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Side-by-side financial comparison of PROVIDENT FINANCIAL HOLDINGS INC (PROV) and SANUWAVE Health, Inc. (SNWV). Click either name above to swap in a different company.

SANUWAVE Health, Inc. is the larger business by last-quarter revenue ($13.4M vs $9.8M, roughly 1.4× PROVIDENT FINANCIAL HOLDINGS INC). SANUWAVE Health, Inc. runs the higher net margin — 57.4% vs 14.6%, a 42.8% gap on every dollar of revenue. On growth, SANUWAVE Health, Inc. posted the faster year-over-year revenue change (30.3% vs 2.5%). SANUWAVE Health, Inc. produced more free cash flow last quarter ($3.2M vs $1.0M). Over the past eight quarters, SANUWAVE Health, Inc.'s revenue compounded faster (53.5% CAGR vs 2.3%).

Provident Financial Holdings Inc is a bank holding company operating through its subsidiary Provident Savings Bank. It offers retail and commercial banking services including deposit products, mortgage loans, consumer lending and small business financing for local communities across California.

SANUWAVE Health, Inc. is a medical technology company specializing in non-invasive regenerative care solutions. It develops and commercializes shock wave therapy systems for treating chronic wounds, diabetic foot ulcers, and orthopedic conditions, serving healthcare providers and patients across North America, Europe, and key Asia-Pacific markets.

PROV vs SNWV — Head-to-Head

Bigger by revenue
SNWV
SNWV
1.4× larger
SNWV
$13.4M
$9.8M
PROV
Growing faster (revenue YoY)
SNWV
SNWV
+27.8% gap
SNWV
30.3%
2.5%
PROV
Higher net margin
SNWV
SNWV
42.8% more per $
SNWV
57.4%
14.6%
PROV
More free cash flow
SNWV
SNWV
$2.2M more FCF
SNWV
$3.2M
$1.0M
PROV
Faster 2-yr revenue CAGR
SNWV
SNWV
Annualised
SNWV
53.5%
2.3%
PROV

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
PROV
PROV
SNWV
SNWV
Revenue
$9.8M
$13.4M
Net Profit
$1.4M
$7.7M
Gross Margin
74.7%
Operating Margin
20.8%
15.0%
Net Margin
14.6%
57.4%
Revenue YoY
2.5%
30.3%
Net Profit YoY
64.7%
157.8%
EPS (diluted)
$0.22
$0.78

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.

