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Sanuwave Health vs Utah Medical Products: SNWV and UTMD compared
Sanuwave Health is the larger company: $9.7M of revenue in its latest quarter (Q2 2026) against $8.5M for Utah Medical Products (Q2 2026). Sanuwave Health is growing faster (-3% against -14% a year earlier). Utah Medical Products is more profitable, with an operating margin of 31.1% against -2.9%.
Where the money goes: SNWV and UTMD
Sanuwave Health (SNWV) · Q2 2026
Sanuwave Health, Q2 2026: revenue $9.7M (-3% year over year), operating margin -2.9%, net loss $682K, operating cash flow $425K. The chart follows the revenue to costs, profit and cash.
Utah Medical Products (UTMD) · Q2 2026
Utah Medical Products, Q2 2026: revenue $8.5M (-14% year over year), operating margin 31.1%, net earnings $2.7M, operating cash flow $1.4M. The chart follows the revenue to costs, profit and cash.
| Sanuwave Health (SNWV) | Utah Medical Products (UTMD) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $9.7M | $8.5M |
| Revenue growth, Y/Y | -3% | -14% |
| Gross margin | — | 55.8% |
| Operating margin | -2.9% | 31.1% |
| Net earnings | −$682K | $2.7M |
| Net margin | -7.0% | 31.5% |
| Operating cash flow | $425K | $1.4M |
| Free cash flow | $91K | $1.2M |
Where the revenue comes from
Sanuwave Health
- Consumables, parts, and accessories revenue: $7.3M (75%)
- System revenue: $2.3M (23%)
- Extended warranty: $78K (1%)
- Other: $48K (0%)
Utah Medical Products
- Gynecology/Electrosurgery/Urology: $4.3M (50%)
- Neonatal: $1.9M (22%)
- Blood Pressure Monitoring and Accessories: $1.3M (15%)
- Obstetrics: $1.1M (12%)
Questions
Which is bigger, Sanuwave Health or Utah Medical Products?
Sanuwave Health is the larger company: $9.7M of revenue in its latest quarter (Q2 2026) against $8.5M for Utah Medical Products (Q2 2026).
Is Sanuwave Health or Utah Medical Products growing faster?
Sanuwave Health is growing faster (-3% against -14% a year earlier).
Which is more profitable, Sanuwave Health or Utah Medical Products?
Utah Medical Products is more profitable, with an operating margin of 31.1% against -2.9%.
More: Sanuwave Health earnings · how Sanuwave Health makes money · Utah Medical Products earnings · how Utah Medical Products makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.