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Side-by-side financial comparison of DHI GROUP, INC. (DHX) and AVITA Medical, Inc. (RCEL). Click either name above to swap in a different company.

DHI GROUP, INC. is the larger business by last-quarter revenue ($31.4M vs $17.6M, roughly 1.8× AVITA Medical, Inc.). DHI GROUP, INC. runs the higher net margin — 3.0% vs -66.0%, a 69.0% gap on every dollar of revenue. On growth, AVITA Medical, Inc. posted the faster year-over-year revenue change (-4.3% vs -9.8%). DHI GROUP, INC. produced more free cash flow last quarter ($5.7M vs $-6.1M). Over the past eight quarters, AVITA Medical, Inc.'s revenue compounded faster (26.0% CAGR vs -6.7%).

DHI is an international water software development and engineering consultancy firm with headquarters in Denmark. The profit-for-purpose organisation addresses all challenges in water environments through consultancy services, MIKE Powered by DHI water modelling software, business applications, data portals and operational services. DHI has 30 offices throughout the world, with software development centres in Singapore and Denmark, and approximately 1050 employees.

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

DHX vs RCEL — Head-to-Head

Bigger by revenue
DHX
DHX
1.8× larger
DHX
$31.4M
$17.6M
RCEL
Growing faster (revenue YoY)
RCEL
RCEL
+5.5% gap
RCEL
-4.3%
-9.8%
DHX
Higher net margin
DHX
DHX
69.0% more per $
DHX
3.0%
-66.0%
RCEL
More free cash flow
DHX
DHX
$11.8M more FCF
DHX
$5.7M
$-6.1M
RCEL
Faster 2-yr revenue CAGR
RCEL
RCEL
Annualised
RCEL
26.0%
-6.7%
DHX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DHX
DHX
RCEL
RCEL
Revenue
$31.4M
$17.6M
Net Profit
$951.0K
$-11.6M
Gross Margin
81.2%
Operating Margin
10.4%
-59.1%
Net Margin
3.0%
-66.0%
Revenue YoY
-9.8%
-4.3%
Net Profit YoY
-6.9%
-0.3%
EPS (diluted)
$0.03
$-0.37

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
DHX
DHX
RCEL
RCEL
Q4 25
$31.4M
$17.6M
Q3 25
$32.1M
$17.1M
Q2 25
$32.0M
$18.4M
Q1 25
$32.3M
$18.5M
Q4 24
$34.8M
$18.4M
Q3 24
$35.3M
$19.5M
Q2 24
$35.8M
$15.2M
Q1 24
$36.0M
$11.1M
Net Profit
DHX
DHX
RCEL
RCEL
Q4 25
$951.0K
$-11.6M
Q3 25
$-4.3M
$-13.2M
Q2 25
$-841.0K
$-9.9M
Q1 25
$-9.4M
$-13.9M
Q4 24
$1.0M
$-11.6M
Q3 24
$-200.0K
$-16.2M
Q2 24
$943.0K
$-15.4M
Q1 24
$-1.5M
$-18.7M
Gross Margin
DHX
DHX
RCEL
RCEL
Q4 25
81.2%
Q3 25
85.7%
81.3%
Q2 25
84.0%
81.2%
Q1 25
83.4%
84.7%
Q4 24
87.6%
Q3 24
85.6%
83.7%
Q2 24
85.5%
86.1%
Q1 24
86.5%
86.4%
Operating Margin
DHX
DHX
RCEL
RCEL
Q4 25
10.4%
-59.1%
Q3 25
-14.0%
-53.6%
Q2 25
-3.9%
-60.5%
Q1 25
-27.5%
-63.9%
Q4 24
5.0%
-54.1%
Q3 24
1.8%
-70.6%
Q2 24
5.6%
-102.8%
Q1 24
5.5%
-155.0%
Net Margin
DHX
DHX
RCEL
RCEL
Q4 25
3.0%
-66.0%
Q3 25
-13.3%
-77.3%
Q2 25
-2.6%
-53.9%
Q1 25
-28.9%
-74.9%
Q4 24
2.9%
-63.0%
Q3 24
-0.6%
-82.9%
Q2 24
2.6%
-101.3%
Q1 24
-4.2%
-168.0%
EPS (diluted)
DHX
DHX
RCEL
RCEL
Q4 25
$0.03
$-0.37
Q3 25
$-0.10
$-0.46
Q2 25
$-0.02
$-0.38
Q1 25
$-0.21
$-0.53
Q4 24
$0.02
$-0.44
Q3 24
$0.00
$-0.62
Q2 24
$0.02
$-0.60
Q1 24
$-0.03
$-0.73

