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Side-by-side financial comparison of Spire Global, Inc. (SPIR) and UTAH MEDICAL PRODUCTS INC (UTMD). Click either name above to swap in a different company.

Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $9.0M, roughly 1.7× UTAH MEDICAL PRODUCTS INC). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs -176.6%, a 205.0% gap on every dollar of revenue. On growth, UTAH MEDICAL PRODUCTS INC posted the faster year-over-year revenue change (-1.2% vs -26.9%). UTAH MEDICAL PRODUCTS INC produced more free cash flow last quarter ($3.4M vs $-16.2M). Over the past eight quarters, UTAH MEDICAL PRODUCTS INC's revenue compounded faster (-10.7% CAGR vs -32.6%).

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

SPIR vs UTMD — Head-to-Head

Bigger by revenue
SPIR
SPIR
1.7× larger
SPIR
$15.8M
$9.0M
UTMD
Growing faster (revenue YoY)
UTMD
UTMD
+25.7% gap
UTMD
-1.2%
-26.9%
SPIR
Higher net margin
UTMD
UTMD
205.0% more per $
UTMD
28.4%
-176.6%
SPIR
More free cash flow
UTMD
UTMD
$19.5M more FCF
UTMD
$3.4M
$-16.2M
SPIR
Faster 2-yr revenue CAGR
UTMD
UTMD
Annualised
UTMD
-10.7%
-32.6%
SPIR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SPIR
SPIR
UTMD
UTMD
Revenue
$15.8M
$9.0M
Net Profit
$-28.0M
$2.6M
Gross Margin
40.2%
58.2%
Operating Margin
-164.1%
27.0%
Net Margin
-176.6%
28.4%
Revenue YoY
-26.9%
-1.2%
Net Profit YoY
42.7%
-11.6%
EPS (diluted)
$-0.85
$0.80

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
SPIR
SPIR
UTMD
UTMD
Q4 25
$15.8M
$9.0M
Q3 25
$12.7M
$9.8M
Q2 25
$19.2M
$10.0M
Q1 25
$23.9M
$9.7M
Q4 24
$21.7M
$9.2M
Q3 24
$28.6M
$10.0M
Q2 24
$25.4M
$10.4M
Q1 24
$34.8M
$11.3M
Net Profit
SPIR
SPIR
UTMD
UTMD
Q4 25
$-28.0M
$2.6M
Q3 25
$-19.7M
$2.6M
Q2 25
$119.6M
$3.0M
Q1 25
$-20.7M
$3.0M
Q4 24
$-48.8M
$2.9M
Q3 24
$-12.5M
$3.6M
Q2 24
$-16.6M
$3.5M
Q1 24
$-25.5M
$4.0M
Gross Margin
SPIR
SPIR
UTMD
UTMD
Q4 25
40.2%
58.2%
Q3 25
36.6%
57.1%
Q2 25
48.9%
56.2%
Q1 25
36.8%
57.0%
Q4 24
32.4%
58.1%
Q3 24
44.5%
58.0%
Q2 24
43.0%
60.1%
Q1 24
26.5%
59.7%
Operating Margin
SPIR
SPIR
UTMD
UTMD
Q4 25
-164.1%
27.0%
Q3 25
-166.1%
26.6%
Q2 25
-122.7%
32.1%
Q1 25
-106.5%
32.5%
Q4 24
-144.1%
32.0%
Q3 24
-48.0%
33.4%
Q2 24
-48.6%
33.1%
Q1 24
-34.4%
34.2%
Net Margin
SPIR
SPIR
UTMD
UTMD
Q4 25
-176.6%
28.4%
Q3 25
-155.3%
26.8%
Q2 25
623.4%
30.6%
Q1 25
-86.5%
31.3%
Q4 24
-225.2%
31.7%
Q3 24
-43.7%
35.6%
Q2 24
-65.2%
33.2%
Q1 24
-73.3%
34.9%
EPS (diluted)
SPIR
SPIR
UTMD
UTMD
Q4 25
$-0.85
$0.80
Q3 25
$-0.61
$0.82
Q2 25
$3.72
$0.94
Q1 25
$-0.77
$0.92
Q4 24
$-1.93
$0.86
Q3 24
$-0.50
$1.03
Q2 24
$-0.68
$0.98
Q1 24
$-1.17
$1.09

