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Side-by-side financial comparison of TRUPANION, INC. (TRUP) and Utz Brands, Inc. (UTZ). Click either name above to swap in a different company.
TRUPANION, INC. is the larger business by last-quarter revenue ($376.9M vs $341.0M, roughly 1.1× Utz Brands, Inc.). On growth, TRUPANION, INC. posted the faster year-over-year revenue change (11.7% vs -3.1%). TRUPANION, INC. produced more free cash flow last quarter ($25.3M vs $16.5M). Over the past eight quarters, TRUPANION, INC.'s revenue compounded faster (11.0% CAGR vs -1.5%).
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).
Utz Brands, Inc., more commonly known as Utz, is an American snack food company based in Hanover, Pennsylvania. The company produces a variety of potato chips, pretzels, and other snacks, with most products sold under their family of brands. Utz is also a snack supplier to warehouse clubs and merchandisers.
TRUP vs UTZ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $376.9M | $341.0M |
| Net Profit | — | $2.3M |
| Gross Margin | 17.3% | 25.5% |
| Operating Margin | 1.9% | 2.1% |
| Net Margin | — | 0.7% |
| Revenue YoY | 11.7% | -3.1% |
| Net Profit YoY | — | 108.3% |
| EPS (diluted) | $0.13 | $0.04 |
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 | — | ||
| Q3 25 | $366.9M | — | ||
| Q2 25 | $353.6M | — | ||
| Q1 25 | $342.0M | — | ||
| Q4 24 | $337.3M | $341.0M | ||
| Q3 24 | $327.5M | $365.5M | ||
| Q2 24 | $314.8M | $356.2M | ||
| Q1 24 | $306.1M | $346.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $2.3M | ||
| Q3 24 | — | $-2.2M | ||
| Q2 24 | — | $19.8M | ||
| Q1 24 | — | $-4.0M |
| Q4 25 | 17.3% | — | ||
| Q3 25 | 16.4% | — | ||
| Q2 25 | 15.5% | — | ||
| Q1 25 | 14.9% | — | ||
| Q4 24 | 15.7% | 25.5% | ||
| Q3 24 | 15.1% | 26.9% | ||
| Q2 24 | 12.8% | 26.7% | ||
| Q1 24 | 11.8% | 25.5% |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 1.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | -0.4% | — | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | 0.5% | 5.3% | ||
| Q2 24 | -1.7% | 6.3% | ||
| Q1 24 | -2.0% | 2.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | -0.6% | ||
| Q2 24 | — | 5.6% | ||
| Q1 24 | — | -1.2% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $0.13 | — | ||
| Q2 25 | $0.22 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $0.04 | $0.04 | ||
| Q3 24 | $0.03 | $-0.03 | ||
| Q2 24 | $-0.14 | $0.23 | ||
| Q1 24 | $-0.16 | $-0.05 |
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 | $56.1M |
| Total DebtLower is stronger | $101.8M | $768.6M |
| Stockholders' EquityBook value | $383.9M | $696.9M |
| Total Assets | $915.0M | $2.7B |
| Debt / EquityLower = less leverage | 0.27× | 1.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $370.7M | — | ||
| Q3 25 | $348.5M | — | ||
| Q2 25 | $319.6M | — | ||
| Q1 25 | $321.8M | — | ||
| Q4 24 | $307.4M | $56.1M | ||
| Q3 24 | $293.1M | $64.9M | ||
| Q2 24 | $277.2M | $66.6M | ||
| Q1 24 | $275.2M | $47.0M |
| Q4 25 | $101.8M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $127.5M | $768.6M | ||
| Q3 24 | — | $780.8M | ||
| Q2 24 | — | $797.6M | ||
| Q1 24 | — | $756.9M |
| Q4 25 | $383.9M | — | ||
| Q3 25 | $368.6M | — | ||
| Q2 25 | $355.5M | — | ||
| Q1 25 | $333.7M | — | ||
| Q4 24 | $323.3M | $696.9M | ||
| Q3 24 | $320.2M | $685.7M | ||
| Q2 24 | $305.8M | $686.0M | ||
| Q1 24 | $303.4M | $671.1M |
| Q4 25 | $915.0M | — | ||
| Q3 25 | $880.2M | — | ||
| Q2 25 | $847.8M | — | ||
| Q1 25 | $837.2M | — | ||
| Q4 24 | $806.9M | $2.7B | ||
| Q3 24 | $816.1M | $2.6B | ||
| Q2 24 | $795.9M | $2.7B | ||
| Q1 24 | $789.5M | $2.6B |
| Q4 25 | 0.27× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.39× | 1.10× | ||
| Q3 24 | — | 1.14× | ||
| Q2 24 | — | 1.16× | ||
| Q1 24 | — | 1.13× |
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 | $54.2M |
| Free Cash FlowOCF − Capex | $25.3M | $16.5M |
| FCF MarginFCF / Revenue | 6.7% | 4.8% |
| Capex IntensityCapex / Revenue | 1.0% | 11.1% |
| Cash ConversionOCF / Net Profit | — | 23.67× |
| TTM Free Cash FlowTrailing 4 quarters | $75.4M | $7.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.3M | — | ||
| Q3 25 | $29.2M | — | ||
| Q2 25 | $15.0M | — | ||
| Q1 25 | $16.0M | — | ||
| Q4 24 | $23.7M | $54.2M | ||
| Q3 24 | $15.3M | $52.2M | ||
| Q2 24 | $6.9M | $8.9M | ||
| Q1 24 | $2.4M | $-9.1M |
| Q4 25 | $25.3M | — | ||
| Q3 25 | $23.9M | — | ||
| Q2 25 | $12.0M | — | ||
| Q1 25 | $14.0M | — | ||
| Q4 24 | $21.8M | $16.5M | ||
| Q3 24 | $13.4M | $29.1M | ||
| Q2 24 | $4.0M | $-15.3M | ||
| Q1 24 | $-631.0K | $-22.7M |
| Q4 25 | 6.7% | — | ||
| Q3 25 | 6.5% | — | ||
| Q2 25 | 3.4% | — | ||
| Q1 25 | 4.1% | — | ||
| Q4 24 | 6.5% | 4.8% | ||
| Q3 24 | 4.1% | 8.0% | ||
| Q2 24 | 1.3% | -4.3% | ||
| Q1 24 | -0.2% | -6.5% |
| Q4 25 | 1.0% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.6% | 11.1% | ||
| Q3 24 | 0.6% | 6.3% | ||
| Q2 24 | 0.9% | 6.8% | ||
| Q1 24 | 1.0% | 3.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 23.67× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.45× | ||
| Q1 24 | — | — |
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% |
UTZ
Segment breakdown not available.
