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Side-by-side financial comparison of AYTU BIOPHARMA, INC (AYTU) and ESPEY MFG & ELECTRONICS CORP (ESP). Click either name above to swap in a different company.

AYTU BIOPHARMA, INC is the larger business by last-quarter revenue ($15.2M vs $12.1M, roughly 1.2× ESPEY MFG & ELECTRONICS CORP). ESPEY MFG & ELECTRONICS CORP runs the higher net margin — 23.1% vs -69.8%, a 92.9% gap on every dollar of revenue. On growth, AYTU BIOPHARMA, INC posted the faster year-over-year revenue change (-6.5% vs -10.8%). AYTU BIOPHARMA, INC produced more free cash flow last quarter ($3.7M vs $-4.1M). Over the past eight quarters, ESPEY MFG & ELECTRONICS CORP's revenue compounded faster (21.3% CAGR vs 4.0%).

Aytu BioPharma, Inc. is a US-based specialty pharmaceutical company that develops and commercializes a portfolio of consumer healthcare products and prescription therapeutics. Its key offerings cover cold and allergy treatments, sexual health solutions, and therapies for rare pediatric conditions, serving patients and healthcare providers across the United States.

ESPEY MFG & ELECTRONICS CORP is a US-based manufacturer specializing in high-reliability power supplies, power conversion systems and specialized electronic components. It serves aerospace, defense, industrial and transportation sectors, delivering custom solutions for harsh environments to OEMs and government contractors across North America and select global markets.

AYTU vs ESP — Head-to-Head

Bigger by revenue
AYTU
AYTU
1.2× larger
AYTU
$15.2M
$12.1M
ESP
Growing faster (revenue YoY)
AYTU
AYTU
+4.3% gap
AYTU
-6.5%
-10.8%
ESP
Higher net margin
ESP
ESP
92.9% more per $
ESP
23.1%
-69.8%
AYTU
More free cash flow
AYTU
AYTU
$7.8M more FCF
AYTU
$3.7M
$-4.1M
ESP
Faster 2-yr revenue CAGR
ESP
ESP
Annualised
ESP
21.3%
4.0%
AYTU

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
AYTU
AYTU
ESP
ESP
Revenue
$15.2M
$12.1M
Net Profit
$-10.6M
$2.8M
Gross Margin
63.5%
34.7%
Operating Margin
-13.0%
25.3%
Net Margin
-69.8%
23.1%
Revenue YoY
-6.5%
-10.8%
Net Profit YoY
-1443.1%
47.0%
EPS (diluted)
$-1.05
$0.99

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
AYTU
AYTU
ESP
ESP
Q4 25
$15.2M
$12.1M
Q3 25
$13.9M
$9.1M
Q2 25
$15.1M
$9.6M
Q1 25
$18.5M
$10.3M
Q4 24
$16.2M
$13.6M
Q3 24
$16.6M
$10.4M
Q2 24
$14.6M
$11.6M
Q1 24
$14.0M
$8.3M
Net Profit
AYTU
AYTU
ESP
ESP
Q4 25
$-10.6M
$2.8M
Q3 25
$2.0M
$2.2M
Q2 25
$-19.8M
$2.9M
Q1 25
$4.0M
$1.7M
Q4 24
$788.0K
$1.9M
Q3 24
$1.5M
$1.6M
Q2 24
$-4.6M
$1.9M
Q1 24
$-2.9M
$1.0M
Gross Margin
AYTU
AYTU
ESP
ESP
Q4 25
63.5%
34.7%
Q3 25
66.1%
35.4%
Q2 25
67.8%
39.3%
Q1 25
69.4%
28.6%
Q4 24
66.5%
23.2%
Q3 24
72.3%
26.8%
Q2 24
75.7%
27.6%
Q1 24
73.9%
25.0%
Operating Margin
AYTU
AYTU
ESP
ESP
Q4 25
-13.0%
25.3%
Q3 25
-10.8%
22.7%
Q2 25
-50.4%
27.4%
Q1 25
13.1%
17.0%
Q4 24
-10.4%
14.9%
Q3 24
-5.6%
16.5%
Q2 24
-15.6%
18.4%
Q1 24
-11.4%
13.2%
Net Margin
AYTU
AYTU
ESP
ESP
Q4 25
-69.8%
23.1%
Q3 25
14.1%
23.9%
Q2 25
-130.9%
30.6%
Q1 25
21.6%
16.5%
Q4 24
4.9%
14.0%
Q3 24
8.9%
15.3%
Q2 24
-31.6%
16.3%
Q1 24
-20.6%
12.5%
EPS (diluted)
AYTU
AYTU
ESP
ESP
Q4 25
$-1.05
$0.99
Q3 25
$-0.08
$0.76
Q2 25
$1.07
Q1 25
$0.21
$0.63
Q4 24
$-0.26
$0.71
Q3 24
$-0.15
$0.61
Q2 24
$0.73
Q1 24
$-0.52
$0.40

