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Side-by-side financial comparison of BranchOut Food Inc. (BOF) and TON Strategy Co (TONX). Click either name above to swap in a different company.

TON Strategy Co is the larger business by last-quarter revenue ($5.7M vs $4.0M, roughly 1.4× BranchOut Food Inc.). BranchOut Food Inc. runs the higher net margin — -50.6% vs -3968.6%, a 3917.9% gap on every dollar of revenue. On growth, TON Strategy Co posted the faster year-over-year revenue change (694.2% vs 181.9%). BranchOut Food Inc. produced more free cash flow last quarter ($-2.1M vs $-8.0M). Over the past eight quarters, BranchOut Food Inc.'s revenue compounded faster (65.4% CAGR vs 46.1%).

Food Lion is an American regional supermarket chain headquartered in Salisbury, North Carolina, that operates over 1,000 supermarkets in 10 states: Delaware, Georgia, Kentucky, Maryland, North Carolina, South Carolina, Pennsylvania, Tennessee, Virginia, and West Virginia. The chain employs over 82,000 people. It was founded in 1957 as Food Town, a single grocery store in Salisbury. It later expanded to many locations across North Carolina. It was independently operated until it was acquired b...

BOF vs TONX — Head-to-Head

Bigger by revenue
TONX
TONX
1.4× larger
TONX
$5.7M
$4.0M
BOF
Growing faster (revenue YoY)
TONX
TONX
+512.3% gap
TONX
694.2%
181.9%
BOF
Higher net margin
BOF
BOF
3917.9% more per $
BOF
-50.6%
-3968.6%
TONX
More free cash flow
BOF
BOF
$5.9M more FCF
BOF
$-2.1M
$-8.0M
TONX
Faster 2-yr revenue CAGR
BOF
BOF
Annualised
BOF
65.4%
46.1%
TONX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BOF
BOF
TONX
TONX
Revenue
$4.0M
$5.7M
Net Profit
$-2.0M
$-227.9M
Gross Margin
7.6%
64.3%
Operating Margin
-47.6%
-159.2%
Net Margin
-50.6%
-3968.6%
Revenue YoY
181.9%
694.2%
Net Profit YoY
-36.5%
-7047.9%
EPS (diluted)
$-0.15
$-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
BOF
BOF
TONX
TONX
Q4 25
$4.0M
$5.7M
Q3 25
$3.2M
$3.6M
Q2 25
$3.3M
$2.1M
Q1 25
$3.2M
$1.3M
Q4 24
$1.4M
$723.0K
Q3 24
$2.2M
Q2 24
$1.4M
Q1 24
$1.5M
Net Profit
BOF
BOF
TONX
TONX
Q4 25
$-2.0M
$-227.9M
Q3 25
$-1.6M
$84.3M
Q2 25
$-1.6M
$-2.4M
Q1 25
$-918.4K
$-2.6M
Q4 24
$-1.5M
$-3.2M
Q3 24
$-1.3M
Q2 24
$-942.6K
Q1 24
$-1.1M
Gross Margin
BOF
BOF
TONX
TONX
Q4 25
7.6%
64.3%
Q3 25
17.7%
75.4%
Q2 25
18.4%
71.2%
Q1 25
17.3%
73.4%
Q4 24
0.9%
81.5%
Q3 24
15.4%
Q2 24
10.9%
Q1 24
19.3%
Operating Margin
BOF
BOF
TONX
TONX
Q4 25
-47.6%
-159.2%
Q3 25
-44.3%
-601.5%
Q2 25
-40.8%
-138.2%
Q1 25
-21.4%
-203.8%
Q4 24
-80.7%
-513.1%
Q3 24
-41.4%
Q2 24
-60.6%
Q1 24
-69.9%
Net Margin
BOF
BOF
TONX
TONX
Q4 25
-50.6%
-3968.6%
Q3 25
-48.8%
2336.8%
Q2 25
-48.6%
-111.9%
Q1 25
-28.8%
-196.5%
Q4 24
-104.5%
-440.9%
Q3 24
-58.3%
Q2 24
-69.2%
Q1 24
-71.6%
EPS (diluted)
BOF
BOF
TONX
TONX
Q4 25
$-0.15
$-3.89
Q3 25
$-0.14
$2.23
Q2 25
$-0.17
$-1.79
Q1 25
$-0.11
$-2.51
Q4 24
$-0.16
$10.41
Q3 24
$-0.19
Q2 24
$-0.22
Q1 24
$-0.26

