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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $36.5M, roughly 1.1× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -26.0%, a 17.1% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -23.3%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-9.2M). Over the past eight quarters, SmartRent, Inc.'s revenue compounded faster (-15.0% 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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
PETS vs SMRT — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.7M | $36.5M |
| Net Profit | $-10.6M | $-3.2M |
| Gross Margin | 23.3% | 38.6% |
| Operating Margin | -25.7% | -10.9% |
| Net Margin | -26.0% | -8.9% |
| Revenue YoY | -23.3% | 3.1% |
| Net Profit YoY | -1392.6% | 71.6% |
| EPS (diluted) | $-0.50 | $-0.02 |
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 | $40.7M | $36.5M | ||
| Q3 25 | $44.4M | $36.2M | ||
| Q2 25 | $51.2M | $38.3M | ||
| Q1 25 | $50.8M | $41.3M | ||
| Q4 24 | $52.0M | $35.4M | ||
| Q3 24 | $58.0M | $40.5M | ||
| Q2 24 | $66.2M | $48.5M | ||
| Q1 24 | $65.1M | $50.5M |
| Q4 25 | $-10.6M | $-3.2M | ||
| Q3 25 | $-8.5M | $-6.3M | ||
| Q2 25 | $-34.2M | $-10.9M | ||
| Q1 25 | $-11.6M | $-40.2M | ||
| Q4 24 | $-707.0K | $-11.4M | ||
| Q3 24 | $2.3M | $-9.9M | ||
| Q2 24 | $3.8M | $-4.6M | ||
| Q1 24 | $-5.0M | $-7.7M |
| Q4 25 | 23.3% | 38.6% | ||
| Q3 25 | 28.0% | 26.4% | ||
| Q2 25 | 28.1% | 33.1% | ||
| Q1 25 | 29.9% | 32.8% | ||
| Q4 24 | 31.0% | 28.7% | ||
| Q3 24 | 32.3% | 33.2% | ||
| Q2 24 | 28.8% | 35.7% | ||
| Q1 24 | 29.3% | 38.5% |
| Q4 25 | -25.7% | -10.9% | ||
| Q3 25 | -18.9% | -19.4% | ||
| Q2 25 | -66.7% | -30.5% | ||
| Q1 25 | -11.9% | -99.9% | ||
| Q4 24 | -0.9% | -36.6% | ||
| Q3 24 | 1.0% | -29.0% | ||
| Q2 24 | 6.6% | -14.3% | ||
| Q1 24 | -5.9% | -20.1% |
| Q4 25 | -26.0% | -8.9% | ||
| Q3 25 | -19.2% | -17.3% | ||
| Q2 25 | -66.7% | -28.3% | ||
| Q1 25 | -22.9% | -97.2% | ||
| Q4 24 | -1.4% | -32.3% | ||
| Q3 24 | 4.0% | -24.5% | ||
| Q2 24 | 5.7% | -9.5% | ||
| Q1 24 | -7.7% | -15.2% |
| Q4 25 | $-0.50 | $-0.02 | ||
| Q3 25 | $-0.41 | $-0.03 | ||
| Q2 25 | $-1.65 | $-0.06 | ||
| Q1 25 | $-0.56 | $-0.21 | ||
| Q4 24 | $-0.03 | $-0.06 | ||
| Q3 24 | $0.11 | $-0.05 | ||
| Q2 24 | $0.18 | $-0.02 | ||
| Q1 24 | $-0.24 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $26.9M | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.8M | $232.1M |
| Total Assets | $88.0M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.9M | $104.5M | ||
| Q3 25 | $36.1M | $100.0M | ||
| Q2 25 | $41.1M | $105.0M | ||
| Q1 25 | $54.7M | $125.6M | ||
| Q4 24 | $50.1M | $142.5M | ||
| Q3 24 | $52.0M | $163.4M | ||
| Q2 24 | $46.0M | $187.4M | ||
| Q1 24 | $55.3M | $204.7M |
| Q4 25 | $32.8M | $232.1M | ||
| Q3 25 | $43.1M | $234.4M | ||
| Q2 25 | $51.5M | $238.8M | ||
| Q1 25 | $85.1M | $250.7M | ||
| Q4 24 | $96.2M | $289.4M | ||
| Q3 24 | $96.4M | $305.1M | ||
| Q2 24 | $93.5M | $329.4M | ||
| Q1 24 | $96.7M | $333.1M |
| Q4 25 | $88.0M | $320.9M | ||
| Q3 25 | $100.3M | $335.8M | ||
| Q2 25 | $109.8M | $354.0M | ||
| Q1 25 | $148.7M | $366.1M | ||
| Q4 24 | $144.8M | $420.2M | ||
| Q3 24 | $146.0M | $448.6M | ||
| Q2 24 | $152.7M | $475.3M | ||
| Q1 24 | $169.9M | $485.5M |
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 | $-9.2M | $7.7M |
| Free Cash FlowOCF − Capex | $-9.2M | $7.7M |
| FCF MarginFCF / Revenue | -22.7% | 21.0% |
| Capex IntensityCapex / Revenue | 0.1% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.2M | $7.7M | ||
| Q3 25 | $-2.2M | $-2.1M | ||
| Q2 25 | $-12.3M | $-14.9M | ||
| Q1 25 | $7.0M | $-12.2M | ||
| Q4 24 | $-1.2M | $-12.0M | ||
| Q3 24 | $7.4M | $-3.7M | ||
| Q2 24 | $-8.5M | $-13.9M | ||
| Q1 24 | $7.1M | $-3.3M |
| Q4 25 | $-9.2M | $7.7M | ||
| Q3 25 | $-4.8M | $-2.2M | ||
| Q2 25 | $-13.6M | $-16.2M | ||
| Q1 25 | $4.6M | $-14.3M | ||
| Q4 24 | $-1.9M | $-13.3M | ||
| Q3 24 | $6.1M | $-3.9M | ||
| Q2 24 | $-9.2M | $-14.1M | ||
| Q1 24 | $5.9M | $-3.4M |
| Q4 25 | -22.7% | 21.0% | ||
| Q3 25 | -10.8% | -6.1% | ||
| Q2 25 | -26.5% | -42.3% | ||
| Q1 25 | 9.1% | -34.7% | ||
| Q4 24 | -3.7% | -37.5% | ||
| Q3 24 | 10.6% | -9.7% | ||
| Q2 24 | -13.9% | -29.1% | ||
| Q1 24 | 9.0% | -6.7% |
| Q4 25 | 0.1% | 0.0% | ||
| Q3 25 | 5.9% | 0.2% | ||
| Q2 25 | 2.5% | 3.3% | ||
| Q1 25 | 4.7% | 5.3% | ||
| Q4 24 | 1.5% | 3.5% | ||
| Q3 24 | 2.2% | 0.6% | ||
| Q2 24 | 1.0% | 0.5% | ||
| Q1 24 | 1.9% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.18× | — | ||
| Q2 24 | -2.27× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
