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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and VIRCO MFG CORPORATION (VIRC). 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 $47.6M, roughly 1.0× VIRCO MFG CORPORATION). Quipt Home Medical Corp. runs the higher net margin — -2.1% vs -2.8%, a 0.6% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -42.3%). VIRCO MFG CORPORATION produced more free cash flow last quarter ($24.5M 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.

The Virco Manufacturing Corporation, more commonly known as Virco, is an American furniture manufacturer based in Torrance, California which focuses on providing products for educational markets. The principal products of the company include student desks and activity tables, school and office seating, computer stations, lightweight folding tables, and upholstered chairs.

QIPT vs VIRC — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.0× larger
QIPT
$49.0M
$47.6M
VIRC
Growing faster (revenue YoY)
QIPT
QIPT
+74.6% gap
QIPT
32.3%
-42.3%
VIRC
Higher net margin
QIPT
QIPT
0.6% more per $
QIPT
-2.1%
-2.8%
VIRC
More free cash flow
VIRC
VIRC
$17.7M more FCF
VIRC
$24.5M
$6.9M
QIPT

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
QIPT
QIPT
VIRC
VIRC
Revenue
$49.0M
$47.6M
Net Profit
$-1.1M
$-1.3M
Gross Margin
53.5%
38.0%
Operating Margin
2.1%
-3.6%
Net Margin
-2.1%
-2.8%
Revenue YoY
32.3%
-42.3%
Net Profit YoY
2.9%
-115.8%
EPS (diluted)
$-0.02
$-0.08

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.

