vs

Side-by-side financial comparison of SANUWAVE Health, Inc. (SNWV) and Zepp Health Corp (ZEPP). Click either name above to swap in a different company.

SANUWAVE Health, Inc. is the larger business by last-quarter revenue ($13.4M vs $10.5M, roughly 1.3× Zepp Health Corp). SANUWAVE Health, Inc. runs the higher net margin — 57.4% vs -2.1%, a 59.6% gap on every dollar of revenue. Over the past eight quarters, SANUWAVE Health, Inc.'s revenue compounded faster (53.5% CAGR vs -7.9%).

SANUWAVE Health, Inc. is a medical technology company specializing in non-invasive regenerative care solutions. It develops and commercializes shock wave therapy systems for treating chronic wounds, diabetic foot ulcers, and orthopedic conditions, serving healthcare providers and patients across North America, Europe, and key Asia-Pacific markets.

Zepp Health Corp is a global digital health and smart wearable technology company. It develops and sells fitness trackers, smartwatches, and AI-powered health monitoring tools, serving individual consumers, sports teams, and healthcare providers across Asia, North America, and Europe, with core focus on wellness tracking and remote health management solutions.

SNWV vs ZEPP — Head-to-Head

Bigger by revenue
SNWV
SNWV
1.3× larger
SNWV
$13.4M
$10.5M
ZEPP
Higher net margin
SNWV
SNWV
59.6% more per $
SNWV
57.4%
-2.1%
ZEPP
Faster 2-yr revenue CAGR
SNWV
SNWV
Annualised
SNWV
53.5%
-7.9%
ZEPP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SNWV
SNWV
ZEPP
ZEPP
Revenue
$13.4M
$10.5M
Net Profit
$7.7M
$-223.0K
Gross Margin
74.7%
38.2%
Operating Margin
15.0%
-1.2%
Net Margin
57.4%
-2.1%
Revenue YoY
30.3%
Net Profit YoY
157.8%
EPS (diluted)
$0.78
$-0.01

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
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$13.4M
Q3 25
$11.4M
$10.5M
Q2 25
$10.1M
$8.2M
Q1 25
$9.3M
$5.3M
Q4 24
$10.3M
Q3 24
$9.3M
$5.9M
Q2 24
$7.1M
$5.6M
Q1 24
$5.7M
$5.5M
Net Profit
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$7.7M
Q3 25
$9.7M
$-223.0K
Q2 25
$551.0K
$-1.1M
Q1 25
$-6.1M
$-2.7M
Q4 24
$-13.3M
Q3 24
$-21.2M
$-1.8M
Q2 24
$6.2M
$-1.5M
Q1 24
$-4.8M
$-2.0M
Gross Margin
SNWV
SNWV
ZEPP
ZEPP
Q4 25
74.7%
Q3 25
76.6%
38.2%
Q2 25
77.3%
36.2%
Q1 25
79.4%
37.3%
Q4 24
78.2%
Q3 24
76.1%
40.6%
Q2 24
74.0%
40.3%
Q1 24
73.9%
36.8%
Operating Margin
SNWV
SNWV
ZEPP
ZEPP
Q4 25
15.0%
Q3 25
7.9%
-1.2%
Q2 25
14.2%
-10.3%
Q1 25
6.5%
-47.7%
Q4 24
19.6%
Q3 24
16.0%
-29.5%
Q2 24
23.3%
-24.3%
Q1 24
-22.8%
-39.6%
Net Margin
SNWV
SNWV
ZEPP
ZEPP
Q4 25
57.4%
Q3 25
84.8%
-2.1%
Q2 25
5.4%
-13.0%
Q1 25
-65.8%
-51.2%
Q4 24
-129.5%
Q3 24
-227.8%
-31.2%
Q2 24
87.4%
-26.7%
Q1 24
-84.4%
-36.8%
EPS (diluted)
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$0.78
Q3 25
$0.39
$-0.01
Q2 25
$-0.04
$-0.07
Q1 25
$-0.72
$-0.17
Q4 24
$-0.76
Q3 24
$-6.65
$-0.01
Q2 24
$0.00
$-0.01
Q1 24
$0.00
$-0.01

Balance Sheet & Financial Strength

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

Metric
SNWV
SNWV
ZEPP
ZEPP
Cash + ST InvestmentsLiquidity on hand
$12.0M
$8.7M
Total DebtLower is stronger
$21.9M
$9.6M
Stockholders' EquityBook value
$1.6M
$31.2M
Total Assets
$37.3M
$80.9M
Debt / EquityLower = less leverage
13.52×
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$12.0M
Q3 25
$9.6M
$8.7M
Q2 25
$8.5M
$7.8M
Q1 25
$8.5M
$10.7M
Q4 24
$10.2M
Q3 24
$3.3M
$16.4M
Q2 24
$2.5M
$17.0M
Q1 24
$2.9M
$17.9M
Total Debt
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$21.9M
Q3 25
$23.3M
$9.6M
Q2 25
$9.7M
Q1 25
$9.6M
Q4 24
Q3 24
$5.7M
Q2 24
$7.3M
Q1 24
$11.2M
Stockholders' Equity
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$1.6M
Q3 25
$-7.6M
$31.2M
Q2 25
$-18.8M
$31.1M
Q1 25
$-20.8M
Q4 24
$-15.8M
Q3 24
$-60.3M
Q2 24
$-39.6M
$44.6M
Q1 24
$-47.6M
Total Assets
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$37.3M
Q3 25
$35.6M
$80.9M
Q2 25
$33.0M
$75.8M
Q1 25
$30.9M
$71.6M
Q4 24
$30.1M
Q3 24
$21.8M
$81.3M
Q2 24
$21.0M
$79.7M
Q1 24
$23.3M
$80.5M
Debt / Equity
SNWV
SNWV
ZEPP
ZEPP
Q4 25
13.52×
Q3 25
0.31×
Q2 25
0.31×
Q1 25
Q4 24
Q3 24
Q2 24
0.16×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
SNWV
SNWV
ZEPP
ZEPP
Operating Cash FlowLast quarter
$3.3M
Free Cash FlowOCF − Capex
$3.2M
FCF MarginFCF / Revenue
24.1%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$3.3M
Q3 25
$1.1M
Q2 25
$993.0K
Q1 25
$-1.5M
Q4 24
$741.0K
Q3 24
$1.3M
Q2 24
$-668.0K
Q1 24
$1.1M
Free Cash Flow
SNWV
SNWV
ZEPP
ZEPP
Q4 25
$3.2M
Q3 25
$556.0K
Q2 25
$-166.0K
Q1 25
$-1.7M
Q4 24
$505.0K
Q3 24
$1.2M
Q2 24
$-760.0K
Q1 24
$986.0K
FCF Margin
SNWV
SNWV
ZEPP
ZEPP
Q4 25
24.1%
Q3 25
4.9%
Q2 25
-1.6%
Q1 25
-18.1%
Q4 24
4.9%
Q3 24
13.3%
Q2 24
-10.7%
Q1 24
17.3%
Capex Intensity
SNWV
SNWV
ZEPP
ZEPP
Q4 25
0.7%
Q3 25
4.6%
Q2 25
11.4%
Q1 25
1.7%
Q4 24
2.3%
Q3 24
0.5%
Q2 24
1.3%
Q1 24
2.0%
Cash Conversion
SNWV
SNWV
ZEPP
ZEPP
Q4 25
0.43×
Q3 25
0.11×
Q2 25
1.80×
Q1 25
Q4 24
Q3 24
Q2 24
-0.11×
Q1 24

Financial Flow Comparison

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

Related Comparisons