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Side-by-side financial comparison of TruGolf Holdings, Inc. (TRUG) and UNITED GUARDIAN INC (UG). Click either name above to swap in a different company.

TruGolf Holdings, Inc. is the larger business by last-quarter revenue ($5.1M vs $3.0M, roughly 1.7× UNITED GUARDIAN INC). On growth, UNITED GUARDIAN INC posted the faster year-over-year revenue change (19.6% vs -17.7%). UNITED GUARDIAN INC produced more free cash flow last quarter ($308.0K vs $172.6K). Over the past eight quarters, TruGolf Holdings, Inc.'s revenue compounded faster (0.6% CAGR vs -4.6%).

TruGolf Holdings, Inc. is a leading provider of premium golf simulation systems and immersive golf entertainment solutions. Its offerings include indoor golf simulators with precision motion tracking, extensive virtual course libraries, and interactive training tools, serving residential consumers, commercial golf facilities, and entertainment venues across North America, Europe and Asia-Pacific.

The Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the world. Based in Manhattan, it has approximately 8,000 employees in the United States, and a network of over 3,000 financial representatives in more than 70 agencies nationwide. As of 2018, it ranks 239th on the Fortune 500 list of largest American corporations by revenue. In 2015, Guardian achieved the highest earnings in its 155-year history with $7.3 billion in capital and $1.5 billio...

TRUG vs UG — Head-to-Head

Bigger by revenue
TRUG
TRUG
1.7× larger
TRUG
$5.1M
$3.0M
UG
Growing faster (revenue YoY)
UG
UG
+37.2% gap
UG
19.6%
-17.7%
TRUG
More free cash flow
UG
UG
$135.4K more FCF
UG
$308.0K
$172.6K
TRUG
Faster 2-yr revenue CAGR
TRUG
TRUG
Annualised
TRUG
0.6%
-4.6%
UG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TRUG
TRUG
UG
UG
Revenue
$5.1M
$3.0M
Net Profit
$-2.0M
Gross Margin
21.6%
45.0%
Operating Margin
-37.2%
24.4%
Net Margin
-38.6%
Revenue YoY
-17.7%
19.6%
Net Profit YoY
66.6%
EPS (diluted)

