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

Apyx Medical Corp is the larger business by last-quarter revenue ($19.2M vs $12.4M, roughly 1.5× Canterbury Park Holding Corp). Canterbury Park Holding Corp runs the higher net margin — -3.1% vs -6.8%, a 3.6% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 3.9%). Canterbury Park Holding Corp produced more free cash flow last quarter ($-611.3K vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs -6.0%).

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.

Canterbury Park, is a horse racing track in Shakopee, Minnesota, United States. Canterbury Park Holding Corporation hosts parimutuel wagering on live thoroughbred and quarter horse racing at its facilities in Shakopee and parimutuel wagering on races held at out-of-state racetracks that are simulcast to the racetrack. In addition, the Canterbury Park Card Casino operates 24 hours a day, seven days a week, and is also regulated by the Minnesota Racing Commission. Casino games include blackjack...

APYX vs CPHC — Head-to-Head

Bigger by revenue
APYX
APYX
1.5× larger
APYX
$19.2M
$12.4M
CPHC
Growing faster (revenue YoY)
APYX
APYX
+30.8% gap
APYX
34.7%
3.9%
CPHC
Higher net margin
CPHC
CPHC
3.6% more per $
CPHC
-3.1%
-6.8%
APYX
More free cash flow
CPHC
CPHC
$2.2M more FCF
CPHC
$-611.3K
$-2.8M
APYX
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
-6.0%
CPHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
CPHC
CPHC
Revenue
$19.2M
$12.4M
Net Profit
$-1.3M
$-390.1K
Gross Margin
62.6%
Operating Margin
0.1%
2.6%
Net Margin
-6.8%
-3.1%
Revenue YoY
34.7%
3.9%
Net Profit YoY
71.9%
68.7%
EPS (diluted)
$-0.08

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
CPHC
CPHC
Q4 25
$19.2M
$12.4M
Q3 25
$12.9M
$18.3M
Q2 25
$11.4M
$15.7M
Q1 25
$9.4M
$13.1M
Q4 24
$14.2M
$12.0M
Q3 24
$11.5M
$19.3M
Q2 24
$12.1M
$16.2M
Q1 24
$10.2M
$14.1M
Net Profit
APYX
APYX
CPHC
CPHC
Q4 25
$-1.3M
$-390.1K
Q3 25
$-2.0M
$487.3K
Q2 25
$-3.8M
$-327.4K
Q1 25
$-4.2M
$-299.2K
Q4 24
$-4.6M
$-1.2M
Q3 24
$-4.7M
$2.0M
Q2 24
$-6.6M
$338.3K
Q1 24
$-7.6M
$998.2K
Gross Margin
APYX
APYX
CPHC
CPHC
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
CPHC
CPHC
Q4 25
0.1%
2.6%
Q3 25
-6.5%
5.7%
Q2 25
-22.6%
2.8%
Q1 25
-32.4%
4.9%
Q4 24
-21.4%
-0.8%
Q3 24
-31.6%
18.9%
Q2 24
-45.7%
6.9%
Q1 24
-64.6%
12.5%
Net Margin
APYX
APYX
CPHC
CPHC
Q4 25
-6.8%
-3.1%
Q3 25
-15.4%
2.7%
Q2 25
-33.2%
-2.1%
Q1 25
-44.0%
-2.3%
Q4 24
-32.5%
-10.4%
Q3 24
-40.9%
10.5%
Q2 24
-54.0%
2.1%
Q1 24
-74.0%
7.1%
EPS (diluted)
APYX
APYX
CPHC
CPHC
Q4 25
$-0.08
Q3 25
$0.10
Q2 25
$-0.06
Q1 25
$-0.06
Q4 24
$-0.25
Q3 24
$0.40
Q2 24
$-0.19
$0.07
Q1 24
$-0.22
$0.20

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
CPHC
CPHC
Cash + ST InvestmentsLiquidity on hand
$31.7M
$17.1M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$83.9M
Total Assets
$66.8M
$112.6M
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
CPHC
CPHC
Q4 25
$31.7M
$17.1M
Q3 25
$25.1M
$16.7M
Q2 25
$29.3M
$16.9M
Q1 25
$31.0M
$15.4M
Q4 24
$31.7M
$15.1M
Q3 24
$28.0M
$21.7M
Q2 24
$32.7M
$23.8M
Q1 24
$37.3M
$25.2M
Total Debt
APYX
APYX
CPHC
CPHC
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
CPHC
CPHC
Q4 25
$14.5M
$83.9M
Q3 25
$5.8M
$84.1M
Q2 25
$7.3M
$83.6M
Q1 25
$10.5M
$83.7M
Q4 24
$14.2M
$84.1M
Q3 24
$11.0M
$85.2M
Q2 24
$14.7M
$83.2M
Q1 24
$20.3M
$82.7M
Total Assets
APYX
APYX
CPHC
CPHC
Q4 25
$66.8M
$112.6M
Q3 25
$57.4M
$114.4M
Q2 25
$58.2M
$114.9M
Q1 25
$60.2M
$112.4M
Q4 24
$64.8M
$109.9M
Q3 24
$60.7M
$114.2M
Q2 24
$65.4M
$111.4M
Q1 24
$70.7M
$105.6M
Debt / Equity
APYX
APYX
CPHC
CPHC
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
CPHC
CPHC
Operating Cash FlowLast quarter
$-2.5M
$-103.4K
Free Cash FlowOCF − Capex
$-2.8M
$-611.3K
FCF MarginFCF / Revenue
-14.6%
-4.9%
Capex IntensityCapex / Revenue
1.4%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$4.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
CPHC
CPHC
Q4 25
$-2.5M
$-103.4K
Q3 25
$-3.5M
$1.2M
Q2 25
$-1.2M
$4.4M
Q1 25
$-702.0K
$3.4M
Q4 24
$-2.9M
$-2.8M
Q3 24
$-4.4M
$2.3M
Q2 24
$-4.3M
$5.4M
Q1 24
$-6.3M
$1.6M
Free Cash Flow
APYX
APYX
CPHC
CPHC
Q4 25
$-2.8M
$-611.3K
Q3 25
$-4.1M
$-395.3K
Q2 25
$-1.5M
$3.2M
Q1 25
$-757.0K
$2.5M
Q4 24
$-3.2M
$-6.7M
Q3 24
$-4.6M
$-25
Q2 24
$-4.6M
$1.8M
Q1 24
$-6.4M
$-601.0K
FCF Margin
APYX
APYX
CPHC
CPHC
Q4 25
-14.6%
-4.9%
Q3 25
-31.5%
-2.2%
Q2 25
-13.2%
20.5%
Q1 25
-8.0%
19.1%
Q4 24
-22.4%
-55.9%
Q3 24
-40.0%
-0.0%
Q2 24
-38.0%
11.1%
Q1 24
-62.2%
-4.3%
Capex Intensity
APYX
APYX
CPHC
CPHC
Q4 25
1.4%
4.1%
Q3 25
4.0%
9.0%
Q2 25
2.3%
7.5%
Q1 25
0.6%
6.5%
Q4 24
1.7%
32.6%
Q3 24
1.3%
11.8%
Q2 24
2.4%
22.2%
Q1 24
0.3%
15.7%
Cash Conversion
APYX
APYX
CPHC
CPHC
Q4 25
Q3 25
2.56×
Q2 25
Q1 25
Q4 24
Q3 24
1.12×
Q2 24
15.95×
Q1 24
1.62×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APYX
APYX

Segment breakdown not available.

CPHC
CPHC

Casino$9.5M76%
Other$1.9M15%
Food And Beverage$1.0M8%

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