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Side-by-side financial comparison of Sanara MedTech Inc. (SMTI) and Stran & Company, Inc. (SWAG). Click either name above to swap in a different company.

Stran & Company, Inc. is the larger business by last-quarter revenue ($28.9M vs $27.5M, roughly 1.1× Sanara MedTech Inc.). Stran & Company, Inc. runs the higher net margin — 0.8% vs -5.9%, a 6.7% gap on every dollar of revenue. On growth, Stran & Company, Inc. posted the faster year-over-year revenue change (7.2% vs 4.6%). Sanara MedTech Inc. produced more free cash flow last quarter ($3.9M vs $38.0K). Over the past eight quarters, Stran & Company, Inc.'s revenue compounded faster (24.0% CAGR vs 21.8%).

Sanara MedTech Inc. is a US-based medical technology company that develops, manufactures, and distributes innovative surgical, wound care, and post-acute rehabilitation products. It mainly serves healthcare providers, hospitals, and long-term care facilities across North America, with a portfolio of FDA-cleared solutions designed to improve patient outcomes and lower clinical care operational costs.

Stran & Company, Inc. provides branded promotional products, custom merchandise and integrated marketing solutions for corporate clients. It serves customers across retail, healthcare, technology, education and other sectors, supporting brand campaigns, customer engagement and employee incentive programs.

SMTI vs SWAG — Head-to-Head

Bigger by revenue
SWAG
SWAG
1.1× larger
SWAG
$28.9M
$27.5M
SMTI
Growing faster (revenue YoY)
SWAG
SWAG
+2.6% gap
SWAG
7.2%
4.6%
SMTI
Higher net margin
SWAG
SWAG
6.7% more per $
SWAG
0.8%
-5.9%
SMTI
More free cash flow
SMTI
SMTI
$3.8M more FCF
SMTI
$3.9M
$38.0K
SWAG
Faster 2-yr revenue CAGR
SWAG
SWAG
Annualised
SWAG
24.0%
21.8%
SMTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SMTI
SMTI
SWAG
SWAG
Revenue
$27.5M
$28.9M
Net Profit
$-1.6M
$243.0K
Gross Margin
93.2%
30.4%
Operating Margin
23.5%
-0.1%
Net Margin
-5.9%
0.8%
Revenue YoY
4.6%
7.2%
Net Profit YoY
5.3%
141.5%
EPS (diluted)
$-0.32
$0.02

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
SMTI
SMTI
SWAG
SWAG
Q4 25
$27.5M
$28.9M
Q3 25
$26.3M
$26.0M
Q2 25
$25.8M
$32.6M
Q1 25
$23.4M
$28.7M
Q4 24
$26.3M
$27.0M
Q3 24
$21.7M
$20.1M
Q2 24
$20.2M
$16.7M
Q1 24
$18.5M
$18.8M
Net Profit
SMTI
SMTI
SWAG
SWAG
Q4 25
$-1.6M
$243.0K
Q3 25
$-30.4M
$-1.2M
Q2 25
$-2.0M
$643.0K
Q1 25
$-3.5M
$-393.0K
Q4 24
$-1.7M
$-586.0K
Q3 24
$-2.9M
$-2.0M
Q2 24
$-3.5M
$-1.0M
Q1 24
$-1.8M
$-491.0K
Gross Margin
SMTI
SMTI
SWAG
SWAG
Q4 25
93.2%
30.4%
Q3 25
92.9%
27.2%
Q2 25
92.5%
30.3%
Q1 25
92.2%
29.6%
Q4 24
91.4%
32.5%
Q3 24
90.8%
29.5%
Q2 24
90.0%
32.8%
Q1 24
89.8%
29.8%
Operating Margin
SMTI
SMTI
SWAG
SWAG
Q4 25
23.5%
-0.1%
Q3 25
11.2%
-6.9%
Q2 25
-0.1%
1.2%
Q1 25
-8.9%
-1.9%
Q4 24
18.6%
-3.5%
Q3 24
3.6%
-10.8%
Q2 24
-14.3%
-6.6%
Q1 24
-8.3%
-3.5%
Net Margin
SMTI
SMTI
SWAG
SWAG
Q4 25
-5.9%
0.8%
Q3 25
-115.5%
-4.8%
Q2 25
-7.8%
2.0%
Q1 25
-15.1%
-1.4%
Q4 24
-6.5%
-2.2%
Q3 24
-13.2%
-10.1%
Q2 24
-17.4%
-6.1%
Q1 24
-9.5%
-2.6%
EPS (diluted)
SMTI
SMTI
SWAG
SWAG
Q4 25
$-0.32
$0.02
Q3 25
$-3.40
$-0.07
Q2 25
$-0.23
$0.03
Q1 25
$-0.41
$-0.02
Q4 24
$-0.18
$-0.02
Q3 24
$-0.34
$-0.11
Q2 24
$-0.41
$-0.06
Q1 24
$-0.21
$-0.03

