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Side-by-side financial comparison of Almonty Industries Inc. (ALM) and Castellum, Inc. (CTM). Click either name above to swap in a different company.

Castellum, Inc. is the larger business by last-quarter revenue ($12.6M vs $6.3M, roughly 2.0× Almonty Industries Inc.). Castellum, Inc. runs the higher net margin — -10.5% vs -86.1%, a 75.5% gap on every dollar of revenue.

Almonty Industries Inc. is an international mining company primarily engaged in the extraction and development of tungsten resources. The company operates in Spain, Portugal, and South Korea and is publicly traded on the Toronto Stock Exchange (TSX). The current Chief Executive Officer is Lewis Black.

Castellum, Inc. is a U.S.-based cybersecurity and information technology services provider. It caters to government defense agencies, public sector entities, and commercial enterprise clients, offering threat detection, data protection, cloud security, and managed IT solutions to help organizations mitigate cyber risks and safeguard critical digital infrastructure.

ALM vs CTM — Head-to-Head

Bigger by revenue
CTM
CTM
2.0× larger
CTM
$12.6M
$6.3M
ALM
Higher net margin
CTM
CTM
75.5% more per $
CTM
-10.5%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALM
ALM
CTM
CTM
Revenue
$6.3M
$12.6M
Net Profit
$-5.4M
$-1.3M
Gross Margin
33.9%
Operating Margin
-11.1%
Net Margin
-86.1%
-10.5%
Revenue YoY
21.9%
Net Profit YoY
51.8%
EPS (diluted)
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ALM
ALM
CTM
CTM
Q4 25
$12.6M
Q3 25
$6.3M
$14.6M
Q2 25
$7.2M
$14.0M
Q1 25
$11.7M
Q4 24
$10.3M
Q3 24
$11.6M
Q2 24
$11.5M
Q1 24
$11.3M
Net Profit
ALM
ALM
CTM
CTM
Q4 25
$-1.3M
Q3 25
$-5.4M
$415.4K
Q2 25
$-58.2M
$-322.1K
Q1 25
$-1.2M
Q4 24
$-2.7M
Q3 24
$-1.3M
Q2 24
$-1.8M
Q1 24
$-4.1M
Gross Margin
ALM
ALM
CTM
CTM
Q4 25
33.9%
Q3 25
37.6%
Q2 25
36.1%
Q1 25
39.0%
Q4 24
40.0%
Q3 24
42.7%
Q2 24
40.6%
Q1 24
39.8%
Operating Margin
ALM
ALM
CTM
CTM
Q4 25
-11.1%
Q3 25
3.0%
Q2 25
-2.7%
Q1 25
-12.7%
Q4 24
-15.7%
Q3 24
-11.9%
Q2 24
-13.6%
Q1 24
-23.6%
Net Margin
ALM
ALM
CTM
CTM
Q4 25
-10.5%
Q3 25
-86.1%
2.8%
Q2 25
-809.4%
-2.3%
Q1 25
-10.0%
Q4 24
-26.6%
Q3 24
-11.0%
Q2 24
-16.0%
Q1 24
-36.3%
EPS (diluted)
ALM
ALM
CTM
CTM
Q4 25
$-0.02
Q3 25
$0.00
Q2 25
$0.00
Q1 25
$-0.01
Q4 24
$-0.05
Q3 24
$-0.02
Q2 24
$-0.03
Q1 24
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALM
ALM
CTM
CTM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$35.8M
Total Assets
$41.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
ALM
ALM
CTM
CTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$8.0M
Q3 24
$8.3M
Q2 24
$8.7M
Q1 24
$9.0M
Stockholders' Equity
ALM
ALM
CTM
CTM
Q4 25
$35.8M
Q3 25
$36.7M
Q2 25
$31.8M
Q1 25
$26.1M
Q4 24
$20.2M
Q3 24
$12.0M
Q2 24
$12.1M
Q1 24
$12.8M
Total Assets
ALM
ALM
CTM
CTM
Q4 25
$41.9M
Q3 25
$46.3M
Q2 25
$43.4M
Q1 25
$41.1M
Q4 24
$37.8M
Q3 24
$28.8M
Q2 24
$29.5M
Q1 24
$30.5M
Debt / Equity
ALM
ALM
CTM
CTM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.40×
Q3 24
0.69×
Q2 24
0.72×
Q1 24
0.70×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ALM
ALM
CTM
CTM
Operating Cash FlowLast quarter
$-661.7K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
CTM
CTM
Q4 25
$-661.7K
Q3 25
$1.0M
Q2 25
$214.2K
Q1 25
$-2.5M
Q4 24
$-394.4K
Q3 24
$742.2K
Q2 24
$748.6K
Q1 24
$23.7K
Free Cash Flow
ALM
ALM
CTM
CTM
Q4 25
Q3 25
$957.0K
Q2 25
Q1 25
Q4 24
Q3 24
$738.9K
Q2 24
Q1 24
FCF Margin
ALM
ALM
CTM
CTM
Q4 25
Q3 25
6.5%
Q2 25
Q1 25
Q4 24
Q3 24
6.4%
Q2 24
Q1 24
Capex Intensity
ALM
ALM
CTM
CTM
Q4 25
Q3 25
0.3%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ALM
ALM
CTM
CTM
Q4 25
Q3 25
2.41×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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