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

REED'S, INC. is the larger business by last-quarter revenue ($7.5M vs $6.3M, roughly 1.2× Almonty Industries Inc.). REED'S, INC. runs the higher net margin — -50.5% vs -86.1%, a 35.5% 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.

Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.

ALM vs REED — Head-to-Head

Bigger by revenue
REED
REED
1.2× larger
REED
$7.5M
$6.3M
ALM
Higher net margin
REED
REED
35.5% more per $
REED
-50.5%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ALM
ALM
REED
REED
Revenue
$6.3M
$7.5M
Net Profit
$-5.4M
$-3.8M
Gross Margin
20.4%
Operating Margin
-46.9%
Net Margin
-86.1%
-50.5%
Revenue YoY
-23.1%
Net Profit YoY
8.2%
EPS (diluted)
$-1.26

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
REED
REED
Q4 25
$7.5M
Q3 25
$6.3M
$7.0M
Q2 25
$7.2M
$9.5M
Q1 25
$10.0M
Q4 24
$9.7M
Q3 24
$6.8M
Q2 24
$11.9M
Q1 24
$9.6M
Net Profit
ALM
ALM
REED
REED
Q4 25
$-3.8M
Q3 25
$-5.4M
$-4.0M
Q2 25
$-58.2M
$-6.0M
Q1 25
$-2.0M
Q4 24
$-4.1M
Q3 24
$-4.2M
Q2 24
$-3.2M
Q1 24
$-1.7M
Gross Margin
ALM
ALM
REED
REED
Q4 25
20.4%
Q3 25
17.4%
Q2 25
8.5%
Q1 25
33.9%
Q4 24
30.0%
Q3 24
18.0%
Q2 24
32.3%
Q1 24
35.6%
Operating Margin
ALM
ALM
REED
REED
Q4 25
-46.9%
Q3 25
-58.3%
Q2 25
-60.8%
Q1 25
-17.4%
Q4 24
-37.6%
Q3 24
-46.5%
Q2 24
-5.6%
Q1 24
-6.8%
Net Margin
ALM
ALM
REED
REED
Q4 25
-50.5%
Q3 25
-86.1%
-56.6%
Q2 25
-809.4%
-63.5%
Q1 25
-20.3%
Q4 24
-42.3%
Q3 24
-61.5%
Q2 24
-27.1%
Q1 24
-17.4%
EPS (diluted)
ALM
ALM
REED
REED
Q4 25
$-1.26
Q3 25
$-0.48
Q2 25
$-0.13
Q1 25
$-0.04
Q4 24
$-3.73
Q3 24
$-4.91
Q2 24
$-0.77
Q1 24
$-0.40

Balance Sheet & Financial Strength

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

Metric
ALM
ALM
REED
REED
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$9.2M
Total Assets
$23.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
ALM
ALM
REED
REED
Q4 25
$9.2M
Q3 25
$2.8M
Q2 25
$1.7M
Q1 25
$4.7M
Q4 24
$6.6M
Q3 24
$-22.0M
Q2 24
$-23.8M
Q1 24
$-20.7M
Total Assets
ALM
ALM
REED
REED
Q4 25
$23.3M
Q3 25
$19.9M
Q2 25
$23.7M
Q1 25
$24.5M
Q4 24
$25.1M
Q3 24
$15.0M
Q2 24
$18.7M
Q1 24
$19.3M

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
REED
REED
Operating Cash FlowLast quarter
$-3.8M
Free Cash FlowOCF − Capex
$-3.9M
FCF MarginFCF / Revenue
-52.0%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-17.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
REED
REED
Q4 25
$-3.8M
Q3 25
$-2.8M
Q2 25
$-5.0M
Q1 25
$-5.4M
Q4 24
$-3.9M
Q3 24
$1.1M
Q2 24
$-912.0K
Q1 24
$-2.4M
Free Cash Flow
ALM
ALM
REED
REED
Q4 25
$-3.9M
Q3 25
$-2.9M
Q2 25
$-5.1M
Q1 25
$-5.4M
Q4 24
$-4.0M
Q3 24
$1.0M
Q2 24
$-924.0K
Q1 24
$-2.4M
FCF Margin
ALM
ALM
REED
REED
Q4 25
-52.0%
Q3 25
-41.5%
Q2 25
-53.2%
Q1 25
-54.2%
Q4 24
-40.8%
Q3 24
15.3%
Q2 24
-7.8%
Q1 24
-25.1%
Capex Intensity
ALM
ALM
REED
REED
Q4 25
1.1%
Q3 25
1.4%
Q2 25
0.2%
Q1 25
0.7%
Q4 24
1.0%
Q3 24
0.3%
Q2 24
0.1%
Q1 24
0.2%

Financial Flow Comparison

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

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