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Side-by-side financial comparison of CPI Card Group Inc. (PMTS) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). 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 $103.6M, roughly 1.5× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 4.8%, a 5.5% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 21.0%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 16.9%).
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.
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.
PMTS vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $153.1M | $103.6M |
| Net Profit | $7.3M | $10.6M |
| Gross Margin | 31.5% | 78.2% |
| Operating Margin | 12.0% | 18.1% |
| Net Margin | 4.8% | 10.3% |
| Revenue YoY | 22.3% | 21.0% |
| Net Profit YoY | 8.5% | 9.4% |
| EPS (diluted) | $0.62 | $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 | $153.1M | $103.6M | ||
| Q3 25 | $138.0M | $85.8M | ||
| Q2 25 | $129.8M | $78.9M | ||
| Q1 25 | $122.8M | $61.3M | ||
| Q4 24 | $125.1M | $85.6M | ||
| Q3 24 | $124.8M | $73.1M | ||
| Q2 24 | $118.8M | $73.2M | ||
| Q1 24 | $111.9M | $61.1M |
| Q4 25 | $7.3M | $10.6M | ||
| Q3 25 | $2.3M | $8.2M | ||
| Q2 25 | $518.0K | $3.2M | ||
| Q1 25 | $4.8M | $-3.0M | ||
| Q4 24 | $6.8M | $9.7M | ||
| Q3 24 | $1.3M | $5.2M | ||
| Q2 24 | $6.0M | $4.3M | ||
| Q1 24 | $5.5M | $-2.2M |
| Q4 25 | 31.5% | 78.2% | ||
| Q3 25 | 29.7% | 75.8% | ||
| Q2 25 | 30.9% | 74.5% | ||
| Q1 25 | 33.2% | 74.0% | ||
| Q4 24 | 34.1% | 75.2% | ||
| Q3 24 | 35.8% | 75.0% | ||
| Q2 24 | 35.7% | 73.9% | ||
| Q1 24 | 37.1% | 71.1% |
| Q4 25 | 12.0% | 18.1% | ||
| Q3 25 | 9.4% | 12.8% | ||
| Q2 25 | 7.3% | 5.2% | ||
| Q1 25 | 11.5% | -7.4% | ||
| Q4 24 | 12.7% | 14.6% | ||
| Q3 24 | 14.3% | 9.3% | ||
| Q2 24 | 12.5% | 8.0% | ||
| Q1 24 | 12.6% | -4.9% |
| Q4 25 | 4.8% | 10.3% | ||
| Q3 25 | 1.7% | 9.6% | ||
| Q2 25 | 0.4% | 4.1% | ||
| Q1 25 | 3.9% | -4.9% | ||
| Q4 24 | 5.4% | 11.4% | ||
| Q3 24 | 1.0% | 7.1% | ||
| Q2 24 | 5.1% | 5.9% | ||
| Q1 24 | 4.9% | -3.6% |
| Q4 25 | $0.62 | $0.45 | ||
| Q3 25 | $0.19 | $0.36 | ||
| Q2 25 | $0.04 | $0.14 | ||
| Q1 25 | $0.40 | $-0.13 | ||
| Q4 24 | $0.56 | $0.40 | ||
| Q3 24 | $0.11 | $0.21 | ||
| Q2 24 | $0.51 | $0.18 | ||
| Q1 24 | $0.46 | $-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 | $21.7M | $83.4M |
| Total DebtLower is stronger | $286.7M | $0 |
| Stockholders' EquityBook value | $-17.3M | $218.9M |
| Total Assets | $403.2M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.7M | $83.4M | ||
