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Side-by-side financial comparison of Apyx Medical Corp (APYX) and UNITED SECURITY BANCSHARES (UBFO). Click either name above to swap in a different company.

Apyx Medical Corp is the larger business by last-quarter revenue ($19.2M vs $13.5M, roughly 1.4× UNITED SECURITY BANCSHARES). UNITED SECURITY BANCSHARES runs the higher net margin — 25.2% vs -6.8%, a 32.0% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 13.6%). UNITED SECURITY BANCSHARES produced more free cash flow last quarter ($19.8M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 3.0%).

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.

United Security Bancshares is a bank holding company headquartered in Fresno, California. It operates 11 branches.

APYX vs UBFO — Head-to-Head

Bigger by revenue
APYX
APYX
1.4× larger
APYX
$19.2M
$13.5M
UBFO
Growing faster (revenue YoY)
APYX
APYX
+21.2% gap
APYX
34.7%
13.6%
UBFO
Higher net margin
UBFO
UBFO
32.0% more per $
UBFO
25.2%
-6.8%
APYX
More free cash flow
UBFO
UBFO
$22.6M more FCF
UBFO
$19.8M
$-2.8M
APYX
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
3.0%
UBFO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
UBFO
UBFO
Revenue
$19.2M
$13.5M
Net Profit
$-1.3M
$3.4M
Gross Margin
62.6%
Operating Margin
0.1%
31.5%
Net Margin
-6.8%
25.2%
Revenue YoY
34.7%
13.6%
Net Profit YoY
71.9%
36.8%
EPS (diluted)
$0.18

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
UBFO
UBFO
Q4 25
$19.2M
$13.5M
Q3 25
$12.9M
$14.0M
Q2 25
$11.4M
$12.6M
Q1 25
$9.4M
$13.7M
Q4 24
$14.2M
$11.9M
Q3 24
$11.5M
$13.8M
Q2 24
$12.1M
$13.0M
Q1 24
$10.2M
$12.8M
Net Profit
APYX
APYX
UBFO
UBFO
Q4 25
$-1.3M
$3.4M
Q3 25
$-2.0M
$4.0M
Q2 25
$-3.8M
$2.2M
Q1 25
$-4.2M
$2.7M
Q4 24
$-4.6M
$2.5M
Q3 24
$-4.7M
$3.8M
Q2 24
$-6.6M
$4.3M
Q1 24
$-7.6M
$4.2M
Gross Margin
APYX
APYX
UBFO
UBFO
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
UBFO
UBFO
Q4 25
0.1%
31.5%
Q3 25
-6.5%
40.3%
Q2 25
-22.6%
24.0%
Q1 25
-32.4%
27.5%
Q4 24
-21.4%
27.5%
Q3 24
-31.6%
37.1%
Q2 24
-45.7%
46.4%
Q1 24
-64.6%
45.9%
Net Margin
APYX
APYX
UBFO
UBFO
Q4 25
-6.8%
25.2%
Q3 25
-15.4%
28.7%
Q2 25
-33.2%
17.2%
Q1 25
-44.0%
19.6%
Q4 24
-32.5%
20.9%
Q3 24
-40.9%
27.7%
Q2 24
-54.0%
33.0%
Q1 24
-74.0%
32.6%
EPS (diluted)
APYX
APYX
UBFO
UBFO
Q4 25
$0.18
Q3 25
$0.23
Q2 25
$0.13
Q1 25
$0.16
Q4 24
$0.14
Q3 24
$0.22
Q2 24
$-0.19
$0.25
Q1 24
$-0.22
$0.24

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
UBFO
UBFO
Cash + ST InvestmentsLiquidity on hand
$31.7M
$264.2M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$139.7M
Total Assets
$66.8M
$1.2B
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
UBFO
UBFO
Q4 25
$31.7M
$264.2M
Q3 25
$25.1M
$211.1M
Q2 25
$29.3M
$199.5M
Q1 25
$31.0M
$198.4M
Q4 24
$31.7M
$216.9M
Q3 24
$28.0M
$216.8M
Q2 24
$32.7M
$166.3M
Q1 24
$37.3M
$168.6M
Total Debt
APYX
APYX
UBFO
UBFO
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
UBFO
UBFO
Q4 25
$14.5M
$139.7M
Q3 25
$5.8M
$137.4M
Q2 25
$7.3M
$134.3M
Q1 25
$10.5M
$132.9M
Q4 24
$14.2M
$130.4M
Q3 24
$11.0M
$132.9M
Q2 24
$14.7M
$127.3M
Q1 24
$20.3M
$124.2M
Total Assets
APYX
APYX
UBFO
UBFO
Q4 25
$66.8M
$1.2B
Q3 25
$57.4M
$1.2B
Q2 25
$58.2M
$1.2B
Q1 25
$60.2M
$1.2B
Q4 24
$64.8M
$1.2B
Q3 24
$60.7M
$1.3B
Q2 24
$65.4M
$1.2B
Q1 24
$70.7M
$1.2B
Debt / Equity
APYX
APYX
UBFO
UBFO
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
UBFO
UBFO
Operating Cash FlowLast quarter
$-2.5M
$22.1M
Free Cash FlowOCF − Capex
$-2.8M
$19.8M
FCF MarginFCF / Revenue
-14.6%
146.0%
Capex IntensityCapex / Revenue
1.4%
16.8%
Cash ConversionOCF / Net Profit
6.46×
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$36.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
UBFO
UBFO
Q4 25
$-2.5M
$22.1M
Q3 25
$-3.5M
$7.0M
Q2 25
$-1.2M
$8.7M
Q1 25
$-702.0K
$3.0M
Q4 24
$-2.9M
$19.6M
Q3 24
$-4.4M
$5.4M
Q2 24
$-4.3M
$2.3M
Q1 24
$-6.3M
$7.4M
Free Cash Flow
APYX
APYX
UBFO
UBFO
Q4 25
$-2.8M
$19.8M
Q3 25
$-4.1M
$6.1M
Q2 25
$-1.5M
$8.1M
Q1 25
$-757.0K
$2.9M
Q4 24
$-3.2M
$18.6M
Q3 24
$-4.6M
$5.3M
Q2 24
$-4.6M
$2.0M
Q1 24
$-6.4M
$7.0M
FCF Margin
APYX
APYX
UBFO
UBFO
Q4 25
-14.6%
146.0%
Q3 25
-31.5%
43.7%
Q2 25
-13.2%
64.3%
Q1 25
-8.0%
21.2%
Q4 24
-22.4%
156.0%
Q3 24
-40.0%
38.1%
Q2 24
-38.0%
15.5%
Q1 24
-62.2%
54.8%
Capex Intensity
APYX
APYX
UBFO
UBFO
Q4 25
1.4%
16.8%
Q3 25
4.0%
6.0%
Q2 25
2.3%
4.6%
Q1 25
0.6%
0.9%
Q4 24
1.7%
8.7%
Q3 24
1.3%
0.7%
Q2 24
2.4%
2.2%
Q1 24
0.3%
3.6%
Cash Conversion
APYX
APYX
UBFO
UBFO
Q4 25
6.46×
Q3 25
1.73×
Q2 25
4.01×
Q1 25
1.13×
Q4 24
7.87×
Q3 24
1.40×
Q2 24
0.54×
Q1 24
1.79×

Financial Flow Comparison

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

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