Balance Sheet & Financial Strength

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

Metric
BOF
BOF
TONX
TONX
Cash + ST InvestmentsLiquidity on hand
$39.5M
Total DebtLower is stronger
$4.9M
Stockholders' EquityBook value
$5.6M
$406.5M
Total Assets
$14.5M
$411.2M
Debt / EquityLower = less leverage
0.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BOF
BOF
TONX
TONX
Q4 25
$39.5M
Q3 25
$53.9M
Q2 25
$10.4M
Q1 25
$12.2M
Q4 24
$12.5M
Q3 24
Q2 24
Q1 24
Total Debt
BOF
BOF
TONX
TONX
Q4 25
$4.9M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BOF
BOF
TONX
TONX
Q4 25
$5.6M
$406.5M
Q3 25
$5.1M
$639.1M
Q2 25
$3.5M
$19.4M
Q1 25
$3.9M
$14.6M
Q4 24
$2.3M
$16.2M
Q3 24
$1.5M
Q2 24
$2.0M
Q1 24
$1.7M
Total Assets
BOF
BOF
TONX
TONX
Q4 25
$14.5M
$411.2M
Q3 25
$14.7M
$661.9M
Q2 25
$13.2M
$23.7M
Q1 25
$14.1M
$18.4M
Q4 24
$12.9M
$20.6M
Q3 24
$9.6M
Q2 24
$6.7M
Q1 24
$2.7M
Debt / Equity
BOF
BOF
TONX
TONX
Q4 25
0.89×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BOF
BOF
TONX
TONX
Operating Cash FlowLast quarter
$-1.9M
$-8.0M
Free Cash FlowOCF − Capex
$-2.1M
$-8.0M
FCF MarginFCF / Revenue
-52.6%
-139.3%
Capex IntensityCapex / Revenue
4.3%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.7M
$-20.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BOF
BOF
TONX
TONX
Q4 25
$-1.9M
$-8.0M
Q3 25
$-1.1M
$-9.4M
Q2 25
$-2.0M
$-2.3M
Q1 25
$-1.9M
$-1.1M
Q4 24
$-1.6M
$-1.9M
Q3 24
$-1.9M
Q2 24
$-853.9K
Q1 24
$-503.6K
Free Cash Flow
BOF
BOF
TONX
TONX
Q4 25
$-2.1M
$-8.0M
Q3 25
$-1.2M
$-9.4M
Q2 25
$-2.1M
$-2.3M
Q1 25
$-2.3M
$-1.1M
Q4 24
$-2.3M
$-2.0M
Q3 24
$-3.4M
Q2 24
$-1.4M
Q1 24
$-553.6K
FCF Margin
BOF
BOF
TONX
TONX
Q4 25
-52.6%
-139.3%
Q3 25
-37.4%
-261.4%
Q2 25
-64.5%
-107.8%
Q1 25
-72.2%
-87.0%
Q4 24
-163.6%
-279.9%
Q3 24
-157.9%
Q2 24
-101.3%
Q1 24
-37.7%
Capex Intensity
BOF
BOF
TONX
TONX
Q4 25
4.3%
0.1%
Q3 25
2.6%
0.4%
Q2 25
3.4%
0.1%
Q1 25
11.8%
5.1%
Q4 24
51.1%
22.1%
Q3 24
70.8%
Q2 24
38.6%
Q1 24
3.4%
Cash Conversion
BOF
BOF
TONX
TONX
Q4 25
Q3 25
-0.11×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BOF
BOF

Segment breakdown not available.

TONX
TONX

Market Live$4.8M83%
Other$960.0K17%

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