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Side-by-side financial comparison of Apyx Medical Corp (APYX) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

Invesco Mortgage Capital Inc. is the larger business by last-quarter revenue ($21.3M vs $19.2M, roughly 1.1× Apyx Medical Corp). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -6.8%, a 249.0% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs 34.7%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% CAGR vs 36.8%).

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.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

APYX vs IVR — Head-to-Head

Bigger by revenue
IVR
IVR
1.1× larger
IVR
$21.3M
$19.2M
APYX
Growing faster (revenue YoY)
IVR
IVR
+20.7% gap
IVR
55.4%
34.7%
APYX
Higher net margin
IVR
IVR
249.0% more per $
IVR
242.2%
-6.8%
APYX
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
36.8%
APYX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
IVR
IVR
Revenue
$19.2M
$21.3M
Net Profit
$-1.3M
$51.5M
Gross Margin
62.6%
Operating Margin
0.1%
Net Margin
-6.8%
242.2%
Revenue YoY
34.7%
55.4%
Net Profit YoY
71.9%
1368.7%
EPS (diluted)
$0.72

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
IVR
IVR
Q4 25
$19.2M
$21.3M
Q3 25
$12.9M
$17.6M
Q2 25
$11.4M
$17.7M
Q1 25
$9.4M
$18.8M
Q4 24
$14.2M
$13.7M
Q3 24
$11.5M
$7.5M
Q2 24
$12.1M
$8.6M
Q1 24
$10.2M
$7.0M
Net Profit
APYX
APYX
IVR
IVR
Q4 25
$-1.3M
$51.5M
Q3 25
$-2.0M
$53.5M
Q2 25
$-3.8M
$-23.3M
Q1 25
$-4.2M
$19.6M
Q4 24
$-4.6M
$3.5M
Q3 24
$-4.7M
$40.7M
Q2 24
$-6.6M
$-13.5M
Q1 24
$-7.6M
$29.1M
Gross Margin
APYX
APYX
IVR
IVR
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
IVR
IVR
Q4 25
0.1%
Q3 25
-6.5%
Q2 25
-22.6%
Q1 25
-32.4%
Q4 24
-21.4%
Q3 24
-31.6%
Q2 24
-45.7%
Q1 24
-64.6%
Net Margin
APYX
APYX
IVR
IVR
Q4 25
-6.8%
242.2%
Q3 25
-15.4%
303.6%
Q2 25
-33.2%
-131.6%
Q1 25
-44.0%
104.4%
Q4 24
-32.5%
25.6%
Q3 24
-40.9%
542.2%
Q2 24
-54.0%
-155.9%
Q1 24
-74.0%
415.9%
EPS (diluted)
APYX
APYX
IVR
IVR
Q4 25
$0.72
Q3 25
$0.74
Q2 25
$-0.40
Q1 25
$0.26
Q4 24
$-0.09
Q3 24
$0.63
Q2 24
$-0.19
$-0.38
Q1 24
$-0.22
$0.49

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$31.7M
$56.0M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$797.5M
Total Assets
$66.8M
$6.5B
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
IVR
IVR
Q4 25
$31.7M
$56.0M
Q3 25
$25.1M
$58.5M
Q2 25
$29.3M
$59.4M
Q1 25
$31.0M
$42.9M
Q4 24
$31.7M
$73.4M
Q3 24
$28.0M
$48.3M
Q2 24
$32.7M
$58.8M
Q1 24
$37.3M
$59.9M
Total Debt
APYX
APYX
IVR
IVR
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
IVR
IVR
Q4 25
$14.5M
$797.5M
Q3 25
$5.8M
$769.6M
Q2 25
$7.3M
$709.4M
Q1 25
$10.5M
$759.2M
Q4 24
$14.2M
$730.7M
Q3 24
$11.0M
$857.0M
Q2 24
$14.7M
$759.2M
Q1 24
$20.3M
$785.6M
Total Assets
APYX
APYX
IVR
IVR
Q4 25
$66.8M
$6.5B
Q3 25
$57.4M
$6.0B
Q2 25
$58.2M
$5.4B
Q1 25
$60.2M
$6.2B
Q4 24
$64.8M
$5.7B
Q3 24
$60.7M
$6.1B
Q2 24
$65.4M
$5.1B
Q1 24
$70.7M
$5.2B
Debt / Equity
APYX
APYX
IVR
IVR
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
IVR
IVR
Operating Cash FlowLast quarter
$-2.5M
$157.1M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-14.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-9.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
IVR
IVR
Q4 25
$-2.5M
$157.1M
Q3 25
$-3.5M
$37.3M
Q2 25
$-1.2M
$40.6M
Q1 25
$-702.0K
$19.3M
Q4 24
$-2.9M
$183.2M
Q3 24
$-4.4M
$30.8M
Q2 24
$-4.3M
$33.0M
Q1 24
$-6.3M
$57.5M
Free Cash Flow
APYX
APYX
IVR
IVR
Q4 25
$-2.8M
Q3 25
$-4.1M
Q2 25
$-1.5M
Q1 25
$-757.0K
Q4 24
$-3.2M
Q3 24
$-4.6M
Q2 24
$-4.6M
Q1 24
$-6.4M
FCF Margin
APYX
APYX
IVR
IVR
Q4 25
-14.6%
Q3 25
-31.5%
Q2 25
-13.2%
Q1 25
-8.0%
Q4 24
-22.4%
Q3 24
-40.0%
Q2 24
-38.0%
Q1 24
-62.2%
Capex Intensity
APYX
APYX
IVR
IVR
Q4 25
1.4%
Q3 25
4.0%
Q2 25
2.3%
Q1 25
0.6%
Q4 24
1.7%
Q3 24
1.3%
Q2 24
2.4%
Q1 24
0.3%
Cash Conversion
APYX
APYX
IVR
IVR
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
0.98×
Q4 24
52.24×
Q3 24
0.76×
Q2 24
Q1 24
1.97×

Financial Flow Comparison

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

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