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Side-by-side financial comparison of TSS, Inc. (TSSI) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $60.9M, roughly 1.3× TSS, Inc.). TSS, Inc. runs the higher net margin — 20.0% vs 7.4%, a 12.6% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 21.8%). TSS, Inc. produced more free cash flow last quarter ($15.8M vs $9.7M). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs 22.7%).

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

TSSI vs VMD — Head-to-Head

Bigger by revenue
VMD
VMD
1.3× larger
VMD
$76.2M
$60.9M
TSSI
Growing faster (revenue YoY)
VMD
VMD
+3.8% gap
VMD
25.5%
21.8%
TSSI
Higher net margin
TSSI
TSSI
12.6% more per $
TSSI
20.0%
7.4%
VMD
More free cash flow
TSSI
TSSI
$6.1M more FCF
TSSI
$15.8M
$9.7M
VMD
Faster 2-yr revenue CAGR
TSSI
TSSI
Annualised
TSSI
95.8%
22.7%
VMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TSSI
TSSI
VMD
VMD
Revenue
$60.9M
$76.2M
Net Profit
$12.2M
$5.6M
Gross Margin
17.6%
57.9%
Operating Margin
1.5%
11.0%
Net Margin
20.0%
7.4%
Revenue YoY
21.8%
25.5%
Net Profit YoY
535.7%
30.7%
EPS (diluted)
$0.44
$0.14

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
TSSI
TSSI
VMD
VMD
Q4 25
$60.9M
$76.2M
Q3 25
$41.9M
$71.9M
Q2 25
$44.0M
$63.1M
Q1 25
$99.0M
$59.1M
Q4 24
$50.0M
$60.7M
Q3 24
$70.1M
$58.0M
Q2 24
$12.2M
$55.0M
Q1 24
$15.9M
$50.6M
Net Profit
TSSI
TSSI
VMD
VMD
Q4 25
$12.2M
$5.6M
Q3 25
$-1.5M
$3.5M
Q2 25
$1.5M
$3.2M
Q1 25
$3.0M
$2.6M
Q4 24
$1.9M
$4.3M
Q3 24
$2.6M
$3.9M
Q2 24
$1.4M
$1.5M
Q1 24
$15.0K
$1.6M
Gross Margin
TSSI
TSSI
VMD
VMD
Q4 25
17.6%
57.9%
Q3 25
11.1%
57.5%
Q2 25
17.8%
58.3%
Q1 25
9.3%
56.3%
Q4 24
14.4%
59.5%
Q3 24
11.3%
59.3%
Q2 24
37.3%
59.8%
Q1 24
17.1%
58.9%
Operating Margin
TSSI
TSSI
VMD
VMD
Q4 25
1.5%
11.0%
Q3 25
-2.2%
7.8%
Q2 25
5.1%
8.1%
Q1 25
4.2%
6.5%
Q4 24
0.0%
10.6%
Q3 24
5.4%
9.7%
Q2 24
14.0%
6.6%
Q1 24
1.6%
4.4%
Net Margin
TSSI
TSSI
VMD
VMD
Q4 25
20.0%
7.4%
Q3 25
-3.6%
4.9%
Q2 25
3.4%
5.0%
Q1 25
3.0%
4.4%
Q4 24
3.8%
7.1%
Q3 24
3.8%
6.7%
Q2 24
11.5%
2.7%
Q1 24
0.1%
3.2%
EPS (diluted)
TSSI
TSSI
VMD
VMD
Q4 25
$0.44
$0.14
Q3 25
$-0.06
$0.09
Q2 25
$0.06
$0.08
Q1 25
$0.12
$0.06
Q4 24
$0.08
$0.10
Q3 24
$0.10
$0.10
Q2 24
$0.06
$0.04
Q1 24
$0.00
$0.04

