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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.
PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $30.3M, roughly 1.3× SYPRIS SOLUTIONS INC). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -26.0%, a 13.1% gap on every dollar of revenue. On growth, SYPRIS SOLUTIONS INC posted the faster year-over-year revenue change (-9.5% vs -23.3%). SYPRIS SOLUTIONS INC produced more free cash flow last quarter ($-1.5M vs $-9.2M). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% 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.
Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.
PETS vs SYPR — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $40.7M | $30.3M |
| Net Profit | $-10.6M | $-3.9M |
| Gross Margin | 23.3% | 4.6% |
| Operating Margin | -25.7% | -10.9% |
| Net Margin | -26.0% | -12.9% |
| Revenue YoY | -23.3% | -9.5% |
| Net Profit YoY | -1392.6% | -2992.6% |
| EPS (diluted) | $-0.50 | $-0.17 |
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 | $30.3M | ||
| Q3 25 | $44.4M | $28.7M | ||
| Q2 25 | $51.2M | $31.4M | ||
| Q1 25 | $50.8M | $29.5M | ||
| Q4 24 | $52.0M | $33.4M | ||
| Q3 24 | $58.0M | $35.7M | ||
| Q2 24 | $66.2M | $35.5M | ||
| Q1 24 | $65.1M | $35.6M |
| Q4 25 | $-10.6M | $-3.9M | ||
| Q3 25 | $-8.5M | $517.0K | ||
| Q2 25 | $-34.2M | $-2.1M | ||
| Q1 25 | $-11.6M | $-899.0K | ||
| Q4 24 | $-707.0K | $135.0K | ||
| Q3 24 | $2.3M | $390.0K | ||
| Q2 24 | $3.8M | $16.0K | ||
| Q1 24 | $-5.0M | $-2.2M |
| Q4 25 | 23.3% | 4.6% | ||
| Q3 25 | 28.0% | 7.2% | ||
| Q2 25 | 28.1% | 8.2% | ||
| Q1 25 | 29.9% | 11.4% | ||
| Q4 24 | 31.0% | 16.1% | ||
| Q3 24 | 32.3% | 16.8% | ||
| Q2 24 | 28.8% | 15.9% | ||
| Q1 24 | 29.3% | 8.1% |
| Q4 25 | -25.7% | -10.9% | ||
| Q3 25 | -18.9% | -6.1% | ||
| Q2 25 | -66.7% | -4.6% | ||
| Q1 25 | -11.9% | -0.4% | ||
| Q4 24 | -0.9% | 3.9% | ||
| Q3 24 | 1.0% | 4.8% | ||
| Q2 24 | 6.6% | 3.6% | ||
| Q1 24 | -5.9% | -3.9% |
| Q4 25 | -26.0% | -12.9% | ||
| Q3 25 | -19.2% | 1.8% | ||
| Q2 25 | -66.7% | -6.5% | ||
| Q1 25 | -22.9% | -3.0% | ||
| Q4 24 | -1.4% | 0.4% | ||
| Q3 24 | 4.0% | 1.1% | ||
| Q2 24 | 5.7% | 0.0% | ||
| Q1 24 | -7.7% | -6.2% |
| Q4 25 | $-0.50 | $-0.17 | ||
| Q3 25 | $-0.41 | $0.02 | ||
| Q2 25 | $-1.65 | $-0.09 | ||
| Q1 25 | $-0.56 | $-0.04 | ||
| Q4 24 | $-0.03 | $0.00 | ||
| Q3 24 | $0.11 | $0.02 | ||
| Q2 24 | $0.18 | $0.00 | ||
| Q1 24 | $-0.24 | $-0.10 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.8M | $17.8M |
| Total Assets | $88.0M | $107.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.9M | — | ||
| Q3 25 | $36.1M | — | ||
| Q2 25 | $41.1M | — | ||
| Q1 25 | $54.7M | — | ||
| Q4 24 | $50.1M | — | ||
| Q3 24 | $52.0M | — | ||
| Q2 24 | $46.0M | — | ||
| Q1 24 | $55.3M | — |
| Q4 25 | $32.8M | $17.8M | ||
| Q3 25 | $43.1M | $20.0M | ||
| Q2 25 | $51.5M | $18.7M | ||
| Q1 25 | $85.1M | $19.0M | ||
| Q4 24 | $96.2M | $19.6M | ||
| Q3 24 | $96.4M | $18.2M | ||
| Q2 24 | $93.5M | $19.0M | ||
| Q1 24 | $96.7M | $20.8M |
| Q4 25 | $88.0M | $107.8M | ||
| Q3 25 | $100.3M | $112.5M | ||
| Q2 25 | $109.8M | $105.8M | ||
| Q1 25 | $148.7M | $110.2M | ||
| Q4 24 | $144.8M | $119.4M | ||
| Q3 24 | $146.0M | $121.6M | ||
| Q2 24 | $152.7M | $124.2M | ||
| Q1 24 | $169.9M | $129.0M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | $-9.2M | $-1.5M |
| FCF MarginFCF / Revenue | -22.7% | -5.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | $-6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.2M | $-1.1M | ||
| Q3 25 | $-2.2M | $-178.0K | ||
| Q2 25 | $-12.3M | $1.1M | ||
| Q1 25 | $7.0M | $-5.5M | ||
| Q4 24 | $-1.2M | $2.3M | ||
| Q3 24 | $7.4M | $-4.8M | ||
| Q2 24 | $-8.5M | $6.2M | ||
| Q1 24 | $7.1M | $-1.7M |
| Q4 25 | $-9.2M | $-1.5M | ||
| Q3 25 | $-4.8M | $-390.0K | ||
| Q2 25 | $-13.6M | $941.0K | ||
| Q1 25 | $4.6M | $-5.5M | ||
| Q4 24 | $-1.9M | $1.9M | ||
| Q3 24 | $6.1M | $-4.9M | ||
| Q2 24 | $-9.2M | $6.0M | ||
| Q1 24 | $5.9M | $-2.0M |
| Q4 25 | -22.7% | -5.0% | ||
| Q3 25 | -10.8% | -1.4% | ||
| Q2 25 | -26.5% | 3.0% | ||
| Q1 25 | 9.1% | -18.8% | ||
| Q4 24 | -3.7% | 5.7% | ||
| Q3 24 | 10.6% | -13.8% | ||
| Q2 24 | -13.9% | 16.8% | ||
| Q1 24 | 9.0% | -5.7% |
| Q4 25 | 0.1% | 1.3% | ||
| Q3 25 | 5.9% | 0.7% | ||
| Q2 25 | 2.5% | 0.5% | ||
| Q1 25 | 4.7% | 0.0% | ||
| Q4 24 | 1.5% | 1.2% | ||
| Q3 24 | 2.2% | 0.4% | ||
| Q2 24 | 1.0% | 0.5% | ||
| Q1 24 | 1.9% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | 3.18× | -12.21× | ||
| Q2 24 | -2.27× | 385.25× | ||
| 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% |
SYPR
| Sypris Electronics | $17.7M | 59% |
| Transferred At Point In Time | $12.5M | 41% |
