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Side-by-side financial comparison of UTAH MEDICAL PRODUCTS INC (UTMD) and VerifyMe, Inc. (VRME). Click either name above to swap in a different company.

UTAH MEDICAL PRODUCTS INC is the larger business by last-quarter revenue ($9.0M vs $5.0M, roughly 1.8× VerifyMe, Inc.). UTAH MEDICAL PRODUCTS INC runs the higher net margin — 28.4% vs -66.7%, a 95.0% gap on every dollar of revenue. On growth, UTAH MEDICAL PRODUCTS INC posted the faster year-over-year revenue change (-1.2% vs -7.4%). Over the past eight quarters, VerifyMe, Inc.'s revenue compounded faster (-5.2% CAGR vs -10.7%).

Varian Medical Systems is an American radiation oncology treatments and software maker based in Palo Alto, California. Their medical devices include linear accelerators (LINACs) and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy. The company supplies software for managing cancer clinics, radiotherapy centers, and medical oncology practices. Varian Medical Systems employs more than 7,100 people at manufacturing sites...

VerifyMe, Inc. is a technology provider specializing in identity verification, anti-counterfeiting, and brand protection solutions. Its offerings include secure authentication tools, supply chain traceability systems, and customer engagement platforms, serving consumer goods, pharmaceutical, and retail sectors across North America and select global markets.

UTMD vs VRME — Head-to-Head

Bigger by revenue
UTMD
UTMD
1.8× larger
UTMD
$9.0M
$5.0M
VRME
Growing faster (revenue YoY)
UTMD
UTMD
+6.2% gap
UTMD
-1.2%
-7.4%
VRME
Higher net margin
UTMD
UTMD
95.0% more per $
UTMD
28.4%
-66.7%
VRME
Faster 2-yr revenue CAGR
VRME
VRME
Annualised
VRME
-5.2%
-10.7%
UTMD

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
UTMD
UTMD
VRME
VRME
Revenue
$9.0M
$5.0M
Net Profit
$2.6M
$-3.4M
Gross Margin
58.2%
41.2%
Operating Margin
27.0%
-68.2%
Net Margin
28.4%
-66.7%
Revenue YoY
-1.2%
-7.4%
Net Profit YoY
-11.6%
-38.4%
EPS (diluted)
$0.80
$-0.26

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
UTMD
UTMD
VRME
VRME
Q4 25
$9.0M
Q3 25
$9.8M
$5.0M
Q2 25
$10.0M
$4.5M
Q1 25
$9.7M
$4.5M
Q4 24
$9.2M
Q3 24
$10.0M
$5.4M
Q2 24
$10.4M
$5.4M
Q1 24
$11.3M
$5.8M
Net Profit
UTMD
UTMD
VRME
VRME
Q4 25
$2.6M
Q3 25
$2.6M
$-3.4M
Q2 25
$3.0M
$-291.0K
Q1 25
$3.0M
$-571.0K
Q4 24
$2.9M
Q3 24
$3.6M
$-2.4M
Q2 24
$3.5M
$-346.0K
Q1 24
$4.0M
$-553.0K
Gross Margin
UTMD
UTMD
VRME
VRME
Q4 25
58.2%
Q3 25
57.1%
41.2%
Q2 25
56.2%
35.2%
Q1 25
57.0%
33.4%
Q4 24
58.1%
Q3 24
58.0%
34.9%
Q2 24
60.1%
39.1%
Q1 24
59.7%
39.2%
Operating Margin
UTMD
UTMD
VRME
VRME
Q4 25
27.0%
Q3 25
26.6%
-68.2%
Q2 25
32.1%
-7.1%
Q1 25
32.5%
-13.3%
Q4 24
32.0%
Q3 24
33.4%
-52.8%
Q2 24
33.1%
-10.0%
Q1 24
34.2%
-11.2%
Net Margin
UTMD
UTMD
VRME
VRME
Q4 25
28.4%
Q3 25
26.8%
-66.7%
Q2 25
30.6%
-6.4%
Q1 25
31.3%
-12.8%
Q4 24
31.7%
Q3 24
35.6%
-44.6%
Q2 24
33.2%
-6.5%
Q1 24
34.9%
-9.6%
EPS (diluted)
UTMD
UTMD
VRME
VRME
Q4 25
$0.80
Q3 25
$0.82
$-0.26
Q2 25
$0.94
$-0.02
Q1 25
$0.92
$-0.05
Q4 24
$0.86
Q3 24
$1.03
$-0.23
Q2 24
$0.98
$-0.03
Q1 24
$1.09
$-0.05

