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Side-by-side financial comparison of Apyx Medical Corp (APYX) and Bluerock Homes Trust, Inc. (BHM). Click either name above to swap in a different company.

Apyx Medical Corp is the larger business by last-quarter revenue ($19.2M vs $18.9M, roughly 1.0× Bluerock Homes Trust, Inc.). Apyx Medical Corp runs the higher net margin — -6.8% vs -50.1%, a 43.4% gap on every dollar of revenue. On growth, Bluerock Homes Trust, Inc. posted the faster year-over-year revenue change (35.9% vs 34.7%). Bluerock Homes Trust, Inc. produced more free cash flow last quarter ($10.4M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 30.1%).

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.

Bluerock Homes Trust, Inc. is a U.S.-headquartered real estate investment trust that acquires, owns and operates a portfolio of high-quality single-family rental residential properties. It caters to middle-market renters across high-growth suburban markets, prioritizing regions with strong demographic fundamentals and sustained rental housing demand.

APYX vs BHM — Head-to-Head

Bigger by revenue
APYX
APYX
1.0× larger
APYX
$19.2M
$18.9M
BHM
Growing faster (revenue YoY)
BHM
BHM
+1.2% gap
BHM
35.9%
34.7%
APYX
Higher net margin
APYX
APYX
43.4% more per $
APYX
-6.8%
-50.1%
BHM
More free cash flow
BHM
BHM
$13.2M more FCF
BHM
$10.4M
$-2.8M
APYX
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
30.1%
BHM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
BHM
BHM
Revenue
$19.2M
$18.9M
Net Profit
$-1.3M
$-9.5M
Gross Margin
62.6%
Operating Margin
0.1%
-48.8%
Net Margin
-6.8%
-50.1%
Revenue YoY
34.7%
35.9%
Net Profit YoY
71.9%
-29.9%
EPS (diluted)
$-0.75

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
BHM
BHM
Q4 25
$19.2M
$18.9M
Q3 25
$12.9M
$16.6M
Q2 25
$11.4M
$16.8M
Q1 25
$9.4M
$16.4M
Q4 24
$14.2M
$13.9M
Q3 24
$11.5M
$12.7M
Q2 24
$12.1M
$12.5M
Q1 24
$10.2M
$11.2M
Net Profit
APYX
APYX
BHM
BHM
Q4 25
$-1.3M
$-9.5M
Q3 25
$-2.0M
$-10.0M
Q2 25
$-3.8M
$-5.8M
Q1 25
$-4.2M
$-7.3M
Q4 24
$-4.6M
$-7.3M
Q3 24
$-4.7M
$3.5M
Q2 24
$-6.6M
$-5.2M
Q1 24
$-7.6M
$-3.2M
Gross Margin
APYX
APYX
BHM
BHM
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
BHM
BHM
Q4 25
0.1%
-48.8%
Q3 25
-6.5%
-57.6%
Q2 25
-22.6%
-30.9%
Q1 25
-32.4%
-42.6%
Q4 24
-21.4%
-52.8%
Q3 24
-31.6%
27.9%
Q2 24
-45.7%
-41.3%
Q1 24
-64.6%
-28.4%
Net Margin
APYX
APYX
BHM
BHM
Q4 25
-6.8%
-50.1%
Q3 25
-15.4%
-60.0%
Q2 25
-33.2%
-34.7%
Q1 25
-44.0%
-44.7%
Q4 24
-32.5%
-52.8%
Q3 24
-40.9%
27.9%
Q2 24
-54.0%
-41.3%
Q1 24
-74.0%
-28.4%
EPS (diluted)
APYX
APYX
BHM
BHM
Q4 25
$-0.75
Q3 25
$-0.94
Q2 25
$-0.66
Q1 25
$-0.67
Q4 24
$-0.65
Q3 24
$0.24
Q2 24
$-0.19
$-0.42
Q1 24
$-0.22
$-0.27

