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Side-by-side financial comparison of CEMTREX INC (CETX) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $16.1M, roughly 1.2× CEMTREX INC). Americas Gold & Silver Corp runs the higher net margin — -82.3% vs -127.4%, a 45.1% gap on every dollar of revenue. On growth, CEMTREX INC posted the faster year-over-year revenue change (17.4% vs -28.0%). CEMTREX INC produced more free cash flow last quarter ($-1.1M vs $-41.3M).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

CETX vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.2× larger
USAS
$19.1M
$16.1M
CETX
Growing faster (revenue YoY)
CETX
CETX
+45.5% gap
CETX
17.4%
-28.0%
USAS
Higher net margin
USAS
USAS
45.1% more per $
USAS
-82.3%
-127.4%
CETX
More free cash flow
CETX
CETX
$40.2M more FCF
CETX
$-1.1M
$-41.3M
USAS

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
CETX
CETX
USAS
USAS
Revenue
$16.1M
$19.1M
Net Profit
$-20.6M
$-15.7M
Gross Margin
34.8%
34.2%
Operating Margin
-17.4%
Net Margin
-127.4%
-82.3%
Revenue YoY
17.4%
-28.0%
Net Profit YoY
28.5%
2.8%
EPS (diluted)

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
USAS
USAS
Q4 25
$16.1M
Q3 25
$18.5M
$19.1M
Q2 25
$17.0M
Q1 25
$27.3M
Q4 24
$13.7M
Q3 24
$18.1M
$26.5M
Q2 24
$14.7M
Q1 24
$17.2M
Net Profit
CETX
CETX
USAS
USAS
Q4 25
$-20.6M
Q3 25
$-3.4M
$-15.7M
Q2 25
$-4.5M
Q1 25
$8.4M
Q4 24
$-28.8M
Q3 24
$4.4M
$-16.2M
Q2 24
$-9.0M
Q1 24
$-1.5M
Gross Margin
CETX
CETX
USAS
USAS
Q4 25
34.8%
Q3 25
38.0%
34.2%
Q2 25
43.4%
Q1 25
44.6%
Q4 24
41.5%
Q3 24
41.8%
23.6%
Q2 24
40.0%
Q1 24
40.4%
Operating Margin
CETX
CETX
USAS
USAS
Q4 25
-17.4%
Q3 25
-6.4%
Q2 25
-3.8%
Q1 25
16.9%
Q4 24
-16.6%
Q3 24
-1.8%
Q2 24
-21.6%
Q1 24
-6.0%
Net Margin
CETX
CETX
USAS
USAS
Q4 25
-127.4%
Q3 25
-18.1%
-82.3%
Q2 25
-26.8%
Q1 25
30.8%
Q4 24
-209.3%
Q3 24
24.1%
-60.9%
Q2 24
-61.2%
Q1 24
-8.6%

Balance Sheet & Financial Strength

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

Metric
CETX
CETX
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$20.5M
$39.1M
Total DebtLower is stronger
$12.8M
Stockholders' EquityBook value
$29.1M
$50.2M
Total Assets
$60.3M
$234.7M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CETX
CETX
USAS
USAS
Q4 25
$20.5M
Q3 25
$5.0M
$39.1M
Q2 25
$7.0M
Q1 25
$4.5M
Q4 24
$4.2M
Q3 24
$3.9M
Q2 24
$6.5M
Q1 24
$2.9M
Total Debt
CETX
CETX
USAS
USAS
Q4 25
$12.8M
Q3 25
$13.5M
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
USAS
USAS
Q4 25
$29.1M
Q3 25
$8.7M
$50.2M
Q2 25
$3.6M
Q1 25
$6.4M
Q4 24
$-1.6M
Q3 24
$4.7M
$53.1M
Q2 24
$48.0K
Q1 24
$4.7M
Total Assets
CETX
CETX
USAS
USAS
Q4 25
$60.3M
Q3 25
$47.8M
$234.7M
Q2 25
$47.0M
Q1 25
$46.2M
Q4 24
$46.7M
Q3 24
$44.1M
Q2 24
$43.8M
Q1 24
$47.2M
Debt / Equity
CETX
CETX
USAS
USAS
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
USAS
USAS
Operating Cash FlowLast quarter
$-891.9K
$-12.5M
Free Cash FlowOCF − Capex
$-1.1M
$-41.3M
FCF MarginFCF / Revenue
-6.7%
-216.5%
Capex IntensityCapex / Revenue
1.1%
150.8%
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
USAS
USAS
Q4 25
$-891.9K
Q3 25
$-3.3M
$-12.5M
Q2 25
$1.8M
Q1 25
$2.8M
Q4 24
$-1.2M
Q3 24
$-1.9M
$2.4M
Q2 24
$675.8K
Q1 24
$386.8K
Free Cash Flow
CETX
CETX
USAS
USAS
Q4 25
$-1.1M
Q3 25
$-3.7M
$-41.3M
Q2 25
$1.7M
Q1 25
$2.4M
Q4 24
$-2.1M
Q3 24
$-2.7M
$-11.2M
Q2 24
$601.7K
Q1 24
$322.2K
FCF Margin
CETX
CETX
USAS
USAS
Q4 25
-6.7%
Q3 25
-20.2%
-216.5%
Q2 25
10.2%
Q1 25
8.7%
Q4 24
-15.5%
Q3 24
-15.1%
-42.2%
Q2 24
4.1%
Q1 24
1.9%
Capex Intensity
CETX
CETX
USAS
USAS
Q4 25
1.1%
Q3 25
2.7%
150.8%
Q2 25
0.4%
Q1 25
1.6%
Q4 24
6.7%
Q3 24
4.8%
51.2%
Q2 24
0.5%
Q1 24
0.4%
Cash Conversion
CETX
CETX
USAS
USAS
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%

USAS
USAS

Segment breakdown not available.

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