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Side-by-side financial comparison of SBC Medical Group Holdings Inc (SBC) and TELOS CORP (TLS). Click either name above to swap in a different company.
TELOS CORP is the larger business by last-quarter revenue ($46.8M vs $39.6M, roughly 1.2× SBC Medical Group Holdings Inc). SBC Medical Group Holdings Inc runs the higher net margin — 35.9% vs -34.9%, a 70.8% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs -10.9%). SBC Medical Group Holdings Inc produced more free cash flow last quarter ($51.2M vs $8.0M). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs -15.0%).
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.
Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.
SBC vs TLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $39.6M | $46.8M |
| Net Profit | $14.2M | $-16.3M |
| Gross Margin | 73.1% | 35.0% |
| Operating Margin | 32.5% | -39.6% |
| Net Margin | 35.9% | -34.9% |
| Revenue YoY | -10.9% | 77.4% |
| Net Profit YoY | 117.2% | -74.8% |
| EPS (diluted) | $0.15 | $-0.22 |
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.
| Q4 25 | $39.6M | $46.8M | ||
| Q3 25 | $43.4M | $51.4M | ||
| Q2 25 | $43.4M | $36.0M | ||
| Q1 25 | $47.3M | $30.6M | ||
| Q4 24 | $44.4M | $26.4M | ||
| Q3 24 | $53.1M | $23.8M | ||
| Q2 24 | $53.1M | $28.5M | ||
| Q1 24 | $54.8M | $29.6M |
| Q4 25 | $14.2M | $-16.3M | ||
| Q3 25 | $12.8M | $-2.1M | ||
| Q2 25 | $2.5M | $-9.5M | ||
| Q1 25 | $21.5M | $-8.6M | ||
| Q4 24 | $6.5M | $-9.3M | ||
| Q3 24 | $2.8M | $-28.1M | ||
| Q2 24 | $18.5M | $-7.8M | ||
| Q1 24 | $18.8M | $-7.4M |
| Q4 25 | 73.1% | 35.0% | ||
| Q3 25 | 70.6% | 39.9% | ||
| Q2 25 | 69.2% | 33.2% | ||
| Q1 25 | 79.7% | 39.8% | ||
| Q4 24 | 76.3% | 40.3% | ||
| Q3 24 | 81.5% | 13.2% | ||
| Q2 24 | 74.2% | 34.1% | ||
| Q1 24 | 72.1% | 37.0% |
| Q4 25 | 32.5% | -39.6% | ||
| Q3 25 | 36.6% | -4.8% | ||
| Q2 25 | 33.6% | -27.5% | ||
| Q1 25 | 51.1% | -29.5% | ||
| Q4 24 | 10.6% | -37.6% | ||
| Q3 24 | 26.1% | -121.4% | ||
| Q2 24 | 51.4% | -30.3% | ||
| Q1 24 | 44.6% | -28.5% |
| Q4 25 | 35.9% | -34.9% | ||
| Q3 25 | 29.6% | -4.1% | ||
| Q2 25 | 5.7% | -26.5% | ||
| Q1 25 | 45.4% | -28.1% | ||
| Q4 24 | 14.7% | -35.4% | ||
| Q3 24 | 5.3% | -118.0% | ||
| Q2 24 | 34.8% | -27.2% | ||
| Q1 24 | 34.2% | -24.9% |
| Q4 25 | $0.15 | $-0.22 | ||
| Q3 25 | $0.12 | $-0.03 | ||
| Q2 25 | $0.02 | $-0.13 | ||
| Q1 25 | $0.21 | $-0.12 | ||
| Q4 24 | $0.05 | $-0.13 | ||
| Q3 24 | $0.03 | $-0.39 | ||
| Q2 24 | $0.20 | $-0.11 | ||
| Q1 24 | $0.20 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $164.1M | $53.2M |
| Total DebtLower is stronger | $42.8M | — |
| Stockholders' EquityBook value | $248.3M | $96.0M |
| Total Assets | $380.4M | $139.9M |
