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Side-by-side financial comparison of Elite Express Holding Inc. (ETS) and Tenon Medical, Inc. (TNON). Click either name above to swap in a different company.

Tenon Medical, Inc. is the larger business by last-quarter revenue ($1.5M vs $805.3K, roughly 1.8× Elite Express Holding Inc.). Elite Express Holding Inc. runs the higher net margin — -13.7% vs -191.2%, a 177.5% gap on every dollar of revenue.

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

Tenon Medical, Inc. is a specialized medical device company engaged in the R&D, production and commercialization of innovative orthopedic products including surgical instruments and implant systems, with core focus on the spinal surgery and minimally invasive musculoskeletal treatment segments, primarily serving healthcare markets in the U.S. and Europe.

ETS vs TNON — Head-to-Head

Bigger by revenue
TNON
TNON
1.8× larger
TNON
$1.5M
$805.3K
ETS
Higher net margin
ETS
ETS
177.5% more per $
ETS
-13.7%
-191.2%
TNON

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ETS
ETS
TNON
TNON
Revenue
$805.3K
$1.5M
Net Profit
$-110.1K
$-2.8M
Gross Margin
19.5%
68.7%
Operating Margin
-38.2%
-193.5%
Net Margin
-13.7%
-191.2%
Revenue YoY
92.3%
Net Profit YoY
8.3%
EPS (diluted)
$-0.01
$0.07

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
ETS
ETS
TNON
TNON
Q1 26
$805.3K
Q4 25
$1.5M
Q3 25
$633.9K
$1.2M
Q2 25
$564.0K
Q1 25
$726.0K
Q4 24
$770.0K
Q3 24
$887.0K
Q2 24
$901.0K
Net Profit
ETS
ETS
TNON
TNON
Q1 26
$-110.1K
Q4 25
$-2.8M
Q3 25
$-185.9K
$-3.3M
Q2 25
$-2.8M
Q1 25
$-3.6M
Q4 24
$-3.1M
Q3 24
$-3.2M
Q2 24
$-3.8M
Gross Margin
ETS
ETS
TNON
TNON
Q1 26
19.5%
Q4 25
68.7%
Q3 25
1.1%
65.9%
Q2 25
43.4%
Q1 25
44.5%
Q4 24
45.8%
Q3 24
47.1%
Q2 24
52.2%
Operating Margin
ETS
ETS
TNON
TNON
Q1 26
-38.2%
Q4 25
-193.5%
Q3 25
-22.8%
-289.2%
Q2 25
-506.6%
Q1 25
-506.5%
Q4 24
-412.1%
Q3 24
-362.5%
Q2 24
-429.7%
Net Margin
ETS
ETS
TNON
TNON
Q1 26
-13.7%
Q4 25
-191.2%
Q3 25
-29.3%
-284.7%
Q2 25
-491.0%
Q1 25
-498.1%
Q4 24
-400.9%
Q3 24
-359.0%
Q2 24
-424.6%
EPS (diluted)
ETS
ETS
TNON
TNON
Q1 26
$-0.01
Q4 25
$0.07
Q3 25
$-0.01
$-0.40
Q2 25
$-0.36
Q1 25
$-1.01
Q4 24
$10.55
Q3 24
$-3.63
Q2 24
$-8.16

Balance Sheet & Financial Strength

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

Metric
ETS
ETS
TNON
TNON
Cash + ST InvestmentsLiquidity on hand
$68.1K
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$13.1M
$5.0M
Total Assets
$13.4M
$10.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETS
ETS
TNON
TNON
Q1 26
$68.1K
Q4 25
$3.8M
Q3 25
$13.6M
$3.4M
Q2 25
$7.8M
Q1 25
$10.3M
Q4 24
$6.5M
Q3 24
$9.2M
Q2 24
$2.0M
Stockholders' Equity
ETS
ETS
TNON
TNON
Q1 26
$13.1M
Q4 25
$5.0M
Q3 25
$14.9M
$4.8M
Q2 25
$6.7M
Q1 25
$9.4M
Q4 24
$6.0M
Q3 24
$8.2M
Q2 24
$832.0K
Total Assets
ETS
ETS
TNON
TNON
Q1 26
$13.4M
Q4 25
$10.8M
Q3 25
$15.2M
$10.4M
Q2 25
$11.1M
Q1 25
$13.4M
Q4 24
$9.8M
Q3 24
$13.0M
Q2 24
$6.0M

Cash Flow & Capital Efficiency

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

Metric
ETS
ETS
TNON
TNON
Operating Cash FlowLast quarter
$-1.2M
$-2.2M
Free Cash FlowOCF − Capex
$-1.3M
FCF MarginFCF / Revenue
-155.9%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETS
ETS
TNON
TNON
Q1 26
$-1.2M
Q4 25
$-2.2M
Q3 25
$-3.8M
Q2 25
$-2.2M
Q1 25
$-2.5M
Q4 24
$-2.8M
Q3 24
$-2.3M
Q2 24
$-2.4M
Free Cash Flow
ETS
ETS
TNON
TNON
Q1 26
$-1.3M
Q4 25
Q3 25
$-3.9M
Q2 25
Q1 25
Q4 24
$-2.8M
Q3 24
$-2.4M
Q2 24
FCF Margin
ETS
ETS
TNON
TNON
Q1 26
-155.9%
Q4 25
Q3 25
-335.5%
Q2 25
Q1 25
Q4 24
-365.5%
Q3 24
-275.9%
Q2 24
Capex Intensity
ETS
ETS
TNON
TNON
Q1 26
0.8%
Q4 25
Q3 25
9.5%
Q2 25
Q1 25
Q4 24
4.8%
Q3 24
11.7%
Q2 24
0.0%

Financial Flow Comparison

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

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