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
TRUG
TRUG
UG
UG
Q4 25
$5.1M
$3.0M
Q3 25
$4.1M
$2.3M
Q2 25
$4.3M
$2.8M
Q1 25
$5.4M
$2.5M
Q4 24
$6.2M
$2.5M
Q3 24
$6.2M
$3.1M
Q2 24
$3.9M
$3.4M
Q1 24
$5.0M
$3.3M
Net Profit
TRUG
TRUG
UG
UG
Q4 25
$-2.0M
Q3 25
$-7.3M
$268.4K
Q2 25
$-3.3M
$626.8K
Q1 25
$-2.7M
$560.9K
Q4 24
$-5.9M
Q3 24
$-60.2K
$865.5K
Q2 24
$-1.6M
$956.2K
Q1 24
$-1.3M
$925.4K
Gross Margin
TRUG
TRUG
UG
UG
Q4 25
21.6%
45.0%
Q3 25
69.3%
42.1%
Q2 25
44.4%
52.8%
Q1 25
68.0%
54.7%
Q4 24
64.0%
51.7%
Q3 24
69.1%
54.0%
Q2 24
66.4%
54.0%
Q1 24
60.9%
52.2%
Operating Margin
TRUG
TRUG
UG
UG
Q4 25
-37.2%
24.4%
Q3 25
-27.1%
9.5%
Q2 25
-43.4%
24.5%
Q1 25
-22.9%
24.6%
Q4 24
-20.2%
22.5%
Q3 24
14.0%
31.0%
Q2 24
-20.3%
32.9%
Q1 24
-18.8%
31.5%
Net Margin
TRUG
TRUG
UG
UG
Q4 25
-38.6%
Q3 25
-177.3%
11.9%
Q2 25
-77.0%
22.1%
Q1 25
-49.5%
22.6%
Q4 24
-95.2%
Q3 24
-1.0%
28.3%
Q2 24
-40.5%
28.2%
Q1 24
-26.0%
28.4%
EPS (diluted)
TRUG
TRUG
UG
UG
Q4 25
Q3 25
$-4.87
Q2 25
Q1 25
Q4 24
$-377.64
Q3 24
$0.00
Q2 24
$-0.12
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
TRUG
TRUG
UG
UG
Cash + ST InvestmentsLiquidity on hand
$10.5M
$8.6M
Total DebtLower is stronger
$2.8M
Stockholders' EquityBook value
$4.3M
$11.2M
Total Assets
$20.2M
$13.1M
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRUG
TRUG
UG
UG
Q4 25
$10.5M
$8.6M
Q3 25
$11.4M
$8.3M
Q2 25
$8.1M
$8.4M
Q1 25
$10.5M
$8.1M
Q4 24
$8.8M
$9.4M
Q3 24
$7.5M
$9.5M
Q2 24
$6.7M
$9.9M
Q1 24
$7.8M
$8.6M
Total Debt
TRUG
TRUG
UG
UG
Q4 25
$2.8M
Q3 25
$3.2M
Q2 25
$3.3M
Q1 25
$3.6M
Q4 24
$3.6M
Q3 24
$2.8M
Q2 24
$1.8M
Q1 24
$1.8M
Stockholders' Equity
TRUG
TRUG
UG
UG
Q4 25
$4.3M
$11.2M
Q3 25
$6.3M
$10.6M
Q2 25
$4.3M
$11.5M
Q1 25
$-4.6M
$10.8M
Q4 24
$-4.6M
$11.9M
Q3 24
$-10.9M
$11.4M
Q2 24
$-10.5M
$12.1M
Q1 24
$-9.1M
$11.2M
Total Assets
TRUG
TRUG
UG
UG
Q4 25
$20.2M
$13.1M
Q3 25
$23.0M
$12.2M
Q2 25
$24.4M
$13.4M
Q1 25
$20.7M
$12.8M
Q4 24
$17.1M
$13.8M
Q3 24
$17.0M
$13.3M
Q2 24
$14.1M
$13.8M
Q1 24
$15.5M
$13.0M
Debt / Equity
TRUG
TRUG
UG
UG
Q4 25
0.66×
Q3 25
0.51×
Q2 25
0.76×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
TRUG
TRUG
UG
UG
Operating Cash FlowLast quarter
$280.0K
$330.5K
Free Cash FlowOCF − Capex
$172.6K
$308.0K
FCF MarginFCF / Revenue
3.4%
10.4%
Capex IntensityCapex / Revenue
2.1%
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.9M
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRUG
TRUG
UG
UG
Q4 25
$280.0K
$330.5K
Q3 25
$-623.9K
$1.0M
Q2 25
$-905.4K
$303.2K
Q1 25
$-449.1K
$322.1K
Q4 24
$-7.1M
$269.3K
Q3 24
$455.8K
$1.2M
Q2 24
$-52.6K
$1.3M
Q1 24
$2.7M
$644.1K
Free Cash Flow
TRUG
TRUG
UG
UG
Q4 25
$172.6K
$308.0K
Q3 25
$-675.9K
$995.8K
Q2 25
$-923.6K
$285.6K
Q1 25
$-513.3K
$318.5K
Q4 24
$-45.9K
Q3 24
$1.2M
Q2 24
$1.3M
Q1 24
$2.3M
$622.2K
FCF Margin
TRUG
TRUG
UG
UG
Q4 25
3.4%
10.4%
Q3 25
-16.5%
44.0%
Q2 25
-21.4%
10.1%
Q1 25
-9.5%
12.8%
Q4 24
-1.9%
Q3 24
39.2%
Q2 24
37.1%
Q1 24
46.6%
19.1%
Capex Intensity
TRUG
TRUG
UG
UG
Q4 25
2.1%
0.8%
Q3 25
1.3%
0.7%
Q2 25
0.4%
0.6%
Q1 25
1.2%
0.1%
Q4 24
12.7%
Q3 24
1.0%
Q2 24
1.9%
Q1 24
6.6%
0.7%
Cash Conversion
TRUG
TRUG
UG
UG
Q4 25
Q3 25
3.77×
Q2 25
0.48×
Q1 25
0.57×
Q4 24
Q3 24
1.42×
Q2 24
1.38×
Q1 24
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TRUG
TRUG

Segment breakdown not available.

UG
UG

Pharmaceuticals$1.6M53%
Other$1.4M47%

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