Balance Sheet & Financial Strength

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

Metric
SPIR
SPIR
UTMD
UTMD
Cash + ST InvestmentsLiquidity on hand
$81.8M
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$112.9M
$119.3M
Total Assets
$211.0M
$122.5M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPIR
SPIR
UTMD
UTMD
Q4 25
$81.8M
$85.8M
Q3 25
$96.8M
$84.3M
Q2 25
$117.6M
$82.2M
Q1 25
$35.9M
$83.3M
Q4 24
$19.2M
$83.0M
Q3 24
$36.6M
$88.5M
Q2 24
$45.8M
$89.2M
Q1 24
$63.7M
$93.8M
Total Debt
SPIR
SPIR
UTMD
UTMD
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$103.7M
$269.0K
Q4 24
$103.1M
$282.0K
Q3 24
$4.9M
Q2 24
$4.9M
Q1 24
$123.1M
Stockholders' Equity
SPIR
SPIR
UTMD
UTMD
Q4 25
$112.9M
$119.3M
Q3 25
$133.1M
$118.3M
Q2 25
$149.2M
$117.5M
Q1 25
$3.7M
$117.0M
Q4 24
$-11.7M
$117.4M
Q3 24
$30.8M
$124.2M
Q2 24
$40.3M
$124.1M
Q1 24
$52.5M
$127.7M
Total Assets
SPIR
SPIR
UTMD
UTMD
Q4 25
$211.0M
$122.5M
Q3 25
$224.3M
$122.0M
Q2 25
$239.5M
$120.8M
Q1 25
$208.8M
$122.5M
Q4 24
$193.6M
$122.5M
Q3 24
$224.2M
$129.7M
Q2 24
$230.8M
$130.0M
Q1 24
$252.3M
$135.4M
Debt / Equity
SPIR
SPIR
UTMD
UTMD
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
27.92×
0.00×
Q4 24
0.00×
Q3 24
0.16×
Q2 24
0.12×
Q1 24
2.35×

Cash Flow & Capital Efficiency

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

Metric
SPIR
SPIR
UTMD
UTMD
Operating Cash FlowLast quarter
$-4.3M
$3.5M
Free Cash FlowOCF − Capex
$-16.2M
$3.4M
FCF MarginFCF / Revenue
-102.1%
37.2%
Capex IntensityCapex / Revenue
75.1%
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$-92.6M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPIR
SPIR
UTMD
UTMD
Q4 25
$-4.3M
$3.5M
Q3 25
$-12.0M
$3.9M
Q2 25
$-35.1M
$2.9M
Q1 25
$-8.4M
$4.5M
Q4 24
$-19.2M
$2.9M
Q3 24
$14.0M
$3.9M
Q2 24
$-4.4M
$2.8M
Q1 24
$-8.8M
$5.3M
Free Cash Flow
SPIR
SPIR
UTMD
UTMD
Q4 25
$-16.2M
$3.4M
Q3 25
$-20.4M
$3.9M
Q2 25
$-38.7M
$2.8M
Q1 25
$-17.3M
$4.3M
Q4 24
$-24.3M
$2.9M
Q3 24
$5.1M
$3.8M
Q2 24
$-9.9M
$2.7M
Q1 24
$-15.9M
$5.3M
FCF Margin
SPIR
SPIR
UTMD
UTMD
Q4 25
-102.1%
37.2%
Q3 25
-161.3%
39.2%
Q2 25
-201.7%
28.4%
Q1 25
-72.6%
44.1%
Q4 24
-112.2%
32.0%
Q3 24
17.8%
37.7%
Q2 24
-39.0%
25.5%
Q1 24
-45.7%
46.3%
Capex Intensity
SPIR
SPIR
UTMD
UTMD
Q4 25
75.1%
1.2%
Q3 25
66.2%
0.3%
Q2 25
18.8%
0.5%
Q1 25
37.3%
1.9%
Q4 24
23.5%
0.1%
Q3 24
31.2%
0.9%
Q2 24
21.8%
1.1%
Q1 24
20.3%
0.2%
Cash Conversion
SPIR
SPIR
UTMD
UTMD
Q4 25
1.36×
Q3 25
1.47×
Q2 25
-0.29×
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

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