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Side-by-side financial comparison of Privia Health Group, Inc. (PRVA) and Gentherm Inc (THRM). Click either name above to swap in a different company.

Privia Health Group, Inc. is the larger business by last-quarter revenue ($603.8M vs $382.8M, roughly 1.6× Gentherm Inc). Gentherm Inc runs the higher net margin — 0.8% vs 0.6%, a 0.2% gap on every dollar of revenue. On growth, Privia Health Group, Inc. posted the faster year-over-year revenue change (25.8% vs 8.5%). Over the past eight quarters, Privia Health Group, Inc.'s revenue compounded faster (19.6% CAGR vs 3.7%).

Privia Health Group, Inc. is a U.S.-headquartered healthcare technology and services firm supporting independent practices, health systems, and payers delivering value-based care. It offers population health tools, patient engagement platforms, care coordination support, and workflow solutions to boost patient outcomes and cut operational costs for U.S. healthcare stakeholders.

Gentherm Incorporated, formerly Amerigon, is an American thermal management technologies company. Gentherm created the first thermoelectrically heated and cooled seat system for the automotive industry. Called the "Climate Control Seat" system, it was first adopted by the Ford Motor Company and introduced as an option on the model year 2000 Lincoln Navigator in 1999. Today it is available on more than 50 vehicles sold by Ford, General Motors, Toyota (Lexus), Kia, Hyundai, Nissan (Infiniti), R...

PRVA vs THRM — Head-to-Head

Bigger by revenue
PRVA
PRVA
1.6× larger
PRVA
$603.8M
$382.8M
THRM
Growing faster (revenue YoY)
PRVA
PRVA
+17.3% gap
PRVA
25.8%
8.5%
THRM
Higher net margin
THRM
THRM
0.2% more per $
THRM
0.8%
0.6%
PRVA
Faster 2-yr revenue CAGR
PRVA
PRVA
Annualised
PRVA
19.6%
3.7%
THRM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PRVA
PRVA
THRM
THRM
Revenue
$603.8M
$382.8M
Net Profit
$3.7M
$3.0M
Gross Margin
20.8%
23.7%
Operating Margin
1.2%
4.6%
Net Margin
0.6%
0.8%
Revenue YoY
25.8%
8.5%
Net Profit YoY
-27.4%
-80.5%
EPS (diluted)
$0.02
$0.08

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
PRVA
PRVA
THRM
THRM
Q1 26
$603.8M
Q4 25
$541.2M
$382.8M
Q3 25
$580.4M
$386.9M
Q2 25
$521.2M
$375.1M
Q1 25
$480.1M
$353.9M
Q4 24
$460.9M
$352.9M
Q3 24
$437.9M
$371.5M
Q2 24
$422.3M
$375.7M
Net Profit
PRVA
PRVA
THRM
THRM
Q1 26
$3.7M
Q4 25
$9.2M
$3.0M
Q3 25
$6.9M
$14.9M
Q2 25
$2.7M
$477.0K
Q1 25
$4.2M
$-128.0K
Q4 24
$4.4M
$15.3M
Q3 24
$3.5M
$16.0M
Q2 24
$3.5M
$18.9M
Gross Margin
PRVA
PRVA
THRM
THRM
Q1 26
20.8%
Q4 25
23.7%
Q3 25
24.6%
Q2 25
23.9%
Q1 25
24.4%
Q4 24
24.4%
Q3 24
25.5%
Q2 24
25.7%
Operating Margin
PRVA
PRVA
THRM
THRM
Q1 26
1.2%
Q4 25
2.1%
4.6%
Q3 25
2.5%
6.2%
Q2 25
0.6%
6.4%
Q1 25
1.1%
4.8%
Q4 24
1.1%
6.7%
Q3 24
1.3%
8.7%
Q2 24
1.2%
8.8%
Net Margin
PRVA
PRVA
THRM
THRM
Q1 26
0.6%
Q4 25
1.7%
0.8%
Q3 25
1.2%
3.9%
Q2 25
0.5%
0.1%
Q1 25
0.9%
-0.0%
Q4 24
1.0%
4.3%
Q3 24
0.8%
4.3%
Q2 24
0.8%
5.0%
EPS (diluted)
PRVA
PRVA
THRM
THRM
Q1 26
$0.02
Q4 25
$0.08
$0.08
Q3 25
$0.05
$0.49
Q2 25
$0.02
$0.02
Q1 25
$0.03
$0.00
Q4 24
$0.03
$0.48
Q3 24
$0.03
$0.51
Q2 24
$0.03
$0.60