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
BHM
BHM
Cash + ST InvestmentsLiquidity on hand
$31.7M
$169.6M
Total DebtLower is stronger
$37.5M
$428.4M
Stockholders' EquityBook value
$14.5M
$128.7M
Total Assets
$66.8M
$1.2B
Debt / EquityLower = less leverage
2.58×
3.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
BHM
BHM
Q4 25
$31.7M
$169.6M
Q3 25
$25.1M
$2.1M
Q2 25
$29.3M
$4.2M
Q1 25
$31.0M
$3.0M
Q4 24
$31.7M
$115.2M
Q3 24
$28.0M
$155.1M
Q2 24
$32.7M
$116.0M
Q1 24
$37.3M
$92.3M
Total Debt
APYX
APYX
BHM
BHM
Q4 25
$37.5M
$428.4M
Q3 25
$37.5M
$415.9M
Q2 25
$37.5M
$338.6M
Q1 25
$37.5M
$336.5M
Q4 24
$37.5M
$373.8M
Q3 24
$37.5M
$122.5M
Q2 24
$119.7M
Q1 24
$120.2M
Stockholders' Equity
APYX
APYX
BHM
BHM
Q4 25
$14.5M
$128.7M
Q3 25
$5.8M
$131.7M
Q2 25
$7.3M
$135.3M
Q1 25
$10.5M
$137.1M
Q4 24
$14.2M
$139.1M
Q3 24
$11.0M
$142.9M
Q2 24
$14.7M
$142.5M
Q1 24
$20.3M
$144.5M
Total Assets
APYX
APYX
BHM
BHM
Q4 25
$66.8M
$1.2B
Q3 25
$57.4M
$222.1M
Q2 25
$58.2M
$220.3M
Q1 25
$60.2M
$186.2M
Q4 24
$64.8M
$967.0M
Q3 24
$60.7M
$800.8M
Q2 24
$65.4M
$756.2M
Q1 24
$70.7M
$727.4M
Debt / Equity
APYX
APYX
BHM
BHM
Q4 25
2.58×
3.33×
Q3 25
6.41×
3.16×
Q2 25
5.17×
2.50×
Q1 25
3.57×
2.45×
Q4 24
2.64×
2.69×
Q3 24
3.40×
0.86×
Q2 24
0.84×
Q1 24
0.83×

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
BHM
BHM
Operating Cash FlowLast quarter
$-2.5M
$27.8M
Free Cash FlowOCF − Capex
$-2.8M
$10.4M
FCF MarginFCF / Revenue
-14.6%
55.0%
Capex IntensityCapex / Revenue
1.4%
91.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$25.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
BHM
BHM
Q4 25
$-2.5M
$27.8M
Q3 25
$-3.5M
$13.4M
Q2 25
$-1.2M
$13.9M
Q1 25
$-702.0K
$951.0K
Q4 24
$-2.9M
$9.1M
Q3 24
$-4.4M
$1.7M
Q2 24
$-4.3M
$1.3M
Q1 24
$-6.3M
$1.1M
Free Cash Flow
APYX
APYX
BHM
BHM
Q4 25
$-2.8M
$10.4M
Q3 25
$-4.1M
$8.7M
Q2 25
$-1.5M
$8.8M
Q1 25
$-757.0K
$-2.9M
Q4 24
$-3.2M
$-253.0K
Q3 24
$-4.6M
$-601.0K
Q2 24
$-4.6M
$-654.0K
Q1 24
$-6.4M
$-630.0K
FCF Margin
APYX
APYX
BHM
BHM
Q4 25
-14.6%
55.0%
Q3 25
-31.5%
52.4%
Q2 25
-13.2%
52.2%
Q1 25
-8.0%
-17.6%
Q4 24
-22.4%
-1.8%
Q3 24
-40.0%
-4.7%
Q2 24
-38.0%
-5.2%
Q1 24
-62.2%
-5.6%
Capex Intensity
APYX
APYX
BHM
BHM
Q4 25
1.4%
91.8%
Q3 25
4.0%
28.5%
Q2 25
2.3%
30.3%
Q1 25
0.6%
23.4%
Q4 24
1.7%
66.9%
Q3 24
1.3%
18.0%
Q2 24
2.4%
15.3%
Q1 24
0.3%
15.5%
Cash Conversion
APYX
APYX
BHM
BHM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.47×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

APYX
APYX

Segment breakdown not available.

BHM
BHM

Residential Communities Segment$11.4M61%
Scattered Single Family Homes Segment$7.5M39%

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