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Side-by-side financial comparison of MEDIFAST INC (MED) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $75.1M, roughly 1.0× MEDIFAST INC). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -36.9%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-6.6M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs -34.4%).

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

MED vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.0× larger
PBYI
$75.5M
$75.1M
MED
Growing faster (revenue YoY)
PBYI
PBYI
+64.6% gap
PBYI
27.7%
-36.9%
MED
More free cash flow
PBYI
PBYI
$21.0M more FCF
PBYI
$14.4M
$-6.6M
MED
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-34.4%
MED

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MED
MED
PBYI
PBYI
Revenue
$75.1M
$75.5M
Net Profit
Gross Margin
69.4%
69.3%
Operating Margin
-10.4%
22.7%
Net Margin
Revenue YoY
-36.9%
27.7%
Net Profit YoY
EPS (diluted)
$-1.64
$0.26

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
MED
MED
PBYI
PBYI
Q4 25
$75.1M
$75.5M
Q3 25
$89.4M
$54.5M
Q2 25
$105.6M
$52.4M
Q1 25
$115.7M
$46.0M
Q4 24
$119.0M
$59.1M
Q3 24
$140.2M
$80.5M
Q2 24
$168.6M
$47.1M
Q1 24
$174.7M
$43.8M
Net Profit
MED
MED
PBYI
PBYI
Q4 25
Q3 25
$-2.3M
$8.8M
Q2 25
$2.5M
$5.9M
Q1 25
$-772.0K
$3.0M
Q4 24
Q3 24
$1.1M
$20.3M
Q2 24
$-8.2M
$-4.5M
Q1 24
$8.3M
$-4.8M
Gross Margin
MED
MED
PBYI
PBYI
Q4 25
69.4%
69.3%
Q3 25
69.5%
77.7%
Q2 25
72.6%
76.5%
Q1 25
72.8%
77.1%
Q4 24
74.1%
76.4%
Q3 24
75.4%
63.9%
Q2 24
73.2%
77.4%
Q1 24
72.8%
75.5%
Operating Margin
MED
MED
PBYI
PBYI
Q4 25
-10.4%
22.7%
Q3 25
-4.6%
17.6%
Q2 25
-1.0%
12.7%
Q1 25
-1.1%
8.7%
Q4 24
0.6%
22.6%
Q3 24
1.5%
27.4%
Q2 24
-4.7%
-4.6%
Q1 24
4.5%
-5.3%
Net Margin
MED
MED
PBYI
PBYI
Q4 25
Q3 25
-2.5%
16.2%
Q2 25
2.3%
11.2%
Q1 25
-0.7%
6.5%
Q4 24
Q3 24
0.8%
25.2%
Q2 24
-4.8%
-9.6%
Q1 24
4.8%
-11.0%
EPS (diluted)
MED
MED
PBYI
PBYI
Q4 25
$-1.64
$0.26
Q3 25
$-0.21
$0.17
Q2 25
$0.22
$0.12
Q1 25
$-0.07
$0.06
Q4 24
$0.08
$0.40
Q3 24
$0.10
$0.41
Q2 24
$-0.75
$-0.09
Q1 24
$0.76
$-0.10

Balance Sheet & Financial Strength

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

Metric
MED
MED
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$167.3M
$97.5M
Total DebtLower is stronger
$22.7M
Stockholders' EquityBook value
$198.9M
$130.3M
Total Assets
$248.0M
$216.3M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MED
MED
PBYI
PBYI
Q4 25
$167.3M
$97.5M
Q3 25
$173.5M
$94.4M
Q2 25
$162.7M
$96.0M
Q1 25
$164.6M
$93.2M
Q4 24
$162.3M
$101.0M
Q3 24
$170.0M
$96.7M
Q2 24
$163.5M
$96.8M
Q1 24
$156.4M
$107.2M
Total Debt
MED
MED
PBYI
PBYI
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
MED
MED
PBYI
PBYI
Q4 25
$198.9M
$130.3M
Q3 25
$214.7M
$115.3M
Q2 25
$216.0M
$104.7M
Q1 25
$211.0M
$97.1M
Q4 24
$210.1M
$92.1M
Q3 24
$207.3M
$71.1M
Q2 24
$205.3M
$48.5M
Q1 24
$211.0M
$51.0M
Total Assets
MED
MED
PBYI
PBYI
Q4 25
$248.0M
$216.3M
Q3 25
$268.2M
$202.9M
Q2 25
$269.3M
$194.9M
Q1 25
$280.0M
$196.2M
Q4 24
$284.2M
$213.3M
Q3 24
$291.2M
$220.7M
Q2 24
$293.5M
$205.0M
Q1 24
$302.8M
$214.1M
Debt / Equity
MED
MED
PBYI
PBYI
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
MED
MED
PBYI
PBYI
Operating Cash FlowLast quarter
$-5.3M
$14.4M
Free Cash FlowOCF − Capex
$-6.6M
$14.4M
FCF MarginFCF / Revenue
-8.8%
19.1%
Capex IntensityCapex / Revenue
1.8%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MED
MED
PBYI
PBYI
Q4 25
$-5.3M
$14.4M
Q3 25
$12.1M
$9.7M
Q2 25
$-3.4M
$14.1M
Q1 25
$3.4M
$3.6M
Q4 24
$-4.9M
$15.6M
Q3 24
$9.1M
$11.0M
Q2 24
$13.1M
$1.0M
Q1 24
$7.3M
$11.2M
Free Cash Flow
MED
MED
PBYI
PBYI
Q4 25
$-6.6M
$14.4M
Q3 25
$10.8M
$9.7M
Q2 25
$-4.8M
$14.1M
Q1 25
$1.9M
$3.6M
Q4 24
$-7.2M
$15.6M
Q3 24
$7.7M
$11.0M
Q2 24
$11.1M
$1.0M
Q1 24
$5.4M
FCF Margin
MED
MED
PBYI
PBYI
Q4 25
-8.8%
19.1%
Q3 25
12.0%
17.7%
Q2 25
-4.5%
26.8%
Q1 25
1.6%
7.7%
Q4 24
-6.1%
26.4%
Q3 24
5.5%
13.7%
Q2 24
6.6%
2.1%
Q1 24
3.1%
Capex Intensity
MED
MED
PBYI
PBYI
Q4 25
1.8%
0.0%
Q3 25
1.5%
0.0%
Q2 25
1.3%
0.0%
Q1 25
1.3%
0.1%
Q4 24
1.9%
0.0%
Q3 24
1.0%
0.0%
Q2 24
1.1%
0.0%
Q1 24
1.1%
0.0%
Cash Conversion
MED
MED
PBYI
PBYI
Q4 25
Q3 25
1.10×
Q2 25
-1.36×
2.41×
Q1 25
1.21×
Q4 24
Q3 24
8.04×
0.54×
Q2 24
Q1 24
0.88×

Financial Flow Comparison

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

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