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Side-by-side financial comparison of TANGER INC. (SKT) and VERACYTE, INC. (VCYT). Click either name above to swap in a different company.

TANGER INC. is the larger business by last-quarter revenue ($150.4M vs $139.1M, roughly 1.1× VERACYTE, INC.). VERACYTE, INC. runs the higher net margin — 20.6% vs 19.6%, a 1.1% gap on every dollar of revenue. On growth, VERACYTE, INC. posted the faster year-over-year revenue change (21.5% vs 11.1%). Over the past eight quarters, VERACYTE, INC.'s revenue compounded faster (10.2% CAGR vs 8.0%).

Tanger Inc. is a real estate investment trust headquartered in Greensboro, North Carolina, that invests in open air outlet and lifestyle shopping centers in the United States and Canada.

Veracyte Inc. is a leading molecular diagnostics company that develops and commercializes proprietary genomic testing solutions for early, accurate detection of cancer and other complex diseases. Its offerings help healthcare providers make better clinical decisions to improve patient outcomes, with core operations in the U.S. and expanding global market presence across key clinical segments.

SKT vs VCYT — Head-to-Head

Bigger by revenue
SKT
SKT
1.1× larger
SKT
$150.4M
$139.1M
VCYT
Growing faster (revenue YoY)
VCYT
VCYT
+10.4% gap
VCYT
21.5%
11.1%
SKT
Higher net margin
VCYT
VCYT
1.1% more per $
VCYT
20.6%
19.6%
SKT
Faster 2-yr revenue CAGR
VCYT
VCYT
Annualised
VCYT
10.2%
8.0%
SKT

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
SKT
SKT
VCYT
VCYT
Revenue
$150.4M
$139.1M
Net Profit
$29.4M
$28.7M
Gross Margin
72.7%
Operating Margin
16.3%
Net Margin
19.6%
20.6%
Revenue YoY
11.1%
21.5%
Net Profit YoY
47.1%
EPS (diluted)
$1.05
$0.35

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
SKT
SKT
VCYT
VCYT
Q1 26
$150.4M
$139.1M
Q4 25
$151.0M
$140.6M
Q3 25
$145.2M
$131.9M
Q2 25
$140.7M
$130.2M
Q1 25
$135.4M
$114.5M
Q4 24
$132.2M
$118.6M
Q3 24
$133.0M
$115.9M
Q2 24
$129.0M
$114.4M
Net Profit
SKT
SKT
VCYT
VCYT
Q1 26
$29.4M
$28.7M
Q4 25
$41.1M
Q3 25
$32.0M
$19.1M
Q2 25
$30.1M
$-980.0K
Q1 25
$19.2M
$7.0M
Q4 24
$5.1M
Q3 24
$24.9M
$15.2M
Q2 24
$24.8M
$5.7M
Gross Margin
SKT
SKT
VCYT
VCYT
Q1 26
72.7%
Q4 25
72.5%
Q3 25
69.2%
Q2 25
69.0%
Q1 25
69.5%
Q4 24
66.4%
Q3 24
68.2%
Q2 24
68.1%
Operating Margin
SKT
SKT
VCYT
VCYT
Q1 26
16.3%
Q4 25
26.4%
Q3 25
20.1%
17.4%
Q2 25
20.1%
-4.0%
Q1 25
13.0%
2.5%
Q4 24
3.5%
Q3 24
17.8%
10.4%
Q2 24
17.8%
4.0%
Net Margin
SKT
SKT
VCYT
VCYT
Q1 26
19.6%
20.6%
Q4 25
29.3%
Q3 25
22.1%
14.5%
Q2 25
21.4%
-0.8%
Q1 25
14.2%
6.2%
Q4 24
4.3%
Q3 24
18.7%
13.1%
Q2 24
19.3%
5.0%
EPS (diluted)
SKT
SKT
VCYT
VCYT
Q1 26
$1.05
$0.35
Q4 25
$0.50
Q3 25
$0.28
$0.24
Q2 25
$0.26
$-0.01
Q1 25
$0.17
$0.09
Q4 24
$0.07
Q3 24
$0.22
$0.19
Q2 24
$0.22
$0.07

