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Side-by-side financial comparison of CROWN CRAFTS INC (CRWS) and LIGHTPATH TECHNOLOGIES INC (LPTH). Click either name above to swap in a different company.

CROWN CRAFTS INC is the larger business by last-quarter revenue ($20.7M vs $16.4M, roughly 1.3× LIGHTPATH TECHNOLOGIES INC). CROWN CRAFTS INC runs the higher net margin — 7.3% vs -57.5%, a 64.8% gap on every dollar of revenue. On growth, LIGHTPATH TECHNOLOGIES INC posted the faster year-over-year revenue change (120.2% vs -11.3%). CROWN CRAFTS INC produced more free cash flow last quarter ($2.3M vs $2.0M). Over the past eight quarters, LIGHTPATH TECHNOLOGIES INC's revenue compounded faster (45.7% CAGR vs -6.7%).

Crown Crafts is a publicly held American company headquartered in Gonzales, Louisiana. The company designs, markets and distributes infant, toddler and juvenile consumer products. Its stock is traded on the NASDAQ Capital Market under the ticker symbol "CRWS".

LightPath Technologies Inc designs, manufactures and distributes high-precision optical components and assemblies, including aspheric lenses, infrared optics, and fiber optic products. It serves global clients across industrial automation, aerospace, defense, medical imaging, and telecommunications sectors.

CRWS vs LPTH — Head-to-Head

Bigger by revenue
CRWS
CRWS
1.3× larger
CRWS
$20.7M
$16.4M
LPTH
Growing faster (revenue YoY)
LPTH
LPTH
+131.5% gap
LPTH
120.2%
-11.3%
CRWS
Higher net margin
CRWS
CRWS
64.8% more per $
CRWS
7.3%
-57.5%
LPTH
More free cash flow
CRWS
CRWS
$383.1K more FCF
CRWS
$2.3M
$2.0M
LPTH
Faster 2-yr revenue CAGR
LPTH
LPTH
Annualised
LPTH
45.7%
-6.7%
CRWS

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
CRWS
CRWS
LPTH
LPTH
Revenue
$20.7M
$16.4M
Net Profit
$1.5M
$-9.4M
Gross Margin
23.5%
36.8%
Operating Margin
-0.5%
-52.6%
Net Margin
7.3%
-57.5%
Revenue YoY
-11.3%
120.2%
Net Profit YoY
69.1%
-260.1%
EPS (diluted)
$-0.20

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
CRWS
CRWS
LPTH
LPTH
Q4 25
$20.7M
$16.4M
Q3 25
$23.7M
$15.1M
Q2 25
$15.5M
$12.2M
Q1 25
$23.2M
$9.2M
Q4 24
$23.4M
$7.4M
Q3 24
$24.5M
$8.4M
Q2 24
$16.2M
$8.6M
Q1 24
$7.7M
Net Profit
CRWS
CRWS
LPTH
LPTH
Q4 25
$1.5M
$-9.4M
Q3 25
$1.2M
$-2.9M
Q2 25
$-1.1M
$-7.1M
Q1 25
$-10.8M
$-3.6M
Q4 24
$893.0K
$-2.6M
Q3 24
$860.0K
$-1.6M
Q2 24
$-322.0K
$-2.4M
Q1 24
$-2.6M
Gross Margin
CRWS
CRWS
LPTH
LPTH
Q4 25
23.5%
36.8%
Q3 25
27.7%
29.8%
Q2 25
22.7%
22.0%
Q1 25
18.3%
29.1%
Q4 24
26.1%
26.0%
Q3 24
28.4%
33.9%
Q2 24
24.5%
29.2%
Q1 24
20.9%
Operating Margin
CRWS
CRWS
LPTH
LPTH
Q4 25
-0.5%
-52.6%
Q3 25
7.9%
-16.6%
Q2 25
-7.7%
-38.0%
Q1 25
-60.7%
-36.3%
Q4 24
7.3%
-33.5%
Q3 24
6.2%
-16.4%
Q2 24
-1.8%
-25.6%
Q1 24
-33.6%
Net Margin
CRWS
CRWS
LPTH
LPTH
Q4 25
7.3%
-57.5%
Q3 25
4.9%
-19.2%
Q2 25
-7.1%
-57.8%
Q1 25
-46.4%
-39.1%
Q4 24
3.8%
-35.2%
Q3 24
3.5%
-19.3%
Q2 24
-2.0%
-27.3%
Q1 24
-33.7%
EPS (diluted)
CRWS
CRWS
LPTH
LPTH
Q4 25
$-0.20
Q3 25
$-0.07
Q2 25
$-0.10
$0.19
Q1 25
$-0.44
Q4 24
$-0.07
Q3 24
$-0.04
Q2 24
$-0.03
$-0.15
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
CRWS
CRWS
LPTH
LPTH
Cash + ST InvestmentsLiquidity on hand
$2.4M
$73.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$39.2M
$77.9M
Total Assets
$76.1M
$148.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRWS
CRWS
LPTH
LPTH
Q4 25
$2.4M
$73.6M
Q3 25
$810.0K
Q2 25
$227.0K
$4.9M
Q1 25
$521.0K
Q4 24
$1.1M
Q3 24
$2.0M
Q2 24
$1.1M
Q1 24
Total Debt
CRWS
CRWS
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$535.0K
Q1 24
$599.4K
Stockholders' Equity
CRWS
CRWS
LPTH
LPTH
Q4 25
$39.2M
$77.9M
Q3 25
$38.4M
$21.4M
Q2 25
$37.9M
$15.6M
Q1 25
$39.6M
$15.7M
Q4 24
$51.1M
$26.7M
Q3 24
$50.8M
$29.4M
Q2 24
$50.7M
$30.2M
Q1 24
$31.7M
Total Assets
CRWS
CRWS
LPTH
LPTH
Q4 25
$76.1M
$148.6M
Q3 25
$77.5M
$87.3M
Q2 25
$76.0M
$81.5M
Q1 25
$81.2M
$81.4M
Q4 24
$98.7M
$45.8M
Q3 24
$99.3M
$48.4M
Q2 24
$76.4M
$48.1M
Q1 24
$49.7M
Debt / Equity
CRWS
CRWS
LPTH
LPTH
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.02×
Q1 24
0.02×

