vs
Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $49.0M, roughly 1.2× Quipt Home Medical Corp.). TSS, Inc. runs the higher net margin — 20.0% vs -2.1%, a 22.1% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 21.8%). TSS, Inc. produced more free cash flow last quarter ($15.8M 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.
QIPT vs TSSI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $60.9M |
| Net Profit | $-1.1M | $12.2M |
| Gross Margin | 53.5% | 17.6% |
| Operating Margin | 2.1% | 1.5% |
| Net Margin | -2.1% | 20.0% |
| Revenue YoY | 32.3% | 21.8% |
| Net Profit YoY | 2.9% | 535.7% |
| EPS (diluted) | $-0.02 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $39.8M | $41.9M | ||
| Q2 25 | $35.1M | $44.0M | ||
| Q1 25 | $33.3M | $99.0M | ||
| Q4 24 | $37.1M | $50.0M | ||
| Q3 24 | — | $70.1M | ||
| Q2 24 | — | $12.2M | ||
| Q1 24 | — | $15.9M |
| Q4 25 | $-1.1M | $12.2M | ||
| Q3 25 | $-3.5M | $-1.5M | ||
| Q2 25 | $-3.0M | $1.5M | ||
| Q1 25 | $-3.0M | $3.0M | ||
| Q4 24 | $-1.1M | $1.9M | ||
| Q3 24 | — | $2.6M | ||
| Q2 24 | — | $1.4M | ||
| Q1 24 | — | $15.0K |
| Q4 25 | 53.5% | 17.6% | ||
| Q3 25 | 48.7% | 11.1% | ||
| Q2 25 | 57.6% | 17.8% | ||
| Q1 25 | 54.6% | 9.3% | ||
| Q4 24 | 52.1% | 14.4% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 37.3% | ||
| Q1 24 | — | 17.1% |
| Q4 25 | 2.1% | 1.5% | ||
| Q3 25 | -3.6% | -2.2% | ||
| Q2 25 | -5.2% | 5.1% | ||
| Q1 25 | -3.0% | 4.2% | ||
| Q4 24 | 1.2% | 0.0% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 14.0% | ||
| Q1 24 | — | 1.6% |
| Q4 25 | -2.1% | 20.0% | ||
| Q3 25 | -8.9% | -3.6% | ||
| Q2 25 | -8.6% | 3.4% | ||
| Q1 25 | -9.1% | 3.0% | ||
| Q4 24 | -2.9% | 3.8% | ||
| Q3 24 | — | 3.8% | ||
| Q2 24 | — | 11.5% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | $-0.02 | $0.44 | ||
| Q3 25 | $-0.07 | $-0.06 | ||
| Q2 25 | $-0.07 | $0.06 | ||
| Q1 25 | $-0.07 | $0.12 | ||
| Q4 24 | $-0.03 | $0.08 | ||
| Q3 24 | — | $0.10 | ||
| Q2 24 | — | $0.06 | ||
| Q1 24 | — | $0.00 |
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 | $85.5M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $113.0M | $76.6M |
| Total Assets | $280.7M | $184.9M |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.5M | $85.5M | ||
| Q3 25 | $12.9M | $70.7M | ||
| Q2 25 | $11.3M | — | ||
| Q1 25 | $17.1M | — | ||
| Q4 24 | $15.5M | $23.2M | ||
| Q3 24 | — | $46.4M | ||
| Q2 24 | — | $8.3M | ||
| Q1 24 | — | $14.4M |
| 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 | $76.6M | ||
| Q3 25 | $112.1M | $63.4M | ||
| Q2 25 | $102.5M | $9.5M | ||
| Q1 25 | $103.6M | $9.4M | ||
| Q4 24 | $106.3M | $7.1M | ||
| Q3 24 | — | $7.7M | ||
| Q2 24 | — | $5.2M | ||
| Q1 24 | — | $3.7M |
| Q4 25 | $280.7M | $184.9M | ||
| Q3 25 | $283.3M | $165.4M | ||
| Q2 25 | $236.1M | $139.5M | ||
| Q1 25 | $244.6M | $113.5M | ||
| Q4 24 | $242.8M | $96.6M | ||
| Q3 24 | — | $67.3M | ||
| Q2 24 | — | $28.9M | ||
| Q1 24 | — | $26.8M |
| 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 | $16.3M |
| Free Cash FlowOCF − Capex | $6.9M | $15.8M |
| FCF MarginFCF / Revenue | 14.0% | 25.9% |
| Capex IntensityCapex / Revenue | 4.2% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.9M | $16.3M | ||
| Q3 25 | $9.8M | $-18.4M | ||
| Q2 25 | $9.7M | $16.3M | ||
| Q1 25 | $8.9M | $20.6M | ||
| Q4 24 | $9.3M | $-21.6M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-4.3M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | $6.9M | $15.8M | ||
| Q3 25 | $8.0M | $-24.9M | ||
| Q2 25 | $4.4M | $5.4M | ||
| Q1 25 | $7.3M | $5.8M | ||
| Q4 24 | $5.6M | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-6.0M | ||
| Q1 24 | — | $2.6M |
| Q4 25 | 14.0% | 25.9% | ||
| Q3 25 | 20.0% | -59.3% | ||
| Q2 25 | 12.6% | 12.3% | ||
| Q1 25 | 22.0% | 5.8% | ||
| Q4 24 | 15.2% | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | — | -49.4% | ||
| Q1 24 | — | 16.4% |
| Q4 25 | 4.2% | 0.9% | ||
| Q3 25 | 4.6% | 15.3% | ||
| Q2 25 | 14.9% | 24.8% | ||
| Q1 25 | 4.8% | 15.0% | ||
| Q4 24 | 9.9% | 13.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 13.8% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× | ||
| Q1 24 | — | 176.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QIPT
Segment breakdown not available.
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
