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Side-by-side financial comparison of Apyx Medical Corp (APYX) and TPG Mortgage Investment Trust, Inc. (MITT). Click either name above to swap in a different company.

TPG Mortgage Investment Trust, Inc. is the larger business by last-quarter revenue ($20.4M vs $19.2M, roughly 1.1× Apyx Medical Corp). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs -6.8%, a 71.7% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 17.7%). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 9.1%).

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.

TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.

APYX vs MITT — Head-to-Head

Bigger by revenue
MITT
MITT
1.1× larger
MITT
$20.4M
$19.2M
APYX
Growing faster (revenue YoY)
APYX
APYX
+17.1% gap
APYX
34.7%
17.7%
MITT
Higher net margin
MITT
MITT
71.7% more per $
MITT
65.0%
-6.8%
APYX
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
9.1%
MITT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
MITT
MITT
Revenue
$19.2M
$20.4M
Net Profit
$-1.3M
$13.3M
Gross Margin
62.6%
Operating Margin
0.1%
67.1%
Net Margin
-6.8%
65.0%
Revenue YoY
34.7%
17.7%
Net Profit YoY
71.9%
-7.0%
EPS (diluted)
$0.27

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
MITT
MITT
Q4 25
$19.2M
$20.4M
Q3 25
$12.9M
$19.5M
Q2 25
$11.4M
$17.8M
Q1 25
$9.4M
$18.8M
Q4 24
$14.2M
$17.4M
Q3 24
$11.5M
$14.9M
Q2 24
$12.1M
$16.4M
Q1 24
$10.2M
$17.2M
Net Profit
APYX
APYX
MITT
MITT
Q4 25
$-1.3M
$13.3M
Q3 25
$-2.0M
$20.0M
Q2 25
$-3.8M
$3.9M
Q1 25
$-4.2M
$11.5M
Q4 24
$-4.6M
$14.3M
Q3 24
$-4.7M
$16.6M
Q2 24
$-6.6M
$3.9M
Q1 24
$-7.6M
$20.9M
Gross Margin
APYX
APYX
MITT
MITT
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
MITT
MITT
Q4 25
0.1%
67.1%
Q3 25
-6.5%
Q2 25
-22.6%
20.9%
Q1 25
-32.4%
54.6%
Q4 24
-21.4%
76.7%
Q3 24
-31.6%
Q2 24
-45.7%
18.4%
Q1 24
-64.6%
Net Margin
APYX
APYX
MITT
MITT
Q4 25
-6.8%
65.0%
Q3 25
-15.4%
102.5%
Q2 25
-33.2%
22.2%
Q1 25
-44.0%
60.9%
Q4 24
-32.5%
82.2%
Q3 24
-40.9%
111.3%
Q2 24
-54.0%
24.0%
Q1 24
-74.0%
121.6%
EPS (diluted)
APYX
APYX
MITT
MITT
Q4 25
$0.27
Q3 25
$0.47
Q2 25
$-0.05
Q1 25
$0.21
Q4 24
$0.30
Q3 24
$0.40
Q2 24
$-0.19
$-0.02
Q1 24
$-0.22
$0.55

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
MITT
MITT
Cash + ST InvestmentsLiquidity on hand
$31.7M
$57.8M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$560.7M
Total Assets
$66.8M
$8.7B
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
MITT
MITT
Q4 25
$31.7M
$57.8M
Q3 25
$25.1M
$59.0M
Q2 25
$29.3M
$88.7M
Q1 25
$31.0M
$115.5M
Q4 24
$31.7M
$118.7M
Q3 24
$28.0M
$102.5M
Q2 24
$32.7M
$120.9M
Q1 24
$37.3M
$100.3M
Total Debt
APYX
APYX
MITT
MITT
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
MITT
MITT
Q4 25
$14.5M
$560.7M
Q3 25
$5.8M
$559.8M
Q2 25
$7.3M
$536.4M
Q1 25
$10.5M
$543.9M
Q4 24
$14.2M
$543.4M
Q3 24
$11.0M
$540.1M
Q2 24
$14.7M
$533.5M
Q1 24
$20.3M
$539.6M
Total Assets
APYX
APYX
MITT
MITT
Q4 25
$66.8M
$8.7B
Q3 25
$57.4M
$9.0B
Q2 25
$58.2M
$7.5B
Q1 25
$60.2M
$7.3B
Q4 24
$64.8M
$6.9B
Q3 24
$60.7M
$7.0B
Q2 24
$65.4M
$7.1B
Q1 24
$70.7M
$6.4B
Debt / Equity
APYX
APYX
MITT
MITT
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
MITT
MITT
Operating Cash FlowLast quarter
$-2.5M
$59.6M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-14.6%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
4.48×
TTM Free Cash FlowTrailing 4 quarters
$-9.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
MITT
MITT
Q4 25
$-2.5M
$59.6M
Q3 25
$-3.5M
$17.4M
Q2 25
$-1.2M
$11.5M
Q1 25
$-702.0K
$12.0M
Q4 24
$-2.9M
$55.8M
Q3 24
$-4.4M
$14.5M
Q2 24
$-4.3M
$13.7M
Q1 24
$-6.3M
$12.0M
Free Cash Flow
APYX
APYX
MITT
MITT
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
MITT
MITT
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
MITT
MITT
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
MITT
MITT
Q4 25
4.48×
Q3 25
0.87×
Q2 25
2.92×
Q1 25
1.05×
Q4 24
3.91×
Q3 24
0.87×
Q2 24
3.50×
Q1 24
0.57×

Financial Flow Comparison

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

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