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Side-by-side financial comparison of BK Technologies Corp (BKTI) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
BK Technologies Corp is the larger business by last-quarter revenue ($21.5M vs $13.2M, roughly 1.6× TriSalus Life Sciences, Inc.). BK Technologies Corp runs the higher net margin — 19.7% vs -73.9%, a 93.5% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 20.0%). BK Technologies Corp produced more free cash flow last quarter ($2.8M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs -21.6%).
BK Technologies Corp designs, manufactures and sells analog and digital two-way radio communications equipment and related accessories. It serves public safety departments, first responders, government agencies and commercial clients primarily across North America, focusing on reliable, mission-critical communication solutions.
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
BKTI vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $13.2M |
| Net Profit | $4.2M | $-9.8M |
| Gross Margin | 50.5% | 86.7% |
| Operating Margin | 19.7% | -24.8% |
| Net Margin | 19.7% | -73.9% |
| Revenue YoY | 20.0% | 59.8% |
| Net Profit YoY | 15.6% | 3.5% |
| EPS (diluted) | $1.06 | $-0.22 |
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.
| Q4 25 | $21.5M | $13.2M | ||
| Q3 25 | $24.4M | $11.6M | ||
| Q2 25 | $21.2M | $11.2M | ||
| Q1 25 | $19.1M | $9.2M | ||
| Q4 24 | $17.9M | $8.3M | ||
| Q3 24 | $20.2M | $7.3M | ||
| Q2 24 | $20.3M | $7.4M | ||
| Q1 24 | — | $6.5M |
| Q4 25 | $4.2M | $-9.8M | ||
| Q3 25 | $3.4M | $-10.8M | ||
| Q2 25 | $3.7M | $-8.3M | ||
| Q1 25 | $2.1M | $-10.4M | ||
| Q4 24 | $3.7M | $-10.1M | ||
| Q3 24 | $2.4M | $-2.4M | ||
| Q2 24 | $1.7M | $-4.3M | ||
| Q1 24 | — | $-13.2M |
| Q4 25 | 50.5% | 86.7% | ||
| Q3 25 | 49.9% | 83.5% | ||
| Q2 25 | 47.4% | 83.9% | ||
| Q1 25 | 47.0% | 83.7% | ||
| Q4 24 | 41.2% | 85.3% | ||
| Q3 24 | 38.8% | 86.3% | ||
| Q2 24 | 37.3% | 87.6% | ||
| Q1 24 | — | 85.0% |
| Q4 25 | 19.7% | -24.8% | ||
| Q3 25 | 19.8% | -77.9% | ||
| Q2 25 | 18.9% | -65.4% | ||
| Q1 25 | 15.3% | -79.9% | ||
| Q4 24 | 12.3% | -91.8% | ||
| Q3 24 | 12.9% | -118.9% | ||
| Q2 24 | 10.0% | -111.0% | ||
| Q1 24 | — | -180.8% |
| Q4 25 | 19.7% | -73.9% | ||
| Q3 25 | 14.1% | -93.5% | ||
| Q2 25 | 17.7% | -73.9% | ||
| Q1 25 | 11.2% | -113.2% | ||
| Q4 24 | 20.4% | -122.4% | ||
| Q3 24 | 11.7% | -32.6% | ||
| Q2 24 | 8.2% | -58.8% | ||
| Q1 24 | — | -204.5% |
| Q4 25 | $1.06 | $-0.22 | ||
| Q3 25 | $0.87 | $-0.96 | ||
| Q2 25 | $0.96 | $-0.27 | ||
| Q1 25 | $0.55 | $-0.39 | ||
| Q4 24 | $0.96 | $-0.38 | ||
| Q3 24 | $0.63 | $-0.12 | ||
| Q2 24 | $0.47 | $-0.21 | ||
| Q1 24 | — | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.8M | $20.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.7M | $-33.9M |
| Total Assets | $63.8M | $35.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.8M | $20.4M | ||
| Q3 25 | $21.5M | $22.7M | ||
| Q2 25 | $11.9M | $26.5M | ||
| Q1 25 | $8.9M | $13.0M | ||
| Q4 24 | $7.1M | $8.5M | ||
| Q3 24 | $4.2M | $11.3M | ||
| Q2 24 | $3.0M | $16.5M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | $44.7M | $-33.9M | ||
| Q3 25 | $41.0M | $-26.7M | ||
| Q2 25 | $36.8M | $-19.4M | ||
| Q1 25 | $32.4M | $-34.4M | ||
| Q4 24 | $29.8M | $-25.9M | ||
| Q3 24 | $26.0M | $-20.4M | ||
| Q2 24 | $23.4M | $-25.3M | ||
| Q1 24 | — | $-36.0M |
| Q4 25 | $63.8M | $35.3M | ||
| Q3 25 | $66.9M | $36.5M | ||
| Q2 25 | $60.4M | $41.3M | ||
| Q1 25 | $56.1M | $28.6M | ||
| Q4 24 | $51.5M | $24.0M | ||
| Q3 24 | $46.4M | $27.5M | ||
| Q2 24 | $48.9M | $32.4M | ||
| Q1 24 | — | $17.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0M | $-2.5M |
| Free Cash FlowOCF − Capex | $2.8M | $-2.5M |
| FCF MarginFCF / Revenue | 13.2% | -19.1% |
| Capex IntensityCapex / Revenue | 0.7% | 0.3% |
| Cash ConversionOCF / Net Profit | 0.71× | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.4M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0M | $-2.5M | ||
| Q3 25 | $10.4M | $-3.7M | ||
| Q2 25 | $3.9M | $-7.3M | ||
| Q1 25 | $2.1M | $-4.5M | ||
| Q4 24 | $3.8M | $-5.7M | ||
| Q3 24 | $5.7M | $-10.8M | ||
| Q2 24 | $4.1M | $-13.4M | ||
| Q1 24 | — | $-10.9M |
| Q4 25 | $2.8M | $-2.5M | ||
| Q3 25 | $10.1M | $-3.9M | ||
| Q2 25 | $3.7M | $-7.4M | ||
| Q1 25 | $1.8M | $-5.3M | ||
| Q4 24 | $3.4M | $-5.8M | ||
| Q3 24 | $5.2M | $-11.0M | ||
| Q2 24 | $3.9M | $-13.5M | ||
| Q1 24 | — | $-10.9M |
| Q4 25 | 13.2% | -19.1% | ||
| Q3 25 | 41.3% | -33.9% | ||
| Q2 25 | 17.3% | -66.1% | ||
| Q1 25 | 9.6% | -57.3% | ||
| Q4 24 | 19.2% | -69.7% | ||
| Q3 24 | 25.8% | -149.9% | ||
| Q2 24 | 19.2% | -183.1% | ||
| Q1 24 | — | -169.3% |
| Q4 25 | 0.7% | 0.3% | ||
| Q3 25 | 1.5% | 1.9% | ||
| Q2 25 | 1.2% | 0.8% | ||
| Q1 25 | 1.4% | 8.2% | ||
| Q4 24 | 2.0% | 0.6% | ||
| Q3 24 | 2.2% | 2.3% | ||
| Q2 24 | 1.0% | 0.8% | ||
| Q1 24 | — | 1.0% |
| Q4 25 | 0.71× | — | ||
| Q3 25 | 3.04× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 1.04× | — | ||
| Q3 24 | 2.40× | — | ||
| Q2 24 | 2.46× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
