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Side-by-side financial comparison of Medirom Healthcare Technologies Inc. (MRM) and Playboy, Inc. (PLBY). Click either name above to swap in a different company.

Playboy, Inc. is the larger business by last-quarter revenue ($34.9M vs $21.1M, roughly 1.7× Medirom Healthcare Technologies Inc.). Playboy, Inc. runs the higher net margin — 10.3% vs -21.3%, a 31.6% gap on every dollar of revenue. Playboy, Inc. produced more free cash flow last quarter ($1.1M vs $-2.4K).

Medirom Healthcare Technologies Inc. develops and delivers integrated digital health and remote patient monitoring solutions targeted at chronic disease management, post-operative care, and senior health support. It serves healthcare providers, insurance payers, and institutional care partners across key markets in North America and the Asia-Pacific region, prioritizing accessible, data-driven care to improve patient outcomes.

Playboy is an American men's lifestyle and entertainment magazine, available both online and in print. It was founded in Chicago in 1953 by Hugh Hefner and his associates, funded in part by a $1,000 loan from Hefner's mother.

MRM vs PLBY — Head-to-Head

Bigger by revenue
PLBY
PLBY
1.7× larger
PLBY
$34.9M
$21.1M
MRM
Higher net margin
PLBY
PLBY
31.6% more per $
PLBY
10.3%
-21.3%
MRM
More free cash flow
PLBY
PLBY
$1.1M more FCF
PLBY
$1.1M
$-2.4K
MRM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
MRM
MRM
PLBY
PLBY
Revenue
$21.1M
$34.9M
Net Profit
$-4.5M
$3.6M
Gross Margin
10.8%
73.3%
Operating Margin
-28.5%
7.9%
Net Margin
-21.3%
10.3%
Revenue YoY
4.2%
Net Profit YoY
128.6%
EPS (diluted)
$0.05

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
MRM
MRM
PLBY
PLBY
Q4 25
$34.9M
Q3 25
$29.0M
Q2 25
$21.1M
$28.1M
Q1 25
$28.9M
Q4 24
$33.5M
Q3 24
$29.4M
Q2 24
$24.9M
Q1 24
$28.3M
Net Profit
MRM
MRM
PLBY
PLBY
Q4 25
$3.6M
Q3 25
$460.0K
Q2 25
$-4.5M
$-7.7M
Q1 25
$-9.0M
Q4 24
$-12.5M
Q3 24
$-33.8M
Q2 24
$-16.7M
Q1 24
$-16.4M
Gross Margin
MRM
MRM
PLBY
PLBY
Q4 25
73.3%
Q3 25
76.0%
Q2 25
10.8%
65.4%
Q1 25
68.6%
Q4 24
70.8%
Q3 24
61.0%
Q2 24
67.8%
Q1 24
55.8%
Operating Margin
MRM
MRM
PLBY
PLBY
Q4 25
7.9%
Q3 25
4.7%
Q2 25
-28.5%
-20.9%
Q1 25
-21.7%
Q4 24
-13.3%
Q3 24
-96.0%
Q2 24
-37.0%
Q1 24
-31.5%
Net Margin
MRM
MRM
PLBY
PLBY
Q4 25
10.3%
Q3 25
1.6%
Q2 25
-21.3%
-27.3%
Q1 25
-31.3%
Q4 24
-37.4%
Q3 24
-114.7%
Q2 24
-66.9%
Q1 24
-58.1%
EPS (diluted)
MRM
MRM
PLBY
PLBY
Q4 25
$0.05
Q3 25
$0.00
Q2 25
$-0.08
Q1 25
$-0.10
Q4 24
$-0.13
Q3 24
$-0.45
Q2 24
$-0.23
Q1 24
$-0.23

Balance Sheet & Financial Strength

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

Metric
MRM
MRM
PLBY
PLBY
Cash + ST InvestmentsLiquidity on hand
$252.3K
$37.8M
Total DebtLower is stronger
$8.8M
$174.2M
Stockholders' EquityBook value
$1.6M
$18.4M
Total Assets
$52.0M
$292.4M
Debt / EquityLower = less leverage
5.55×
9.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRM
MRM
PLBY
PLBY
Q4 25
$37.8M
Q3 25
$27.5M
Q2 25
$252.3K
$19.6M
Q1 25
$23.7M
Q4 24
$30.9M
Q3 24
$9.5M
Q2 24
$16.9M
Q1 24
$19.0M
Total Debt
MRM
MRM
PLBY
PLBY
Q4 25
$174.2M
Q3 25
$176.8M
Q2 25
$8.8M
$177.5M
Q1 25
$176.3M
Q4 24
$176.6M
Q3 24
$200.0M
Q2 24
$196.3M
Q1 24
$193.4M
Stockholders' Equity
MRM
MRM
PLBY
PLBY
Q4 25
$18.4M
Q3 25
$3.8M
Q2 25
$1.6M
$-17.5M
Q1 25
$-11.4M
Q4 24
$-7.7M
Q3 24
$-15.7M
Q2 24
$15.7M
Q1 24
$29.5M
Total Assets
MRM
MRM
PLBY
PLBY
Q4 25
$292.4M
Q3 25
$278.3M
Q2 25
$52.0M
$264.1M
Q1 25
$270.6M
Q4 24
$284.7M
Q3 24
$271.5M
Q2 24
$301.8M
Q1 24
$309.1M
Debt / Equity
MRM
MRM
PLBY
PLBY
Q4 25
9.48×
Q3 25
46.86×
Q2 25
5.55×
Q1 25
Q4 24
Q3 24
Q2 24
12.51×
Q1 24
6.54×

Cash Flow & Capital Efficiency

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

Metric
MRM
MRM
PLBY
PLBY
Operating Cash FlowLast quarter
$-2.3K
$1.4M
Free Cash FlowOCF − Capex
$-2.4K
$1.1M
FCF MarginFCF / Revenue
-0.0%
3.2%
Capex IntensityCapex / Revenue
0.0%
0.8%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$-1.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRM
MRM
PLBY
PLBY
Q4 25
$1.4M
Q3 25
$10.1M
Q2 25
$-2.3K
$-3.9M
Q1 25
$-7.6M
Q4 24
$161.0K
Q3 24
$-6.5M
Q2 24
$-3.0M
Q1 24
$-9.8M
Free Cash Flow
MRM
MRM
PLBY
PLBY
Q4 25
$1.1M
Q3 25
$9.8M
Q2 25
$-2.4K
$-4.3M
Q1 25
$-7.7M
Q4 24
$-401.0K
Q3 24
$-7.0M
Q2 24
$-3.7M
Q1 24
$-10.3M
FCF Margin
MRM
MRM
PLBY
PLBY
Q4 25
3.2%
Q3 25
33.8%
Q2 25
-0.0%
-15.2%
Q1 25
-26.5%
Q4 24
-1.2%
Q3 24
-23.7%
Q2 24
-14.8%
Q1 24
-36.5%
Capex Intensity
MRM
MRM
PLBY
PLBY
Q4 25
0.8%
Q3 25
1.1%
Q2 25
0.0%
1.4%
Q1 25
0.1%
Q4 24
1.7%
Q3 24
1.5%
Q2 24
2.6%
Q1 24
2.1%
Cash Conversion
MRM
MRM
PLBY
PLBY
Q4 25
0.39×
Q3 25
22.02×
Q2 25
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

MRM
MRM

Professional services expense$20.0M95%
Other$1.1M5%

PLBY
PLBY

Transferred At Point In Time$22.2M64%
Trademark Licensing$6.5M19%
Related Party$5.0M14%
Other$1.1M3%

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