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Side-by-side financial comparison of Bon Natural Life Ltd (BON) and INTELLIGENT PROTECTION MANAGEMENT CORP. (IPM). Click either name above to swap in a different company.

Bon Natural Life Ltd is the larger business by last-quarter revenue ($10.2M vs $6.1M, roughly 1.7× INTELLIGENT PROTECTION MANAGEMENT CORP.).

ABP OPCO, LLC, doing business as Au Bon Pain, is an American fast casual restaurant, bakery, and café chain headquartered in Richardson, Texas, which as of 2025 operated 34 locations in the United States as well as several outlets in Thailand. The company is owned by the Yum! Brands franchisee management company AMPEX Brands.

Intelligent Limited is a Holding Company and Parent company headquartered in Gloucestershire, United Kingdom and was incorporated on 21 May 2008. Intelligent Limited provides a group management structure for four companies and was born out of the operations of International Intelligence Limited, a company specialising in Intelligence, Counter Espionage and TSCM sweeping.

BON vs IPM — Head-to-Head

Bigger by revenue
BON
BON
1.7× larger
BON
$10.2M
$6.1M
IPM

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BON
BON
IPM
IPM
Revenue
$10.2M
$6.1M
Net Profit
$-41.8K
Gross Margin
29.1%
53.1%
Operating Margin
0.8%
-13.4%
Net Margin
-0.4%
Revenue YoY
2091.6%
Net Profit YoY
EPS (diluted)
$-0.05

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
BON
BON
IPM
IPM
Q4 25
$6.1M
Q3 25
$6.2M
Q2 25
$5.7M
Q1 25
$10.2M
$5.5M
Q3 24
$23.8M
Q1 24
$14.1M
Q4 23
$-7.3M
Q3 23
$2.8M
Net Profit
BON
BON
IPM
IPM
Q4 25
Q3 25
$-1.1M
Q2 25
$-1.1M
Q1 25
$-41.8K
$808.5K
Q3 24
$398.2K
Q1 24
Q4 23
Q3 23
$-181.6K
Gross Margin
BON
BON
IPM
IPM
Q4 25
53.1%
Q3 25
50.7%
Q2 25
50.1%
Q1 25
29.1%
55.3%
Q3 24
29.8%
Q1 24
33.3%
Q4 23
Q3 23
70.1%
Operating Margin
BON
BON
IPM
IPM
Q4 25
-13.4%
Q3 25
-23.0%
Q2 25
-19.7%
Q1 25
0.8%
-24.2%
Q3 24
7.9%
Q1 24
21.1%
Q4 23
Q3 23
-14.1%
Net Margin
BON
BON
IPM
IPM
Q4 25
Q3 25
-17.4%
Q2 25
-18.3%
Q1 25
-0.4%
14.7%
Q3 24
1.7%
Q1 24
Q4 23
Q3 23
-6.6%
EPS (diluted)
BON
BON
IPM
IPM
Q4 25
$-0.05
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$0.06
Q3 24
$4.14
Q1 24
Q4 23
$-0.03
Q3 23
$-0.02

Balance Sheet & Financial Strength

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

Metric
BON
BON
IPM
IPM
Cash + ST InvestmentsLiquidity on hand
$5.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.3M
$18.2M
Total Assets
$61.8M
$26.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BON
BON
IPM
IPM
Q4 25
$5.6M
Q3 25
$7.3M
Q2 25
$7.3M
Q1 25
$9.7M
Q3 24
$80.5K
Q1 24
Q4 23
$13.6M
Q3 23
$13.7M
Total Debt
BON
BON
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$1.4M
Q1 24
Q4 23
Q3 23
Stockholders' Equity
BON
BON
IPM
IPM
Q4 25
$18.2M
Q3 25
$18.8M
Q2 25
$19.9M
Q1 25
$44.3M
$21.1M
Q3 24
$43.9M
Q1 24
$36.0M
Q4 23
$20.1M
Q3 23
$20.4M
Total Assets
BON
BON
IPM
IPM
Q4 25
$26.0M
Q3 25
$27.2M
Q2 25
$29.8M
Q1 25
$61.8M
$31.1M
Q3 24
$61.8M
Q1 24
$46.6M
Q4 23
$23.9M
Q3 23
$24.1M
Debt / Equity
BON
BON
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
0.03×
Q1 24
Q4 23
Q3 23

Cash Flow & Capital Efficiency

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

Metric
BON
BON
IPM
IPM
Operating Cash FlowLast quarter
$-1.9M
$87.6K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BON
BON
IPM
IPM
Q4 25
$87.6K
Q3 25
$133.0K
Q2 25
$-888.7K
Q1 25
$-1.9M
$1.7M
Q3 24
$-7.7M
Q1 24
$-2.2M
Q4 23
$-99.0K
Q3 23
$16.1K
Free Cash Flow
BON
BON
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
$-7.7M
Q1 24
$-2.2M
Q4 23
Q3 23
FCF Margin
BON
BON
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
Q3 24
-32.4%
Q1 24
-15.5%
Q4 23
Q3 23
Capex Intensity
BON
BON
IPM
IPM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q3 24
0.0%
Q1 24
0.1%
Q4 23
Q3 23
Cash Conversion
BON
BON
IPM
IPM
Q4 25
Q3 25
Q2 25
Q1 25
2.16×
Q3 24
-19.40×
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

BON
BON

Segment breakdown not available.

IPM
IPM

Procurement Revenue$5.4M88%
Other$743.9K12%

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