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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and FULL HOUSE RESORTS INC (FLL). Click either name above to swap in a different company.

FULL HOUSE RESORTS INC is the larger business by last-quarter revenue ($75.4M vs $71.0M, roughly 1.1× Cheer Holding, Inc.). Cheer Holding, Inc. runs the higher net margin — 10.9% vs -16.4%, a 27.3% gap on every dollar of revenue. On growth, FULL HOUSE RESORTS INC posted the faster year-over-year revenue change (3.4% 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.

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

CHR vs FLL — Head-to-Head

Bigger by revenue
FLL
FLL
1.1× larger
FLL
$75.4M
$71.0M
CHR
Growing faster (revenue YoY)
FLL
FLL
+3.5% gap
FLL
3.4%
-0.1%
CHR
Higher net margin
CHR
CHR
27.3% more per $
CHR
10.9%
-16.4%
FLL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
FLL
FLL
Revenue
$71.0M
$75.4M
Net Profit
$7.8M
$-12.4M
Gross Margin
70.7%
93.1%
Operating Margin
11.7%
-1.3%
Net Margin
10.9%
-16.4%
Revenue YoY
-0.1%
3.4%
Net Profit YoY
-37.5%
-0.6%
EPS (diluted)
$0.67
$-0.35

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
FLL
FLL
Q4 25
$75.4M
Q3 25
$78.0M
Q2 25
$71.0M
$73.9M
Q1 25
$75.1M
Q4 24
$73.0M
Q3 24
$75.7M
Q2 24
$71.1M
$73.5M
Q1 24
$69.9M
Net Profit
CHR
CHR
FLL
FLL
Q4 25
$-12.4M
Q3 25
$-7.7M
Q2 25
$7.8M
$-10.4M
Q1 25
$-9.8M
Q4 24
$-12.3M
Q3 24
$-8.5M
Q2 24
$12.4M
$-8.6M
Q1 24
$-11.3M
Gross Margin
CHR
CHR
FLL
FLL
Q4 25
93.1%
Q3 25
93.2%
Q2 25
70.7%
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
73.4%
92.4%
Q1 24
92.3%
Operating Margin
CHR
CHR
FLL
FLL
Q4 25
-1.3%
Q3 25
4.4%
Q2 25
11.7%
-0.1%
Q1 25
1.0%
Q4 24
-1.9%
Q3 24
3.2%
Q2 24
16.4%
3.2%
Q1 24
-0.9%
Net Margin
CHR
CHR
FLL
FLL
Q4 25
-16.4%
Q3 25
-9.8%
Q2 25
10.9%
-14.0%
Q1 25
-13.0%
Q4 24
-16.9%
Q3 24
-11.2%
Q2 24
17.5%
-11.7%
Q1 24
-16.1%
EPS (diluted)
CHR
CHR
FLL
FLL
Q4 25
$-0.35
Q3 25
$-0.21
Q2 25
$0.67
$-0.29
Q1 25
$-0.27
Q4 24
$-0.34
Q3 24
$-0.24
Q2 24
$1.23
$-0.25
Q1 24
$-0.33

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
FLL
FLL
Cash + ST InvestmentsLiquidity on hand
$40.7M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$322.1M
$2.5M
Total Assets
$362.7M
$649.8M
Debt / EquityLower = less leverage
186.62×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
FLL
FLL
Q4 25
$40.7M
Q3 25
$30.9M
Q2 25
$32.1M
Q1 25
$30.7M
Q4 24
$40.2M
Q3 24
$25.9M
Q2 24
$186.1M
$31.1M
Q1 24
$25.7M
Total Debt
CHR
CHR
FLL
FLL
Q4 25
$473.6M
Q3 25
$473.1M
Q2 25
$467.5M
Q1 25
$471.7M
Q4 24
$468.1M
Q3 24
$467.4M
Q2 24
$466.6M
Q1 24
$465.9M
Stockholders' Equity
CHR
CHR
FLL
FLL
Q4 25
$2.5M
Q3 25
$14.2M
Q2 25
$322.1M
$21.2M
Q1 25
$31.0M
Q4 24
$40.5M
Q3 24
$51.8M
Q2 24
$286.1M
$59.5M
Q1 24
$67.3M
Total Assets
CHR
CHR
FLL
FLL
Q4 25
$649.8M
Q3 25
$644.4M
Q2 25
$362.7M
$651.5M
Q1 25
$657.2M
Q4 24
$673.3M
Q3 24
$668.7M
Q2 24
$333.2M
$673.9M
Q1 24
$670.4M
Debt / Equity
CHR
CHR
FLL
FLL
Q4 25
186.62×
Q3 25
33.30×
Q2 25
22.04×
Q1 25
15.22×
Q4 24
11.56×
Q3 24
9.02×
Q2 24
7.85×
Q1 24
6.92×

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
FLL
FLL
Operating Cash FlowLast quarter
$3.9M
$12.0M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
FLL
FLL
Q4 25
$12.0M
Q3 25
$-472.0K
Q2 25
$3.9M
$7.9M
Q1 25
$-9.5M
Q4 24
$14.8M
Q3 24
$-6.7M
Q2 24
$-6.7M
$10.1M
Q1 24
$-4.4M
Free Cash Flow
CHR
CHR
FLL
FLL
Q4 25
$10.7M
Q3 25
$-5.5M
Q2 25
$4.5M
Q1 25
$-12.3M
Q4 24
$6.9M
Q3 24
$-17.4M
Q2 24
$-1.2M
Q1 24
$-27.0M
FCF Margin
CHR
CHR
FLL
FLL
Q4 25
14.1%
Q3 25
-7.1%
Q2 25
6.1%
Q1 25
-16.4%
Q4 24
9.4%
Q3 24
-23.0%
Q2 24
-1.6%
Q1 24
-38.7%
Capex Intensity
CHR
CHR
FLL
FLL
Q4 25
1.8%
Q3 25
6.5%
Q2 25
4.5%
Q1 25
3.8%
Q4 24
10.9%
Q3 24
14.1%
Q2 24
15.4%
Q1 24
32.4%
Cash Conversion
CHR
CHR
FLL
FLL
Q4 25
Q3 25
Q2 25
0.51×
Q1 25
Q4 24
Q3 24
Q2 24
-0.54×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

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