vs
Side-by-side financial comparison of PubMatic, Inc. (PUBM) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.
PubMatic, Inc. is the larger business by last-quarter revenue ($80.0M vs $41.8M, roughly 1.9× Neuronetics, Inc.). On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs -6.4%). PubMatic, Inc. produced more free cash flow last quarter ($11.3M vs $692.0K). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% CAGR vs 9.5%).
PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
PUBM vs STIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $80.0M | $41.8M |
| Net Profit | — | $-7.2M |
| Gross Margin | 68.2% | 52.0% |
| Operating Margin | 10.6% | -12.1% |
| Net Margin | — | -17.2% |
| Revenue YoY | -6.4% | 85.7% |
| Net Profit YoY | — | 43.2% |
| EPS (diluted) | $0.14 | $-0.10 |
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 | $80.0M | $41.8M | ||
| Q3 25 | $68.0M | $37.3M | ||
| Q2 25 | $71.1M | $38.1M | ||
| Q1 25 | $63.8M | $32.0M | ||
| Q4 24 | $85.5M | $22.5M | ||
| Q3 24 | $71.8M | $18.5M | ||
| Q2 24 | $67.3M | $16.4M | ||
| Q1 24 | $66.7M | $17.4M |
| Q4 25 | — | $-7.2M | ||
| Q3 25 | $-6.5M | $-9.0M | ||
| Q2 25 | $-5.2M | $-10.1M | ||
| Q1 25 | $-9.5M | $-12.7M | ||
| Q4 24 | — | $-12.7M | ||
| Q3 24 | $-912.0K | $-13.3M | ||
| Q2 24 | $2.0M | $-9.8M | ||
| Q1 24 | $-2.5M | $-7.9M |
| Q4 25 | 68.2% | 52.0% | ||
| Q3 25 | 62.6% | 45.9% | ||
| Q2 25 | 62.6% | 46.6% | ||
| Q1 25 | 59.9% | 49.2% | ||
| Q4 24 | 70.8% | 66.2% | ||
| Q3 24 | 64.5% | 75.6% | ||
| Q2 24 | 62.6% | 74.0% | ||
| Q1 24 | 61.9% | 75.1% |
| Q4 25 | 10.6% | -12.1% | ||
| Q3 25 | -12.4% | -19.6% | ||
| Q2 25 | -7.7% | -21.1% | ||
| Q1 25 | -18.6% | -34.4% | ||
| Q4 24 | 17.3% | -51.0% | ||
| Q3 24 | -1.9% | -41.7% | ||
| Q2 24 | -5.9% | -51.7% | ||
| Q1 24 | -8.3% | -39.4% |
| Q4 25 | — | -17.2% | ||
| Q3 25 | -9.5% | -24.3% | ||
| Q2 25 | -7.3% | -26.6% | ||
| Q1 25 | -14.9% | -39.6% | ||
| Q4 24 | — | -56.4% | ||
| Q3 24 | -1.3% | -72.0% | ||
| Q2 24 | 2.9% | -59.8% | ||
| Q1 24 | -3.7% | -45.2% |
| Q4 25 | $0.14 | $-0.10 | ||
| Q3 25 | $-0.14 | $-0.13 | ||
| Q2 25 | $-0.11 | $-0.15 | ||
| Q1 25 | $-0.20 | $-0.21 | ||
| Q4 24 | $0.26 | $-0.34 | ||
| Q3 24 | $-0.02 | $-0.44 | ||
| Q2 24 | $0.04 | $-0.33 | ||
| Q1 24 | $-0.05 | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $145.5M | $28.1M |
| Total DebtLower is stronger | — | $65.8M |
| Stockholders' EquityBook value | $262.6M | $22.4M |
| Total Assets | $680.2M | $141.6M |
| Debt / EquityLower = less leverage | — | 2.94× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $145.5M | $28.1M | ||
