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Side-by-side financial comparison of FIRST CAPITAL INC (FCAP) and TRX GOLD Corp (TRX). Click either name above to swap in a different company.

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $13.5M, roughly 1.9× FIRST CAPITAL INC). FIRST CAPITAL INC runs the higher net margin — 36.2% vs -2.0%, a 38.2% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 19.0%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs 13.4%).

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.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

FCAP vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.9× larger
TRX
$25.1M
$13.5M
FCAP
Growing faster (revenue YoY)
TRX
TRX
+81.5% gap
TRX
100.5%
19.0%
FCAP
Higher net margin
FCAP
FCAP
38.2% more per $
FCAP
36.2%
-2.0%
TRX
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
13.4%
FCAP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FCAP
FCAP
TRX
TRX
Revenue
$13.5M
$25.1M
Net Profit
$4.9M
$-496.0K
Gross Margin
56.6%
Operating Margin
Net Margin
36.2%
-2.0%
Revenue YoY
19.0%
100.5%
Net Profit YoY
49.6%
-123.2%
EPS (diluted)
$1.45
$-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
FCAP
FCAP
TRX
TRX
Q4 25
$13.5M
$25.1M
Q3 25
$13.3M
Q2 25
$12.4M
$12.5M
Q1 25
$11.4M
$9.1M
Q4 24
$11.3M
$12.5M
Q3 24
$10.9M
Q2 24
$10.7M
$10.1M
Q1 24
$10.5M
$8.0M
Net Profit
FCAP
FCAP
TRX
TRX
Q4 25
$4.9M
$-496.0K
Q3 25
$4.5M
Q2 25
$3.8M
$1.1M
Q1 25
$3.2M
$-1.9M
Q4 24
$3.3M
$2.1M
Q3 24
$2.9M
Q2 24
$2.8M
$-1.7M
Q1 24
$3.0M
$1.9M
Gross Margin
FCAP
FCAP
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
FCAP
FCAP
TRX
TRX
Q4 25
Q3 25
41.8%
Q2 25
37.2%
Q1 25
34.2%
Q4 24
34.8%
Q3 24
31.5%
Q2 24
31.1%
Q1 24
33.0%
Net Margin
FCAP
FCAP
TRX
TRX
Q4 25
36.2%
-2.0%
Q3 25
33.8%
Q2 25
30.4%
8.9%
Q1 25
28.3%
-21.3%
Q4 24
28.8%
17.1%
Q3 24
26.5%
Q2 24
26.5%
-16.3%
Q1 24
28.1%
24.1%
EPS (diluted)
FCAP
FCAP
TRX
TRX
Q4 25
$1.45
$-0.01
Q3 25
$1.34
Q2 25
$1.13
$0.00
Q1 25
$0.97
$-0.01
Q4 24
$0.97
$0.00
Q3 24
$0.87
Q2 24
$0.85
$-0.01
Q1 24
$0.88
$0.00

Balance Sheet & Financial Strength

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

Metric
FCAP
FCAP
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$137.8M
$74.5M
Total Assets
$1.3B
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCAP
FCAP
TRX
TRX
Q4 25
$9.2M
Q3 25
Q2 25
$3.6M
Q1 25
$6.0M
Q4 24
$6.8M
Q3 24
Q2 24
$7.7M
Q1 24
$8.0M
Stockholders' Equity
FCAP
FCAP
TRX
TRX
Q4 25
$137.8M
$74.5M
Q3 25
$132.4M
Q2 25
$123.2M
$69.0M
Q1 25
$120.1M
$67.5M
Q4 24
$114.6M
$68.4M
Q3 24
$116.8M
Q2 24
$107.8M
$62.5M
Q1 24
$105.7M
$63.9M
Total Assets
FCAP
FCAP
TRX
TRX
Q4 25
$1.3B
$129.6M
Q3 25
$1.2B
Q2 25
$1.2B
$112.3M
Q1 25
$1.2B
$106.7M
Q4 24
$1.2B
$102.6M
Q3 24
$1.2B
Q2 24
$1.2B
$92.6M
Q1 24
$1.2B
$88.2M

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
TRX
TRX
Operating Cash FlowLast quarter
$21.3M
$4.0M
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
TRX
TRX
Q4 25
$21.3M
$4.0M
Q3 25
$7.9M
Q2 25
$3.7M
$3.4M
Q1 25
$4.4M
$2.0M
Q4 24
$22.3M
$2.4M
Q3 24
$7.6M
Q2 24
$3.5M
$3.1M
Q1 24
$7.2M
$1.0M
Free Cash Flow
FCAP
FCAP
TRX
TRX
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
TRX
TRX
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
TRX
TRX
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
TRX
TRX
Q4 25
4.36×
Q3 25
1.77×
Q2 25
0.99×
3.10×
Q1 25
1.36×
Q4 24
6.84×
1.11×
Q3 24
2.62×
Q2 24
1.23×
Q1 24
2.45×
0.54×

Financial Flow Comparison

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

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