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Side-by-side financial comparison of Apyx Medical Corp (APYX) and BayCom Corp (BCML). Click either name above to swap in a different company.

BayCom Corp is the larger business by last-quarter revenue ($25.9M vs $19.2M, roughly 1.4× Apyx Medical Corp). BayCom Corp runs the higher net margin — 26.5% vs -6.8%, a 33.3% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 9.4%). BayCom Corp produced more free cash flow last quarter ($30.1M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 2.9%).

Bovie Medical Corporation was an American medical device manufacturer of medical devices, electrosurgical products and energy technologies. It was based in Clearwater, Florida with a manufacturing facility in Bulgaria.

BayCom Corp is a U.S.-headquartered bank holding company operating through its wholly owned subsidiary Bay Commercial Bank. It primarily serves small and medium-sized enterprises and retail customers across Northern California, offering commercial lending, deposit products, personal banking services, and localized wealth management solutions.

APYX vs BCML — Head-to-Head

Bigger by revenue
BCML
BCML
1.4× larger
BCML
$25.9M
$19.2M
APYX
Growing faster (revenue YoY)
APYX
APYX
+25.3% gap
APYX
34.7%
9.4%
BCML
Higher net margin
BCML
BCML
33.3% more per $
BCML
26.5%
-6.8%
APYX
More free cash flow
BCML
BCML
$32.9M more FCF
BCML
$30.1M
$-2.8M
APYX
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
2.9%
BCML

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
BCML
BCML
Revenue
$19.2M
$25.9M
Net Profit
$-1.3M
$6.9M
Gross Margin
62.6%
Operating Margin
0.1%
36.6%
Net Margin
-6.8%
26.5%
Revenue YoY
34.7%
9.4%
Net Profit YoY
71.9%
12.1%
EPS (diluted)
$0.63

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
APYX
APYX
BCML
BCML
Q4 25
$19.2M
$25.9M
Q3 25
$12.9M
$25.7M
Q2 25
$11.4M
$24.7M
Q1 25
$9.4M
$24.3M
Q4 24
$14.2M
$23.7M
Q3 24
$11.5M
$25.6M
Q2 24
$12.1M
$23.8M
Q1 24
$10.2M
$24.5M
Net Profit
APYX
APYX
BCML
BCML
Q4 25
$-1.3M
$6.9M
Q3 25
$-2.0M
$5.0M
Q2 25
$-3.8M
$6.4M
Q1 25
$-4.2M
$5.7M
Q4 24
$-4.6M
$6.1M
Q3 24
$-4.7M
$6.0M
Q2 24
$-6.6M
$5.6M
Q1 24
$-7.6M
$5.9M
Gross Margin
APYX
APYX
BCML
BCML
Q4 25
62.6%
Q3 25
64.4%
Q2 25
62.3%
Q1 25
60.1%
Q4 24
63.0%
Q3 24
60.5%
Q2 24
61.7%
Q1 24
58.1%
Operating Margin
APYX
APYX
BCML
BCML
Q4 25
0.1%
36.6%
Q3 25
-6.5%
26.3%
Q2 25
-22.6%
35.3%
Q1 25
-32.4%
31.6%
Q4 24
-21.4%
34.2%
Q3 24
-31.6%
32.4%
Q2 24
-45.7%
31.9%
Q1 24
-64.6%
33.3%
Net Margin
APYX
APYX
BCML
BCML
Q4 25
-6.8%
26.5%
Q3 25
-15.4%
19.5%
Q2 25
-33.2%
25.8%
Q1 25
-44.0%
23.4%
Q4 24
-32.5%
25.9%
Q3 24
-40.9%
23.5%
Q2 24
-54.0%
23.6%
Q1 24
-74.0%
24.0%
EPS (diluted)
APYX
APYX
BCML
BCML
Q4 25
$0.63
Q3 25
$0.46
Q2 25
$0.58
Q1 25
$0.51
Q4 24
$0.55
Q3 24
$0.54
Q2 24
$-0.19
$0.50
Q1 24
$-0.22
$0.51

