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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $13.8M, roughly 1.6× FENNEC PHARMACEUTICALS INC.). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -34.7%, a 35.5% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 22.9%). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs -26.3%).

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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

FENC vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.6× larger
RFIL
$22.7M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+50.9% gap
FENC
73.8%
22.9%
RFIL
Higher net margin
RFIL
RFIL
35.5% more per $
RFIL
0.8%
-34.7%
FENC
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
RFIL
RFIL
Revenue
$13.8M
$22.7M
Net Profit
$-4.8M
$173.0K
Gross Margin
36.8%
Operating Margin
-18.5%
4.0%
Net Margin
-34.7%
0.8%
Revenue YoY
73.8%
22.9%
Net Profit YoY
-141.1%
172.7%
EPS (diluted)
$-0.17
$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
FENC
FENC
RFIL
RFIL
Q4 25
$13.8M
$22.7M
Q3 25
$12.5M
$19.8M
Q2 25
$9.7M
$18.9M
Q1 25
$8.8M
$19.2M
Q4 24
$7.9M
$18.5M
Q3 24
$7.0M
$16.8M
Q2 24
$7.3M
$16.1M
Q1 24
$25.4M
$13.5M
Net Profit
FENC
FENC
RFIL
RFIL
Q4 25
$-4.8M
$173.0K
Q3 25
$-638.0K
$392.0K
Q2 25
$-3.2M
$-245.0K
Q1 25
$-1.2M
$-245.0K
Q4 24
$-2.0M
$-238.0K
Q3 24
$-5.7M
$-705.0K
Q2 24
$-5.6M
$-4.3M
Q1 24
$12.8M
$-1.4M
Gross Margin
FENC
FENC
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
FENC
FENC
RFIL
RFIL
Q4 25
-18.5%
4.0%
Q3 25
-1.5%
3.6%
Q2 25
-28.3%
0.6%
Q1 25
-9.2%
0.3%
Q4 24
-11.8%
0.5%
Q3 24
-74.6%
-2.5%
Q2 24
-69.4%
-2.6%
Q1 24
54.2%
-15.5%
Net Margin
FENC
FENC
RFIL
RFIL
Q4 25
-34.7%
0.8%
Q3 25
-5.1%
2.0%
Q2 25
-32.7%
-1.3%
Q1 25
-13.3%
-1.3%
Q4 24
-25.0%
-1.3%
Q3 24
-82.2%
-4.2%
Q2 24
-76.5%
-26.7%
Q1 24
50.6%
-10.1%
EPS (diluted)
FENC
FENC
RFIL
RFIL
Q4 25
$-0.17
$0.01
Q3 25
$-0.02
$0.04
Q2 25
$-0.11
$-0.02
Q1 25
$-0.04
$-0.02
Q4 24
$-0.02
$-0.02
Q3 24
$-0.21
$-0.07
Q2 24
$-0.20
$-0.41
Q1 24
$0.41
$-0.13

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$36.8M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$35.2M
Total Assets
$70.6M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
RFIL
RFIL
Q4 25
$36.8M
$5.1M
Q3 25
$21.9M
$3.0M
Q2 25
$18.7M
$3.6M
Q1 25
$22.7M
$1.3M
Q4 24
$26.6M
$839.0K
Q3 24
$40.3M
$1.8M
Q2 24
$43.1M
$1.4M
Q1 24
$51.2M
$4.5M
Total Debt
FENC
FENC
RFIL
RFIL
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
RFIL
RFIL
Q4 25
$35.5M
$35.2M
Q3 25
$-4.5M
$34.8M
Q2 25
$-7.5M
$34.2M
Q1 25
$-5.9M
$34.2M
Q4 24
$-5.9M
$34.1M
Q3 24
$-5.2M
$34.1M
Q2 24
$-1.4M
$34.6M
Q1 24
$3.0M
$38.7M
Total Assets
FENC
FENC
RFIL
RFIL
Q4 25
$70.6M
$73.0M
Q3 25
$49.3M
$73.2M
Q2 25
$44.9M
$72.7M
Q1 25
$46.4M
$70.4M
Q4 24
$44.9M
$71.0M
Q3 24
$58.9M
$71.9M
Q2 24
$63.2M
$72.8M
Q1 24
$69.2M
$79.1M
Debt / Equity
FENC
FENC
RFIL
RFIL
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
RFIL
RFIL
Operating Cash FlowLast quarter
$-6.0M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
RFIL
RFIL
Q4 25
$-6.0M
$2.1M
Q3 25
$1.5M
$-311.0K
Q2 25
$-3.7M
$2.2M
Q1 25
$-4.3M
$601.0K
Q4 24
$-1.5M
$-244.0K
Q3 24
$-2.2M
$2.4M
Q2 24
$-8.4M
$197.0K
Q1 24
$39.0M
$840.0K
Free Cash Flow
FENC
FENC
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$2.1M
Q2 24
$28.0K
Q1 24
$697.0K
FCF Margin
FENC
FENC
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
FENC
FENC
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
FENC
FENC
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
3.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FENC
FENC

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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