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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and VINCE HOLDING CORP. (VNCE). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $85.1M, roughly 1.6× VINCE HOLDING CORP.). VINCE HOLDING CORP. runs the higher net margin — 3.2% vs -22.8%, a 26.0% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 6.2%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-5.7M). Over the past eight quarters, VINCE HOLDING CORP.'s revenue compounded faster (6.3% 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.
VINCE. is a contemporary clothing fashion brand founded in 2002. In 2023 Authentic Brands Group purchased its intellectual property in a $76.5 million deal.
EEX vs VNCE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $85.1M |
| Net Profit | $-30.2M | $2.7M |
| Gross Margin | — | 49.2% |
| Operating Margin | -11.8% | 6.4% |
| Net Margin | -22.8% | 3.2% |
| Revenue YoY | 24.3% | 6.2% |
| Net Profit YoY | -692.2% | -37.3% |
| EPS (diluted) | $-0.15 | $0.21 |
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 | $85.1M | ||
| Q3 25 | $77.5M | $73.2M | ||
| Q2 25 | $105.5M | $57.9M | ||
| Q1 25 | $147.7M | $80.0M | ||
| Q4 24 | $106.8M | $80.2M | ||
| Q3 24 | $72.6M | $74.2M | ||
| Q2 24 | $86.0M | $59.2M | ||
| Q1 24 | $133.4M | $75.3M |
| Q4 25 | $-30.2M | $2.7M | ||
| Q3 25 | $-14.4M | $12.1M | ||
| Q2 25 | $-1.4M | $-4.8M | ||
| Q1 25 | $15.3M | $-28.3M | ||
| Q4 24 | $5.1M | $4.3M | ||
| Q3 24 | $-11.1M | $569.0K | ||
| Q2 24 | $-2.8M | $4.4M | ||
| Q1 24 | $11.0M | $-4.7M |
| Q4 25 | — | 49.2% | ||
| Q3 25 | — | 50.4% | ||
| Q2 25 | — | 50.3% | ||
| Q1 25 | — | 50.1% | ||
| Q4 24 | — | 50.0% | ||
| Q3 24 | — | 47.4% | ||
| Q2 24 | — | 50.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | -11.8% | 6.4% | ||
| Q3 25 | -10.1% | 15.2% | ||
| Q2 25 | 9.7% | -7.7% | ||
| Q1 25 | 24.2% | -37.1% | ||
| Q4 24 | 19.5% | 7.2% | ||
| Q3 24 | -6.5% | 1.5% | ||
| Q2 24 | 7.4% | 9.5% | ||
| Q1 24 | 18.2% | -2.2% |
| Q4 25 | -22.8% | 3.2% | ||
| Q3 25 | -18.6% | 16.5% | ||
| Q2 25 | -1.3% | -8.3% | ||
| Q1 25 | 10.4% | -35.5% | ||
| Q4 24 | 4.8% | 5.4% | ||
| Q3 24 | -15.3% | 0.8% | ||
| Q2 24 | -3.3% | 7.4% | ||
| Q1 24 | 8.2% | -6.2% |
| Q4 25 | $-0.15 | $0.21 | ||
| Q3 25 | $-0.07 | $0.93 | ||
| Q2 25 | $-0.01 | $-0.37 | ||
| Q1 25 | $0.08 | $-2.25 | ||
| Q4 24 | $0.01 | $0.34 | ||
| Q3 24 | $-0.05 | $0.05 | ||
| Q2 24 | $-0.03 | $0.35 | ||
| Q1 24 | $0.00 | $-0.37 |
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 | $1.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $53.4M |
| Total Assets | $1.2B | $246.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $1.1M | ||
| Q3 25 | $95.4M | $777.0K | ||
| Q2 25 | $156.4M | $2.6M | ||
| Q1 25 | $276.8M | $607.0K | ||
| Q4 24 | $194.8M | $892.0K | ||
| Q3 24 | $188.9M | $711.0K | ||
| Q2 24 | $193.2M | $739.0K | ||
| Q1 24 | $186.8M | $357.0K |
| Q4 25 | $338.8M | $53.4M | ||
| Q3 25 | $369.5M | $49.3M | ||
| Q2 25 | $389.4M | $37.2M | ||
| Q1 25 | $392.1M | $41.8M | ||
| Q4 24 | $385.9M | $57.1M | ||
| Q3 24 | $391.1M | $52.4M | ||
| Q2 24 | $407.6M | $51.7M | ||
| Q1 24 | $-90.7M | $47.2M |
| Q4 25 | $1.2B | $246.0M | ||
| Q3 25 | $1.2B | $239.0M | ||
| Q2 25 | $1.2B | $218.0M | ||
| Q1 25 | $1.2B | $222.7M | ||
| Q4 24 | $1.0B | $254.7M | ||
| Q3 24 | $1.1B | $253.6M | ||
| Q2 24 | $1.1B | $223.1M | ||
| Q1 24 | $1.1B | $225.1M |
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 | $-5.1M |
| Free Cash FlowOCF − Capex | $11.7M | $-5.7M |
| FCF MarginFCF / Revenue | 8.8% | -6.7% |
| Capex IntensityCapex / Revenue | 0.5% | 0.7% |
| Cash ConversionOCF / Net Profit | — | -1.86× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $-5.1M | ||
| Q3 25 | $1.8M | $4.2M | ||
| Q2 25 | $15.9M | $-11.8M | ||
| Q1 25 | $12.6M | $22.7M | ||
| Q4 24 | $20.6M | $6.4M | ||
| Q3 24 | $9.1M | $-3.2M | ||
| Q2 24 | $9.8M | $-3.9M | ||
| Q1 24 | $7.3M | $14.8M |
| Q4 25 | $11.7M | $-5.7M | ||
| Q3 25 | $1.5M | $2.1M | ||
| Q2 25 | $15.8M | $-13.2M | ||
| Q1 25 | $12.4M | $21.2M | ||
| Q4 24 | $19.9M | $5.1M | ||
| Q3 24 | $9.0M | $-3.9M | ||
| Q2 24 | $9.6M | $-4.6M | ||
| Q1 24 | $7.0M | $14.2M |
| Q4 25 | 8.8% | -6.7% | ||
| Q3 25 | 1.9% | 2.9% | ||
| Q2 25 | 15.0% | -22.9% | ||
| Q1 25 | 8.4% | 26.5% | ||
| Q4 24 | 18.6% | 6.4% | ||
| Q3 24 | 12.4% | -5.2% | ||
| Q2 24 | 11.2% | -7.8% | ||
| Q1 24 | 5.2% | 18.9% |
| Q4 25 | 0.5% | 0.7% | ||
| Q3 25 | 0.4% | 2.9% | ||
| Q2 25 | 0.1% | 2.5% | ||
| Q1 25 | 0.1% | 1.9% | ||
| Q4 24 | 0.7% | 1.6% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.2% | 1.3% | ||
| Q1 24 | 0.2% | 0.7% |
| Q4 25 | — | -1.86× | ||
| Q3 25 | — | 0.35× | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | 1.48× | ||
| Q3 24 | — | -5.61× | ||
| Q2 24 | — | -0.89× | ||
| Q1 24 | 0.66× | — |
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% |
VNCE
| Vince Wholesale | $52.0M | 61% |
| Vince Direct To Consumer | $33.1M | 39% |
