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Side-by-side financial comparison of DELCATH SYSTEMS, INC. (DCTH) and DIAMOND HILL INVESTMENT GROUP INC (DHIL). Click either name above to swap in a different company.

DIAMOND HILL INVESTMENT GROUP INC is the larger business by last-quarter revenue ($36.6M vs $20.7M, roughly 1.8× DELCATH SYSTEMS, INC.). DIAMOND HILL INVESTMENT GROUP INC runs the higher net margin — 25.3% vs -9.1%, a 34.5% gap on every dollar of revenue. On growth, DELCATH SYSTEMS, INC. posted the faster year-over-year revenue change (37.3% vs -6.6%). DELCATH SYSTEMS, INC. produced more free cash flow last quarter ($7.7M vs $-9.1M). Over the past eight quarters, DELCATH SYSTEMS, INC.'s revenue compounded faster (157.0% CAGR vs 0.4%).

Delcath Systems, Inc. is a publicly traded specialty pharmaceutical and medical device company, that develops percutaneous perfusion technologies for the targeted administration of high-dose chemotherapeutic agents to specific organs or regions of the body. Based in Queensbury, New York, the company has an intellectual property portfolio consisting of 28 patents worldwide. Delcath's Percutaneous Hepatic Perfusion (PHP) is currently undergoing Phase II and Phase III trials against tumors in th...

Diamond Baseball Holdings (DBH) is an American sports ownership and management group that operates over 40 Minor League Baseball (MiLB) teams in the United States and Canada. DBH was established in 2021 by media conglomerate Endeavor and is a subsidiary of the investment firm Silver Lake.

DCTH vs DHIL — Head-to-Head

Bigger by revenue
DHIL
DHIL
1.8× larger
DHIL
$36.6M
$20.7M
DCTH
Growing faster (revenue YoY)
DCTH
DCTH
+43.8% gap
DCTH
37.3%
-6.6%
DHIL
Higher net margin
DHIL
DHIL
34.5% more per $
DHIL
25.3%
-9.1%
DCTH
More free cash flow
DCTH
DCTH
$16.8M more FCF
DCTH
$7.7M
$-9.1M
DHIL
Faster 2-yr revenue CAGR
DCTH
DCTH
Annualised
DCTH
157.0%
0.4%
DHIL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DCTH
DCTH
DHIL
DHIL
Revenue
$20.7M
$36.6M
Net Profit
$-1.9M
$9.3M
Gross Margin
85.5%
Operating Margin
-10.5%
16.9%
Net Margin
-9.1%
25.3%
Revenue YoY
37.3%
-6.6%
Net Profit YoY
44.2%
25.3%
EPS (diluted)
$-0.05
$3.42

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
DCTH
DCTH
DHIL
DHIL
Q4 25
$20.7M
$36.6M
Q3 25
$20.6M
$37.4M
Q2 25
$24.2M
$36.0M
Q1 25
$19.8M
$37.1M
Q4 24
$15.1M
$39.1M
Q3 24
$11.2M
$39.0M
Q2 24
$7.8M
$36.7M
Q1 24
$3.1M
$36.3M
Net Profit
DCTH
DCTH
DHIL
DHIL
Q4 25
$-1.9M
$9.3M
Q3 25
$830.0K
$13.6M
Q2 25
$2.7M
$15.6M
Q1 25
$1.1M
$10.4M
Q4 24
$-3.4M
$7.4M
Q3 24
$1.9M
$14.6M
Q2 24
$-13.7M
$8.1M
Q1 24
$-11.1M
$13.0M
Gross Margin
DCTH
DCTH
DHIL
DHIL
Q4 25
85.5%
Q3 25
87.2%
Q2 25
86.3%
Q1 25
85.6%
Q4 24
85.9%
Q3 24
85.4%
Q2 24
80.4%
Q1 24
71.2%
Operating Margin
DCTH
DCTH
DHIL
DHIL
Q4 25
-10.5%
16.9%
Q3 25
-1.9%
26.0%
Q2 25
10.7%
21.6%
Q1 25
3.2%
35.2%
Q4 24
20.1%
33.8%
Q3 24
-11.2%
26.2%
Q2 24
-50.4%
33.1%
Q1 24
-327.4%
22.9%
Net Margin
DCTH
DCTH
DHIL
DHIL
Q4 25
-9.1%
25.3%
Q3 25
4.0%
36.2%
Q2 25
11.2%
43.2%
Q1 25
5.4%
27.9%
Q4 24
-22.5%
18.9%
Q3 24
16.6%
37.5%
Q2 24
-176.9%
22.2%
Q1 24
-354.0%
35.9%
EPS (diluted)
DCTH
DCTH
DHIL
DHIL
Q4 25
$-0.05
$3.42
Q3 25
$0.02
$4.99
Q2 25
$0.07
$5.73
Q1 25
$0.03
$3.77
Q4 24
$-0.06
$2.76
Q3 24
$0.06
$5.35
Q2 24
$-0.48
$2.93
Q1 24
$-0.45
$4.62

