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Side-by-side financial comparison of Simpson Manufacturing Co., Inc. (SSD) and TRUPANION, INC. (TRUP). Click either name above to swap in a different company.
Simpson Manufacturing Co., Inc. is the larger business by last-quarter revenue ($539.3M vs $376.9M, roughly 1.4× TRUPANION, INC.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 4.2%). Simpson Manufacturing Co., Inc. produced more free cash flow last quarter ($119.0M vs $25.3M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs 0.8%).
Simpson Manufacturing Company is a leading building materials manufacturer in the United States that produces structural connectors, fasteners, anchors, and products for new construction and retrofitting.
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
SSD vs TRUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $539.3M | $376.9M |
| Net Profit | $56.2M | — |
| Gross Margin | 43.4% | 17.3% |
| Operating Margin | 13.9% | 1.9% |
| Net Margin | 10.4% | — |
| Revenue YoY | 4.2% | 11.7% |
| Net Profit YoY | 1.4% | — |
| EPS (diluted) | $1.34 | $0.13 |
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 | $539.3M | $376.9M | ||
| Q3 25 | $623.5M | $366.9M | ||
| Q2 25 | $631.1M | $353.6M | ||
| Q1 25 | $538.9M | $342.0M | ||
| Q4 24 | $517.4M | $337.3M | ||
| Q3 24 | $587.2M | $327.5M | ||
| Q2 24 | $597.0M | $314.8M | ||
| Q1 24 | $530.6M | $306.1M |
| Q4 25 | $56.2M | — | ||
| Q3 25 | $107.4M | — | ||
| Q2 25 | $103.5M | — | ||
| Q1 25 | $77.9M | — | ||
| Q4 24 | $55.4M | — | ||
| Q3 24 | $93.5M | — | ||
| Q2 24 | $97.8M | — | ||
| Q1 24 | $75.4M | — |
| Q4 25 | 43.4% | 17.3% | ||
| Q3 25 | 46.4% | 16.4% | ||
| Q2 25 | 46.7% | 15.5% | ||
| Q1 25 | 46.8% | 14.9% | ||
| Q4 24 | 44.0% | 15.7% | ||
| Q3 24 | 46.8% | 15.1% | ||
| Q2 24 | 46.7% | 12.8% | ||
| Q1 24 | 46.1% | 11.8% |
| Q4 25 | 13.9% | 1.9% | ||
| Q3 25 | 22.6% | 1.6% | ||
| Q2 25 | 22.2% | 0.7% | ||
| Q1 25 | 19.0% | -0.4% | ||
| Q4 24 | 14.8% | 0.1% | ||
| Q3 24 | 21.3% | 0.5% | ||
| Q2 24 | 22.1% | -1.7% | ||
| Q1 24 | 18.1% | -2.0% |
| Q4 25 | 10.4% | — | ||
| Q3 25 | 17.2% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 14.5% | — | ||
| Q4 24 | 10.7% | — | ||
| Q3 24 | 15.9% | — | ||
| Q2 24 | 16.4% | — | ||
| Q1 24 | 14.2% | — |
| Q4 25 | $1.34 | $0.13 | ||
| Q3 25 | $2.58 | $0.13 | ||
| Q2 25 | $2.47 | $0.22 | ||
| Q1 25 | $1.85 | $-0.03 | ||
| Q4 24 | $1.31 | $0.04 | ||
| Q3 24 | $2.21 | $0.03 | ||
| Q2 24 | $2.31 | $-0.14 | ||
| Q1 24 | $1.77 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $384.1M | $370.7M |
| Total DebtLower is stronger | $300.0M | $101.8M |
| Stockholders' EquityBook value | $2.0B | $383.9M |
| Total Assets | $3.1B | $915.0M |
| Debt / EquityLower = less leverage | 0.15× | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $384.1M | $370.7M | ||
