vs

Side-by-side financial comparison of SYPRIS SOLUTIONS INC (SYPR) and Xtant Medical Holdings, Inc. (XTNT). Click either name above to swap in a different company.

Xtant Medical Holdings, Inc. is the larger business by last-quarter revenue ($32.4M vs $30.3M, roughly 1.1× SYPRIS SOLUTIONS INC). Xtant Medical Holdings, Inc. runs the higher net margin — 0.2% vs -12.9%, a 13.1% gap on every dollar of revenue. On growth, Xtant Medical Holdings, Inc. posted the faster year-over-year revenue change (2.7% vs -9.5%). Xtant Medical Holdings, Inc. produced more free cash flow last quarter ($5.0M vs $-1.5M). Over the past eight quarters, Xtant Medical Holdings, Inc.'s revenue compounded faster (7.7% CAGR vs -7.7%).

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

Xtant Medical Holdings, Inc. is a global medical technology company that develops, manufactures and markets orthobiologic products, neurosurgery devices, and regenerative medicine solutions for orthopedic and neurological care providers. It serves patients and medical institutions across North America, Europe and the Asia-Pacific, with core segments covering spinal surgery supplies and bone regeneration products.

SYPR vs XTNT — Head-to-Head

Bigger by revenue
XTNT
XTNT
1.1× larger
XTNT
$32.4M
$30.3M
SYPR
Growing faster (revenue YoY)
XTNT
XTNT
+12.1% gap
XTNT
2.7%
-9.5%
SYPR
Higher net margin
XTNT
XTNT
13.1% more per $
XTNT
0.2%
-12.9%
SYPR
More free cash flow
XTNT
XTNT
$6.5M more FCF
XTNT
$5.0M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
XTNT
XTNT
Annualised
XTNT
7.7%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SYPR
SYPR
XTNT
XTNT
Revenue
$30.3M
$32.4M
Net Profit
$-3.9M
$57.0K
Gross Margin
4.6%
54.9%
Operating Margin
-10.9%
-2.9%
Net Margin
-12.9%
0.2%
Revenue YoY
-9.5%
2.7%
Net Profit YoY
-2992.6%
101.8%
EPS (diluted)
$-0.17
$0.00

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
SYPR
SYPR
XTNT
XTNT
Q4 25
$30.3M
$32.4M
Q3 25
$28.7M
$33.3M
Q2 25
$31.4M
$35.4M
Q1 25
$29.5M
$32.9M
Q4 24
$33.4M
$31.5M
Q3 24
$35.7M
$27.9M
Q2 24
$35.5M
$29.9M
Q1 24
$35.6M
$27.9M
Net Profit
SYPR
SYPR
XTNT
XTNT
Q4 25
$-3.9M
$57.0K
Q3 25
$517.0K
$1.3M
Q2 25
$-2.1M
$3.5M
Q1 25
$-899.0K
$58.0K
Q4 24
$135.0K
$-3.2M
Q3 24
$390.0K
$-5.0M
Q2 24
$16.0K
$-3.9M
Q1 24
$-2.2M
$-4.4M
Gross Margin
SYPR
SYPR
XTNT
XTNT
Q4 25
4.6%
54.9%
Q3 25
7.2%
66.1%
Q2 25
8.2%
68.6%
Q1 25
11.4%
61.5%
Q4 24
16.1%
50.9%
Q3 24
16.8%
58.4%
Q2 24
15.9%
62.1%
Q1 24
8.1%
62.1%
Operating Margin
SYPR
SYPR
XTNT
XTNT
Q4 25
-10.9%
-2.9%
Q3 25
-6.1%
7.6%
Q2 25
-4.6%
13.1%
Q1 25
-0.4%
3.2%
Q4 24
3.9%
-6.0%
Q3 24
4.8%
-13.5%
Q2 24
3.6%
-9.8%
Q1 24
-3.9%
-12.4%
Net Margin
SYPR
SYPR
XTNT
XTNT
Q4 25
-12.9%
0.2%
Q3 25
1.8%
3.9%
Q2 25
-6.5%
10.0%
Q1 25
-3.0%
0.2%
Q4 24
0.4%
-10.0%
Q3 24
1.1%
-18.0%
Q2 24
0.0%
-12.9%
Q1 24
-6.2%
-15.8%
EPS (diluted)
SYPR
SYPR
XTNT
XTNT
Q4 25
$-0.17
$0.00
Q3 25
$0.02
$0.01
Q2 25
$-0.09
$0.02
Q1 25
$-0.04
$0.00
Q4 24
$0.00
$-0.02
Q3 24
$0.02
$-0.04
Q2 24
$0.00
$-0.03
Q1 24
$-0.10
$-0.03

