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Side-by-side financial comparison of Neuronetics, Inc. (STIM) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.

Neuronetics, Inc. is the larger business by last-quarter revenue ($41.8M vs $26.9M, roughly 1.6× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs -17.2%, a 56.5% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 16.6%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $692.0K). Over the past eight quarters, Neuronetics, Inc.'s revenue compounded faster (54.9% CAGR vs 17.3%).

Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology. 

West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.

STIM vs WTBA — Head-to-Head

Bigger by revenue
STIM
STIM
1.6× larger
STIM
$41.8M
$26.9M
WTBA
Growing faster (revenue YoY)
STIM
STIM
+69.1% gap
STIM
85.7%
16.6%
WTBA
Higher net margin
WTBA
WTBA
56.5% more per $
WTBA
39.2%
-17.2%
STIM
More free cash flow
WTBA
WTBA
$11.7M more FCF
WTBA
$12.4M
$692.0K
STIM
Faster 2-yr revenue CAGR
STIM
STIM
Annualised
STIM
54.9%
17.3%
WTBA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
STIM
STIM
WTBA
WTBA
Revenue
$41.8M
$26.9M
Net Profit
$-7.2M
$10.6M
Gross Margin
52.0%
Operating Margin
-12.1%
50.0%
Net Margin
-17.2%
39.2%
Revenue YoY
85.7%
16.6%
Net Profit YoY
43.2%
34.8%
EPS (diluted)
$-0.10
$0.61

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
STIM
STIM
WTBA
WTBA
Q1 26
$26.9M
Q4 25
$41.8M
$24.2M
Q3 25
$37.3M
$25.0M
Q2 25
$38.1M
$23.8M
Q1 25
$32.0M
$23.1M
Q4 24
$22.5M
$20.9M
Q3 24
$18.5M
$20.3M
Q2 24
$16.4M
$19.6M
Net Profit
STIM
STIM
WTBA
WTBA
Q1 26
$10.6M
Q4 25
$-7.2M
$7.4M
Q3 25
$-9.0M
$9.3M
Q2 25
$-10.1M
$8.0M
Q1 25
$-12.7M
$7.8M
Q4 24
$-12.7M
$7.1M
Q3 24
$-13.3M
$6.0M
Q2 24
$-9.8M
$5.2M
Gross Margin
STIM
STIM
WTBA
WTBA
Q1 26
Q4 25
52.0%
Q3 25
45.9%
Q2 25
46.6%
Q1 25
49.2%
Q4 24
66.2%
Q3 24
75.6%
Q2 24
74.0%
Operating Margin
STIM
STIM
WTBA
WTBA
Q1 26
50.0%
Q4 25
-12.1%
39.6%
Q3 25
-19.6%
45.8%
Q2 25
-21.1%
43.4%
Q1 25
-34.4%
43.4%
Q4 24
-51.0%
30.9%
Q3 24
-41.7%
36.6%
Q2 24
-51.7%
32.6%
Net Margin
STIM
STIM
WTBA
WTBA
Q1 26
39.2%
Q4 25
-17.2%
30.7%
Q3 25
-24.3%
37.3%
Q2 25
-26.6%
33.5%
Q1 25
-39.6%
34.0%
Q4 24
-56.4%
34.0%
Q3 24
-72.0%
29.3%
Q2 24
-59.8%
26.5%
EPS (diluted)
STIM
STIM
WTBA
WTBA
Q1 26
$0.61
Q4 25
$-0.10
$0.44
Q3 25
$-0.13
$0.55
Q2 25
$-0.15
$0.47
Q1 25
$-0.21
$0.46
Q4 24
$-0.34
$0.41
Q3 24
$-0.44
$0.35
Q2 24
$-0.33
$0.31

