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Heartsciences Inc's Competitiveness

A competitive positioning analysis and financial ratio benchmarking of Heartsciences Inc (HSCS) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.

Peer Data As of Q1 2026
Competitors Tracked
8
Publicly traded peers
Peer Group Market Share
0.00 %
vs 0.00 % a year ago
Revenue Growth Y/Y
10.53 %
Peers: 8.92 %
Net Margin
-151,064.00 %
Peers: 0.05 %

Key Findings: Heartsciences Inc vs Its Competitors

  • Growth: Heartsciences Inc generated 10.5% revenue growth year over year in Q1 2026, vs 8.9% for its tracked competitors combined.
  • Profitability: Its -151,064.0% net margin compares with 0.1% for the peer group.
  • Scale: Heartsciences Inc ranks #167 of 247 companies by market capitalization in the Medical Equipment & Supplies industry, holding 0.0% of industry market cap.
  • Peer revenue share: Heartsciences Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.

Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).

HSCS Sales vs. its Competitors, Q1 2026

Heartsciences Inc reported revenue growth of 10.53 % year on year in Q1 2026, above its competitors' combined revenue growth of 8.92 %.

With a net margin of -151,064.00 %, Heartsciences Inc reported lower profitability than its competitors (0.05 %).

Heartsciences Inc generated 0.00 % of the combined sales of its peer group, up from 0.00 % a year earlier.

API endpoints for this dataset
https://api.csimarket.com/api/v1/companies/HSCS/competitors
https://api.csimarket.com/api/v1/companies/HSCS/relationships
https://api.csimarket.com/api/v1/companies/HSCS/similar
Programmatic access for models, analytics, and integration workflows.

Heartsciences Inc vs. its Competitors, Q1 2026

Revenue growth, year on year

Heartsciences Inc +10.5 %
Competitors combined +8.9 %

Net margin

Heartsciences Inc -151,064.0 %
Competitors combined +0.1 %

TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.

Competitor Financial Benchmarking - TTM Commercial

TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Heartsciences Inc and its 4 competitor groupings. Available under Commercial License.

Entity TTM Revenue Latest Q ×4 Rev Run-rate vs TTM TTM Net Income TTM Net Margin
Heartsciences Inc $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitors combined $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
High-Confidence Competitors (1) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Similar-Size Competitors (8) $12,345M $12,345M +12.3% · Accelerating $1,234M 12.3%
Competitor Financial Benchmarking

TTM revenue, run-rate and net margin benchmarking across Heartsciences Inc's competitor groups requires a Commercial License.

For context: the Medical Equipment & Supplies industry grew revenue 15.0% year over year, combined, vs 10.5% for Heartsciences Inc. Heartsciences Inc's share of combined industry revenue moved from 0.00% to 0.00%, a gain of 0.00 percentage points.

Heartsciences Inc's Competitor Quality Breadth

Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).

Entity Profitable Expanding Above Industry Growth Distressed
Heartsciences Inc - - - Yes
Competitors combined (8) 57% 71% 43% 14%
High-Confidence Competitors (3) 67% 67% 0% 33%
Similar-Size Competitors (10) 0% 57% 43% 25%

Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.

Market Share of the Peer Group, Q1 2026

0%market share
  • Heartsciences Inc0.0%
  • Competitors combined100.0%

Share of combined quarterly revenue of Heartsciences Inc and its 8 tracked competitors.

See Heartsciences Inc's full market share breakdown »

HSCS Stock Performance relative to its Competitors

HSCS Competitors (weighted) Percent change over the selected range

Heartsciences Inc's Share Price Performance vs Peer Groups

Trailing 12-month total share price return, and the share of each group that outperformed the U.S.A. 500 over the same period. Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC.
16.7%beat U.S.A. 500
Competitors Combined
(1 of 6)
0%beat U.S.A. 500
High-Confidence
(0 of 3)
25%beat U.S.A. 500
Similar-Size
(2 of 8)
Entity TTM Share Price Return
(group: median)
vs U.S.A. 500
Heartsciences Inc 20.30 % Outperformed
Competitors combined (6) 40.4% 63.2%
High-Confidence Competitors (3) 40.4% 63.2%
Similar-Size Competitors (8) 40.4% 63.2%
Similar Growth & Profitability (0) 40.4% 63.2%
Peer Group Share Price Returns

TTM share price return and U.S.A. 500 outperformance for Heartsciences Inc's competitor groups requires a Commercial License.

