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

Almonty Industries Inc. is the larger business by last-quarter revenue ($6.3M vs $4.6M, roughly 1.4× NeoVolta Inc.). Almonty Industries Inc. runs the higher net margin — -86.1% vs -119.2%, a 33.2% 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.

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

ALM vs NEOV — Head-to-Head

Bigger by revenue
ALM
ALM
1.4× larger
ALM
$6.3M
$4.6M
NEOV
Higher net margin
ALM
ALM
33.2% more per $
ALM
-86.1%
-119.2%
NEOV

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
ALM
ALM
NEOV
NEOV
Revenue
$6.3M
$4.6M
Net Profit
$-5.4M
$-5.5M
Gross Margin
16.6%
Operating Margin
-96.4%
Net Margin
-86.1%
-119.2%
Revenue YoY
333.5%
Net Profit YoY
-470.3%
EPS (diluted)
$-0.16

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
NEOV
NEOV
Q4 25
$4.6M
Q3 25
$6.3M
$6.7M
Q2 25
$7.2M
$4.8M
Q1 25
$2.0M
Q4 24
$1.1M
Q3 24
$590.2K
Q2 24
$579.2K
Q1 24
$283.9K
Net Profit
ALM
ALM
NEOV
NEOV
Q4 25
$-5.5M
Q3 25
$-5.4M
$-1.2M
Q2 25
$-58.2M
$-1.6M
Q1 25
$-1.4M
Q4 24
$-971.1K
Q3 24
$-964.5K
Q2 24
Q1 24
$-589.5K
Gross Margin
ALM
ALM
NEOV
NEOV
Q4 25
16.6%
Q3 25
23.7%
Q2 25
12.1%
Q1 25
25.5%
Q4 24
30.2%
Q3 24
15.7%
Q2 24
3.0%
Q1 24
58.5%
Operating Margin
ALM
ALM
NEOV
NEOV
Q4 25
-96.4%
Q3 25
-12.8%
Q2 25
-30.2%
Q1 25
-68.1%
Q4 24
-88.4%
Q3 24
-163.6%
Q2 24
Q1 24
-211.5%
Net Margin
ALM
ALM
NEOV
NEOV
Q4 25
-119.2%
Q3 25
-86.1%
-18.7%
Q2 25
-809.4%
-34.7%
Q1 25
-72.0%
Q4 24
-90.6%
Q3 24
-163.4%
Q2 24
Q1 24
-207.6%
EPS (diluted)
ALM
ALM
NEOV
NEOV
Q4 25
$-0.16
Q3 25
$-0.04
Q2 25
$-0.05
Q1 25
$-0.04
Q4 24
$-0.03
Q3 24
$-0.03
Q2 24
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
ALM
ALM
NEOV
NEOV
Cash + ST InvestmentsLiquidity on hand
$242.4K
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0M
Total Assets
$10.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
NEOV
NEOV
Q4 25
$242.4K
Q3 25
$889.8K
Q2 25
$794.8K
Q1 25
$536.0K
Q4 24
$328.7K
Q3 24
$393.4K
Q2 24
$986.4K
Q1 24
$1.0M
Stockholders' Equity
ALM
ALM
NEOV
NEOV
Q4 25
$5.0M
Q3 25
$2.1M
Q2 25
$2.9M
Q1 25
$3.8M
Q4 24
$3.3M
Q3 24
$3.9M
Q2 24
$4.6M
Q1 24
$5.1M
Total Assets
ALM
ALM
NEOV
NEOV
Q4 25
$10.1M
Q3 25
$8.4M
Q2 25
$6.8M
Q1 25
$5.7M
Q4 24
$4.0M
Q3 24
$4.2M
Q2 24
$4.7M
Q1 24
$5.2M

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
NEOV
NEOV
Operating Cash FlowLast quarter
$-2.1M
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
NEOV
NEOV
Q4 25
$-2.1M
Q3 25
$-2.5M
Q2 25
$-924.2K
Q1 25
$-2.1M
Q4 24
$-858.3K
Q3 24
$-593.0K
Q2 24
$-1.0M
Q1 24
$-485.3K

Financial Flow Comparison

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

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