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Side-by-side financial comparison of STRATASYS LTD. (SSYS) and Tilray Brands, Inc. (TLRY). Click either name above to swap in a different company.

Tilray Brands, Inc. is the larger business by last-quarter revenue ($217.5M vs $137.0M, roughly 1.6× STRATASYS LTD.). Tilray Brands, Inc. runs the higher net margin — -20.7% vs -40.6%, a 20.0% gap on every dollar of revenue. On growth, Tilray Brands, Inc. posted the faster year-over-year revenue change (3.1% vs -2.2%). Over the past eight quarters, Tilray Brands, Inc.'s revenue compounded faster (7.5% CAGR vs -7.4%).

Stratasys, Ltd. is an American-Israeli manufacturer of 3D printers, software, and materials for polymer additive manufacturing as well as 3D-printed parts on-demand. The company is incorporated in Israel. Engineers use Stratasys systems to model complex geometries in a wide range of polymer materials, including: ABS, polyphenylsulfone (PPSF), polycarbonate (PC), polyetherimide and Nylon 12.

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

SSYS vs TLRY — Head-to-Head

Bigger by revenue
TLRY
TLRY
1.6× larger
TLRY
$217.5M
$137.0M
SSYS
Growing faster (revenue YoY)
TLRY
TLRY
+5.3% gap
TLRY
3.1%
-2.2%
SSYS
Higher net margin
TLRY
TLRY
20.0% more per $
TLRY
-20.7%
-40.6%
SSYS
Faster 2-yr revenue CAGR
TLRY
TLRY
Annualised
TLRY
7.5%
-7.4%
SSYS

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
SSYS
SSYS
TLRY
TLRY
Revenue
$137.0M
$217.5M
Net Profit
$-55.6M
$-44.9M
Gross Margin
41.0%
26.4%
Operating Margin
-16.6%
-10.2%
Net Margin
-40.6%
-20.7%
Revenue YoY
-2.2%
3.1%
Net Profit YoY
-109.0%
47.4%
EPS (diluted)
$-0.41

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
SSYS
SSYS
TLRY
TLRY
Q4 25
$217.5M
Q3 25
$137.0M
$209.5M
Q2 25
$138.1M
$224.5M
Q1 25
$136.0M
$185.8M
Q4 24
$210.9M
Q3 24
$140.0M
$200.0M
Q2 24
$138.0M
$229.9M
Q1 24
$144.1M
$188.3M
Net Profit
SSYS
SSYS
TLRY
TLRY
Q4 25
$-44.9M
Q3 25
$-55.6M
$-322.0K
Q2 25
$-16.7M
$-1.3B
Q1 25
$-13.1M
$-789.4M
Q4 24
$-85.3M
Q3 24
$-26.6M
$-39.2M
Q2 24
$-25.7M
$-31.7M
Q1 24
$-26.0M
$-92.7M
Gross Margin
SSYS
SSYS
TLRY
TLRY
Q4 25
26.4%
Q3 25
41.0%
27.4%
Q2 25
43.1%
30.1%
Q1 25
44.3%
28.0%
Q4 24
29.0%
Q3 24
44.8%
29.8%
Q2 24
43.8%
35.8%
Q1 24
44.4%
26.2%
Operating Margin
SSYS
SSYS
TLRY
TLRY
Q4 25
-10.2%
Q3 25
-16.6%
1.0%
Q2 25
-12.0%
-643.1%
Q1 25
-9.1%
-409.0%
Q4 24
-20.0%
Q3 24
-18.2%
-18.3%
Q2 24
-18.9%
-7.2%
Q1 24
-17.0%
-43.6%
Net Margin
SSYS
SSYS
TLRY
TLRY
Q4 25
-20.7%
Q3 25
-40.6%
-0.2%
Q2 25
-12.1%
-566.9%
Q1 25
-9.6%
-424.9%
Q4 24
-40.5%
Q3 24
-19.0%
-19.6%
Q2 24
-18.6%
-13.8%
Q1 24
-18.0%
-49.2%
EPS (diluted)
SSYS
SSYS
TLRY
TLRY
Q4 25
$-0.41
Q3 25
$0.00
Q2 25
$7.26
Q1 25
$-8.69
Q4 24
$-0.99
Q3 24
$-0.04
Q2 24
$-0.04
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
SSYS
SSYS
TLRY
TLRY
Cash + ST InvestmentsLiquidity on hand
$71.5M
$291.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$852.5M
$1.6B
Total Assets
$1.1B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SSYS
SSYS
TLRY
TLRY
Q4 25
$291.6M
Q3 25
$71.5M
$264.8M
Q2 25
$71.1M
$256.4M
Q1 25
$70.1M
Q4 24
$252.2M
Q3 24
$64.0M
$280.1M
Q2 24
$70.9M
$260.5M
Q1 24
$91.1M
$225.9M
Stockholders' Equity
SSYS
SSYS
TLRY
TLRY
Q4 25
$1.6B
Q3 25
$852.5M
$1.5B
Q2 25
$902.4M
$1.5B
Q1 25
$784.8M
$2.7B
Q4 24
$3.5B
Q3 24
$831.8M
$3.5B
Q2 24
$850.5M
$3.4B
Q1 24
$866.1M
$3.4B
Total Assets
SSYS
SSYS
TLRY
TLRY
Q4 25
$2.1B
Q3 25
$1.1B
$2.1B
Q2 25
$1.1B
$2.1B
Q1 25
$1.0B
Q4 24
$4.2B
Q3 24
$1.1B
$4.3B
Q2 24
$1.1B
$4.2B
Q1 24
$1.1B
$4.2B

