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

Immunovant, Inc. is the larger business by last-quarter revenue ($8.4M vs $6.3M, roughly 1.3× Almonty Industries Inc.). Almonty Industries Inc. runs the higher net margin — -86.1% vs -899.0%, a 813.0% 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.

Immunovant, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative monoclonal antibody therapies for patients with serious, rare autoimmune and inflammatory diseases. Its lead product candidate covers multiple autoimmune indications, with core U.S. operations and a global market expansion strategy.

ALM vs IMVT — Head-to-Head

Bigger by revenue
IMVT
IMVT
1.3× larger
IMVT
$8.4M
$6.3M
ALM
Higher net margin
ALM
ALM
813.0% more per $
ALM
-86.1%
-899.0%
IMVT

Income Statement — Q3 FY2025 vs Q4 FY2024

Metric
ALM
ALM
IMVT
IMVT
Revenue
$6.3M
$8.4M
Net Profit
$-5.4M
$-75.3M
Gross Margin
Operating Margin
-896.2%
Net Margin
-86.1%
-899.0%
Revenue YoY
140.7%
Net Profit YoY
-26.7%
EPS (diluted)
$-0.50

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
IMVT
IMVT
Q3 25
$6.3M
Q2 25
$7.2M
Q1 24
$8.4M
Q4 23
$8.9M
Q3 23
$3.6M
Q2 23
$4.1M
Q1 23
$3.5M
Q4 22
$2.9M
Net Profit
ALM
ALM
IMVT
IMVT
Q3 25
$-5.4M
Q2 25
$-58.2M
Q1 24
$-75.3M
Q4 23
$-51.4M
Q3 23
$-58.7M
Q2 23
$-73.9M
Q1 23
$-59.4M
Q4 22
$-63.2M
Operating Margin
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
-896.2%
Q4 23
-576.8%
Q3 23
-1629.6%
Q2 23
-1819.1%
Q1 23
-1736.3%
Q4 22
-2134.5%
Net Margin
ALM
ALM
IMVT
IMVT
Q3 25
-86.1%
Q2 25
-809.4%
Q1 24
-899.0%
Q4 23
-575.6%
Q3 23
-1642.3%
Q2 23
-1818.9%
Q1 23
-1707.8%
Q4 22
-2147.7%
EPS (diluted)
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
$-0.50
Q4 23
$-0.36
Q3 23
$-0.45
Q2 23
$-0.57
Q1 23
$-0.46
Q4 22
$-0.49

Balance Sheet & Financial Strength

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

Metric
ALM
ALM
IMVT
IMVT
Cash + ST InvestmentsLiquidity on hand
$635.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$617.8M
Total Assets
$666.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
$635.4M
Q4 23
$690.9M
Q3 23
$269.9M
Q2 23
$330.0M
Q1 23
$376.5M
Q4 22
$432.6M
Stockholders' Equity
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
$617.8M
Q4 23
$679.3M
Q3 23
$251.8M
Q2 23
$299.9M
Q1 23
$362.5M
Q4 22
$414.7M
Total Assets
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
$666.4M
Q4 23
$711.4M
Q3 23
$292.1M
Q2 23
$351.2M
Q1 23
$405.8M
Q4 22
$456.2M

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
IMVT
IMVT
Operating Cash FlowLast quarter
$-59.7M
Free Cash FlowOCF − Capex
$-59.8M
FCF MarginFCF / Revenue
-714.4%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-214.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
$-59.7M
Q4 23
$-47.1M
Q3 23
$-60.1M
Q2 23
$-47.4M
Q1 23
$-55.8M
Q4 22
$-46.4M
Free Cash Flow
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
$-59.8M
Q4 23
$-47.2M
Q3 23
$-60.1M
Q2 23
$-47.4M
Q1 23
$-55.8M
Q4 22
$-46.5M
FCF Margin
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
-714.4%
Q4 23
-528.7%
Q3 23
-1682.4%
Q2 23
-1166.4%
Q1 23
-1604.0%
Q4 22
-1579.2%
Capex Intensity
ALM
ALM
IMVT
IMVT
Q3 25
Q2 25
Q1 24
1.8%
Q4 23
1.5%
Q3 23
1.0%
Q2 23
1.1%
Q1 23
0.7%
Q4 22
3.3%

Financial Flow Comparison

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

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