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Side-by-side financial comparison of BIT ORIGIN Ltd (BTOG) and TDH Holdings, Inc. (PETZ). Click either name above to swap in a different company.
BIT ORIGIN Ltd is the larger business by last-quarter revenue ($2.9M vs $1.5M, roughly 2.0× TDH Holdings, Inc.). TDH Holdings, Inc. runs the higher net margin — -90.1% vs -244.4%, a 154.2% gap on every dollar of revenue.
Origin Systems, Inc. was an American video game developer based in Austin, Texas. It was founded on March 3, 1983, by Richard Garriott and his brother Robert. Origin is best known for their groundbreaking work in multiple genres of video games, such as the Ultima and Wing Commander series. The company was purchased by Electronic Arts in 1992.
TDH Holdings, Inc. is a pet product enterprise that develops, manufactures and distributes a comprehensive portfolio of pet food, nutritional treats, and daily pet supplies for dogs and cats. Its primary market is mainland China, catering to both online e-commerce and offline physical retail customer segments.
BTOG vs PETZ — Head-to-Head
Income Statement — Q2 FY2024 vs Q2 FY2023
| Metric | | |
|---|---|---|
| Revenue | $2.9M | $1.5M |
| Net Profit | $-7.1M | $-1.3M |
| Gross Margin | — | 27.5% |
| Operating Margin | -233.8% | -149.8% |
| Net Margin | -244.4% | -90.1% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-1.99 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $6.9M | $31.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $9.0M | $21.2M |
| Total Assets | $13.5M | $36.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 23 | $6.9M | — | ||
| Q2 23 | — | $31.8M |
| Q4 23 | $9.0M | — | ||
| Q2 23 | — | $21.2M |
| Q4 23 | $13.5M | — | ||
| Q2 23 | — | $36.5M |
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 | $-4.6M | $-581.1K |
| 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.
| Q4 23 | $-4.6M | — | ||
| Q2 23 | — | $-581.1K |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
