vs

Side-by-side financial comparison of Apyx Medical Corp (APYX) and Commercial Bancgroup, Inc. (CBK). Click either name above to swap in a different company.

Commercial Bancgroup, Inc. is the larger business by last-quarter revenue ($23.1M vs $19.2M, roughly 1.2× Apyx Medical Corp). Commercial Bancgroup, Inc. runs the higher net margin — 41.3% vs -6.8%, a 48.1% gap on every dollar of revenue.

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.

Commercial Bancgroup, Inc. operates as a U.S. regional bank holding company that provides a full suite of retail and commercial banking products and services to individual consumers, small and medium-sized businesses, and local institutional clients. Its core offerings include deposit accounts, lending solutions, wealth management, and tailored financial advisory services for regional markets.

APYX vs CBK — Head-to-Head

Bigger by revenue
CBK
CBK
1.2× larger
CBK
$23.1M
$19.2M
APYX
Higher net margin
CBK
CBK
48.1% more per $
CBK
41.3%
-6.8%
APYX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
APYX
APYX
CBK
CBK
Revenue
$19.2M
$23.1M
Net Profit
$-1.3M
$9.5M
Gross Margin
62.6%
Operating Margin
0.1%
Net Margin
-6.8%
41.3%
Revenue YoY
34.7%
Net Profit YoY
71.9%
9.7%
EPS (diluted)
$0.69

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
CBK
CBK
Q1 26
$23.1M
Q4 25
$19.2M
$23.5M
Q3 25
$12.9M
$22.8M
Q2 25
$11.4M
Q1 25
$9.4M
Q4 24
$14.2M
Q3 24
$11.5M
Q2 24
$12.1M
Net Profit
APYX
APYX
CBK
CBK
Q1 26
$9.5M
Q4 25
$-1.3M
$9.9M
Q3 25
$-2.0M
$9.5M
Q2 25
$-3.8M
Q1 25
$-4.2M
Q4 24
$-4.6M
Q3 24
$-4.7M
Q2 24
$-6.6M
Gross Margin
APYX
APYX
CBK
CBK
Q1 26
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%
Operating Margin
APYX
APYX
CBK
CBK
Q1 26
Q4 25
0.1%
Q3 25
-6.5%
53.8%
Q2 25
-22.6%
Q1 25
-32.4%
Q4 24
-21.4%
Q3 24
-31.6%
Q2 24
-45.7%
Net Margin
APYX
APYX
CBK
CBK
Q1 26
41.3%
Q4 25
-6.8%
42.2%
Q3 25
-15.4%
41.4%
Q2 25
-33.2%
Q1 25
-44.0%
Q4 24
-32.5%
Q3 24
-40.9%
Q2 24
-54.0%
EPS (diluted)
APYX
APYX
CBK
CBK
Q1 26
$0.69
Q4 25
$0.72
Q3 25
$0.77
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
CBK
CBK
Cash + ST InvestmentsLiquidity on hand
$31.7M
Total DebtLower is stronger
$37.5M
$118.2M
Stockholders' EquityBook value
$14.5M
Total Assets
$66.8M
$2.3B
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
CBK
CBK
Q1 26
Q4 25
$31.7M
Q3 25
$25.1M
$154.8M
Q2 25
$29.3M
Q1 25
$31.0M
Q4 24
$31.7M
Q3 24
$28.0M
Q2 24
$32.7M
Total Debt
APYX
APYX
CBK
CBK
Q1 26
$118.2M
Q4 25
$37.5M
$166.8M
Q3 25
$37.5M
$100.1M
Q2 25
$37.5M
Q1 25
$37.5M
Q4 24
$37.5M
Q3 24
$37.5M
Q2 24
Stockholders' Equity
APYX
APYX
CBK
CBK
Q1 26
Q4 25
$14.5M
Q3 25
$5.8M
$245.2M
Q2 25
$7.3M
Q1 25
$10.5M
Q4 24
$14.2M
Q3 24
$11.0M
Q2 24
$14.7M
Total Assets
APYX
APYX
CBK
CBK
Q1 26
$2.3B
Q4 25
$66.8M
$2.3B
Q3 25
$57.4M
$2.2B
Q2 25
$58.2M
Q1 25
$60.2M
Q4 24
$64.8M
Q3 24
$60.7M
Q2 24
$65.4M
Debt / Equity
APYX
APYX
CBK
CBK
Q1 26
Q4 25
2.58×
Q3 25
6.41×
0.41×
Q2 25
5.17×
Q1 25
3.57×
Q4 24
2.64×
Q3 24
3.40×
Q2 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
CBK
CBK
Operating Cash FlowLast quarter
$-2.5M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-14.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
CBK
CBK
Q1 26
Q4 25
$-2.5M
Q3 25
$-3.5M
$28.0M
Q2 25
$-1.2M
Q1 25
$-702.0K
Q4 24
$-2.9M
Q3 24
$-4.4M
Q2 24
$-4.3M
Free Cash Flow
APYX
APYX
CBK
CBK
Q1 26
Q4 25
$-2.8M
Q3 25
$-4.1M
$26.5M
Q2 25
$-1.5M
Q1 25
$-757.0K
Q4 24
$-3.2M
Q3 24
$-4.6M
Q2 24
$-4.6M
FCF Margin
APYX
APYX
CBK
CBK
Q1 26
Q4 25
-14.6%
Q3 25
-31.5%
115.8%
Q2 25
-13.2%
Q1 25
-8.0%
Q4 24
-22.4%
Q3 24
-40.0%
Q2 24
-38.0%
Capex Intensity
APYX
APYX
CBK
CBK
Q1 26
Q4 25
1.4%
Q3 25
4.0%
6.7%
Q2 25
2.3%
Q1 25
0.6%
Q4 24
1.7%
Q3 24
1.3%
Q2 24
2.4%
Cash Conversion
APYX
APYX
CBK
CBK
Q1 26
Q4 25
Q3 25
2.96×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

APYX
APYX

Segment breakdown not available.

CBK
CBK

Net Interest Income$20.5M89%
Noninterest Income$2.6M11%

Related Comparisons