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Side-by-side financial comparison of PennyMac Mortgage Investment Trust (PMT) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $93.6M, roughly 1.1× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs 10.3%, a 45.7% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -13.3%). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 12.3%).
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
PMT vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $93.6M | $103.6M |
| Net Profit | $52.4M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 38.6% | 18.1% |
| Net Margin | 56.0% | 10.3% |
| Revenue YoY | -13.3% | 21.0% |
| Net Profit YoY | 12.5% | 9.4% |
| EPS (diluted) | $0.49 | $0.45 |
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 | $93.6M | $103.6M | ||
| Q3 25 | $99.2M | $85.8M | ||
| Q2 25 | $70.2M | $78.9M | ||
| Q1 25 | $44.5M | $61.3M | ||
| Q4 24 | $107.9M | $85.6M | ||
| Q3 24 | $80.9M | $73.1M | ||
| Q2 24 | $71.2M | $73.2M | ||
| Q1 24 | $74.2M | $61.1M |
| Q4 25 | $52.4M | $10.6M | ||
| Q3 25 | $58.3M | $8.2M | ||
| Q2 25 | $7.5M | $3.2M | ||
| Q1 25 | $9.7M | $-3.0M | ||
| Q4 24 | $46.5M | $9.7M | ||
| Q3 24 | $41.4M | $5.2M | ||
| Q2 24 | $25.4M | $4.3M | ||
| Q1 24 | $47.6M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | 38.6% | 18.1% | ||
| Q3 25 | 47.4% | 12.8% | ||
| Q2 25 | 24.2% | 5.2% | ||
| Q1 25 | -14.2% | -7.4% | ||
| Q4 24 | 51.1% | 14.6% | ||
| Q3 24 | 32.8% | 9.3% | ||
| Q2 24 | 40.2% | 8.0% | ||
| Q1 24 | 43.6% | -4.9% |
| Q4 25 | 56.0% | 10.3% | ||
| Q3 25 | 58.7% | 9.6% | ||
| Q2 25 | 10.7% | 4.1% | ||
| Q1 25 | 21.8% | -4.9% | ||
| Q4 24 | 43.1% | 11.4% | ||
| Q3 24 | 51.2% | 7.1% | ||
| Q2 24 | 35.7% | 5.9% | ||
| Q1 24 | 64.2% | -3.6% |
| Q4 25 | $0.49 | $0.45 | ||
| Q3 25 | $0.55 | $0.36 | ||
| Q2 25 | $-0.04 | $0.14 | ||
| Q1 25 | $-0.01 | $-0.13 | ||
| Q4 24 | $0.45 | $0.40 | ||
| Q3 24 | $0.36 | $0.21 | ||
| Q2 24 | $0.17 | $0.18 | ||
| Q1 24 | $0.39 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $190.5M | $83.4M |
| Total DebtLower is stronger | $1.1B | $0 |
| Stockholders' EquityBook value | $1.9B | $218.9M |
| Total Assets | $21.3B | $273.9M |
| Debt / EquityLower = less leverage | 0.58× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $190.5M | $83.4M | ||
| Q3 25 | $181.0M | $66.0M | ||
| Q2 25 | $108.6M | $81.5M | ||
| Q1 25 | $204.2M | $83.6M | ||
| Q4 24 | $103.2M | $94.4M | ||
| Q3 24 | $102.8M | $82.1M | ||
| Q2 24 | $336.3M | $73.6M | ||
| Q1 24 | $343.3M | $60.7M |
| Q4 25 | $1.1B | $0 | ||
| Q3 25 | $299.0M | $0 | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $968.4M | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $5.2B | $27.0M | ||
| Q2 24 | $5.4B | $27.8M | ||
| Q1 24 | $5.1B | $28.5M |
| Q4 25 | $1.9B | $218.9M | ||
| Q3 25 | $1.9B | $204.9M | ||
| Q2 25 | $1.9B | $194.9M | ||
| Q1 25 | $1.9B | $205.6M | ||
| Q4 24 | $1.9B | $216.6M | ||
| Q3 24 | $1.9B | $207.9M | ||
| Q2 24 | $1.9B | $200.7M | ||
| Q1 24 | $2.0B | $193.5M |
| Q4 25 | $21.3B | $273.9M | ||
| Q3 25 | $18.5B | $259.2M | ||
| Q2 25 | $16.8B | $273.0M | ||
| Q1 25 | $14.9B | $280.2M | ||
| Q4 24 | $14.4B | $297.9M | ||
| Q3 24 | $13.1B | $287.7M | ||
| Q2 24 | $12.1B | $278.8M | ||
| Q1 24 | $12.3B | $272.0M |
| Q4 25 | 0.58× | 0.00× | ||
| Q3 25 | 0.16× | 0.00× | ||
| Q2 25 | 0.65× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 2.70× | 0.13× | ||
| Q2 24 | 2.76× | 0.14× | ||
| Q1 24 | 2.60× | 0.15× |
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 | $-7.2B | $17.3M |
| Free Cash FlowOCF − Capex | — | $16.8M |
| FCF MarginFCF / Revenue | — | 16.2% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | -137.76× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-7.2B | $17.3M | ||
| Q3 25 | $-1.3B | $10.3M | ||
| Q2 25 | $-2.0B | $14.8M | ||
| Q1 25 | $-594.3M | $417.0K | ||
| Q4 24 | $-2.7B | $16.3M | ||
| Q3 24 | $-983.8M | $10.3M | ||
| Q2 24 | $243.8M | $13.1M | ||
| Q1 24 | $-342.4M | $924.0K |
| Q4 25 | — | $16.8M | ||
| Q3 25 | — | $9.2M | ||
| Q2 25 | — | $14.4M | ||
| Q1 25 | — | $38.0K | ||
| Q4 24 | — | $15.9M | ||
| Q3 24 | — | $9.3M | ||
| Q2 24 | — | $12.6M | ||
| Q1 24 | — | $442.0K |
| Q4 25 | — | 16.2% | ||
| Q3 25 | — | 10.8% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 18.5% | ||
| Q3 24 | — | 12.7% | ||
| Q2 24 | — | 17.3% | ||
| Q1 24 | — | 0.7% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 1.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.3% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | -137.76× | 1.63× | ||
| Q3 25 | -22.26× | 1.26× | ||
| Q2 25 | -267.53× | 4.59× | ||
| Q1 25 | -61.39× | — | ||
| Q4 24 | -58.08× | 1.68× | ||
| Q3 24 | -23.76× | 1.99× | ||
| Q2 24 | 9.59× | 3.06× | ||
| Q1 24 | -7.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
