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Side-by-side financial comparison of CEMTREX INC (CETX) and electroCore, Inc. (ECOR). Click either name above to swap in a different company.

CEMTREX INC is the larger business by last-quarter revenue ($16.1M vs $9.2M, roughly 1.7× electroCore, Inc.). electroCore, Inc. runs the higher net margin — -32.8% vs -127.4%, a 94.6% gap on every dollar of revenue. On growth, electroCore, Inc. posted the faster year-over-year revenue change (31.2% vs 17.4%). Over the past eight quarters, electroCore, Inc.'s revenue compounded faster (30.3% CAGR vs -3.0%).

Cemtrex Inc is a diversified industrial technology firm developing IoT-enabled industrial automation solutions, environmental monitoring systems, and digital workplace tools. Its core clients are from manufacturing, industrial and commercial sectors, mainly in North America and European markets.

electroCore, Inc. is a medical technology company based in Basking Ridge, New Jersey. electroCore was co-founded in 2005 by JP Errico, Thomas J. Errico, MD, Charles Theofilos, MD, and Peter Staats, MD. The current chief executive officer is Daniel S. Goldberger. electroCore has one product called gammaCore, a non-invasive, commercially available product that uses vagus nerve stimulation.

CETX vs ECOR — Head-to-Head

Bigger by revenue
CETX
CETX
1.7× larger
CETX
$16.1M
$9.2M
ECOR
Growing faster (revenue YoY)
ECOR
ECOR
+13.8% gap
ECOR
31.2%
17.4%
CETX
Higher net margin
ECOR
ECOR
94.6% more per $
ECOR
-32.8%
-127.4%
CETX
Faster 2-yr revenue CAGR
ECOR
ECOR
Annualised
ECOR
30.3%
-3.0%
CETX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CETX
CETX
ECOR
ECOR
Revenue
$16.1M
$9.2M
Net Profit
$-20.6M
$-3.0M
Gross Margin
34.8%
88.4%
Operating Margin
-17.4%
-31.8%
Net Margin
-127.4%
-32.8%
Revenue YoY
17.4%
31.2%
Net Profit YoY
28.5%
6.0%
EPS (diluted)
$-0.34

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
CETX
CETX
ECOR
ECOR
Q4 25
$16.1M
$9.2M
Q3 25
$18.5M
$8.7M
Q2 25
$17.0M
$7.4M
Q1 25
$27.3M
$6.7M
Q4 24
$13.7M
$7.0M
Q3 24
$18.1M
$6.6M
Q2 24
$14.7M
$6.1M
Q1 24
$17.2M
$5.4M
Net Profit
CETX
CETX
ECOR
ECOR
Q4 25
$-20.6M
$-3.0M
Q3 25
$-3.4M
$-3.4M
Q2 25
$-4.5M
$-3.7M
Q1 25
$8.4M
$-3.9M
Q4 24
$-28.8M
$-3.2M
Q3 24
$4.4M
$-2.5M
Q2 24
$-9.0M
$-2.7M
Q1 24
$-1.5M
$-3.5M
Gross Margin
CETX
CETX
ECOR
ECOR
Q4 25
34.8%
88.4%
Q3 25
38.0%
86.0%
Q2 25
43.4%
87.3%
Q1 25
44.6%
84.9%
Q4 24
41.5%
85.9%
Q3 24
41.8%
83.8%
Q2 24
40.0%
86.3%
Q1 24
40.4%
83.7%
Operating Margin
CETX
CETX
ECOR
ECOR
Q4 25
-17.4%
-31.8%
Q3 25
-6.4%
-33.2%
Q2 25
-3.8%
-47.5%
Q1 25
16.9%
-56.9%
Q4 24
-16.6%
-43.6%
Q3 24
-1.8%
-40.4%
Q2 24
-21.6%
-42.2%
Q1 24
-6.0%
-70.7%
Net Margin
CETX
CETX
ECOR
ECOR
Q4 25
-127.4%
-32.8%
Q3 25
-18.1%
-39.2%
Q2 25
-26.8%
-49.7%
Q1 25
30.8%
-57.4%
Q4 24
-209.3%
-45.8%
Q3 24
24.1%
-38.1%
Q2 24
-61.2%
-43.2%
Q1 24
-8.6%
-64.4%
EPS (diluted)
CETX
CETX
ECOR
ECOR
Q4 25
$-0.34
Q3 25
$-0.40
Q2 25
$-0.44
Q1 25
$-0.47
Q4 24
$-0.37
Q3 24
$-0.31
Q2 24
$-0.38
Q1 24
$-0.53

