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Side-by-side financial comparison of National Healthcare Properties, Inc. (NHPAP) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.

TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $84.5M, roughly 1.2× National Healthcare Properties, Inc.). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -27.0%, a 37.3% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -3.7%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs -2.2%).

Primary Health Properties plc is a British real estate investment company headquartered in London, England. As of June 2025, the company owns and operates more than 500 primary healthcare facilities within the United Kingdom and Ireland. It is listed on the London Stock Exchange and is also a constituent of the FTSE 250 Index.

Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.

NHPAP vs TCMD — Head-to-Head

Bigger by revenue
TCMD
TCMD
1.2× larger
TCMD
$103.6M
$84.5M
NHPAP
Growing faster (revenue YoY)
TCMD
TCMD
+24.8% gap
TCMD
21.0%
-3.7%
NHPAP
Higher net margin
TCMD
TCMD
37.3% more per $
TCMD
10.3%
-27.0%
NHPAP
Faster 2-yr revenue CAGR
TCMD
TCMD
Annualised
TCMD
30.2%
-2.2%
NHPAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NHPAP
NHPAP
TCMD
TCMD
Revenue
$84.5M
$103.6M
Net Profit
$-22.8M
$10.6M
Gross Margin
36.5%
78.2%
Operating Margin
-7.8%
18.1%
Net Margin
-27.0%
10.3%
Revenue YoY
-3.7%
21.0%
Net Profit YoY
-33.9%
9.4%
EPS (diluted)
$-0.92
$0.45

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
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$84.5M
$103.6M
Q3 25
$86.0M
$85.8M
Q2 25
$85.3M
$78.9M
Q1 25
$86.4M
$61.3M
Q4 24
$87.7M
$85.6M
Q3 24
$88.9M
$73.1M
Q2 24
$88.8M
$73.2M
Q1 24
$88.3M
$61.1M
Net Profit
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$-22.8M
$10.6M
Q3 25
$-12.5M
$8.2M
Q2 25
$-20.8M
$3.2M
Q1 25
$-1.5M
$-3.0M
Q4 24
$-17.0M
$9.7M
Q3 24
$-40.8M
$5.2M
Q2 24
$-116.9M
$4.3M
Q1 24
$-15.6M
$-2.2M
Gross Margin
NHPAP
NHPAP
TCMD
TCMD
Q4 25
36.5%
78.2%
Q3 25
37.4%
75.8%
Q2 25
36.9%
74.5%
Q1 25
33.4%
74.0%
Q4 24
37.4%
75.2%
Q3 24
36.6%
75.0%
Q2 24
38.1%
73.9%
Q1 24
37.5%
71.1%
Operating Margin
NHPAP
NHPAP
TCMD
TCMD
Q4 25
-7.8%
18.1%
Q3 25
2.8%
12.8%
Q2 25
-6.5%
5.2%
Q1 25
15.1%
-7.4%
Q4 24
-1.2%
14.6%
Q3 24
-23.5%
9.3%
Q2 24
-113.1%
8.0%
Q1 24
-1.3%
-4.9%
Net Margin
NHPAP
NHPAP
TCMD
TCMD
Q4 25
-27.0%
10.3%
Q3 25
-14.6%
9.6%
Q2 25
-24.4%
4.1%
Q1 25
-1.8%
-4.9%
Q4 24
-19.4%
11.4%
Q3 24
-45.8%
7.1%
Q2 24
-131.6%
5.9%
Q1 24
-17.6%
-3.6%
EPS (diluted)
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$-0.92
$0.45
Q3 25
$-0.56
$0.36
Q2 25
$-0.85
$0.14
Q1 25
$-0.18
$-0.13
Q4 24
$-0.72
$0.40
Q3 24
$-1.56
$0.21
Q2 24
$-4.24
$0.18
Q1 24
$-0.67
$-0.09

Balance Sheet & Financial Strength

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

Metric
NHPAP
NHPAP
TCMD
TCMD
Cash + ST InvestmentsLiquidity on hand
$57.6M
$83.4M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$600.1M
$218.9M
Total Assets
$1.7B
$273.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$57.6M
$83.4M
Q3 25
$47.1M
$66.0M
Q2 25
$47.1M
$81.5M
Q1 25
$71.4M
$83.6M
Q4 24
$21.7M
$94.4M
Q3 24
$32.9M
$82.1M
Q2 24
$29.5M
$73.6M
Q1 24
$28.7M
$60.7M
Total Debt
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$0
Q3 25
$0
Q2 25
Q1 25
Q4 24
Q3 24
$27.0M
Q2 24
$27.8M
Q1 24
$28.5M
Stockholders' Equity
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$600.1M
$218.9M
Q3 25
$627.2M
$204.9M
Q2 25
$647.0M
$194.9M
Q1 25
$674.6M
$205.6M
Q4 24
$684.6M
$216.6M
Q3 24
$702.6M
$207.9M
Q2 24
$756.7M
$200.7M
Q1 24
$877.7M
$193.5M
Total Assets
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$1.7B
$273.9M
Q3 25
$1.7B
$259.2M
Q2 25
$1.8B
$273.0M
Q1 25
$1.8B
$280.2M
Q4 24
$1.9B
$297.9M
Q3 24
$2.0B
$287.7M
Q2 24
$2.1B
$278.8M
Q1 24
$2.1B
$272.0M
Debt / Equity
NHPAP
NHPAP
TCMD
TCMD
Q4 25
0.00×
Q3 25
0.00×
Q2 25
Q1 25
Q4 24
Q3 24
0.13×
Q2 24
0.14×
Q1 24
0.15×

Cash Flow & Capital Efficiency

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

Metric
NHPAP
NHPAP
TCMD
TCMD
Operating Cash FlowLast quarter
$7.0M
$17.3M
Free Cash FlowOCF − Capex
$16.8M
FCF MarginFCF / Revenue
16.2%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters
$40.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$7.0M
$17.3M
Q3 25
$10.2M
$10.3M
Q2 25
$8.1M
$14.8M
Q1 25
$-21.2M
$417.0K
Q4 24
$-79.8M
$16.3M
Q3 24
$-95.2M
$10.3M
Q2 24
$6.4M
$13.1M
Q1 24
$2.5M
$924.0K
Free Cash Flow
NHPAP
NHPAP
TCMD
TCMD
Q4 25
$16.8M
Q3 25
$9.2M
Q2 25
$14.4M
Q1 25
$38.0K
Q4 24
$15.9M
Q3 24
$9.3M
Q2 24
$12.6M
Q1 24
$442.0K
FCF Margin
NHPAP
NHPAP
TCMD
TCMD
Q4 25
16.2%
Q3 25
10.8%
Q2 25
18.2%
Q1 25
0.1%
Q4 24
18.5%
Q3 24
12.7%
Q2 24
17.3%
Q1 24
0.7%
Capex Intensity
NHPAP
NHPAP
TCMD
TCMD
Q4 25
0.5%
Q3 25
1.3%
Q2 25
0.5%
Q1 25
0.6%
Q4 24
0.5%
Q3 24
1.3%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
NHPAP
NHPAP
TCMD
TCMD
Q4 25
1.63×
Q3 25
1.26×
Q2 25
4.59×
Q1 25
Q4 24
1.68×
Q3 24
1.99×
Q2 24
3.06×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

NHPAP
NHPAP

Seniors Housing Communities$56.3M67%
Outpatient Medical Facilities$28.1M33%

TCMD
TCMD

Private Insurers$57.6M56%
Medicare$24.6M24%
Durable Medical Equipment Distributors$14.1M14%
Veterans Administration$7.3M7%

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