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Side-by-side financial comparison of Reservoir Media, Inc. (RSVR) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.

Reservoir Media, Inc. is the larger business by last-quarter revenue ($45.6M vs $39.6M, roughly 1.2× SBC Medical Group Holdings Inc). SBC Medical Group Holdings Inc runs the higher net margin — 35.9% vs 4.8%, a 31.1% gap on every dollar of revenue. On growth, Reservoir Media, Inc. posted the faster year-over-year revenue change (7.7% vs -10.9%). SBC Medical Group Holdings Inc produced more free cash flow last quarter ($51.2M vs $12.8M). Over the past eight quarters, Reservoir Media, Inc.'s revenue compounded faster (7.9% CAGR vs -15.0%).

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.

RSVR vs SBC — Head-to-Head

Bigger by revenue
RSVR
RSVR
1.2× larger
RSVR
$45.6M
$39.6M
SBC
Growing faster (revenue YoY)
RSVR
RSVR
+18.6% gap
RSVR
7.7%
-10.9%
SBC
Higher net margin
SBC
SBC
31.1% more per $
SBC
35.9%
4.8%
RSVR
More free cash flow
SBC
SBC
$38.4M more FCF
SBC
$51.2M
$12.8M
RSVR
Faster 2-yr revenue CAGR
RSVR
RSVR
Annualised
RSVR
7.9%
-15.0%
SBC

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
RSVR
RSVR
SBC
SBC
Revenue
$45.6M
$39.6M
Net Profit
$2.2M
$14.2M
Gross Margin
64.5%
73.1%
Operating Margin
22.7%
32.5%
Net Margin
4.8%
35.9%
Revenue YoY
7.7%
-10.9%
Net Profit YoY
-58.1%
117.2%
EPS (diluted)
$0.03
$0.15

