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Side-by-side financial comparison of SLM Corp (SLM) and Teads Holding Co. (TEAD). Click either name above to swap in a different company.

SLM Corp is the larger business by last-quarter revenue ($560.0M vs $352.2M, roughly 1.6× Teads Holding Co.). SLM Corp runs the higher net margin — 55.0% vs -121.6%, a 176.6% gap on every dollar of revenue. Over the past eight quarters, Teads Holding Co.'s revenue compounded faster (27.4% CAGR vs 22.7%).

Nikon SLM Solutions AG, headquartered in Lübeck, Germany, is a manufacturer of 3D metal printers listed on the stock market and co-owner of the word mark SLM. The shares of SLM Solutions Group AG have been listed in Prime Standard of the Frankfurt Stock Exchange since May 9, 2014.

Teads Holding Co. operates a leading global end-to-end digital video advertising platform. It partners with premium online publishers and brand advertisers to deliver tailored, engaging video ad experiences across desktop, mobile and connected TV devices, serving clients across North America, Europe, Asia-Pacific and Latin America, with focus on programmatic ad tech solutions for the digital marketing space.

SLM vs TEAD — Head-to-Head

Bigger by revenue
SLM
SLM
1.6× larger
SLM
$560.0M
$352.2M
TEAD
Higher net margin
SLM
SLM
176.6% more per $
SLM
55.0%
-121.6%
TEAD
Faster 2-yr revenue CAGR
TEAD
TEAD
Annualised
TEAD
27.4%
22.7%
SLM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
SLM
SLM
TEAD
TEAD
Revenue
$560.0M
$352.2M
Net Profit
$308.0M
$-428.2M
Gross Margin
34.2%
Operating Margin
69.6%
-98.2%
Net Margin
55.0%
-121.6%
Revenue YoY
50.2%
Net Profit YoY
1.0%
-256321.6%
EPS (diluted)
$1.54
$-4.63

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
SLM
SLM
TEAD
TEAD
Q1 26
$560.0M
Q4 25
$377.1M
$352.2M
Q3 25
$373.0M
$318.8M
Q2 25
$376.8M
$343.1M
Q1 25
$375.0M
$286.4M
Q4 24
$362.2M
$234.6M
Q3 24
$359.4M
$224.2M
Q2 24
$372.2M
$214.1M
Net Profit
SLM
SLM
TEAD
TEAD
Q1 26
$308.0M
Q4 25
$233.2M
$-428.2M
Q3 25
$135.8M
$-19.7M
Q2 25
$71.3M
$-14.3M
Q1 25
$304.5M
$-54.8M
Q4 24
$111.6M
$-167.0K
Q3 24
$-45.2M
$6.7M
Q2 24
$252.0M
$-2.2M
Gross Margin
SLM
SLM
TEAD
TEAD
Q1 26
Q4 25
34.2%
Q3 25
33.2%
Q2 25
35.1%
Q1 25
28.9%
Q4 24
23.9%
Q3 24
21.8%
Q2 24
21.3%
Operating Margin
SLM
SLM
TEAD
TEAD
Q1 26
69.6%
Q4 25
83.8%
-98.2%
Q3 25
49.8%
-2.0%
Q2 25
23.3%
-0.7%
Q1 25
-15.5%
Q4 24
36.5%
1.1%
Q3 24
-16.6%
-1.3%
Q2 24
91.0%
-2.6%
Net Margin
SLM
SLM
TEAD
TEAD
Q1 26
55.0%
Q4 25
61.8%
-121.6%
Q3 25
36.4%
-6.2%
Q2 25
18.9%
-4.2%
Q1 25
81.2%
-19.2%
Q4 24
30.8%
-0.1%
Q3 24
-12.6%
3.0%
Q2 24
67.7%
-1.0%
EPS (diluted)
SLM
SLM
TEAD
TEAD
Q1 26
$1.54
Q4 25
$1.11
$-4.63
Q3 25
$0.63
$-0.21
Q2 25
$0.32
$-0.15
Q1 25
$1.40
$-0.70
Q4 24
$0.53
$0.02
Q3 24
$-0.23
$0.01
Q2 24
$1.11
$-0.04