Revenue
PROV
PROV
SNWV
SNWV
Q4 25
$9.8M
$13.4M
Q3 25
$9.7M
$11.4M
Q2 25
$9.8M
$10.1M
Q1 25
$10.1M
$9.3M
Q4 24
$9.6M
$10.3M
Q3 24
$9.5M
$9.3M
Q2 24
$9.9M
$7.1M
Q1 24
$9.4M
$5.7M
Net Profit
PROV
PROV
SNWV
SNWV
Q4 25
$1.4M
$7.7M
Q3 25
$1.7M
$9.7M
Q2 25
$1.6M
$551.0K
Q1 25
$1.9M
$-6.1M
Q4 24
$872.0K
$-13.3M
Q3 24
$1.9M
$-21.2M
Q2 24
$2.0M
$6.2M
Q1 24
$1.5M
$-4.8M
Gross Margin
PROV
PROV
SNWV
SNWV
Q4 25
74.7%
Q3 25
76.6%
Q2 25
77.3%
Q1 25
79.4%
Q4 24
78.2%
Q3 24
76.1%
Q2 24
74.0%
Q1 24
73.9%
Operating Margin
PROV
PROV
SNWV
SNWV
Q4 25
20.8%
15.0%
Q3 25
28.1%
7.9%
Q2 25
23.6%
14.2%
Q1 25
26.2%
6.5%
Q4 24
12.7%
19.6%
Q3 24
28.3%
16.0%
Q2 24
27.8%
23.3%
Q1 24
22.5%
-22.8%
Net Margin
PROV
PROV
SNWV
SNWV
Q4 25
14.6%
57.4%
Q3 25
17.3%
84.8%
Q2 25
16.7%
5.4%
Q1 25
18.4%
-65.8%
Q4 24
9.1%
-129.5%
Q3 24
20.0%
-227.8%
Q2 24
19.7%
87.4%
Q1 24
15.9%
-84.4%
EPS (diluted)
PROV
PROV
SNWV
SNWV
Q4 25
$0.22
$0.78
Q3 25
$0.25
$0.39
Q2 25
$0.24
$-0.04
Q1 25
$0.28
$-0.72
Q4 24
$0.13
$-0.76
Q3 24
$0.28
$-6.65
Q2 24
$0.28
$0.00
Q1 24
$0.22
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PROV
PROV
SNWV
SNWV
Cash + ST InvestmentsLiquidity on hand
$54.4M
$12.0M
Total DebtLower is stronger
$21.9M
Stockholders' EquityBook value
$127.5M
$1.6M
Total Assets
$1.2B
$37.3M
Debt / EquityLower = less leverage
13.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PROV
PROV
SNWV
SNWV
Q4 25
$54.4M
$12.0M
Q3 25
$49.4M
$9.6M
Q2 25
$53.1M
$8.5M
Q1 25
$50.9M
$8.5M
Q4 24
$45.5M
$10.2M
Q3 24
$48.2M
$3.3M
Q2 24
$51.4M
$2.5M
Q1 24
$51.7M
$2.9M
Total Debt
PROV
PROV
SNWV
SNWV
Q4 25
$21.9M
Q3 25
$23.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PROV
PROV
SNWV
SNWV
Q4 25
$127.5M
$1.6M
Q3 25
$128.4M
$-7.6M
Q2 25
$128.5M
$-18.8M
Q1 25
$128.9M
$-20.8M
Q4 24
$128.6M
$-15.8M
Q3 24
$129.6M
$-60.3M
Q2 24
$129.9M
$-39.6M
Q1 24
$129.5M
$-47.6M
Total Assets
PROV
PROV
SNWV
SNWV
Q4 25
$1.2B
$37.3M
Q3 25
$1.2B
$35.6M
Q2 25
$1.2B
$33.0M
Q1 25
$1.3B
$30.9M
Q4 24
$1.3B
$30.1M
Q3 24
$1.3B
$21.8M
Q2 24
$1.3B
$21.0M
Q1 24
$1.3B
$23.3M
Debt / Equity
PROV
PROV
SNWV
SNWV
Q4 25
13.52×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
PROV
PROV
SNWV
SNWV
Operating Cash FlowLast quarter
$1.2M
$3.3M
Free Cash FlowOCF − Capex
$1.0M
$3.2M
FCF MarginFCF / Revenue
10.5%
24.1%
Capex IntensityCapex / Revenue
1.9%
0.7%
Cash ConversionOCF / Net Profit
0.85×
0.43×
TTM Free Cash FlowTrailing 4 quarters
$14.9M
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PROV
PROV
SNWV
SNWV
Q4 25
$1.2M
$3.3M
Q3 25
$2.5M
$1.1M
Q2 25
$8.7M
$993.0K
Q1 25
$3.3M
$-1.5M
Q4 24
$324.0K
$741.0K
Q3 24
$2.6M
$1.3M
Q2 24
$5.7M
$-668.0K
Q1 24
$3.0M
$1.1M
Free Cash Flow
PROV
PROV
SNWV
SNWV
Q4 25
$1.0M
$3.2M
Q3 25
$2.5M
$556.0K
Q2 25
$8.2M
$-166.0K
Q1 25
$3.3M
$-1.7M
Q4 24
$307.0K
$505.0K
Q3 24
$2.4M
$1.2M
Q2 24
$4.1M
$-760.0K
Q1 24
$2.6M
$986.0K
FCF Margin
PROV
PROV
SNWV
SNWV
Q4 25
10.5%
24.1%
Q3 25
25.2%
4.9%
Q2 25
83.5%
-1.6%
Q1 25
32.5%
-18.1%
Q4 24
3.2%
4.9%
Q3 24
25.1%
13.3%
Q2 24
41.3%
-10.7%
Q1 24
27.5%
17.3%
Capex Intensity
PROV
PROV
SNWV
SNWV
Q4 25
1.9%
0.7%
Q3 25
0.5%
4.6%
Q2 25
5.4%
11.4%
Q1 25
0.3%
1.7%
Q4 24
0.2%
2.3%
Q3 24
1.8%
0.5%
Q2 24
16.0%
1.3%
Q1 24
4.2%
2.0%
Cash Conversion
PROV
PROV
SNWV
SNWV
Q4 25
0.85×
0.43×
Q3 25
1.48×
0.11×
Q2 25
5.34×
1.80×
Q1 25
1.79×
Q4 24
0.37×
Q3 24
1.35×
Q2 24
2.91×
-0.11×
Q1 24
2.00×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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