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Caris Life Sciences vs Guardant Health: revenue, profit, margins and growth compared

Caris Life Sciences brought in $812M of revenue in fiscal 2025, Guardant Health $982M in fiscal 2025. Revenue changed by +97.0% at Caris Life Sciences and +32.9% at Guardant Health on the year before, so Caris Life Sciences grew faster. Caris Life Sciences kept -8.4% of its revenue as net profit, Guardant Health -42.4%. Free cash flow was $66.9M at Caris Life Sciences and -$233.1M at Guardant Health.

Side by side, latest fiscal year

CAIGH
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$812M$982M
Revenue growth+97.0%+32.9%
Net income-$68.1M-$416.3M
Net margin-8.4%-42.4%
Free cash flow$66.9M-$233.1M
Free cash flow margin8.2%-23.7%
Earnings per share (diluted)-$3.22-$3.32
Cash$796.3M$378.2M
Debt$378.5M$1.5B
Price to earningsn/an/a
Market value$9B$23.8B
Dividend yieldn/an/a
Rank by revenue in sector#161 of 523 · Health care#146 of 523 · Health care

Over the years

Revenue
CAI FY2023: $306.1MCAI FY2025: $412.3MCAI FY2025: $812MGH FY2018: $90.6MGH FY2019: $214.4MGH FY2020: $286.7MGH FY2021: $373.7MGH FY2022: $449.5MGH FY2023: $563.9MGH FY2024: $739MGH FY2025: $982MFY18FY19FY20FY21FY22FY23FY24FY25
CAI $812MGH $982M
Net income
CAI FY2023: -$341.4MCAI FY2025: -$281.9MCAI FY2025: -$68.1MGH FY2018: -$85.1MGH FY2019: -$75.7MGH FY2020: -$253.8MGH FY2021: -$384.8MGH FY2022: -$654.6MGH FY2023: -$479.4MGH FY2024: -$436.4MGH FY2025: -$416.3MFY18FY19FY20FY21FY22FY23FY24FY25
CAI -$68.1MGH -$416.3M
Net margin
CAI FY2023: -111.5%CAI FY2025: -68.4%CAI FY2025: -8.4%GH FY2018: -93.8%GH FY2019: -35.3%GH FY2020: -88.5%GH FY2021: -103.0%GH FY2022: -145.6%GH FY2023: -85.0%GH FY2024: -59.0%GH FY2025: -42.4%FY18FY19FY20FY21FY22FY23FY24FY25
CAI -8.4%GH -42.4%
Revenue growth
CAI FY2025: +34.7%CAI FY2025: +97.0%GH FY2019: +136.5%GH FY2020: +33.8%GH FY2021: +30.3%GH FY2022: +20.3%GH FY2023: +25.5%GH FY2024: +31.0%GH FY2025: +32.9%FY19FY20FY21FY22FY23FY24FY25
CAI +97.0%GH +32.9%
Free cash flow
CAI FY2023: -$298.4MCAI FY2025: -$253.6MCAI FY2025: $66.9MGH FY2018: -$92.4MGH FY2019: -$65.9MGH FY2020: -$140.1MGH FY2021: -$284.1MGH FY2022: -$386.9MGH FY2023: -$345.5MGH FY2024: -$274.9MGH FY2025: -$233.1MFY18FY19FY20FY21FY22FY23FY24FY25
CAI $66.9MGH -$233.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about Caris Life Sciences and Guardant Health

Which is bigger by revenue, Caris Life Sciences or Guardant Health?

Guardant Health is bigger by revenue: $982M in fiscal 2025, against $812M for Caris Life Sciences in fiscal 2025.

Which keeps more of its revenue as profit, Caris Life Sciences or Guardant Health?

Caris Life Sciences had a net margin of -8.4% in fiscal 2025; Guardant Health had -42.4% in fiscal 2025.

Which grew revenue faster, Caris Life Sciences or Guardant Health?

In their latest fiscal years revenue changed by +97.0% at Caris Life Sciences and +32.9% at Guardant Health.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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