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Side-by-side financial comparison of FIRST CAPITAL INC (FCAP) and VOX ROYALTY CORP. (VOXR). Click either name above to swap in a different company.

FIRST CAPITAL INC is the larger business by last-quarter revenue ($13.5M vs $9.3M, roughly 1.5× VOX ROYALTY CORP.). FIRST CAPITAL INC runs the higher net margin — 36.2% vs -7.4%, a 43.6% gap on every dollar of revenue. Over the past eight quarters, VOX ROYALTY CORP.'s revenue compounded faster (26.4% 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.

Vox Royalty Corp. is a specialized mining royalty and streaming company that provides upfront capital to mining project owners and operators, in exchange for a share of future commodity production revenue or physical output. Its portfolio includes gold, silver, copper and other critical minerals, with core operating markets spanning North America, Australia and Africa, catering to the global mining exploration and development sector.

FCAP vs VOXR — Head-to-Head

Bigger by revenue
FCAP
FCAP
1.5× larger
FCAP
$13.5M
$9.3M
VOXR
Higher net margin
FCAP
FCAP
43.6% more per $
FCAP
36.2%
-7.4%
VOXR
Faster 2-yr revenue CAGR
VOXR
VOXR
Annualised
VOXR
26.4%
13.4%
FCAP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FCAP
FCAP
VOXR
VOXR
Revenue
$13.5M
$9.3M
Net Profit
$4.9M
$-682.6K
Gross Margin
69.2%
Operating Margin
11.8%
Net Margin
36.2%
-7.4%
Revenue YoY
19.0%
Net Profit YoY
49.6%
EPS (diluted)
$1.45

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
VOXR
VOXR
Q4 25
$13.5M
Q3 25
$13.3M
$9.3M
Q2 25
$12.4M
$5.4M
Q1 25
$11.4M
$2.7M
Q4 24
$11.3M
Q3 24
$10.9M
$8.2M
Q2 24
$10.7M
$5.7M
Q1 24
$10.5M
$2.9M
Net Profit
FCAP
FCAP
VOXR
VOXR
Q4 25
$4.9M
Q3 25
$4.5M
$-682.6K
Q2 25
$3.8M
$-575.0K
Q1 25
$3.2M
$-241.4K
Q4 24
$3.3M
Q3 24
$2.9M
$316.9K
Q2 24
$2.8M
$-729.7K
Q1 24
$3.0M
$-681.2K
Gross Margin
FCAP
FCAP
VOXR
VOXR
Q4 25
Q3 25
69.2%
Q2 25
83.0%
Q1 25
90.1%
Q4 24
Q3 24
97.0%
Q2 24
83.8%
Q1 24
Operating Margin
FCAP
FCAP
VOXR
VOXR
Q4 25
Q3 25
41.8%
11.8%
Q2 25
37.2%
15.0%
Q1 25
34.2%
22.8%
Q4 24
34.8%
Q3 24
31.5%
28.5%
Q2 24
31.1%
7.4%
Q1 24
33.0%
32.7%
Net Margin
FCAP
FCAP
VOXR
VOXR
Q4 25
36.2%
Q3 25
33.8%
-7.4%
Q2 25
30.4%
-10.6%
Q1 25
28.3%
-9.0%
Q4 24
28.8%
Q3 24
26.5%
3.9%
Q2 24
26.5%
-12.8%
Q1 24
28.1%
-23.6%
EPS (diluted)
FCAP
FCAP
VOXR
VOXR
Q4 25
$1.45
Q3 25
$1.34
Q2 25
$1.13
Q1 25
$0.97
Q4 24
$0.97
Q3 24
$0.87
Q2 24
$0.85
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
VOXR
VOXR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$137.8M
Total Assets
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
FCAP
FCAP
VOXR
VOXR
Q4 25
$137.8M
Q3 25
$132.4M
Q2 25
$123.2M
Q1 25
$120.1M
Q4 24
$114.6M
Q3 24
$116.8M
Q2 24
$107.8M
Q1 24
$105.7M
Total Assets
FCAP
FCAP
VOXR
VOXR
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
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
VOXR
VOXR
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
VOXR
VOXR
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
VOXR
VOXR
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
VOXR
VOXR
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
VOXR
VOXR
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
VOXR
VOXR
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.

Revenue Breakdown by Segment

FCAP
FCAP

Segment breakdown not available.

VOXR
VOXR

Total$8.2M88%
Other$1.1M12%

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