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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Star Equity Holdings, Inc. is the larger business by last-quarter revenue ($56.8M vs $40.7M, roughly 1.4× PETMED EXPRESS INC). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -26.0%, a 22.9% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs -23.3%). Star Equity Holdings, Inc. produced more free cash flow last quarter ($-9.0M vs $-9.2M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% 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.
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
PETS vs STRR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.7M | $56.8M |
| Net Profit | $-10.6M | $-1.7M |
| Gross Margin | 23.3% | — |
| Operating Margin | -25.7% | -0.2% |
| Net Margin | -26.0% | -3.0% |
| Revenue YoY | -23.3% | 69.0% |
| Net Profit YoY | -1392.6% | -192.1% |
| EPS (diluted) | $-0.50 | $-0.49 |
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 | $56.8M | ||
| Q3 25 | $44.4M | $48.0M | ||
| Q2 25 | $51.2M | $35.5M | ||
| Q1 25 | $50.8M | $31.9M | ||
| Q4 24 | $52.0M | $33.6M | ||
| Q3 24 | $58.0M | $36.9M | ||
| Q2 24 | $66.2M | $35.7M | ||
| Q1 24 | $65.1M | $33.9M |
| Q4 25 | $-10.6M | $-1.7M | ||
| Q3 25 | $-8.5M | $-1.8M | ||
| Q2 25 | $-34.2M | $-688.0K | ||
| Q1 25 | $-11.6M | $-1.8M | ||
| Q4 24 | $-707.0K | $-585.0K | ||
| Q3 24 | $2.3M | $-846.0K | ||
| Q2 24 | $3.8M | $-441.0K | ||
| Q1 24 | $-5.0M | $-2.9M |
| Q4 25 | 23.3% | — | ||
| Q3 25 | 28.0% | 43.0% | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 29.9% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 32.3% | 50.5% | ||
| Q2 24 | 28.8% | — | ||
| Q1 24 | 29.3% | — |
| Q4 25 | -25.7% | -0.2% | ||
| Q3 25 | -18.9% | -3.4% | ||
| Q2 25 | -66.7% | -0.6% | ||
| Q1 25 | -11.9% | -5.4% | ||
| Q4 24 | -0.9% | -0.4% | ||
| Q3 24 | 1.0% | -1.2% | ||
| Q2 24 | 6.6% | -0.5% | ||
| Q1 24 | -5.9% | -9.0% |
| Q4 25 | -26.0% | -3.0% | ||
| Q3 25 | -19.2% | -3.7% | ||
| Q2 25 | -66.7% | -1.9% | ||
| Q1 25 | -22.9% | -5.5% | ||
| Q4 24 | -1.4% | -1.7% | ||
| Q3 24 | 4.0% | -2.3% | ||
| Q2 24 | 5.7% | -1.2% | ||
| Q1 24 | -7.7% | -8.6% |
| Q4 25 | $-0.50 | $-0.49 | ||
| Q3 25 | $-0.41 | $-0.54 | ||
| Q2 25 | $-1.65 | $-0.23 | ||
| Q1 25 | $-0.56 | $-0.59 | ||
| Q4 24 | $-0.03 | $-0.21 | ||
| Q3 24 | $0.11 | $-0.28 | ||
| Q2 24 | $0.18 | $-0.15 | ||
| Q1 24 | $-0.24 | $-0.95 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.8M | $65.7M |
| Total Assets | $88.0M | $113.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.9M | $10.3M | ||
| Q3 25 | $36.1M | $15.4M | ||
| Q2 25 | $41.1M | $16.8M | ||
| Q1 25 | $54.7M | $16.6M | ||
| Q4 24 | $50.1M | $17.0M | ||
| Q3 24 | $52.0M | $15.8M | ||
| Q2 24 | $46.0M | $14.7M | ||
| Q1 24 | $55.3M | $20.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $32.8M | $65.7M | ||
| Q3 25 | $43.1M | $67.8M | ||
| Q2 25 | $51.5M | $40.1M | ||
| Q1 25 | $85.1M | $39.5M | ||
| Q4 24 | $96.2M | $40.4M | ||
| Q3 24 | $96.4M | $42.9M | ||
| Q2 24 | $93.5M | $42.6M | ||
| Q1 24 | $96.7M | $44.3M |
| Q4 25 | $88.0M | $113.2M | ||
| Q3 25 | $100.3M | $117.1M | ||
| Q2 25 | $109.8M | $55.6M | ||
| Q1 25 | $148.7M | $53.2M | ||
| Q4 24 | $144.8M | $52.6M | ||
| Q3 24 | $146.0M | $52.6M | ||
| Q2 24 | $152.7M | $52.6M | ||
| Q1 24 | $169.9M | $52.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-7.3M |
| Free Cash FlowOCF − Capex | $-9.2M | $-9.0M |
| FCF MarginFCF / Revenue | -22.7% | -15.8% |
| Capex IntensityCapex / Revenue | 0.1% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.2M | $-7.3M | ||
| Q3 25 | $-2.2M | $-2.7M | ||
| Q2 25 | $-12.3M | $139.0K | ||
| Q1 25 | $7.0M | $-802.0K | ||
| Q4 24 | $-1.2M | $-2.8M | ||
| Q3 24 | $7.4M | $1.3M | ||
| Q2 24 | $-8.5M | $-4.3M | ||
| Q1 24 | $7.1M | $-1.8M |
| Q4 25 | $-9.2M | $-9.0M | ||
| Q3 25 | $-4.8M | $-3.4M | ||
| Q2 25 | $-13.6M | $102.0K | ||
| Q1 25 | $4.6M | $-808.0K | ||
| Q4 24 | $-1.9M | $-2.8M | ||
| Q3 24 | $6.1M | $1.3M | ||
| Q2 24 | $-9.2M | $-4.3M | ||
| Q1 24 | $5.9M | $-1.8M |
| Q4 25 | -22.7% | -15.8% | ||
| Q3 25 | -10.8% | -7.0% | ||
| Q2 25 | -26.5% | 0.3% | ||
| Q1 25 | 9.1% | -2.5% | ||
| Q4 24 | -3.7% | -8.3% | ||
| Q3 24 | 10.6% | 3.4% | ||
| Q2 24 | -13.9% | -12.0% | ||
| Q1 24 | 9.0% | -5.3% |
| Q4 25 | 0.1% | 3.0% | ||
| Q3 25 | 5.9% | 1.3% | ||
| Q2 25 | 2.5% | 0.1% | ||
| Q1 25 | 4.7% | 0.0% | ||
| Q4 24 | 1.5% | 0.1% | ||
| Q3 24 | 2.2% | 0.0% | ||
| Q2 24 | 1.0% | 0.0% | ||
| Q1 24 | 1.9% | 0.0% |
| 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% |
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
