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Side-by-side financial comparison of Smart Sand, Inc. (SND) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $86.0M, roughly 1.2× Smart Sand, Inc.). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs 1.4%, a 8.9% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -5.8%). Smart Sand, Inc. produced more free cash flow last quarter ($20.4M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 1.8%).
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
SND vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.0M | $103.6M |
| Net Profit | $1.2M | $10.6M |
| Gross Margin | 13.0% | 78.2% |
| Operating Margin | -3.1% | 18.1% |
| Net Margin | 1.4% | 10.3% |
| Revenue YoY | -5.8% | 21.0% |
| Net Profit YoY | -68.5% | 9.4% |
| EPS (diluted) | $0.03 | $0.45 |
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 | $86.0M | $103.6M | ||
| Q3 25 | $92.8M | $85.8M | ||
| Q2 25 | $85.8M | $78.9M | ||
| Q1 25 | $65.6M | $61.3M | ||
| Q4 24 | $91.4M | $85.6M | ||
| Q3 24 | $63.2M | $73.1M | ||
| Q2 24 | $73.8M | $73.2M | ||
| Q1 24 | $83.1M | $61.1M |
| Q4 25 | $1.2M | $10.6M | ||
| Q3 25 | $3.0M | $8.2M | ||
| Q2 25 | $21.4M | $3.2M | ||
| Q1 25 | $-24.2M | $-3.0M | ||
| Q4 24 | $3.7M | $9.7M | ||
| Q3 24 | $-98.0K | $5.2M | ||
| Q2 24 | $-430.0K | $4.3M | ||
| Q1 24 | $-216.0K | $-2.2M |
| Q4 25 | 13.0% | 78.2% | ||
| Q3 25 | 16.1% | 75.8% | ||
| Q2 25 | 10.4% | 74.5% | ||
| Q1 25 | 4.2% | 74.0% | ||
| Q4 24 | 14.7% | 75.2% | ||
| Q3 24 | 10.3% | 75.0% | ||
| Q2 24 | 17.7% | 73.9% | ||
| Q1 24 | 14.2% | 71.1% |
| Q4 25 | -3.1% | 18.1% | ||
| Q3 25 | 5.8% | 12.8% | ||
| Q2 25 | -0.1% | 5.2% | ||
| Q1 25 | -10.8% | -7.4% | ||
| Q4 24 | 3.9% | 14.6% | ||
| Q3 24 | -7.8% | 9.3% | ||
| Q2 24 | 4.8% | 8.0% | ||
| Q1 24 | 0.9% | -4.9% |
| Q4 25 | 1.4% | 10.3% | ||
| Q3 25 | 3.2% | 9.6% | ||
| Q2 25 | 24.9% | 4.1% | ||
| Q1 25 | -37.0% | -4.9% | ||
| Q4 24 | 4.1% | 11.4% | ||
| Q3 24 | -0.2% | 7.1% | ||
| Q2 24 | -0.6% | 5.9% | ||
| Q1 24 | -0.3% | -3.6% |
| Q4 25 | $0.03 | $0.45 | ||
| Q3 25 | $0.08 | $0.36 | ||
| Q2 25 | $0.54 | $0.14 | ||
| Q1 25 | $-0.62 | $-0.13 | ||
| Q4 24 | $0.10 | $0.40 | ||
| Q3 24 | $0.00 | $0.21 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| Q1 24 | $-0.01 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.6M | $83.4M |
| Total DebtLower is stronger | $15.0M | $0 |
| Stockholders' EquityBook value | $239.7M | $218.9M |
| Total Assets | $340.0M | $273.9M |
| Debt / EquityLower = less leverage | 0.06× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.6M | $83.4M | ||
| Q3 25 | $5.1M | $66.0M | ||
