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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and UNITED STATES ANTIMONY CORP (UAMY). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $13.0M, roughly 1.1× UNITED STATES ANTIMONY CORP). UNITED STATES ANTIMONY CORP runs the higher net margin — -2.2% vs -34.7%, a 32.5% gap on every dollar of revenue. On growth, UNITED STATES ANTIMONY CORP posted the faster year-over-year revenue change (131.4% vs 73.8%). Over the past eight quarters, UNITED STATES ANTIMONY CORP's revenue compounded faster (106.0% 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.

United States Antimony Corp is a natural resources firm focused on exploring, mining, processing, and selling antimony, silver, and gold products. It runs production facilities in the U.S. and Mexico, serving global industrial clients in flame retardant, battery alloy, and specialty chemical manufacturing sectors.

FENC vs UAMY — Head-to-Head

Bigger by revenue
FENC
FENC
1.1× larger
FENC
$13.8M
$13.0M
UAMY
Growing faster (revenue YoY)
UAMY
UAMY
+57.6% gap
UAMY
131.4%
73.8%
FENC
Higher net margin
UAMY
UAMY
32.5% more per $
UAMY
-2.2%
-34.7%
FENC
Faster 2-yr revenue CAGR
UAMY
UAMY
Annualised
UAMY
106.0%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
UAMY
UAMY
Revenue
$13.8M
$13.0M
Net Profit
$-4.8M
$-286.9K
Gross Margin
20.3%
Operating Margin
-18.5%
-30.1%
Net Margin
-34.7%
-2.2%
Revenue YoY
73.8%
131.4%
Net Profit YoY
-141.1%
67.5%
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
UAMY
UAMY
Q4 25
$13.8M
$13.0M
Q3 25
$12.5M
$8.7M
Q2 25
$9.7M
$10.5M
Q1 25
$8.8M
$7.0M
Q4 24
$7.9M
$5.6M
Q3 24
$7.0M
$2.6M
Q2 24
$7.3M
$3.7M
Q1 24
$25.4M
$3.1M
Net Profit
FENC
FENC
UAMY
UAMY
Q4 25
$-4.8M
$-286.9K
Q3 25
$-638.0K
$-4.8M
Q2 25
$-3.2M
$181.6K
Q1 25
$-1.2M
$546.5K
Q4 24
$-2.0M
$-882.9K
Q3 24
$-5.7M
$-727.5K
Q2 24
$-5.6M
$202.8K
Q1 24
$12.8M
$-322.8K
Gross Margin
FENC
FENC
UAMY
UAMY
Q4 25
20.3%
Q3 25
23.1%
Q2 25
27.0%
Q1 25
33.9%
Q4 24
21.4%
Q3 24
16.5%
Q2 24
34.1%
Q1 24
19.2%
Operating Margin
FENC
FENC
UAMY
UAMY
Q4 25
-18.5%
-30.1%
Q3 25
-1.5%
-56.5%
Q2 25
-28.3%
0.2%
Q1 25
-9.2%
5.1%
Q4 24
-11.8%
-19.3%
Q3 24
-74.6%
-34.6%
Q2 24
-69.4%
1.5%
Q1 24
54.2%
-15.3%
Net Margin
FENC
FENC
UAMY
UAMY
Q4 25
-34.7%
-2.2%
Q3 25
-5.1%
-54.9%
Q2 25
-32.7%
1.7%
Q1 25
-13.3%
7.8%
Q4 24
-25.0%
-15.7%
Q3 24
-82.2%
-28.3%
Q2 24
-76.5%
5.5%
Q1 24
50.6%
-10.5%
EPS (diluted)
FENC
FENC
UAMY
UAMY
Q4 25
$-0.17
$-0.01
Q3 25
$-0.02
$-0.04
Q2 25
$-0.11
$0.01
Q1 25
$-0.04
$0.00
Q4 24
$-0.02
$-108943126.01
Q3 24
$-0.21
$-0.01
Q2 24
$-0.20
$108943126.00
Q1 24
$0.41
$0.00

