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Side-by-side financial comparison of EQUUS TOTAL RETURN, INC. (EQS) and Chicago Atlantic BDC, Inc. (LIEN). Click either name above to swap in a different company.
Chicago Atlantic BDC, Inc. is the larger business by last-quarter revenue ($2.5M vs $322.0K, roughly 7.9× EQUUS TOTAL RETURN, INC.). Chicago Atlantic BDC, Inc. runs the higher net margin — -6.5% vs -2989.8%, a 2983.2% gap on every dollar of revenue. On growth, EQUUS TOTAL RETURN, INC. posted the faster year-over-year revenue change (906.3% vs -8.0%).
EQUUS TOTAL RETURN, INC. is a US-based publicly traded business development company. It offers debt and equity financing to lower middle-market enterprises across diverse sectors, supporting management buyouts, growth capital needs, and recapitalizations, targeting stable risk-adjusted returns for shareholders.
Chicago Atlantic BDC, Inc. is a publicly traded business development company that provides structured debt financing and select minority equity investments to small and mid-sized private companies across core U.S. sectors including healthcare, business services and industrial goods. It targets firms with stable operational track records to generate consistent risk-adjusted returns for its shareholders.
EQS vs LIEN — Head-to-Head
Income Statement — Q3 2024 vs Q3 2024
| Metric | | |
|---|---|---|
| Revenue | $322.0K | $2.5M |
| Net Profit | $-9.6M | $-165.0K |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -2989.8% | -6.5% |
| Revenue YoY | 906.3% | -8.0% |
| Net Profit YoY | -236.0% | 93.8% |
| EPS (diluted) | $-0.70 | $-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.
| Q3 24 | $322.0K | $2.5M | ||
| Q2 24 | $319.0K | $2.6M | ||
| Q1 24 | — | $2.6M | ||
| Q4 23 | — | $3.3M | ||
| Q3 23 | $32.0K | $2.8M | ||
| Q2 23 | $8.0K | $2.6M | ||
| Q1 23 | — | $2.3M | ||
| Q3 22 | $0 | — |
| Q3 24 | $-9.6M | $-165.0K | ||
| Q2 24 | $3.9M | $1.3M | ||
| Q1 24 | — | $-1.0M | ||
| Q4 23 | — | $6.4M | ||
| Q3 23 | $7.1M | $-2.6M | ||
| Q2 23 | $5.9M | $1.2M | ||
| Q1 23 | — | $2.4M | ||
| Q3 22 | $-925.0K | — |
| Q3 24 | -2989.8% | -6.5% | ||
| Q2 24 | 1222.6% | 50.1% | ||
| Q1 24 | — | -40.0% | ||
| Q4 23 | — | 197.3% | ||
| Q3 23 | 22115.6% | -95.8% | ||
| Q2 23 | 74312.5% | 46.6% | ||
| Q1 23 | — | 101.7% | ||
| Q3 22 | — | — |
| Q3 24 | $-0.70 | $-0.03 | ||
| Q2 24 | $0.29 | $0.21 | ||
| Q1 24 | — | $0.08 | ||
| Q4 23 | — | $0.41 | ||
| Q3 23 | $0.52 | $0.20 | ||
| Q2 23 | $0.44 | $0.19 | ||
| Q1 23 | — | $0.38 | ||
| Q3 22 | $-0.07 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1M | $30.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $40.2M | $82.5M |
| Total Assets | $95.5M | $89.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 24 | $1.1M | $30.1M | ||
| Q2 24 | $1.9M | $34.0M | ||
| Q1 24 | — | $33.2M | ||
| Q4 23 | — | $32.6M | ||
| Q3 23 | $31.7M | $29.8M | ||
| Q2 23 | $29.4M | $32.9M | ||
| Q1 23 | — | $32.5M | ||
| Q3 22 | $24.1M | — |
| Q3 24 | $40.2M | $82.5M | ||
| Q2 24 | $49.8M | $84.3M | ||
| Q1 24 | — | $84.5M | ||
| Q4 23 | — | $85.6M | ||
| Q3 23 | $47.1M | $87.4M | ||
| Q2 23 | $40.1M | $90.0M | ||
| Q1 23 | — | $88.8M | ||
| Q3 22 | $36.2M | — |
| Q3 24 | $95.5M | $89.3M | ||
| Q2 24 | $103.8M | $90.1M | ||
| Q1 24 | — | $90.4M | ||
| Q4 23 | — | $88.6M | ||
| Q3 23 | $65.5M | $89.2M | ||
| Q2 23 | $53.1M | $91.3M | ||
| Q1 23 | — | $90.0M | ||
| Q3 22 | $40.6M | — |
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 | $-1.8M | $-2.3M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 24 | $-1.8M | $-2.3M | ||
| Q2 24 | $-2.1M | $2.5M | ||
| Q1 24 | — | $2.1M | ||
| Q4 23 | — | $7.1M | ||
| Q3 23 | $-7.7M | $840.2K | ||
| Q2 23 | $-4.3M | $351.6K | ||
| Q1 23 | — | $-2.6M | ||
| Q3 22 | $-1.5M | — |
| Q3 24 | — | — | ||
| Q2 24 | -0.55× | 1.92× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | 1.11× | ||
| Q3 23 | -1.09× | — | ||
| Q2 23 | -0.72× | 0.29× | ||
| Q1 23 | — | -1.10× | ||
| Q3 22 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