| Q2 25 | $4.3M | $81.5M | ||
| Q1 25 | $5.1M | $83.6M | ||
| Q4 24 | $1.6M | $94.4M | ||
| Q3 24 | $7.2M | $82.1M | ||
| Q2 24 | $6.3M | $73.6M | ||
| Q1 24 | $4.6M | $60.7M |
| Q4 25 | $15.0M | $0 | ||
| Q3 25 | $14.3M | $0 | ||
| Q2 25 | $23.5M | — | ||
| Q1 25 | $13.7M | — | ||
| Q4 24 | $14.7M | — | ||
| Q3 24 | $15.7M | $27.0M | ||
| Q2 24 | $17.1M | $27.8M | ||
| Q1 24 | $25.5M | $28.5M |
| Q4 25 | $239.7M | $218.9M | ||
| Q3 25 | $239.9M | $204.9M | ||
| Q2 25 | $240.5M | $194.9M | ||
| Q1 25 | $219.9M | $205.6M | ||
| Q4 24 | $243.8M | $216.6M | ||
| Q3 24 | $243.6M | $207.9M | ||
| Q2 24 | $242.9M | $200.7M | ||
| Q1 24 | $242.5M | $193.5M |
| Q4 25 | $340.0M | $273.9M | ||
| Q3 25 | $343.1M | $259.2M | ||
| Q2 25 | $345.8M | $273.0M | ||
| Q1 25 | $326.9M | $280.2M | ||
| Q4 24 | $341.5M | $297.9M | ||
| Q3 24 | $335.8M | $287.7M | ||
| Q2 24 | $341.8M | $278.8M | ||
| Q1 24 | $349.3M | $272.0M |
| Q4 25 | 0.06× | 0.00× | ||
| Q3 25 | 0.06× | 0.00× | ||
| Q2 25 | 0.10× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.06× | 0.13× | ||
| Q2 24 | 0.07× | 0.14× | ||
| Q1 24 | 0.11× | 0.15× |
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 | $22.4M | $17.3M |
| Free Cash FlowOCF − Capex | $20.4M | $16.8M |
| FCF MarginFCF / Revenue | 23.7% | 16.2% |
| Capex IntensityCapex / Revenue | 2.3% | 0.5% |
| Cash ConversionOCF / Net Profit | 18.99× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $32.5M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $17.3M | ||
| Q3 25 | $18.2M | $10.3M | ||
| Q2 25 | $-5.1M | $14.8M | ||
| Q1 25 | $8.7M | $417.0K | ||
| Q4 24 | $1.0M | $16.3M | ||
| Q3 24 | $5.8M | $10.3M | ||
| Q2 24 | $14.9M | $13.1M | ||
| Q1 24 | $-3.9M | $924.0K |
| Q4 25 | $20.4M | $16.8M | ||
| Q3 25 | $14.8M | $9.2M | ||
| Q2 25 | $-7.8M | $14.4M | ||
| Q1 25 | $5.2M | $38.0K | ||
| Q4 24 | $-840.0K | $15.9M | ||
| Q3 24 | $3.7M | $9.3M | ||
| Q2 24 | $13.5M | $12.6M | ||
| Q1 24 | $-5.5M | $442.0K |
| Q4 25 | 23.7% | 16.2% | ||
| Q3 25 | 15.9% | 10.8% | ||
| Q2 25 | -9.1% | 18.2% | ||
| Q1 25 | 7.9% | 0.1% | ||
| Q4 24 | -0.9% | 18.5% | ||
| Q3 24 | 5.8% | 12.7% | ||
| Q2 24 | 18.3% | 17.3% | ||
| Q1 24 | -6.6% | 0.7% |
| Q4 25 | 2.3% | 0.5% | ||
| Q3 25 | 3.6% | 1.3% | ||
| Q2 25 | 3.1% | 0.5% | ||
| Q1 25 | 5.4% | 0.6% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 3.4% | 1.3% | ||
| Q2 24 | 1.8% | 0.7% | ||
| Q1 24 | 2.0% | 0.8% |
| Q4 25 | 18.99× | 1.63× | ||
| Q3 25 | 6.05× | 1.26× | ||
| Q2 25 | -0.24× | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.28× | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
