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Side-by-side financial comparison of SWK Holdings Corp (SWKH) and TRANSACT TECHNOLOGIES INC (TACT). Click either name above to swap in a different company.

TRANSACT TECHNOLOGIES INC is the larger business by last-quarter revenue ($11.5M vs $8.7M, roughly 1.3× SWK Holdings Corp). On growth, TRANSACT TECHNOLOGIES INC posted the faster year-over-year revenue change (11.9% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $589.0K). Over the past eight quarters, TRANSACT TECHNOLOGIES INC's revenue compounded faster (3.5% CAGR vs -12.5%).

SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.

Roper Technologies, Inc. is a holding company that owns companies in the technology sector.

SWKH vs TACT — Head-to-Head

Bigger by revenue
TACT
TACT
1.3× larger
TACT
$11.5M
$8.7M
SWKH
Growing faster (revenue YoY)
TACT
TACT
+41.6% gap
TACT
11.9%
-29.7%
SWKH
More free cash flow
SWKH
SWKH
$26.2M more FCF
SWKH
$26.8M
$589.0K
TACT
Faster 2-yr revenue CAGR
TACT
TACT
Annualised
TACT
3.5%
-12.5%
SWKH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SWKH
SWKH
TACT
TACT
Revenue
$8.7M
$11.5M
Net Profit
$-19.4M
Gross Margin
47.6%
Operating Margin
9.9%
-10.1%
Net Margin
Revenue YoY
-29.7%
11.9%
Net Profit YoY
-430.2%
EPS (diluted)
$-1.59
$-0.11

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
SWKH
SWKH
TACT
TACT
Q4 25
$8.7M
$11.5M
Q3 25
$10.9M
$13.2M
Q2 25
$10.1M
$13.8M
Q1 25
$11.8M
$13.1M
Q4 24
$12.4M
$10.2M
Q3 24
$10.4M
$10.9M
Q2 24
$10.8M
$11.6M
Q1 24
$11.4M
$10.7M
Net Profit
SWKH
SWKH
TACT
TACT
Q4 25
$-19.4M
Q3 25
$8.8M
$15.0K
Q2 25
$3.5M
$-143.0K
Q1 25
$4.5M
$19.0K
Q4 24
$5.9M
Q3 24
$3.5M
$-551.0K
Q2 24
$3.7M
$-319.0K
Q1 24
$468.0K
$-1.0M
Gross Margin
SWKH
SWKH
TACT
TACT
Q4 25
47.6%
Q3 25
49.8%
Q2 25
48.2%
Q1 25
48.7%
Q4 24
44.2%
Q3 24
48.1%
Q2 24
52.7%
Q1 24
52.6%
Operating Margin
SWKH
SWKH
TACT
TACT
Q4 25
9.9%
-10.1%
Q3 25
61.3%
0.1%
Q2 25
46.1%
-1.9%
Q1 25
68.6%
-0.1%
Q4 24
44.7%
-10.3%
Q3 24
39.2%
-7.7%
Q2 24
8.3%
-3.8%
Q1 24
9.5%
-12.2%
Net Margin
SWKH
SWKH
TACT
TACT
Q4 25
Q3 25
80.7%
0.1%
Q2 25
35.2%
-1.0%
Q1 25
38.4%
0.1%
Q4 24
47.5%
Q3 24
33.3%
-5.1%
Q2 24
33.9%
-2.8%
Q1 24
4.1%
-9.7%
EPS (diluted)
SWKH
SWKH
TACT
TACT
Q4 25
$-1.59
$-0.11
Q3 25
$0.72
$0.00
Q2 25
$0.29
$-0.01
Q1 25
$0.37
$0.00
Q4 24
$0.47
$-0.80
Q3 24
$0.28
$-0.06
Q2 24
$0.30
$-0.03
Q1 24
$0.04
$-0.10