Source: CSIMarket API (daily market-structure computation). Outperformance is trailing-12-month total return vs the U.S.A. 500 over the same window, not risk-adjusted.

HSCS Stock Performance relative to High-Confidence Competitors

HSCS High-Confidence Competitors (equal-weighted, 3) Percent change over the selected range

HSCS Stock Performance relative to Similar-Size Competitors

HSCS Similar-Size Competitors (equal-weighted, 10) Percent change over the selected range

5 Best-Performing Tracked Competitors, Trailing 12 Months

#CompetitorTTM Share Price Returnvs U.S.A. 500
1 Lifestance Health Group Inc 282.9% Outperformed
2 Masimo Corp 282.9% Outperformed
3 Abbott Laboratories 282.9% Outperformed
4 Teladoc Health Inc 282.9% Outperformed
5 Irhythm Holdings Inc 282.9% Outperformed
Best-Performing Competitor Returns

TTM share price return and U.S.A. 500 outperformance for Heartsciences Inc's best-performing tracked competitors requires a Commercial License.

Source: CSIMarket API, trailing 12 months.

Heartsciences Inc's Comment on Competition and Industry Peers

The medical device industry features rapid technological advancements and intense competition, with a focus on proprietary products. Key competitors include traditional ECG manufacturers such as GE Healthcare Technologies, Inc., Koninklijke Philips N.V., Baxter International, Inc., and Nihon Kohden Corporation. New entrants in the AI-ECG market include Anumana, Inc., as well as companies involved in AI healthcare like Tempus Labs, Inc. and VIZ.ai. These companies are engaged in research and development of products comparable to HeartSciences' AI-ECG algorithms and MyoVista hardware.

Publicly Traded Peers of Heartsciences Inc

Revenue and income for trailing 12 months, in millions of $, except employees
Company Market Cap Revenues Income Employees
Heartsciences Inc 16.09 - -10.26 -
Abbott Laboratories 175,353.72 45,134.00 6,276.00 115,000
Masimo Corp 9,465.37 1,557.00 76.30 2,200
Lifestance Health Group Inc 4,558.51 1,584.83 50.60 10,961
Irhythm Holdings Inc 3,757.92 825.70 -13.95 2,400
Teladoc Health Inc 1,062.62 2,489.48 -177.40 5,600
SUBTOTAL 194,337.40 53,222.49 5,992.26 140,142
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Sources: Heartsciences Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Heartsciences Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.

Heartsciences Inc's Competitors Named by the Company

Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.
Competitor Basis Confidence Active Sources
Baxter International, Inc. Named by the company 85% 2022 to 2026 3
VIZ.ai Named by the company 85% 2022 to 2026 3
Nihon Kohden Corporation Named by the company 85% 2022 to 2026 3
GE Healthcare Technologies, Inc. Named by the company 85% 2022 to 2026 3
Anumana, Inc. Named by the company 85% 2022 to 2026 3
Tempus Labs, Inc. Named by the company 85% 2022 to 2026 3
Koninklijke Philips N.V. Named by the company 85% 2022 to 2026 3
Competitor Evidence Detail

Filing basis, confidence, active dates and source counts for Heartsciences Inc's named competitors require a Commercial License.

Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.

Heartsciences Inc's Business Segment Mix vs Peers

Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).
Company Largest Segment 2nd Segment 3rd Segment
Abbott Laboratories Diabetes Care 17.78 % Core Laboratory 12.19 % Adult Nutritionals 10.39 %
Masimo Corp Health Care 99.95 % - -
Teladoc Health Inc Teladoc Health Integrated Care 64.42 % BetterHelp 35.58 % -
Carecloud Inc Healthcare IT 87.96 % Medical Practice Management 12.04 % -
P3 Health Partners Inc Single Reportable 100.00 % - -

Source: operating segment revenue as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).

