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

Apyx Medical Corp is the larger business by last-quarter revenue ($19.2M vs $16.1M, roughly 1.2× Farmmi, Inc.). Farmmi, Inc. runs the higher net margin — -0.3% vs -6.8%, a 6.5% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs -55.7%). Farmmi, Inc. produced more free cash flow last quarter ($14.6M vs $-2.8M).

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.

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

APYX vs FAMI — Head-to-Head

Bigger by revenue
APYX
APYX
1.2× larger
APYX
$19.2M
$16.1M
FAMI
Growing faster (revenue YoY)
APYX
APYX
+90.4% gap
APYX
34.7%
-55.7%
FAMI
Higher net margin
FAMI
FAMI
6.5% more per $
FAMI
-0.3%
-6.8%
APYX
More free cash flow
FAMI
FAMI
$17.4M more FCF
FAMI
$14.6M
$-2.8M
APYX

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
APYX
APYX
FAMI
FAMI
Revenue
$19.2M
$16.1M
Net Profit
$-1.3M
$-44.0K
Gross Margin
62.6%
5.0%
Operating Margin
0.1%
-4.1%
Net Margin
-6.8%
-0.3%
Revenue YoY
34.7%
-55.7%
Net Profit YoY
71.9%
-107.0%
EPS (diluted)
$-0.04

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
FAMI
FAMI
Q4 25
$19.2M
Q3 25
$12.9M
Q2 25
$11.4M
Q1 25
$9.4M
$16.1M
Q4 24
$14.2M
Q3 24
$11.5M
Q2 24
$12.1M
Q1 24
$10.2M
$36.4M
Net Profit
APYX
APYX
FAMI
FAMI
Q4 25
$-1.3M
Q3 25
$-2.0M
Q2 25
$-3.8M
Q1 25
$-4.2M
$-44.0K
Q4 24
$-4.6M
Q3 24
$-4.7M
Q2 24
$-6.6M
Q1 24
$-7.6M
$630.5K
Gross Margin
APYX
APYX
FAMI
FAMI
Q4 25
62.6%
Q3 25
64.4%
Q2 25
62.3%
Q1 25
60.1%
5.0%
Q4 24
63.0%
Q3 24
60.5%
Q2 24
61.7%
Q1 24
58.1%
5.9%
Operating Margin
APYX
APYX
FAMI
FAMI
Q4 25
0.1%
Q3 25
-6.5%
Q2 25
-22.6%
Q1 25
-32.4%
-4.1%
Q4 24
-21.4%
Q3 24
-31.6%
Q2 24
-45.7%
Q1 24
-64.6%
2.5%
Net Margin
APYX
APYX
FAMI
FAMI
Q4 25
-6.8%
Q3 25
-15.4%
Q2 25
-33.2%
Q1 25
-44.0%
-0.3%
Q4 24
-32.5%
Q3 24
-40.9%
Q2 24
-54.0%
Q1 24
-74.0%
1.7%
EPS (diluted)
APYX
APYX
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
$-0.04
Q4 24
Q3 24
Q2 24
$-0.19
Q1 24
$-0.22
$1.20

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
FAMI
FAMI
Cash + ST InvestmentsLiquidity on hand
$31.7M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$166.4M
Total Assets
$66.8M
$230.4M
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
FAMI
FAMI
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
FAMI
FAMI
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
FAMI
FAMI
Q4 25
$14.5M
Q3 25
$5.8M
Q2 25
$7.3M
Q1 25
$10.5M
$166.4M
Q4 24
$14.2M
Q3 24
$11.0M
Q2 24
$14.7M
Q1 24
$20.3M
$164.4M
Total Assets
APYX
APYX
FAMI
FAMI
Q4 25
$66.8M
Q3 25
$57.4M
Q2 25
$58.2M
Q1 25
$60.2M
$230.4M
Q4 24
$64.8M
Q3 24
$60.7M
Q2 24
$65.4M
Q1 24
$70.7M
$171.9M
Debt / Equity
APYX
APYX
FAMI
FAMI
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
FAMI
FAMI
Operating Cash FlowLast quarter
$-2.5M
$14.6M
Free Cash FlowOCF − Capex
$-2.8M
$14.6M
FCF MarginFCF / Revenue
-14.6%
90.1%
Capex IntensityCapex / Revenue
1.4%
0.1%
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
FAMI
FAMI
Q4 25
$-2.5M
Q3 25
$-3.5M
Q2 25
$-1.2M
Q1 25
$-702.0K
$14.6M
Q4 24
$-2.9M
Q3 24
$-4.4M
Q2 24
$-4.3M
Q1 24
$-6.3M
$-14.9M
Free Cash Flow
APYX
APYX
FAMI
FAMI
Q4 25
$-2.8M
Q3 25
$-4.1M
Q2 25
$-1.5M
Q1 25
$-757.0K
$14.6M
Q4 24
$-3.2M
Q3 24
$-4.6M
Q2 24
$-4.6M
Q1 24
$-6.4M
FCF Margin
APYX
APYX
FAMI
FAMI
Q4 25
-14.6%
Q3 25
-31.5%
Q2 25
-13.2%
Q1 25
-8.0%
90.1%
Q4 24
-22.4%
Q3 24
-40.0%
Q2 24
-38.0%
Q1 24
-62.2%
Capex Intensity
APYX
APYX
FAMI
FAMI
Q4 25
1.4%
Q3 25
4.0%
Q2 25
2.3%
Q1 25
0.6%
0.1%
Q4 24
1.7%
Q3 24
1.3%
Q2 24
2.4%
Q1 24
0.3%
0.0%
Cash Conversion
APYX
APYX
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-23.63×

Financial Flow Comparison

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

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