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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and DIGI INTERNATIONAL INC (DGII). Click either name above to swap in a different company.

DIGI INTERNATIONAL INC is the larger business by last-quarter revenue ($122.5M vs $71.0M, roughly 1.7× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs 9.6%, a 1.4% gap on every dollar of revenue. On growth, DIGI INTERNATIONAL INC posted the faster year-over-year revenue change (17.9% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

Digi International, Inc. is an American Industrial Internet of Things (IIoT) technology company based in Hopkins, Minnesota. Founded in 1985, they were best known in the early 1990s as a manufacturer of multi-line serial data serial cards for PC clones, allowing these machines to run multi-line bulletin board systems (BBSes). As this market began to wind down with the rise of the internet in the late 1990s, Digi began to concentrate on network attached devices and industrial monitoring.

CHR vs DGII — Head-to-Head

Bigger by revenue
DGII
DGII
1.7× larger
DGII
$122.5M
$71.0M
CHR
Growing faster (revenue YoY)
DGII
DGII
+18.0% gap
DGII
17.9%
-0.1%
CHR
Higher net margin
CHR
CHR
1.4% more per $
CHR
10.9%
9.6%
DGII

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
CHR
CHR
DGII
DGII
Revenue
$71.0M
$122.5M
Net Profit
$7.8M
$11.7M
Gross Margin
70.7%
62.4%
Operating Margin
11.7%
13.3%
Net Margin
10.9%
9.6%
Revenue YoY
-0.1%
17.9%
Net Profit YoY
-37.5%
16.1%
EPS (diluted)
$0.67
$0.31

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
CHR
CHR
DGII
DGII
Q4 25
$122.5M
Q3 25
$114.3M
Q2 25
$71.0M
$107.5M
Q1 25
$104.5M
Q4 24
$103.9M
Q3 24
$105.1M
Q2 24
$71.1M
$105.2M
Q1 24
$107.7M
Net Profit
CHR
CHR
DGII
DGII
Q4 25
$11.7M
Q3 25
$10.0M
Q2 25
$7.8M
$10.2M
Q1 25
$10.5M
Q4 24
$10.1M
Q3 24
$11.9M
Q2 24
$12.4M
$9.7M
Q1 24
$4.0M
Gross Margin
CHR
CHR
DGII
DGII
Q4 25
62.4%
Q3 25
63.9%
Q2 25
70.7%
63.5%
Q1 25
62.1%
Q4 24
62.0%
Q3 24
61.1%
Q2 24
73.4%
59.2%
Q1 24
57.9%
Operating Margin
CHR
CHR
DGII
DGII
Q4 25
13.3%
Q3 25
12.5%
Q2 25
11.7%
13.9%
Q1 25
13.1%
Q4 24
12.9%
Q3 24
14.2%
Q2 24
16.4%
12.3%
Q1 24
7.6%
Net Margin
CHR
CHR
DGII
DGII
Q4 25
9.6%
Q3 25
8.7%
Q2 25
10.9%
9.5%
Q1 25
10.0%
Q4 24
9.7%
Q3 24
11.3%
Q2 24
17.5%
9.2%
Q1 24
3.7%
EPS (diluted)
CHR
CHR
DGII
DGII
Q4 25
$0.31
Q3 25
$0.26
Q2 25
$0.67
$0.27
Q1 25
$0.28
Q4 24
$0.27
Q3 24
$0.32
Q2 24
$1.23
$0.26
Q1 24
$0.11

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
DGII
DGII
Cash + ST InvestmentsLiquidity on hand
$30.9M
Total DebtLower is stronger
$135.0M
Stockholders' EquityBook value
$322.1M
$649.2M
Total Assets
$362.7M
$918.4M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
DGII
DGII
Q4 25
$30.9M
Q3 25
$21.9M
Q2 25
$20.1M
Q1 25
$26.3M
Q4 24
$25.9M
Q3 24
$27.5M
Q2 24
$186.1M
$28.3M
Q1 24
$23.8M
Total Debt
CHR
CHR
DGII
DGII
Q4 25
$135.0M
Q3 25
$159.2M
Q2 25
$40.1M
Q1 25
$70.0M
Q4 24
$95.0M
Q3 24
$123.2M
Q2 24
$151.6M
Q1 24
$171.8M
Stockholders' Equity
CHR
CHR
DGII
DGII
Q4 25
$649.2M
Q3 25
$636.1M
Q2 25
$322.1M
$621.5M
Q1 25
$605.2M
Q4 24
$590.7M
Q3 24
$581.0M
Q2 24
$286.1M
$563.1M
Q1 24
$549.6M
Total Assets
CHR
CHR
DGII
DGII
Q4 25
$918.4M
Q3 25
$922.6M
Q2 25
$362.7M
$770.3M
Q1 25
$781.0M
Q4 24
$796.1M
Q3 24
$815.1M
Q2 24
$333.2M
$820.4M
Q1 24
$825.3M
Debt / Equity
CHR
CHR
DGII
DGII
Q4 25
0.21×
Q3 25
0.25×
Q2 25
0.06×
Q1 25
0.12×
Q4 24
0.16×
Q3 24
0.21×
Q2 24
0.27×
Q1 24
0.31×

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
DGII
DGII
Operating Cash FlowLast quarter
$3.9M
$35.6M
Free Cash FlowOCF − Capex
$35.2M
FCF MarginFCF / Revenue
28.7%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
0.51×
3.04×
TTM Free Cash FlowTrailing 4 quarters
$111.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
DGII
DGII
Q4 25
$35.6M
Q3 25
$28.0M
Q2 25
$3.9M
$24.0M
Q1 25
$26.3M
Q4 24
$29.7M
Q3 24
$26.4M
Q2 24
$-6.7M
$24.9M
Q1 24
$13.1M
Free Cash Flow
CHR
CHR
DGII
DGII
Q4 25
$35.2M
Q3 25
$27.5M
Q2 25
$22.9M
Q1 25
$25.7M
Q4 24
$29.1M
Q3 24
$25.5M
Q2 24
$24.5M
Q1 24
$12.5M
FCF Margin
CHR
CHR
DGII
DGII
Q4 25
28.7%
Q3 25
24.1%
Q2 25
21.3%
Q1 25
24.6%
Q4 24
28.1%
Q3 24
24.3%
Q2 24
23.2%
Q1 24
11.6%
Capex Intensity
CHR
CHR
DGII
DGII
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.9%
Q1 25
0.5%
Q4 24
0.6%
Q3 24
0.9%
Q2 24
0.5%
Q1 24
0.5%
Cash Conversion
CHR
CHR
DGII
DGII
Q4 25
3.04×
Q3 25
2.81×
Q2 25
0.51×
2.34×
Q1 25
2.50×
Q4 24
2.95×
Q3 24
2.23×
Q2 24
-0.54×
2.57×
Q1 24
3.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

DGII
DGII

Io T Productsand Services$86.4M71%
Io T Solutions$36.1M29%

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