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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and TRANSCONTINENTAL REALTY INVESTORS INC (TCI). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $12.1M, roughly 1.1× TRANSCONTINENTAL REALTY INVESTORS INC). TRANSCONTINENTAL REALTY INVESTORS INC runs the higher net margin — 68.8% vs -34.7%, a 103.5% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 2.3%). Over the past eight quarters, TRANSCONTINENTAL REALTY INVESTORS INC's revenue compounded faster (0.7% 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.

Transcontinental Realty Investors Inc. (TCI) is a U.S.-based real estate investment firm that owns, operates and develops a diversified portfolio of residential, commercial and mixed-use properties across core U.S. regional markets. It pursues long-term value growth via strategic property acquisitions, efficient asset management and tailored leasing solutions for individual and business tenants.

FENC vs TCI — Head-to-Head

Bigger by revenue
FENC
FENC
1.1× larger
FENC
$13.8M
$12.1M
TCI
Growing faster (revenue YoY)
FENC
FENC
+71.6% gap
FENC
73.8%
2.3%
TCI
Higher net margin
TCI
TCI
103.5% more per $
TCI
68.8%
-34.7%
FENC
Faster 2-yr revenue CAGR
TCI
TCI
Annualised
TCI
0.7%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
TCI
TCI
Revenue
$13.8M
$12.1M
Net Profit
$-4.8M
$8.3M
Gross Margin
Operating Margin
-18.5%
-28.9%
Net Margin
-34.7%
68.8%
Revenue YoY
73.8%
2.3%
Net Profit YoY
-141.1%
7577.8%
EPS (diluted)
$-0.17
$0.97

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
TCI
TCI
Q4 25
$13.8M
$12.1M
Q3 25
$12.5M
$12.8M
Q2 25
$9.7M
$12.2M
Q1 25
$8.8M
$12.0M
Q4 24
$7.9M
$11.8M
Q3 24
$7.0M
$11.6M
Q2 24
$7.3M
$11.8M
Q1 24
$25.4M
$11.9M
Net Profit
FENC
FENC
TCI
TCI
Q4 25
$-4.8M
$8.3M
Q3 25
$-638.0K
$724.0K
Q2 25
$-3.2M
$169.0K
Q1 25
$-1.2M
$4.6M
Q4 24
$-2.0M
$108.0K
Q3 24
$-5.7M
$1.7M
Q2 24
$-5.6M
$1.5M
Q1 24
$12.8M
$2.5M
Operating Margin
FENC
FENC
TCI
TCI
Q4 25
-18.5%
-28.9%
Q3 25
-1.5%
-10.9%
Q2 25
-28.3%
-6.8%
Q1 25
-9.2%
-5.3%
Q4 24
-11.8%
-14.3%
Q3 24
-74.6%
-14.4%
Q2 24
-69.4%
-9.2%
Q1 24
54.2%
-11.2%
Net Margin
FENC
FENC
TCI
TCI
Q4 25
-34.7%
68.8%
Q3 25
-5.1%
5.6%
Q2 25
-32.7%
1.4%
Q1 25
-13.3%
38.5%
Q4 24
-25.0%
0.9%
Q3 24
-82.2%
14.7%
Q2 24
-76.5%
12.7%
Q1 24
50.6%
21.4%
EPS (diluted)
FENC
FENC
TCI
TCI
Q4 25
$-0.17
$0.97
Q3 25
$-0.02
$0.08
Q2 25
$-0.11
$0.02
Q1 25
$-0.04
$0.53
Q4 24
$-0.02
$0.01
Q3 24
$-0.21
$0.20
Q2 24
$-0.20
$0.17
Q1 24
$0.41
$0.30

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
TCI
TCI
Cash + ST InvestmentsLiquidity on hand
$36.8M
$89.0M
Total DebtLower is stronger
$210.8M
Stockholders' EquityBook value
$35.5M
$846.7M
Total Assets
$70.6M
$1.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
TCI
TCI
Q4 25
$36.8M
$89.0M
Q3 25
$21.9M
$82.7M
Q2 25
$18.7M
$73.5M
Q1 25
$22.7M
$88.6M
Q4 24
$26.6M
$99.7M
Q3 24
$40.3M
$131.6M
Q2 24
$43.1M
$127.5M
Q1 24
$51.2M
$130.8M
Total Debt
FENC
FENC
TCI
TCI
Q4 25
$210.8M
Q3 25
$19.4M
$223.5M
Q2 25
$19.4M
$212.4M
Q1 25
$19.4M
$198.2M
Q4 24
$19.3M
$181.9M
Q3 24
$32.1M
$180.3M
Q2 24
$31.8M
$177.4M
Q1 24
$31.3M
$178.3M
Stockholders' Equity
FENC
FENC
TCI
TCI
Q4 25
$35.5M
$846.7M
Q3 25
$-4.5M
$838.4M
Q2 25
$-7.5M
$837.7M
Q1 25
$-5.9M
$837.3M
Q4 24
$-5.9M
$832.3M
Q3 24
$-5.2M
$832.2M
Q2 24
$-1.4M
$830.4M
Q1 24
$3.0M
$828.9M
Total Assets
FENC
FENC
TCI
TCI
Q4 25
$70.6M
$1.1B
Q3 25
$49.3M
$1.1B
Q2 25
$44.9M
$1.1B
Q1 25
$46.4M
$1.1B
Q4 24
$44.9M
$1.1B
Q3 24
$58.9M
$1.1B
Q2 24
$63.2M
$1.0B
Q1 24
$69.2M
$1.0B
Debt / Equity
FENC
FENC
TCI
TCI
Q4 25
0.25×
Q3 25
0.27×
Q2 25
0.25×
Q1 25
0.24×
Q4 24
0.22×
Q3 24
0.22×
Q2 24
0.21×
Q1 24
10.40×
0.22×

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
TCI
TCI
Operating Cash FlowLast quarter
$-6.0M
$-2.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.35×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
TCI
TCI
Q4 25
$-6.0M
$-2.9M
Q3 25
$1.5M
$8.2M
Q2 25
$-3.7M
$-2.9M
Q1 25
$-4.3M
$-7.4M
Q4 24
$-1.5M
$1.3M
Q3 24
$-2.2M
$13.7M
Q2 24
$-8.4M
$-511.0K
Q1 24
$39.0M
$3.9M
Cash Conversion
FENC
FENC
TCI
TCI
Q4 25
-0.35×
Q3 25
11.28×
Q2 25
-17.24×
Q1 25
-1.61×
Q4 24
12.13×
Q3 24
8.03×
Q2 24
-0.34×
Q1 24
3.04×
1.52×

Financial Flow Comparison

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

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