Balance Sheet & Financial Strength

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

Metric
DHX
DHX
RCEL
RCEL
Cash + ST InvestmentsLiquidity on hand
$2.9M
$18.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.5M
$-16.6M
Total Assets
$188.2M
$56.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DHX
DHX
RCEL
RCEL
Q4 25
$2.9M
$18.2M
Q3 25
$2.3M
$23.3M
Q2 25
$2.8M
$15.7M
Q1 25
$2.7M
$25.8M
Q4 24
$3.7M
$35.9M
Q3 24
$2.1M
$44.4M
Q2 24
$3.0M
$54.1M
Q1 24
$3.2M
$68.2M
Total Debt
DHX
DHX
RCEL
RCEL
Q4 25
Q3 25
$30.0M
Q2 25
$30.0M
Q1 25
$33.0M
Q4 24
$32.0M
Q3 24
$32.0M
Q2 24
$35.0M
Q1 24
$41.0M
Stockholders' Equity
DHX
DHX
RCEL
RCEL
Q4 25
$94.5M
$-16.6M
Q3 25
$97.3M
$-6.7M
Q2 25
$102.5M
$-12.9M
Q1 25
$103.9M
$-4.6M
Q4 24
$114.3M
$4.5M
Q3 24
$111.3M
$12.2M
Q2 24
$109.8M
$23.9M
Q1 24
$106.6M
$32.6M
Total Assets
DHX
DHX
RCEL
RCEL
Q4 25
$188.2M
$56.4M
Q3 25
$192.5M
$63.7M
Q2 25
$204.9M
$58.1M
Q1 25
$212.1M
$69.6M
Q4 24
$221.4M
$79.7M
Q3 24
$219.4M
$81.1M
Q2 24
$224.4M
$87.8M
Q1 24
$231.9M
$97.4M
Debt / Equity
DHX
DHX
RCEL
RCEL
Q4 25
Q3 25
0.31×
Q2 25
0.29×
Q1 25
0.32×
Q4 24
0.28×
Q3 24
0.29×
Q2 24
0.32×
Q1 24
0.38×

Cash Flow & Capital Efficiency

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

Metric
DHX
DHX
RCEL
RCEL
Operating Cash FlowLast quarter
$7.2M
$-5.4M
Free Cash FlowOCF − Capex
$5.7M
$-6.1M
FCF MarginFCF / Revenue
18.1%
-34.7%
Capex IntensityCapex / Revenue
4.9%
3.8%
Cash ConversionOCF / Net Profit
7.60×
TTM Free Cash FlowTrailing 4 quarters
$13.8M
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DHX
DHX
RCEL
RCEL
Q4 25
$7.2M
$-5.4M
Q3 25
$4.8M
$-5.2M
Q2 25
$6.9M
$-10.2M
Q1 25
$2.2M
$-10.3M
Q4 24
$4.4M
$-8.1M
Q3 24
$5.5M
$-7.2M
Q2 24
$9.1M
$-12.8M
Q1 24
$2.1M
$-20.9M
Free Cash Flow
DHX
DHX
RCEL
RCEL
Q4 25
$5.7M
$-6.1M
Q3 25
$3.2M
$-6.2M
Q2 25
$4.8M
$-10.8M
Q1 25
$88.0K
$-10.5M
Q4 24
$1.6M
$-9.7M
Q3 24
$2.3M
$-11.0M
Q2 24
$5.6M
$-15.4M
Q1 24
$-2.4M
$-22.0M
FCF Margin
DHX
DHX
RCEL
RCEL
Q4 25
18.1%
-34.7%
Q3 25
9.9%
-36.1%
Q2 25
15.1%
-58.4%
Q1 25
0.3%
-56.9%
Q4 24
4.6%
-52.7%
Q3 24
6.5%
-56.1%
Q2 24
15.6%
-101.6%
Q1 24
-6.5%
-198.2%
Capex Intensity
DHX
DHX
RCEL
RCEL
Q4 25
4.9%
3.8%
Q3 25
5.0%
5.5%
Q2 25
6.3%
2.8%
Q1 25
6.7%
1.2%
Q4 24
8.0%
8.8%
Q3 24
9.2%
19.2%
Q2 24
9.7%
17.5%
Q1 24
12.3%
10.3%
Cash Conversion
DHX
DHX
RCEL
RCEL
Q4 25
7.60×
Q3 25
Q2 25
Q1 25
Q4 24
4.27×
Q3 24
Q2 24
9.61×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

DHX
DHX

Clearance Jobs$17.4M56%
Clearance Jobs Segment$13.9M44%

RCEL
RCEL

Segment breakdown not available.

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