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Side-by-side financial comparison of Triumph Financial, Inc. (TFIN) and Vericel Corp (VCEL). Click either name above to swap in a different company.

Triumph Financial, Inc. is the larger business by last-quarter revenue ($120.1M vs $92.9M, roughly 1.3× Vericel Corp). On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 16.0%). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs 9.0%).

The Triumph Motor Company was a British car and motor manufacturing company in the 19th and 20th centuries. The marque had its origins in 1885 when Siegfried Bettmann of Nuremberg formed S. Bettmann & Co. and started importing bicycles from Europe and selling them under his own trade name in London. The trade name became "Triumph" the following year, and in 1887 Bettmann was joined by a partner, Moritz Schulte, also from Germany. In 1889, the businessmen started producing their own bicycles i...

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

TFIN vs VCEL — Head-to-Head

Bigger by revenue
TFIN
TFIN
1.3× larger
TFIN
$120.1M
$92.9M
VCEL
Growing faster (revenue YoY)
VCEL
VCEL
+7.3% gap
VCEL
23.3%
16.0%
TFIN
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
9.0%
TFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TFIN
TFIN
VCEL
VCEL
Revenue
$120.1M
$92.9M
Net Profit
$23.2M
Gross Margin
78.7%
Operating Margin
24.1%
Net Margin
25.0%
Revenue YoY
16.0%
23.3%
Net Profit YoY
400.6%
17.3%
EPS (diluted)
$0.46

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
TFIN
TFIN
VCEL
VCEL
Q4 25
$120.1M
$92.9M
Q3 25
$109.3M
$67.5M
Q2 25
$108.1M
$63.2M
Q1 25
$101.6M
$52.6M
Q4 24
$103.6M
$75.4M
Q3 24
$106.2M
$57.9M
Q2 24
$105.1M
$52.7M
Q1 24
$101.0M
$51.3M
Net Profit
TFIN
TFIN
VCEL
VCEL
Q4 25
$23.2M
Q3 25
$1.7M
$5.1M
Q2 25
$4.4M
$-553.0K
Q1 25
$17.0K
$-11.2M
Q4 24
$3.8M
$19.8M
Q3 24
$5.3M
$-901.0K
Q2 24
$2.7M
$-4.7M
Q1 24
$4.2M
$-3.9M
Gross Margin
TFIN
TFIN
VCEL
VCEL
Q4 25
78.7%
Q3 25
73.5%
Q2 25
73.7%
Q1 25
69.0%
Q4 24
77.6%
Q3 24
71.9%
Q2 24
69.5%
Q1 24
68.9%
Operating Margin
TFIN
TFIN
VCEL
VCEL
Q4 25
24.1%
Q3 25
1.2%
5.1%
Q2 25
7.3%
-3.2%
Q1 25
0.1%
-24.3%
Q4 24
5.6%
24.5%
Q3 24
5.9%
-4.3%
Q2 24
3.4%
-11.5%
Q1 24
4.7%
-10.7%
Net Margin
TFIN
TFIN
VCEL
VCEL
Q4 25
25.0%
Q3 25
1.6%
7.5%
Q2 25
4.1%
-0.9%
Q1 25
0.0%
-21.4%
Q4 24
3.7%
26.3%
Q3 24
5.0%
-1.6%
Q2 24
2.6%
-8.9%
Q1 24
4.1%
-7.5%
EPS (diluted)
TFIN
TFIN
VCEL
VCEL
Q4 25
$0.46
Q3 25
$0.04
$0.10
Q2 25
$0.15
$-0.01
Q1 25
$-0.03
$-0.23
Q4 24
$0.13
$0.40
Q3 24
$0.19
$-0.02
Q2 24
$0.08
$-0.10
Q1 24
$0.14
$-0.08

Balance Sheet & Financial Strength

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

Metric
TFIN
TFIN
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$248.5M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$941.8M
$354.6M
Total Assets
$6.4B
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TFIN
TFIN
VCEL
VCEL
Q4 25
$248.5M
$137.5M
Q3 25
$147.2M
$135.4M
Q2 25
$282.3M
$116.9M
Q1 25
$502.9M
$112.9M
Q4 24
$330.1M
$116.2M
Q3 24
$489.3M
$101.7M
Q2 24
$500.7M
$102.5M
Q1 24
$417.0M
$110.6M
Stockholders' Equity
TFIN
TFIN
VCEL
VCEL
Q4 25
$941.8M
$354.6M
Q3 25
$919.3M
$321.9M
Q2 25
$912.4M
$306.8M
Q1 25
$893.9M
$295.5M
Q4 24
$890.9M
$292.0M
Q3 24
$885.8M
$257.5M
Q2 24
$874.2M
$243.0M
Q1 24
$872.3M
$233.9M
Total Assets
TFIN
TFIN
VCEL
VCEL
Q4 25
$6.4B
$488.0M
Q3 25
$6.4B
$453.3M
Q2 25
$6.5B
$435.6M
Q1 25
$6.3B
$424.6M
Q4 24
$5.9B
$432.7M
Q3 24
$5.9B
$390.4M
Q2 24
$5.8B
$376.8M
Q1 24
$5.6B
$356.7M

Cash Flow & Capital Efficiency

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

Metric
TFIN
TFIN
VCEL
VCEL
Operating Cash FlowLast quarter
$67.1M
$15.0M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TFIN
TFIN
VCEL
VCEL
Q4 25
$67.1M
$15.0M
Q3 25
$24.4M
$22.1M
Q2 25
$9.8M
$8.2M
Q1 25
$-3.6M
$6.6M
Q4 24
$58.5M
$22.2M
Q3 24
$26.6M
$10.2M
Q2 24
$21.9M
$18.5M
Q1 24
$-10.7M
$7.2M
Free Cash Flow
TFIN
TFIN
VCEL
VCEL
Q4 25
$12.8M
Q3 25
$22.4M
$19.5M
Q2 25
$6.8M
$81.0K
Q1 25
$-7.9M
$-7.6M
Q4 24
$8.5M
Q3 24
$25.8M
$-9.2M
Q2 24
$-31.9M
$1.8M
Q1 24
$-6.8M
FCF Margin
TFIN
TFIN
VCEL
VCEL
Q4 25
13.8%
Q3 25
20.5%
28.8%
Q2 25
6.2%
0.1%
Q1 25
-7.7%
-14.5%
Q4 24
11.2%
Q3 24
24.3%
-15.9%
Q2 24
-30.3%
3.4%
Q1 24
-13.3%
Capex Intensity
TFIN
TFIN
VCEL
VCEL
Q4 25
2.4%
Q3 25
1.8%
3.9%
Q2 25
2.8%
12.9%
Q1 25
4.2%
27.0%
Q4 24
18.3%
Q3 24
0.8%
33.5%
Q2 24
51.1%
31.8%
Q1 24
27.3%
Cash Conversion
TFIN
TFIN
VCEL
VCEL
Q4 25
0.65×
Q3 25
14.29×
4.35×
Q2 25
2.22×
Q1 25
-212.82×
Q4 24
15.25×
1.12×
Q3 24
4.97×
Q2 24
7.95×
Q1 24
-2.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TFIN
TFIN

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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