vs
Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and P10, Inc. (PX). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $81.0M, roughly 1.6× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -22.8%, a 34.4% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $11.7M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
EEX vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $81.0M |
| Net Profit | $-30.2M | $9.5M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 31.9% |
| Net Margin | -22.8% | 11.7% |
| Revenue YoY | 24.3% | -4.7% |
| Net Profit YoY | -692.2% | 79.0% |
| EPS (diluted) | $-0.15 | $0.08 |
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.
| Q4 25 | $132.7M | $81.0M | ||
| Q3 25 | $77.5M | $75.9M | ||
| Q2 25 | $105.5M | $72.7M | ||
| Q1 25 | $147.7M | $67.7M | ||
| Q4 24 | $106.8M | $85.0M | ||
| Q3 24 | $72.6M | $74.2M | ||
| Q2 24 | $86.0M | $71.1M | ||
| Q1 24 | $133.4M | $66.1M |
| Q4 25 | $-30.2M | $9.5M | ||
| Q3 25 | $-14.4M | $2.1M | ||
| Q2 25 | $-1.4M | $3.4M | ||
| Q1 25 | $15.3M | $4.5M | ||
| Q4 24 | $5.1M | $5.3M | ||
| Q3 24 | $-11.1M | $1.4M | ||
| Q2 24 | $-2.8M | $7.0M | ||
| Q1 24 | $11.0M | $5.0M |
| Q4 25 | -11.8% | 31.9% | ||
| Q3 25 | -10.1% | 14.1% | ||
| Q2 25 | 9.7% | 24.4% | ||
| Q1 25 | 24.2% | 16.6% | ||
| Q4 24 | 19.5% | 26.9% | ||
| Q3 24 | -6.5% | 11.9% | ||
| Q2 24 | 7.4% | 23.7% | ||
| Q1 24 | 18.2% | 18.3% |
| Q4 25 | -22.8% | 11.7% | ||
| Q3 25 | -18.6% | 2.8% | ||
| Q2 25 | -1.3% | 4.7% | ||
| Q1 25 | 10.4% | 6.7% | ||
| Q4 24 | 4.8% | 6.2% | ||
| Q3 24 | -15.3% | 1.9% | ||
| Q2 24 | -3.3% | 9.8% | ||
| Q1 24 | 8.2% | 7.6% |
| Q4 25 | $-0.15 | $0.08 | ||
| Q3 25 | $-0.07 | $0.02 | ||
| Q2 25 | $-0.01 | $0.03 | ||
| Q1 25 | $0.08 | $0.04 | ||
| Q4 24 | $0.01 | $0.05 | ||
| Q3 24 | $-0.05 | $0.01 | ||
| Q2 24 | $-0.03 | $0.06 | ||
| Q1 24 | $0.00 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $100.9M | $28.2M |
| Total DebtLower is stronger | — | $373.2M |
| Stockholders' EquityBook value | $338.8M | $403.5M |
| Total Assets | $1.2B | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $28.2M | ||
| Q3 25 | $95.4M | $40.0M | ||
| Q2 25 | $156.4M | $33.4M | ||
| Q1 25 | $276.8M | $74.4M | ||
| Q4 24 | $194.8M | $67.5M | ||
| Q3 24 | $188.9M | $61.5M | ||
| Q2 24 | $193.2M | $31.2M | ||
| Q1 24 | $186.8M | $29.0M |
| Q4 25 | — | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | — | $319.8M | ||
| Q3 24 | — | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | $338.8M | $403.5M | ||
| Q3 25 | $369.5M | $396.8M | ||
| Q2 25 | $389.4M | $388.9M | ||
| Q1 25 | $392.1M | $374.3M | ||
| Q4 24 | $385.9M | $386.9M | ||
| Q3 24 | $391.1M | $394.1M | ||
| Q2 24 | $407.6M | $396.9M | ||
| Q1 24 | $-90.7M | $400.1M |
| Q4 25 | $1.2B | $928.3M | ||
| Q3 25 | $1.2B | $936.0M | ||
| Q2 25 | $1.2B | $932.2M | ||
| Q1 25 | $1.2B | $877.4M | ||
| Q4 24 | $1.0B | $869.3M | ||
| Q3 24 | $1.1B | $857.0M | ||
| Q2 24 | $1.1B | $823.2M | ||
| Q1 24 | $1.1B | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | — | 0.83× | ||
| Q3 24 | — | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.3M | $23.0M |
| Free Cash FlowOCF − Capex | $11.7M | $18.1M |
| FCF MarginFCF / Revenue | 8.8% | 22.3% |
| Capex IntensityCapex / Revenue | 0.5% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $23.0M | ||
| Q3 25 | $1.8M | $-8.6M | ||
| Q2 25 | $15.9M | $13.4M | ||
| Q1 25 | $12.6M | $-4.7M | ||
| Q4 24 | $20.6M | $101.0M | ||
| Q3 24 | $9.1M | $27.5M | ||
| Q2 24 | $9.8M | $34.8M | ||
| Q1 24 | $7.3M | $11.0M |
| Q4 25 | $11.7M | $18.1M | ||
| Q3 25 | $1.5M | $-9.5M | ||
| Q2 25 | $15.8M | $11.6M | ||
| Q1 25 | $12.4M | $-6.0M | ||
| Q4 24 | $19.9M | $96.6M | ||
| Q3 24 | $9.0M | $25.2M | ||
| Q2 24 | $9.6M | $33.9M | ||
| Q1 24 | $7.0M | $10.7M |
| Q4 25 | 8.8% | 22.3% | ||
| Q3 25 | 1.9% | -12.6% | ||
| Q2 25 | 15.0% | 15.9% | ||
| Q1 25 | 8.4% | -8.9% | ||
| Q4 24 | 18.6% | 113.6% | ||
| Q3 24 | 12.4% | 34.0% | ||
| Q2 24 | 11.2% | 47.7% | ||
| Q1 24 | 5.2% | 16.2% |
| Q4 25 | 0.5% | 6.0% | ||
| Q3 25 | 0.4% | 1.2% | ||
| Q2 25 | 0.1% | 2.5% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | 0.7% | 5.2% | ||
| Q3 24 | 0.1% | 3.0% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.2% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | 0.82× | -1.05× | ||
| Q4 24 | 4.04× | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | — | 4.98× | ||
| Q1 24 | 0.66× | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
