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Side-by-side financial comparison of Bon Natural Life Ltd (BON) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $10.2M, roughly 1.8× Bon Natural Life Ltd). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -0.4%, a 4.1% gap on every dollar of revenue.

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.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

BON vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.8× larger
SLP
$18.4M
$10.2M
BON
Higher net margin
SLP
SLP
4.1% more per $
SLP
3.7%
-0.4%
BON

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
BON
BON
SLP
SLP
Revenue
$10.2M
$18.4M
Net Profit
$-41.8K
$676.0K
Gross Margin
29.1%
59.1%
Operating Margin
0.8%
3.9%
Net Margin
-0.4%
3.7%
Revenue YoY
-2.7%
Net Profit YoY
228.2%
EPS (diluted)
$0.03

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
SLP
SLP
Q4 25
$18.4M
Q3 25
$17.5M
Q2 25
$20.4M
Q1 25
$10.2M
$22.4M
Q4 24
$18.9M
Q3 24
$23.8M
$18.7M
Q2 24
$18.5M
Q1 24
$14.1M
$18.3M
Net Profit
BON
BON
SLP
SLP
Q4 25
$676.0K
Q3 25
$-681.0K
Q2 25
$-67.3M
Q1 25
$-41.8K
$3.1M
Q4 24
$206.0K
Q3 24
$398.2K
$843.0K
Q2 24
$3.1M
Q1 24
$4.0M
Gross Margin
BON
BON
SLP
SLP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
29.1%
58.5%
Q4 24
54.0%
Q3 24
29.8%
36.6%
Q2 24
71.5%
Q1 24
33.3%
72.2%
Operating Margin
BON
BON
SLP
SLP
Q4 25
3.9%
Q3 25
3.8%
Q2 25
-364.5%
Q1 25
0.8%
12.1%
Q4 24
0.7%
Q3 24
7.9%
-6.2%
Q2 24
10.1%
Q1 24
21.1%
24.3%
Net Margin
BON
BON
SLP
SLP
Q4 25
3.7%
Q3 25
-3.9%
Q2 25
-330.6%
Q1 25
-0.4%
13.7%
Q4 24
1.1%
Q3 24
1.7%
4.5%
Q2 24
16.9%
Q1 24
22.0%
EPS (diluted)
BON
BON
SLP
SLP
Q4 25
$0.03
Q3 25
$-0.03
Q2 25
$-3.35
Q1 25
$0.15
Q4 24
$0.01
Q3 24
$4.14
$0.04
Q2 24
$0.15
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
BON
BON
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.3M
$127.1M
Total Assets
$61.8M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BON
BON
SLP
SLP
Q4 25
$35.7M
Q3 25
$32.4M
Q2 25
$28.4M
Q1 25
$21.4M
Q4 24
$18.2M
Q3 24
$80.5K
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Total Debt
BON
BON
SLP
SLP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$1.4M
Q2 24
Q1 24
Stockholders' Equity
BON
BON
SLP
SLP
Q4 25
$127.1M
Q3 25
$124.8M
Q2 25
$123.8M
Q1 25
$44.3M
$189.5M
Q4 24
$184.7M
Q3 24
$43.9M
$182.4M
Q2 24
$180.9M
Q1 24
$36.0M
$177.0M
Total Assets
BON
BON
SLP
SLP
Q4 25
$137.8M
Q3 25
$131.9M
Q2 25
$134.4M
Q1 25
$61.8M
$201.4M
Q4 24
$196.9M
Q3 24
$61.8M
$196.6M
Q2 24
$192.7M
Q1 24
$46.6M
$194.0M
Debt / Equity
BON
BON
SLP
SLP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.03×
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
BON
BON
SLP
SLP
Operating Cash FlowLast quarter
$-1.9M
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BON
BON
SLP
SLP
Q4 25
$4.2M
Q3 25
$5.6M
Q2 25
$8.1M
Q1 25
$-1.9M
$5.7M
Q4 24
$-1.3M
Q3 24
$-7.7M
$1.7M
Q2 24
$5.7M
Q1 24
$-2.2M
$5.8M
Free Cash Flow
BON
BON
SLP
SLP
Q4 25
Q3 25
$5.3M
Q2 25
$7.8M
Q1 25
$5.6M
Q4 24
$-1.4M
Q3 24
$-7.7M
$1.6M
Q2 24
$5.6M
Q1 24
$-2.2M
$5.4M
FCF Margin
BON
BON
SLP
SLP
Q4 25
Q3 25
30.5%
Q2 25
38.5%
Q1 25
25.0%
Q4 24
-7.2%
Q3 24
-32.4%
8.8%
Q2 24
30.0%
Q1 24
-15.5%
29.4%
Capex Intensity
BON
BON
SLP
SLP
Q4 25
0.0%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.0%
0.1%
Q2 24
0.6%
Q1 24
0.1%
2.4%
Cash Conversion
BON
BON
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
-19.40×
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BON
BON

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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