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Guardant Health vs RadNet: revenue, profit, margins and growth compared

Guardant Health brought in $982M of revenue in fiscal 2025, RadNet $2B in fiscal 2025. Revenue changed by +32.9% at Guardant Health and +11.5% at RadNet on the year before, so Guardant Health grew faster. Guardant Health kept -42.4% of its revenue as net profit, RadNet -0.9%.

Side by side, latest fiscal year

GHRDNT
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$982M$2B
Revenue growth+32.9%+11.5%
Net income-$416.3M-$18.7M
Net margin-42.4%-0.9%
Free cash flow-$233.1Mn/a
Free cash flow margin-23.7%n/a
Earnings per share (diluted)-$3.32-$0.25
Cash$378.2M$767.2M
Debt$1.5B$1.1B
Price to earningsn/an/a
Market value$23.8B$5.6B
Dividend yieldn/an/a
Rank by revenue in sector#146 of 523 · Health care#108 of 523 · Health care

Over the years

Revenue
GH FY2018: $90.6MGH FY2019: $214.4MGH FY2020: $286.7MGH FY2021: $373.7MGH FY2022: $449.5MGH FY2023: $563.9MGH FY2024: $739MGH FY2025: $982MRDNT FY2018: $975.1MRDNT FY2019: $1.2BRDNT FY2020: $1.1BRDNT FY2021: $1.3BRDNT FY2022: $1.4BRDNT FY2023: $1.6BRDNT FY2024: $1.8BRDNT FY2025: $2BFY18FY19FY20FY21FY22FY23FY24FY25
GH $982MRDNT $2B
Net income
GH FY2018: -$85.1MGH FY2019: -$75.7MGH FY2020: -$253.8MGH FY2021: -$384.8MGH FY2022: -$654.6MGH FY2023: -$479.4MGH FY2024: -$436.4MGH FY2025: -$416.3MRDNT FY2018: $32.2MRDNT FY2019: $14.8MRDNT FY2020: -$14.8MRDNT FY2021: $24.7MRDNT FY2022: $10.7MRDNT FY2023: $3MRDNT FY2024: $2.8MRDNT FY2025: -$18.7MFY18FY19FY20FY21FY22FY23FY24FY25
GH -$416.3MRDNT -$18.7M
Net margin
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%RDNT FY2018: 3.3%RDNT FY2019: 1.3%RDNT FY2020: -1.4%RDNT FY2021: 1.9%RDNT FY2022: 0.7%RDNT FY2023: 0.2%RDNT FY2024: 0.2%RDNT FY2025: -0.9%FY18FY19FY20FY21FY22FY23FY24FY25
GH -42.4%RDNT -0.9%
Revenue growth
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%RDNT FY2019: +18.4%RDNT FY2020: -7.1%RDNT FY2021: +22.7%RDNT FY2022: +8.7%RDNT FY2023: +13.0%RDNT FY2024: +13.2%RDNT FY2025: +11.5%FY19FY20FY21FY22FY23FY24FY25
GH +32.9%RDNT +11.5%
Free cash flow
GH FY2018: -$92.4MGH FY2019: -$65.9MGH FY2020: -$140.1MGH FY2021: -$284.1MGH FY2022: -$386.9MGH FY2023: -$345.5MGH FY2024: -$274.9MGH FY2025: -$233.1MRDNT FY2018: $44.6MRDNT FY2019: $30.2MFY18FY19FY20FY21FY22FY23FY24FY25
GH -$233.1MRDNT $30.2M

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

Questions about Guardant Health and RadNet

Which is bigger by revenue, Guardant Health or RadNet?

RadNet is bigger by revenue: $2B in fiscal 2025, against $982M for Guardant Health in fiscal 2025.

Which keeps more of its revenue as profit, Guardant Health or RadNet?

Guardant Health had a net margin of -42.4% in fiscal 2025; RadNet had -0.9% in fiscal 2025.

Which grew revenue faster, Guardant Health or RadNet?

In their latest fiscal years revenue changed by +32.9% at Guardant Health and +11.5% at RadNet.

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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