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Side-by-side financial comparison of Cosmos Health Inc. (COSM) and HWH International Inc. (HWH). Click either name above to swap in a different company.

Cosmos Health Inc. is the larger business by last-quarter revenue ($19.7M vs $206.8K, roughly 95.3× HWH International Inc.). Cosmos Health Inc. runs the higher net margin — -51.5% vs -140.7%, a 89.2% gap on every dollar of revenue. On growth, Cosmos Health Inc. posted the faster year-over-year revenue change (38.5% vs -40.2%). HWH International Inc. produced more free cash flow last quarter ($-217.9K vs $-4.6M).

AgniKul Cosmos Private Limited is a private Indian aerospace manufacturer and commercial launch service provider based in National Centre for Combustion Research and Development (NCCRD) of IIT Madras, Chennai. The start up aims to develop and launch its own small-lift launch vehicle such as the Agnibaan, capable of placing 100 kg (220 lb) payload into a 700 km (430 mi) orbit.

HWH International Inc operates in the global luxury hospitality and lifestyle services industry, providing premium travel membership programs, curated high-end travel experiences, and exclusive access to luxury resorts, fine dining venues, and premium leisure facilities. Its key markets include North America, Asia Pacific, and Europe, serving high-net-worth individuals and corporate clients.

COSM vs HWH — Head-to-Head

Bigger by revenue
COSM
COSM
95.3× larger
COSM
$19.7M
$206.8K
HWH
Growing faster (revenue YoY)
COSM
COSM
+78.7% gap
COSM
38.5%
-40.2%
HWH
Higher net margin
COSM
COSM
89.2% more per $
COSM
-51.5%
-140.7%
HWH
More free cash flow
HWH
HWH
$4.4M more FCF
HWH
$-217.9K
$-4.6M
COSM

Income Statement — Q4 2025 vs Q3 2025

Metric
COSM
COSM
HWH
HWH
Revenue
$19.7M
$206.8K
Net Profit
$-10.1M
$-291.0K
Gross Margin
10.6%
59.8%
Operating Margin
-57.9%
-142.7%
Net Margin
-51.5%
-140.7%
Revenue YoY
38.5%
-40.2%
Net Profit YoY
-203.0%
46.9%
EPS (diluted)
$-0.33

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
COSM
COSM
HWH
HWH
Q4 25
$19.7M
Q3 25
$17.1M
$206.8K
Q2 25
$14.7M
$310.4K
Q1 25
$13.7M
Q4 24
$14.2M
$287.1K
Q3 24
$12.4M
$345.5K
Q2 24
$13.2M
$334.9K
Q1 24
$14.6M
$286.1K
Net Profit
COSM
COSM
HWH
HWH
Q4 25
$-10.1M
Q3 25
$-5.4M
$-291.0K
Q2 25
$-2.8M
$83.4K
Q1 25
$-818.1K
Q4 24
$-3.3M
$-476.7K
Q3 24
$-8.4M
$-548.5K
Q2 24
$-2.6M
$-387.9K
Q1 24
$-1.9M
$-1.3M
Gross Margin
COSM
COSM
HWH
HWH
Q4 25
10.6%
Q3 25
15.2%
59.8%
Q2 25
7.9%
48.0%
Q1 25
14.9%
Q4 24
7.1%
39.6%
Q3 24
9.7%
46.3%
Q2 24
5.8%
49.2%
Q1 24
9.1%
57.1%
Operating Margin
COSM
COSM
HWH
HWH
Q4 25
-57.9%
Q3 25
-10.6%
-142.7%
Q2 25
-17.9%
24.5%
Q1 25
-6.1%
Q4 24
-63.0%
-170.2%
Q3 24
-18.0%
-155.5%
Q2 24
-18.9%
-120.5%
Q1 24
-12.6%
-467.1%
Net Margin
COSM
COSM
HWH
HWH
Q4 25
-51.5%
Q3 25
-31.3%
-140.7%
Q2 25
-19.2%
26.9%
Q1 25
-6.0%
Q4 24
-23.5%
-166.1%
Q3 24
-67.5%
-158.7%
Q2 24
-19.6%
-115.8%
Q1 24
-12.8%
-467.2%
EPS (diluted)
COSM
COSM
HWH
HWH
Q4 25
$-0.33
Q3 25
$-0.17
Q2 25
$-0.10
Q1 25
$-0.03
Q4 24
$-0.46
Q3 24
$-0.45
Q2 24
$-0.15
Q1 24
$-0.11