| Debt / EquityLower = less leverage | 0.17× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $164.1M | $53.2M | ||
| Q3 25 | $127.4M | $59.0M | ||
| Q2 25 | $152.7M | $57.0M | ||
| Q1 25 | $132.1M | $57.8M | ||
| Q4 24 | $125.0M | $54.6M | ||
| Q3 24 | $137.4M | $69.8M | ||
| Q2 24 | — | $80.1M | ||
| Q1 24 | — | $93.9M |
| 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 | — | — |
| Q4 25 | $248.3M | $96.0M | ||
| Q3 25 | $248.0M | $119.7M | ||
| Q2 25 | $244.6M | $118.4M | ||
| Q1 25 | $226.4M | $126.1M | ||
| Q4 24 | $195.1M | $127.1M | ||
| Q3 24 | $205.0M | $129.5M | ||
| Q2 24 | $8.8M | $149.1M | ||
| Q1 24 | $9.0M | $154.4M |
| Q4 25 | $380.4M | $139.9M | ||
| Q3 25 | $321.4M | $164.3M | ||
| Q2 25 | $315.3M | $165.0M | ||
| Q1 25 | $284.6M | $158.1M | ||
| Q4 24 | $266.1M | $158.2M | ||
| Q3 24 | $296.5M | $166.3M | ||
| Q2 24 | $19.5M | $182.4M | ||
| Q1 24 | $19.8M | $195.4M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $52.0M | $8.0M |
| Free Cash FlowOCF − Capex | $51.2M | $8.0M |
| FCF MarginFCF / Revenue | 129.3% | 17.0% |
| Capex IntensityCapex / Revenue | 2.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.66× | — |
| TTM Free Cash FlowTrailing 4 quarters | $23.3M | $29.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.0M | $8.0M | ||
| Q3 25 | $-20.9M | $9.1M | ||
| Q2 25 | $-8.3M | $7.0M | ||
| Q1 25 | $1.9M | $6.1M | ||
| Q4 24 | $-7.3M | $-10.5M | ||
| Q3 24 | $5.0M | $-7.1M | ||
| Q2 24 | $19.2M | $-8.0M | ||
| Q1 24 | $3.7M | $-350.0K |
| Q4 25 | $51.2M | $8.0M | ||
| Q3 25 | $-20.9M | $8.7M | ||
| Q2 25 | $-8.6M | $6.8M | ||
| Q1 25 | $1.7M | $6.0M | ||
| Q4 24 | $-7.9M | $-12.4M | ||
| Q3 24 | $4.6M | $-7.1M | ||
| Q2 24 | $18.3M | $-8.2M | ||
| Q1 24 | $3.0M | $-447.0K |
| Q4 25 | 129.3% | 17.0% | ||
| Q3 25 | -48.3% | 16.9% | ||
| Q2 25 | -19.9% | 19.0% | ||
| Q1 25 | 3.5% | 19.5% | ||
| Q4 24 | -17.8% | -47.0% | ||
| Q3 24 | 8.7% | -30.0% | ||
| Q2 24 | 34.5% | -28.9% | ||
| Q1 24 | 5.4% | -1.5% |
| Q4 25 | 2.0% | 0.1% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | 0.7% | 0.4% | ||
| Q1 25 | 0.5% | 0.4% | ||
| Q4 24 | 1.3% | 7.1% | ||
| Q3 24 | 0.8% | 0.2% | ||
| Q2 24 | 1.6% | 0.8% | ||
| Q1 24 | 1.3% | 0.3% |
| Q4 25 | 3.66× | — | ||
| Q3 25 | -1.63× | — | ||
| Q2 25 | -3.39× | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | -1.12× | — | ||
| Q3 24 | 1.77× | — | ||
| Q2 24 | 1.04× | — | ||
| Q1 24 | 0.20× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SBC
| Franchising | $10.3M | 26% |
| Medical Corporation Shobikai | $8.1M | 21% |
| Medical Corporation Nasukai | $7.2M | 18% |
| Management Services | $6.3M | 16% |
| Rental Services | $4.3M | 11% |
| Medical Corporation Association Furinkai | $3.0M | 8% |
| Japan Medical And Beauty Inc | $656.5K | 2% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
