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Side-by-side financial comparison of COMPX INTERNATIONAL INC (CIX) and TANDY LEATHER FACTORY INC (TLF). Click either name above to swap in a different company.
COMPX INTERNATIONAL INC is the larger business by last-quarter revenue ($37.7M vs $22.3M, roughly 1.7× TANDY LEATHER FACTORY INC). COMPX INTERNATIONAL INC runs the higher net margin — 12.4% vs -4.2%, a 16.6% gap on every dollar of revenue. On growth, TANDY LEATHER FACTORY INC posted the faster year-over-year revenue change (8.7% vs -1.9%). COMPX INTERNATIONAL INC produced more free cash flow last quarter ($11.4M vs $4.0M). Over the past eight quarters, TANDY LEATHER FACTORY INC's revenue compounded faster (7.4% CAGR vs -0.4%).
COMPX International Inc. is a diversified manufacturer of security and control products, including high-performance locking systems, electronic access solutions, ergonomic workstation components, and marine hardware. It primarily serves North American and European markets, catering to commercial, residential, industrial, healthcare, and recreational marine segments.
Tandy Leather Factory, Inc. is an American specialty retailer and wholesale distributor of leather and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the Tandy Corporation, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.
CIX vs TLF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $37.7M | $22.3M |
| Net Profit | $4.7M | $-930.0K |
| Gross Margin | 32.1% | 54.3% |
| Operating Margin | 15.0% | -2.8% |
| Net Margin | 12.4% | -4.2% |
| Revenue YoY | -1.9% | 8.7% |
| Net Profit YoY | 3.6% | -379.3% |
| EPS (diluted) | $0.38 | $-0.18 |
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.
| Q4 25 | $37.7M | $22.3M | ||
| Q3 25 | $40.0M | $17.3M | ||
| Q2 25 | $40.4M | $17.8M | ||
| Q1 25 | $40.3M | $19.0M | ||
| Q4 24 | $38.4M | $20.5M | ||
| Q3 24 | $33.7M | $17.4M | ||
| Q2 24 | $35.9M | $17.3M | ||
| Q1 24 | $38.0M | $19.3M |
| Q4 25 | $4.7M | $-930.0K | ||
| Q3 25 | $4.2M | $-1.4M | ||
| Q2 25 | $5.5M | $-199.0K | ||
| Q1 25 | $5.1M | $11.6M | ||
| Q4 24 | $4.5M | $333.0K | ||
| Q3 24 | $3.5M | $-132.0K | ||
| Q2 24 | $4.8M | $101.0K | ||
| Q1 24 | $3.8M | $525.0K |
| Q4 25 | 32.1% | 54.3% | ||
| Q3 25 | 27.6% | 58.9% | ||
| Q2 25 | 31.9% | 59.5% | ||
| Q1 25 | 30.2% | 56.3% | ||
| Q4 24 | 28.8% | 53.0% | ||
| Q3 24 | 28.1% | 57.8% | ||
| Q2 24 | 31.1% | 58.0% | ||
| Q1 24 | 25.5% | 56.7% |
| Q4 25 | 15.0% | -2.8% | ||
| Q3 25 | 11.9% | -3.9% | ||
| Q2 25 | 15.7% | 0.4% | ||
| Q1 25 | 14.6% | 1.4% | ||
| Q4 24 | 12.7% | 0.9% | ||
| Q3 24 | 9.9% | -1.5% | ||
| Q2 24 | 14.2% | 0.4% | ||
| Q1 24 | 9.8% | 3.4% |
| Q4 25 | 12.4% | -4.2% | ||
| Q3 25 | 10.6% | -7.8% | ||
| Q2 25 | 13.5% | -1.1% | ||
| Q1 25 | 12.7% | 60.8% | ||
| Q4 24 | 11.7% | 1.6% | ||
| Q3 24 | 10.3% | -0.8% | ||
| Q2 24 | 13.5% | 0.6% | ||
