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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $86.0M, roughly 1.8× Smart Sand, Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 1.4%, a 3.4% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -5.8%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $20.4M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% CAGR vs 1.8%).
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
PMTS vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $86.0M |
| Net Profit | $7.3M | $1.2M |
| Gross Margin | 31.5% | 13.0% |
| Operating Margin | 12.0% | -3.1% |
| Net Margin | 4.8% | 1.4% |
| Revenue YoY | 22.3% | -5.8% |
| Net Profit YoY | 8.5% | -68.5% |
| EPS (diluted) | $0.62 | $0.03 |
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 | $153.1M | $86.0M | ||
| Q3 25 | $138.0M | $92.8M | ||
| Q2 25 | $129.8M | $85.8M | ||
| Q1 25 | $122.8M | $65.6M | ||
| Q4 24 | $125.1M | $91.4M | ||
| Q3 24 | $124.8M | $63.2M | ||
| Q2 24 | $118.8M | $73.8M | ||
| Q1 24 | $111.9M | $83.1M |
| Q4 25 | $7.3M | $1.2M | ||
| Q3 25 | $2.3M | $3.0M | ||
| Q2 25 | $518.0K | $21.4M | ||
| Q1 25 | $4.8M | $-24.2M | ||
| Q4 24 | $6.8M | $3.7M | ||
| Q3 24 | $1.3M | $-98.0K | ||
| Q2 24 | $6.0M | $-430.0K | ||
| Q1 24 | $5.5M | $-216.0K |
| Q4 25 | 31.5% | 13.0% | ||
| Q3 25 | 29.7% | 16.1% | ||
| Q2 25 | 30.9% | 10.4% | ||
| Q1 25 | 33.2% | 4.2% | ||
| Q4 24 | 34.1% | 14.7% | ||
| Q3 24 | 35.8% | 10.3% | ||
| Q2 24 | 35.7% | 17.7% | ||
| Q1 24 | 37.1% | 14.2% |
| Q4 25 | 12.0% | -3.1% | ||
| Q3 25 | 9.4% | 5.8% | ||
| Q2 25 | 7.3% | -0.1% | ||
| Q1 25 | 11.5% | -10.8% | ||
| Q4 24 | 12.7% | 3.9% | ||
| Q3 24 | 14.3% | -7.8% | ||
| Q2 24 | 12.5% | 4.8% | ||
| Q1 24 | 12.6% | 0.9% |
| Q4 25 | 4.8% | 1.4% | ||
| Q3 25 | 1.7% | 3.2% | ||
| Q2 25 | 0.4% | 24.9% | ||
| Q1 25 | 3.9% | -37.0% | ||
| Q4 24 | 5.4% | 4.1% | ||
| Q3 24 | 1.0% | -0.2% | ||
| Q2 24 | 5.1% | -0.6% | ||
| Q1 24 | 4.9% | -0.3% |
| Q4 25 | $0.62 | $0.03 | ||
| Q3 25 | $0.19 | $0.08 | ||
| Q2 25 | $0.04 | $0.54 | ||
| Q1 25 | $0.40 | $-0.62 | ||
| Q4 24 | $0.56 | $0.10 | ||
| Q3 24 | $0.11 | $0.00 | ||
| Q2 24 | $0.51 | $-0.01 | ||
| Q1 24 | $0.46 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $21.7M | $22.6M |
| Total DebtLower is stronger | $286.7M | $15.0M |
| Stockholders' EquityBook value | $-17.3M | $239.7M |
| Total Assets | $403.2M | $340.0M |
| Debt / EquityLower = less leverage | — | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $22.6M | ||
| Q3 25 | $16.0M | $5.1M | ||