Cash Flow & Capital Efficiency

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

Metric
CRWS
CRWS
LPTH
LPTH
Operating Cash FlowLast quarter
$2.7M
$2.8M
Free Cash FlowOCF − Capex
$2.3M
$2.0M
FCF MarginFCF / Revenue
11.3%
12.0%
Capex IntensityCapex / Revenue
1.7%
5.3%
Cash ConversionOCF / Net Profit
1.78×
TTM Free Cash FlowTrailing 4 quarters
$9.1M
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRWS
CRWS
LPTH
LPTH
Q4 25
$2.7M
$2.8M
Q3 25
$-845.0K
$-1.1M
Q2 25
$5.2M
$-2.6M
Q1 25
$2.8M
$-3.2M
Q4 24
$-36.0K
$-737.4K
Q3 24
$-983.0K
$-1.7M
Q2 24
$8.0M
$64.7K
Q1 24
$-394.2K
Free Cash Flow
CRWS
CRWS
LPTH
LPTH
Q4 25
$2.3M
$2.0M
Q3 25
$-1.0M
$-1.2M
Q2 25
$5.2M
$-3.3M
Q1 25
$2.6M
$-3.7M
Q4 24
$-220.0K
$-817.8K
Q3 24
$-1.2M
$-1.8M
Q2 24
$7.7M
$-225.5K
Q1 24
$-802.5K
FCF Margin
CRWS
CRWS
LPTH
LPTH
Q4 25
11.3%
12.0%
Q3 25
-4.3%
-8.1%
Q2 25
33.4%
-27.3%
Q1 25
11.3%
-40.0%
Q4 24
-0.9%
-11.0%
Q3 24
-4.8%
-21.2%
Q2 24
47.7%
-2.6%
Q1 24
-10.4%
Capex Intensity
CRWS
CRWS
LPTH
LPTH
Q4 25
1.7%
5.3%
Q3 25
0.7%
0.5%
Q2 25
0.6%
5.6%
Q1 25
0.9%
4.6%
Q4 24
0.8%
1.1%
Q3 24
0.8%
0.9%
Q2 24
1.8%
3.4%
Q1 24
5.3%
Cash Conversion
CRWS
CRWS
LPTH
LPTH
Q4 25
1.78×
Q3 25
-0.73×
Q2 25
Q1 25
Q4 24
-0.04×
Q3 24
-1.14×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRWS
CRWS

Segment breakdown not available.

LPTH
LPTH

Other$7.9M48%
Infrared Components$5.0M31%
Visible Components$3.4M21%

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