Balance Sheet & Financial Strength

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

Metric
AYTU
AYTU
ESP
ESP
Cash + ST InvestmentsLiquidity on hand
$30.0M
$17.8M
Total DebtLower is stronger
$10.0M
Stockholders' EquityBook value
$14.2M
$53.2M
Total Assets
$122.0M
$85.2M
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYTU
AYTU
ESP
ESP
Q4 25
$30.0M
$17.8M
Q3 25
$32.6M
$22.2M
Q2 25
$31.0M
$18.9M
Q1 25
$18.2M
$13.9M
Q4 24
$20.4M
$8.0M
Q3 24
$20.1M
$4.8M
Q2 24
$20.0M
$4.4M
Q1 24
$19.8M
$5.6M
Total Debt
AYTU
AYTU
ESP
ESP
Q4 25
$10.0M
Q3 25
$10.4M
Q2 25
$10.9M
Q1 25
$9.5M
Q4 24
$10.0M
Q3 24
$10.4M
Q2 24
$10.9M
Q1 24
$0
Stockholders' Equity
AYTU
AYTU
ESP
ESP
Q4 25
$14.2M
$53.2M
Q3 25
$23.2M
$51.0M
Q2 25
$19.0M
$50.8M
Q1 25
$34.9M
$46.3M
Q4 24
$30.8M
$44.8M
Q3 24
$29.8M
$42.5M
Q2 24
$27.7M
$41.3M
Q1 24
$30.8M
$39.3M
Total Assets
AYTU
AYTU
ESP
ESP
Q4 25
$122.0M
$85.2M
Q3 25
$125.0M
$84.8M
Q2 25
$124.2M
$79.1M
Q1 25
$124.2M
$72.8M
Q4 24
$116.2M
$60.2M
Q3 24
$115.8M
$57.6M
Q2 24
$118.1M
$56.5M
Q1 24
$128.9M
$53.1M
Debt / Equity
AYTU
AYTU
ESP
ESP
Q4 25
0.70×
Q3 25
0.45×
Q2 25
0.57×
Q1 25
0.27×
Q4 24
0.32×
Q3 24
0.35×
Q2 24
0.39×
Q1 24
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AYTU
AYTU
ESP
ESP
Operating Cash FlowLast quarter
$3.7M
$-2.8M
Free Cash FlowOCF − Capex
$3.7M
$-4.1M
FCF MarginFCF / Revenue
24.1%
-34.1%
Capex IntensityCapex / Revenue
0.1%
10.9%
Cash ConversionOCF / Net Profit
-1.00×
TTM Free Cash FlowTrailing 4 quarters
$11.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYTU
AYTU
ESP
ESP
Q4 25
$3.7M
$-2.8M
Q3 25
$-618.0K
$5.7M
Q2 25
$2.8M
$2.8M
Q1 25
$-6.5M
$11.5M
Q4 24
$2.9M
$5.4M
Q3 24
$-1.2M
$1.4M
Q2 24
$-788.0K
$3.2M
Q1 24
$-254.0K
$1.4M
Free Cash Flow
AYTU
AYTU
ESP
ESP
Q4 25
$3.7M
$-4.1M
Q3 25
$4.4M
Q2 25
$915.3K
Q1 25
$-6.5M
$10.5M
Q4 24
$2.9M
$4.5M
Q3 24
$-1.3M
$724.8K
Q2 24
$2.6M
Q1 24
$379.1K
FCF Margin
AYTU
AYTU
ESP
ESP
Q4 25
24.1%
-34.1%
Q3 25
48.7%
Q2 25
9.5%
Q1 25
-35.4%
101.8%
Q4 24
17.9%
33.0%
Q3 24
-8.0%
6.9%
Q2 24
22.2%
Q1 24
4.6%
Capex Intensity
AYTU
AYTU
ESP
ESP
Q4 25
0.1%
10.9%
Q3 25
0.0%
14.2%
Q2 25
19.3%
Q1 25
0.4%
9.3%
Q4 24
0.0%
6.5%
Q3 24
0.8%
6.4%
Q2 24
5.7%
Q1 24
0.0%
12.5%
Cash Conversion
AYTU
AYTU
ESP
ESP
Q4 25
-1.00×
Q3 25
-0.31×
2.64×
Q2 25
0.95×
Q1 25
-1.62×
6.72×
Q4 24
3.69×
2.82×
Q3 24
-0.81×
0.87×
Q2 24
1.71×
Q1 24
1.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AYTU
AYTU

Segment breakdown not available.

ESP
ESP

ASC606$11.3M93%
Other$855.0K7%

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