| Q3 25 | $136.5M | $28.0M | ||
| Q2 25 | $90.5M | $11.0M | ||
| Q1 25 | $101.8M | $20.2M | ||
| Q4 24 | $100.5M | $18.5M | ||
| Q3 24 | $78.9M | $20.9M | ||
| Q2 24 | $73.5M | $42.6M | ||
| Q1 24 | $80.2M | $47.7M |
| Q4 25 | — | $65.8M | ||
| Q3 25 | — | $65.7M | ||
| Q2 25 | — | $55.5M | ||
| Q1 25 | — | $55.3M | ||
| Q4 24 | — | $55.2M | ||
| Q3 24 | — | $46.0M | ||
| Q2 24 | — | $59.8M | ||
| Q1 24 | — | $59.4M |
| Q4 25 | $262.6M | $22.4M | ||
| Q3 25 | $245.1M | $27.4M | ||
| Q2 25 | $243.3M | $27.1M | ||
| Q1 25 | $275.6M | $35.5M | ||
| Q4 24 | $277.3M | $27.7M | ||
| Q3 24 | $263.2M | $9.4M | ||
| Q2 24 | $282.7M | $19.4M | ||
| Q1 24 | $288.7M | $27.7M |
| Q4 25 | $680.2M | $141.6M | ||
| Q3 25 | $676.2M | $145.5M | ||
| Q2 25 | $675.2M | $134.7M | ||
| Q1 25 | $668.6M | $142.0M | ||
| Q4 24 | $739.5M | $140.9M | ||
| Q3 24 | $689.1M | — | ||
| Q2 24 | $673.1M | $96.8M | ||
| Q1 24 | $626.2M | $103.8M |
| Q4 25 | — | 2.94× | ||
| Q3 25 | — | 2.40× | ||
| Q2 25 | — | 2.05× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.99× | ||
| Q3 24 | — | 4.90× | ||
| Q2 24 | — | 3.08× | ||
| Q1 24 | — | 2.15× |
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 | $18.2M | $908.0K |
| Free Cash FlowOCF − Capex | $11.3M | $692.0K |
| FCF MarginFCF / Revenue | 14.1% | 1.7% |
| Capex IntensityCapex / Revenue | 8.6% | 0.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $66.7M | $-21.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.2M | $908.0K | ||
| Q3 25 | $32.4M | $-785.0K | ||
| Q2 25 | $14.9M | $-3.5M | ||
| Q1 25 | $15.6M | $-17.0M | ||
| Q4 24 | $18.0M | $-8.6M | ||
| Q3 24 | $19.1M | $-5.4M | ||
| Q2 24 | $11.9M | $-5.0M | ||
| Q1 24 | $24.3M | $-12.0M |
| Q4 25 | $11.3M | $692.0K | ||
| Q3 25 | $27.7M | $-899.0K | ||
| Q2 25 | $13.6M | $-3.8M | ||
| Q1 25 | $14.2M | $-17.2M | ||
| Q4 24 | $13.7M | $-8.7M | ||
| Q3 24 | $7.4M | $-5.8M | ||
| Q2 24 | $11.2M | $-5.6M | ||
| Q1 24 | $23.5M | $-12.4M |
| Q4 25 | 14.1% | 1.7% | ||
| Q3 25 | 40.8% | -2.4% | ||
| Q2 25 | 19.1% | -9.9% | ||
| Q1 25 | 22.2% | -53.8% | ||
| Q4 24 | 16.1% | -38.6% | ||
| Q3 24 | 10.3% | -31.3% | ||
| Q2 24 | 16.7% | -34.0% | ||
| Q1 24 | 35.2% | -71.1% |
| Q4 25 | 8.6% | 0.5% | ||
| Q3 25 | 6.9% | 0.3% | ||
| Q2 25 | 1.9% | 0.7% | ||
| Q1 25 | 2.3% | 0.7% | ||
| Q4 24 | 5.1% | 0.4% | ||
| Q3 24 | 16.3% | 2.1% | ||
| Q2 24 | 1.1% | 3.7% | ||
| Q1 24 | 1.2% | 2.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 6.06× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
