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Side-by-side financial comparison of CEA Industries Inc. (BNC) and CALAVO GROWERS INC (CVGW). Click either name above to swap in a different company.

CALAVO GROWERS INC is the larger business by last-quarter revenue ($124.7M vs $7.1M, roughly 17.5× CEA Industries Inc.). CEA Industries Inc. runs the higher net margin — 3970.6% vs 3.1%, a 3967.6% gap on every dollar of revenue. On growth, CEA Industries Inc. posted the faster year-over-year revenue change (1727.8% vs -26.6%). Over the past eight quarters, CEA Industries Inc.'s revenue compounded faster (159.1% CAGR vs -1.2%).

CEA Technologies is an Australian government business enterprise that primarily supplies the Royal Australian Navy. The company was established in 1983. Its phase array radars, which are fitted to the Royal Australian Navy's fleet of warships, are regarded by Australians as the best in the world.

Calavo Growers, Inc. is an international consumer goods and farm products company. It packages, and distributes avocados and other fruits, as well as their fresh prepared food to restaurants, stores, and individual customers worldwide.

BNC vs CVGW — Head-to-Head

Bigger by revenue
CVGW
CVGW
17.5× larger
CVGW
$124.7M
$7.1M
BNC
Growing faster (revenue YoY)
BNC
BNC
+1754.5% gap
BNC
1727.8%
-26.6%
CVGW
Higher net margin
BNC
BNC
3967.6% more per $
BNC
3970.6%
3.1%
CVGW
Faster 2-yr revenue CAGR
BNC
BNC
Annualised
BNC
159.1%
-1.2%
CVGW

Income Statement — Q2 2026 vs Q4 2025

Metric
BNC
BNC
CVGW
CVGW
Revenue
$7.1M
$124.7M
Net Profit
$283.6M
$3.8M
Gross Margin
29.3%
9.3%
Operating Margin
-1.4%
Net Margin
3970.6%
3.1%
Revenue YoY
1727.8%
-26.6%
Net Profit YoY
38409.2%
2846.0%
EPS (diluted)
$5.36
$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.

Revenue
BNC
BNC
CVGW
CVGW
Q4 25
$7.1M
$124.7M
Q3 25
$4.6M
$178.8M
Q2 25
$190.5M
Q1 25
$713.5K
$154.4M
Q4 24
$170.0M
Q3 24
$390.8K
$179.6M
Q2 24
$1.8M
$184.4M
Q1 24
$234.5K
$127.6M
Net Profit
BNC
BNC
CVGW
CVGW
Q4 25
$283.6M
$3.8M
Q3 25
$-5.8M
$4.7M
Q2 25
$6.8M
Q1 25
$-1.1M
$4.4M
Q4 24
$-139.0K
Q3 24
$-740.4K
$-732.0K
Q2 24
$-470.3K
$6.1M
Q1 24
$-916.6K
$-6.3M
Gross Margin
BNC
BNC
CVGW
CVGW
Q4 25
29.3%
9.3%
Q3 25
30.0%
10.2%
Q2 25
9.5%
Q1 25
5.5%
10.2%
Q4 24
9.7%
Q3 24
-18.0%
11.2%
Q2 24
10.2%
11.1%
Q1 24
-65.8%
8.4%
Operating Margin
BNC
BNC
CVGW
CVGW
Q4 25
-1.4%
Q3 25
-123.2%
4.8%
Q2 25
4.0%
Q1 25
-150.5%
3.3%
Q4 24
1.8%
Q3 24
-191.1%
5.2%
Q2 24
-27.1%
4.0%
Q1 24
-393.9%
-2.4%
Net Margin
BNC
BNC
CVGW
CVGW
Q4 25
3970.6%
3.1%
Q3 25
-127.7%
2.6%
Q2 25
3.6%
Q1 25
-149.8%
2.9%
Q4 24
-0.1%
Q3 24
-189.5%
-0.4%
Q2 24
-26.7%
3.3%
Q1 24
-390.9%
-4.9%
EPS (diluted)
BNC
BNC
CVGW
CVGW
Q4 25
$5.36
$0.22
Q3 25
$-6.94
$0.26
Q2 25
$0.38
Q1 25
$-1.33
$0.25
Q4 24
$-0.01
Q3 24
$-0.94
$-0.04
Q2 24
$-0.66
$0.34
Q1 24
$-1.34
$-0.35

Balance Sheet & Financial Strength

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

Metric
BNC
BNC
CVGW
CVGW
Cash + ST InvestmentsLiquidity on hand
$32.5M
$61.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$484.9M
$206.9M
Total Assets
$616.5M
$292.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNC
BNC
CVGW
CVGW
Q4 25
$32.5M
$61.2M
Q3 25
$3.0M
$63.8M
Q2 25
$60.4M
Q1 25
$8.7M
$48.5M
Q4 24
$57.0M
Q3 24
$10.3M
$1.1M
Q2 24
$11.3M
$4.3M
Q1 24
$11.6M
$5.7M
Stockholders' Equity
BNC
BNC
CVGW
CVGW
Q4 25
$484.9M
$206.9M
Q3 25
$6.9M
$206.4M
Q2 25
$206.6M
Q1 25
$8.2M
$202.9M
Q4 24
$200.3M
Q3 24
$10.2M
$205.2M
Q2 24
$10.9M
$207.3M
Q1 24
$11.4M
$202.5M
Total Assets
BNC
BNC
CVGW
CVGW
Q4 25
$616.5M
$292.2M
Q3 25
$19.1M
$301.2M
Q2 25
$321.5M
Q1 25
$9.4M
$298.9M
Q4 24
$301.1M
Q3 24
$11.3M
$382.4M
Q2 24
$12.6M
$411.4M
Q1 24
$12.7M
$394.7M

Cash Flow & Capital Efficiency

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

Metric
BNC
BNC
CVGW
CVGW
Operating Cash FlowLast quarter
$2.3M
Free Cash FlowOCF − Capex
$1.2M
FCF MarginFCF / Revenue
1.0%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
0.60×
TTM Free Cash FlowTrailing 4 quarters
$19.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNC
BNC
CVGW
CVGW
Q4 25
$2.3M
Q3 25
$-1.7M
$8.0M
Q2 25
$15.7M
Q1 25
$-745.5K
$-4.4M
Q4 24
$10.8M
Q3 24
$-1.0M
$11.4M
Q2 24
$-273.4K
$2.1M
Q1 24
$-909.4K
$58.0K
Free Cash Flow
BNC
BNC
CVGW
CVGW
Q4 25
$1.2M
Q3 25
$7.3M
Q2 25
$15.6M
Q1 25
$-4.7M
Q4 24
$10.5M
Q3 24
$11.3M
Q2 24
$745.0K
Q1 24
$-972.0K
FCF Margin
BNC
BNC
CVGW
CVGW
Q4 25
1.0%
Q3 25
4.1%
Q2 25
8.2%
Q1 25
-3.1%
Q4 24
6.2%
Q3 24
6.3%
Q2 24
0.4%
Q1 24
-0.8%
Capex Intensity
BNC
BNC
CVGW
CVGW
Q4 25
0.9%
Q3 25
0.4%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
BNC
BNC
CVGW
CVGW
Q4 25
0.60×
Q3 25
1.69×
Q2 25
2.29×
Q1 25
-1.00×
Q4 24
Q3 24
Q2 24
0.35×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BNC
BNC

Segment breakdown not available.

CVGW
CVGW

Fresh Products$104.7M84%
Segment Prepared$14.5M12%
Tomatoes$4.6M4%

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