vs

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

Almonty Industries Inc. is the larger business by last-quarter revenue ($6.3M vs $3.8M, roughly 1.6× Motorsport Games Inc.). Motorsport Games Inc. runs the higher net margin — 21.8% vs -86.1%, a 107.9% 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.

Motorsport Games Inc. is an American video game developer, publisher and esports event organizer based in Miramar, Florida. Motorsport Games is owned by Driven Lifestyle Group LLC.

ALM vs MSGM — Head-to-Head

Bigger by revenue
ALM
ALM
1.6× larger
ALM
$6.3M
$3.8M
MSGM
Higher net margin
MSGM
MSGM
107.9% more per $
MSGM
21.8%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALM
ALM
MSGM
MSGM
Revenue
$6.3M
$3.8M
Net Profit
$-5.4M
$839.3K
Gross Margin
85.0%
Operating Margin
14.9%
Net Margin
-86.1%
21.8%
Revenue YoY
94.9%
Net Profit YoY
131.8%
EPS (diluted)
$0.14

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
MSGM
MSGM
Q4 25
$3.8M
Q3 25
$6.3M
$3.1M
Q2 25
$7.2M
$2.6M
Q1 25
$1.8M
Q4 24
$2.0M
Q3 24
$1.8M
Q2 24
$1.9M
Q1 24
$3.0M
Net Profit
ALM
ALM
MSGM
MSGM
Q4 25
$839.3K
Q3 25
$-5.4M
$789.3K
Q2 25
$-58.2M
$4.3M
Q1 25
$1.0M
Q4 24
$-2.6M
Q3 24
$-554.6K
Q2 24
$2.1M
Q1 24
$-1.7M
Gross Margin
ALM
ALM
MSGM
MSGM
Q4 25
85.0%
Q3 25
80.7%
Q2 25
82.4%
Q1 25
73.5%
Q4 24
45.8%
Q3 24
60.2%
Q2 24
59.0%
Q1 24
78.0%
Operating Margin
ALM
ALM
MSGM
MSGM
Q4 25
14.9%
Q3 25
25.8%
Q2 25
75.9%
Q1 25
-5.3%
Q4 24
-33.5%
Q3 24
-107.2%
Q2 24
Q1 24
-40.1%
Net Margin
ALM
ALM
MSGM
MSGM
Q4 25
21.8%
Q3 25
-86.1%
25.5%
Q2 25
-809.4%
164.3%
Q1 25
59.2%
Q4 24
-133.7%
Q3 24
-30.8%
Q2 24
111.9%
Q1 24
-55.0%
EPS (diluted)
ALM
ALM
MSGM
MSGM
Q4 25
$0.14
Q3 25
$0.14
Q2 25
$0.82
Q1 25
$0.33
Q4 24
$-0.92
Q3 24
$-0.18
Q2 24
$0.77
Q1 24
$-0.61

Balance Sheet & Financial Strength

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

Metric
ALM
ALM
MSGM
MSGM
Cash + ST InvestmentsLiquidity on hand
$5.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$6.8M
Total Assets
$12.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
MSGM
MSGM
Q4 25
$5.0M
Q3 25
$4.1M
Q2 25
$2.4M
Q1 25
$1.1M
Q4 24
$859.3K
Q3 24
$1.1M
Q2 24
$300.0K
Q1 24
$500.0K
Stockholders' Equity
ALM
ALM
MSGM
MSGM
Q4 25
$6.8M
Q3 25
$5.9M
Q2 25
$4.8M
Q1 25
$648.4K
Q4 24
$496.3K
Q3 24
$4.1M
Q2 24
$4.3M
Q1 24
$2.1M
Total Assets
ALM
ALM
MSGM
MSGM
Q4 25
$12.0M
Q3 25
$10.1M
Q2 25
$8.2M
Q1 25
$6.1M
Q4 24
$6.3M
Q3 24
$7.0M
Q2 24
$7.2M
Q1 24
$9.8M

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
MSGM
MSGM
Operating Cash FlowLast quarter
$1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.07×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
MSGM
MSGM
Q4 25
$1.7M
Q3 25
$2.1M
Q2 25
$-30.5K
Q1 25
$305.2K
Q4 24
$-1.1M
Q3 24
$-680.3K
Q2 24
$-695.9K
Q1 24
$-373.7K
Capex Intensity
ALM
ALM
MSGM
MSGM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
ALM
ALM
MSGM
MSGM
Q4 25
2.07×
Q3 25
2.61×
Q2 25
-0.01×
Q1 25
0.29×
Q4 24
Q3 24
Q2 24
-0.33×
Q1 24

Financial Flow Comparison

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

Related Comparisons