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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and Smart Sand, Inc. (SND). Click either name above to swap in a different company.
Smart Sand, Inc. is the larger business by last-quarter revenue ($86.0M vs $49.0M, roughly 1.8× Quipt Home Medical Corp.). Smart Sand, Inc. runs the higher net margin — 1.4% vs -2.1%, a 3.5% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M 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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
QIPT vs SND — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $86.0M |
| Net Profit | $-1.1M | $1.2M |
| Gross Margin | 53.5% | 13.0% |
| Operating Margin | 2.1% | -3.1% |
| Net Margin | -2.1% | 1.4% |
| Revenue YoY | 32.3% | -5.8% |
| Net Profit YoY | 2.9% | -68.5% |
| EPS (diluted) | $-0.02 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $39.8M | $92.8M | ||
| Q2 25 | $35.1M | $85.8M | ||
| Q1 25 | $33.3M | $65.6M | ||
| Q4 24 | $37.1M | $91.4M | ||
| Q3 24 | — | $63.2M | ||
| Q2 24 | — | $73.8M | ||
| Q1 24 | — | $83.1M |
| Q4 25 | $-1.1M | $1.2M | ||
| Q3 25 | $-3.5M | $3.0M | ||
| Q2 25 | $-3.0M | $21.4M | ||
| Q1 25 | $-3.0M | $-24.2M | ||
| Q4 24 | $-1.1M | $3.7M | ||
| Q3 24 | — | $-98.0K | ||
| Q2 24 | — | $-430.0K | ||
| Q1 24 | — | $-216.0K |
| Q4 25 | 53.5% | 13.0% | ||
| Q3 25 | 48.7% | 16.1% | ||
| Q2 25 | 57.6% | 10.4% | ||
| Q1 25 | 54.6% | 4.2% | ||
| Q4 24 | 52.1% | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | 2.1% | -3.1% | ||
| Q3 25 | -3.6% | 5.8% | ||
| Q2 25 | -5.2% | -0.1% | ||
| Q1 25 | -3.0% | -10.8% | ||
| Q4 24 | 1.2% | 3.9% | ||
| Q3 24 | — | -7.8% | ||
| Q2 24 | — | 4.8% | ||
| Q1 24 | — | 0.9% |
| Q4 25 | -2.1% | 1.4% | ||
| Q3 25 | -8.9% | 3.2% | ||
| Q2 25 | -8.6% | 24.9% | ||
| Q1 25 | -9.1% | -37.0% | ||
| Q4 24 | -2.9% | 4.1% | ||
| Q3 24 | — | -0.2% | ||
| Q2 24 | — | -0.6% | ||
| Q1 24 | — | -0.3% |
| Q4 25 | $-0.02 | $0.03 | ||
| Q3 25 | $-0.07 | $0.08 | ||
| Q2 25 | $-0.07 | $0.54 | ||
| Q1 25 | $-0.07 | $-0.62 | ||
| Q4 24 | $-0.03 | $0.10 | ||
| Q3 24 | — | $0.00 | ||
| Q2 24 | — | $-0.01 | ||
| Q1 24 | — | $-0.01 |
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 | $22.6M |
| Total DebtLower is stronger | $84.0M | $15.0M |
| Stockholders' EquityBook value | $113.0M | $239.7M |
| Total Assets | $280.7M | $340.0M |
| Debt / EquityLower = less leverage | 0.74× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $22.6M | ||
| Q3 25 | $12.9M | $5.1M | ||
| Q2 25 | $11.3M | $4.3M | ||
| Q1 25 | $17.1M | $5.1M | ||
| Q4 24 | $15.5M | $1.6M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | — | $6.3M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | $84.0M | $15.0M | ||
| Q3 25 | $87.6M | $14.3M | ||
| Q2 25 | $66.0M | $23.5M | ||
| Q1 25 | $71.5M | $13.7M | ||
| Q4 24 | $70.6M | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $113.0M | $239.7M | ||
| Q3 25 | $112.1M | $239.9M | ||
| Q2 25 | $102.5M | $240.5M | ||
| Q1 25 | $103.6M | $219.9M | ||
| Q4 24 | $106.3M | $243.8M | ||
| Q3 24 | — | $243.6M | ||
| Q2 24 | — | $242.9M | ||
| Q1 24 | — | $242.5M |
| Q4 25 | $280.7M | $340.0M | ||
| Q3 25 | $283.3M | $343.1M | ||
| Q2 25 | $236.1M | $345.8M | ||
| Q1 25 | $244.6M | $326.9M | ||
| Q4 24 | $242.8M | $341.5M | ||
| Q3 24 | — | $335.8M | ||
| Q2 24 | — | $341.8M | ||
| Q1 24 | — | $349.3M |
| Q4 25 | 0.74× | 0.06× | ||
| Q3 25 | 0.78× | 0.06× | ||
| Q2 25 | 0.64× | 0.10× | ||
| Q1 25 | 0.69× | 0.06× | ||
| Q4 24 | 0.66× | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $6.9M | $20.4M |
| FCF MarginFCF / Revenue | 14.0% | 23.7% |
| Capex IntensityCapex / Revenue | 4.2% | 2.3% |
| Cash ConversionOCF / Net Profit | — | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | $22.4M | ||
| Q3 25 | $9.8M | $18.2M | ||
| Q2 25 | $9.7M | $-5.1M | ||
| Q1 25 | $8.9M | $8.7M | ||
| Q4 24 | $9.3M | $1.0M | ||
| Q3 24 | — | $5.8M | ||
| Q2 24 | — | $14.9M | ||
| Q1 24 | — | $-3.9M |
| Q4 25 | $6.9M | $20.4M | ||
| Q3 25 | $8.0M | $14.8M | ||
| Q2 25 | $4.4M | $-7.8M | ||
| Q1 25 | $7.3M | $5.2M | ||
| Q4 24 | $5.6M | $-840.0K | ||
| Q3 24 | — | $3.7M | ||
| Q2 24 | — | $13.5M | ||
| Q1 24 | — | $-5.5M |
| Q4 25 | 14.0% | 23.7% | ||
| Q3 25 | 20.0% | 15.9% | ||
| Q2 25 | 12.6% | -9.1% | ||
| Q1 25 | 22.0% | 7.9% | ||
| Q4 24 | 15.2% | -0.9% | ||
| Q3 24 | — | 5.8% | ||
| Q2 24 | — | 18.3% | ||
| Q1 24 | — | -6.6% |
| Q4 25 | 4.2% | 2.3% | ||
| Q3 25 | 4.6% | 3.6% | ||
| Q2 25 | 14.9% | 3.1% | ||
| Q1 25 | 4.8% | 5.4% | ||
| Q4 24 | 9.9% | 2.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 2.0% |
| Q4 25 | — | 18.99× | ||
| Q3 25 | — | 6.05× | ||
| Q2 25 | — | -0.24× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.28× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QIPT
Segment breakdown not available.
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
