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Side-by-side financial comparison of ELTEK LTD (ELTK) and FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI). Click either name above to swap in a different company.

ELTEK LTD is the larger business by last-quarter revenue ($12.5M vs $9.1M, roughly 1.4× FLEXIBLE SOLUTIONS INTERNATIONAL INC). ELTEK LTD runs the higher net margin — 2.9% vs -5.1%, a 8.0% gap on every dollar of revenue. On growth, ELTEK LTD posted the faster year-over-year revenue change (19.7% vs -0.5%).

Eltek is a brand of electric power conversion products for telecommunications and industrial applications, marketed as part of Delta Electronics. The products are developed and sold by Delta Electronics (Norway) AS, which is based in Drammen, Norway. As of 2018, Eltek had approximately 2000 employees, with offices in 40 countries.

Flexible Solutions International Inc develops and manufactures specialty chemicals for water conservation, energy efficiency, and agricultural use. Core products include water body evaporative reduction solutions, farm crop yield additives, and swimming pool heat retention products, serving customers across North America and global agricultural markets.

ELTK vs FSI — Head-to-Head

Bigger by revenue
ELTK
ELTK
1.4× larger
ELTK
$12.5M
$9.1M
FSI
Growing faster (revenue YoY)
ELTK
ELTK
+20.2% gap
ELTK
19.7%
-0.5%
FSI
Higher net margin
ELTK
ELTK
8.0% more per $
ELTK
2.9%
-5.1%
FSI

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ELTK
ELTK
FSI
FSI
Revenue
$12.5M
$9.1M
Net Profit
$365.0K
$-460.9K
Gross Margin
24.1%
29.4%
Operating Margin
11.6%
11.6%
Net Margin
2.9%
-5.1%
Revenue YoY
19.7%
-0.5%
Net Profit YoY
-51.4%
-167.8%
EPS (diluted)
$0.05
$-0.03

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
ELTK
ELTK
FSI
FSI
Q4 25
$9.1M
Q3 25
$10.6M
Q2 25
$12.5M
$11.4M
Q1 25
$7.5M
Q4 24
$9.2M
Q3 24
$9.3M
Q2 24
$10.5M
$10.5M
Q1 24
$9.2M
Net Profit
ELTK
ELTK
FSI
FSI
Q4 25
$-460.9K
Q3 25
$-503.4K
Q2 25
$365.0K
$2.0M
Q1 25
$-277.7K
Q4 24
$679.6K
Q3 24
$611.9K
Q2 24
$751.0K
$1.3M
Q1 24
$457.2K
Gross Margin
ELTK
ELTK
FSI
FSI
Q4 25
29.4%
Q3 25
23.9%
Q2 25
24.1%
47.4%
Q1 25
26.1%
Q4 24
29.2%
Q3 24
40.9%
Q2 24
15.6%
37.4%
Q1 24
30.6%
Operating Margin
ELTK
ELTK
FSI
FSI
Q4 25
11.6%
Q3 25
2.9%
Q2 25
11.6%
29.0%
Q1 25
-0.9%
Q4 24
9.4%
Q3 24
20.5%
Q2 24
3.9%
18.7%
Q1 24
8.3%
Net Margin
ELTK
ELTK
FSI
FSI
Q4 25
-5.1%
Q3 25
-4.8%
Q2 25
2.9%
17.8%
Q1 25
-3.7%
Q4 24
7.4%
Q3 24
6.6%
Q2 24
7.2%
12.3%
Q1 24
5.0%
EPS (diluted)
ELTK
ELTK
FSI
FSI
Q4 25
$-0.03
Q3 25
$-0.04
Q2 25
$0.05
$0.15
Q1 25
$-0.02
Q4 24
$0.05
Q3 24
$0.05
Q2 24
$0.11
$0.10
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
ELTK
ELTK
FSI
FSI
Cash + ST InvestmentsLiquidity on hand
$1.8M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$44.6M
$38.9M
Total Assets
$64.4M
$61.8M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELTK
ELTK
FSI
FSI
Q4 25
Q3 25
Q2 25
$1.8M
$10.0M
Q1 25
$11.0M
Q4 24
$10.0M
Q3 24
$13.0M
Q2 24
$8.9M
$9.2M
Q1 24
$8.3M
Total Debt
ELTK
ELTK
FSI
FSI
Q4 25
$4.4M
Q3 25
$7.1M
Q2 25
$7.5M
Q1 25
$8.1M
Q4 24
$8.8M
Q3 24
$9.4M
Q2 24
$8.3M
Q1 24
$8.0M
Stockholders' Equity
ELTK
ELTK
FSI
FSI
Q4 25
$38.9M
Q3 25
$39.0M
Q2 25
$44.6M
$39.4M
Q1 25
$38.4M
Q4 24
$38.0M
Q3 24
$36.9M
Q2 24
$38.0M
$36.2M
Q1 24
$36.0M
Total Assets
ELTK
ELTK
FSI
FSI
Q4 25
$61.8M
Q3 25
$58.4M
Q2 25
$64.4M
$58.2M
Q1 25
$61.7M
Q4 24
$60.0M
Q3 24
$57.8M
Q2 24
$54.9M
$56.3M
Q1 24
$57.6M
Debt / Equity
ELTK
ELTK
FSI
FSI
Q4 25
0.11×
Q3 25
0.18×
Q2 25
0.19×
Q1 25
0.21×
Q4 24
0.23×
Q3 24
0.25×
Q2 24
0.23×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
ELTK
ELTK
FSI
FSI
Operating Cash FlowLast quarter
$-3.0M
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-44.3%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-591.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELTK
ELTK
FSI
FSI
Q4 25
$-3.0M
Q3 25
$2.0M
Q2 25
$5.3M
Q1 25
$-544.3K
Q4 24
$-2.2M
Q3 24
$2.5M
Q2 24
$5.9M
Q1 24
$-604.8K
Free Cash Flow
ELTK
ELTK
FSI
FSI
Q4 25
$-4.0M
Q3 25
$39.4K
Q2 25
$4.3M
Q1 25
$-898.4K
Q4 24
$-4.3M
Q3 24
$1.3M
Q2 24
$4.7M
Q1 24
$-1.1M
FCF Margin
ELTK
ELTK
FSI
FSI
Q4 25
-44.3%
Q3 25
0.4%
Q2 25
37.9%
Q1 25
-12.0%
Q4 24
-47.0%
Q3 24
13.6%
Q2 24
44.9%
Q1 24
-11.7%
Capex Intensity
ELTK
ELTK
FSI
FSI
Q4 25
11.7%
Q3 25
18.7%
Q2 25
8.6%
Q1 25
4.7%
Q4 24
22.8%
Q3 24
13.0%
Q2 24
11.3%
Q1 24
5.2%
Cash Conversion
ELTK
ELTK
FSI
FSI
Q4 25
Q3 25
Q2 25
2.60×
Q1 25
Q4 24
-3.27×
Q3 24
4.05×
Q2 24
4.59×
Q1 24
-1.32×

Financial Flow Comparison

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

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