Balance Sheet & Financial Strength

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

Metric
PRVA
PRVA
THRM
THRM
Cash + ST InvestmentsLiquidity on hand
$419.5M
$160.8M
Total DebtLower is stronger
$189.0M
Stockholders' EquityBook value
$805.9M
$720.3M
Total Assets
$1.4B
$1.4B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRVA
PRVA
THRM
THRM
Q1 26
$419.5M
Q4 25
$479.7M
$160.8M
Q3 25
$441.4M
$154.3M
Q2 25
$390.1M
$128.3M
Q1 25
$469.3M
$163.1M
Q4 24
$491.1M
$134.1M
Q3 24
$422.0M
$150.6M
Q2 24
$387.4M
$123.5M
Total Debt
PRVA
PRVA
THRM
THRM
Q1 26
Q4 25
$189.0M
Q3 25
$189.0M
Q2 25
$209.0M
Q1 25
$262.0M
Q4 24
$220.1M
Q3 24
$222.1M
Q2 24
$222.1M
Stockholders' Equity
PRVA
PRVA
THRM
THRM
Q1 26
$805.9M
Q4 25
$737.2M
$720.3M
Q3 25
$709.1M
$717.9M
Q2 25
$682.9M
$699.7M
Q1 25
$659.4M
$646.5M
Q4 24
$635.2M
$616.9M
Q3 24
$614.9M
$660.7M
Q2 24
$595.4M
$640.3M
Total Assets
PRVA
PRVA
THRM
THRM
Q1 26
$1.4B
Q4 25
$1.4B
$1.4B
Q3 25
$1.4B
$1.4B
Q2 25
$1.3B
$1.4B
Q1 25
$1.2B
$1.3B
Q4 24
$1.1B
$1.2B
Q3 24
$1.1B
$1.3B
Q2 24
$1.1B
$1.2B
Debt / Equity
PRVA
PRVA
THRM
THRM
Q1 26
Q4 25
0.26×
Q3 25
0.26×
Q2 25
0.30×
Q1 25
0.41×
Q4 24
0.36×
Q3 24
0.34×
Q2 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
PRVA
PRVA
THRM
THRM
Operating Cash FlowLast quarter
$-49.5M
$29.0M
Free Cash FlowOCF − Capex
$6.7M
FCF MarginFCF / Revenue
1.7%
Capex IntensityCapex / Revenue
5.8%
Cash ConversionOCF / Net Profit
-13.33×
9.70×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRVA
PRVA
THRM
THRM
Q1 26
$-49.5M
Q4 25
$127.5M
$29.0M
Q3 25
$52.0M
$56.1M
Q2 25
$8.0M
$45.0M
Q1 25
$-24.1M
$-13.3M
Q4 24
$74.8M
$36.6M
Q3 24
$33.2M
$46.3M
Q2 24
$34.5M
$37.1M
Free Cash Flow
PRVA
PRVA
THRM
THRM
Q1 26
Q4 25
$6.7M
Q3 25
$46.5M
Q2 25
$36.2M
Q1 25
$-28.2M
Q4 24
$13.6M
Q3 24
$26.6M
Q2 24
$17.8M
FCF Margin
PRVA
PRVA
THRM
THRM
Q1 26
Q4 25
1.7%
Q3 25
12.0%
Q2 25
9.6%
Q1 25
-8.0%
Q4 24
3.9%
Q3 24
7.2%
Q2 24
4.7%
Capex Intensity
PRVA
PRVA
THRM
THRM
Q1 26
Q4 25
5.8%
Q3 25
2.5%
Q2 25
2.4%
Q1 25
4.2%
Q4 24
6.5%
Q3 24
5.3%
Q2 24
5.2%
Cash Conversion
PRVA
PRVA
THRM
THRM
Q1 26
-13.33×
Q4 25
13.93×
9.70×
Q3 25
7.58×
3.75×
Q2 25
2.97×
94.43×
Q1 25
-5.70×
Q4 24
17.00×
2.39×
Q3 24
9.38×
2.90×
Q2 24
9.94×
1.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PRVA
PRVA

FFS-patient care$391.1M65%
Capitated revenue$86.1M14%
Other$75.0M12%
FFS-administrative services$31.4M5%
Care management fees (PMPM)$17.9M3%
Other revenue$2.3M0%

THRM
THRM

Climate Control Seats$200.9M52%
Lumbar And Massage Comfort Solutions$58.5M15%
Climate Control Interiors$50.3M13%
Other Automotive$27.6M7%
Valve Systems$24.1M6%
Medical Segments$13.9M4%
Climate And Comfort Electronics$7.4M2%

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