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Side-by-side financial comparison of Regency Centers (REG) and TANDEM DIABETES CARE INC (TNDM). Click either name above to swap in a different company.

Regency Centers is the larger business by last-quarter revenue ($404.2M vs $290.4M, roughly 1.4× TANDEM DIABETES CARE INC). Regency Centers runs the higher net margin — 50.1% vs -0.2%, a 50.3% gap on every dollar of revenue. On growth, Regency Centers posted the faster year-over-year revenue change (8.5% vs 2.7%). Over the past eight quarters, TANDEM DIABETES CARE INC's revenue compounded faster (23.1% CAGR vs 5.4%).

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

Tandem Diabetes Care, Inc. is an American medical device manufacturer based in San Diego, California. The company develops medical technologies for the treatment of diabetes and specifically insulin infusion therapy.

REG vs TNDM — Head-to-Head

Bigger by revenue
REG
REG
1.4× larger
REG
$404.2M
$290.4M
TNDM
Growing faster (revenue YoY)
REG
REG
+5.8% gap
REG
8.5%
2.7%
TNDM
Higher net margin
REG
REG
50.3% more per $
REG
50.1%
-0.2%
TNDM
Faster 2-yr revenue CAGR
TNDM
TNDM
Annualised
TNDM
23.1%
5.4%
REG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REG
REG
TNDM
TNDM
Revenue
$404.2M
$290.4M
Net Profit
$202.5M
$-589.0K
Gross Margin
57.7%
Operating Margin
71.0%
2.9%
Net Margin
50.1%
-0.2%
Revenue YoY
8.5%
2.7%
Net Profit YoY
134.1%
-178.0%
EPS (diluted)
$0.02

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
REG
REG
TNDM
TNDM
Q4 25
$404.2M
$290.4M
Q3 25
$387.6M
$249.3M
Q2 25
$380.8M
$240.7M
Q1 25
$380.9M
$234.4M
Q4 24
$372.5M
$282.6M
Q3 24
$360.3M
$244.0M
Q2 24
$357.3M
$221.9M
Q1 24
$363.9M
$191.7M
Net Profit
REG
REG
TNDM
TNDM
Q4 25
$202.5M
$-589.0K
Q3 25
$109.4M
$-21.2M
Q2 25
$106.0M
$-52.4M
Q1 25
$109.6M
$-130.6M
Q4 24
$86.5M
$755.0K
Q3 24
$101.5M
$-23.3M
Q2 24
$102.7M
$-30.8M
Q1 24
$109.8M
$-42.7M
Gross Margin
REG
REG
TNDM
TNDM
Q4 25
57.7%
Q3 25
53.9%
Q2 25
52.3%
Q1 25
50.5%
Q4 24
55.7%
Q3 24
51.1%
Q2 24
50.8%
Q1 24
49.4%
Operating Margin
REG
REG
TNDM
TNDM
Q4 25
71.0%
2.9%
Q3 25
72.7%
-9.2%
Q2 25
73.8%
-21.5%
Q1 25
71.8%
-51.6%
Q4 24
71.1%
-0.2%
Q3 24
72.5%
-10.7%
Q2 24
72.3%
-13.9%
Q1 24
72.3%
-21.7%
Net Margin
REG
REG
TNDM
TNDM
Q4 25
50.1%
-0.2%
Q3 25
28.2%
-8.5%
Q2 25
27.8%
-21.8%
Q1 25
28.8%
-55.7%
Q4 24
23.2%
0.3%
Q3 24
28.2%
-9.5%
Q2 24
28.7%
-13.9%
Q1 24
30.2%
-22.3%
EPS (diluted)
REG
REG
TNDM
TNDM
Q4 25
$0.02
Q3 25
$-0.31
Q2 25
$-0.78
Q1 25
$-1.97
Q4 24
$0.00
Q3 24
$-0.35
Q2 24
$-0.47
Q1 24
$-0.65