| Q3 25 | $297.3M | $348.5M | ||
| Q2 25 | $190.4M | $319.6M | ||
| Q1 25 | $150.3M | $321.8M | ||
| Q4 24 | $239.4M | $307.4M | ||
| Q3 24 | $339.4M | $293.1M | ||
| Q2 24 | $354.9M | $277.2M | ||
| Q1 24 | $369.1M | $275.2M |
| Q4 25 | $300.0M | $101.8M | ||
| Q3 25 | $371.3M | — | ||
| Q2 25 | $376.9M | — | ||
| Q1 25 | $382.5M | — | ||
| Q4 24 | $388.1M | $127.5M | ||
| Q3 24 | $393.8M | — | ||
| Q2 24 | $399.4M | — | ||
| Q1 24 | $405.0M | — |
| Q4 25 | $2.0B | $383.9M | ||
| Q3 25 | $2.0B | $368.6M | ||
| Q2 25 | $1.9B | $355.5M | ||
| Q1 25 | $1.9B | $333.7M | ||
| Q4 24 | $1.8B | $323.3M | ||
| Q3 24 | $1.9B | $320.2M | ||
| Q2 24 | $1.8B | $305.8M | ||
| Q1 24 | $1.7B | $303.4M |
| Q4 25 | $3.1B | $915.0M | ||
| Q3 25 | $3.0B | $880.2M | ||
| Q2 25 | $3.0B | $847.8M | ||
| Q1 25 | $2.8B | $837.2M | ||
| Q4 24 | $2.7B | $806.9M | ||
| Q3 24 | $2.9B | $816.1M | ||
| Q2 24 | $2.8B | $795.9M | ||
| Q1 24 | $2.7B | $789.5M |
| Q4 25 | 0.15× | 0.27× | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.21× | — | ||
| Q4 24 | 0.21× | 0.39× | ||
| Q3 24 | 0.21× | — | ||
| Q2 24 | 0.23× | — | ||
| Q1 24 | 0.23× | — |
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 | $155.7M | $29.3M |
| Free Cash FlowOCF − Capex | $119.0M | $25.3M |
| FCF MarginFCF / Revenue | 22.1% | 6.7% |
| Capex IntensityCapex / Revenue | 6.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | $297.6M | $75.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $155.7M | $29.3M | ||
| Q3 25 | $170.2M | $29.2M | ||
| Q2 25 | $125.2M | $15.0M | ||
| Q1 25 | $7.6M | $16.0M | ||
| Q4 24 | $115.8M | $23.7M | ||
| Q3 24 | $103.3M | $15.3M | ||
| Q2 24 | $111.1M | $6.9M | ||
| Q1 24 | $7.9M | $2.4M |
| Q4 25 | $119.0M | $25.3M | ||
| Q3 25 | $133.9M | $23.9M | ||
| Q2 25 | $87.3M | $12.0M | ||
| Q1 25 | $-42.6M | $14.0M | ||
| Q4 24 | $60.3M | $21.8M | ||
| Q3 24 | $58.1M | $13.4M | ||
| Q2 24 | $70.9M | $4.0M | ||
| Q1 24 | $-31.5M | $-631.0K |
| Q4 25 | 22.1% | 6.7% | ||
| Q3 25 | 21.5% | 6.5% | ||
| Q2 25 | 13.8% | 3.4% | ||
| Q1 25 | -7.9% | 4.1% | ||
| Q4 24 | 11.7% | 6.5% | ||
| Q3 24 | 9.9% | 4.1% | ||
| Q2 24 | 11.9% | 1.3% | ||
| Q1 24 | -5.9% | -0.2% |
| Q4 25 | 6.8% | 1.0% | ||
| Q3 25 | 5.8% | 1.4% | ||
| Q2 25 | 6.0% | 0.8% | ||
| Q1 25 | 9.3% | 0.6% | ||
| Q4 24 | 10.7% | 0.6% | ||
| Q3 24 | 7.7% | 0.6% | ||
| Q2 24 | 6.7% | 0.9% | ||
| Q1 24 | 7.4% | 1.0% |
| Q4 25 | 2.77× | — | ||
| Q3 25 | 1.58× | — | ||
| Q2 25 | 1.21× | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | 2.09× | — | ||
| Q3 24 | 1.10× | — | ||
| Q2 24 | 1.14× | — | ||
| Q1 24 | 0.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SSD
| Wood Construction | $352.0M | 65% |
| Other | $122.4M | 23% |
| Concrete Construction | $64.6M | 12% |
| Other Products | $318.0K | 0% |
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