Balance Sheet & Financial Strength

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

Metric
SKT
SKT
VCYT
VCYT
Cash + ST InvestmentsLiquidity on hand
$227.4M
$439.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$697.8M
$1.3B
Total Assets
$2.8B
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SKT
SKT
VCYT
VCYT
Q1 26
$227.4M
$439.1M
Q4 25
$18.1M
$362.6M
Q3 25
$13.0M
$315.6M
Q2 25
$9.7M
$219.5M
Q1 25
$10.2M
$186.1M
Q4 24
$47.0M
$239.1M
Q3 24
$11.1M
$274.1M
Q2 24
$11.3M
$235.9M
Total Debt
SKT
SKT
VCYT
VCYT
Q1 26
Q4 25
Q3 25
$1.6B
Q2 25
$1.5B
Q1 25
$1.6B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.5B
Stockholders' Equity
SKT
SKT
VCYT
VCYT
Q1 26
$697.8M
$1.3B
Q4 25
$1.3B
Q3 25
$703.6M
$1.3B
Q2 25
$635.2M
$1.2B
Q1 25
$633.9M
$1.2B
Q4 24
$652.4M
$1.2B
Q3 24
$568.3M
$1.2B
Q2 24
$553.7M
$1.1B
Total Assets
SKT
SKT
VCYT
VCYT
Q1 26
$2.8B
$1.4B
Q4 25
$1.4B
Q3 25
$2.6B
$1.4B
Q2 25
$2.5B
$1.3B
Q1 25
$2.5B
$1.3B
Q4 24
$2.4B
$1.3B
Q3 24
$2.3B
$1.3B
Q2 24
$2.3B
$1.2B
Debt / Equity
SKT
SKT
VCYT
VCYT
Q1 26
Q4 25
Q3 25
2.29×
Q2 25
2.40×
Q1 25
2.47×
Q4 24
2.18×
Q3 24
2.51×
Q2 24
2.64×

Cash Flow & Capital Efficiency

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

Metric
SKT
SKT
VCYT
VCYT
Operating Cash FlowLast quarter
$35.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
6.6%
Cash ConversionOCF / Net Profit
1.23×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SKT
SKT
VCYT
VCYT
Q1 26
$35.2M
Q4 25
$52.6M
Q3 25
$74.3M
$44.8M
Q2 25
$82.0M
$33.6M
Q1 25
$41.4M
$5.4M
Q4 24
$24.5M
Q3 24
$65.2M
$30.0M
Q2 24
$72.8M
$29.6M
Free Cash Flow
SKT
SKT
VCYT
VCYT
Q1 26
Q4 25
$48.8M
Q3 25
$42.0M
Q2 25
$32.3M
Q1 25
$3.5M
Q4 24
$20.4M
Q3 24
$27.7M
Q2 24
$26.8M
FCF Margin
SKT
SKT
VCYT
VCYT
Q1 26
Q4 25
34.7%
Q3 25
31.8%
Q2 25
24.8%
Q1 25
3.1%
Q4 24
17.2%
Q3 24
23.9%
Q2 24
23.4%
Capex Intensity
SKT
SKT
VCYT
VCYT
Q1 26
6.6%
Q4 25
2.7%
Q3 25
2.1%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
3.5%
Q3 24
1.9%
Q2 24
2.4%
Cash Conversion
SKT
SKT
VCYT
VCYT
Q1 26
1.23×
Q4 25
1.28×
Q3 25
2.32×
2.34×
Q2 25
2.73×
Q1 25
2.16×
0.76×
Q4 24
4.80×
Q3 24
2.62×
1.98×
Q2 24
2.93×
5.16×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SKT
SKT

Rental revenue$143.5M95%
Other revenue$4.7M3%
Management, leasing and other services$2.2M1%

VCYT
VCYT

Testing revenue$135.1M97%
Product revenue$3.7M3%
Biopharmaceutical and other revenue$301.0K0%

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