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Side-by-side financial comparison of TACTILE SYSTEMS TECHNOLOGY INC (TCMD) and XBP Global Holdings, Inc. (XBP). Click either name above to swap in a different company.
XBP Global Holdings, Inc. is the larger business by last-quarter revenue ($152.4M vs $103.6M, roughly 1.5× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -200.7%, a 210.9% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -34.7%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $10.5M).
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
TCMD vs XBP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $103.6M | $152.4M |
| Net Profit | $10.6M | $-305.8M |
| Gross Margin | 78.2% | 21.7% |
| Operating Margin | 18.1% | -191.7% |
| Net Margin | 10.3% | -200.7% |
| Revenue YoY | 21.0% | -34.7% |
| Net Profit YoY | 9.4% | -980.1% |
| EPS (diluted) | $0.45 | $-2.60 |
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 | $103.6M | — | ||
| Q3 25 | $85.8M | $152.4M | ||
| Q2 25 | $78.9M | — | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | $85.6M | — | ||
| Q3 24 | $73.1M | $233.4M | ||
| Q2 24 | $73.2M | — | ||
| Q1 24 | $61.1M | — |
| Q4 25 | $10.6M | — | ||
| Q3 25 | $8.2M | $-305.8M | ||
| Q2 25 | $3.2M | — | ||
| Q1 25 | $-3.0M | — | ||
| Q4 24 | $9.7M | — | ||
| Q3 24 | $5.2M | $-28.3M | ||
| Q2 24 | $4.3M | — | ||
| Q1 24 | $-2.2M | — |
| Q4 25 | 78.2% | — | ||
| Q3 25 | 75.8% | 21.7% | ||
| Q2 25 | 74.5% | — | ||
| Q1 25 | 74.0% | — | ||
| Q4 24 | 75.2% | — | ||
| Q3 24 | 75.0% | 18.9% | ||
| Q2 24 | 73.9% | — | ||
| Q1 24 | 71.1% | — |
| Q4 25 | 18.1% | — | ||
| Q3 25 | 12.8% | -191.7% | ||
| Q2 25 | 5.2% | — | ||
| Q1 25 | -7.4% | — | ||
| Q4 24 | 14.6% | — | ||
| Q3 24 | 9.3% | 0.9% | ||
| Q2 24 | 8.0% | — | ||
| Q1 24 | -4.9% | — |
| Q4 25 | 10.3% | — | ||
| Q3 25 | 9.6% | -200.7% | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 7.1% | -12.1% | ||
| Q2 24 | 5.9% | — | ||
| Q1 24 | -3.6% | — |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.36 | $-2.60 | ||
| Q2 25 | $0.14 | — | ||
| Q1 25 | $-0.13 | — | ||
| Q4 24 | $0.40 | — | ||
| Q3 24 | $0.21 | $-0.09 | ||
| Q2 24 | $0.18 | — | ||
| Q1 24 | $-0.09 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.4M | $34.5M |
| Total DebtLower is stronger | $0 | $381.5M |
| Stockholders' EquityBook value | $218.9M | $130.5M |
| Total Assets | $273.9M | $947.9M |
| Debt / EquityLower = less leverage | 0.00× | 2.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $83.4M | — | ||
| Q3 25 | $66.0M | $34.5M | ||
| Q2 25 | $81.5M | — | ||
| Q1 25 | $83.6M | — | ||
| Q4 24 | $94.4M | — | ||
| Q3 24 | $82.1M | $7.8M | ||
| Q2 24 | $73.6M | — | ||
| Q1 24 | $60.7M | — |
| Q4 25 | $0 | — | ||
| Q3 25 | $0 | $381.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $27.0M | $31.5M | ||
| Q2 24 | $27.8M | — | ||
| Q1 24 | $28.5M | — |
| Q4 25 | $218.9M | — | ||
| Q3 25 | $204.9M | $130.5M | ||
| Q2 25 | $194.9M | — | ||
| Q1 25 | $205.6M | — | ||
| Q4 24 | $216.6M | — | ||
| Q3 24 | $207.9M | $-1.3B | ||
| Q2 24 | $200.7M | — | ||
| Q1 24 | $193.5M | — |
| Q4 25 | $273.9M | — | ||
| Q3 25 | $259.2M | $947.9M | ||
| Q2 25 | $273.0M | — | ||
| Q1 25 | $280.2M | — | ||
| Q4 24 | $297.9M | — | ||
| Q3 24 | $287.7M | $99.6M | ||
| Q2 24 | $278.8M | — | ||
| Q1 24 | $272.0M | — |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | 2.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.13× | — | ||
| Q2 24 | 0.14× | — | ||
| Q1 24 | 0.15× | — |
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 | $17.3M | $13.9M |
| Free Cash FlowOCF − Capex | $16.8M | $10.5M |
| FCF MarginFCF / Revenue | 16.2% | 6.9% |
| Capex IntensityCapex / Revenue | 0.5% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.63× | — |
| TTM Free Cash FlowTrailing 4 quarters | $40.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.3M | — | ||
| Q3 25 | $10.3M | $13.9M | ||
| Q2 25 | $14.8M | — | ||
| Q1 25 | $417.0K | — | ||
| Q4 24 | $16.3M | — | ||
| Q3 24 | $10.3M | $-1.5M | ||
| Q2 24 | $13.1M | — | ||
| Q1 24 | $924.0K | — |
| Q4 25 | $16.8M | — | ||
| Q3 25 | $9.2M | $10.5M | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $38.0K | — | ||
| Q4 24 | $15.9M | — | ||
| Q3 24 | $9.3M | $-6.1M | ||
| Q2 24 | $12.6M | — | ||
| Q1 24 | $442.0K | — |
| Q4 25 | 16.2% | — | ||
| Q3 25 | 10.8% | 6.9% | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 18.5% | — | ||
| Q3 24 | 12.7% | -2.6% | ||
| Q2 24 | 17.3% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | 0.5% | — | ||
| Q3 25 | 1.3% | 2.2% | ||
| Q2 25 | 0.5% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 1.3% | 2.0% | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 1.63× | — | ||
| Q3 25 | 1.26× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 1.99× | — | ||
| Q2 24 | 3.06× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
XBP
| Related And Non Related Party | $136.5M | 90% |
| Technology | $8.2M | 5% |
| Other | $5.7M | 4% |
| Deferred Revenue As Of July312025 | $1.9M | 1% |