Balance Sheet & Financial Strength

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

Metric
TSSI
TSSI
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$85.5M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$76.6M
$141.5M
Total Assets
$184.9M
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TSSI
TSSI
VMD
VMD
Q4 25
$85.5M
$13.5M
Q3 25
$70.7M
$11.1M
Q2 25
$20.0M
Q1 25
$10.2M
Q4 24
$23.2M
$17.5M
Q3 24
$46.4M
$11.3M
Q2 24
$8.3M
$8.8M
Q1 24
$14.4M
$7.3M
Stockholders' Equity
TSSI
TSSI
VMD
VMD
Q4 25
$76.6M
$141.5M
Q3 25
$63.4M
$133.6M
Q2 25
$9.5M
$139.7M
Q1 25
$9.4M
$134.8M
Q4 24
$7.1M
$131.4M
Q3 24
$7.7M
$125.0M
Q2 24
$5.2M
$119.4M
Q1 24
$3.7M
$116.3M
Total Assets
TSSI
TSSI
VMD
VMD
Q4 25
$184.9M
$199.2M
Q3 25
$165.4M
$202.4M
Q2 25
$139.5M
$184.6M
Q1 25
$113.5M
$178.1M
Q4 24
$96.6M
$177.1M
Q3 24
$67.3M
$169.5M
Q2 24
$28.9M
$163.9M
Q1 24
$26.8M
$154.9M

Cash Flow & Capital Efficiency

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

Metric
TSSI
TSSI
VMD
VMD
Operating Cash FlowLast quarter
$16.3M
$18.4M
Free Cash FlowOCF − Capex
$15.8M
$9.7M
FCF MarginFCF / Revenue
25.9%
12.7%
Capex IntensityCapex / Revenue
0.9%
11.5%
Cash ConversionOCF / Net Profit
1.34×
3.27×
TTM Free Cash FlowTrailing 4 quarters
$2.1M
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TSSI
TSSI
VMD
VMD
Q4 25
$16.3M
$18.4M
Q3 25
$-18.4M
$18.4M
Q2 25
$16.3M
$12.3M
Q1 25
$20.6M
$2.9M
Q4 24
$-21.6M
$15.0M
Q3 24
$38.6M
$12.7M
Q2 24
$-4.3M
$10.2M
Q1 24
$2.6M
$1.2M
Free Cash Flow
TSSI
TSSI
VMD
VMD
Q4 25
$15.8M
$9.7M
Q3 25
$-24.9M
$10.7M
Q2 25
$5.4M
$4.1M
Q1 25
$5.8M
$-12.6M
Q4 24
$-28.4M
$3.2M
Q3 24
$38.6M
$1.7M
Q2 24
$-6.0M
$1.2M
Q1 24
$2.6M
$-4.8M
FCF Margin
TSSI
TSSI
VMD
VMD
Q4 25
25.9%
12.7%
Q3 25
-59.3%
14.9%
Q2 25
12.3%
6.5%
Q1 25
5.8%
-21.4%
Q4 24
-56.7%
5.2%
Q3 24
55.1%
3.0%
Q2 24
-49.4%
2.3%
Q1 24
16.4%
-9.5%
Capex Intensity
TSSI
TSSI
VMD
VMD
Q4 25
0.9%
11.5%
Q3 25
15.3%
10.6%
Q2 25
24.8%
12.9%
Q1 25
15.0%
26.2%
Q4 24
13.4%
19.5%
Q3 24
0.1%
19.0%
Q2 24
13.8%
16.3%
Q1 24
0.2%
11.9%
Cash Conversion
TSSI
TSSI
VMD
VMD
Q4 25
1.34×
3.27×
Q3 25
5.23×
Q2 25
11.02×
3.88×
Q1 25
6.93×
1.09×
Q4 24
-11.32×
3.47×
Q3 24
14.60×
3.29×
Q2 24
-3.09×
6.94×
Q1 24
176.40×
0.73×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TSSI
TSSI

Procurement Revenues Segment$43.2M71%
System Integration Services Segment$14.2M23%
Facilities Segment$3.5M6%

VMD
VMD

Segment breakdown not available.

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