Balance Sheet & Financial Strength

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

Metric
STIM
STIM
WTBA
WTBA
Cash + ST InvestmentsLiquidity on hand
$28.1M
$362.0M
Total DebtLower is stronger
$65.8M
Stockholders' EquityBook value
$22.4M
$270.7M
Total Assets
$141.6M
$4.0B
Debt / EquityLower = less leverage
2.94×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STIM
STIM
WTBA
WTBA
Q1 26
$362.0M
Q4 25
$28.1M
$471.1M
Q3 25
$28.0M
$232.9M
Q2 25
$11.0M
$345.2M
Q1 25
$20.2M
Q4 24
$18.5M
$243.5M
Q3 24
$20.9M
Q2 24
$42.6M
Total Debt
STIM
STIM
WTBA
WTBA
Q1 26
Q4 25
$65.8M
Q3 25
$65.7M
Q2 25
$55.5M
Q1 25
$55.3M
Q4 24
$55.2M
Q3 24
$46.0M
Q2 24
$59.8M
Stockholders' Equity
STIM
STIM
WTBA
WTBA
Q1 26
$270.7M
Q4 25
$22.4M
$266.0M
Q3 25
$27.4M
$255.1M
Q2 25
$27.1M
$240.9M
Q1 25
$35.5M
$237.9M
Q4 24
$27.7M
$227.9M
Q3 24
$9.4M
$235.4M
Q2 24
$19.4M
$223.9M
Total Assets
STIM
STIM
WTBA
WTBA
Q1 26
$4.0B
Q4 25
$141.6M
$4.1B
Q3 25
$145.5M
$4.0B
Q2 25
$134.7M
$4.1B
Q1 25
$142.0M
$4.0B
Q4 24
$140.9M
$4.0B
Q3 24
$4.0B
Q2 24
$96.8M
$4.0B
Debt / Equity
STIM
STIM
WTBA
WTBA
Q1 26
Q4 25
2.94×
Q3 25
2.40×
Q2 25
2.05×
Q1 25
1.56×
Q4 24
1.99×
Q3 24
4.90×
Q2 24
3.08×

Cash Flow & Capital Efficiency

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

Metric
STIM
STIM
WTBA
WTBA
Operating Cash FlowLast quarter
$908.0K
$12.9M
Free Cash FlowOCF − Capex
$692.0K
$12.4M
FCF MarginFCF / Revenue
1.7%
46.0%
Capex IntensityCapex / Revenue
0.5%
1.8%
Cash ConversionOCF / Net Profit
1.22×
TTM Free Cash FlowTrailing 4 quarters
$-21.2M
$79.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STIM
STIM
WTBA
WTBA
Q1 26
$12.9M
Q4 25
$908.0K
$46.5M
Q3 25
$-785.0K
$11.4M
Q2 25
$-3.5M
$13.5M
Q1 25
$-17.0M
$9.7M
Q4 24
$-8.6M
$39.8M
Q3 24
$-5.4M
$12.9M
Q2 24
$-5.0M
$10.0M
Free Cash Flow
STIM
STIM
WTBA
WTBA
Q1 26
$12.4M
Q4 25
$692.0K
$43.2M
Q3 25
$-899.0K
$10.8M
Q2 25
$-3.8M
$12.8M
Q1 25
$-17.2M
$8.3M
Q4 24
$-8.7M
$13.7M
Q3 24
$-5.8M
$7.0M
Q2 24
$-5.6M
$2.7M
FCF Margin
STIM
STIM
WTBA
WTBA
Q1 26
46.0%
Q4 25
1.7%
178.3%
Q3 25
-2.4%
43.0%
Q2 25
-9.9%
53.6%
Q1 25
-53.8%
35.7%
Q4 24
-38.6%
65.6%
Q3 24
-31.3%
34.2%
Q2 24
-34.0%
14.0%
Capex Intensity
STIM
STIM
WTBA
WTBA
Q1 26
1.8%
Q4 25
0.5%
13.7%
Q3 25
0.3%
2.6%
Q2 25
0.7%
3.2%
Q1 25
0.7%
6.5%
Q4 24
0.4%
125.3%
Q3 24
2.1%
29.4%
Q2 24
3.7%
37.1%
Cash Conversion
STIM
STIM
WTBA
WTBA
Q1 26
1.22×
Q4 25
6.26×
Q3 25
1.23×
Q2 25
1.70×
Q1 25
1.24×
Q4 24
5.61×
Q3 24
2.17×
Q2 24
1.93×

Financial Flow Comparison

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

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