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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and JOINT Corp (JYNT). Click either name above to swap in a different company.

JOINT Corp is the larger business by last-quarter revenue ($15.2M vs $13.8M, roughly 1.1× FENNEC PHARMACEUTICALS INC.). JOINT Corp runs the higher net margin — 6.5% vs -34.7%, a 41.3% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 3.1%). Over the past eight quarters, FENNEC PHARMACEUTICALS INC.'s revenue compounded faster (-26.3% CAGR vs -28.6%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.

FENC vs JYNT — Head-to-Head

Bigger by revenue
JYNT
JYNT
1.1× larger
JYNT
$15.2M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+70.8% gap
FENC
73.8%
3.1%
JYNT
Higher net margin
JYNT
JYNT
41.3% more per $
JYNT
6.5%
-34.7%
FENC
Faster 2-yr revenue CAGR
FENC
FENC
Annualised
FENC
-26.3%
-28.6%
JYNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
JYNT
JYNT
Revenue
$13.8M
$15.2M
Net Profit
$-4.8M
$991.1K
Gross Margin
81.4%
Operating Margin
-18.5%
4.9%
Net Margin
-34.7%
6.5%
Revenue YoY
73.8%
3.1%
Net Profit YoY
-141.1%
5510.5%
EPS (diluted)
$-0.17
$0.06

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
FENC
FENC
JYNT
JYNT
Q4 25
$13.8M
$15.2M
Q3 25
$12.5M
$13.4M
Q2 25
$9.7M
$13.3M
Q1 25
$8.8M
$13.1M
Q4 24
$7.9M
$14.7M
Q3 24
$7.0M
$30.2M
Q2 24
$7.3M
$30.3M
Q1 24
$25.4M
$29.7M
Net Profit
FENC
FENC
JYNT
JYNT
Q4 25
$-4.8M
$991.1K
Q3 25
$-638.0K
$855.0K
Q2 25
$-3.2M
$93.4K
Q1 25
$-1.2M
$967.8K
Q4 24
$-2.0M
$17.7K
Q3 24
$-5.7M
$-3.2M
Q2 24
$-5.6M
$-3.6M
Q1 24
$12.8M
$947.0K
Gross Margin
FENC
FENC
JYNT
JYNT
Q4 25
81.4%
Q3 25
80.1%
Q2 25
79.1%
Q1 25
77.3%
Q4 24
78.4%
Q3 24
90.7%
Q2 24
90.7%
Q1 24
90.9%
Operating Margin
FENC
FENC
JYNT
JYNT
Q4 25
-18.5%
4.9%
Q3 25
-1.5%
1.2%
Q2 25
-28.3%
-8.6%
Q1 25
-9.2%
-5.2%
Q4 24
-11.8%
5.5%
Q3 24
-74.6%
-1.6%
Q2 24
-69.4%
-5.9%
Q1 24
54.2%
-1.4%
Net Margin
FENC
FENC
JYNT
JYNT
Q4 25
-34.7%
6.5%
Q3 25
-5.1%
6.4%
Q2 25
-32.7%
0.7%
Q1 25
-13.3%
7.4%
Q4 24
-25.0%
0.1%
Q3 24
-82.2%
-10.5%
Q2 24
-76.5%
-11.9%
Q1 24
50.6%
3.2%
EPS (diluted)
FENC
FENC
JYNT
JYNT
Q4 25
$-0.17
$0.06
Q3 25
$-0.02
$0.06
Q2 25
$-0.11
$0.01
Q1 25
$-0.04
$0.06
Q4 24
$-0.02
$0.01
Q3 24
$-0.21
$-0.21
Q2 24
$-0.20
$-0.24
Q1 24
$0.41
$0.06

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
JYNT
JYNT
Cash + ST InvestmentsLiquidity on hand
$36.8M
$23.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$15.1M
Total Assets
$70.6M
$61.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
JYNT
JYNT
Q4 25
$36.8M
$23.6M
Q3 25
$21.9M
$29.7M
Q2 25
$18.7M
$29.8M
Q1 25
$22.7M
$21.9M
Q4 24
$26.6M
$25.1M
Q3 24
$40.3M
$20.7M
Q2 24
$43.1M
$17.5M
Q1 24
$51.2M
$18.7M
Total Debt
FENC
FENC
JYNT
JYNT
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
JYNT
JYNT
Q4 25
$35.5M
$15.1M
Q3 25
$-4.5M
$22.7M
Q2 25
$-7.5M
$23.2M
Q1 25
$-5.9M
$22.8M
Q4 24
$-5.9M
$20.7M
Q3 24
$-5.2M
$20.5M
Q2 24
$-1.4M
$23.2M
Q1 24
$3.0M
$26.2M
Total Assets
FENC
FENC
JYNT
JYNT
Q4 25
$70.6M
$61.0M
Q3 25
$49.3M
$69.4M
Q2 25
$44.9M
$73.2M
Q1 25
$46.4M
$80.1M
Q4 24
$44.9M
$83.2M
Q3 24
$58.9M
$79.6M
Q2 24
$63.2M
$82.4M
Q1 24
$69.2M
$85.7M
Debt / Equity
FENC
FENC
JYNT
JYNT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
FENC
FENC
JYNT
JYNT
Operating Cash FlowLast quarter
$-6.0M
$1.8M
Free Cash FlowOCF − Capex
$334.7K
FCF MarginFCF / Revenue
2.2%
Capex IntensityCapex / Revenue
9.9%
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters
$-1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
JYNT
JYNT
Q4 25
$-6.0M
$1.8M
Q3 25
$1.5M
$1.8M
Q2 25
$-3.7M
$868.6K
Q1 25
$-4.3M
$-3.7M
Q4 24
$-1.5M
$9.4M
Q3 24
$-2.2M
$3.4M
Q2 24
$-8.4M
$-973.5K
Q1 24
$39.0M
$2.8M
Free Cash Flow
FENC
FENC
JYNT
JYNT
Q4 25
$334.7K
Q3 25
$1.5M
Q2 25
$363.6K
Q1 25
$-4.0M
Q4 24
$8.2M
Q3 24
$3.2M
Q2 24
$-1.2M
Q1 24
$2.4M
FCF Margin
FENC
FENC
JYNT
JYNT
Q4 25
2.2%
Q3 25
10.9%
Q2 25
2.7%
Q1 25
-30.8%
Q4 24
55.9%
Q3 24
10.6%
Q2 24
-4.1%
Q1 24
8.1%
Capex Intensity
FENC
FENC
JYNT
JYNT
Q4 25
9.9%
Q3 25
2.4%
Q2 25
3.8%
Q1 25
2.5%
Q4 24
8.1%
Q3 24
0.8%
Q2 24
0.9%
Q1 24
1.3%
Cash Conversion
FENC
FENC
JYNT
JYNT
Q4 25
1.86×
Q3 25
2.07×
Q2 25
9.30×
Q1 25
-3.82×
Q4 24
532.98×
Q3 24
Q2 24
Q1 24
3.04×
2.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FENC
FENC

Segment breakdown not available.

JYNT
JYNT

Transferred At Point In Time$12.8M84%
Transferred Over Time$2.4M16%

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