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Side-by-side financial comparison of Almonty Industries Inc. (ALM) and Wetouch Technology Inc. (WETH). 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× Wetouch Technology Inc.). Wetouch Technology Inc. runs the higher net margin — 66.4% vs -86.1%, a 152.4% 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.

Wetouch Technology Inc. is a global provider of advanced touch panel solutions, specializing in capacitive touchscreens, custom touch modules and interactive display components. It serves core markets including consumer electronics, automotive, industrial control, and smart home sectors, supplying tailored hardware products to leading global brand partners.

ALM vs WETH — Head-to-Head

Bigger by revenue
ALM
ALM
1.6× larger
ALM
$6.3M
$3.8M
WETH
Higher net margin
WETH
WETH
152.4% more per $
WETH
66.4%
-86.1%
ALM

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
ALM
ALM
WETH
WETH
Revenue
$6.3M
$3.8M
Net Profit
$-5.4M
$2.5M
Gross Margin
Operating Margin
82.1%
Net Margin
-86.1%
66.4%
Revenue YoY
-7.3%
Net Profit YoY
-5.0%
EPS (diluted)
$0.21

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
WETH
WETH
Q3 25
$6.3M
$3.8M
Q2 25
$7.2M
$4.0M
Q1 25
$5.0M
Q3 24
$4.1M
Q2 24
$4.4M
Q1 24
$5.5M
Q4 23
$2.4M
Q3 23
$11.1M
Net Profit
ALM
ALM
WETH
WETH
Q3 25
$-5.4M
$2.5M
Q2 25
$-58.2M
$2.2M
Q1 25
$2.6M
Q3 24
$2.7M
Q2 24
$2.7M
Q1 24
$558.9K
Q4 23
$-2.1M
Q3 23
$2.9M
Gross Margin
ALM
ALM
WETH
WETH
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
60.7%
Q4 23
5.1%
Q3 23
42.9%
Operating Margin
ALM
ALM
WETH
WETH
Q3 25
82.1%
Q2 25
77.0%
Q1 25
79.6%
Q3 24
84.8%
Q2 24
85.3%
Q1 24
41.9%
Q4 23
-85.5%
Q3 23
38.5%
Net Margin
ALM
ALM
WETH
WETH
Q3 25
-86.1%
66.4%
Q2 25
-809.4%
56.0%
Q1 25
51.4%
Q3 24
64.8%
Q2 24
61.9%
Q1 24
10.2%
Q4 23
-86.8%
Q3 23
25.7%
EPS (diluted)
ALM
ALM
WETH
WETH
Q3 25
$0.21
Q2 25
$0.19
Q1 25
$0.21
Q3 24
$0.22
Q2 24
$0.23
Q1 24
$0.04
Q4 23
$-0.23
Q3 23
$0.29

Balance Sheet & Financial Strength

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

Metric
ALM
ALM
WETH
WETH
Cash + ST InvestmentsLiquidity on hand
$113.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$135.2M
Total Assets
$139.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALM
ALM
WETH
WETH
Q3 25
$113.2M
Q2 25
$110.5M
Q1 25
$106.4M
Q3 24
$106.7M
Q2 24
$98.4M
Q1 24
$94.8M
Q4 23
$98.0M
Q3 23
$93.9M
Stockholders' Equity
ALM
ALM
WETH
WETH
Q3 25
$135.2M
Q2 25
$131.8M
Q1 25
$127.9M
Q3 24
$129.5M
Q2 24
$122.5M
Q1 24
$120.5M
Q4 23
$112.9M
Q3 23
$111.7M
Total Assets
ALM
ALM
WETH
WETH
Q3 25
$139.9M
Q2 25
$137.0M
Q1 25
$133.7M
Q3 24
$133.1M
Q2 24
$125.9M
Q1 24
$123.1M
Q4 23
$119.6M
Q3 23
$119.4M

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
WETH
WETH
Operating Cash FlowLast quarter
$3.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALM
ALM
WETH
WETH
Q3 25
$3.8M
Q2 25
$2.6M
Q1 25
$2.0M
Q3 24
$4.6M
Q2 24
$3.9M
Q1 24
$-9.2M
Q4 23
$3.7M
Q3 23
$2.2M
Free Cash Flow
ALM
ALM
WETH
WETH
Q3 25
Q2 25
Q1 25
Q3 24
$4.6M
Q2 24
$3.9M
Q1 24
$-9.3M
Q4 23
Q3 23
FCF Margin
ALM
ALM
WETH
WETH
Q3 25
Q2 25
Q1 25
Q3 24
111.6%
Q2 24
88.8%
Q1 24
-169.5%
Q4 23
Q3 23
Capex Intensity
ALM
ALM
WETH
WETH
Q3 25
Q2 25
Q1 25
Q3 24
0.1%
Q2 24
0.1%
Q1 24
2.0%
Q4 23
Q3 23
Cash Conversion
ALM
ALM
WETH
WETH
Q3 25
1.51×
Q2 25
1.18×
Q1 25
0.80×
Q3 24
1.73×
Q2 24
1.44×
Q1 24
-16.49×
Q4 23
Q3 23
0.79×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALM
ALM

Segment breakdown not available.

WETH
WETH

CN$2.0M53%
Other$1.8M47%

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