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Side-by-side financial comparison of Apyx Medical Corp (APYX) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $19.2M, roughly 1.9× Apyx Medical Corp). Apyx Medical Corp runs the higher net margin — -6.8% vs -8.9%, a 2.1% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 3.1%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
APYX vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.2M | $36.5M |
| Net Profit | $-1.3M | $-3.2M |
| Gross Margin | 62.6% | 38.6% |
| Operating Margin | 0.1% | -10.9% |
| Net Margin | -6.8% | -8.9% |
| Revenue YoY | 34.7% | 3.1% |
| Net Profit YoY | 71.9% | 71.6% |
| EPS (diluted) | — | $-0.02 |
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.
| Q4 25 | $19.2M | $36.5M | ||
| Q3 25 | $12.9M | $36.2M | ||
| Q2 25 | $11.4M | $38.3M | ||
| Q1 25 | $9.4M | $41.3M | ||
| Q4 24 | $14.2M | $35.4M | ||
| Q3 24 | $11.5M | $40.5M | ||
| Q2 24 | $12.1M | $48.5M | ||
| Q1 24 | $10.2M | $50.5M |
| Q4 25 | $-1.3M | $-3.2M | ||
| Q3 25 | $-2.0M | $-6.3M | ||
| Q2 25 | $-3.8M | $-10.9M | ||
| Q1 25 | $-4.2M | $-40.2M | ||
| Q4 24 | $-4.6M | $-11.4M | ||
| Q3 24 | $-4.7M | $-9.9M | ||
| Q2 24 | $-6.6M | $-4.6M | ||
| Q1 24 | $-7.6M | $-7.7M |
| Q4 25 | 62.6% | 38.6% | ||
| Q3 25 | 64.4% | 26.4% | ||
| Q2 25 | 62.3% | 33.1% | ||
| Q1 25 | 60.1% | 32.8% | ||
| Q4 24 | 63.0% | 28.7% | ||
| Q3 24 | 60.5% | 33.2% | ||
| Q2 24 | 61.7% | 35.7% | ||
| Q1 24 | 58.1% | 38.5% |
| Q4 25 | 0.1% | -10.9% | ||
| Q3 25 | -6.5% | -19.4% | ||
| Q2 25 | -22.6% | -30.5% | ||
| Q1 25 | -32.4% | -99.9% | ||
| Q4 24 | -21.4% | -36.6% | ||
| Q3 24 | -31.6% | -29.0% | ||
| Q2 24 | -45.7% | -14.3% | ||
| Q1 24 | -64.6% | -20.1% |
| Q4 25 | -6.8% | -8.9% | ||
| Q3 25 | -15.4% | -17.3% | ||
| Q2 25 | -33.2% | -28.3% | ||
| Q1 25 | -44.0% | -97.2% | ||
| Q4 24 | -32.5% | -32.3% | ||
| Q3 24 | -40.9% | -24.5% | ||
| Q2 24 | -54.0% | -9.5% | ||
| Q1 24 | -74.0% | -15.2% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | — | $-0.03 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | $-0.21 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | — | $-0.05 | ||
| Q2 24 | $-0.19 | $-0.02 | ||
| Q1 24 | $-0.22 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $31.7M | $104.5M |
| Total DebtLower is stronger | $37.5M | — |
| Stockholders' EquityBook value | $14.5M | $232.1M |
| Total Assets | $66.8M | $320.9M |
| Debt / EquityLower = less leverage | 2.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.7M | $104.5M | ||
| Q3 25 | $25.1M | $100.0M | ||
| Q2 25 | $29.3M | $105.0M | ||
| Q1 25 | $31.0M | $125.6M | ||
| Q4 24 | $31.7M | $142.5M | ||
| Q3 24 | $28.0M | $163.4M | ||
| Q2 24 | $32.7M | $187.4M | ||
| Q1 24 | $37.3M | $204.7M |
| 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 | — | — |
| Q4 25 | $14.5M | $232.1M | ||
| Q3 25 | $5.8M | $234.4M | ||
| Q2 25 | $7.3M | $238.8M | ||
| Q1 25 | $10.5M | $250.7M | ||
| Q4 24 | $14.2M | $289.4M | ||
| Q3 24 | $11.0M | $305.1M | ||
| Q2 24 | $14.7M | $329.4M | ||
| Q1 24 | $20.3M | $333.1M |
| Q4 25 | $66.8M | $320.9M | ||
| Q3 25 | $57.4M | $335.8M | ||
| Q2 25 | $58.2M | $354.0M | ||
| Q1 25 | $60.2M | $366.1M | ||
| Q4 24 | $64.8M | $420.2M | ||
| Q3 24 | $60.7M | $448.6M | ||
| Q2 24 | $65.4M | $475.3M | ||
| Q1 24 | $70.7M | $485.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.5M | $7.7M |
| Free Cash FlowOCF − Capex | $-2.8M | $7.7M |
| FCF MarginFCF / Revenue | -14.6% | 21.0% |
| Capex IntensityCapex / Revenue | 1.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.1M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $7.7M | ||
| Q3 25 | $-3.5M | $-2.1M | ||
| Q2 25 | $-1.2M | $-14.9M | ||
| Q1 25 | $-702.0K | $-12.2M | ||
| Q4 24 | $-2.9M | $-12.0M | ||
| Q3 24 | $-4.4M | $-3.7M | ||
| Q2 24 | $-4.3M | $-13.9M | ||
| Q1 24 | $-6.3M | $-3.3M |
| Q4 25 | $-2.8M | $7.7M | ||
| Q3 25 | $-4.1M | $-2.2M | ||
| Q2 25 | $-1.5M | $-16.2M | ||
| Q1 25 | $-757.0K | $-14.3M | ||
| Q4 24 | $-3.2M | $-13.3M | ||
| Q3 24 | $-4.6M | $-3.9M | ||
| Q2 24 | $-4.6M | $-14.1M | ||
| Q1 24 | $-6.4M | $-3.4M |
| Q4 25 | -14.6% | 21.0% | ||
| Q3 25 | -31.5% | -6.1% | ||
| Q2 25 | -13.2% | -42.3% | ||
| Q1 25 | -8.0% | -34.7% | ||
| Q4 24 | -22.4% | -37.5% | ||
| Q3 24 | -40.0% | -9.7% | ||
| Q2 24 | -38.0% | -29.1% | ||
| Q1 24 | -62.2% | -6.7% |
| Q4 25 | 1.4% | 0.0% | ||
| Q3 25 | 4.0% | 0.2% | ||
| Q2 25 | 2.3% | 3.3% | ||
| Q1 25 | 0.6% | 5.3% | ||
| Q4 24 | 1.7% | 3.5% | ||
| Q3 24 | 1.3% | 0.6% | ||
| Q2 24 | 2.4% | 0.5% | ||
| Q1 24 | 0.3% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APYX
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
