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Side-by-side financial comparison of Apyx Medical Corp (APYX) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Apyx Medical Corp is the larger business by last-quarter revenue ($19.2M vs $19.1M, roughly 1.0× Americas Gold & Silver Corp). Apyx Medical Corp runs the higher net margin — -6.8% vs -82.3%, a 75.6% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs -28.0%). Apyx Medical Corp produced more free cash flow last quarter ($-2.8M vs $-41.3M).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

APYX vs USAS — Head-to-Head

Bigger by revenue
APYX
APYX
1.0× larger
APYX
$19.2M
$19.1M
USAS
Growing faster (revenue YoY)
APYX
APYX
+62.8% gap
APYX
34.7%
-28.0%
USAS
Higher net margin
APYX
APYX
75.6% more per $
APYX
-6.8%
-82.3%
USAS
More free cash flow
APYX
APYX
$38.5M more FCF
APYX
$-2.8M
$-41.3M
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
APYX
APYX
USAS
USAS
Revenue
$19.2M
$19.1M
Net Profit
$-1.3M
$-15.7M
Gross Margin
62.6%
34.2%
Operating Margin
0.1%
Net Margin
-6.8%
-82.3%
Revenue YoY
34.7%
-28.0%
Net Profit YoY
71.9%
2.8%
EPS (diluted)

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
USAS
USAS
Q4 25
$19.2M
Q3 25
$12.9M
$19.1M
Q2 25
$11.4M
Q1 25
$9.4M
Q4 24
$14.2M
Q3 24
$11.5M
$26.5M
Q2 24
$12.1M
Q1 24
$10.2M
Net Profit
APYX
APYX
USAS
USAS
Q4 25
$-1.3M
Q3 25
$-2.0M
$-15.7M
Q2 25
$-3.8M
Q1 25
$-4.2M
Q4 24
$-4.6M
Q3 24
$-4.7M
$-16.2M
Q2 24
$-6.6M
Q1 24
$-7.6M
Gross Margin
APYX
APYX
USAS
USAS
Q4 25
62.6%
Q3 25
64.4%
34.2%
Q2 25
62.3%
Q1 25
60.1%
Q4 24
63.0%
Q3 24
60.5%
23.6%
Q2 24
61.7%
Q1 24
58.1%
Operating Margin
APYX
APYX
USAS
USAS
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
USAS
USAS
Q4 25
-6.8%
Q3 25
-15.4%
-82.3%
Q2 25
-33.2%
Q1 25
-44.0%
Q4 24
-32.5%
Q3 24
-40.9%
-60.9%
Q2 24
-54.0%
Q1 24
-74.0%
EPS (diluted)
APYX
APYX
USAS
USAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-0.19
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$31.7M
$39.1M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$50.2M
Total Assets
$66.8M
$234.7M
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
USAS
USAS
Q4 25
$31.7M
Q3 25
$25.1M
$39.1M
Q2 25
$29.3M
Q1 25
$31.0M
Q4 24
$31.7M
Q3 24
$28.0M
Q2 24
$32.7M
Q1 24
$37.3M
Total Debt
APYX
APYX
USAS
USAS
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
USAS
USAS
Q4 25
$14.5M
Q3 25
$5.8M
$50.2M
Q2 25
$7.3M
Q1 25
$10.5M
Q4 24
$14.2M
Q3 24
$11.0M
$53.1M
Q2 24
$14.7M
Q1 24
$20.3M
Total Assets
APYX
APYX
USAS
USAS
Q4 25
$66.8M
Q3 25
$57.4M
$234.7M
Q2 25
$58.2M
Q1 25
$60.2M
Q4 24
$64.8M
Q3 24
$60.7M
Q2 24
$65.4M
Q1 24
$70.7M
Debt / Equity
APYX
APYX
USAS
USAS
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
USAS
USAS
Operating Cash FlowLast quarter
$-2.5M
$-12.5M
Free Cash FlowOCF − Capex
$-2.8M
$-41.3M
FCF MarginFCF / Revenue
-14.6%
-216.5%
Capex IntensityCapex / Revenue
1.4%
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
USAS
USAS
Q4 25
$-2.5M
Q3 25
$-3.5M
$-12.5M
Q2 25
$-1.2M
Q1 25
$-702.0K
Q4 24
$-2.9M
Q3 24
$-4.4M
$2.4M
Q2 24
$-4.3M
Q1 24
$-6.3M
Free Cash Flow
APYX
APYX
USAS
USAS
Q4 25
$-2.8M
Q3 25
$-4.1M
$-41.3M
Q2 25
$-1.5M
Q1 25
$-757.0K
Q4 24
$-3.2M
Q3 24
$-4.6M
$-11.2M
Q2 24
$-4.6M
Q1 24
$-6.4M
FCF Margin
APYX
APYX
USAS
USAS
Q4 25
-14.6%
Q3 25
-31.5%
-216.5%
Q2 25
-13.2%
Q1 25
-8.0%
Q4 24
-22.4%
Q3 24
-40.0%
-42.2%
Q2 24
-38.0%
Q1 24
-62.2%
Capex Intensity
APYX
APYX
USAS
USAS
Q4 25
1.4%
Q3 25
4.0%
150.8%
Q2 25
2.3%
Q1 25
0.6%
Q4 24
1.7%
Q3 24
1.3%
51.2%
Q2 24
2.4%
Q1 24
0.3%

Financial Flow Comparison

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

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