Balance Sheet & Financial Strength

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

Metric
DCTH
DCTH
DHIL
DHIL
Cash + ST InvestmentsLiquidity on hand
$43.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$111.2M
$176.4M
Total Assets
$123.6M
$260.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DCTH
DCTH
DHIL
DHIL
Q4 25
$43.5M
Q3 25
$41.8M
Q2 25
$34.4M
Q1 25
$12.8M
Q4 24
$32.4M
$41.6M
Q3 24
$8.3M
Q2 24
$14.8M
Q1 24
$11.8M
Total Debt
DCTH
DCTH
DHIL
DHIL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$2.0M
Q2 24
$4.5M
Q1 24
$7.4M
Stockholders' Equity
DCTH
DCTH
DHIL
DHIL
Q4 25
$111.2M
$176.4M
Q3 25
$114.8M
$180.9M
Q2 25
$105.0M
$171.6M
Q1 25
$80.2M
$168.6M
Q4 24
$68.7M
$162.3M
Q3 24
$8.6M
$166.5M
Q2 24
$4.2M
$156.5M
Q1 24
$14.6M
$158.3M
Total Assets
DCTH
DCTH
DHIL
DHIL
Q4 25
$123.6M
$260.4M
Q3 25
$124.3M
$256.3M
Q2 25
$116.9M
$261.0M
Q1 25
$87.3M
$224.4M
Q4 24
$76.6M
$245.1M
Q3 24
$31.7M
$240.8M
Q2 24
$33.9M
$213.1M
Q1 24
$36.1M
$209.1M
Debt / Equity
DCTH
DCTH
DHIL
DHIL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.23×
Q2 24
1.07×
Q1 24
0.50×

Cash Flow & Capital Efficiency

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

Metric
DCTH
DCTH
DHIL
DHIL
Operating Cash FlowLast quarter
$8.2M
$-6.6M
Free Cash FlowOCF − Capex
$7.7M
$-9.1M
FCF MarginFCF / Revenue
37.1%
-24.8%
Capex IntensityCapex / Revenue
2.7%
6.7%
Cash ConversionOCF / Net Profit
-0.71×
TTM Free Cash FlowTrailing 4 quarters
$21.0M
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DCTH
DCTH
DHIL
DHIL
Q4 25
$8.2M
$-6.6M
Q3 25
$4.8M
$-7.7M
Q2 25
$7.3M
$-5.0M
Q1 25
$2.2M
$-10.7M
Q4 24
$-1.0M
$16.6M
Q3 24
$-3.6M
$18.5M
Q2 24
$-4.5M
$19.2M
Q1 24
$-9.6M
$-12.3M
Free Cash Flow
DCTH
DCTH
DHIL
DHIL
Q4 25
$7.7M
$-9.1M
Q3 25
$4.3M
$-8.3M
Q2 25
$6.9M
$-5.7M
Q1 25
$2.1M
$-11.3M
Q4 24
$-1.2M
$15.2M
Q3 24
$-3.9M
$18.3M
Q2 24
$-4.6M
$19.2M
Q1 24
$-9.6M
$-12.4M
FCF Margin
DCTH
DCTH
DHIL
DHIL
Q4 25
37.1%
-24.8%
Q3 25
21.0%
-22.2%
Q2 25
28.5%
-15.8%
Q1 25
10.4%
-30.4%
Q4 24
-8.2%
38.9%
Q3 24
-34.4%
46.8%
Q2 24
-58.6%
52.4%
Q1 24
-305.7%
-34.2%
Capex Intensity
DCTH
DCTH
DHIL
DHIL
Q4 25
2.7%
6.7%
Q3 25
2.2%
1.6%
Q2 25
1.6%
2.0%
Q1 25
0.7%
1.5%
Q4 24
1.5%
3.5%
Q3 24
1.9%
0.7%
Q2 24
1.3%
0.0%
Q1 24
0.4%
0.4%
Cash Conversion
DCTH
DCTH
DHIL
DHIL
Q4 25
-0.71×
Q3 25
5.75×
-0.57×
Q2 25
2.70×
-0.32×
Q1 25
2.06×
-1.04×
Q4 24
2.25×
Q3 24
-1.95×
1.26×
Q2 24
2.36×
Q1 24
-0.94×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DCTH
DCTH

HEPZATOKIT$19.1M92%
CHEMOSAT$1.7M8%

DHIL
DHIL

Proprietary Funds$26.0M71%
Separately Managed Accounts$5.0M14%
Other Pooled Vehicles$2.8M8%
Administration Revenuenetofrelatedexpense$1.7M5%
Collective Investment Trusts$1.4M4%

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