50 states and was the leading SBA 7(a) lender by dollar volume in 2022.

Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.

LOB vs NUTX — Head-to-Head

Bigger by revenue
NUTX
NUTX
1.0× larger
NUTX
$151.7M
$145.5M
LOB
Growing faster (revenue YoY)
LOB
LOB
+59.5% gap
LOB
18.4%
-41.1%
NUTX
Higher net margin
LOB
LOB
11.4% more per $
LOB
19.2%
7.8%
NUTX
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
7.7%
LOB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LOB
LOB
NUTX
NUTX
Revenue
$145.5M
$151.7M
Net Profit
$27.9M
$11.8M
Gross Margin
30.4%
Operating Margin
20.4%
Net Margin
19.2%
7.8%
Revenue YoY
18.4%
-41.1%
Net Profit YoY
187.6%
-80.8%
EPS (diluted)
$0.60
$2.34

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
LOB
LOB
NUTX
NUTX
Q1 26
$145.5M
Q4 25
$161.9M
$151.7M
Q3 25
$146.1M
$267.8M
Q2 25
$143.7M
$244.0M
Q1 25
$126.1M
$211.8M
Q4 24
$116.9M
$257.6M
Q3 24
$129.9M
$78.8M
Q2 24
$125.5M
$76.1M
Net Profit
LOB
LOB
NUTX
NUTX
Q1 26
$27.9M
Q4 25
$46.2M
$11.8M
Q3 25
$26.5M
$55.4M
Q2 25
$23.4M
$-17.7M
Q1 25
$9.7M
$21.2M
Q4 24
$9.9M
$61.6M
Q3 24
$13.0M
$-8.8M
Q2 24
$27.0M
$-364.0K
Gross Margin
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
30.4%
Q3 25
57.8%
Q2 25
51.2%
Q1 25
55.9%
Q4 24
55.0%
Q3 24
27.8%
Q2 24
29.7%
Operating Margin
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
38.2%
20.4%
Q3 25
25.0%
48.7%
Q2 25
21.7%
13.8%
Q1 25
10.4%
38.1%
Q4 24
11.3%
44.4%
Q3 24
13.7%
12.3%
Q2 24
28.7%
7.0%
Net Margin
LOB
LOB
NUTX
NUTX
Q1 26
19.2%
Q4 25
28.5%
7.8%
Q3 25
18.1%
20.7%
Q2 25
16.3%
-7.3%
Q1 25
7.7%
10.0%
Q4 24
8.5%
23.9%
Q3 24
10.0%
-11.2%
Q2 24
21.5%
-0.5%
EPS (diluted)
LOB
LOB
NUTX
NUTX
Q1 26
$0.60
Q4 25
$0.96
$2.34
Q3 25
$0.55
$7.76
Q2 25
$0.51
$-2.95
Q1 25
$0.21
$3.33
Q4 24
$0.22
$11.56
Q3 24
$0.28
$-1.72
Q2 24
$0.59
$-0.07

Balance Sheet & Financial Strength

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

Metric
LOB
LOB
NUTX
NUTX
Cash + ST InvestmentsLiquidity on hand
$185.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$329.4M
Total Assets
$15.3B
$918.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
$185.6M
Q3 25
$166.0M
Q2 25
$96.7M
Q1 25
$84.7M
Q4 24
$40.6M
Q3 24
$46.9M
Q2 24
$40.8M
Stockholders' Equity
LOB
LOB
NUTX
NUTX
Q1 26
$1.3B
Q4 25
$1.2B
$329.4M
Q3 25
$1.2B
$317.2M
Q2 25
$1.1B
$235.3M
Q1 25
$1.0B
$176.9M
Q4 24
$999.0M
$132.4M
Q3 24
$1.0B
$60.4M
Q2 24
$961.0M
$62.7M
Total Assets
LOB
LOB
NUTX
NUTX
Q1 26
$15.3B
Q4 25
$15.1B
$918.5M
Q3 25
$14.7B
$964.5M
Q2 25
$13.8B
$841.0M
Q1 25
$13.6B
$761.9M
Q4 24
$12.9B
$655.3M
Q3 24
$12.6B
$438.5M
Q2 24
$11.9B
$422.4M

Cash Flow & Capital Efficiency

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

Metric
LOB
LOB
NUTX
NUTX
Operating Cash FlowLast quarter
$70.4M
Free Cash FlowOCF − Capex
$69.0M
FCF MarginFCF / Revenue
45.5%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
5.95×
TTM Free Cash FlowTrailing 4 quarters
$245.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
$158.2M
$70.4M
Q3 25
$62.3M
$99.5M
Q2 25
$49.2M
$27.3M
Q1 25
$-33.0M
$51.0M
Q4 24
$156.8M
$54.0K
Q3 24
$47.4M
$6.8M
Q2 24
$29.5M
$13.3M
Free Cash Flow
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
$143.5M
$69.0M
Q3 25
$60.6M
$99.2M
Q2 25
$47.8M
$26.5M
Q1 25
$-35.3M
$50.9M
Q4 24
$107.5M
$-341.0K
Q3 24
$41.0M
$6.2M
Q2 24
$12.3M
$12.7M
FCF Margin
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
88.6%
45.5%
Q3 25
41.4%
37.0%
Q2 25
33.3%
10.9%
Q1 25
-28.0%
24.0%
Q4 24
91.9%
-0.1%
Q3 24
31.6%
7.8%
Q2 24
9.8%
16.7%
Capex Intensity
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
9.1%
0.9%
Q3 25
1.2%
0.1%
Q2 25
1.0%
0.3%
Q1 25
1.8%
0.0%
Q4 24
42.2%
0.2%
Q3 24
4.9%
0.8%
Q2 24
13.7%
0.7%
Cash Conversion
LOB
LOB
NUTX
NUTX
Q1 26
Q4 25
3.42×
5.95×
Q3 25
2.35×
1.80×
Q2 25
2.10×
Q1 25
-3.39×
2.40×
Q4 24
15.84×
0.00×
Q3 24
3.64×
Q2 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LOB
LOB

Segment breakdown not available.

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

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