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

VisionWave Holdings, Inc. is the larger business by last-quarter revenue ($10.0M vs $6.3M, roughly 1.6× Almonty Industries Inc.). VisionWave Holdings, Inc. runs the higher net margin — -69.4% vs -86.1%, a 16.7% 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.

CoMix Wave Films, Inc. is a Japanese independent animation film studio and distribution company based in Chiyoda, Tokyo, Japan. The studio is known for its anime feature films, short films, and television commercials, particularly those made by director Makoto Shinkai. It was founded in March 2007 when it split from CoMix Wave Inc., which was initially formed in 1998 from Itochu Corporation, ASATSU, and other companies. On 15 October 2024, Toho announced that they'd acquired 45 shares or 6.0...

ALM vs VWAV — Head-to-Head

Bigger by revenue
VWAV
VWAV
1.6× larger
VWAV
$10.0M
$6.3M
ALM
Higher net margin
VWAV
VWAV
16.7% more per $
VWAV
-69.4%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
ALM
ALM
VWAV
VWAV
Revenue
$6.3M
$10.0M
Net Profit
$-5.4M
$-6.9M
Gross Margin
Operating Margin
-65.7%
Net Margin
-86.1%
-69.4%
Revenue YoY
Net Profit YoY
-1522.6%
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
VWAV
VWAV
Q4 25
$10.0M
Q3 25
$6.3M
Q2 25
$7.2M
Net Profit
ALM
ALM
VWAV
VWAV
Q4 25
$-6.9M
Q3 25
$-5.4M
Q2 25
$-58.2M
Operating Margin
ALM
ALM
VWAV
VWAV
Q4 25
-65.7%
Q3 25
Q2 25
Net Margin
ALM
ALM
VWAV
VWAV
Q4 25
-69.4%
Q3 25
-86.1%
Q2 25
-809.4%

Balance Sheet & Financial Strength

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

Metric
ALM
ALM
VWAV
VWAV
Cash + ST InvestmentsLiquidity on hand
$15.7K
Total DebtLower is stronger
Stockholders' EquityBook value
$3.1M
Total Assets
$18.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
VWAV
VWAV
Q4 25
$15.7K
Q3 25
Q2 25
Stockholders' Equity
ALM
ALM
VWAV
VWAV
Q4 25
$3.1M
Q3 25
Q2 25
Total Assets
ALM
ALM
VWAV
VWAV
Q4 25
$18.4M
Q3 25
Q2 25

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
VWAV
VWAV
Operating Cash FlowLast quarter
$-5.4M
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
VWAV
VWAV
Q4 25
$-5.4M
Q3 25
Q2 25

Financial Flow Comparison

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

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