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
UAMY
UAMY
Cash + ST InvestmentsLiquidity on hand
$36.8M
$30.5M
Total DebtLower is stronger
$195.4K
Stockholders' EquityBook value
$35.5M
$141.0M
Total Assets
$70.6M
$153.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
UAMY
UAMY
Q4 25
$36.8M
$30.5M
Q3 25
$21.9M
Q2 25
$18.7M
Q1 25
$22.7M
Q4 24
$26.6M
$18.2M
Q3 24
$40.3M
$13.0M
Q2 24
$43.1M
$12.4M
Q1 24
$51.2M
$11.9M
Total Debt
FENC
FENC
UAMY
UAMY
Q4 25
$195.4K
Q3 25
$19.4M
$93.2K
Q2 25
$19.4M
$127.5K
Q1 25
$19.4M
$161.6K
Q4 24
$19.3M
$327.7K
Q3 24
$32.1M
$228.9K
Q2 24
$31.8M
$262.1K
Q1 24
$31.3M
$0
Stockholders' Equity
FENC
FENC
UAMY
UAMY
Q4 25
$35.5M
$141.0M
Q3 25
$-4.5M
$71.8M
Q2 25
$-7.5M
$37.5M
Q1 25
$-5.9M
$32.6M
Q4 24
$-5.9M
$28.6M
Q3 24
$-5.2M
$25.1M
Q2 24
$-1.4M
$25.7M
Q1 24
$3.0M
$25.4M
Total Assets
FENC
FENC
UAMY
UAMY
Q4 25
$70.6M
$153.9M
Q3 25
$49.3M
$79.9M
Q2 25
$44.9M
$47.5M
Q1 25
$46.4M
$39.5M
Q4 24
$44.9M
$34.6M
Q3 24
$58.9M
$29.8M
Q2 24
$63.2M
$28.9M
Q1 24
$69.2M
$28.0M
Debt / Equity
FENC
FENC
UAMY
UAMY
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.01×
Q3 24
0.01×
Q2 24
0.01×
Q1 24
10.40×
0.00×

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
UAMY
UAMY
Operating Cash FlowLast quarter
$-6.0M
$-3.5M
Free Cash FlowOCF − Capex
$-15.2M
FCF MarginFCF / Revenue
-116.7%
Capex IntensityCapex / Revenue
90.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-37.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
UAMY
UAMY
Q4 25
$-6.0M
$-3.5M
Q3 25
$1.5M
$-3.9M
Q2 25
$-3.7M
$-627.7K
Q1 25
$-4.3M
$-1.7M
Q4 24
$-1.5M
$1.2M
Q3 24
$-2.2M
$411.2K
Q2 24
$-8.4M
$565.9K
Q1 24
$39.0M
$65.0K
Free Cash Flow
FENC
FENC
UAMY
UAMY
Q4 25
$-15.2M
Q3 25
$-12.5M
Q2 25
$-7.2M
Q1 25
$-2.6M
Q4 24
$970.6K
Q3 24
$338.9K
Q2 24
$467.9K
Q1 24
$12.3K
FCF Margin
FENC
FENC
UAMY
UAMY
Q4 25
-116.7%
Q3 25
-144.1%
Q2 25
-68.0%
Q1 25
-37.0%
Q4 24
17.2%
Q3 24
13.2%
Q2 24
12.8%
Q1 24
0.4%
Capex Intensity
FENC
FENC
UAMY
UAMY
Q4 25
90.1%
Q3 25
99.7%
Q2 25
62.1%
Q1 25
12.3%
Q4 24
3.7%
Q3 24
2.8%
Q2 24
2.7%
Q1 24
1.7%
Cash Conversion
FENC
FENC
UAMY
UAMY
Q4 25
Q3 25
Q2 25
-3.46×
Q1 25
-3.16×
Q4 24
Q3 24
Q2 24
2.79×
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.

UAMY
UAMY

Antimony$11.8M90%
Other$1.2M10%

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