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Side-by-side financial comparison of Laird Superfood, Inc. (LSF) and SHOULDER INNOVATIONS, INC. (SI). Click either name above to swap in a different company.

Laird Superfood, Inc. is the larger business by last-quarter revenue ($13.3M vs $11.8M, roughly 1.1× SHOULDER INNOVATIONS, INC.). Laird Superfood, Inc. runs the higher net margin — -13.2% vs -74.3%, a 61.1% gap on every dollar of revenue.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

Shoulder Innovations, Inc. is a medical technology firm specializing in design, development, and commercialization of innovative orthopedic devices for shoulder replacement surgery. Its products reduce surgical complications, improve patient outcomes, and are sold to orthopedic surgeons and healthcare providers across North America and Western Europe.

LSF vs SI — Head-to-Head

Bigger by revenue
LSF
LSF
1.1× larger
LSF
$13.3M
$11.8M
SI
Higher net margin
LSF
LSF
61.1% more per $
LSF
-13.2%
-74.3%
SI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LSF
LSF
SI
SI
Revenue
$13.3M
$11.8M
Net Profit
$-1.8M
$-8.7M
Gross Margin
34.1%
76.2%
Operating Margin
-13.5%
-65.0%
Net Margin
-13.2%
-74.3%
Revenue YoY
15.0%
Net Profit YoY
-341.4%
EPS (diluted)
$-0.64

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
LSF
LSF
SI
SI
Q4 25
$13.3M
Q3 25
$12.9M
$11.8M
Q2 25
$12.0M
$11.0M
Q1 25
$11.7M
Q4 24
$11.6M
Q3 24
$11.8M
Q2 24
$10.0M
Q1 24
$9.9M
Net Profit
LSF
LSF
SI
SI
Q4 25
$-1.8M
Q3 25
$-975.1K
$-8.7M
Q2 25
$-362.2K
$-19.2M
Q1 25
$-156.2K
Q4 24
$-398.4K
Q3 24
$-166.1K
Q2 24
$-239.1K
Q1 24
$-1.0M
Gross Margin
LSF
LSF
SI
SI
Q4 25
34.1%
Q3 25
36.5%
76.2%
Q2 25
39.9%
76.2%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
LSF
LSF
SI
SI
Q4 25
-13.5%
Q3 25
-7.7%
-65.0%
Q2 25
-3.3%
-53.2%
Q1 25
-1.9%
Q4 24
-4.1%
Q3 24
-2.3%
Q2 24
-3.4%
Q1 24
-11.0%
Net Margin
LSF
LSF
SI
SI
Q4 25
-13.2%
Q3 25
-7.6%
-74.3%
Q2 25
-3.0%
-174.3%
Q1 25
-1.3%
Q4 24
-3.4%
Q3 24
-1.4%
Q2 24
-2.4%
Q1 24
-10.3%
EPS (diluted)
LSF
LSF
SI
SI
Q4 25
Q3 25
$-0.64
Q2 25
$-165.53
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
LSF
LSF
SI
SI
Cash + ST InvestmentsLiquidity on hand
$5.1M
$54.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$11.5M
$147.8M
Total Assets
$19.2M
$177.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSF
LSF
SI
SI
Q4 25
$5.1M
Q3 25
$5.1M
$54.9M
Q2 25
$3.9M
$27.1M
Q1 25
$7.0M
Q4 24
$8.3M
Q3 24
$7.9M
Q2 24
$7.6M
Q1 24
$7.1M
Stockholders' Equity
LSF
LSF
SI
SI
Q4 25
$11.5M
Q3 25
$12.8M
$147.8M
Q2 25
$13.4M
$-78.2M
Q1 25
$13.3M
Q4 24
$13.2M
Q3 24
$13.1M
Q2 24
$12.6M
Q1 24
$12.7M
Total Assets
LSF
LSF
SI
SI
Q4 25
$19.2M
Q3 25
$18.9M
$177.8M
Q2 25
$20.4M
$77.8M
Q1 25
$21.5M
Q4 24
$19.3M
Q3 24
$18.8M
Q2 24
$18.0M
Q1 24
$17.6M

Cash Flow & Capital Efficiency

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

Metric
LSF
LSF
SI
SI
Operating Cash FlowLast quarter
$68.4K
$-8.6M
Free Cash FlowOCF − Capex
$-11.4M
FCF MarginFCF / Revenue
-96.7%
Capex IntensityCapex / Revenue
23.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSF
LSF
SI
SI
Q4 25
$68.4K
Q3 25
$1.2M
$-8.6M
Q2 25
$-2.8M
$-11.3M
Q1 25
$-1.3M
Q4 24
$339.2K
Q3 24
$305.8K
Q2 24
$642.7K
Q1 24
$-422.3K
Free Cash Flow
LSF
LSF
SI
SI
Q4 25
Q3 25
$-11.4M
Q2 25
$-13.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
LSF
LSF
SI
SI
Q4 25
Q3 25
-96.7%
Q2 25
-123.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
LSF
LSF
SI
SI
Q4 25
Q3 25
23.9%
Q2 25
21.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

SI
SI

Segment breakdown not available.

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