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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

AVINO SILVER & GOLD MINES LTD is the larger business by last-quarter revenue ($21.0M vs $13.8M, roughly 1.5× FENNEC PHARMACEUTICALS INC.). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs -34.7%, a 71.3% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 44.0%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% CAGR vs -26.3%).

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.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

ASM vs FENC — Head-to-Head

Bigger by revenue
ASM
ASM
1.5× larger
ASM
$21.0M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+29.9% gap
FENC
73.8%
44.0%
ASM
Higher net margin
ASM
ASM
71.3% more per $
ASM
36.6%
-34.7%
FENC
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
-26.3%
FENC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
FENC
FENC
Revenue
$21.0M
$13.8M
Net Profit
$7.7M
$-4.8M
Gross Margin
47.1%
Operating Margin
-18.5%
Net Margin
36.6%
-34.7%
Revenue YoY
44.0%
73.8%
Net Profit YoY
558.9%
-141.1%
EPS (diluted)
$0.05
$-0.17

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
FENC
FENC
Q4 25
$13.8M
Q3 25
$21.0M
$12.5M
Q2 25
$21.8M
$9.7M
Q1 25
$18.8M
$8.8M
Q4 24
$7.9M
Q3 24
$14.6M
$7.0M
Q2 24
$14.8M
$7.3M
Q1 24
$12.4M
$25.4M
Net Profit
ASM
ASM
FENC
FENC
Q4 25
$-4.8M
Q3 25
$7.7M
$-638.0K
Q2 25
$2.9M
$-3.2M
Q1 25
$5.6M
$-1.2M
Q4 24
$-2.0M
Q3 24
$1.2M
$-5.7M
Q2 24
$1.2M
$-5.6M
Q1 24
$599.0K
$12.8M
Gross Margin
ASM
ASM
FENC
FENC
Q4 25
Q3 25
47.1%
Q2 25
46.9%
Q1 25
56.1%
Q4 24
Q3 24
39.1%
Q2 24
31.8%
Q1 24
18.9%
Operating Margin
ASM
ASM
FENC
FENC
Q4 25
-18.5%
Q3 25
-1.5%
Q2 25
-28.3%
Q1 25
-9.2%
Q4 24
-11.8%
Q3 24
-74.6%
Q2 24
-69.4%
Q1 24
54.2%
Net Margin
ASM
ASM
FENC
FENC
Q4 25
-34.7%
Q3 25
36.6%
-5.1%
Q2 25
13.1%
-32.7%
Q1 25
29.8%
-13.3%
Q4 24
-25.0%
Q3 24
8.0%
-82.2%
Q2 24
8.4%
-76.5%
Q1 24
4.8%
50.6%
EPS (diluted)
ASM
ASM
FENC
FENC
Q4 25
$-0.17
Q3 25
$0.05
$-0.02
Q2 25
$0.02
$-0.11
Q1 25
$0.04
$-0.04
Q4 24
$-0.02
Q3 24
$0.01
$-0.21
Q2 24
$0.01
$-0.20
Q1 24
$0.00
$0.41

Balance Sheet & Financial Strength

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

Metric
ASM
ASM
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$57.3M
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
$35.5M
Total Assets
$221.9M
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
FENC
FENC
Q4 25
$36.8M
Q3 25
$57.3M
$21.9M
Q2 25
$37.3M
$18.7M
Q1 25
$26.6M
$22.7M
Q4 24
$26.6M
Q3 24
$7.8M
$40.3M
Q2 24
$5.3M
$43.1M
Q1 24
$3.5M
$51.2M
Total Debt
ASM
ASM
FENC
FENC
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
ASM
ASM
FENC
FENC
Q4 25
$35.5M
Q3 25
$182.1M
$-4.5M
Q2 25
$144.8M
$-7.5M
Q1 25
$132.3M
$-5.9M
Q4 24
$-5.9M
Q3 24
$114.5M
$-5.2M
Q2 24
$112.2M
$-1.4M
Q1 24
$107.8M
$3.0M
Total Assets
ASM
ASM
FENC
FENC
Q4 25
$70.6M
Q3 25
$221.9M
$49.3M
Q2 25
$174.7M
$44.9M
Q1 25
$157.7M
$46.4M
Q4 24
$44.9M
Q3 24
$135.4M
$58.9M
Q2 24
$133.7M
$63.2M
Q1 24
$128.6M
$69.2M
Debt / Equity
ASM
ASM
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

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
FENC
FENC
Operating Cash FlowLast quarter
$8.3M
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
FENC
FENC
Q4 25
$-6.0M
Q3 25
$8.3M
$1.5M
Q2 25
$8.3M
$-3.7M
Q1 25
$758.0K
$-4.3M
Q4 24
$-1.5M
Q3 24
$4.1M
$-2.2M
Q2 24
$1.1M
$-8.4M
Q1 24
$2.3M
$39.0M
Cash Conversion
ASM
ASM
FENC
FENC
Q4 25
Q3 25
1.08×
Q2 25
2.92×
Q1 25
0.13×
Q4 24
Q3 24
3.55×
Q2 24
0.87×
Q1 24
3.92×
3.04×

Financial Flow Comparison

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

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