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
BCML
BCML
Cash + ST InvestmentsLiquidity on hand
$31.7M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$338.6M
Total Assets
$66.8M
$2.6B
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
BCML
BCML
Q4 25
$31.7M
Q3 25
$25.1M
Q2 25
$29.3M
Q1 25
$31.0M
Q4 24
$31.7M
Q3 24
$28.0M
Q2 24
$32.7M
Q1 24
$37.3M
Total Debt
APYX
APYX
BCML
BCML
Q4 25
$37.5M
Q3 25
$37.5M
Q2 25
$37.5M
Q1 25
$37.5M
Q4 24
$37.5M
Q3 24
$37.5M
Q2 24
Q1 24
Stockholders' Equity
APYX
APYX
BCML
BCML
Q4 25
$14.5M
$338.6M
Q3 25
$5.8M
$334.3M
Q2 25
$7.3M
$330.6M
Q1 25
$10.5M
$329.3M
Q4 24
$14.2M
$324.4M
Q3 24
$11.0M
$321.7M
Q2 24
$14.7M
$315.3M
Q1 24
$20.3M
$314.2M
Total Assets
APYX
APYX
BCML
BCML
Q4 25
$66.8M
$2.6B
Q3 25
$57.4M
$2.6B
Q2 25
$58.2M
$2.6B
Q1 25
$60.2M
$2.6B
Q4 24
$64.8M
$2.7B
Q3 24
$60.7M
$2.6B
Q2 24
$65.4M
$2.6B
Q1 24
$70.7M
$2.6B
Debt / Equity
APYX
APYX
BCML
BCML
Q4 25
2.58×
Q3 25
6.41×
Q2 25
5.17×
Q1 25
3.57×
Q4 24
2.64×
Q3 24
3.40×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
APYX
APYX
BCML
BCML
Operating Cash FlowLast quarter
$-2.5M
$31.8M
Free Cash FlowOCF − Capex
$-2.8M
$30.1M
FCF MarginFCF / Revenue
-14.6%
116.2%
Capex IntensityCapex / Revenue
1.4%
6.7%
Cash ConversionOCF / Net Profit
4.64×
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$51.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
BCML
BCML
Q4 25
$-2.5M
$31.8M
Q3 25
$-3.5M
$7.3M
Q2 25
$-1.2M
$6.4M
Q1 25
$-702.0K
$9.3M
Q4 24
$-2.9M
$30.4M
Q3 24
$-4.4M
$9.6M
Q2 24
$-4.3M
$7.7M
Q1 24
$-6.3M
$5.1M
Free Cash Flow
APYX
APYX
BCML
BCML
Q4 25
$-2.8M
$30.1M
Q3 25
$-4.1M
$6.2M
Q2 25
$-1.5M
$5.6M
Q1 25
$-757.0K
$9.1M
Q4 24
$-3.2M
$28.7M
Q3 24
$-4.6M
$9.4M
Q2 24
$-4.6M
$7.4M
Q1 24
$-6.4M
$3.9M
FCF Margin
APYX
APYX
BCML
BCML
Q4 25
-14.6%
116.2%
Q3 25
-31.5%
24.3%
Q2 25
-13.2%
22.8%
Q1 25
-8.0%
37.6%
Q4 24
-22.4%
121.1%
Q3 24
-40.0%
36.6%
Q2 24
-38.0%
31.2%
Q1 24
-62.2%
16.1%
Capex Intensity
APYX
APYX
BCML
BCML
Q4 25
1.4%
6.7%
Q3 25
4.0%
4.3%
Q2 25
2.3%
3.0%
Q1 25
0.6%
0.6%
Q4 24
1.7%
7.2%
Q3 24
1.3%
1.0%
Q2 24
2.4%
1.0%
Q1 24
0.3%
4.7%
Cash Conversion
APYX
APYX
BCML
BCML
Q4 25
4.64×
Q3 25
1.47×
Q2 25
1.00×
Q1 25
1.63×
Q4 24
4.96×
Q3 24
1.60×
Q2 24
1.37×
Q1 24
0.86×

Financial Flow Comparison

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

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