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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and TELOS CORP (TLS). 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 $46.8M, roughly 1.0× TELOS CORP). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -34.9%, a 32.7% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 32.3%). TELOS CORP produced more free cash flow last quarter ($8.0M 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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
QIPT vs TLS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $46.8M |
| Net Profit | $-1.1M | $-16.3M |
| Gross Margin | 53.5% | 35.0% |
| Operating Margin | 2.1% | -39.6% |
| Net Margin | -2.1% | -34.9% |
| Revenue YoY | 32.3% | 77.4% |
| Net Profit YoY | 2.9% | -74.8% |
| EPS (diluted) | $-0.02 | $-0.22 |
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 | $46.8M | ||
| Q3 25 | $39.8M | $51.4M | ||
| Q2 25 | $35.1M | $36.0M | ||
| Q1 25 | $33.3M | $30.6M | ||
| Q4 24 | $37.1M | $26.4M | ||
| Q3 24 | — | $23.8M | ||
| Q2 24 | — | $28.5M | ||
| Q1 24 | — | $29.6M |
| Q4 25 | $-1.1M | $-16.3M | ||
| Q3 25 | $-3.5M | $-2.1M | ||
| Q2 25 | $-3.0M | $-9.5M | ||
| Q1 25 | $-3.0M | $-8.6M | ||
| Q4 24 | $-1.1M | $-9.3M | ||
| Q3 24 | — | $-28.1M | ||
| Q2 24 | — | $-7.8M | ||
| Q1 24 | — | $-7.4M |
| Q4 25 | 53.5% | 35.0% | ||
| Q3 25 | 48.7% | 39.9% | ||
| Q2 25 | 57.6% | 33.2% | ||
| Q1 25 | 54.6% | 39.8% | ||
| Q4 24 | 52.1% | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% | ||
| Q1 24 | — | 37.0% |
| Q4 25 | 2.1% | -39.6% | ||
| Q3 25 | -3.6% | -4.8% | ||
| Q2 25 | -5.2% | -27.5% | ||
| Q1 25 | -3.0% | -29.5% | ||
| Q4 24 | 1.2% | -37.6% | ||
| Q3 24 | — | -121.4% | ||
| Q2 24 | — | -30.3% | ||
| Q1 24 | — | -28.5% |
| Q4 25 | -2.1% | -34.9% | ||
| Q3 25 | -8.9% | -4.1% | ||
| Q2 25 | -8.6% | -26.5% | ||
| Q1 25 | -9.1% | -28.1% | ||
| Q4 24 | -2.9% | -35.4% | ||
| Q3 24 | — | -118.0% | ||
| Q2 24 | — | -27.2% | ||
| Q1 24 | — | -24.9% |
| Q4 25 | $-0.02 | $-0.22 | ||
| Q3 25 | $-0.07 | $-0.03 | ||
| Q2 25 | $-0.07 | $-0.13 | ||
| Q1 25 | $-0.07 | $-0.12 | ||
| Q4 24 | $-0.03 | $-0.13 | ||
| Q3 24 | — | $-0.39 | ||
| Q2 24 | — | $-0.11 | ||
| Q1 24 | — | $-0.10 |
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 | $53.2M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $113.0M | $96.0M |
| Total Assets | $280.7M | $139.9M |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $53.2M | ||
| Q3 25 | $12.9M | $59.0M | ||
| Q2 25 | $11.3M | $57.0M | ||
| Q1 25 | $17.1M | $57.8M | ||
| Q4 24 | $15.5M | $54.6M | ||
| Q3 24 | — | $69.8M | ||
| Q2 24 | — | $80.1M | ||
| Q1 24 | — | $93.9M |
| 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 | $96.0M | ||
| Q3 25 | $112.1M | $119.7M | ||
| Q2 25 | $102.5M | $118.4M | ||
| Q1 25 | $103.6M | $126.1M | ||
| Q4 24 | $106.3M | $127.1M | ||
| Q3 24 | — | $129.5M | ||
| Q2 24 | — | $149.1M | ||
| Q1 24 | — | $154.4M |
| Q4 25 | $280.7M | $139.9M | ||
| Q3 25 | $283.3M | $164.3M | ||
| Q2 25 | $236.1M | $165.0M | ||
| Q1 25 | $244.6M | $158.1M | ||
| Q4 24 | $242.8M | $158.2M | ||
| Q3 24 | — | $166.3M | ||
| Q2 24 | — | $182.4M | ||
| Q1 24 | — | $195.4M |
| 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 | $8.0M |
| Free Cash FlowOCF − Capex | $6.9M | $8.0M |
| FCF MarginFCF / Revenue | 14.0% | 17.0% |
| Capex IntensityCapex / Revenue | 4.2% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | $8.0M | ||
| Q3 25 | $9.8M | $9.1M | ||
| Q2 25 | $9.7M | $7.0M | ||
| Q1 25 | $8.9M | $6.1M | ||
| Q4 24 | $9.3M | $-10.5M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-350.0K |
| Q4 25 | $6.9M | $8.0M | ||
| Q3 25 | $8.0M | $8.7M | ||
| Q2 25 | $4.4M | $6.8M | ||
| Q1 25 | $7.3M | $6.0M | ||
| Q4 24 | $5.6M | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M | ||
| Q1 24 | — | $-447.0K |
| Q4 25 | 14.0% | 17.0% | ||
| Q3 25 | 20.0% | 16.9% | ||
| Q2 25 | 12.6% | 19.0% | ||
| Q1 25 | 22.0% | 19.5% | ||
| Q4 24 | 15.2% | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% | ||
| Q1 24 | — | -1.5% |
| Q4 25 | 4.2% | 0.1% | ||
| Q3 25 | 4.6% | 0.9% | ||
| Q2 25 | 14.9% | 0.4% | ||
| Q1 25 | 4.8% | 0.4% | ||
| Q4 24 | 9.9% | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% | ||
| Q1 24 | — | 0.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QIPT
Segment breakdown not available.
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
