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Side-by-side financial comparison of DIAMOND HILL INVESTMENT GROUP INC (DHIL) and TRX GOLD Corp (TRX). 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 $25.1M, roughly 1.5× TRX GOLD Corp). DIAMOND HILL INVESTMENT GROUP INC runs the higher net margin — 25.3% vs -2.0%, a 27.3% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs -6.6%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs 0.4%).

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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

DHIL vs TRX — Head-to-Head

Bigger by revenue
DHIL
DHIL
1.5× larger
DHIL
$36.6M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+107.0% gap
TRX
100.5%
-6.6%
DHIL
Higher net margin
DHIL
DHIL
27.3% more per $
DHIL
25.3%
-2.0%
TRX
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
0.4%
DHIL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DHIL
DHIL
TRX
TRX
Revenue
$36.6M
$25.1M
Net Profit
$9.3M
$-496.0K
Gross Margin
56.6%
Operating Margin
16.9%
Net Margin
25.3%
-2.0%
Revenue YoY
-6.6%
100.5%
Net Profit YoY
25.3%
-123.2%
EPS (diluted)
$3.42
$-0.01

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
DHIL
DHIL
TRX
TRX
Q4 25
$36.6M
$25.1M
Q3 25
$37.4M
Q2 25
$36.0M
$12.5M
Q1 25
$37.1M
$9.1M
Q4 24
$39.1M
$12.5M
Q3 24
$39.0M
Q2 24
$36.7M
$10.1M
Q1 24
$36.3M
$8.0M
Net Profit
DHIL
DHIL
TRX
TRX
Q4 25
$9.3M
$-496.0K
Q3 25
$13.6M
Q2 25
$15.6M
$1.1M
Q1 25
$10.4M
$-1.9M
Q4 24
$7.4M
$2.1M
Q3 24
$14.6M
Q2 24
$8.1M
$-1.7M
Q1 24
$13.0M
$1.9M
Gross Margin
DHIL
DHIL
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
DHIL
DHIL
TRX
TRX
Q4 25
16.9%
Q3 25
26.0%
Q2 25
21.6%
Q1 25
35.2%
Q4 24
33.8%
Q3 24
26.2%
Q2 24
33.1%
Q1 24
22.9%
Net Margin
DHIL
DHIL
TRX
TRX
Q4 25
25.3%
-2.0%
Q3 25
36.2%
Q2 25
43.2%
8.9%
Q1 25
27.9%
-21.3%
Q4 24
18.9%
17.1%
Q3 24
37.5%
Q2 24
22.2%
-16.3%
Q1 24
35.9%
24.1%
EPS (diluted)
DHIL
DHIL
TRX
TRX
Q4 25
$3.42
$-0.01
Q3 25
$4.99
Q2 25
$5.73
$0.00
Q1 25
$3.77
$-0.01
Q4 24
$2.76
$0.00
Q3 24
$5.35
Q2 24
$2.93
$-0.01
Q1 24
$4.62
$0.00

Balance Sheet & Financial Strength

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

Metric
DHIL
DHIL
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$176.4M
$74.5M
Total Assets
$260.4M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHIL
DHIL
TRX
TRX
Q4 25
$9.2M
Q3 25
Q2 25
$3.6M
Q1 25
$6.0M
Q4 24
$41.6M
$6.8M
Q3 24
Q2 24
$7.7M
Q1 24
$8.0M
Stockholders' Equity
DHIL
DHIL
TRX
TRX
Q4 25
$176.4M
$74.5M
Q3 25
$180.9M
Q2 25
$171.6M
$69.0M
Q1 25
$168.6M
$67.5M
Q4 24
$162.3M
$68.4M
Q3 24
$166.5M
Q2 24
$156.5M
$62.5M
Q1 24
$158.3M
$63.9M
Total Assets
DHIL
DHIL
TRX
TRX
Q4 25
$260.4M
$129.6M
Q3 25
$256.3M
Q2 25
$261.0M
$112.3M
Q1 25
$224.4M
$106.7M
Q4 24
$245.1M
$102.6M
Q3 24
$240.8M
Q2 24
$213.1M
$92.6M
Q1 24
$209.1M
$88.2M

Cash Flow & Capital Efficiency

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

Metric
DHIL
DHIL
TRX
TRX
Operating Cash FlowLast quarter
$-6.6M
$4.0M
Free Cash FlowOCF − Capex
$-9.1M
FCF MarginFCF / Revenue
-24.8%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
-0.71×
TTM Free Cash FlowTrailing 4 quarters
$-34.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHIL
DHIL
TRX
TRX
Q4 25
$-6.6M
$4.0M
Q3 25
$-7.7M
Q2 25
$-5.0M
$3.4M
Q1 25
$-10.7M
$2.0M
Q4 24
$16.6M
$2.4M
Q3 24
$18.5M
Q2 24
$19.2M
$3.1M
Q1 24
$-12.3M
$1.0M
Free Cash Flow
DHIL
DHIL
TRX
TRX
Q4 25
$-9.1M
Q3 25
$-8.3M
Q2 25
$-5.7M
Q1 25
$-11.3M
Q4 24
$15.2M
Q3 24
$18.3M
Q2 24
$19.2M
Q1 24
$-12.4M
FCF Margin
DHIL
DHIL
TRX
TRX
Q4 25
-24.8%
Q3 25
-22.2%
Q2 25
-15.8%
Q1 25
-30.4%
Q4 24
38.9%
Q3 24
46.8%
Q2 24
52.4%
Q1 24
-34.2%
Capex Intensity
DHIL
DHIL
TRX
TRX
Q4 25
6.7%
Q3 25
1.6%
Q2 25
2.0%
Q1 25
1.5%
Q4 24
3.5%
Q3 24
0.7%
Q2 24
0.0%
Q1 24
0.4%
Cash Conversion
DHIL
DHIL
TRX
TRX
Q4 25
-0.71×
Q3 25
-0.57×
Q2 25
-0.32×
3.10×
Q1 25
-1.04×
Q4 24
2.25×
1.11×
Q3 24
1.26×
Q2 24
2.36×
Q1 24
-0.94×
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

TRX
TRX

Segment breakdown not available.

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