Revenue
QIPT
QIPT
VIRC
VIRC
Q4 25
$49.0M
$47.6M
Q3 25
$39.8M
$92.1M
Q2 25
$35.1M
$33.8M
Q1 25
$33.3M
$28.5M
Q4 24
$37.1M
$82.6M
Q3 24
$108.4M
Q2 24
$46.7M
Q1 24
$42.6M
Net Profit
QIPT
QIPT
VIRC
VIRC
Q4 25
$-1.1M
$-1.3M
Q3 25
$-3.5M
$10.2M
Q2 25
$-3.0M
$732.0K
Q1 25
$-3.0M
$-5.7M
Q4 24
$-1.1M
$8.4M
Q3 24
$16.8M
Q2 24
$2.1M
Q1 24
$-2.3M
Gross Margin
QIPT
QIPT
VIRC
VIRC
Q4 25
53.5%
38.0%
Q3 25
48.7%
44.4%
Q2 25
57.6%
47.5%
Q1 25
54.6%
26.2%
Q4 24
52.1%
44.4%
Q3 24
46.3%
Q2 24
43.5%
Q1 24
37.7%
Operating Margin
QIPT
QIPT
VIRC
VIRC
Q4 25
2.1%
-3.6%
Q3 25
-3.6%
16.7%
Q2 25
-5.2%
-0.3%
Q1 25
-3.0%
-28.5%
Q4 24
1.2%
13.5%
Q3 24
20.2%
Q2 24
6.4%
Q1 24
-6.5%
Net Margin
QIPT
QIPT
VIRC
VIRC
Q4 25
-2.1%
-2.8%
Q3 25
-8.9%
11.1%
Q2 25
-8.6%
2.2%
Q1 25
-9.1%
-20.1%
Q4 24
-2.9%
10.2%
Q3 24
15.5%
Q2 24
4.6%
Q1 24
-5.5%
EPS (diluted)
QIPT
QIPT
VIRC
VIRC
Q4 25
$-0.02
$-0.08
Q3 25
$-0.07
$0.65
Q2 25
$-0.07
$0.05
Q1 25
$-0.07
$-0.37
Q4 24
$-0.03
$0.52
Q3 24
$1.04
Q2 24
$0.13
Q1 24
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
QIPT
QIPT
VIRC
VIRC
Cash + ST InvestmentsLiquidity on hand
$10.5M
Total DebtLower is stronger
$84.0M
$3.9M
Stockholders' EquityBook value
$113.0M
$113.6M
Total Assets
$280.7M
$181.5M
Debt / EquityLower = less leverage
0.74×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QIPT
QIPT
VIRC
VIRC
Q4 25
$10.5M
Q3 25
$12.9M
Q2 25
$11.3M
Q1 25
$17.1M
Q4 24
$15.5M
Q3 24
Q2 24
Q1 24
$5.3M
Total Debt
QIPT
QIPT
VIRC
VIRC
Q4 25
$84.0M
$3.9M
Q3 25
$87.6M
$4.0M
Q2 25
$66.0M
$4.1M
Q1 25
$71.5M
$4.1M
Q4 24
$70.6M
$4.2M
Q3 24
$4.3M
Q2 24
$7.0M
Q1 24
$4.4M
Stockholders' Equity
QIPT
QIPT
VIRC
VIRC
Q4 25
$113.0M
$113.6M
Q3 25
$112.1M
$115.4M
Q2 25
$102.5M
$105.6M
Q1 25
$103.6M
$109.3M
Q4 24
$106.3M
$115.9M
Q3 24
$107.8M
Q2 24
$91.6M
Q1 24
$91.2M
Total Assets
QIPT
QIPT
VIRC
VIRC
Q4 25
$280.7M
$181.5M
Q3 25
$283.3M
$198.6M
Q2 25
$236.1M
$183.8M
Q1 25
$244.6M
$191.9M
Q4 24
$242.8M
$210.1M
Q3 24
$216.3M
Q2 24
$152.5M
Q1 24
$146.4M
Debt / Equity
QIPT
QIPT
VIRC
VIRC
Q4 25
0.74×
0.03×
Q3 25
0.78×
0.03×
Q2 25
0.64×
0.04×
Q1 25
0.69×
0.04×
Q4 24
0.66×
0.04×
Q3 24
0.04×
Q2 24
0.08×
Q1 24
0.05×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
QIPT
QIPT
VIRC
VIRC
Operating Cash FlowLast quarter
$8.9M
$25.8M
Free Cash FlowOCF − Capex
$6.9M
$24.5M
FCF MarginFCF / Revenue
14.0%
51.5%
Capex IntensityCapex / Revenue
4.2%
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.6M
$-4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QIPT
QIPT
VIRC
VIRC
Q4 25
$8.9M
$25.8M
Q3 25
$9.8M
$3.2M
Q2 25
$9.7M
$-19.0M
Q1 25
$8.9M
$-8.3M
Q4 24
$9.3M
$33.5M
Q3 24
$12.5M
Q2 24
$-4.5M
Q1 24
$4.7M
Free Cash Flow
QIPT
QIPT
VIRC
VIRC
Q4 25
$6.9M
$24.5M
Q3 25
$8.0M
$1.8M
Q2 25
$4.4M
$-21.5M
Q1 25
$7.3M
$-9.2M
Q4 24
$5.6M
$31.0M
Q3 24
$10.7M
Q2 24
$-5.6M
Q1 24
$4.0M
FCF Margin
QIPT
QIPT
VIRC
VIRC
Q4 25
14.0%
51.5%
Q3 25
20.0%
2.0%
Q2 25
12.6%
-63.6%
Q1 25
22.0%
-32.4%
Q4 24
15.2%
37.5%
Q3 24
9.8%
Q2 24
-12.0%
Q1 24
9.5%
Capex Intensity
QIPT
QIPT
VIRC
VIRC
Q4 25
4.2%
2.7%
Q3 25
4.6%
1.5%
Q2 25
14.9%
7.2%
Q1 25
4.8%
3.3%
Q4 24
9.9%
3.0%
Q3 24
1.7%
Q2 24
2.3%
Q1 24
1.5%
Cash Conversion
QIPT
QIPT
VIRC
VIRC
Q4 25
Q3 25
0.31×
Q2 25
-26.00×
Q1 25
Q4 24
3.98×
Q3 24
0.74×
Q2 24
-2.11×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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