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Side-by-side financial comparison of Evolv Technologies Holdings, Inc. (EVLV) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

Evolv Technologies Holdings, Inc. is the larger business by last-quarter revenue ($38.5M vs $22.7M, roughly 1.7× R F INDUSTRIES LTD). Evolv Technologies Holdings, Inc. runs the higher net margin — 28.3% vs 0.8%, a 27.5% gap on every dollar of revenue. On growth, Evolv Technologies Holdings, Inc. posted the faster year-over-year revenue change (32.3% vs 22.9%). Over the past eight quarters, Evolv Technologies Holdings, Inc.'s revenue compounded faster (31.8% CAGR vs 29.8%).

Sentient Technologies was an American artificial intelligence technology company based in San Francisco. Sentient was founded in 2007 and received over $143 million in funding at different points after its inception. As of 2016, Sentient was the world's most well-funded AI company. It focused on e-commerce, online content and trading.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

EVLV vs RFIL — Head-to-Head

Bigger by revenue
EVLV
EVLV
1.7× larger
EVLV
$38.5M
$22.7M
RFIL
Growing faster (revenue YoY)
EVLV
EVLV
+9.4% gap
EVLV
32.3%
22.9%
RFIL
Higher net margin
EVLV
EVLV
27.5% more per $
EVLV
28.3%
0.8%
RFIL
Faster 2-yr revenue CAGR
EVLV
EVLV
Annualised
EVLV
31.8%
29.8%
RFIL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVLV
EVLV
RFIL
RFIL
Revenue
$38.5M
$22.7M
Net Profit
$10.9M
$173.0K
Gross Margin
48.4%
36.8%
Operating Margin
-20.7%
4.0%
Net Margin
28.3%
0.8%
Revenue YoY
32.3%
22.9%
Net Profit YoY
169.2%
172.7%
EPS (diluted)
$0.07
$0.01

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
EVLV
EVLV
RFIL
RFIL
Q4 25
$38.5M
$22.7M
Q3 25
$42.9M
$19.8M
Q2 25
$32.5M
$18.9M
Q1 25
$32.0M
$19.2M
Q4 24
$29.1M
$18.5M
Q3 24
$27.4M
$16.8M
Q2 24
$25.2M
$16.1M
Q1 24
$22.2M
$13.5M
Net Profit
EVLV
EVLV
RFIL
RFIL
Q4 25
$10.9M
$173.0K
Q3 25
$-1.8M
$392.0K
Q2 25
$-40.5M
$-245.0K
Q1 25
$-1.7M
$-245.0K
Q4 24
$-15.7M
$-238.0K
Q3 24
$-30.4M
$-705.0K
Q2 24
$3.4M
$-4.3M
Q1 24
$-11.3M
$-1.4M
Gross Margin
EVLV
EVLV
RFIL
RFIL
Q4 25
48.4%
36.8%
Q3 25
49.7%
34.0%
Q2 25
49.8%
31.5%
Q1 25
59.8%
29.8%
Q4 24
57.5%
31.3%
Q3 24
57.8%
29.5%
Q2 24
58.5%
29.9%
Q1 24
54.8%
24.5%
Operating Margin
EVLV
EVLV
RFIL
RFIL
Q4 25
-20.7%
4.0%
Q3 25
-20.1%
3.6%
Q2 25
-53.8%
0.6%
Q1 25
-45.0%
0.3%
Q4 24
-64.9%
0.5%
Q3 24
-70.0%
-2.5%
Q2 24
-88.7%
-2.6%
Q1 24
-98.8%
-15.5%
Net Margin
EVLV
EVLV
RFIL
RFIL
Q4 25
28.3%
0.8%
Q3 25
-4.2%
2.0%
Q2 25
-124.6%
-1.3%
Q1 25
-5.3%
-1.3%
Q4 24
-54.0%
-1.3%
Q3 24
-111.3%
-4.2%
Q2 24
13.6%
-26.7%
Q1 24
-50.8%
-10.1%
EPS (diluted)
EVLV
EVLV
RFIL
RFIL
Q4 25
$0.07
$0.01
Q3 25
$-0.01
$0.04
Q2 25
$-0.25
$-0.02
Q1 25
$-0.01
$-0.02
Q4 24
$-0.10
$-0.02
Q3 24
$-0.19
$-0.07
Q2 24
$0.02
$-0.41
Q1 24
$-0.07
$-0.13

Balance Sheet & Financial Strength

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

Metric
EVLV
EVLV
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$49.1M
$5.1M
Total DebtLower is stronger
$28.6M
Stockholders' EquityBook value
$119.4M
$35.2M
Total Assets
$304.4M
$73.0M
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVLV
EVLV
RFIL
RFIL
Q4 25
$49.1M
$5.1M
Q3 25
$56.2M
$3.0M
Q2 25
$36.9M
$3.6M
Q1 25
$35.0M
$1.3M
Q4 24
$51.9M
$839.0K
Q3 24
$56.0M
$1.8M
Q2 24
$56.5M
$1.4M
Q1 24
$81.0M
$4.5M
Total Debt
EVLV
EVLV
RFIL
RFIL
Q4 25
$28.6M
Q3 25
$28.5M
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EVLV
EVLV
RFIL
RFIL
Q4 25
$119.4M
$35.2M
Q3 25
$102.2M
$34.8M
Q2 25
$92.7M
$34.2M
Q1 25
$121.1M
$34.2M
Q4 24
$117.7M
$34.1M
Q3 24
$129.0M
$34.1M
Q2 24
$151.2M
$34.6M
Q1 24
$139.8M
$38.7M
Total Assets
EVLV
EVLV
RFIL
RFIL
Q4 25
$304.4M
$73.0M
Q3 25
$304.3M
$73.2M
Q2 25
$280.4M
$72.7M
Q1 25
$256.0M
$70.4M
Q4 24
$268.1M
$71.0M
Q3 24
$278.5M
$71.9M
Q2 24
$269.1M
$72.8M
Q1 24
$280.0M
$79.1M
Debt / Equity
EVLV
EVLV
RFIL
RFIL
Q4 25
0.24×
Q3 25
0.28×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EVLV
EVLV
RFIL
RFIL
Operating Cash FlowLast quarter
$15.6M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
1.43×
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVLV
EVLV
RFIL
RFIL
Q4 25
$15.6M
$2.1M
Q3 25
$3.5M
$-311.0K
Q2 25
$2.1M
$2.2M
Q1 25
$-2.5M
$601.0K
Q4 24
$3.2M
$-244.0K
Q3 24
$3.7M
$2.4M
Q2 24
$-21.6M
$197.0K
Q1 24
$-16.2M
$840.0K
Free Cash Flow
EVLV
EVLV
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$2.1M
Q2 24
$28.0K
Q1 24
$697.0K
FCF Margin
EVLV
EVLV
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
EVLV
EVLV
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
EVLV
EVLV
RFIL
RFIL
Q4 25
1.43×
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
-6.31×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVLV
EVLV

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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