Heartflow vs Si-bone
Heartflow and Si-bone are similar in size: $176m and $201m of revenue in their latest fiscal years. Heartflow grew faster (39.9% against 20.2%). Si-bone kept more of each dollar of sales as profit: a net margin of -9.4% against -66.3%.
| Latest fiscal year | HeartflowHTFL, 2025 | Si-boneSIBN, 2025 |
|---|---|---|
| Revenue | $176m | $201m |
| Revenue growth | 39.9% | 20.2% |
| Net income | −$117m | −$18.9m |
| Operating margin | -36.4% | -11.1% |
| Net margin | -66.3% | -9.4% |
| Return on equity | — | -11.0% |
| Free cash flow | −$59.0m | −$9.1m |
| Cash | $44.8m | $42.2m |
| Total debt | — | $36.0m |
| Debt to equity | — | 20.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 843 | 376 |
| Market value | $4.75bn | $1.05bn |
| Price vs our value range | — | — |
| Moat score | — | 27 (Weak) |
| Insider trades, 12 months | 1 buys, 38 sales | 0 buys, 106 sales |