Balance Sheet & Financial Strength

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

Metric
UTMD
UTMD
VRME
VRME
Cash + ST InvestmentsLiquidity on hand
$85.8M
Total DebtLower is stronger
$225.0K
Stockholders' EquityBook value
$119.3M
$11.1M
Total Assets
$122.5M
$13.3M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
UTMD
UTMD
VRME
VRME
Q4 25
$85.8M
Q3 25
$84.3M
Q2 25
$82.2M
Q1 25
$83.3M
Q4 24
$83.0M
Q3 24
$88.5M
$2.6M
Q2 24
$89.2M
$2.9M
Q1 24
$93.8M
$2.8M
Total Debt
UTMD
UTMD
VRME
VRME
Q4 25
$225.0K
Q3 25
Q2 25
Q1 25
$269.0K
Q4 24
$282.0K
Q3 24
$500.0K
Q2 24
$600.0K
Q1 24
$800.0K
Stockholders' Equity
UTMD
UTMD
VRME
VRME
Q4 25
$119.3M
Q3 25
$118.3M
$11.1M
Q2 25
$117.5M
$14.4M
Q1 25
$117.0M
$14.6M
Q4 24
$117.4M
Q3 24
$124.2M
$10.3M
Q2 24
$124.1M
$12.3M
Q1 24
$127.7M
$12.4M
Total Assets
UTMD
UTMD
VRME
VRME
Q4 25
$122.5M
Q3 25
$122.0M
$13.3M
Q2 25
$120.8M
$17.2M
Q1 25
$122.5M
$17.1M
Q4 24
$122.5M
Q3 24
$129.7M
$14.8M
Q2 24
$130.0M
$17.5M
Q1 24
$135.4M
$17.9M
Debt / Equity
UTMD
UTMD
VRME
VRME
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.05×
Q2 24
0.05×
Q1 24
0.06×

Cash Flow & Capital Efficiency

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

Metric
UTMD
UTMD
VRME
VRME
Operating Cash FlowLast quarter
$3.5M
$243.0K
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
37.2%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
UTMD
UTMD
VRME
VRME
Q4 25
$3.5M
Q3 25
$3.9M
$243.0K
Q2 25
$2.9M
$710.0K
Q1 25
$4.5M
$-404.0K
Q4 24
$2.9M
Q3 24
$3.9M
$-10.0K
Q2 24
$2.8M
$372.0K
Q1 24
$5.3M
$-60.0K
Free Cash Flow
UTMD
UTMD
VRME
VRME
Q4 25
$3.4M
Q3 25
$3.9M
Q2 25
$2.8M
Q1 25
$4.3M
Q4 24
$2.9M
Q3 24
$3.8M
$-12.0K
Q2 24
$2.7M
$369.0K
Q1 24
$5.3M
$-62.0K
FCF Margin
UTMD
UTMD
VRME
VRME
Q4 25
37.2%
Q3 25
39.2%
Q2 25
28.4%
Q1 25
44.1%
Q4 24
32.0%
Q3 24
37.7%
-0.2%
Q2 24
25.5%
6.9%
Q1 24
46.3%
-1.1%
Capex Intensity
UTMD
UTMD
VRME
VRME
Q4 25
1.2%
Q3 25
0.3%
Q2 25
0.5%
Q1 25
1.9%
Q4 24
0.1%
Q3 24
0.9%
0.0%
Q2 24
1.1%
0.1%
Q1 24
0.2%
0.0%
Cash Conversion
UTMD
UTMD
VRME
VRME
Q4 25
1.36×
Q3 25
1.47×
Q2 25
0.94×
Q1 25
1.47×
Q4 24
1.01×
Q3 24
1.08×
Q2 24
0.80×
Q1 24
1.33×

Financial Flow Comparison

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

Revenue Breakdown by Segment

UTMD
UTMD

Segment breakdown not available.

VRME
VRME

Proactive Services$4.2M83%
Other$869.0K17%

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