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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and DIAMOND HILL INVESTMENT GROUP INC (DHIL). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $36.6M, roughly 1.9× DIAMOND HILL INVESTMENT GROUP INC). DIAMOND HILL INVESTMENT GROUP INC runs the higher net margin — 25.3% vs 10.9%, a 14.4% gap on every dollar of revenue. On growth, Cheer Holding, Inc. posted the faster year-over-year revenue change (-0.1% vs -6.6%).

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.

Diamond Baseball Holdings (DBH) is an American sports ownership and management group that operates over 40 Minor League Baseball (MiLB) teams in the United States and Canada. DBH was established in 2021 by media conglomerate Endeavor and is a subsidiary of the investment firm Silver Lake.

CHR vs DHIL — Head-to-Head

Bigger by revenue
CHR
CHR
1.9× larger
CHR
$71.0M
$36.6M
DHIL
Growing faster (revenue YoY)
CHR
CHR
+6.5% gap
CHR
-0.1%
-6.6%
DHIL
Higher net margin
DHIL
DHIL
14.4% more per $
DHIL
25.3%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
DHIL
DHIL
Revenue
$71.0M
$36.6M
Net Profit
$7.8M
$9.3M
Gross Margin
70.7%
Operating Margin
11.7%
16.9%
Net Margin
10.9%
25.3%
Revenue YoY
-0.1%
-6.6%
Net Profit YoY
-37.5%
25.3%
EPS (diluted)
$0.67
$3.42

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
DHIL
DHIL
Q4 25
$36.6M
Q3 25
$37.4M
Q2 25
$71.0M
$36.0M
Q1 25
$37.1M
Q4 24
$39.1M
Q3 24
$39.0M
Q2 24
$71.1M
$36.7M
Q1 24
$36.3M
Net Profit
CHR
CHR
DHIL
DHIL
Q4 25
$9.3M
Q3 25
$13.6M
Q2 25
$7.8M
$15.6M
Q1 25
$10.4M
Q4 24
$7.4M
Q3 24
$14.6M
Q2 24
$12.4M
$8.1M
Q1 24
$13.0M
Gross Margin
CHR
CHR
DHIL
DHIL
Q4 25
Q3 25
Q2 25
70.7%
Q1 25
Q4 24
Q3 24
Q2 24
73.4%
Q1 24
Operating Margin
CHR
CHR
DHIL
DHIL
Q4 25
16.9%
Q3 25
26.0%
Q2 25
11.7%
21.6%
Q1 25
35.2%
Q4 24
33.8%
Q3 24
26.2%
Q2 24
16.4%
33.1%
Q1 24
22.9%
Net Margin
CHR
CHR
DHIL
DHIL
Q4 25
25.3%
Q3 25
36.2%
Q2 25
10.9%
43.2%
Q1 25
27.9%
Q4 24
18.9%
Q3 24
37.5%
Q2 24
17.5%
22.2%
Q1 24
35.9%
EPS (diluted)
CHR
CHR
DHIL
DHIL
Q4 25
$3.42
Q3 25
$4.99
Q2 25
$0.67
$5.73
Q1 25
$3.77
Q4 24
$2.76
Q3 24
$5.35
Q2 24
$1.23
$2.93
Q1 24
$4.62

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
DHIL
DHIL
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$322.1M
$176.4M
Total Assets
$362.7M
$260.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
DHIL
DHIL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$41.6M
Q3 24
Q2 24
$186.1M
Q1 24
Stockholders' Equity
CHR
CHR
DHIL
DHIL
Q4 25
$176.4M
Q3 25
$180.9M
Q2 25
$322.1M
$171.6M
Q1 25
$168.6M
Q4 24
$162.3M
Q3 24
$166.5M
Q2 24
$286.1M
$156.5M
Q1 24
$158.3M
Total Assets
CHR
CHR
DHIL
DHIL
Q4 25
$260.4M
Q3 25
$256.3M
Q2 25
$362.7M
$261.0M
Q1 25
$224.4M
Q4 24
$245.1M
Q3 24
$240.8M
Q2 24
$333.2M
$213.1M
Q1 24
$209.1M

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
DHIL
DHIL
Operating Cash FlowLast quarter
$3.9M
$-6.6M
Free Cash FlowOCF − Capex
$-9.1M
FCF MarginFCF / Revenue
-24.8%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
0.51×
-0.71×
TTM Free Cash FlowTrailing 4 quarters
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
DHIL
DHIL
Q4 25
$-6.6M
Q3 25
$-7.7M
Q2 25
$3.9M
$-5.0M
Q1 25
$-10.7M
Q4 24
$16.6M
Q3 24
$18.5M
Q2 24
$-6.7M
$19.2M
Q1 24
$-12.3M
Free Cash Flow
CHR
CHR
DHIL
DHIL
Q4 25
$-9.1M
Q3 25
$-8.3M
Q2 25
$-5.7M
Q1 25
$-11.3M
Q4 24
$15.2M
Q3 24
$18.3M
Q2 24
$19.2M
Q1 24
$-12.4M
FCF Margin
CHR
CHR
DHIL
DHIL
Q4 25
-24.8%
Q3 25
-22.2%
Q2 25
-15.8%
Q1 25
-30.4%
Q4 24
38.9%
Q3 24
46.8%
Q2 24
52.4%
Q1 24
-34.2%
Capex Intensity
CHR
CHR
DHIL
DHIL
Q4 25
6.7%
Q3 25
1.6%
Q2 25
2.0%
Q1 25
1.5%
Q4 24
3.5%
Q3 24
0.7%
Q2 24
0.0%
Q1 24
0.4%
Cash Conversion
CHR
CHR
DHIL
DHIL
Q4 25
-0.71×
Q3 25
-0.57×
Q2 25
0.51×
-0.32×
Q1 25
-1.04×
Q4 24
2.25×
Q3 24
1.26×
Q2 24
-0.54×
2.36×
Q1 24
-0.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

DHIL
DHIL

Proprietary Funds$26.0M71%
Separately Managed Accounts$5.0M14%
Other Pooled Vehicles$2.8M8%
Administration Revenuenetofrelatedexpense$1.7M5%
Collective Investment Trusts$1.4M4%

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