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Marpai vs Sotera Health: revenue, profit, margins and growth compared

Marpai brought in $18.1M of revenue in fiscal 2025, Sotera Health $1.2B in fiscal 2025. Revenue changed by -35.8% at Marpai and +5.7% at Sotera Health on the year before, so Sotera Health grew faster. Marpai kept -91.5% of its revenue as net profit, Sotera Health 6.7%.

Side by side, latest fiscal year

MRAISHC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$18.1M$1.2B
Revenue growth-35.8%+5.7%
Net income-$16.6M$77.9M
Net margin-91.5%6.7%
Free cash flown/a$149.2M
Free cash flow marginn/a12.8%
Earnings per share (diluted)-$0.95$0.27
Cash$133K$344.6M
Debt$19.4M$2.1B
Price to earningsn/a68.3
Market value$91M$5.3B
Dividend yieldn/an/a
Rank by revenue in sector#481 of 742 · Health care#146 of 742 · Health care

Over the years

Revenue
MRAI FY2021: $14.2MMRAI FY2022: $24.3MMRAI FY2023: $37.2MMRAI FY2024: $28.2MMRAI FY2025: $18.1MSHC FY2019: $778.3MSHC FY2021: $818.2MSHC FY2021: $931.5MSHC FY2022: $1BSHC FY2023: $1BSHC FY2024: $1.1BSHC FY2025: $1.2BFY19FY21FY22FY23FY24FY25
MRAI $18.1MSHC $1.2B
Net income
MRAI FY2021: -$3.9MMRAI FY2021: -$16MMRAI FY2022: -$26.5MMRAI FY2023: -$28.8MMRAI FY2024: -$22.1MMRAI FY2025: -$16.6MSHC FY2019: -$20.9MSHC FY2021: -$38.6MSHC FY2021: $116.9MSHC FY2022: -$233.6MSHC FY2023: $51.4MSHC FY2024: $44.4MSHC FY2025: $77.9MFY19FY21FY22FY23FY24FY25
MRAI -$16.6MSHC $77.9M
Net margin
MRAI FY2021: -112.4%MRAI FY2022: -108.7%MRAI FY2023: -77.4%MRAI FY2024: -78.4%MRAI FY2025: -91.5%SHC FY2019: -2.7%SHC FY2021: -4.7%SHC FY2021: 12.5%SHC FY2022: -23.3%SHC FY2023: 4.9%SHC FY2024: 4.0%SHC FY2025: 6.7%FY19FY21FY22FY23FY24FY25
MRAI -91.5%SHC 6.7%
Revenue growth
MRAI FY2022: +71.1%MRAI FY2023: +52.6%MRAI FY2024: -24.2%MRAI FY2025: -35.8%SHC FY2021: +5.1%SHC FY2021: +13.9%SHC FY2022: +7.8%SHC FY2023: +4.5%SHC FY2024: +4.9%SHC FY2025: +5.7%FY21FY22FY23FY24FY25
MRAI -35.8%SHC +5.7%
Free cash flow
MRAI FY2021: -$2MMRAI FY2021: -$11.1MMRAI FY2022: -$35.6MSHC FY2019: $91.8MSHC FY2021: $67.1MSHC FY2021: $179.4MSHC FY2022: $95.6MSHC FY2023: -$362.7MSHC FY2024: $45.1MSHC FY2025: $149.2MFY19FY21FY22FY23FY24FY25
MRAI -$35.6MSHC $149.2M

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

Questions about Marpai and Sotera Health

Which is bigger by revenue, Marpai or Sotera Health?

Sotera Health is bigger by revenue: $1.2B in fiscal 2025, against $18.1M for Marpai in fiscal 2025.

Which keeps more of its revenue as profit, Marpai or Sotera Health?

Marpai had a net margin of -91.5% in fiscal 2025; Sotera Health had 6.7% in fiscal 2025.

Which grew revenue faster, Marpai or Sotera Health?

In their latest fiscal years revenue changed by -35.8% at Marpai and +5.7% at Sotera 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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