Balance Sheet & Financial Strength

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

Metric
SLM
SLM
TEAD
TEAD
Cash + ST InvestmentsLiquidity on hand
$5.2B
$138.7M
Total DebtLower is stronger
$6.2B
$605.1M
Stockholders' EquityBook value
$2.4B
$95.4M
Total Assets
$29.4B
$1.3B
Debt / EquityLower = less leverage
2.53×
6.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLM
SLM
TEAD
TEAD
Q1 26
$5.2B
Q4 25
$4.2B
$138.7M
Q3 25
$3.5B
$138.3M
Q2 25
$4.1B
$166.1M
Q1 25
$3.7B
$155.9M
Q4 24
$4.7B
$166.1M
Q3 24
$4.5B
$130.5M
Q2 24
$5.3B
$162.7M
Total Debt
SLM
SLM
TEAD
TEAD
Q1 26
$6.2B
Q4 25
$5.4B
$605.1M
Q3 25
$6.8B
$604.0M
Q2 25
$6.4B
$603.0M
Q1 25
$6.1B
$610.8M
Q4 24
$6.4B
$0
Q3 24
$6.0B
$0
Q2 24
$5.4B
$118.0M
Stockholders' Equity
SLM
SLM
TEAD
TEAD
Q1 26
$2.4B
Q4 25
$2.5B
$95.4M
Q3 25
$2.3B
$519.3M
Q2 25
$2.4B
$532.0M
Q1 25
$2.4B
$474.7M
Q4 24
$2.2B
$231.3M
Q3 24
$2.1B
$227.2M
Q2 24
$2.3B
$216.0M
Total Assets
SLM
SLM
TEAD
TEAD
Q1 26
$29.4B
Q4 25
$29.7B
$1.3B
Q3 25
$29.6B
$1.7B
Q2 25
$29.6B
$1.8B
Q1 25
$28.9B
$1.7B
Q4 24
$30.1B
$549.2M
Q3 24
$30.0B
$530.1M
Q2 24
$28.8B
$626.2M
Debt / Equity
SLM
SLM
TEAD
TEAD
Q1 26
2.53×
Q4 25
2.19×
6.34×
Q3 25
2.92×
1.16×
Q2 25
2.70×
1.13×
Q1 25
2.56×
1.29×
Q4 24
2.98×
0.00×
Q3 24
2.83×
0.00×
Q2 24
2.37×
0.55×

Cash Flow & Capital Efficiency

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

Metric
SLM
SLM
TEAD
TEAD
Operating Cash FlowLast quarter
$7.3M
Free Cash FlowOCF − Capex
$6.5M
FCF MarginFCF / Revenue
1.8%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLM
SLM
TEAD
TEAD
Q1 26
Q4 25
$-64.5M
$7.3M
Q3 25
$-49.3M
$-23.7M
Q2 25
$-138.7M
$25.0M
Q1 25
$-146.1M
$-966.0K
Q4 24
$4.5M
$42.7M
Q3 24
$-113.4M
$13.7M
Q2 24
$-143.8M
$3.6M
Free Cash Flow
SLM
SLM
TEAD
TEAD
Q1 26
Q4 25
$6.5M
Q3 25
$-24.5M
Q2 25
$23.9M
Q1 25
$-3.9M
Q4 24
$40.0M
Q3 24
$11.1M
Q2 24
$2.8M
FCF Margin
SLM
SLM
TEAD
TEAD
Q1 26
Q4 25
1.8%
Q3 25
-7.7%
Q2 25
7.0%
Q1 25
-1.4%
Q4 24
17.0%
Q3 24
5.0%
Q2 24
1.3%
Capex Intensity
SLM
SLM
TEAD
TEAD
Q1 26
Q4 25
0.2%
Q3 25
0.2%
Q2 25
0.3%
Q1 25
1.0%
Q4 24
1.2%
Q3 24
1.1%
Q2 24
0.4%
Cash Conversion
SLM
SLM
TEAD
TEAD
Q1 26
Q4 25
-0.28×
Q3 25
-0.36×
Q2 25
-1.95×
Q1 25
-0.48×
Q4 24
0.04×
Q3 24
2.04×
Q2 24
-0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLM
SLM

Net Interest Income$375.0M67%
Noninterest Income$185.0M33%

TEAD
TEAD

Segment breakdown not available.

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