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Side-by-side financial comparison of Quipt Home Medical Corp. (QIPT) and WEST BANCORPORATION INC (WTBA). 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 $26.9M, roughly 1.8× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -2.1%, a 41.4% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 16.6%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
QIPT vs WTBA — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $49.0M | $26.9M |
| Net Profit | $-1.1M | $10.6M |
| Gross Margin | 53.5% | — |
| Operating Margin | 2.1% | 50.0% |
| Net Margin | -2.1% | 39.2% |
| Revenue YoY | 32.3% | 16.6% |
| Net Profit YoY | 2.9% | 34.8% |
| EPS (diluted) | $-0.02 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $49.0M | $24.2M | ||
| Q3 25 | $39.8M | $25.0M | ||
| Q2 25 | $35.1M | $23.8M | ||
| Q1 25 | $33.3M | $23.1M | ||
| Q4 24 | $37.1M | $20.9M | ||
| Q3 24 | — | $20.3M | ||
| Q2 24 | — | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $-1.1M | $7.4M | ||
| Q3 25 | $-3.5M | $9.3M | ||
| Q2 25 | $-3.0M | $8.0M | ||
| Q1 25 | $-3.0M | $7.8M | ||
| Q4 24 | $-1.1M | $7.1M | ||
| Q3 24 | — | $6.0M | ||
| Q2 24 | — | $5.2M |
| Q1 26 | — | — | ||
| Q4 25 | 53.5% | — | ||
| Q3 25 | 48.7% | — | ||
| Q2 25 | 57.6% | — | ||
| Q1 25 | 54.6% | — | ||
| Q4 24 | 52.1% | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | 50.0% | ||
| Q4 25 | 2.1% | 39.6% | ||
| Q3 25 | -3.6% | 45.8% | ||
| Q2 25 | -5.2% | 43.4% | ||
| Q1 25 | -3.0% | 43.4% | ||
| Q4 24 | 1.2% | 30.9% | ||
| Q3 24 | — | 36.6% | ||
| Q2 24 | — | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | -2.1% | 30.7% | ||
| Q3 25 | -8.9% | 37.3% | ||
| Q2 25 | -8.6% | 33.5% | ||
| Q1 25 | -9.1% | 34.0% | ||
| Q4 24 | -2.9% | 34.0% | ||
| Q3 24 | — | 29.3% | ||
| Q2 24 | — | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $-0.02 | $0.44 | ||
| Q3 25 | $-0.07 | $0.55 | ||
| Q2 25 | $-0.07 | $0.47 | ||
| Q1 25 | $-0.07 | $0.46 | ||
| Q4 24 | $-0.03 | $0.41 | ||
| Q3 24 | — | $0.35 | ||
| Q2 24 | — | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | $84.0M | — |
| Stockholders' EquityBook value | $113.0M | $270.7M |
| Total Assets | $280.7M | $4.0B |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $10.5M | $471.1M | ||
| Q3 25 | $12.9M | $232.9M | ||
| Q2 25 | $11.3M | $345.2M | ||
| Q1 25 | $17.1M | — | ||
| Q4 24 | $15.5M | $243.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| 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 26 | — | $270.7M | ||
| Q4 25 | $113.0M | $266.0M | ||
| Q3 25 | $112.1M | $255.1M | ||
| Q2 25 | $102.5M | $240.9M | ||
| Q1 25 | $103.6M | $237.9M | ||
| Q4 24 | $106.3M | $227.9M | ||
| Q3 24 | — | $235.4M | ||
| Q2 24 | — | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $280.7M | $4.1B | ||
| Q3 25 | $283.3M | $4.0B | ||
| Q2 25 | $236.1M | $4.1B | ||
| Q1 25 | $244.6M | $4.0B | ||
| Q4 24 | $242.8M | $4.0B | ||
| Q3 24 | — | $4.0B | ||
| Q2 24 | — | $4.0B |
| Q1 26 | — | — | ||
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.78× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.69× | — | ||
| Q4 24 | 0.66× | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $12.9M |
| Free Cash FlowOCF − Capex | $6.9M | $12.4M |
| FCF MarginFCF / Revenue | 14.0% | 46.0% |
| Capex IntensityCapex / Revenue | 4.2% | 1.8% |
| Cash ConversionOCF / Net Profit | — | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $26.6M | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $8.9M | $46.5M | ||
| Q3 25 | $9.8M | $11.4M | ||
| Q2 25 | $9.7M | $13.5M | ||
| Q1 25 | $8.9M | $9.7M | ||
| Q4 24 | $9.3M | $39.8M | ||
| Q3 24 | — | $12.9M | ||
| Q2 24 | — | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $6.9M | $43.2M | ||
| Q3 25 | $8.0M | $10.8M | ||
| Q2 25 | $4.4M | $12.8M | ||
| Q1 25 | $7.3M | $8.3M | ||
| Q4 24 | $5.6M | $13.7M | ||
| Q3 24 | — | $7.0M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | 14.0% | 178.3% | ||
| Q3 25 | 20.0% | 43.0% | ||
| Q2 25 | 12.6% | 53.6% | ||
| Q1 25 | 22.0% | 35.7% | ||
| Q4 24 | 15.2% | 65.6% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 4.2% | 13.7% | ||
| Q3 25 | 4.6% | 2.6% | ||
| Q2 25 | 14.9% | 3.2% | ||
| Q1 25 | 4.8% | 6.5% | ||
| Q4 24 | 9.9% | 125.3% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | — | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
