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Employees: 127
Size Carlsmed (CARL) is a United States Information Technology company (Information Technology Services) with a market value of $396M, the 2865th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.52 on 6 Nov 2026.
Performance Over six months the shares gained 48.2%, against -11.4% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 65.4% over the last twelve months (peer median +8.2%); the operating margin is -61.1% (peer median 8.5%).
Valuation It trades at 5.2× enterprise value to sales against a peer median of 1.6× (4th most expensive of 20).
Capital Return on invested capital runs 195.6 points below its cost of capital (14.2% WACC).
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $63.3M | $50.5M | $27.2M | $13.8M |
| Revenue growth | — | +86% | +97% | — |
| Gross profit | $48.5M | $38.0M | $20.0M | $9.90M |
| EBITDA | -$38.3M | -$30.3M | -$24.0M | -$18.5M |
| Net income | -$36.3M | -$29.6M | -$24.3M | -$18.9M |
| Free cash flow | -$34.6M | -$29.6M | -$25.6M | -$17.6M |
| Capital expenditure | $1.53M | $1.36M | $180,000 | $135,000 |
| Total debt | $21.9M | $17.4M | $17.2M | $11.4M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CARL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.4% | -5.3% | 6th highest of 21 |
| 6-month return | +48.2% | -11.4% | 2nd highest of 21 |
| Distance from 52-week high | -15.7% | -32.7% | 5th highest of 21 |
| Revenue growth (TTM) | +65.4% | +8.2% | 2nd highest of 21 |
| Operating margin | -61.1% | 8.5% | 2nd lowest of 21 |
| EV / Sales | 5.2× | 1.6× | 4th most expensive of 20 |
| ROIC minus cost of capital | -195.6 pp | +5.0 pp | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Carlsmed CARL | United States | $396M | +48% | +65% | -61% | 5.2× | n/a | n/a |
| Weihai Huadong Automation 002248.SZ | China | $396M | -34% | +1% | 8% | 7.9× | 36.8% | +10.1% |
| Tsuzuki Denki 8157.T | Japan | $395M | +9% | +8% | 7% | 0.3× | -9.2% | -2.9% |
| CI&T CINT | United States | $394M | -21% | +20% | 11% | 0.9× | -4.4% | +21.4% |
| Lians Technology 300051.SZ | China | $399M | -57% | -50% | -114% | 17.7× | n/a | n/a |
| Yidu Tech 2158.HK | Hong Kong | $392M | -53% | +17% | -11% | 0.9× | 2.9% | -1.9% |
| HCR 688500.SS | China | $391M | -28% | +5% | -17% | 3.9× | n/a | n/a |
| init innovation in traffic systems IXX.DE | Germany | $404M | -37% | +33% | 10% | 1.0× | 1.1% | +12.8% |
| Beijing Haohan Data Technology 688292.SS | China | $408M | -23% | +6% | -12% | 6.0× | n/a | n/a |
| m-up 3661.T | Japan | $413M | +24% | +22% | 16% | 1.6× | -7.5% | +20.8% |
| Computer Engineering & Consulting 9692.T | Japan | $420M | +5% | +18% | 11% | 0.6× | -18.5% | +6.5% |
| BizConf Technology 300578.SZ | China | $373M | -41% | -3% | -13% | 5.0× | n/a | n/a |
| Smaregi 4431.T | Japan | $421M | +42% | +21% | 26% | 4.2× | -3.2% | +32.0% |
| ChinaEtek Service and Technology 301208.SZ | China | $369M | -25% | +47% | 3% | 1.1× | n/a | n/a |
| JFE Systems 4832.T | Japan | $369M | -2% | -14% | 11% | 0.6× | -19.0% | +4.3% |
| Comp CMP.WA | Poland | $427M | +64% | +7% | 11% | 1.8× | 6.0% | +3.3% |
| Telos TLS | United States | $360M | +8% | +66% | -2% | 1.6× | -2.3% | -1.7% |
| Sword SWP.PA | France | $360M | +4% | +8% | 9% | 1.1× | -0.1% | +11.0% |
| I'LL 3854.T | Japan | $357M | -6% | +8% | 27% | 2.3× | -11.5% | +9.6% |
| Altia Consultores ALC.MC | Spain | $444M | -17% | +23% | 8% | n/a | n/a | n/a |
| SRA 3817.T | Japan | $352M | 0% | -5% | 16% | 0.7× | -20.2% | +6.2% |