Heartsciences Inc's Productivity vs Peers Comparison

Revenue and income per employee, trailing 12 months, in $; market cap in millions of $
CompanyMarket CapRevenue / EmployeeIncome / Employee
Heartsciences Inc 16 - -
Abbott Laboratories 175,354 392,470 54,574
Masimo Corp 9,465 707,727 34,682
Lifestance Health Group Inc 4,559 144,588 4,616
Irhythm Holdings Inc 3,758 344,043 -5,811
Teladoc Health Inc 1,063 444,550 -31,678
PEERS TOTAL 194,321 379,775 42,832
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Heartsciences Inc's Geographic Revenue Exposure vs Peers

Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.
Company Largest Market 2nd Market 3rd Market
Abbott Laboratories Non-US 61.62 % - -
Teladoc Health Inc United States 80.07 % Non-US 19.93 % -

Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.

Heartsciences Inc's Position in Industry Market Structure

Market-capitalization share and concentration across all 222 companies in Heartsciences Inc's industry classification, broader than the peer set above. Market cap in millions of $.

Heartsciences Inc ranks #167 of 222 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 589, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).

Rank Company Market Cap Industry Share
1 Intuitive Surgical Inc 148,204 13.47 %
2 Medtronic Plc 115,016 10.45 %
3 Stryker Corp 106,270 9.66 %
4 3m Company 88,536 8.05 %
5 Boston Scientific Corporation 1,234 5.2%
6 Becton Dickinson And Company 1,234 5.2%
7 Edwards Lifesciences Corporation 1,234 5.2%
8 Dexcom Inc 1,234 5.2%
9 Resmed Inc 1,234 5.2%
10 Alcon inc 1,234 5.2%
167 Heartsciences Inc 16 0.00 %
Full Industry Market Structure

Market cap and industry share for the rest of Heartsciences Inc's industry peers requires a Commercial License.

Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-28.

Heartsciences Inc's Same-Size Peers & Stock Performance

Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.
Rank Company Market Cap TTM Return 3M Momentum Beta Sharpe (1Y)
162 Retractable Technologies Inc 21 -17.70 % -6.42 % 0.49 -0.27
163 Heartbeam Inc 20 -78.18 % -49.99 % 1.42 -0.33
164 Lifeward ltd 19 -3.49 % -2.77 % 1.19 0.31
165 Beyond Air Inc 19 15.45 % 474.79 % -1.21 -16.89
166 Guided Therapeutics Inc 1,234 12.3% 4.5% 1.10 0.80
167 Heartsciences Inc 16 20.32 % 61.29 % 0.57 0.61
168 Allurion Technologies Inc 1,234 12.3% 4.5% 1.10 0.80
169 Endra Life Sciences Inc 1,234 12.3% 4.5% 1.10 0.80
170 Seastar Medical Holding Corp 1,234 12.3% 4.5% 1.10 0.80
171 Cytosorbents Corporation 1,234 12.3% 4.5% 1.10 0.80
172 Neuroone Medical Technologies Corp 1,234 12.3% 4.5% 1.10 0.80
Full Same-Size Peer Performance

Market cap, return, momentum, beta and Sharpe ratio for the rest of Heartsciences Inc's same-size peers requires a Commercial License.

Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.

Heartsciences Inc's Valuation vs Competitive Position

Valuation multiples vs the Medical Equipment & Supplies industry average (288 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Medical Equipment & Supplies industry valuation benchmarks.
Metric Company Industry Average Difference
P/E - 34.6x -
EV / EBITDA - 19.7x -
P/B 6.7x 4.7x +2.0x
Return on Equity -847.91 % industry aggregate -859.97 %
Return on Invested Capital -334.52 % -2.32 % (avg) -332.20 %

Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.

Heartsciences Inc's Multi-Year Financial Trajectory

Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.
Metric 202320242025
Revenue Growth ---
Operating Margin ---
Return on Invested Capital -143.60 %-64.79 %-179.58 %
P/E ---

Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.

Heartsciences Inc's BCG Growth-Share Matrix

Relative market share (vs Heartsciences Inc's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.

Question Mark Star Dog Cash Cow Relative Market Share (vs largest competitor) Industry Revenue Growth (%) Heartsciences Inc

Heartsciences Inc falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 9.2% (median, trailing 12 months).

Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.

Heartsciences Inc's Competitive Forces (Porter's Five Forces)

Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.
Force Assessment Basis
Competitive Rivalry High Industry HHI of 589 (see Industry Market Structure & Concentration above)
Supplier Power Not covered on this page See Heartsciences Inc's dedicated suppliers page for concentration and dependency data
Buyer Power Not covered on this page See Heartsciences Inc's dedicated customers page for concentration and dependency data
Threat of Substitutes - No systematic data source for cross-product substitution exists in this system; not estimated

Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.

