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Side-by-side financial comparison of REED'S, INC. (REED) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

UTAH MEDICAL PRODUCTS INC is the larger business by last-quarter revenue ($9.0M vs $7.5M, roughly 1.2× REED'S, INC.). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs -50.5%, a 78.9% gap on every dollar of revenue. On growth, UTAH MEDICAL PRODUCTS INC posted the faster year-over-year revenue change (-1.2% vs -23.1%). UTAH MEDICAL PRODUCTS INC produced more free cash flow last quarter ($3.4M vs $-3.9M). Over the past eight quarters, UTAH MEDICAL PRODUCTS INC's revenue compounded faster (-10.7% CAGR vs -11.7%).

Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

REED vs UTMD — Head-to-Head

Bigger by revenue
UTMD
UTMD
1.2× larger
UTMD
$9.0M
$7.5M
REED
Growing faster (revenue YoY)
UTMD
UTMD
+21.9% gap
UTMD
-1.2%
-23.1%
REED
Higher net margin
UTMD
UTMD
78.9% more per $
UTMD
28.4%
-50.5%
REED
More free cash flow
UTMD
UTMD
$7.3M more FCF
UTMD
$3.4M
$-3.9M
REED
Faster 2-yr revenue CAGR
UTMD
UTMD
Annualised
UTMD
-10.7%
-11.7%
REED

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REED
REED
UTMD
UTMD
Revenue
$7.5M
$9.0M
Net Profit
$-3.8M
$2.6M
Gross Margin
20.4%
58.2%
Operating Margin
-46.9%
27.0%
Net Margin
-50.5%
28.4%
Revenue YoY
-23.1%
-1.2%
Net Profit YoY
8.2%
-11.6%
EPS (diluted)
$-1.26
$0.80

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
REED
REED
UTMD
UTMD
Q4 25
$7.5M
$9.0M
Q3 25
$7.0M
$9.8M
Q2 25
$9.5M
$10.0M
Q1 25
$10.0M
$9.7M
Q4 24
$9.7M
$9.2M
Q3 24
$6.8M
$10.0M
Q2 24
$11.9M
$10.4M
Q1 24
$9.6M
$11.3M
Net Profit
REED
REED
UTMD
UTMD
Q4 25
$-3.8M
$2.6M
Q3 25
$-4.0M
$2.6M
Q2 25
$-6.0M
$3.0M
Q1 25
$-2.0M
$3.0M
Q4 24
$-4.1M
$2.9M
Q3 24
$-4.2M
$3.6M
Q2 24
$-3.2M
$3.5M
Q1 24
$-1.7M
$4.0M
Gross Margin
REED
REED
UTMD
UTMD
Q4 25
20.4%
58.2%
Q3 25
17.4%
57.1%
Q2 25
8.5%
56.2%
Q1 25
33.9%
57.0%
Q4 24
30.0%
58.1%
Q3 24
18.0%
58.0%
Q2 24
32.3%
60.1%
Q1 24
35.6%
59.7%
Operating Margin
REED
REED
UTMD
UTMD
Q4 25
-46.9%
27.0%
Q3 25
-58.3%
26.6%
Q2 25
-60.8%
32.1%
Q1 25
-17.4%
32.5%
Q4 24
-37.6%
32.0%
Q3 24
-46.5%
33.4%
Q2 24
-5.6%
33.1%
Q1 24
-6.8%
34.2%
Net Margin
REED
REED
UTMD
UTMD
Q4 25
-50.5%
28.4%
Q3 25
-56.6%
26.8%
Q2 25
-63.5%
30.6%
Q1 25
-20.3%
31.3%
Q4 24
-42.3%
31.7%
Q3 24
-61.5%
35.6%
Q2 24
-27.1%
33.2%
Q1 24
-17.4%
34.9%
EPS (diluted)
REED
REED
UTMD
UTMD
Q4 25
$-1.26
$0.80
Q3 25
$-0.48
$0.82
Q2 25
$-0.13
$0.94
Q1 25
$-0.04
$0.92
Q4 24
$-3.73
$0.86
Q3 24
$-4.91
$1.03
Q2 24
$-0.77
$0.98
Q1 24
$-0.40
$1.09

Balance Sheet & Financial Strength

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

Metric
REED
REED
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$9.2M
$119.3M
Total Assets
$23.3M
$122.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REED
REED
UTMD
UTMD
Q4 25
$85.8M
Q3 25
$84.3M
Q2 25
$82.2M
Q1 25
$83.3M
Q4 24
$83.0M
Q3 24
$88.5M
Q2 24
$89.2M
Q1 24
$93.8M
Total Debt
REED
REED
UTMD
UTMD
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$282.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
REED
REED
UTMD
UTMD
Q4 25
$9.2M
$119.3M
Q3 25
$2.8M
$118.3M
Q2 25
$1.7M
$117.5M
Q1 25
$4.7M
$117.0M
Q4 24
$6.6M
$117.4M
Q3 24
$-22.0M
$124.2M
Q2 24
$-23.8M
$124.1M
Q1 24
$-20.7M
$127.7M
Total Assets
REED
REED
UTMD
UTMD
Q4 25
$23.3M
$122.5M
Q3 25
$19.9M
$122.0M
Q2 25
$23.7M
$120.8M
Q1 25
$24.5M
$122.5M
Q4 24
$25.1M
$122.5M
Q3 24
$15.0M
$129.7M
Q2 24
$18.7M
$130.0M
Q1 24
$19.3M
$135.4M
Debt / Equity
REED
REED
UTMD
UTMD
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
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
REED
REED
UTMD
UTMD
Operating Cash FlowLast quarter
$-3.8M
$3.5M
Free Cash FlowOCF − Capex
$-3.9M
$3.4M
FCF MarginFCF / Revenue
-52.0%
37.2%
Capex IntensityCapex / Revenue
1.1%
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-17.3M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REED
REED
UTMD
UTMD
Q4 25
$-3.8M
$3.5M
Q3 25
$-2.8M
$3.9M
Q2 25
$-5.0M
$2.9M
Q1 25
$-5.4M
$4.5M
Q4 24
$-3.9M
$2.9M
Q3 24
$1.1M
$3.9M
Q2 24
$-912.0K
$2.8M
Q1 24
$-2.4M
$5.3M
Free Cash Flow
REED
REED
UTMD
UTMD
Q4 25
$-3.9M
$3.4M
Q3 25
$-2.9M
$3.9M
Q2 25
$-5.1M
$2.8M
Q1 25
$-5.4M
$4.3M
Q4 24
$-4.0M
$2.9M
Q3 24
$1.0M
$3.8M
Q2 24
$-924.0K
$2.7M
Q1 24
$-2.4M
$5.3M
FCF Margin
REED
REED
UTMD
UTMD
Q4 25
-52.0%
37.2%
Q3 25
-41.5%
39.2%
Q2 25
-53.2%
28.4%
Q1 25
-54.2%
44.1%
Q4 24
-40.8%
32.0%
Q3 24
15.3%
37.7%
Q2 24
-7.8%
25.5%
Q1 24
-25.1%
46.3%
Capex Intensity
REED
REED
UTMD
UTMD
Q4 25
1.1%
1.2%
Q3 25
1.4%
0.3%
Q2 25
0.2%
0.5%
Q1 25
0.7%
1.9%
Q4 24
1.0%
0.1%
Q3 24
0.3%
0.9%
Q2 24
0.1%
1.1%
Q1 24
0.2%
0.2%
Cash Conversion
REED
REED
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

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