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Side-by-side financial comparison of NPK International Inc. (NPKI) and PETMED EXPRESS INC (PETS). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $40.7M, roughly 1.8× PETMED EXPRESS INC). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs -23.3%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-9.2M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% CAGR vs -20.9%).
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
NPKI vs PETS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $75.2M | $40.7M |
| Net Profit | — | $-10.6M |
| Gross Margin | 37.7% | 23.3% |
| Operating Margin | 16.7% | -25.7% |
| Net Margin | — | -26.0% |
| Revenue YoY | 30.7% | -23.3% |
| Net Profit YoY | — | -1392.6% |
| EPS (diluted) | $0.17 | $-0.50 |
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.
| Q4 25 | $75.2M | $40.7M | ||
| Q3 25 | $68.8M | $44.4M | ||
| Q2 25 | $68.2M | $51.2M | ||
| Q1 25 | $64.8M | $50.8M | ||
| Q4 24 | $57.5M | $52.0M | ||
| Q3 24 | $44.2M | $58.0M | ||
| Q2 24 | $66.8M | $66.2M | ||
| Q1 24 | $49.0M | $65.1M |
| Q4 25 | — | $-10.6M | ||
| Q3 25 | $5.7M | $-8.5M | ||
| Q2 25 | $8.7M | $-34.2M | ||
| Q1 25 | $10.0M | $-11.6M | ||
| Q4 24 | — | $-707.0K | ||
| Q3 24 | $-174.3M | $2.3M | ||
| Q2 24 | $8.0M | $3.8M | ||
| Q1 24 | $7.3M | $-5.0M |
| Q4 25 | 37.7% | 23.3% | ||
| Q3 25 | 31.9% | 28.0% | ||
| Q2 25 | 36.9% | 28.1% | ||
| Q1 25 | 39.0% | 29.9% | ||
| Q4 24 | 39.2% | 31.0% | ||
| Q3 24 | 27.5% | 32.3% | ||
| Q2 24 | 37.2% | 28.8% | ||
| Q1 24 | 36.0% | 29.3% |
| Q4 25 | 16.7% | -25.7% | ||
| Q3 25 | 13.2% | -18.9% | ||
| Q2 25 | 17.0% | -66.7% | ||
| Q1 25 | 20.9% | -11.9% | ||
| Q4 24 | 20.2% | -0.9% | ||
| Q3 24 | 2.8% | 1.0% | ||
| Q2 24 | 18.7% | 6.6% | ||
| Q1 24 | 14.2% | -5.9% |
| Q4 25 | — | -26.0% | ||
| Q3 25 | 8.2% | -19.2% | ||
| Q2 25 | 12.7% | -66.7% | ||
| Q1 25 | 15.4% | -22.9% | ||
| Q4 24 | — | -1.4% | ||
| Q3 24 | -394.3% | 4.0% | ||
| Q2 24 | 12.0% | 5.7% | ||
| Q1 24 | 14.9% | -7.7% |
| Q4 25 | $0.17 | $-0.50 | ||
| Q3 25 | $0.07 | $-0.41 | ||
| Q2 25 | $0.10 | $-1.65 | ||
| Q1 25 | $0.11 | $-0.56 | ||
| Q4 24 | $0.10 | $-0.03 | ||
| Q3 24 | $-1.99 | $0.11 | ||
| Q2 24 | $0.09 | $0.18 | ||
| Q1 24 | $0.08 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.1M | $26.9M |
| Total DebtLower is stronger | $16.9M | — |
| Stockholders' EquityBook value | $351.2M | $32.8M |
| Total Assets | $441.8M | $88.0M |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $26.9M | ||
| Q3 25 | $35.6M | $36.1M | ||
| Q2 25 | $26.0M | $41.1M | ||
| Q1 25 | $20.8M | $54.7M | ||
| Q4 24 | $17.8M | $50.1M | ||
| Q3 24 | $42.9M | $52.0M | ||
| Q2 24 | $35.1M | $46.0M | ||
| Q1 24 | $37.7M | $55.3M |
| Q4 25 | $16.9M | — | ||
| Q3 25 | $9.5M | — | ||
| Q2 25 | $9.3M | — | ||
| Q1 25 | $8.1M | — | ||
| Q4 24 | $7.7M | — | ||
| Q3 24 | $14.0M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | $77.4M | — |
| Q4 25 | $351.2M | $32.8M | ||
| Q3 25 | $333.9M | $43.1M | ||
| Q2 25 | $328.8M | $51.5M | ||
| Q1 25 | $326.9M | $85.1M | ||
| Q4 24 | $326.5M | $96.2M | ||
| Q3 24 | $316.5M | $96.4M | ||
| Q2 24 | $426.6M | $93.5M | ||
| Q1 24 | $421.6M | $96.7M |
| Q4 25 | $441.8M | $88.0M | ||
| Q3 25 | $404.5M | $100.3M | ||
| Q2 25 | $393.7M | $109.8M | ||
| Q1 25 | $390.0M | $148.7M | ||
| Q4 24 | $393.7M | $144.8M | ||
| Q3 24 | $389.6M | $146.0M | ||
| Q2 24 | $624.8M | $152.7M | ||
| Q1 24 | $640.8M | $169.9M |
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.03× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.02× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.18× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $18.0M | $-9.2M |
| Free Cash FlowOCF − Capex | $5.8M | $-9.2M |
| FCF MarginFCF / Revenue | 7.6% | -22.7% |
| Capex IntensityCapex / Revenue | 16.3% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.3M | $-23.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.0M | $-9.2M | ||
| Q3 25 | $24.7M | $-2.2M | ||
| Q2 25 | $21.4M | $-12.3M | ||
| Q1 25 | $8.8M | $7.0M | ||
| Q4 24 | $-4.1M | $-1.2M | ||
| Q3 24 | $2.8M | $7.4M | ||
| Q2 24 | $27.6M | $-8.5M | ||
| Q1 24 | $11.9M | $7.1M |
| Q4 25 | $5.8M | $-9.2M | ||
| Q3 25 | $12.0M | $-4.8M | ||
| Q2 25 | $9.7M | $-13.6M | ||
| Q1 25 | $-1.2M | $4.6M | ||
| Q4 24 | $-17.7M | $-1.9M | ||
| Q3 24 | $-6.7M | $6.1M | ||
| Q2 24 | $21.0M | $-9.2M | ||
| Q1 24 | $-1.9M | $5.9M |
| Q4 25 | 7.6% | -22.7% | ||
| Q3 25 | 17.4% | -10.8% | ||
| Q2 25 | 14.3% | -26.5% | ||
| Q1 25 | -1.8% | 9.1% | ||
| Q4 24 | -30.8% | -3.7% | ||
| Q3 24 | -15.2% | 10.6% | ||
| Q2 24 | 31.4% | -13.9% | ||
| Q1 24 | -3.9% | 9.0% |
| Q4 25 | 16.3% | 0.1% | ||
| Q3 25 | 18.5% | 5.9% | ||
| Q2 25 | 17.1% | 2.5% | ||
| Q1 25 | 15.5% | 4.7% | ||
| Q4 24 | 23.6% | 1.5% | ||
| Q3 24 | 21.4% | 2.2% | ||
| Q2 24 | 9.9% | 1.0% | ||
| Q1 24 | 28.3% | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | 4.37× | — | ||
| Q2 25 | 2.47× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | 3.43× | -2.27× | ||
| Q1 24 | 1.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
