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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and TANGER INC. (SKT). Click either name above to swap in a different company.
TANGER INC. is the larger business by last-quarter revenue ($150.4M vs $140.7M, roughly 1.1× Purple Innovation, Inc.). TANGER INC. runs the higher net margin — 19.6% vs -2.3%, a 21.8% gap on every dollar of revenue. On growth, TANGER INC. posted the faster year-over-year revenue change (11.1% vs 9.1%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs 8.0%).
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.
PRPL vs SKT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $150.4M |
| Net Profit | $-3.2M | $29.4M |
| Gross Margin | 41.9% | — |
| Operating Margin | -1.6% | — |
| Net Margin | -2.3% | 19.6% |
| Revenue YoY | 9.1% | 11.1% |
| Net Profit YoY | 62.1% | 47.1% |
| EPS (diluted) | $0.03 | $1.05 |
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 | — | $150.4M | ||
| Q4 25 | $140.7M | $151.0M | ||
| Q3 25 | $118.8M | $145.2M | ||
| Q2 25 | $105.1M | $140.7M | ||
| Q1 25 | $104.2M | $135.4M | ||
| Q4 24 | $129.0M | $132.2M | ||
| Q3 24 | $118.6M | $133.0M | ||
| Q2 24 | $120.3M | $129.0M |
| Q1 26 | — | $29.4M | ||
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-11.7M | $32.0M | ||
| Q2 25 | $-17.3M | $30.1M | ||
| Q1 25 | $-19.1M | $19.2M | ||
| Q4 24 | $-8.5M | — | ||
| Q3 24 | $-39.2M | $24.9M | ||
| Q2 24 | $27.0K | $24.8M |
| Q1 26 | — | — | ||
| Q4 25 | 41.9% | — | ||
| Q3 25 | 42.8% | — | ||
| Q2 25 | 35.9% | — | ||
| Q1 25 | 39.4% | — | ||
| Q4 24 | 42.9% | — | ||
| Q3 24 | 29.7% | — | ||
| Q2 24 | 40.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | -1.6% | — | ||
| Q3 25 | -10.2% | 20.1% | ||
| Q2 25 | -13.5% | 20.1% | ||
| Q1 25 | -13.9% | 13.0% | ||
| Q4 24 | -6.0% | — | ||
| Q3 24 | -39.5% | 17.8% | ||
| Q2 24 | -12.1% | 17.8% |
| Q1 26 | — | 19.6% | ||
| Q4 25 | -2.3% | — | ||
| Q3 25 | -9.9% | 22.1% | ||
| Q2 25 | -16.5% | 21.4% | ||
| Q1 25 | -18.4% | 14.2% | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | -33.1% | 18.7% | ||
| Q2 24 | 0.0% | 19.3% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $0.03 | — | ||
| Q3 25 | $0.11 | $0.28 | ||
| Q2 25 | $0.16 | $0.26 | ||
| Q1 25 | $0.18 | $0.17 | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $0.36 | $0.22 | ||
| Q2 24 | $0.00 | $0.22 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.3M | $227.4M |
| Total DebtLower is stronger | $126.7M | — |
| Stockholders' EquityBook value | $-29.7M | $697.8M |
| Total Assets | $296.3M | $2.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $227.4M | ||
| Q4 25 | $24.3M | $18.1M | ||
| Q3 25 | $32.4M | $13.0M | ||
| Q2 25 | $34.2M | $9.7M | ||
| Q1 25 | $21.6M | $10.2M | ||
| Q4 24 | $29.0M | $47.0M | ||
| Q3 24 | $23.4M | $11.1M | ||
| Q2 24 | $23.4M | $11.3M |
| Q1 26 | — | — | ||
| Q4 25 | $126.7M | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $70.7M | $1.4B | ||
| Q3 24 | $50.8M | $1.4B | ||
| Q2 24 | — | $1.5B |
| Q1 26 | — | $697.8M | ||
| Q4 25 | $-29.7M | — | ||
| Q3 25 | $-26.9M | $703.6M | ||
| Q2 25 | $-15.6M | $635.2M | ||
| Q1 25 | $1.3M | $633.9M | ||
| Q4 24 | $20.2M | $652.4M | ||
| Q3 24 | $28.0M | $568.3M | ||
| Q2 24 | $66.4M | $553.7M |
| Q1 26 | — | $2.8B | ||
| Q4 25 | $296.3M | — | ||
| Q3 25 | $302.1M | $2.6B | ||
| Q2 25 | $303.8M | $2.5B | ||
| Q1 25 | $293.8M | $2.5B | ||
| Q4 24 | $307.8M | $2.4B | ||
| Q3 24 | $309.3M | $2.3B | ||
| Q2 24 | $362.1M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.29× | ||
| Q2 25 | — | 2.40× | ||
| Q1 25 | — | 2.47× | ||
| Q4 24 | 3.50× | 2.18× | ||
| Q3 24 | 1.82× | 2.51× | ||
| Q2 24 | — | 2.64× |
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 | $-5.8M | — |
| Free Cash FlowOCF − Capex | $-7.8M | — |
| FCF MarginFCF / Revenue | -5.5% | — |
| Capex IntensityCapex / Revenue | 1.4% | 6.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-5.8M | — | ||
| Q3 25 | $-968.0K | $74.3M | ||
| Q2 25 | $-4.0M | $82.0M | ||
| Q1 25 | $-23.1M | $41.4M | ||
| Q4 24 | $6.8M | — | ||
| Q3 24 | $1.1M | $65.2M | ||
| Q2 24 | $-8.9M | $72.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-7.8M | — | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-7.0M | — | ||
| Q1 25 | $-25.3M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $101.0K | — | ||
| Q2 24 | $-11.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | -5.5% | — | ||
| Q3 25 | -1.5% | — | ||
| Q2 25 | -6.6% | — | ||
| Q1 25 | -24.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | -9.2% | — |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 2.32× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.62× | ||
| Q2 24 | -330.22× | 2.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
SKT
| Rental revenue | $143.5M | 95% |
| Other revenue | $4.7M | 3% |
| Management, leasing and other services | $2.2M | 1% |
