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Side-by-side financial comparison of Apyx Medical Corp (APYX) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.
UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $19.2M, roughly 1.8× Apyx Medical Corp). UNITY BANCORP INC runs the higher net margin — 43.9% vs -6.8%, a 50.6% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 24.2%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 17.5%).
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.
Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.
APYX vs UNTY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.2M | $35.3M |
| Net Profit | $-1.3M | $15.5M |
| Gross Margin | 62.6% | — |
| Operating Margin | 0.1% | 55.8% |
| Net Margin | -6.8% | 43.9% |
| Revenue YoY | 34.7% | 24.2% |
| Net Profit YoY | 71.9% | 34.5% |
| EPS (diluted) | — | $1.52 |
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 | $35.3M | ||
| Q3 25 | $12.9M | $32.8M | ||
| Q2 25 | $11.4M | $34.4M | ||
| Q1 25 | $9.4M | $29.4M | ||
| Q4 24 | $14.2M | $28.4M | ||
| Q3 24 | $11.5M | $27.7M | ||
| Q2 24 | $12.1M | $25.5M | ||
| Q1 24 | $10.2M | $25.6M |
| Q4 25 | $-1.3M | $15.5M | ||
| Q3 25 | $-2.0M | $14.4M | ||
| Q2 25 | $-3.8M | $16.5M | ||
| Q1 25 | $-4.2M | $11.6M | ||
| Q4 24 | $-4.6M | $11.5M | ||
| Q3 24 | $-4.7M | $10.9M | ||
| Q2 24 | $-6.6M | $9.5M | ||
| Q1 24 | $-7.6M | $9.6M |
| 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% | — |
| Q4 25 | 0.1% | 55.8% | ||
| Q3 25 | -6.5% | 57.5% | ||
| Q2 25 | -22.6% | 62.6% | ||
| Q1 25 | -32.4% | 52.6% | ||
| Q4 24 | -21.4% | 51.0% | ||
| Q3 24 | -31.6% | 52.7% | ||
| Q2 24 | -45.7% | 49.3% | ||
| Q1 24 | -64.6% | 50.0% |
| Q4 25 | -6.8% | 43.9% | ||
| Q3 25 | -15.4% | 43.8% | ||
| Q2 25 | -33.2% | 48.0% | ||
| Q1 25 | -44.0% | 39.5% | ||
| Q4 24 | -32.5% | 40.5% | ||
| Q3 24 | -40.9% | 39.4% | ||
| Q2 24 | -54.0% | 37.1% | ||
| Q1 24 | -74.0% | 37.5% |
| Q4 25 | — | $1.52 | ||
| Q3 25 | — | $1.41 | ||
| Q2 25 | — | $1.61 | ||
| Q1 25 | — | $1.13 | ||
| Q4 24 | — | $1.13 | ||
| Q3 24 | — | $1.07 | ||
| Q2 24 | $-0.19 | $0.92 | ||
| Q1 24 | $-0.22 | $0.94 |
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 | — |
| Total DebtLower is stronger | $37.5M | — |
| Stockholders' EquityBook value | $14.5M | $345.6M |
| Total Assets | $66.8M | $3.0B |
| Debt / EquityLower = less leverage | 2.58× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| Q4 25 | $37.5M | — | ||
| Q3 25 | $37.5M | — | ||
| Q2 25 | $37.5M | — | ||
| Q1 25 | $37.5M | — | ||
| Q4 24 | $37.5M | $230.8M | ||
| Q3 24 | $37.5M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $14.5M | $345.6M | ||
| Q3 25 | $5.8M | $334.0M | ||
| Q2 25 | $7.3M | $319.8M | ||
| Q1 25 | $10.5M | $306.1M | ||
| Q4 24 | $14.2M | $295.6M | ||
| Q3 24 | $11.0M | $284.3M | ||
| Q2 24 | $14.7M | $273.4M | ||
| Q1 24 | $20.3M | $266.8M |
| Q4 25 | $66.8M | $3.0B | ||
| Q3 25 | $57.4M | $2.9B | ||
| Q2 25 | $58.2M | $2.9B | ||
| Q1 25 | $60.2M | $2.8B | ||
| Q4 24 | $64.8M | $2.7B | ||
| Q3 24 | $60.7M | $2.6B | ||
| Q2 24 | $65.4M | $2.6B | ||
| Q1 24 | $70.7M | $2.6B |
| Q4 25 | 2.58× | — | ||
| Q3 25 | 6.41× | — | ||
| Q2 25 | 5.17× | — | ||
| Q1 25 | 3.57× | — | ||
| Q4 24 | 2.64× | 0.78× | ||
| 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 | $44.9M |
| Free Cash FlowOCF − Capex | $-2.8M | $44.3M |
| FCF MarginFCF / Revenue | -14.6% | 125.7% |
| Capex IntensityCapex / Revenue | 1.4% | 1.6% |
| Cash ConversionOCF / Net Profit | — | 2.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-9.1M | $81.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-2.5M | $44.9M | ||
| Q3 25 | $-3.5M | $45.5M | ||
| Q2 25 | $-1.2M | $-25.3M | ||
| Q1 25 | $-702.0K | $17.9M | ||
| Q4 24 | $-2.9M | $48.0M | ||
| Q3 24 | $-4.4M | $17.7M | ||
| Q2 24 | $-4.3M | $-8.4M | ||
| Q1 24 | $-6.3M | $15.8M |
| Q4 25 | $-2.8M | $44.3M | ||
| Q3 25 | $-4.1M | $45.3M | ||
| Q2 25 | $-1.5M | $-25.5M | ||
| Q1 25 | $-757.0K | $17.6M | ||
| Q4 24 | $-3.2M | $47.3M | ||
| Q3 24 | $-4.6M | $17.5M | ||
| Q2 24 | $-4.6M | $-8.6M | ||
| Q1 24 | $-6.4M | $15.7M |
| Q4 25 | -14.6% | 125.7% | ||
| Q3 25 | -31.5% | 138.1% | ||
| Q2 25 | -13.2% | -74.2% | ||
| Q1 25 | -8.0% | 59.9% | ||
| Q4 24 | -22.4% | 166.5% | ||
| Q3 24 | -40.0% | 63.3% | ||
| Q2 24 | -38.0% | -33.7% | ||
| Q1 24 | -62.2% | 61.4% |
| Q4 25 | 1.4% | 1.6% | ||
| Q3 25 | 4.0% | 0.7% | ||
| Q2 25 | 2.3% | 0.5% | ||
| Q1 25 | 0.6% | 1.0% | ||
| Q4 24 | 1.7% | 2.4% | ||
| Q3 24 | 1.3% | 0.5% | ||
| Q2 24 | 2.4% | 0.5% | ||
| Q1 24 | 0.3% | 0.3% |
| Q4 25 | — | 2.90× | ||
| Q3 25 | — | 3.16× | ||
| Q2 25 | — | -1.54× | ||
| Q1 25 | — | 1.54× | ||
| Q4 24 | — | 4.17× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
