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Side-by-side financial comparison of Fatpipe Inc (FATN) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.
Fatpipe Inc is the larger business by last-quarter revenue ($4.1M vs $2.9M, roughly 1.4× TOP Financial Group Ltd). Fatpipe Inc runs the higher net margin — 7.6% vs 6.6%, a 1.0% gap on every dollar of revenue.
Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.
FATN vs TOP — Head-to-Head
Income Statement — Q3 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $2.9M |
| Net Profit | $310.7K | $190.5K |
| Gross Margin | 87.7% | — |
| Operating Margin | 9.8% | — |
| Net Margin | 7.6% | 6.6% |
| Revenue YoY | 3.2% | — |
| Net Profit YoY | 816.0% | — |
| EPS (diluted) | $0.02 | — |
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 | $4.1M | — | ||
| Q3 25 | $4.0M | $2.9M | ||
| Q2 25 | $3.9M | — |
| Q4 25 | $310.7K | — | ||
| Q3 25 | $-43.4K | $190.5K | ||
| Q2 25 | $741.2K | — |
| Q4 25 | 87.7% | — | ||
| Q3 25 | 92.1% | — | ||
| Q2 25 | 94.2% | — |
| Q4 25 | 9.8% | — | ||
| Q3 25 | -0.0% | — | ||
| Q2 25 | 25.5% | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -1.1% | 6.6% | ||
| Q2 25 | 18.8% | — |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.00 | — | ||
| Q2 25 | $0.05 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $14.8M |
| Total DebtLower is stronger | $4.6M | — |
| Stockholders' EquityBook value | $21.2M | $35.0M |
| Total Assets | $32.4M | $64.1M |
| Debt / EquityLower = less leverage | 0.22× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $14.8M | ||
| Q2 25 | — | — |
| Q4 25 | $4.6M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — |
| Q4 25 | $21.2M | — | ||
| Q3 25 | $21.0M | $35.0M | ||
| Q2 25 | $20.4M | — |
| Q4 25 | $32.4M | — | ||
| Q3 25 | $32.2M | $64.1M | ||
| Q2 25 | $32.0M | — |
| Q4 25 | 0.22× | — | ||
| Q3 25 | 0.23× | — | ||
| Q2 25 | 0.24× | — |
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 | $240.9K | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 0.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $240.9K | — | ||
| Q3 25 | $399.8K | — | ||
| Q2 25 | $-508.6K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-551.1K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -14.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.1% | — |
| Q4 25 | 0.78× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.69× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FATN
| Products | $2.6M | 63% |
| Other | $1.5M | 37% |
TOP
Segment breakdown not available.
