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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and Thryv Holdings, Inc. (THRY). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $85.2M, roughly 2.0× Amalgamated Financial Corp.). On growth, Amalgamated Financial Corp. posted the faster year-over-year revenue change (9.4% vs -7.5%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $-5.5M). Over the past eight quarters, Amalgamated Financial Corp.'s revenue compounded faster (4.3% CAGR vs -13.5%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

AMAL vs THRY — Head-to-Head

Bigger by revenue
THRY
THRY
2.0× larger
THRY
$167.7M
$85.2M
AMAL
Growing faster (revenue YoY)
AMAL
AMAL
+16.9% gap
AMAL
9.4%
-7.5%
THRY
More free cash flow
AMAL
AMAL
$139.9M more FCF
AMAL
$134.4M
$-5.5M
THRY
Faster 2-yr revenue CAGR
AMAL
AMAL
Annualised
AMAL
4.3%
-13.5%
THRY

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AMAL
AMAL
THRY
THRY
Revenue
$85.2M
$167.7M
Net Profit
$4.5M
Gross Margin
65.2%
Operating Margin
39.0%
37.3%
Net Margin
2.7%
Revenue YoY
9.4%
-7.5%
Net Profit YoY
147.2%
EPS (diluted)
$0.88
$0.10

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
AMAL
AMAL
THRY
THRY
Q1 26
$167.7M
Q4 25
$85.2M
$191.6M
Q3 25
$85.6M
$201.6M
Q2 25
$80.9M
$210.5M
Q1 25
$77.0M
$181.4M
Q4 24
$77.9M
$186.6M
Q3 24
$81.0M
$179.9M
Q2 24
$78.5M
$224.1M
Net Profit
AMAL
AMAL
THRY
THRY
Q1 26
$4.5M
Q4 25
$-9.7M
Q3 25
$26.8M
$5.7M
Q2 25
$26.0M
$13.9M
Q1 25
$25.0M
$-9.6M
Q4 24
$7.9M
Q3 24
$27.9M
$-96.1M
Q2 24
$26.8M
$5.5M
Gross Margin
AMAL
AMAL
THRY
THRY
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
Q2 24
66.3%
Operating Margin
AMAL
AMAL
THRY
THRY
Q1 26
37.3%
Q4 25
39.0%
5.3%
Q3 25
42.9%
9.9%
Q2 25
43.8%
14.0%
Q1 25
45.1%
-1.7%
Q4 24
42.4%
-3.9%
Q3 24
47.2%
-49.2%
Q2 24
45.6%
14.0%
Net Margin
AMAL
AMAL
THRY
THRY
Q1 26
2.7%
Q4 25
-5.0%
Q3 25
31.3%
2.8%
Q2 25
32.1%
6.6%
Q1 25
32.5%
-5.3%
Q4 24
4.2%
Q3 24
34.5%
-53.4%
Q2 24
34.1%
2.5%
EPS (diluted)
AMAL
AMAL
THRY
THRY
Q1 26
$0.10
Q4 25
$0.88
$-0.21
Q3 25
$0.88
$0.13
Q2 25
$0.84
$0.31
Q1 25
$0.81
$-0.22
Q4 24
$0.78
$0.28
Q3 24
$0.90
$-2.65
Q2 24
$0.87
$0.15

Balance Sheet & Financial Strength

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

Metric
AMAL
AMAL
THRY
THRY
Cash + ST InvestmentsLiquidity on hand
$291.2M
$8.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$225.4M
Total Assets
$8.9B
$693.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
THRY
THRY
Q1 26
$8.0M
Q4 25
$291.2M
$10.8M
Q3 25
$115.5M
$11.6M
Q2 25
$171.1M
$10.8M
Q1 25
$65.7M
$11.0M
Q4 24
$60.7M
$16.3M
Q3 24
$149.2M
$12.5M
Q2 24
$58.0M
$15.5M
Total Debt
AMAL
AMAL
THRY
THRY
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
AMAL
AMAL
THRY
THRY
Q1 26
$225.4M
Q4 25
$794.5M
$218.1M
Q3 25
$775.6M
$221.1M
Q2 25
$754.0M
$214.9M
Q1 25
$736.0M
$193.2M
Q4 24
$707.7M
$196.9M
Q3 24
$698.2M
$94.5M
Q2 24
$646.0M
$183.1M
Total Assets
AMAL
AMAL
THRY
THRY
Q1 26
$693.7M
Q4 25
$8.9B
$688.6M
Q3 25
$8.7B
$701.8M
Q2 25
$8.6B
$687.7M
Q1 25
$8.3B
$703.7M
Q4 24
$8.3B
$712.2M
Q3 24
$8.4B
$654.8M
Q2 24
$8.3B
$785.5M
Debt / Equity
AMAL
AMAL
THRY
THRY
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMAL
AMAL
THRY
THRY
Operating Cash FlowLast quarter
$135.8M
Free Cash FlowOCF − Capex
$134.4M
$-5.5M
FCF MarginFCF / Revenue
157.8%
-3.3%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
THRY
THRY
Q1 26
Q4 25
$135.8M
$22.2M
Q3 25
$39.5M
$22.2M
Q2 25
$24.9M
$29.6M
Q1 25
$34.2M
$-10.5M
Q4 24
$124.1M
$26.1M
Q3 24
$35.8M
$36.0M
Q2 24
$28.0M
$22.2M
Free Cash Flow
AMAL
AMAL
THRY
THRY
Q1 26
$-5.5M
Q4 25
$134.4M
$12.3M
Q3 25
$38.3M
$14.6M
Q2 25
$24.2M
$21.8M
Q1 25
$32.5M
$-17.6M
Q4 24
$122.3M
$17.3M
Q3 24
$35.2M
$27.5M
Q2 24
$27.8M
$13.3M
FCF Margin
AMAL
AMAL
THRY
THRY
Q1 26
-3.3%
Q4 25
157.8%
6.4%
Q3 25
44.7%
7.2%
Q2 25
29.9%
10.4%
Q1 25
42.2%
-9.7%
Q4 24
157.0%
9.3%
Q3 24
43.4%
15.3%
Q2 24
35.4%
5.9%
Capex Intensity
AMAL
AMAL
THRY
THRY
Q1 26
Q4 25
1.6%
5.2%
Q3 25
1.4%
3.8%
Q2 25
0.9%
3.7%
Q1 25
2.3%
3.9%
Q4 24
2.3%
4.7%
Q3 24
0.7%
4.7%
Q2 24
0.3%
4.0%
Cash Conversion
AMAL
AMAL
THRY
THRY
Q1 26
Q4 25
Q3 25
1.47×
3.93×
Q2 25
0.96×
2.12×
Q1 25
1.37×
Q4 24
3.32×
Q3 24
1.28×
Q2 24
1.05×
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

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