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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and Petco Health & Wellness Company, Inc. (WOOF). Click either name above to swap in a different company.

Petco Health & Wellness Company, Inc. is the larger business by last-quarter revenue ($1.5B vs $1.3M, roughly 1141.4× NaaS Technology Inc.). On growth, Petco Health & Wellness Company, Inc. posted the faster year-over-year revenue change (-3.1% vs -95.0%).

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

Petco Health and Wellness Company, Inc. is an American pet retailer with corporate offices in San Diego and San Antonio. Petco sells pet food, products, and services, as well as certain types of live small animals.

NAAS vs WOOF — Head-to-Head

Bigger by revenue
WOOF
WOOF
1141.4× larger
WOOF
$1.5B
$1.3M
NAAS
Growing faster (revenue YoY)
WOOF
WOOF
+91.9% gap
WOOF
-3.1%
-95.0%
NAAS

Income Statement — Q2 2025 vs Q4 2026

Metric
NAAS
NAAS
WOOF
WOOF
Revenue
$1.3M
$1.5B
Net Profit
$9.3M
Gross Margin
96.7%
38.9%
Operating Margin
-58.7%
2.0%
Net Margin
0.6%
Revenue YoY
-95.0%
-3.1%
Net Profit YoY
156.0%
EPS (diluted)
$0.03

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
NAAS
NAAS
WOOF
WOOF
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.3M
$1.5B
Q1 25
$1.6B
Q4 24
$1.5B
Q3 24
$874.1K
$1.5B
Q2 24
$25.9M
$1.5B
Q1 24
$1.8M
$1.7B
Net Profit
NAAS
NAAS
WOOF
WOOF
Q4 25
$9.3M
Q3 25
$14.0M
Q2 25
$-11.7M
Q1 25
$-13.8M
Q4 24
$-16.7M
Q3 24
$-163.4K
$-24.8M
Q2 24
$-50.0M
$-46.5M
Q1 24
$-4.4M
$-22.6M
Gross Margin
NAAS
NAAS
WOOF
WOOF
Q4 25
38.9%
Q3 25
39.3%
Q2 25
96.7%
38.2%
Q1 25
38.0%
Q4 24
38.1%
Q3 24
56.6%
38.1%
Q2 24
29.2%
37.8%
Q1 24
25.3%
36.2%
Operating Margin
NAAS
NAAS
WOOF
WOOF
Q4 25
2.0%
Q3 25
2.9%
Q2 25
-58.7%
1.1%
Q1 25
1.1%
Q4 24
0.3%
Q3 24
-112.9%
0.2%
Q2 24
-144.2%
-1.1%
Q1 24
-193.9%
0.0%
Net Margin
NAAS
NAAS
WOOF
WOOF
Q4 25
0.6%
Q3 25
0.9%
Q2 25
-0.8%
Q1 25
-0.9%
Q4 24
-1.1%
Q3 24
-18.7%
-1.6%
Q2 24
-193.3%
-3.0%
Q1 24
-236.7%
-1.3%
EPS (diluted)
NAAS
NAAS
WOOF
WOOF
Q4 25
$0.03
Q3 25
$0.05
Q2 25
$-0.04
Q1 25
$-0.05
Q4 24
$-0.06
Q3 24
$-0.09
Q2 24
$-0.02
$-0.17
Q1 24
$-0.09

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
WOOF
WOOF
Cash + ST InvestmentsLiquidity on hand
$237.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
Total Assets
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
WOOF
WOOF
Q4 25
$237.4M
Q3 25
$188.7M
Q2 25
$133.3M
Q1 25
$165.8M
Q4 24
$116.7M
Q3 24
$127.6M
Q2 24
$24.7M
$89.7M
Q1 24
$125.4M
Stockholders' Equity
NAAS
NAAS
WOOF
WOOF
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$-33.4M
$1.2B
Q1 24
$1.2B
Total Assets
NAAS
NAAS
WOOF
WOOF
Q4 25
$5.2B
Q3 25
$5.2B
Q2 25
$5.1B
Q1 25
$5.2B
Q4 24
$5.2B
Q3 24
$5.3B
Q2 24
$180.2M
$5.3B
Q1 24
$5.4B

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
WOOF
WOOF
Operating Cash FlowLast quarter
$90.1M
Free Cash FlowOCF − Capex
$60.6M
FCF MarginFCF / Revenue
4.1%
Capex IntensityCapex / Revenue
2.0%
Cash ConversionOCF / Net Profit
9.66×
TTM Free Cash FlowTrailing 4 quarters
$129.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
WOOF
WOOF
Q4 25
$90.1M
Q3 25
$85.9M
Q2 25
$-15.5M
Q1 25
$96.0M
Q4 24
$20.7M
Q3 24
$69.4M
Q2 24
$-25.7M
$-8.4M
Q1 24
$47.0M
Free Cash Flow
NAAS
NAAS
WOOF
WOOF
Q4 25
$60.6M
Q3 25
$53.8M
Q2 25
$-43.9M
Q1 25
$59.0M
Q4 24
$-10.3M
Q3 24
$42.0M
Q2 24
$-41.1M
Q1 24
$-2.0M
FCF Margin
NAAS
NAAS
WOOF
WOOF
Q4 25
4.1%
Q3 25
3.6%
Q2 25
-2.9%
Q1 25
3.8%
Q4 24
-0.7%
Q3 24
2.8%
Q2 24
-2.7%
Q1 24
-0.1%
Capex Intensity
NAAS
NAAS
WOOF
WOOF
Q4 25
2.0%
Q3 25
2.2%
Q2 25
1.9%
Q1 25
2.4%
Q4 24
2.1%
Q3 24
1.8%
Q2 24
2.1%
Q1 24
2.9%
Cash Conversion
NAAS
NAAS
WOOF
WOOF
Q4 25
9.66×
Q3 25
6.15×
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

NAAS
NAAS

Segment breakdown not available.

WOOF
WOOF

Consumables$731.5M50%
Supplies And Companion Animals$478.1M33%
Services & Other$254.8M17%

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