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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $36.5M, roughly 1.3× SmartRent, Inc.). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -8.9%, a 6.7% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $6.9M).
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
QIPT vs SMRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $36.5M |
| Net Profit | $-1.1M | $-3.2M |
| Gross Margin | 53.5% | 38.6% |
| Operating Margin | 2.1% | -10.9% |
| Net Margin | -2.1% | -8.9% |
| Revenue YoY | 32.3% | 3.1% |
| Net Profit YoY | 2.9% | 71.6% |
| EPS (diluted) | $-0.02 | $-0.02 |
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 | $49.0M | $36.5M | ||
| Q3 25 | $39.8M | $36.2M | ||
| Q2 25 | $35.1M | $38.3M | ||
| Q1 25 | $33.3M | $41.3M | ||
| Q4 24 | $37.1M | $35.4M | ||
| Q3 24 | — | $40.5M | ||
| Q2 24 | — | $48.5M | ||
| Q1 24 | — | $50.5M |
| Q4 25 | $-1.1M | $-3.2M | ||
| Q3 25 | $-3.5M | $-6.3M | ||
| Q2 25 | $-3.0M | $-10.9M | ||
| Q1 25 | $-3.0M | $-40.2M | ||
| Q4 24 | $-1.1M | $-11.4M | ||
| Q3 24 | — | $-9.9M | ||
| Q2 24 | — | $-4.6M | ||
| Q1 24 | — | $-7.7M |
| Q4 25 | 53.5% | 38.6% | ||
| Q3 25 | 48.7% | 26.4% | ||
| Q2 25 | 57.6% | 33.1% | ||
| Q1 25 | 54.6% | 32.8% | ||
| Q4 24 | 52.1% | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 2.1% | -10.9% | ||
| Q3 25 | -3.6% | -19.4% | ||
| Q2 25 | -5.2% | -30.5% | ||
| Q1 25 | -3.0% | -99.9% | ||
| Q4 24 | 1.2% | -36.6% | ||
| Q3 24 | — | -29.0% | ||
| Q2 24 | — | -14.3% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | -2.1% | -8.9% | ||
| Q3 25 | -8.9% | -17.3% | ||
| Q2 25 | -8.6% | -28.3% | ||
| Q1 25 | -9.1% | -97.2% | ||
| Q4 24 | -2.9% | -32.3% | ||
| Q3 24 | — | -24.5% | ||
| Q2 24 | — | -9.5% | ||
| Q1 24 | — | -15.2% |
| Q4 25 | $-0.02 | $-0.02 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $-0.07 | $-0.06 | ||
| Q1 25 | $-0.07 | $-0.21 | ||
| Q4 24 | $-0.03 | $-0.06 | ||
| Q3 24 | — | $-0.05 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.5M | $104.5M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $113.0M | $232.1M |
| Total Assets | $280.7M | $320.9M |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $104.5M | ||
| Q3 25 | $12.9M | $100.0M | ||
| Q2 25 | $11.3M | $105.0M | ||
| Q1 25 | $17.1M | $125.6M | ||
| Q4 24 | $15.5M | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M | ||
| Q1 24 | — | $204.7M |
| Q4 25 | $84.0M | — | ||
| Q3 25 | $87.6M | — | ||
| Q2 25 | $66.0M | — | ||
| Q1 25 | $71.5M | — | ||
| Q4 24 | $70.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $113.0M | $232.1M | ||
| Q3 25 | $112.1M | $234.4M | ||
| Q2 25 | $102.5M | $238.8M | ||
| Q1 25 | $103.6M | $250.7M | ||
| Q4 24 | $106.3M | $289.4M | ||
| Q3 24 | — | $305.1M | ||
| Q2 24 | — | $329.4M | ||
| Q1 24 | — | $333.1M |
| Q4 25 | $280.7M | $320.9M | ||
| Q3 25 | $283.3M | $335.8M | ||
| Q2 25 | $236.1M | $354.0M | ||
| Q1 25 | $244.6M | $366.1M | ||
| Q4 24 | $242.8M | $420.2M | ||
| Q3 24 | — | $448.6M | ||
| Q2 24 | — | $475.3M | ||
| Q1 24 | — | $485.5M |
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.9M | $7.7M |
| Free Cash FlowOCF − Capex | $6.9M | $7.7M |
| FCF MarginFCF / Revenue | 14.0% | 21.0% |
| Capex IntensityCapex / Revenue | 4.2% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | $7.7M | ||
| Q3 25 | $9.8M | $-2.1M | ||
| Q2 25 | $9.7M | $-14.9M | ||
| Q1 25 | $8.9M | $-12.2M | ||
| Q4 24 | $9.3M | $-12.0M | ||
| Q3 24 | — | $-3.7M | ||
| Q2 24 | — | $-13.9M | ||
| Q1 24 | — | $-3.3M |
| Q4 25 | $6.9M | $7.7M | ||
| Q3 25 | $8.0M | $-2.2M | ||
| Q2 25 | $4.4M | $-16.2M | ||
| Q1 25 | $7.3M | $-14.3M | ||
| Q4 24 | $5.6M | $-13.3M | ||
| Q3 24 | — | $-3.9M | ||
| Q2 24 | — | $-14.1M | ||
| Q1 24 | — | $-3.4M |
| Q4 25 | 14.0% | 21.0% | ||
| Q3 25 | 20.0% | -6.1% | ||
| Q2 25 | 12.6% | -42.3% | ||
| Q1 25 | 22.0% | -34.7% | ||
| Q4 24 | 15.2% | -37.5% | ||
| Q3 24 | — | -9.7% | ||
| Q2 24 | — | -29.1% | ||
| Q1 24 | — | -6.7% |
| Q4 25 | 4.2% | 0.0% | ||
| Q3 25 | 4.6% | 0.2% | ||
| Q2 25 | 14.9% | 3.3% | ||
| Q1 25 | 4.8% | 5.3% | ||
| Q4 24 | 9.9% | 3.5% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QIPT
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