Balance Sheet & Financial Strength

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

Metric
REG
REG
TNDM
TNDM
Cash + ST InvestmentsLiquidity on hand
$292.7M
Total DebtLower is stronger
$4.7B
Stockholders' EquityBook value
$6.9B
$155.2M
Total Assets
$13.0B
$881.1M
Debt / EquityLower = less leverage
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REG
REG
TNDM
TNDM
Q4 25
$292.7M
Q3 25
$319.1M
Q2 25
$315.4M
Q1 25
$368.6M
Q4 24
$438.3M
Q3 24
$473.3M
Q2 24
$452.4M
Q1 24
$467.8M
Total Debt
REG
REG
TNDM
TNDM
Q4 25
$4.7B
Q3 25
$4.9B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.4B
Q3 24
$4.4B
Q2 24
$4.4B
Q1 24
$4.4B
Stockholders' Equity
REG
REG
TNDM
TNDM
Q4 25
$6.9B
$155.2M
Q3 25
$6.8B
$133.0M
Q2 25
$6.7B
$133.3M
Q1 25
$6.7B
$155.3M
Q4 24
$6.7B
$263.1M
Q3 24
$6.8B
$237.7M
Q2 24
$6.8B
$233.9M
Q1 24
$7.0B
$243.1M
Total Assets
REG
REG
TNDM
TNDM
Q4 25
$13.0B
$881.1M
Q3 25
$13.1B
$874.7M
Q2 25
$12.7B
$875.7M
Q1 25
$12.6B
$922.1M
Q4 24
$12.4B
$967.7M
Q3 24
$12.4B
$957.7M
Q2 24
$12.4B
$937.5M
Q1 24
$12.7B
$941.0M
Debt / Equity
REG
REG
TNDM
TNDM
Q4 25
0.69×
Q3 25
0.72×
Q2 25
0.72×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
0.65×
Q2 24
0.64×
Q1 24
0.63×

Cash Flow & Capital Efficiency

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

Metric
REG
REG
TNDM
TNDM
Operating Cash FlowLast quarter
$203.9M
$9.8M
Free Cash FlowOCF − Capex
$3.1M
FCF MarginFCF / Revenue
1.1%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$-29.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REG
REG
TNDM
TNDM
Q4 25
$203.9M
$9.8M
Q3 25
$218.7M
$8.3M
Q2 25
$244.0M
$-9.5M
Q1 25
$161.0M
$-18.3M
Q4 24
$191.4M
$10.7M
Q3 24
$227.6M
$26.8M
Q2 24
$203.5M
$-5.3M
Q1 24
$167.8M
$-8.0M
Free Cash Flow
REG
REG
TNDM
TNDM
Q4 25
$3.1M
Q3 25
$4.2M
Q2 25
$-15.7M
Q1 25
$-21.2M
Q4 24
$7.6M
Q3 24
$21.5M
Q2 24
$-11.7M
Q1 24
$-12.5M
FCF Margin
REG
REG
TNDM
TNDM
Q4 25
1.1%
Q3 25
1.7%
Q2 25
-6.5%
Q1 25
-9.1%
Q4 24
2.7%
Q3 24
8.8%
Q2 24
-5.3%
Q1 24
-6.5%
Capex Intensity
REG
REG
TNDM
TNDM
Q4 25
2.3%
Q3 25
1.6%
Q2 25
2.6%
Q1 25
1.3%
Q4 24
1.1%
Q3 24
2.1%
Q2 24
2.9%
Q1 24
2.3%
Cash Conversion
REG
REG
TNDM
TNDM
Q4 25
1.01×
Q3 25
2.00×
Q2 25
2.30×
Q1 25
1.47×
Q4 24
2.21×
14.19×
Q3 24
2.24×
Q2 24
1.98×
Q1 24
1.53×

Financial Flow Comparison

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

Revenue Breakdown by Segment

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

TNDM
TNDM

Supplies And Other$150.3M52%
Pump$140.1M48%

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