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

TANTECH HOLDINGS LTD is the larger business by last-quarter revenue ($21.5M vs $21.0M, roughly 1.0× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 8.2%, a 28.4% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs -0.2%).

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.

Tantech Holdings Ltd is a China-based specialty manufacturing enterprise focused on R&D, production and distribution of bamboo-derived carbon products, high-performance clean energy materials and eco-friendly consumer goods, serving customers across Chinese and global markets in consumer goods, industrial materials and new energy segments.

ASM vs TANH — Head-to-Head

Bigger by revenue
TANH
TANH
1.0× larger
TANH
$21.5M
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+44.2% gap
ASM
44.0%
-0.2%
TANH
Higher net margin
ASM
ASM
28.4% more per $
ASM
36.6%
8.2%
TANH

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
ASM
ASM
TANH
TANH
Revenue
$21.0M
$21.5M
Net Profit
$7.7M
$1.8M
Gross Margin
47.1%
22.2%
Operating Margin
10.8%
Net Margin
36.6%
8.2%
Revenue YoY
44.0%
-0.2%
Net Profit YoY
558.9%
59.8%
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
TANH
TANH
Q3 25
$21.0M
Q2 25
$21.8M
$21.5M
Q1 25
$18.8M
Q3 24
$14.6M
Q2 24
$14.8M
$21.5M
Q1 24
$12.4M
Q3 23
$12.3M
Q2 23
$9.2M
Net Profit
ASM
ASM
TANH
TANH
Q3 25
$7.7M
Q2 25
$2.9M
$1.8M
Q1 25
$5.6M
Q3 24
$1.2M
Q2 24
$1.2M
$1.1M
Q1 24
$599.0K
Q3 23
$-803.0K
Q2 23
$1.1M
Gross Margin
ASM
ASM
TANH
TANH
Q3 25
47.1%
Q2 25
46.9%
22.2%
Q1 25
56.1%
Q3 24
39.1%
Q2 24
31.8%
22.3%
Q1 24
18.9%
Q3 23
19.2%
Q2 23
11.3%
Operating Margin
ASM
ASM
TANH
TANH
Q3 25
Q2 25
10.8%
Q1 25
Q3 24
Q2 24
8.0%
Q1 24
Q3 23
Q2 23
Net Margin
ASM
ASM
TANH
TANH
Q3 25
36.6%
Q2 25
13.1%
8.2%
Q1 25
29.8%
Q3 24
8.0%
Q2 24
8.4%
5.1%
Q1 24
4.8%
Q3 23
-6.5%
Q2 23
12.3%
EPS (diluted)
ASM
ASM
TANH
TANH
Q3 25
$0.05
Q2 25
$0.02
Q1 25
$0.04
Q3 24
$0.01
Q2 24
$0.01
$0.21
Q1 24
$0.00
Q3 23
$-0.01
Q2 23
$0.01

Balance Sheet & Financial Strength

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

Metric
ASM
ASM
TANH
TANH
Cash + ST InvestmentsLiquidity on hand
$57.3M
$35.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
$128.3M
Total Assets
$221.9M
$143.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
TANH
TANH
Q3 25
$57.3M
Q2 25
$37.3M
$35.2M
Q1 25
$26.6M
Q3 24
$7.8M
Q2 24
$5.3M
$34.2M
Q1 24
$3.5M
Q3 23
$1.9M
Q2 23
$1.2M
Stockholders' Equity
ASM
ASM
TANH
TANH
Q3 25
$182.1M
Q2 25
$144.8M
$128.3M
Q1 25
$132.3M
Q3 24
$114.5M
Q2 24
$112.2M
$126.0M
Q1 24
$107.8M
Q3 23
$102.7M
Q2 23
$99.8M
Total Assets
ASM
ASM
TANH
TANH
Q3 25
$221.9M
Q2 25
$174.7M
$143.0M
Q1 25
$157.7M
Q3 24
$135.4M
Q2 24
$133.7M
$142.2M
Q1 24
$128.6M
Q3 23
$123.5M
Q2 23
$120.5M

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
TANH
TANH
Operating Cash FlowLast quarter
$8.3M
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
TANH
TANH
Q3 25
$8.3M
Q2 25
$8.3M
Q1 25
$758.0K
Q3 24
$4.1M
Q2 24
$1.1M
$4.4M
Q1 24
$2.3M
Q3 23
$-83.0K
Q2 23
$502.0K
Free Cash Flow
ASM
ASM
TANH
TANH
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
$4.4M
Q1 24
Q3 23
Q2 23
FCF Margin
ASM
ASM
TANH
TANH
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
20.6%
Q1 24
Q3 23
Q2 23
Capex Intensity
ASM
ASM
TANH
TANH
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
0.1%
Q1 24
Q3 23
Q2 23
Cash Conversion
ASM
ASM
TANH
TANH
Q3 25
1.08×
Q2 25
2.92×
Q1 25
0.13×
Q3 24
3.55×
Q2 24
0.87×
4.01×
Q1 24
3.92×
Q3 23
Q2 23
0.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASM
ASM

Segment breakdown not available.

TANH
TANH

Revenue from China$20.9M97%
Revenue directly from foreign countries$602.2K3%

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