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
RSVR
RSVR
SBC
SBC
Q4 25
$45.6M
$39.6M
Q3 25
$45.4M
$43.4M
Q2 25
$37.2M
$43.4M
Q1 25
$41.4M
$47.3M
Q4 24
$42.3M
$44.4M
Q3 24
$40.7M
$53.1M
Q2 24
$34.3M
$53.1M
Q1 24
$39.1M
$54.8M
Net Profit
RSVR
RSVR
SBC
SBC
Q4 25
$2.2M
$14.2M
Q3 25
$2.3M
$12.8M
Q2 25
$-555.7K
$2.5M
Q1 25
$2.7M
$21.5M
Q4 24
$5.2M
$6.5M
Q3 24
$185.0K
$2.8M
Q2 24
$-346.7K
$18.5M
Q1 24
$2.8M
$18.8M
Gross Margin
RSVR
RSVR
SBC
SBC
Q4 25
64.5%
73.1%
Q3 25
63.6%
70.6%
Q2 25
64.5%
69.2%
Q1 25
65.6%
79.7%
Q4 24
64.4%
76.3%
Q3 24
63.5%
81.5%
Q2 24
61.3%
74.2%
Q1 24
63.4%
72.1%
Operating Margin
RSVR
RSVR
SBC
SBC
Q4 25
22.7%
32.5%
Q3 25
23.5%
36.6%
Q2 25
14.7%
33.6%
Q1 25
25.2%
51.1%
Q4 24
22.6%
10.6%
Q3 24
24.9%
26.1%
Q2 24
14.5%
51.4%
Q1 24
22.4%
44.6%
Net Margin
RSVR
RSVR
SBC
SBC
Q4 25
4.8%
35.9%
Q3 25
5.0%
29.6%
Q2 25
-1.5%
5.7%
Q1 25
6.4%
45.4%
Q4 24
12.4%
14.7%
Q3 24
0.5%
5.3%
Q2 24
-1.0%
34.8%
Q1 24
7.1%
34.2%
EPS (diluted)
RSVR
RSVR
SBC
SBC
Q4 25
$0.03
$0.15
Q3 25
$0.03
$0.12
Q2 25
$-0.01
$0.02
Q1 25
$0.21
Q4 24
$0.08
$0.05
Q3 24
$0.03
Q2 24
$-0.01
$0.20
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
RSVR
RSVR
SBC
SBC
Cash + ST InvestmentsLiquidity on hand
$20.6M
$164.1M
Total DebtLower is stronger
$42.8M
Stockholders' EquityBook value
$373.6M
$248.3M
Total Assets
$941.9M
$380.4M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RSVR
RSVR
SBC
SBC
Q4 25
$20.6M
$164.1M
Q3 25
$27.9M
$127.4M
Q2 25
$14.9M
$152.7M
Q1 25
$21.4M
$132.1M
Q4 24
$17.8M
$125.0M
Q3 24
$21.1M
$137.4M
Q2 24
$16.4M
Q1 24
$18.1M
Total Debt
RSVR
RSVR
SBC
SBC
Q4 25
$42.8M
Q3 25
$21.1M
Q2 25
$7.1M
Q1 25
$6.9M
Q4 24
$6.6M
Q3 24
$823.2K
Q2 24
Q1 24
Stockholders' Equity
RSVR
RSVR
SBC
SBC
Q4 25
$373.6M
$248.3M
Q3 25
$370.9M
$248.0M
Q2 25
$368.9M
$244.6M
Q1 25
$364.9M
$226.4M
Q4 24
$359.5M
$195.1M
Q3 24
$357.9M
$205.0M
Q2 24
$353.0M
$8.8M
Q1 24
$353.0M
$9.0M
Total Assets
RSVR
RSVR
SBC
SBC
Q4 25
$941.9M
$380.4M
Q3 25
$903.5M
$321.4M
Q2 25
$857.0M
$315.3M
Q1 25
$865.1M
$284.6M
Q4 24
$832.4M
$266.1M
Q3 24
$778.2M
$296.5M
Q2 24
$768.2M
$19.5M
Q1 24
$783.5M
$19.8M
Debt / Equity
RSVR
RSVR
SBC
SBC
Q4 25
0.17×
Q3 25
0.09×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.00×
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
RSVR
RSVR
SBC
SBC
Operating Cash FlowLast quarter
$12.9M
$52.0M
Free Cash FlowOCF − Capex
$12.8M
$51.2M
FCF MarginFCF / Revenue
28.1%
129.3%
Capex IntensityCapex / Revenue
0.3%
2.0%
Cash ConversionOCF / Net Profit
5.89×
3.66×
TTM Free Cash FlowTrailing 4 quarters
$50.1M
$23.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RSVR
RSVR
SBC
SBC
Q4 25
$12.9M
$52.0M
Q3 25
$19.3M
$-20.9M
Q2 25
$6.0M
$-8.3M
Q1 25
$12.2M
$1.9M
Q4 24
$11.2M
$-7.3M
Q3 24
$13.3M
$5.0M
Q2 24
$8.6M
$19.2M
Q1 24
$13.8M
$3.7M
Free Cash Flow
RSVR
RSVR
SBC
SBC
Q4 25
$12.8M
$51.2M
Q3 25
$19.2M
$-20.9M
Q2 25
$6.0M
$-8.6M
Q1 25
$12.2M
$1.7M
Q4 24
$11.2M
$-7.9M
Q3 24
$13.3M
$4.6M
Q2 24
$8.5M
$18.3M
Q1 24
$13.8M
$3.0M
FCF Margin
RSVR
RSVR
SBC
SBC
Q4 25
28.1%
129.3%
Q3 25
42.2%
-48.3%
Q2 25
16.1%
-19.9%
Q1 25
29.3%
3.5%
Q4 24
26.5%
-17.8%
Q3 24
32.7%
8.7%
Q2 24
24.9%
34.5%
Q1 24
35.2%
5.4%
Capex Intensity
RSVR
RSVR
SBC
SBC
Q4 25
0.3%
2.0%
Q3 25
0.3%
0.1%
Q2 25
0.1%
0.7%
Q1 25
0.1%
0.5%
Q4 24
0.0%
1.3%
Q3 24
0.1%
0.8%
Q2 24
0.1%
1.6%
Q1 24
0.0%
1.3%
Cash Conversion
RSVR
RSVR
SBC
SBC
Q4 25
5.89×
3.66×
Q3 25
8.54×
-1.63×
Q2 25
-3.39×
Q1 25
4.56×
0.09×
Q4 24
2.14×
-1.12×
Q3 24
71.97×
1.77×
Q2 24
1.04×
Q1 24
4.93×
0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

SBC
SBC

Franchising$10.3M26%
Medical Corporation Shobikai$8.1M21%
Medical Corporation Nasukai$7.2M18%
Management Services$6.3M16%
Rental Services$4.3M11%
Medical Corporation Association Furinkai$3.0M8%
Japan Medical And Beauty Inc$656.5K2%

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