Balance Sheet & Financial Strength

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

Metric
SWKH
SWKH
TACT
TACT
Cash + ST InvestmentsLiquidity on hand
$42.8M
$20.4M
Total DebtLower is stronger
$33.0M
Stockholders' EquityBook value
$235.1M
$31.1M
Total Assets
$272.4M
$44.8M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SWKH
SWKH
TACT
TACT
Q4 25
$42.8M
$20.4M
Q3 25
$10.2M
$20.0M
Q2 25
$8.0M
$17.7M
Q1 25
$29.8M
$14.2M
Q4 24
$5.9M
$14.4M
Q3 24
$17.2M
$11.3M
Q2 24
$5.5M
$11.1M
Q1 24
$5.5M
$10.6M
Total Debt
SWKH
SWKH
TACT
TACT
Q4 25
$33.0M
Q3 25
$33.0M
Q2 25
$33.0M
Q1 25
$33.0M
Q4 24
$33.0M
Q3 24
$33.0M
Q2 24
$33.0M
Q1 24
$33.0M
Stockholders' Equity
SWKH
SWKH
TACT
TACT
Q4 25
$235.1M
$31.1M
Q3 25
$254.2M
$31.8M
Q2 25
$246.5M
$31.3M
Q1 25
$292.7M
$30.9M
Q4 24
$288.7M
$30.6M
Q3 24
$283.4M
$38.4M
Q2 24
$282.8M
$38.5M
Q1 24
$279.9M
$38.6M
Total Assets
SWKH
SWKH
TACT
TACT
Q4 25
$272.4M
$44.8M
Q3 25
$289.4M
$45.0M
Q2 25
$285.7M
$44.5M
Q1 25
$331.3M
$44.2M
Q4 24
$332.2M
$44.0M
Q3 24
$321.3M
$50.5M
Q2 24
$321.0M
$50.4M
Q1 24
$322.0M
$51.9M
Debt / Equity
SWKH
SWKH
TACT
TACT
Q4 25
0.14×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.12×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
SWKH
SWKH
TACT
TACT
Operating Cash FlowLast quarter
$27.3M
$609.0K
Free Cash FlowOCF − Capex
$26.8M
$589.0K
FCF MarginFCF / Revenue
308.1%
5.1%
Capex IntensityCapex / Revenue
5.9%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.2M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SWKH
SWKH
TACT
TACT
Q4 25
$27.3M
$609.0K
Q3 25
$906.0K
$3.6M
Q2 25
$7.8M
$3.6M
Q1 25
$8.3M
$-161.0K
Q4 24
$23.0M
$2.4M
Q3 24
$6.3M
$327.0K
Q2 24
$5.4M
$636.0K
Q1 24
$4.4M
$-1.5M
Free Cash Flow
SWKH
SWKH
TACT
TACT
Q4 25
$26.8M
$589.0K
Q3 25
$557.0K
$3.6M
Q2 25
$7.7M
$3.6M
Q1 25
$8.2M
$-171.0K
Q4 24
$22.9M
$2.4M
Q3 24
$6.3M
$259.0K
Q2 24
$5.4M
$499.0K
Q1 24
$-1.6M
FCF Margin
SWKH
SWKH
TACT
TACT
Q4 25
308.1%
5.1%
Q3 25
5.1%
27.1%
Q2 25
77.0%
25.9%
Q1 25
69.1%
-1.3%
Q4 24
185.3%
23.2%
Q3 24
60.4%
2.4%
Q2 24
49.7%
4.3%
Q1 24
-14.9%
Capex Intensity
SWKH
SWKH
TACT
TACT
Q4 25
5.9%
0.2%
Q3 25
3.2%
0.5%
Q2 25
0.6%
0.1%
Q1 25
0.8%
0.1%
Q4 24
1.1%
0.1%
Q3 24
0.3%
0.6%
Q2 24
0.2%
1.2%
Q1 24
0.0%
1.0%
Cash Conversion
SWKH
SWKH
TACT
TACT
Q4 25
Q3 25
0.10×
242.00×
Q2 25
2.21×
Q1 25
1.82×
-8.47×
Q4 24
3.93×
Q3 24
1.82×
Q2 24
1.47×
Q1 24
9.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SWKH
SWKH

Finance Receivables Segment$8.4M96%
Other$329.0K4%

TACT
TACT

Segment breakdown not available.

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