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Side-by-side financial comparison of Beam Global (BEEM) and TON Strategy Co (TONX). Click either name above to swap in a different company.

Beam Global is the larger business by last-quarter revenue ($9.0M vs $5.7M, roughly 1.6× TON Strategy Co). Beam Global runs the higher net margin — -25.8% vs -3968.6%, a 3942.8% gap on every dollar of revenue. On growth, TON Strategy Co posted the faster year-over-year revenue change (694.2% vs 6.7%). Beam Global produced more free cash flow last quarter ($-3.8M vs $-8.0M). Over the past eight quarters, TON Strategy Co's revenue compounded faster (46.1% CAGR vs -21.2%).

Suntory Global Spirits Inc., formerly known as Beam Suntory, Inc., and before that as Beam, Inc., is an American beverage company that is a subsidiary of Suntory Holdings, a Japanese multinational beverage conglomerate. The company produces alcoholic beverages.

BEEM vs TONX — Head-to-Head

Bigger by revenue
BEEM
BEEM
1.6× larger
BEEM
$9.0M
$5.7M
TONX
Growing faster (revenue YoY)
TONX
TONX
+687.5% gap
TONX
694.2%
6.7%
BEEM
Higher net margin
BEEM
BEEM
3942.8% more per $
BEEM
-25.8%
-3968.6%
TONX
More free cash flow
BEEM
BEEM
$4.2M more FCF
BEEM
$-3.8M
$-8.0M
TONX
Faster 2-yr revenue CAGR
TONX
TONX
Annualised
TONX
46.1%
-21.2%
BEEM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BEEM
BEEM
TONX
TONX
Revenue
$9.0M
$5.7M
Net Profit
$-2.3M
$-227.9M
Gross Margin
17.8%
64.3%
Operating Margin
-29.3%
-159.2%
Net Margin
-25.8%
-3968.6%
Revenue YoY
6.7%
694.2%
Net Profit YoY
49.6%
-7047.9%
EPS (diluted)
$-3.89

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
BEEM
BEEM
TONX
TONX
Q4 25
$9.0M
$5.7M
Q3 25
$5.8M
$3.6M
Q2 25
$7.1M
$2.1M
Q1 25
$6.3M
$1.3M
Q4 24
$8.5M
$723.0K
Q3 24
$11.5M
Q2 24
$14.8M
Q1 24
$14.6M
Net Profit
BEEM
BEEM
TONX
TONX
Q4 25
$-2.3M
$-227.9M
Q3 25
$-4.9M
$84.3M
Q2 25
$-4.3M
$-2.4M
Q1 25
$-15.5M
$-2.6M
Q4 24
$-4.6M
$-3.2M
Q3 24
$1.3M
Q2 24
$-4.9M
Q1 24
$-3.0M
Gross Margin
BEEM
BEEM
TONX
TONX
Q4 25
17.8%
64.3%
Q3 25
-0.5%
75.4%
Q2 25
20.3%
71.2%
Q1 25
7.9%
73.4%
Q4 24
26.3%
81.5%
Q3 24
10.7%
Q2 24
15.9%
Q1 24
10.2%
Operating Margin
BEEM
BEEM
TONX
TONX
Q4 25
-29.3%
-159.2%
Q3 25
-84.2%
-601.5%
Q2 25
-63.1%
-138.2%
Q1 25
-245.8%
-203.8%
Q4 24
-60.1%
-513.1%
Q3 24
11.2%
Q2 24
-32.3%
Q1 24
-20.9%
Net Margin
BEEM
BEEM
TONX
TONX
Q4 25
-25.8%
-3968.6%
Q3 25
-84.1%
2336.8%
Q2 25
-60.5%
-111.9%
Q1 25
-245.5%
-196.5%
Q4 24
-54.5%
-440.9%
Q3 24
11.3%
Q2 24
-33.2%
Q1 24
-20.9%
EPS (diluted)
BEEM
BEEM
TONX
TONX
Q4 25
$-3.89
Q3 25
$-0.28
$2.23
Q2 25
$-0.28
$-1.79
Q1 25
$-1.04
$-2.51
Q4 24
$-0.31
$10.41
Q3 24
$0.09
Q2 24
$-0.34
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
BEEM
BEEM
TONX
TONX
Cash + ST InvestmentsLiquidity on hand
$969.0K
$39.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$24.8M
$406.5M
Total Assets
$42.7M
$411.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BEEM
BEEM
TONX
TONX
Q4 25
$969.0K
$39.5M
Q3 25
$3.3M
$53.9M
Q2 25
$10.4M
Q1 25
$12.2M
Q4 24
$4.6M
$12.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BEEM
BEEM
TONX
TONX
Q4 25
$24.8M
$406.5M
Q3 25
$26.5M
$639.1M
Q2 25
$26.9M
$19.4M
Q1 25
$26.7M
$14.6M
Q4 24
$41.3M
$16.2M
Q3 24
$46.4M
Q2 24
$43.4M
Q1 24
$46.9M
Total Assets
BEEM
BEEM
TONX
TONX
Q4 25
$42.7M
$411.2M
Q3 25
$44.6M
$661.9M
Q2 25
$46.7M
$23.7M
Q1 25
$46.8M
$18.4M
Q4 24
$61.5M
$20.6M
Q3 24
$67.3M
Q2 24
$71.9M
Q1 24
$75.7M

Cash Flow & Capital Efficiency

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

Metric
BEEM
BEEM
TONX
TONX
Operating Cash FlowLast quarter
$-3.8M
$-8.0M
Free Cash FlowOCF − Capex
$-3.8M
$-8.0M
FCF MarginFCF / Revenue
-42.3%
-139.3%
Capex IntensityCapex / Revenue
0.6%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.8M
$-20.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BEEM
BEEM
TONX
TONX
Q4 25
$-3.8M
$-8.0M
Q3 25
$-4.6M
$-9.4M
Q2 25
$-318.0K
$-2.3M
Q1 25
$-1.8M
$-1.1M
Q4 24
$859.0K
$-1.9M
Q3 24
$-3.0M
Q2 24
$2.9M
Q1 24
$-3.0M
Free Cash Flow
BEEM
BEEM
TONX
TONX
Q4 25
$-3.8M
$-8.0M
Q3 25
$-5.1M
$-9.4M
Q2 25
$-1.1M
$-2.3M
Q1 25
$-1.8M
$-1.1M
Q4 24
$462.0K
$-2.0M
Q3 24
$-3.1M
Q2 24
$2.8M
Q1 24
$-3.1M
FCF Margin
BEEM
BEEM
TONX
TONX
Q4 25
-42.3%
-139.3%
Q3 25
-87.9%
-261.4%
Q2 25
-15.2%
-107.8%
Q1 25
-28.7%
-87.0%
Q4 24
5.4%
-279.9%
Q3 24
-27.4%
Q2 24
18.9%
Q1 24
-21.5%
Capex Intensity
BEEM
BEEM
TONX
TONX
Q4 25
0.6%
0.1%
Q3 25
7.8%
0.4%
Q2 25
10.7%
0.1%
Q1 25
0.9%
5.1%
Q4 24
4.7%
22.1%
Q3 24
1.7%
Q2 24
0.9%
Q1 24
0.7%
Cash Conversion
BEEM
BEEM
TONX
TONX
Q4 25
Q3 25
-0.11×
Q2 25
Q1 25
Q4 24
Q3 24
-2.28×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BEEM
BEEM

Products$7.0M77%
Other$2.0M23%

TONX
TONX

Market Live$4.8M83%
Other$960.0K17%

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