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Side-by-side financial comparison of PubMatic, Inc. (PUBM) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

PubMatic, Inc. is the larger business by last-quarter revenue ($80.0M vs $40.1M, roughly 2.0× Strawberry Fields REIT, Inc.). On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs -6.4%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% 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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

PUBM vs STRW — Head-to-Head

Bigger by revenue
PUBM
PUBM
2.0× larger
PUBM
$80.0M
$40.1M
STRW
Growing faster (revenue YoY)
STRW
STRW
+37.9% gap
STRW
31.5%
-6.4%
PUBM
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
9.5%
PUBM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PUBM
PUBM
STRW
STRW
Revenue
$80.0M
$40.1M
Net Profit
$2.0M
Gross Margin
68.2%
Operating Margin
10.6%
52.4%
Net Margin
5.0%
Revenue YoY
-6.4%
31.5%
Net Profit YoY
37.6%
EPS (diluted)
$0.14
$0.15

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
PUBM
PUBM
STRW
STRW
Q4 25
$80.0M
$40.1M
Q3 25
$68.0M
$39.7M
Q2 25
$71.1M
$37.9M
Q1 25
$63.8M
$37.3M
Q4 24
$85.5M
$30.5M
Q3 24
$71.8M
$29.5M
Q2 24
$67.3M
$29.3M
Q1 24
$66.7M
$27.8M
Net Profit
PUBM
PUBM
STRW
STRW
Q4 25
$2.0M
Q3 25
$-6.5M
$2.0M
Q2 25
$-5.2M
$2.0M
Q1 25
$-9.5M
$1.6M
Q4 24
$1.5M
Q3 24
$-912.0K
$944.0K
Q2 24
$2.0M
$938.0K
Q1 24
$-2.5M
$746.0K
Gross Margin
PUBM
PUBM
STRW
STRW
Q4 25
68.2%
Q3 25
62.6%
Q2 25
62.6%
Q1 25
59.9%
Q4 24
70.8%
Q3 24
64.5%
Q2 24
62.6%
Q1 24
61.9%
Operating Margin
PUBM
PUBM
STRW
STRW
Q4 25
10.6%
52.4%
Q3 25
-12.4%
56.6%
Q2 25
-7.7%
54.5%
Q1 25
-18.6%
54.1%
Q4 24
17.3%
51.5%
Q3 24
-1.9%
54.4%
Q2 24
-5.9%
52.3%
Q1 24
-8.3%
51.3%
Net Margin
PUBM
PUBM
STRW
STRW
Q4 25
5.0%
Q3 25
-9.5%
5.1%
Q2 25
-7.3%
5.2%
Q1 25
-14.9%
4.2%
Q4 24
4.8%
Q3 24
-1.3%
3.2%
Q2 24
2.9%
3.2%
Q1 24
-3.7%
2.7%
EPS (diluted)
PUBM
PUBM
STRW
STRW
Q4 25
$0.14
$0.15
Q3 25
$-0.14
$0.16
Q2 25
$-0.11
$0.16
Q1 25
$-0.20
$0.13
Q4 24
$0.26
$0.17
Q3 24
$-0.02
$0.14
Q2 24
$0.04
$0.14
Q1 24
$-0.05
$0.12

Balance Sheet & Financial Strength

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

Metric
PUBM
PUBM
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$145.5M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$262.6M
$12.1M
Total Assets
$680.2M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PUBM
PUBM
STRW
STRW
Q4 25
$145.5M
$31.8M
Q3 25
$136.5M
$19.8M
Q2 25
$90.5M
$96.3M
Q1 25
$101.8M
$42.3M
Q4 24
$100.5M
$48.4M
Q3 24
$78.9M
$29.3M
Q2 24
$73.5M
$16.1M
Q1 24
$80.2M
$15.1M
Total Debt
PUBM
PUBM
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
PUBM
PUBM
STRW
STRW
Q4 25
$262.6M
$12.1M
Q3 25
$245.1M
$14.2M
Q2 25
$243.3M
$15.5M
Q1 25
$275.6M
$19.6M
Q4 24
$277.3M
$18.2M
Q3 24
$263.2M
$12.6M
Q2 24
$282.7M
$7.4M
Q1 24
$288.7M
$7.5M
Total Assets
PUBM
PUBM
STRW
STRW
Q4 25
$680.2M
$885.2M
Q3 25
$676.2M
$880.6M
Q2 25
$675.2M
$897.3M
Q1 25
$668.6M
$834.8M
Q4 24
$739.5M
$787.6M
Q3 24
$689.1M
$661.5M
Q2 24
$673.1M
$635.9M
Q1 24
$626.2M
$634.9M
Debt / Equity
PUBM
PUBM
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

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

Metric
PUBM
PUBM
STRW
STRW
Operating Cash FlowLast quarter
$18.2M
$90.0M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
8.6%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$66.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PUBM
PUBM
STRW
STRW
Q4 25
$18.2M
$90.0M
Q3 25
$32.4M
$20.7M
Q2 25
$14.9M
$29.8M
Q1 25
$15.6M
$19.0M
Q4 24
$18.0M
$59.3M
Q3 24
$19.1M
$11.8M
Q2 24
$11.9M
$20.6M
Q1 24
$24.3M
$2.1M
Free Cash Flow
PUBM
PUBM
STRW
STRW
Q4 25
$11.3M
Q3 25
$27.7M
Q2 25
$13.6M
Q1 25
$14.2M
Q4 24
$13.7M
Q3 24
$7.4M
Q2 24
$11.2M
Q1 24
$23.5M
FCF Margin
PUBM
PUBM
STRW
STRW
Q4 25
14.1%
Q3 25
40.8%
Q2 25
19.1%
Q1 25
22.2%
Q4 24
16.1%
Q3 24
10.3%
Q2 24
16.7%
Q1 24
35.2%
Capex Intensity
PUBM
PUBM
STRW
STRW
Q4 25
8.6%
Q3 25
6.9%
Q2 25
1.9%
Q1 25
2.3%
Q4 24
5.1%
Q3 24
16.3%
Q2 24
1.1%
Q1 24
1.2%
Cash Conversion
PUBM
PUBM
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
6.06×
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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