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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and Eton Pharmaceuticals, Inc. (ETON). Click either name above to swap in a different company.

Eton Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($21.3M vs $21.0M, roughly 1.0× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 7.0%, a 29.6% gap on every dollar of revenue. On growth, Eton Pharmaceuticals, Inc. posted the faster year-over-year revenue change (82.7% vs 44.0%). Over the past eight quarters, Eton Pharmaceuticals, Inc.'s revenue compounded faster (63.4% CAGR vs 51.1%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

Eton Pharmaceuticals, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative therapies for rare diseases, pediatric care and hospital care segments. It mainly operates in the U.S. market, partnering with medical stakeholders to deliver accessible high-quality treatments to underserved patients.

ASM vs ETON — Head-to-Head

Bigger by revenue
ETON
ETON
1.0× larger
ETON
$21.3M
$21.0M
ASM
Growing faster (revenue YoY)
ETON
ETON
+38.8% gap
ETON
82.7%
44.0%
ASM
Higher net margin
ASM
ASM
29.6% more per $
ASM
36.6%
7.0%
ETON
Faster 2-yr revenue CAGR
ETON
ETON
Annualised
ETON
63.4%
51.1%
ASM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
ETON
ETON
Revenue
$21.0M
$21.3M
Net Profit
$7.7M
$1.5M
Gross Margin
47.1%
61.6%
Operating Margin
11.6%
Net Margin
36.6%
7.0%
Revenue YoY
44.0%
82.7%
Net Profit YoY
558.9%
348.0%
EPS (diluted)
$0.05

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
ASM
ASM
ETON
ETON
Q4 25
$21.3M
Q3 25
$21.0M
$22.5M
Q2 25
$21.8M
$18.9M
Q1 25
$18.8M
$17.3M
Q4 24
$11.6M
Q3 24
$14.6M
$10.3M
Q2 24
$14.8M
$9.1M
Q1 24
$12.4M
$8.0M
Net Profit
ASM
ASM
ETON
ETON
Q4 25
$1.5M
Q3 25
$7.7M
$-1.9M
Q2 25
$2.9M
$-2.6M
Q1 25
$5.6M
$-1.6M
Q4 24
$-598.0K
Q3 24
$1.2M
$627.0K
Q2 24
$1.2M
$-3.0M
Q1 24
$599.0K
$-811.0K
Gross Margin
ASM
ASM
ETON
ETON
Q4 25
61.6%
Q3 25
47.1%
35.0%
Q2 25
46.9%
63.0%
Q1 25
56.1%
57.1%
Q4 24
55.6%
Q3 24
39.1%
61.0%
Q2 24
31.8%
62.0%
Q1 24
18.9%
62.9%
Operating Margin
ASM
ASM
ETON
ETON
Q4 25
11.6%
Q3 25
-6.1%
Q2 25
-7.8%
Q1 25
-2.7%
Q4 24
5.4%
Q3 24
4.9%
Q2 24
-32.3%
Q1 24
-10.0%
Net Margin
ASM
ASM
ETON
ETON
Q4 25
7.0%
Q3 25
36.6%
-8.6%
Q2 25
13.1%
-13.7%
Q1 25
29.8%
-9.1%
Q4 24
-5.1%
Q3 24
8.0%
6.1%
Q2 24
8.4%
-33.5%
Q1 24
4.8%
-10.2%
EPS (diluted)
ASM
ASM
ETON
ETON
Q4 25
Q3 25
$0.05
$-0.07
Q2 25
$0.02
Q1 25
$0.04
Q4 24
Q3 24
$0.01
$0.02
Q2 24
$0.01
$-0.12
Q1 24
$0.00
$-0.03

Balance Sheet & Financial Strength

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

Metric
ASM
ASM
ETON
ETON
Cash + ST InvestmentsLiquidity on hand
$57.3M
$25.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
$26.2M
Total Assets
$221.9M
$92.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
ETON
ETON
Q4 25
$25.9M
Q3 25
$57.3M
$37.1M
Q2 25
$37.3M
$25.4M
Q1 25
$26.6M
$17.4M
Q4 24
$14.9M
Q3 24
$7.8M
$20.3M
Q2 24
$5.3M
$17.7M
Q1 24
$3.5M
$16.7M
Total Debt
ASM
ASM
ETON
ETON
Q4 25
Q3 25
Q2 25
Q1 25
$30.0M
Q4 24
$29.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASM
ASM
ETON
ETON
Q4 25
$26.2M
Q3 25
$182.1M
$23.1M
Q2 25
$144.8M
$24.0M
Q1 25
$132.3M
$24.4M
Q4 24
$24.4M
Q3 24
$114.5M
$16.0M
Q2 24
$112.2M
$13.5M
Q1 24
$107.8M
$15.5M
Total Assets
ASM
ASM
ETON
ETON
Q4 25
$92.1M
Q3 25
$221.9M
$104.5M
Q2 25
$174.7M
$101.7M
Q1 25
$157.7M
$84.0M
Q4 24
$76.1M
Q3 24
$135.4M
$35.8M
Q2 24
$133.7M
$31.8M
Q1 24
$128.6M
$30.8M
Debt / Equity
ASM
ASM
ETON
ETON
Q4 25
Q3 25
Q2 25
Q1 25
1.23×
Q4 24
1.22×
Q3 24
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
ASM
ASM
ETON
ETON
Operating Cash FlowLast quarter
$8.3M
$-11.6M
Free Cash FlowOCF − Capex
$-11.6M
FCF MarginFCF / Revenue
-54.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.08×
-7.79×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
ETON
ETON
Q4 25
$-11.6M
Q3 25
$8.3M
$12.0M
Q2 25
$8.3M
$8.0M
Q1 25
$758.0K
$2.1M
Q4 24
$-765.0K
Q3 24
$4.1M
$3.0M
Q2 24
$1.1M
$1.3M
Q1 24
$2.3M
$-2.5M
Free Cash Flow
ASM
ASM
ETON
ETON
Q4 25
$-11.6M
Q3 25
$11.7M
Q2 25
Q1 25
Q4 24
$-777.0K
Q3 24
Q2 24
Q1 24
$-2.5M
FCF Margin
ASM
ASM
ETON
ETON
Q4 25
-54.5%
Q3 25
52.3%
Q2 25
Q1 25
Q4 24
-6.7%
Q3 24
Q2 24
Q1 24
-31.2%
Capex Intensity
ASM
ASM
ETON
ETON
Q4 25
0.2%
Q3 25
1.3%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.2%
Cash Conversion
ASM
ASM
ETON
ETON
Q4 25
-7.79×
Q3 25
1.08×
Q2 25
2.92×
Q1 25
0.13×
Q4 24
Q3 24
3.55×
4.71×
Q2 24
0.87×
Q1 24
3.92×

Financial Flow Comparison

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

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