Cash Flow & Capital Efficiency

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

Metric
SSYS
SSYS
TLRY
TLRY
Operating Cash FlowLast quarter
$6.9M
$-8.5M
Free Cash FlowOCF − Capex
$2.5M
FCF MarginFCF / Revenue
1.8%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SSYS
SSYS
TLRY
TLRY
Q4 25
$-8.5M
Q3 25
$6.9M
$-1.3M
Q2 25
$-1.1M
$-12.8M
Q1 25
$4.5M
$-5.8M
Q4 24
$-40.7M
Q3 24
$-4.5M
$-35.3M
Q2 24
$-2.4M
$30.7M
Q1 24
$7.3M
$-15.4M
Free Cash Flow
SSYS
SSYS
TLRY
TLRY
Q4 25
Q3 25
$2.5M
Q2 25
$-8.4M
$-19.1M
Q1 25
$789.0K
$-20.2M
Q4 24
$-46.2M
Q3 24
$-6.3M
$-42.0M
Q2 24
$-4.9M
$21.0M
Q1 24
$5.0M
$-24.9M
FCF Margin
SSYS
SSYS
TLRY
TLRY
Q4 25
Q3 25
1.8%
Q2 25
-6.1%
-8.5%
Q1 25
0.6%
-10.9%
Q4 24
-21.9%
Q3 24
-4.5%
-21.0%
Q2 24
-3.6%
9.1%
Q1 24
3.5%
-13.2%
Capex Intensity
SSYS
SSYS
TLRY
TLRY
Q4 25
Q3 25
3.2%
Q2 25
5.3%
2.8%
Q1 25
2.8%
7.8%
Q4 24
2.6%
Q3 24
1.3%
3.4%
Q2 24
1.8%
4.2%
Q1 24
1.6%
5.1%

Financial Flow Comparison

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

Revenue Breakdown by Segment

SSYS
SSYS

Segment breakdown not available.

TLRY
TLRY

Adultuse Cannabis Products$62.4M29%
Other$59.2M27%
Beverage Alcohol Business$53.6M25%
International Cannabis Products$20.2M9%
Wellness Business$14.6M7%
Medical Cannabis Products$6.2M3%
Wholesale Cannabis Products$1.3M1%

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