| Q2 25 | $17.1M | $4.3M | ||
| Q1 25 | $31.5M | $5.1M | ||
| Q4 24 | $33.5M | $1.6M | ||
| Q3 24 | $14.7M | $7.2M | ||
| Q2 24 | $7.5M | $6.3M | ||
| Q1 24 | $17.1M | $4.6M |
| Q4 25 | $286.7M | $15.0M | ||
| Q3 25 | $308.4M | $14.3M | ||
| Q2 25 | $310.9M | $23.5M | ||
| Q1 25 | $280.7M | $13.7M | ||
| Q4 24 | $280.4M | $14.7M | ||
| Q3 24 | $280.2M | $15.7M | ||
| Q2 24 | $269.7M | $17.1M | ||
| Q1 24 | $265.3M | $25.5M |
| Q4 25 | $-17.3M | $239.7M | ||
| Q3 25 | $-25.7M | $239.9M | ||
| Q2 25 | $-29.0M | $240.5M | ||
| Q1 25 | $-29.7M | $219.9M | ||
| Q4 24 | $-35.6M | $243.8M | ||
| Q3 24 | $-42.8M | $243.6M | ||
| Q2 24 | $-44.6M | $242.9M | ||
| Q1 24 | $-48.5M | $242.5M |
| Q4 25 | $403.2M | $340.0M | ||
| Q3 25 | $407.1M | $343.1M | ||
| Q2 25 | $399.8M | $345.8M | ||
| Q1 25 | $351.9M | $326.9M | ||
| Q4 24 | $349.7M | $341.5M | ||
| Q3 24 | $342.3M | $335.8M | ||
| Q2 24 | $321.4M | $341.8M | ||
| Q1 24 | $319.8M | $349.3M |
| Q4 25 | — | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
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 | $39.6M | $22.4M |
| Free Cash FlowOCF − Capex | $35.2M | $20.4M |
| FCF MarginFCF / Revenue | 23.0% | 23.7% |
| Capex IntensityCapex / Revenue | 2.9% | 2.3% |
| Cash ConversionOCF / Net Profit | 5.39× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.6M | $22.4M | ||
| Q3 25 | $10.0M | $18.2M | ||
| Q2 25 | $4.3M | $-5.1M | ||
| Q1 25 | $5.6M | $8.7M | ||
| Q4 24 | $26.7M | $1.0M | ||
| Q3 24 | $12.5M | $5.8M | ||
| Q2 24 | $-4.8M | $14.9M | ||
| Q1 24 | $8.9M | $-3.9M |
| Q4 25 | $35.2M | $20.4M | ||
| Q3 25 | $5.3M | $14.8M | ||
| Q2 25 | $533.0K | $-7.8M | ||
| Q1 25 | $292.0K | $5.2M | ||
| Q4 24 | $21.6M | $-840.0K | ||
| Q3 24 | $11.1M | $3.7M | ||
| Q2 24 | $-6.0M | $13.5M | ||
| Q1 24 | $7.4M | $-5.5M |
| Q4 25 | 23.0% | 23.7% | ||
| Q3 25 | 3.8% | 15.9% | ||
| Q2 25 | 0.4% | -9.1% | ||
| Q1 25 | 0.2% | 7.9% | ||
| Q4 24 | 17.3% | -0.9% | ||
| Q3 24 | 8.9% | 5.8% | ||
| Q2 24 | -5.0% | 18.3% | ||
| Q1 24 | 6.6% | -6.6% |
| Q4 25 | 2.9% | 2.3% | ||
| Q3 25 | 3.4% | 3.6% | ||
| Q2 25 | 2.9% | 3.1% | ||
| Q1 25 | 4.3% | 5.4% | ||
| Q4 24 | 4.0% | 2.1% | ||
| Q3 24 | 1.2% | 3.4% | ||
| Q2 24 | 1.0% | 1.8% | ||
| Q1 24 | 1.3% | 2.0% |
| Q4 25 | 5.39× | 18.99× | ||
| Q3 25 | 4.32× | 6.05× | ||
| Q2 25 | 8.39× | -0.24× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 3.94× | 0.28× | ||
| Q3 24 | 9.70× | — | ||
| Q2 24 | -0.79× | — | ||
| Q1 24 | 1.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
