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Side-by-side financial comparison of PETMED EXPRESS INC (PETS) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $26.9M, roughly 1.5× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -26.0%, a 65.2% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -23.3%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-9.2M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
PETS vs WTBA — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $40.7M | $26.9M |
| Net Profit | $-10.6M | $10.6M |
| Gross Margin | 23.3% | — |
| Operating Margin | -25.7% | 50.0% |
| Net Margin | -26.0% | 39.2% |
| Revenue YoY | -23.3% | 16.6% |
| Net Profit YoY | -1392.6% | 34.8% |
| EPS (diluted) | $-0.50 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $40.7M | $24.2M | ||
| Q3 25 | $44.4M | $25.0M | ||
| Q2 25 | $51.2M | $23.8M | ||
| Q1 25 | $50.8M | $23.1M | ||
| Q4 24 | $52.0M | $20.9M | ||
| Q3 24 | $58.0M | $20.3M | ||
| Q2 24 | $66.2M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-10.6M | $7.4M | ||
| Q3 25 | $-8.5M | $9.3M | ||
| Q2 25 | $-34.2M | $8.0M | ||
| Q1 25 | $-11.6M | $7.8M | ||
| Q4 24 | $-707.0K | $7.1M | ||
| Q3 24 | $2.3M | $6.0M | ||
| Q2 24 | $3.8M | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | 23.3% | — | ||
| Q3 25 | 28.0% | — | ||
| Q2 25 | 28.1% | — | ||
| Q1 25 | 29.9% | — | ||
| Q4 24 | 31.0% | — | ||
| Q3 24 | 32.3% | — | ||
| Q2 24 | 28.8% | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | -25.7% | 39.6% | ||
| Q3 25 | -18.9% | 45.8% | ||
| Q2 25 | -66.7% | 43.4% | ||
| Q1 25 | -11.9% | 43.4% | ||
| Q4 24 | -0.9% | 30.9% | ||
| Q3 24 | 1.0% | 36.6% | ||
| Q2 24 | 6.6% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -26.0% | 30.7% | ||
| Q3 25 | -19.2% | 37.3% | ||
| Q2 25 | -66.7% | 33.5% | ||
| Q1 25 | -22.9% | 34.0% | ||
| Q4 24 | -1.4% | 34.0% | ||
| Q3 24 | 4.0% | 29.3% | ||
| Q2 24 | 5.7% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.50 | $0.44 | ||
| Q3 25 | $-0.41 | $0.55 | ||
| Q2 25 | $-1.65 | $0.47 | ||
| Q1 25 | $-0.56 | $0.46 | ||
| Q4 24 | $-0.03 | $0.41 | ||
| Q3 24 | $0.11 | $0.35 | ||
| Q2 24 | $0.18 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $32.8M | $270.7M |
| Total Assets | $88.0M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $26.9M | $471.1M | ||
| Q3 25 | $36.1M | $232.9M | ||
| Q2 25 | $41.1M | $345.2M | ||
| Q1 25 | $54.7M | — | ||
| Q4 24 | $50.1M | $243.5M | ||
| Q3 24 | $52.0M | — | ||
| Q2 24 | $46.0M | — |
| Q1 26 | — | $270.7M | ||
| Q4 25 | $32.8M | $266.0M | ||
| Q3 25 | $43.1M | $255.1M | ||
| Q2 25 | $51.5M | $240.9M | ||
| Q1 25 | $85.1M | $237.9M | ||
| Q4 24 | $96.2M | $227.9M | ||
| Q3 24 | $96.4M | $235.4M | ||
| Q2 24 | $93.5M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $88.0M | $4.1B | ||
| Q3 25 | $100.3M | $4.0B | ||
| Q2 25 | $109.8M | $4.1B | ||
| Q1 25 | $148.7M | $4.0B | ||
| Q4 24 | $144.8M | $4.0B | ||
| Q3 24 | $146.0M | $4.0B | ||
| Q2 24 | $152.7M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $-9.2M | $12.4M |
| FCF MarginFCF / Revenue | -22.7% | 46.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.0M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-9.2M | $46.5M | ||
| Q3 25 | $-2.2M | $11.4M | ||
| Q2 25 | $-12.3M | $13.5M | ||
| Q1 25 | $7.0M | $9.7M | ||
| Q4 24 | $-1.2M | $39.8M | ||
| Q3 24 | $7.4M | $12.9M | ||
| Q2 24 | $-8.5M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-9.2M | $43.2M | ||
| Q3 25 | $-4.8M | $10.8M | ||
| Q2 25 | $-13.6M | $12.8M | ||
| Q1 25 | $4.6M | $8.3M | ||
| Q4 24 | $-1.9M | $13.7M | ||
| Q3 24 | $6.1M | $7.0M | ||
| Q2 24 | $-9.2M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -22.7% | 178.3% | ||
| Q3 25 | -10.8% | 43.0% | ||
| Q2 25 | -26.5% | 53.6% | ||
| Q1 25 | 9.1% | 35.7% | ||
| Q4 24 | -3.7% | 65.6% | ||
| Q3 24 | 10.6% | 34.2% | ||
| Q2 24 | -13.9% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 0.1% | 13.7% | ||
| Q3 25 | 5.9% | 2.6% | ||
| Q2 25 | 2.5% | 3.2% | ||
| Q1 25 | 4.7% | 6.5% | ||
| Q4 24 | 1.5% | 125.3% | ||
| Q3 24 | 2.2% | 29.4% | ||
| Q2 24 | 1.0% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | 3.18× | 2.17× | ||
| Q2 24 | -2.27× | 1.93× |
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% |
WTBA
Segment breakdown not available.