Balance Sheet & Financial Strength

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

Metric
SYPR
SYPR
XTNT
XTNT
Cash + ST InvestmentsLiquidity on hand
$17.1M
Total DebtLower is stronger
$11.0M
Stockholders' EquityBook value
$17.8M
$51.0M
Total Assets
$107.8M
$94.1M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SYPR
SYPR
XTNT
XTNT
Q4 25
$17.1M
Q3 25
$10.4M
Q2 25
$6.9M
Q1 25
$5.0M
Q4 24
$6.2M
Q3 24
$6.6M
Q2 24
$5.4M
Q1 24
$4.5M
Total Debt
SYPR
SYPR
XTNT
XTNT
Q4 25
$11.0M
Q3 25
$17.4M
Q2 25
$22.3M
Q1 25
$22.2M
Q4 24
$22.0M
Q3 24
$19.1M
Q2 24
$21.8M
Q1 24
$16.8M
Stockholders' Equity
SYPR
SYPR
XTNT
XTNT
Q4 25
$17.8M
$51.0M
Q3 25
$20.0M
$50.4M
Q2 25
$18.7M
$48.5M
Q1 25
$19.0M
$43.9M
Q4 24
$19.6M
$43.0M
Q3 24
$18.2M
$45.7M
Q2 24
$19.0M
$45.0M
Q1 24
$20.8M
$47.7M
Total Assets
SYPR
SYPR
XTNT
XTNT
Q4 25
$107.8M
$94.1M
Q3 25
$112.5M
$106.3M
Q2 25
$105.8M
$103.5M
Q1 25
$110.2M
$95.8M
Q4 24
$119.4M
$93.8M
Q3 24
$121.6M
$98.9M
Q2 24
$124.2M
$95.6M
Q1 24
$129.0M
$93.9M
Debt / Equity
SYPR
SYPR
XTNT
XTNT
Q4 25
0.22×
Q3 25
0.35×
Q2 25
0.46×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
0.42×
Q2 24
0.48×
Q1 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
SYPR
SYPR
XTNT
XTNT
Operating Cash FlowLast quarter
$-1.1M
$5.4M
Free Cash FlowOCF − Capex
$-1.5M
$5.0M
FCF MarginFCF / Revenue
-5.0%
15.4%
Capex IntensityCapex / Revenue
1.3%
1.2%
Cash ConversionOCF / Net Profit
94.39×
TTM Free Cash FlowTrailing 4 quarters
$-6.5M
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SYPR
SYPR
XTNT
XTNT
Q4 25
$-1.1M
$5.4M
Q3 25
$-178.0K
$4.6M
Q2 25
$1.1M
$1.3M
Q1 25
$-5.5M
$1.3M
Q4 24
$2.3M
$665.0K
Q3 24
$-4.8M
$-1.7M
Q2 24
$6.2M
$-5.1M
Q1 24
$-1.7M
$-5.8M
Free Cash Flow
SYPR
SYPR
XTNT
XTNT
Q4 25
$-1.5M
$5.0M
Q3 25
$-390.0K
$4.2M
Q2 25
$941.0K
$910.0K
Q1 25
$-5.5M
$87.0K
Q4 24
$1.9M
$-7.0K
Q3 24
$-4.9M
$-3.8M
Q2 24
$6.0M
$-5.7M
Q1 24
$-2.0M
$-6.5M
FCF Margin
SYPR
SYPR
XTNT
XTNT
Q4 25
-5.0%
15.4%
Q3 25
-1.4%
12.6%
Q2 25
3.0%
2.6%
Q1 25
-18.8%
0.3%
Q4 24
5.7%
-0.0%
Q3 24
-13.8%
-13.7%
Q2 24
16.8%
-18.9%
Q1 24
-5.7%
-23.4%
Capex Intensity
SYPR
SYPR
XTNT
XTNT
Q4 25
1.3%
1.2%
Q3 25
0.7%
1.3%
Q2 25
0.5%
1.0%
Q1 25
0.0%
3.6%
Q4 24
1.2%
2.1%
Q3 24
0.4%
7.5%
Q2 24
0.5%
1.9%
Q1 24
0.9%
2.8%
Cash Conversion
SYPR
SYPR
XTNT
XTNT
Q4 25
94.39×
Q3 25
-0.34×
3.53×
Q2 25
0.36×
Q1 25
22.03×
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
385.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

XTNT
XTNT

Orthobiologics$18.3M57%
Spinal Implant$9.4M29%
License Revenue$4.6M14%

Related Comparisons