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

Apyx Medical Corp is the larger business by last-quarter revenue ($19.2M vs $15.7M, roughly 1.2× CF BANKSHARES INC.). CF BANKSHARES INC. runs the higher net margin — 40.0% vs -6.8%, a 46.8% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 12.6%). CF BANKSHARES INC. produced more free cash flow last quarter ($18.2M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 13.7%).

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.

CF Bankshares Inc. is a U.S.-based regional bank holding company operating through its community bank subsidiary. It offers a full suite of personal and commercial banking solutions including deposit products, various loan options, wealth management services and digital banking tools, primarily serving individual consumers and small-to-medium business clients across the U.S. Midwest region.

APYX vs CFBK — Head-to-Head

Bigger by revenue
APYX
APYX
1.2× larger
APYX
$19.2M
$15.7M
CFBK
Growing faster (revenue YoY)
APYX
APYX
+22.1% gap
APYX
34.7%
12.6%
CFBK
Higher net margin
CFBK
CFBK
46.8% more per $
CFBK
40.0%
-6.8%
APYX
More free cash flow
CFBK
CFBK
$21.0M more FCF
CFBK
$18.2M
$-2.8M
APYX
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
13.7%
CFBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
CFBK
CFBK
Revenue
$19.2M
$15.7M
Net Profit
$-1.3M
$5.7M
Gross Margin
62.6%
Operating Margin
0.1%
43.4%
Net Margin
-6.8%
40.0%
Revenue YoY
34.7%
12.6%
Net Profit YoY
71.9%
29.9%
EPS (diluted)
$0.88

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
CFBK
CFBK
Q4 25
$19.2M
$15.7M
Q3 25
$12.9M
$15.5M
Q2 25
$11.4M
$15.6M
Q1 25
$9.4M
$14.1M
Q4 24
$14.2M
$14.0M
Q3 24
$11.5M
$13.1M
Q2 24
$12.1M
$12.6M
Q1 24
$10.2M
$12.2M
Net Profit
APYX
APYX
CFBK
CFBK
Q4 25
$-1.3M
$5.7M
Q3 25
$-2.0M
$2.3M
Q2 25
$-3.8M
$5.0M
Q1 25
$-4.2M
$4.4M
Q4 24
$-4.6M
$4.4M
Q3 24
$-4.7M
$4.2M
Q2 24
$-6.6M
$1.7M
Q1 24
$-7.6M
$3.1M
Gross Margin
APYX
APYX
CFBK
CFBK
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
CFBK
CFBK
Q4 25
0.1%
43.4%
Q3 25
-6.5%
17.5%
Q2 25
-22.6%
41.1%
Q1 25
-32.4%
39.5%
Q4 24
-21.4%
36.9%
Q3 24
-31.6%
40.4%
Q2 24
-45.7%
15.4%
Q1 24
-64.6%
30.9%
Net Margin
APYX
APYX
CFBK
CFBK
Q4 25
-6.8%
40.0%
Q3 25
-15.4%
15.1%
Q2 25
-33.2%
32.3%
Q1 25
-44.0%
31.4%
Q4 24
-32.5%
35.2%
Q3 24
-40.9%
32.2%
Q2 24
-54.0%
13.5%
Q1 24
-74.0%
25.2%
EPS (diluted)
APYX
APYX
CFBK
CFBK
Q4 25
$0.88
Q3 25
$0.36
Q2 25
$0.77
Q1 25
$0.68
Q4 24
$0.68
Q3 24
$0.65
Q2 24
$-0.19
$0.26
Q1 24
$-0.22
$0.47

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
CFBK
CFBK
Cash + ST InvestmentsLiquidity on hand
$31.7M
$259.0M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$184.4M
Total Assets
$66.8M
$2.1B
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
CFBK
CFBK
Q4 25
$31.7M
$259.0M
Q3 25
$25.1M
$272.4M
Q2 25
$29.3M
$275.7M
Q1 25
$31.0M
$241.0M
Q4 24
$31.7M
$235.3M
Q3 24
$28.0M
$233.5M
Q2 24
$32.7M
$241.8M
Q1 24
$37.3M
$236.9M
Total Debt
APYX
APYX
CFBK
CFBK
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
CFBK
CFBK
Q4 25
$14.5M
$184.4M
Q3 25
$5.8M
$179.3M
Q2 25
$7.3M
$177.0M
Q1 25
$10.5M
$172.7M
Q4 24
$14.2M
$168.4M
Q3 24
$11.0M
$164.0M
Q2 24
$14.7M
$159.6M
Q1 24
$20.3M
$158.0M
Total Assets
APYX
APYX
CFBK
CFBK
Q4 25
$66.8M
$2.1B
Q3 25
$57.4M
$2.1B
Q2 25
$58.2M
$2.1B
Q1 25
$60.2M
$2.1B
Q4 24
$64.8M
$2.1B
Q3 24
$60.7M
$2.1B
Q2 24
$65.4M
$2.0B
Q1 24
$70.7M
$2.0B
Debt / Equity
APYX
APYX
CFBK
CFBK
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
CFBK
CFBK
Operating Cash FlowLast quarter
$-2.5M
$18.7M
Free Cash FlowOCF − Capex
$-2.8M
$18.2M
FCF MarginFCF / Revenue
-14.6%
115.6%
Capex IntensityCapex / Revenue
1.4%
3.1%
Cash ConversionOCF / Net Profit
3.26×
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$33.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
CFBK
CFBK
Q4 25
$-2.5M
$18.7M
Q3 25
$-3.5M
$5.5M
Q2 25
$-1.2M
$8.0M
Q1 25
$-702.0K
$2.2M
Q4 24
$-2.9M
$14.2M
Q3 24
$-4.4M
$-1.3M
Q2 24
$-4.3M
$4.0M
Q1 24
$-6.3M
$-1.2M
Free Cash Flow
APYX
APYX
CFBK
CFBK
Q4 25
$-2.8M
$18.2M
Q3 25
$-4.1M
$5.2M
Q2 25
$-1.5M
$7.8M
Q1 25
$-757.0K
$2.2M
Q4 24
$-3.2M
$13.9M
Q3 24
$-4.6M
$-1.3M
Q2 24
$-4.6M
$4.0M
Q1 24
$-6.4M
$-1.2M
FCF Margin
APYX
APYX
CFBK
CFBK
Q4 25
-14.6%
115.6%
Q3 25
-31.5%
33.6%
Q2 25
-13.2%
50.3%
Q1 25
-8.0%
15.2%
Q4 24
-22.4%
99.6%
Q3 24
-40.0%
-9.9%
Q2 24
-38.0%
31.6%
Q1 24
-62.2%
-9.5%
Capex Intensity
APYX
APYX
CFBK
CFBK
Q4 25
1.4%
3.1%
Q3 25
4.0%
1.7%
Q2 25
2.3%
0.7%
Q1 25
0.6%
0.4%
Q4 24
1.7%
1.9%
Q3 24
1.3%
0.2%
Q2 24
2.4%
0.1%
Q1 24
0.3%
0.0%
Cash Conversion
APYX
APYX
CFBK
CFBK
Q4 25
3.26×
Q3 25
2.34×
Q2 25
1.58×
Q1 25
0.50×
Q4 24
3.21×
Q3 24
-0.30×
Q2 24
2.35×
Q1 24
-0.38×

Financial Flow Comparison

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

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