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Side-by-side financial comparison of SHOULDER INNOVATIONS, INC. (SI) and STRATUS PROPERTIES INC (STRS). Click either name above to swap in a different company.

SHOULDER INNOVATIONS, INC. is the larger business by last-quarter revenue ($11.8M vs $8.3M, roughly 1.4× STRATUS PROPERTIES INC). STRATUS PROPERTIES INC runs the higher net margin — 203.2% vs -74.3%, a 277.5% gap on every dollar of revenue. SHOULDER INNOVATIONS, INC. produced more free cash flow last quarter ($-11.4M vs $-38.0M).

Shoulder Innovations, Inc. is a medical technology firm specializing in design, development, and commercialization of innovative orthopedic devices for shoulder replacement surgery. Its products reduce surgical complications, improve patient outcomes, and are sold to orthopedic surgeons and healthcare providers across North America and Western Europe.

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

SI vs STRS — Head-to-Head

Bigger by revenue
SI
SI
1.4× larger
SI
$11.8M
$8.3M
STRS
Higher net margin
STRS
STRS
277.5% more per $
STRS
203.2%
-74.3%
SI
More free cash flow
SI
SI
$26.7M more FCF
SI
$-11.4M
$-38.0M
STRS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SI
SI
STRS
STRS
Revenue
$11.8M
$8.3M
Net Profit
$-8.7M
$16.9M
Gross Margin
76.2%
Operating Margin
-65.0%
Net Margin
-74.3%
203.2%
Revenue YoY
-19.4%
Net Profit YoY
1293.4%
EPS (diluted)
$-0.64
$2.42

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
SI
SI
STRS
STRS
Q4 25
$8.3M
Q3 25
$11.8M
$5.0M
Q2 25
$11.0M
$11.6M
Q1 25
$5.0M
Q4 24
$10.3M
Q3 24
$8.9M
Q2 24
$8.5M
Q1 24
$26.5M
Net Profit
SI
SI
STRS
STRS
Q4 25
$16.9M
Q3 25
$-8.7M
$-8.0M
Q2 25
$-19.2M
$-2.3M
Q1 25
$-3.8M
Q4 24
$-1.4M
Q3 24
$-1.4M
Q2 24
$-2.8M
Q1 24
$3.7M
Gross Margin
SI
SI
STRS
STRS
Q4 25
Q3 25
76.2%
-85.1%
Q2 25
76.2%
-19.0%
Q1 25
5.1%
Q4 24
18.3%
Q3 24
2.5%
Q2 24
10.9%
Q1 24
30.7%
Operating Margin
SI
SI
STRS
STRS
Q4 25
Q3 25
-65.0%
-162.9%
Q2 25
-53.2%
-6.5%
Q1 25
-71.3%
Q4 24
-13.6%
Q3 24
-17.1%
Q2 24
-34.4%
Q1 24
13.9%
Net Margin
SI
SI
STRS
STRS
Q4 25
203.2%
Q3 25
-74.3%
-161.1%
Q2 25
-174.3%
-19.8%
Q1 25
-74.5%
Q4 24
-13.7%
Q3 24
-15.9%
Q2 24
-32.7%
Q1 24
13.9%
EPS (diluted)
SI
SI
STRS
STRS
Q4 25
$2.42
Q3 25
$-0.64
$-0.62
Q2 25
$-165.53
$0.03
Q1 25
$-0.36
Q4 24
$-0.06
Q3 24
$-0.05
Q2 24
$-0.21
Q1 24
$0.56

Balance Sheet & Financial Strength

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

Metric
SI
SI
STRS
STRS
Cash + ST InvestmentsLiquidity on hand
$54.9M
$74.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$147.8M
$204.5M
Total Assets
$177.8M
$563.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SI
SI
STRS
STRS
Q4 25
$74.3M
Q3 25
$54.9M
$55.0M
Q2 25
$27.1M
$59.4M
Q1 25
$12.0M
Q4 24
$20.2M
Q3 24
$19.6M
Q2 24
$13.5M
Q1 24
$20.7M
Stockholders' Equity
SI
SI
STRS
STRS
Q4 25
$204.5M
Q3 25
$147.8M
$185.8M
Q2 25
$-78.2M
$191.9M
Q1 25
$191.5M
Q4 24
$194.7M
Q3 24
$196.4M
Q2 24
$196.3M
Q1 24
$197.6M
Total Assets
SI
SI
STRS
STRS
Q4 25
$563.4M
Q3 25
$177.8M
$572.6M
Q2 25
$77.8M
$574.8M
Q1 25
$534.6M
Q4 24
$532.6M
Q3 24
$523.2M
Q2 24
$514.0M
Q1 24
$509.5M

Cash Flow & Capital Efficiency

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

Metric
SI
SI
STRS
STRS
Operating Cash FlowLast quarter
$-8.6M
$-29.9M
Free Cash FlowOCF − Capex
$-11.4M
$-38.0M
FCF MarginFCF / Revenue
-96.7%
-458.5%
Capex IntensityCapex / Revenue
23.9%
98.2%
Cash ConversionOCF / Net Profit
-1.77×
TTM Free Cash FlowTrailing 4 quarters
$-70.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SI
SI
STRS
STRS
Q4 25
$-29.9M
Q3 25
$-8.6M
$-9.0M
Q2 25
$-11.3M
$-1.7M
Q1 25
$-13.5M
Q4 24
$-5.8M
Q3 24
$-686.0K
Q2 24
$-8.3M
Q1 24
$6.5M
Free Cash Flow
SI
SI
STRS
STRS
Q4 25
$-38.0M
Q3 25
$-11.4M
$-9.9M
Q2 25
$-13.6M
$-4.3M
Q1 25
$-18.0M
Q4 24
$-35.0M
Q3 24
$-7.5M
Q2 24
$-16.3M
Q1 24
$-1.6M
FCF Margin
SI
SI
STRS
STRS
Q4 25
-458.5%
Q3 25
-96.7%
-198.7%
Q2 25
-123.4%
-37.2%
Q1 25
-357.4%
Q4 24
-339.7%
Q3 24
-84.4%
Q2 24
-191.6%
Q1 24
-6.0%
Capex Intensity
SI
SI
STRS
STRS
Q4 25
98.2%
Q3 25
23.9%
18.4%
Q2 25
21.0%
22.7%
Q1 25
89.8%
Q4 24
283.0%
Q3 24
76.7%
Q2 24
94.2%
Q1 24
30.7%
Cash Conversion
SI
SI
STRS
STRS
Q4 25
-1.77×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.77×

Financial Flow Comparison

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

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