Balance Sheet & Financial Strength

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

Metric
COSM
COSM
HWH
HWH
Cash + ST InvestmentsLiquidity on hand
$761.8K
$2.9M
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$18.4M
$2.8M
Total Assets
$65.5M
$5.2M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COSM
COSM
HWH
HWH
Q4 25
$761.8K
Q3 25
$922.6K
$2.9M
Q2 25
$30.3K
$3.7M
Q1 25
$25.3K
Q4 24
$336.3K
$4.4M
Q3 24
$22.8K
$836.3K
Q2 24
$21.5K
$958.9K
Q1 24
$21.3K
$1.1M
Total Debt
COSM
COSM
HWH
HWH
Q4 25
$3.8M
Q3 25
$5.4M
Q2 25
$5.2M
Q1 25
$4.9M
Q4 24
$4.1M
Q3 24
$4.3M
Q2 24
$3.9M
Q1 24
$4.1M
Stockholders' Equity
COSM
COSM
HWH
HWH
Q4 25
$18.4M
Q3 25
$23.1M
$2.8M
Q2 25
$26.2M
$3.2M
Q1 25
$26.0M
Q4 24
$24.5M
$2.8M
Q3 24
$35.0M
$-374.9K
Q2 24
$32.1M
$-3.6M
Q1 24
$34.5M
$-3.1M
Total Assets
COSM
COSM
HWH
HWH
Q4 25
$65.5M
Q3 25
$69.5M
$5.2M
Q2 25
$61.8M
$10.6M
Q1 25
$57.2M
Q4 24
$54.3M
$6.4M
Q3 24
$64.5M
$2.9M
Q2 24
$60.8M
$3.1M
Q1 24
$62.3M
$2.6M
Debt / Equity
COSM
COSM
HWH
HWH
Q4 25
0.20×
Q3 25
0.23×
Q2 25
0.20×
Q1 25
0.19×
Q4 24
0.17×
Q3 24
0.12×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
COSM
COSM
HWH
HWH
Operating Cash FlowLast quarter
$-4.6M
$-199.9K
Free Cash FlowOCF − Capex
$-4.6M
$-217.9K
FCF MarginFCF / Revenue
-23.4%
-105.4%
Capex IntensityCapex / Revenue
0.0%
8.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COSM
COSM
HWH
HWH
Q4 25
$-4.6M
Q3 25
$-2.5M
$-199.9K
Q2 25
$-1.2M
$26.9K
Q1 25
$-186.3K
Q4 24
$-3.8M
$-415.2K
Q3 24
$739.8K
$-275.0K
Q2 24
$-1.2M
$-490.8K
Q1 24
$-3.4M
$-638.2K
Free Cash Flow
COSM
COSM
HWH
HWH
Q4 25
$-4.6M
Q3 25
$-2.5M
$-217.9K
Q2 25
$-1.2M
Q1 25
$-198.8K
Q4 24
$-3.9M
$-415.5K
Q3 24
$511.0K
$-277.1K
Q2 24
$-1.2M
$-516.8K
Q1 24
$-3.5M
$-640.3K
FCF Margin
COSM
COSM
HWH
HWH
Q4 25
-23.4%
Q3 25
-14.4%
-105.4%
Q2 25
-8.4%
Q1 25
-1.5%
Q4 24
-27.5%
-144.7%
Q3 24
4.1%
-80.2%
Q2 24
-9.4%
-154.3%
Q1 24
-24.0%
-223.8%
Capex Intensity
COSM
COSM
HWH
HWH
Q4 25
0.0%
Q3 25
0.1%
8.7%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.5%
0.1%
Q3 24
1.8%
0.6%
Q2 24
0.3%
7.7%
Q1 24
0.6%
0.7%
Cash Conversion
COSM
COSM
HWH
HWH
Q4 25
Q3 25
Q2 25
0.32×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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