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Side-by-side financial comparison of NextPlat Corp (NXPL) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $12.8M, roughly 1.1× NextPlat Corp). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -40.2%, a 23.2% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -21.1%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs -14.4%).
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
NXPL vs SSII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.8M | $14.5M |
| Net Profit | $-5.1M | $-2.5M |
| Gross Margin | 14.3% | 43.9% |
| Operating Margin | -28.9% | -3.7% |
| Net Margin | -40.2% | -17.0% |
| Revenue YoY | -21.1% | 79.1% |
| Net Profit YoY | -70.6% | -28.5% |
| EPS (diluted) | — | $-0.01 |
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 | $12.8M | $14.5M | ||
| Q3 25 | $13.8M | $12.8M | ||
| Q2 25 | $13.2M | $10.0M | ||
| Q1 25 | $14.5M | $5.1M | ||
| Q4 24 | $16.2M | $8.1M | ||
| Q3 24 | $15.4M | $4.4M | ||
| Q2 24 | $17.0M | $4.5M | ||
| Q1 24 | $17.5M | $3.6M |
| Q4 25 | $-5.1M | $-2.5M | ||
| Q3 25 | $-2.2M | $-3.7M | ||
| Q2 25 | $-1.8M | $-256.7K | ||
| Q1 25 | $-1.3M | $-5.7M | ||
| Q4 24 | $-3.0M | $-1.9M | ||
| Q3 24 | $-4.2M | $-3.2M | ||
| Q2 24 | $-5.3M | $-4.1M | ||
| Q1 24 | $-1.5M | $-9.8M |
| Q4 25 | 14.3% | 43.9% | ||
| Q3 25 | 19.9% | 48.1% | ||
| Q2 25 | 21.8% | 59.1% | ||
| Q1 25 | 23.8% | 21.2% | ||
| Q4 24 | 16.8% | 48.9% | ||
| Q3 24 | 23.2% | 52.8% | ||
| Q2 24 | 34.5% | 31.9% | ||
| Q1 24 | 27.8% | 20.0% |
| Q4 25 | -28.9% | -3.7% | ||
| Q3 25 | -14.5% | -14.3% | ||
| Q2 25 | -13.8% | 1.0% | ||
| Q1 25 | -10.2% | -115.6% | ||
| Q4 24 | -14.1% | -22.7% | ||
| Q3 24 | -52.1% | -73.1% | ||
| Q2 24 | -64.1% | -90.9% | ||
| Q1 24 | -10.5% | -270.3% |
| Q4 25 | -40.2% | -17.0% | ||
| Q3 25 | -15.9% | -29.0% | ||
| Q2 25 | -13.5% | -2.6% | ||
| Q1 25 | -9.2% | -111.0% | ||
| Q4 24 | -18.6% | -23.7% | ||
| Q3 24 | -27.4% | -74.0% | ||
| Q2 24 | -31.3% | -91.8% | ||
| Q1 24 | -8.5% | -270.5% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $0.00 | ||
| Q1 25 | $-0.05 | $-0.03 | ||
| Q4 24 | — | $-0.01 | ||
| Q3 24 | $-0.22 | $-0.02 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | $-0.08 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | $3.2M |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $17.3M | $38.2M |
| Total Assets | $27.5M | $74.2M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.7M | $3.2M | ||
| Q3 25 | $13.9M | $5.7M | ||
| Q2 25 | $16.6M | $11.4M | ||
| Q1 25 | $17.7M | $15.9M | ||
| Q4 24 | $20.0M | $466.5K | ||
| Q3 24 | $20.4M | $220.4K | ||
| Q2 24 | $24.9M | $608.2K | ||
| Q1 24 | $23.5M | $948.1K |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $1.5M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | $17.3M | $38.2M | ||
| Q3 25 | $21.4M | $39.6M | ||
| Q2 25 | $23.5M | $42.0M | ||
| Q1 25 | $25.3M | $40.6M | ||
| Q4 24 | $27.3M | $13.5M | ||
| Q3 24 | $22.5M | $13.7M | ||
| Q2 24 | $26.5M | $14.8M | ||
| Q1 24 | $31.2M | $16.7M |
| Q4 25 | $27.5M | $74.2M | ||
| Q3 25 | $30.0M | $69.6M | ||
| Q2 25 | $31.0M | $70.0M | ||
| Q1 25 | $35.2M | $63.5M | ||
| Q4 24 | $37.1M | $42.4M | ||
| Q3 24 | $41.1M | $39.0M | ||
| Q2 24 | $51.5M | $35.7M | ||
| Q1 24 | $65.1M | $35.2M |
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.05× | — | ||
| Q1 24 | 0.04× | — |
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 | $-302.0K | $-1.5M |
| Free Cash FlowOCF − Capex | $-339.0K | $-3.2M |
| FCF MarginFCF / Revenue | -2.6% | -22.3% |
| Capex IntensityCapex / Revenue | 0.3% | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-302.0K | $-1.5M | ||
| Q3 25 | $-2.7M | $-7.5M | ||
| Q2 25 | $-1.0M | $-3.5M | ||
| Q1 25 | $-2.1M | $-6.1M | ||
| Q4 24 | $-476.0K | $-3.3M | ||
| Q3 24 | $-4.6M | $-2.5M | ||
| Q2 24 | $2.3M | $-1.0M | ||
| Q1 24 | $-2.7M | $-2.7M |
| Q4 25 | $-339.0K | $-3.2M | ||
| Q3 25 | — | $-8.2M | ||
| Q2 25 | $-1.1M | $-3.8M | ||
| Q1 25 | $-2.1M | $-7.0M | ||
| Q4 24 | $-508.0K | $-3.4M | ||
| Q3 24 | $-4.7M | $-4.2M | ||
| Q2 24 | $2.2M | $-3.1M | ||
| Q1 24 | $-2.7M | $-2.8M |
| Q4 25 | -2.6% | -22.3% | ||
| Q3 25 | — | -64.1% | ||
| Q2 25 | -8.0% | -37.7% | ||
| Q1 25 | -14.3% | -136.2% | ||
| Q4 24 | -3.1% | -41.7% | ||
| Q3 24 | -30.6% | -96.9% | ||
| Q2 24 | 13.2% | -69.5% | ||
| Q1 24 | -15.7% | -76.9% |
| Q4 25 | 0.3% | 11.8% | ||
| Q3 25 | 0.0% | 5.9% | ||
| Q2 25 | 0.1% | 3.2% | ||
| Q1 25 | 0.2% | 17.0% | ||
| Q4 24 | 0.2% | 1.5% | ||
| Q3 24 | 0.6% | 38.8% | ||
| Q2 24 | 0.4% | 46.8% | ||
| Q1 24 | 0.4% | 3.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
