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Side-by-side financial comparison of P10, Inc. (PX) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $81.0M, roughly 1.3× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs 10.3%, a 1.4% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 10.7%).
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
PX vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $81.0M | $103.6M |
| Net Profit | $9.5M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 31.9% | 18.1% |
| Net Margin | 11.7% | 10.3% |
| Revenue YoY | -4.7% | 21.0% |
| Net Profit YoY | 79.0% | 9.4% |
| EPS (diluted) | $0.08 | $0.45 |
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 | $81.0M | $103.6M | ||
| Q3 25 | $75.9M | $85.8M | ||
| Q2 25 | $72.7M | $78.9M | ||
| Q1 25 | $67.7M | $61.3M | ||
| Q4 24 | $85.0M | $85.6M | ||
| Q3 24 | $74.2M | $73.1M | ||
| Q2 24 | $71.1M | $73.2M | ||
| Q1 24 | $66.1M | $61.1M |
| Q4 25 | $9.5M | $10.6M | ||
| Q3 25 | $2.1M | $8.2M | ||
| Q2 25 | $3.4M | $3.2M | ||
| Q1 25 | $4.5M | $-3.0M | ||
| Q4 24 | $5.3M | $9.7M | ||
| Q3 24 | $1.4M | $5.2M | ||
| Q2 24 | $7.0M | $4.3M | ||
| Q1 24 | $5.0M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | 31.9% | 18.1% | ||
| Q3 25 | 14.1% | 12.8% | ||
| Q2 25 | 24.4% | 5.2% | ||
| Q1 25 | 16.6% | -7.4% | ||
| Q4 24 | 26.9% | 14.6% | ||
| Q3 24 | 11.9% | 9.3% | ||
| Q2 24 | 23.7% | 8.0% | ||
| Q1 24 | 18.3% | -4.9% |
| Q4 25 | 11.7% | 10.3% | ||
| Q3 25 | 2.8% | 9.6% | ||
| Q2 25 | 4.7% | 4.1% | ||
| Q1 25 | 6.7% | -4.9% | ||
| Q4 24 | 6.2% | 11.4% | ||
| Q3 24 | 1.9% | 7.1% | ||
| Q2 24 | 9.8% | 5.9% | ||
| Q1 24 | 7.6% | -3.6% |
| Q4 25 | $0.08 | $0.45 | ||
| Q3 25 | $0.02 | $0.36 | ||
| Q2 25 | $0.03 | $0.14 | ||
| Q1 25 | $0.04 | $-0.13 | ||
| Q4 24 | $0.05 | $0.40 | ||
| Q3 24 | $0.01 | $0.21 | ||
| Q2 24 | $0.06 | $0.18 | ||
| Q1 24 | $0.04 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $28.2M | $83.4M |
| Total DebtLower is stronger | $373.2M | $0 |
| Stockholders' EquityBook value | $403.5M | $218.9M |
| Total Assets | $928.3M | $273.9M |
| Debt / EquityLower = less leverage | 0.93× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.2M | $83.4M | ||
| Q3 25 | $40.0M | $66.0M | ||
| Q2 25 | $33.4M | $81.5M | ||
| Q1 25 | $74.4M | $83.6M | ||
| Q4 24 | $67.5M | $94.4M | ||
| Q3 24 | $61.5M | $82.1M | ||
| Q2 24 | $31.2M | $73.6M | ||
| Q1 24 | $29.0M | $60.7M |
| Q4 25 | $373.2M | $0 | ||
| Q3 25 | $393.4M | $0 | ||
| Q2 25 | $373.0M | — | ||
| Q1 25 | $357.2M | — | ||
| Q4 24 | $319.8M | — | ||
| Q3 24 | $319.4M | $27.0M | ||
| Q2 24 | $300.6M | $27.8M | ||
| Q1 24 | $314.0M | $28.5M |
| Q4 25 | $403.5M | $218.9M | ||
| Q3 25 | $396.8M | $204.9M | ||
| Q2 25 | $388.9M | $194.9M | ||
| Q1 25 | $374.3M | $205.6M | ||
| Q4 24 | $386.9M | $216.6M | ||
| Q3 24 | $394.1M | $207.9M | ||
| Q2 24 | $396.9M | $200.7M | ||
| Q1 24 | $400.1M | $193.5M |
| Q4 25 | $928.3M | $273.9M | ||
| Q3 25 | $936.0M | $259.2M | ||
| Q2 25 | $932.2M | $273.0M | ||
| Q1 25 | $877.4M | $280.2M | ||
| Q4 24 | $869.3M | $297.9M | ||
| Q3 24 | $857.0M | $287.7M | ||
| Q2 24 | $823.2M | $278.8M | ||
| Q1 24 | $832.8M | $272.0M |
| Q4 25 | 0.93× | 0.00× | ||
| Q3 25 | 0.99× | 0.00× | ||
| Q2 25 | 0.96× | — | ||
| Q1 25 | 0.95× | — | ||
| Q4 24 | 0.83× | — | ||
| Q3 24 | 0.81× | 0.13× | ||
| Q2 24 | 0.76× | 0.14× | ||
| Q1 24 | 0.78× | 0.15× |
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 | $23.0M | $17.3M |
| Free Cash FlowOCF − Capex | $18.1M | $16.8M |
| FCF MarginFCF / Revenue | 22.3% | 16.2% |
| Capex IntensityCapex / Revenue | 6.0% | 0.5% |
| Cash ConversionOCF / Net Profit | 2.43× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $14.1M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.0M | $17.3M | ||
| Q3 25 | $-8.6M | $10.3M | ||
| Q2 25 | $13.4M | $14.8M | ||
| Q1 25 | $-4.7M | $417.0K | ||
| Q4 24 | $101.0M | $16.3M | ||
| Q3 24 | $27.5M | $10.3M | ||
| Q2 24 | $34.8M | $13.1M | ||
| Q1 24 | $11.0M | $924.0K |
| Q4 25 | $18.1M | $16.8M | ||
| Q3 25 | $-9.5M | $9.2M | ||
| Q2 25 | $11.6M | $14.4M | ||
| Q1 25 | $-6.0M | $38.0K | ||
| Q4 24 | $96.6M | $15.9M | ||
| Q3 24 | $25.2M | $9.3M | ||
| Q2 24 | $33.9M | $12.6M | ||
| Q1 24 | $10.7M | $442.0K |
| Q4 25 | 22.3% | 16.2% | ||
| Q3 25 | -12.6% | 10.8% | ||
| Q2 25 | 15.9% | 18.2% | ||
| Q1 25 | -8.9% | 0.1% | ||
| Q4 24 | 113.6% | 18.5% | ||
| Q3 24 | 34.0% | 12.7% | ||
| Q2 24 | 47.7% | 17.3% | ||
| Q1 24 | 16.2% | 0.7% |
| Q4 25 | 6.0% | 0.5% | ||
| Q3 25 | 1.2% | 1.3% | ||
| Q2 25 | 2.5% | 0.5% | ||
| Q1 25 | 1.9% | 0.6% | ||
| Q4 24 | 5.2% | 0.5% | ||
| Q3 24 | 3.0% | 1.3% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 0.4% | 0.8% |
| Q4 25 | 2.43× | 1.63× | ||
| Q3 25 | -4.01× | 1.26× | ||
| Q2 25 | 3.96× | 4.59× | ||
| Q1 25 | -1.05× | — | ||
| Q4 24 | 19.12× | 1.68× | ||
| Q3 24 | 19.54× | 1.99× | ||
| Q2 24 | 4.98× | 3.06× | ||
| Q1 24 | 2.18× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
