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Side-by-side financial comparison of Dogness (International) Corp (DOGZ) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $7.7M, roughly 1.8× Dogness (International) Corp). FENNEC PHARMACEUTICALS INC. runs the higher net margin — -34.7% vs -67.1%, a 32.4% gap on every dollar of revenue.

Dogness (International) Corp is a pet product manufacturer focused on designing, producing and selling a broad portfolio of pet care goods, including smart pet feeders, automatic waterers, leashes, collars and grooming tools. Its core markets cover North America, Europe and China, serving both retail consumers and B2B partners in the global pet industry.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

DOGZ vs FENC — Head-to-Head

Bigger by revenue
FENC
FENC
1.8× larger
FENC
$13.8M
$7.7M
DOGZ
Higher net margin
FENC
FENC
32.4% more per $
FENC
-34.7%
-67.1%
DOGZ

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
DOGZ
DOGZ
FENC
FENC
Revenue
$7.7M
$13.8M
Net Profit
$-5.2M
$-4.8M
Gross Margin
11.2%
Operating Margin
-70.8%
-18.5%
Net Margin
-67.1%
-34.7%
Revenue YoY
73.8%
Net Profit YoY
-141.1%
EPS (diluted)
$-0.29
$-0.17

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
DOGZ
DOGZ
FENC
FENC
Q4 25
$7.7M
$13.8M
Q3 25
$12.5M
Q2 25
$6.7M
$9.7M
Q1 25
$8.8M
Q4 24
$7.9M
Q3 24
$7.0M
Q2 24
$7.3M
Q1 24
$25.4M
Net Profit
DOGZ
DOGZ
FENC
FENC
Q4 25
$-5.2M
$-4.8M
Q3 25
$-638.0K
Q2 25
$-3.2M
$-3.2M
Q1 25
$-1.2M
Q4 24
$-2.0M
Q3 24
$-5.7M
Q2 24
$-5.6M
Q1 24
$12.8M
Gross Margin
DOGZ
DOGZ
FENC
FENC
Q4 25
11.2%
Q3 25
Q2 25
19.6%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
DOGZ
DOGZ
FENC
FENC
Q4 25
-70.8%
-18.5%
Q3 25
-1.5%
Q2 25
-53.6%
-28.3%
Q1 25
-9.2%
Q4 24
-11.8%
Q3 24
-74.6%
Q2 24
-69.4%
Q1 24
54.2%
Net Margin
DOGZ
DOGZ
FENC
FENC
Q4 25
-67.1%
-34.7%
Q3 25
-5.1%
Q2 25
-47.9%
-32.7%
Q1 25
-13.3%
Q4 24
-25.0%
Q3 24
-82.2%
Q2 24
-76.5%
Q1 24
50.6%
EPS (diluted)
DOGZ
DOGZ
FENC
FENC
Q4 25
$-0.29
$-0.17
Q3 25
$-0.02
Q2 25
$-0.11
Q1 25
$-0.04
Q4 24
$-0.02
Q3 24
$-0.21
Q2 24
$-0.20
Q1 24
$0.41

Balance Sheet & Financial Strength

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

Metric
DOGZ
DOGZ
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$6.6M
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$95.1M
$35.5M
Total Assets
$114.5M
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOGZ
DOGZ
FENC
FENC
Q4 25
$6.6M
$36.8M
Q3 25
$21.9M
Q2 25
$12.8M
$18.7M
Q1 25
$22.7M
Q4 24
$26.6M
Q3 24
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
DOGZ
DOGZ
FENC
FENC
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
DOGZ
DOGZ
FENC
FENC
Q4 25
$95.1M
$35.5M
Q3 25
$-4.5M
Q2 25
$97.8M
$-7.5M
Q1 25
$-5.9M
Q4 24
$-5.9M
Q3 24
$-5.2M
Q2 24
$-1.4M
Q1 24
$3.0M
Total Assets
DOGZ
DOGZ
FENC
FENC
Q4 25
$114.5M
$70.6M
Q3 25
$49.3M
Q2 25
$116.8M
$44.9M
Q1 25
$46.4M
Q4 24
$44.9M
Q3 24
$58.9M
Q2 24
$63.2M
Q1 24
$69.2M
Debt / Equity
DOGZ
DOGZ
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
DOGZ
DOGZ
FENC
FENC
Operating Cash FlowLast quarter
$-1.6M
$-6.0M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-77.8%
Capex IntensityCapex / Revenue
56.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOGZ
DOGZ
FENC
FENC
Q4 25
$-1.6M
$-6.0M
Q3 25
$1.5M
Q2 25
$-3.7M
Q1 25
$-4.3M
Q4 24
$-1.5M
Q3 24
$-2.2M
Q2 24
$-8.4M
Q1 24
$39.0M
Free Cash Flow
DOGZ
DOGZ
FENC
FENC
Q4 25
$-6.0M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
DOGZ
DOGZ
FENC
FENC
Q4 25
-77.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
DOGZ
DOGZ
FENC
FENC
Q4 25
56.9%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
DOGZ
DOGZ
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
3.04×

Financial Flow Comparison

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

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