Balance Sheet & Financial Strength

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

Metric
SMTI
SMTI
SWAG
SWAG
Cash + ST InvestmentsLiquidity on hand
$16.6M
$11.6M
Total DebtLower is stronger
$46.0M
Stockholders' EquityBook value
$5.9M
$30.5M
Total Assets
$72.9M
$49.3M
Debt / EquityLower = less leverage
7.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMTI
SMTI
SWAG
SWAG
Q4 25
$16.6M
$11.6M
Q3 25
$14.9M
$11.8M
Q2 25
$17.0M
$18.1M
Q1 25
$20.7M
$12.2M
Q4 24
$15.9M
$18.2M
Q3 24
$16.3M
$6.9M
Q2 24
$6.2M
$9.6M
Q1 24
$2.8M
$10.7M
Total Debt
SMTI
SMTI
SWAG
SWAG
Q4 25
$46.0M
Q3 25
$45.1M
Q2 25
$44.2M
Q1 25
$43.4M
Q4 24
$30.7M
Q3 24
$30.1M
Q2 24
$14.4M
Q1 24
$9.7M
Stockholders' Equity
SMTI
SMTI
SWAG
SWAG
Q4 25
$5.9M
$30.5M
Q3 25
$6.1M
$30.2M
Q2 25
$35.4M
$31.8M
Q1 25
$36.7M
$31.3M
Q4 24
$39.4M
$31.6M
Q3 24
$39.8M
$32.3M
Q2 24
$41.7M
$34.3M
Q1 24
$43.3M
$35.2M
Total Assets
SMTI
SMTI
SWAG
SWAG
Q4 25
$72.9M
$49.3M
Q3 25
$71.1M
$50.3M
Q2 25
$98.8M
$61.2M
Q1 25
$96.4M
$52.2M
Q4 24
$88.1M
$55.1M
Q3 24
$88.5M
$48.8M
Q2 24
$73.4M
$46.6M
Q1 24
$70.9M
$47.9M
Debt / Equity
SMTI
SMTI
SWAG
SWAG
Q4 25
7.74×
Q3 25
7.33×
Q2 25
1.25×
Q1 25
1.18×
Q4 24
0.78×
Q3 24
0.76×
Q2 24
0.34×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
SMTI
SMTI
SWAG
SWAG
Operating Cash FlowLast quarter
$3.9M
$161.0K
Free Cash FlowOCF − Capex
$3.9M
$38.0K
FCF MarginFCF / Revenue
14.0%
0.1%
Capex IntensityCapex / Revenue
0.3%
0.4%
Cash ConversionOCF / Net Profit
0.66×
TTM Free Cash FlowTrailing 4 quarters
$2.2M
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMTI
SMTI
SWAG
SWAG
Q4 25
$3.9M
$161.0K
Q3 25
$2.2M
$-5.4M
Q2 25
$2.7M
$6.4M
Q1 25
$-2.0M
$-5.9M
Q4 24
$932.0K
$1.3M
Q3 24
$2.1M
$-2.7M
Q2 24
$-1.4M
$2.1M
Q1 24
$-1.6M
$2.1M
Free Cash Flow
SMTI
SMTI
SWAG
SWAG
Q4 25
$3.9M
$38.0K
Q3 25
$1.1M
$-5.9M
Q2 25
$902.7K
$6.3M
Q1 25
$-3.7M
$-6.0M
Q4 24
$859.9K
$1.2M
Q3 24
$2.0M
$-2.9M
Q2 24
$-1.5M
$1.9M
Q1 24
$-1.7M
$1.9M
FCF Margin
SMTI
SMTI
SWAG
SWAG
Q4 25
14.0%
0.1%
Q3 25
4.2%
-22.6%
Q2 25
3.5%
19.5%
Q1 25
-15.9%
-21.0%
Q4 24
3.3%
4.6%
Q3 24
9.4%
-14.3%
Q2 24
-7.3%
11.6%
Q1 24
-9.0%
9.9%
Capex Intensity
SMTI
SMTI
SWAG
SWAG
Q4 25
0.3%
0.4%
Q3 25
4.0%
1.9%
Q2 25
6.8%
0.2%
Q1 25
7.4%
0.4%
Q4 24
0.3%
0.3%
Q3 24
0.0%
0.7%
Q2 24
0.3%
1.1%
Q1 24
0.4%
1.0%
Cash Conversion
SMTI
SMTI
SWAG
SWAG
Q4 25
0.66×
Q3 25
Q2 25
9.99×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SMTI
SMTI

Soft Tissue Repair Products$24.7M90%
Bone Fusion Products$2.8M10%

SWAG
SWAG

Promotional Products Dropshipping$11.2M39%
Casino Continuity Program$6.9M24%
Promotional Products Company Owned Inventory$4.6M16%
Promotional Products Bulk Dropshipping$3.8M13%
Promotional Products Thirdparty Distributor$1.8M6%
Other$610.0K2%

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