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Side-by-side financial comparison of Chanson International Holding (CHSN) and Heritage Distilling Holding Company, Inc. (IPST). Click either name above to swap in a different company.

Chanson International Holding is the larger business by last-quarter revenue ($8.7M vs $4.7M, roughly 1.8× Heritage Distilling Holding Company, Inc.). Chanson International Holding runs the higher net margin — -12.1% vs -6862.0%, a 6849.9% gap on every dollar of revenue.

Chanson International Holding is a food and beverage enterprise focused on operating premium bakery chains primarily across mainland China. Its product portfolio includes freshly baked bread, handcrafted pastries, custom celebration cakes, specialty beverages, and frozen bakery goods supplied to partnered retail outlets, catering to middle-class consumers with demand for high-quality daily food options.

Newport Craft Brewing & Distilling Company is a brewery and distillery located in Newport, Rhode Island. Established in 1999 as the Coastal Extreme Brewing Company, it was the first microbrewery in Newport and began distilling operations in 2006. The company produces a range of beers and spirits that are distributed in the Northeastern United States. In 2018 it adopted its current name to reflect its combined brewing and distilling operations. Newport Craft is owned by Audrain Hospitality Gro...

CHSN vs IPST — Head-to-Head

Bigger by revenue
CHSN
CHSN
1.8× larger
CHSN
$8.7M
$4.7M
IPST
Higher net margin
CHSN
CHSN
6849.9% more per $
CHSN
-12.1%
-6862.0%
IPST

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHSN
CHSN
IPST
IPST
Revenue
$8.7M
$4.7M
Net Profit
$-1.0M
$-323.7M
Gross Margin
44.5%
68.5%
Operating Margin
-13.7%
-2622.6%
Net Margin
-12.1%
-6862.0%
Revenue YoY
15.2%
Net Profit YoY
-4579.7%
EPS (diluted)
$-2.87
$-31.89

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
CHSN
CHSN
IPST
IPST
Q4 25
$4.7M
Q3 25
$3.0M
Q2 25
$8.7M
$1.3M
Q1 25
$1.1M
Q3 24
$1.8M
Q2 24
$7.5M
Net Profit
CHSN
CHSN
IPST
IPST
Q4 25
$-323.7M
Q3 25
$196.3M
Q2 25
$-1.0M
$-7.3M
Q1 25
$-3.0M
Q3 24
$-3.4M
Q2 24
$23.4K
Gross Margin
CHSN
CHSN
IPST
IPST
Q4 25
68.5%
Q3 25
61.3%
Q2 25
44.5%
17.2%
Q1 25
24.9%
Q3 24
35.8%
Q2 24
41.5%
Operating Margin
CHSN
CHSN
IPST
IPST
Q4 25
-2622.6%
Q3 25
-38.4%
Q2 25
-13.7%
-503.0%
Q1 25
-224.5%
Q3 24
-118.1%
Q2 24
-7.4%
Net Margin
CHSN
CHSN
IPST
IPST
Q4 25
-6862.0%
Q3 25
6566.2%
Q2 25
-12.1%
-551.9%
Q1 25
-277.8%
Q3 24
-194.9%
Q2 24
0.3%
EPS (diluted)
CHSN
CHSN
IPST
IPST
Q4 25
$-31.89
Q3 25
$16.97
Q2 25
$-2.87
$-0.77
Q1 25
$-0.34
Q3 24
$-160.41
Q2 24
$0.15

Balance Sheet & Financial Strength

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

Metric
CHSN
CHSN
IPST
IPST
Cash + ST InvestmentsLiquidity on hand
$22.1M
Total DebtLower is stronger
$4.5M
$2.6M
Stockholders' EquityBook value
$24.5M
$98.2M
Total Assets
$51.6M
$108.8M
Debt / EquityLower = less leverage
0.18×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHSN
CHSN
IPST
IPST
Q4 25
Q3 25
Q2 25
$22.1M
Q1 25
Q3 24
Q2 24
$4.1M
Total Debt
CHSN
CHSN
IPST
IPST
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$4.5M
$13.0M
Q1 25
$13.0M
Q3 24
$15.0M
Q2 24
Stockholders' Equity
CHSN
CHSN
IPST
IPST
Q4 25
$98.2M
Q3 25
$420.4M
Q2 25
$24.5M
$-2.9M
Q1 25
$-329.0K
Q3 24
$-34.0M
Q2 24
$12.1M
Total Assets
CHSN
CHSN
IPST
IPST
Q4 25
$108.8M
Q3 25
$482.8M
Q2 25
$51.6M
$26.5M
Q1 25
$27.1M
Q3 24
$31.1M
Q2 24
$38.7M
Debt / Equity
CHSN
CHSN
IPST
IPST
Q4 25
0.03×
Q3 25
0.01×
Q2 25
0.18×
Q1 25
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
CHSN
CHSN
IPST
IPST
Operating Cash FlowLast quarter
$-390.3K
$-7.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHSN
CHSN
IPST
IPST
Q4 25
$-7.5M
Q3 25
$-4.3M
Q2 25
$-390.3K
$-1.5M
Q1 25
$-2.0M
Q3 24
Q2 24
$806.1K
Free Cash Flow
CHSN
CHSN
IPST
IPST
Q4 25
Q3 25
$-4.3M
Q2 25
$-1.5M
Q1 25
$-2.0M
Q3 24
Q2 24
$771.9K
FCF Margin
CHSN
CHSN
IPST
IPST
Q4 25
Q3 25
-144.7%
Q2 25
-115.3%
Q1 25
-187.6%
Q3 24
Q2 24
10.2%
Capex Intensity
CHSN
CHSN
IPST
IPST
Q4 25
0.0%
Q3 25
1.5%
Q2 25
0.9%
Q1 25
1.6%
Q3 24
Q2 24
0.5%
Cash Conversion
CHSN
CHSN
IPST
IPST
Q4 25
Q3 25
-0.02×
Q2 25
Q1 25
Q3 24
Q2 24
34.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHSN
CHSN

Segment breakdown not available.

IPST
IPST

Direct To Consumer$3.0M63%
Wholesale$1.2M26%
Other$517.7K11%

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