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Side-by-side financial comparison of TRUPANION, INC. (TRUP) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $220.8M, roughly 1.7× UNIVERSAL TECHNICAL INSTITUTE INC). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs 9.6%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $-19.2M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs 9.5%).
TRUPANION, INC.TRUPEarnings & Financial Report
Trupanion, Inc. is a pet insurance provider headquartered in Seattle, Washington. Established in 1998, Trupanion operates across the United States, Canada, Australia, and Puerto Rico. The company offers coverage for pets and is self-underwritten by the American Pet Insurance Company (APIC).
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
TRUP vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $376.9M | $220.8M |
| Net Profit | — | $12.8M |
| Gross Margin | 17.3% | — |
| Operating Margin | 1.9% | 7.1% |
| Net Margin | — | 5.8% |
| Revenue YoY | 11.7% | 9.6% |
| Net Profit YoY | — | -42.1% |
| EPS (diluted) | $0.13 | $0.23 |
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 | $376.9M | $220.8M | ||
| Q3 25 | $366.9M | $222.4M | ||
| Q2 25 | $353.6M | $204.3M | ||
| Q1 25 | $342.0M | $207.4M | ||
| Q4 24 | $337.3M | $201.4M | ||
| Q3 24 | $327.5M | $196.4M | ||
| Q2 24 | $314.8M | $177.5M | ||
| Q1 24 | $306.1M | $184.2M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | — | $18.8M | ||
| Q2 25 | — | $10.7M | ||
| Q1 25 | — | $11.4M | ||
| Q4 24 | — | $22.2M | ||
| Q3 24 | — | $18.8M | ||
| Q2 24 | — | $5.0M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | 17.3% | — | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 15.7% | — | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 12.8% | — | ||
| Q1 24 | 11.8% | — |
| Q4 25 | 1.9% | 7.1% | ||
| Q3 25 | 1.6% | 11.2% | ||
| Q2 25 | 0.7% | 6.9% | ||
| Q1 25 | -0.4% | 8.1% | ||
| Q4 24 | 0.1% | 13.6% | ||
| Q3 24 | 0.5% | 13.3% | ||
| Q2 24 | -1.7% | 4.2% | ||
| Q1 24 | -2.0% | 6.1% |
| Q4 25 | — | 5.8% | ||
| Q3 25 | — | 8.4% | ||
| Q2 25 | — | 5.2% | ||
| Q1 25 | — | 5.5% | ||
| Q4 24 | — | 11.0% | ||
| Q3 24 | — | 9.6% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | $0.13 | $0.23 | ||
| Q3 25 | $0.13 | $0.33 | ||
| Q2 25 | $0.22 | $0.19 | ||
| Q1 25 | $-0.03 | $0.21 | ||
| Q4 24 | $0.04 | $0.40 | ||
| Q3 24 | $0.03 | $0.35 | ||
| Q2 24 | $-0.14 | $0.09 | ||
| Q1 24 | $-0.16 | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $370.7M | $162.8M |
| Total DebtLower is stronger | $101.8M | $101.4M |
| Stockholders' EquityBook value | $383.9M | $335.9M |
| Total Assets | $915.0M | $834.0M |
| Debt / EquityLower = less leverage | 0.27× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $370.7M | $162.8M | ||
| Q3 25 | $348.5M | $169.1M | ||
| Q2 25 | $319.6M | $70.7M | ||
| Q1 25 | $321.8M | $96.0M | ||
| Q4 24 | $307.4M | $172.0M | ||
| Q3 24 | $293.1M | $161.9M | ||
| Q2 24 | $277.2M | $115.5M | ||
| Q1 24 | $275.2M | $116.1M |
| Q4 25 | $101.8M | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | $127.5M | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
| Q4 25 | $383.9M | $335.9M | ||
| Q3 25 | $368.6M | $328.1M | ||
| Q2 25 | $355.5M | $306.8M | ||
| Q1 25 | $333.7M | $293.9M | ||
| Q4 24 | $323.3M | $280.0M | ||
| Q3 24 | $320.2M | $260.2M | ||
| Q2 24 | $305.8M | $239.4M | ||
| Q1 24 | $303.4M | $232.6M |
| Q4 25 | $915.0M | $834.0M | ||
| Q3 25 | $880.2M | $826.1M | ||
| Q2 25 | $847.8M | $740.8M | ||
| Q1 25 | $837.2M | $720.4M | ||
| Q4 24 | $806.9M | $753.8M | ||
| Q3 24 | $816.1M | $744.6M | ||
| Q2 24 | $795.9M | $706.0M | ||
| Q1 24 | $789.5M | $702.1M |
| Q4 25 | 0.27× | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | 0.39× | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $29.3M | $3.1M |
| Free Cash FlowOCF − Capex | $25.3M | $-19.2M |
| FCF MarginFCF / Revenue | 6.7% | -8.7% |
| Capex IntensityCapex / Revenue | 1.0% | 10.1% |
| Cash ConversionOCF / Net Profit | — | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $75.4M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | $3.1M | ||
| Q3 25 | $29.2M | $57.1M | ||
| Q2 25 | $15.0M | $18.1M | ||
| Q1 25 | $16.0M | $-789.0K | ||
| Q4 24 | $23.7M | $23.0M | ||
| Q3 24 | $15.3M | $67.5M | ||
| Q2 24 | $6.9M | $10.0M | ||
| Q1 24 | $2.4M | $-2.5M |
| Q4 25 | $25.3M | $-19.2M | ||
| Q3 25 | $23.9M | $40.6M | ||
| Q2 25 | $12.0M | $6.8M | ||
| Q1 25 | $14.0M | $-11.7M | ||
| Q4 24 | $21.8M | $19.6M | ||
| Q3 24 | $13.4M | $60.0M | ||
| Q2 24 | $4.0M | $3.0M | ||
| Q1 24 | $-631.0K | $-8.4M |
| Q4 25 | 6.7% | -8.7% | ||
| Q3 25 | 6.5% | 18.3% | ||
| Q2 25 | 3.4% | 3.4% | ||
| Q1 25 | 4.1% | -5.7% | ||
| Q4 24 | 6.5% | 9.7% | ||
| Q3 24 | 4.1% | 30.6% | ||
| Q2 24 | 1.3% | 1.7% | ||
| Q1 24 | -0.2% | -4.6% |
| Q4 25 | 1.0% | 10.1% | ||
| Q3 25 | 1.4% | 7.4% | ||
| Q2 25 | 0.8% | 5.5% | ||
| Q1 25 | 0.6% | 5.3% | ||
| Q4 24 | 0.6% | 1.7% | ||
| Q3 24 | 0.6% | 3.8% | ||
| Q2 24 | 0.9% | 4.0% | ||
| Q1 24 | 1.0% | 3.2% |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | — | -0.07× | ||
| Q4 24 | — | 1.04× | ||
| Q3 24 | — | 3.58× | ||
| Q2 24 | — | 2.01× | ||
| Q1 24 | — | -0.32× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRUP
| Subscriptionbusiness | $261.4M | 69% |
| Other | $115.4M | 31% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