Balance Sheet & Financial Strength

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

Metric
CETX
CETX
ECOR
ECOR
Cash + ST InvestmentsLiquidity on hand
$20.5M
$11.6M
Total DebtLower is stronger
$12.8M
$7.8M
Stockholders' EquityBook value
$29.1M
$-1.7M
Total Assets
$60.3M
$18.7M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CETX
CETX
ECOR
ECOR
Q4 25
$20.5M
$11.6M
Q3 25
$5.0M
$13.0M
Q2 25
$7.0M
$7.1M
Q1 25
$4.5M
$7.8M
Q4 24
$4.2M
$12.2M
Q3 24
$3.9M
$12.9M
Q2 24
$6.5M
$14.2M
Q1 24
$2.9M
$7.8M
Total Debt
CETX
CETX
ECOR
ECOR
Q4 25
$12.8M
$7.8M
Q3 25
$13.5M
$7.8M
Q2 25
$18.3M
Q1 25
$18.9M
Q4 24
$18.7M
Q3 24
$18.0M
Q2 24
Q1 24
$21.6M
Stockholders' Equity
CETX
CETX
ECOR
ECOR
Q4 25
$29.1M
$-1.7M
Q3 25
$8.7M
$-1.1M
Q2 25
$3.6M
$1.1M
Q1 25
$6.4M
$4.4M
Q4 24
$-1.6M
$7.5M
Q3 24
$4.7M
$9.5M
Q2 24
$48.0K
$11.5M
Q1 24
$4.7M
$4.5M
Total Assets
CETX
CETX
ECOR
ECOR
Q4 25
$60.3M
$18.7M
Q3 25
$47.8M
$21.4M
Q2 25
$47.0M
$14.6M
Q1 25
$46.2M
$16.0M
Q4 24
$46.7M
$20.5M
Q3 24
$44.1M
$21.0M
Q2 24
$43.8M
$22.4M
Q1 24
$47.2M
$13.9M
Debt / Equity
CETX
CETX
ECOR
ECOR
Q4 25
0.44×
Q3 25
1.55×
Q2 25
5.07×
Q1 25
2.94×
Q4 24
Q3 24
3.82×
Q2 24
Q1 24
4.60×

Cash Flow & Capital Efficiency

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

Metric
CETX
CETX
ECOR
ECOR
Operating Cash FlowLast quarter
$-891.9K
$-1.5M
Free Cash FlowOCF − Capex
$-1.1M
FCF MarginFCF / Revenue
-6.7%
Capex IntensityCapex / Revenue
1.1%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-721.5K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CETX
CETX
ECOR
ECOR
Q4 25
$-891.9K
$-1.5M
Q3 25
$-3.3M
$-1.7M
Q2 25
$1.8M
$-623.0K
Q1 25
$2.8M
$-4.4M
Q4 24
$-1.2M
$-1.3M
Q3 24
$-1.9M
$-1.4M
Q2 24
$675.8K
$-1.8M
Q1 24
$386.8K
$-2.6M
Free Cash Flow
CETX
CETX
ECOR
ECOR
Q4 25
$-1.1M
Q3 25
$-3.7M
$-1.7M
Q2 25
$1.7M
$-648.0K
Q1 25
$2.4M
$-4.4M
Q4 24
$-2.1M
Q3 24
$-2.7M
Q2 24
$601.7K
Q1 24
$322.2K
FCF Margin
CETX
CETX
ECOR
ECOR
Q4 25
-6.7%
Q3 25
-20.2%
-19.3%
Q2 25
10.2%
-8.8%
Q1 25
8.7%
-65.4%
Q4 24
-15.5%
Q3 24
-15.1%
Q2 24
4.1%
Q1 24
1.9%
Capex Intensity
CETX
CETX
ECOR
ECOR
Q4 25
1.1%
0.0%
Q3 25
2.7%
0.0%
Q2 25
0.4%
0.3%
Q1 25
1.6%
0.6%
Q4 24
6.7%
Q3 24
4.8%
Q2 24
0.5%
Q1 24
0.4%
Cash Conversion
CETX
CETX
ECOR
ECOR
Q4 25
Q3 25
Q2 25
Q1 25
0.33×
Q4 24
Q3 24
-0.43×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CETX
CETX

Industrial Services$10.6M66%
Security$5.5M34%

ECOR
ECOR

Segment breakdown not available.

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