Heartsciences Inc's Industry Attractiveness & Competitive Strength

A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.

High Strength
Medium Strength
Low Strength
High Attractiveness
Invest / Grow
Invest / Grow
Selective
Medium Attractiveness
Invest / Grow
Selective
Harvest
Low Attractiveness
Selective
Harvest
Harvest / Divest Heartsciences Inc

Heartsciences Inc falls in the Low attractiveness / Low strength cell: Harvest / Divest.

Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.

Heartsciences Inc's SWOT

Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.

Strengths

  • Outperforming the U.S.A. 500 over the trailing 12 months.

Weaknesses

  • Return on equity 860.0 points below the industry aggregate.
  • Low relative market share vs the industry leader (0.00x).
  • Piotroski F-Score of 2 or below, the standard financial-distress signal.

Opportunities

No rule matched.

Threats

No rule matched.

Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.

Heartsciences Inc's Financial Strength vs Peers Comparison

Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months
CompanyQuick RatioWorking CapitalDebt / EquityAsset Turnover
Heartsciences Inc 0.42 0.74 2.13 -
Abbott Laboratories 0.47 1.60 0.35 0.49
Masimo Corp 0.45 2.48 0.63 0.82
Lifestance Health Group Inc 0.88 1.52 0.18 0.73
Irhythm Holdings Inc 1.96 4.50 4.18 0.80
Teladoc Health Inc 1.17 1.73 0.73 0.88
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.

Heartsciences Inc's Revenue and Income Growth vs Peers

Quarterly revenue and net income growth, year over year and quarter over quarter
CompanyPeriodRevenue Y/YRevenue Q/QIncome Y/YIncome Q/Q
Heartsciences Inc Q2 2026+10.5 %---
Abbott LaboratoriesQ1 2026+7.8 %-2.6 %-18.7 %-39.4 %
Masimo CorpQ1 2026+8.3 %-2.5 %--16.4 %
Lifestance Health Group Inc Q2 2026+26.1 %+7.9 %-+65.8 %
Irhythm Holdings Inc Q2 2026+20.6 %+12.4 %--
Teladoc Health Inc Q2 2026-4.0 %-1.1 %--
PEERS TOTAL+7.9 %-1.9 %+6.7 %-36.5 %
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.

Heartsciences Inc's Peers' Costs of Sales and Capital Expenditures

Context for revenue growth: peer costs and capex, year over year and quarter over quarter
CompanyPeriodCosts Y/YCosts Q/QCapex Y/YCapex Q/Q
Heartsciences Inc Q2 2026+0.0 %-+34,311.2 %+1,863.7 %
Abbott LaboratoriesQ1 2026+9.4 %-0.7 %-17.6 %-42.1 %
Masimo CorpQ1 2026+10.1 %-8.4 %+29.3 %-38.4 %
Lifestance Health Group Inc Q2 2026--+54.7 %+11.4 %
Irhythm Holdings Inc Q2 2026+15.0 %+5.1 %+30.8 %+96.5 %
Teladoc Health Inc Q2 2026+0.2 %-3.4 %-30.4 %+16.1 %
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Heartsciences Inc's Returns and Turnover vs Peers

ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover
CompanyROAROIROEReceivables TurnoverInventory Turnover
Heartsciences Inc ----0.00
Abbott Laboratories6.87%8.15%12.09%5.602.91
Masimo Corp4.04%5.17%9.08%5.801.66
Lifestance Health Group Inc 2.33%2.61%3.39%14.07-
Irhythm Holdings Inc ---10.4210.79
Teladoc Health Inc ---11.8822.32
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).

Heartsciences Inc's Valuation vs Peers

P/E, price to sales, PEG, price to cash flow and price to book
CompanyP/EPrice / SalesPEGP/CFPrice / Book
Heartsciences Inc ----71.17
Abbott Laboratories27.963.89-647.063.33
Masimo Corp124.106.08--12.00
Lifestance Health Group Inc -2.88-123.163.09
Irhythm Holdings Inc -4.55--20.21
Teladoc Health Inc -0.43-11.070.81
PEERS AVERAGE32.433.65712.253.44
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.