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Side-by-side financial comparison of FIRST CAPITAL INC (FCAP) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $13.5M, roughly 1.3× FIRST CAPITAL INC). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 36.2%, a 31.1% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 19.0%).

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

FCAP vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.3× larger
SLGL
$17.3M
$13.5M
FCAP
Growing faster (revenue YoY)
SLGL
SLGL
+198.7% gap
SLGL
217.7%
19.0%
FCAP
Higher net margin
SLGL
SLGL
31.1% more per $
SLGL
67.3%
36.2%
FCAP

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FCAP
FCAP
SLGL
SLGL
Revenue
$13.5M
$17.3M
Net Profit
$4.9M
$11.6M
Gross Margin
Operating Margin
65.1%
Net Margin
36.2%
67.3%
Revenue YoY
19.0%
217.7%
Net Profit YoY
49.6%
487.6%
EPS (diluted)
$1.45
$4.17

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
FCAP
FCAP
SLGL
SLGL
Q4 25
$13.5M
Q3 25
$13.3M
Q2 25
$12.4M
$17.3M
Q1 25
$11.4M
Q4 24
$11.3M
Q3 24
$10.9M
Q2 24
$10.7M
$5.4M
Q1 24
$10.5M
Net Profit
FCAP
FCAP
SLGL
SLGL
Q4 25
$4.9M
Q3 25
$4.5M
Q2 25
$3.8M
$11.6M
Q1 25
$3.2M
Q4 24
$3.3M
Q3 24
$2.9M
Q2 24
$2.8M
$2.0M
Q1 24
$3.0M
Operating Margin
FCAP
FCAP
SLGL
SLGL
Q4 25
Q3 25
41.8%
Q2 25
37.2%
65.1%
Q1 25
34.2%
Q4 24
34.8%
Q3 24
31.5%
Q2 24
31.1%
29.9%
Q1 24
33.0%
Net Margin
FCAP
FCAP
SLGL
SLGL
Q4 25
36.2%
Q3 25
33.8%
Q2 25
30.4%
67.3%
Q1 25
28.3%
Q4 24
28.8%
Q3 24
26.5%
Q2 24
26.5%
36.4%
Q1 24
28.1%
EPS (diluted)
FCAP
FCAP
SLGL
SLGL
Q4 25
$1.45
Q3 25
$1.34
Q2 25
$1.13
$4.17
Q1 25
$0.97
Q4 24
$0.97
Q3 24
$0.87
Q2 24
$0.85
$0.71
Q1 24
$0.88

Balance Sheet & Financial Strength

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

Metric
FCAP
FCAP
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$137.8M
$31.9M
Total Assets
$1.3B
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCAP
FCAP
SLGL
SLGL
Q4 25
Q3 25
Q2 25
$24.3M
Q1 25
Q4 24
Q3 24
Q2 24
$26.5M
Q1 24
Stockholders' Equity
FCAP
FCAP
SLGL
SLGL
Q4 25
$137.8M
Q3 25
$132.4M
Q2 25
$123.2M
$31.9M
Q1 25
$120.1M
Q4 24
$114.6M
Q3 24
$116.8M
Q2 24
$107.8M
$34.9M
Q1 24
$105.7M
Total Assets
FCAP
FCAP
SLGL
SLGL
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
$39.3M
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
$42.0M
Q1 24
$1.2B

Cash Flow & Capital Efficiency

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

Metric
FCAP
FCAP
SLGL
SLGL
Operating Cash FlowLast quarter
$21.3M
Free Cash FlowOCF − Capex
$19.9M
FCF MarginFCF / Revenue
147.7%
Capex IntensityCapex / Revenue
10.0%
Cash ConversionOCF / Net Profit
4.36×
TTM Free Cash FlowTrailing 4 quarters
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCAP
FCAP
SLGL
SLGL
Q4 25
$21.3M
Q3 25
$7.9M
Q2 25
$3.7M
Q1 25
$4.4M
Q4 24
$22.3M
Q3 24
$7.6M
Q2 24
$3.5M
Q1 24
$7.2M
Free Cash Flow
FCAP
FCAP
SLGL
SLGL
Q4 25
$19.9M
Q3 25
$7.8M
Q2 25
$3.5M
Q1 25
$4.2M
Q4 24
$21.6M
Q3 24
$7.5M
Q2 24
$3.3M
Q1 24
$7.1M
FCF Margin
FCAP
FCAP
SLGL
SLGL
Q4 25
147.7%
Q3 25
58.6%
Q2 25
27.8%
Q1 25
36.5%
Q4 24
190.7%
Q3 24
68.6%
Q2 24
31.2%
Q1 24
67.2%
Capex Intensity
FCAP
FCAP
SLGL
SLGL
Q4 25
10.0%
Q3 25
1.2%
Q2 25
2.2%
Q1 25
1.9%
Q4 24
6.3%
Q3 24
0.8%
Q2 24
1.4%
Q1 24
1.5%
Cash Conversion
FCAP
FCAP
SLGL
SLGL
Q4 25
4.36×
Q3 25
1.77×
Q2 25
0.99×
Q1 25
1.36×
Q4 24
6.84×
Q3 24
2.62×
Q2 24
1.23×
Q1 24
2.45×

Financial Flow Comparison

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

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