| Q3 25 | $16.0M | $66.0M | ||
| Q2 25 | $17.1M | $81.5M | ||
| Q1 25 | $31.5M | $83.6M | ||
| Q4 24 | $33.5M | $94.4M | ||
| Q3 24 | $14.7M | $82.1M | ||
| Q2 24 | $7.5M | $73.6M | ||
| Q1 24 | $17.1M | $60.7M |
| Q4 25 | $286.7M | $0 | ||
| Q3 25 | $308.4M | $0 | ||
| Q2 25 | $310.9M | — | ||
| Q1 25 | $280.7M | — | ||
| Q4 24 | $280.4M | — | ||
| Q3 24 | $280.2M | $27.0M | ||
| Q2 24 | $269.7M | $27.8M | ||
| Q1 24 | $265.3M | $28.5M |
| Q4 25 | $-17.3M | $218.9M | ||
| Q3 25 | $-25.7M | $204.9M | ||
| Q2 25 | $-29.0M | $194.9M | ||
| Q1 25 | $-29.7M | $205.6M | ||
| Q4 24 | $-35.6M | $216.6M | ||
| Q3 24 | $-42.8M | $207.9M | ||
| Q2 24 | $-44.6M | $200.7M | ||
| Q1 24 | $-48.5M | $193.5M |
| Q4 25 | $403.2M | $273.9M | ||
| Q3 25 | $407.1M | $259.2M | ||
| Q2 25 | $399.8M | $273.0M | ||
| Q1 25 | $351.9M | $280.2M | ||
| Q4 24 | $349.7M | $297.9M | ||
| Q3 24 | $342.3M | $287.7M | ||
| Q2 24 | $321.4M | $278.8M | ||
| Q1 24 | $319.8M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 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 | $39.6M | $17.3M |
| Free Cash FlowOCF − Capex | $35.2M | $16.8M |
| FCF MarginFCF / Revenue | 23.0% | 16.2% |
| Capex IntensityCapex / Revenue | 2.9% | 0.5% |
| Cash ConversionOCF / Net Profit | 5.39× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $41.3M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $39.6M | $17.3M | ||
| Q3 25 | $10.0M | $10.3M | ||
| Q2 25 | $4.3M | $14.8M | ||
| Q1 25 | $5.6M | $417.0K | ||
| Q4 24 | $26.7M | $16.3M | ||
| Q3 24 | $12.5M | $10.3M | ||
| Q2 24 | $-4.8M | $13.1M | ||
| Q1 24 | $8.9M | $924.0K |
| Q4 25 | $35.2M | $16.8M | ||
| Q3 25 | $5.3M | $9.2M | ||
| Q2 25 | $533.0K | $14.4M | ||
| Q1 25 | $292.0K | $38.0K | ||
| Q4 24 | $21.6M | $15.9M | ||
| Q3 24 | $11.1M | $9.3M | ||
| Q2 24 | $-6.0M | $12.6M | ||
| Q1 24 | $7.4M | $442.0K |
| Q4 25 | 23.0% | 16.2% | ||
| Q3 25 | 3.8% | 10.8% | ||
| Q2 25 | 0.4% | 18.2% | ||
| Q1 25 | 0.2% | 0.1% | ||
| Q4 24 | 17.3% | 18.5% | ||
| Q3 24 | 8.9% | 12.7% | ||
| Q2 24 | -5.0% | 17.3% | ||
| Q1 24 | 6.6% | 0.7% |
| Q4 25 | 2.9% | 0.5% | ||
| Q3 25 | 3.4% | 1.3% | ||
| Q2 25 | 2.9% | 0.5% | ||
| Q1 25 | 4.3% | 0.6% | ||
| Q4 24 | 4.0% | 0.5% | ||
| Q3 24 | 1.2% | 1.3% | ||
| Q2 24 | 1.0% | 0.7% | ||
| Q1 24 | 1.3% | 0.8% |
| Q4 25 | 5.39× | 1.63× | ||
| Q3 25 | 4.32× | 1.26× | ||
| Q2 25 | 8.39× | 4.59× | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 3.94× | 1.68× | ||
| Q3 24 | 9.70× | 1.99× | ||
| Q2 24 | -0.79× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