| Q1 24 | 9.9% | 2.7% |
| Q4 25 | $0.38 | $-0.18 | ||
| Q3 25 | $0.34 | $-0.17 | ||
| Q2 25 | $0.44 | $-0.02 | ||
| Q1 25 | $0.42 | $1.47 | ||
| Q4 24 | $0.37 | $0.04 | ||
| Q3 24 | $0.28 | $-0.02 | ||
| Q2 24 | $0.39 | $0.01 | ||
| Q1 24 | $0.31 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $54.1M | $16.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $138.6M | $52.6M |
| Total Assets | $156.2M | $86.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.1M | $16.1M | ||
| Q3 25 | $46.3M | $12.0M | ||
| Q2 25 | $56.2M | $16.4M | ||
| Q1 25 | $56.1M | $23.6M | ||
| Q4 24 | $60.8M | $13.3M | ||
| Q3 24 | $58.8M | $10.1M | ||
| Q2 24 | $82.1M | $11.5M | ||
| Q1 24 | $75.6M | $12.3M |
| Q4 25 | $138.6M | $52.6M | ||
| Q3 25 | $137.7M | $53.4M | ||
| Q2 25 | $149.5M | $56.1M | ||
| Q1 25 | $147.6M | $55.8M | ||
| Q4 24 | $146.1M | $57.2M | ||
| Q3 24 | $145.3M | $57.6M | ||
| Q2 24 | $170.2M | $57.5M | ||
| Q1 24 | $168.9M | $57.2M |
| Q4 25 | $156.2M | $86.6M | ||
| Q3 25 | $153.7M | $84.5M | ||
| Q2 25 | $164.8M | $76.5M | ||
| Q1 25 | $162.2M | $77.9M | ||
| Q4 24 | $163.0M | $74.9M | ||
| Q3 24 | $160.1M | $73.0M | ||
| Q2 24 | $185.1M | $72.8M | ||
| Q1 24 | $181.7M | $72.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.0M | $5.0M |
| Free Cash FlowOCF − Capex | $11.4M | $4.0M |
| FCF MarginFCF / Revenue | 30.3% | 18.1% |
| Capex IntensityCapex / Revenue | 1.6% | 4.3% |
| Cash ConversionOCF / Net Profit | 2.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $19.1M | $-8.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.0M | $5.0M | ||
| Q3 25 | $6.3M | $-1.0M | ||
| Q2 25 | $4.7M | $-4.0M | ||
| Q1 25 | $-137.0K | $-536.0K | ||
| Q4 24 | $7.3M | $4.5M | ||
| Q3 24 | $4.1M | $-535.0K | ||
| Q2 24 | $9.8M | $-514.0K | ||
| Q1 24 | $1.7M | $1.1M |
| Q4 25 | $11.4M | $4.0M | ||
| Q3 25 | $5.3M | $-3.0M | ||
| Q2 25 | $3.4M | $-7.3M | ||
| Q1 25 | $-959.0K | $-1.9M | ||
| Q4 24 | $7.1M | $3.8M | ||
| Q3 24 | $3.6M | $-1.4M | ||
| Q2 24 | $9.4M | $-715.0K | ||
| Q1 24 | $1.4M | $-141.0K |
| Q4 25 | 30.3% | 18.1% | ||
| Q3 25 | 13.2% | -17.2% | ||
| Q2 25 | 8.4% | -41.0% | ||
| Q1 25 | -2.4% | -9.8% | ||
| Q4 24 | 18.5% | 18.8% | ||
| Q3 24 | 10.8% | -8.2% | ||
| Q2 24 | 26.2% | -4.1% | ||
| Q1 24 | 3.6% | -0.7% |
| Q4 25 | 1.6% | 4.3% | ||
| Q3 25 | 2.5% | 11.2% | ||
| Q2 25 | 3.3% | 18.7% | ||
| Q1 25 | 2.0% | 7.0% | ||
| Q4 24 | 0.6% | 3.3% | ||
| Q3 24 | 1.4% | 5.1% | ||
| Q2 24 | 1.2% | 1.2% | ||
| Q1 24 | 0.8% | 6.4% |
| Q4 25 | 2.57× | — | ||
| Q3 25 | 1.48× | — | ||
| Q2 25 | 0.87× | — | ||
| Q1 25 | -0.03× | -0.05× | ||
| Q4 24 | 1.62× | 13.55× | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 2.03× | -5.09× | ||
| Q1 24 | 0.45× | 2.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIX
| Security Products | $29.5M | 78% |
| Marine Components | $8.2M | 22% |
TLF
Segment breakdown not available.
