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

Maase Inc. is the larger business by last-quarter revenue ($9.9M vs $6.3M, roughly 1.6× Almonty Industries Inc.).

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.

ALM vs MAAS — Head-to-Head

Bigger by revenue
MAAS
MAAS
1.6× larger
MAAS
$9.9M
$6.3M
ALM

Income Statement — Q3 FY2025 vs Q2 FY2023

Metric
ALM
ALM
MAAS
MAAS
Revenue
$6.3M
$9.9M
Net Profit
$-5.4M
Gross Margin
78.7%
Operating Margin
-55.9%
Net Margin
-86.1%
Revenue YoY
Net Profit YoY
EPS (diluted)

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
MAAS
MAAS
Q3 25
$6.3M
Q2 25
$7.2M
Q4 22
$9.9M
Net Profit
ALM
ALM
MAAS
MAAS
Q3 25
$-5.4M
Q2 25
$-58.2M
Q4 22
Gross Margin
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
78.7%
Operating Margin
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
-55.9%
Net Margin
ALM
ALM
MAAS
MAAS
Q3 25
-86.1%
Q2 25
-809.4%
Q4 22

Balance Sheet & Financial Strength

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

Metric
ALM
ALM
MAAS
MAAS
Cash + ST InvestmentsLiquidity on hand
$10.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.6M
Total Assets
$47.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
$10.9M
Stockholders' Equity
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
$31.6M
Total Assets
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
$47.0M

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
MAAS
MAAS
Operating Cash FlowLast quarter
$-18.2M
Free Cash FlowOCF − Capex
$-18.3M
FCF MarginFCF / Revenue
-184.4%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
$-18.2M
Free Cash Flow
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
$-18.3M
FCF Margin
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
-184.4%
Capex Intensity
ALM
ALM
MAAS
MAAS
Q3 25
Q2 25
Q4 22
1.0%

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALM
ALM

Segment breakdown not available.

MAAS
MAAS

Wealth management$7.8M78%
Insurance consulting$1.0M10%
Other$975.0K10%
Asset management$168.0K2%

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