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Side-by-side financial comparison of FutureFuel Corp. (FF) and TRX GOLD Corp (TRX). Click either name above to swap in a different company.

TRX GOLD Corp is the larger business by last-quarter revenue ($25.1M vs $19.8M, roughly 1.3× FutureFuel Corp.). TRX GOLD Corp runs the higher net margin — -2.0% vs -60.5%, a 58.6% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs -67.7%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs -41.7%).

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

FF vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.3× larger
TRX
$25.1M
$19.8M
FF
Growing faster (revenue YoY)
TRX
TRX
+168.2% gap
TRX
100.5%
-67.7%
FF
Higher net margin
TRX
TRX
58.6% more per $
TRX
-2.0%
-60.5%
FF
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FF
FF
TRX
TRX
Revenue
$19.8M
$25.1M
Net Profit
$-12.0M
$-496.0K
Gross Margin
-46.7%
56.6%
Operating Margin
-62.9%
Net Margin
-60.5%
-2.0%
Revenue YoY
-67.7%
100.5%
Net Profit YoY
-529.4%
-123.2%
EPS (diluted)
$-0.28
$-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
FF
FF
TRX
TRX
Q4 25
$19.8M
$25.1M
Q3 25
$22.7M
Q2 25
$35.7M
$12.5M
Q1 25
$17.5M
$9.1M
Q4 24
$61.5M
$12.5M
Q3 24
$51.1M
Q2 24
$72.4M
$10.1M
Q1 24
$58.3M
$8.0M
Net Profit
FF
FF
TRX
TRX
Q4 25
$-12.0M
$-496.0K
Q3 25
$-9.3M
Q2 25
$-10.4M
$1.1M
Q1 25
$-17.6M
$-1.9M
Q4 24
$2.8M
$2.1M
Q3 24
$-1.2M
Q2 24
$9.6M
$-1.7M
Q1 24
$4.3M
$1.9M
Gross Margin
FF
FF
TRX
TRX
Q4 25
-46.7%
56.6%
Q3 25
-30.1%
Q2 25
-24.6%
35.1%
Q1 25
-83.0%
23.5%
Q4 24
9.1%
38.6%
Q3 24
0.7%
Q2 24
12.0%
42.9%
Q1 24
8.6%
41.0%
Operating Margin
FF
FF
TRX
TRX
Q4 25
-62.9%
Q3 25
-42.9%
Q2 25
-33.4%
Q1 25
-107.4%
Q4 24
2.6%
Q3 24
-5.6%
Q2 24
7.5%
Q1 24
3.8%
Net Margin
FF
FF
TRX
TRX
Q4 25
-60.5%
-2.0%
Q3 25
-41.1%
Q2 25
-29.2%
8.9%
Q1 25
-100.6%
-21.3%
Q4 24
4.5%
17.1%
Q3 24
-2.3%
Q2 24
13.2%
-16.3%
Q1 24
7.4%
24.1%
EPS (diluted)
FF
FF
TRX
TRX
Q4 25
$-0.28
$-0.01
Q3 25
$-0.21
Q2 25
$-0.24
$0.00
Q1 25
$-0.40
$-0.01
Q4 24
$0.06
$0.00
Q3 24
$-0.03
Q2 24
$0.22
$-0.01
Q1 24
$0.10
$0.00

Balance Sheet & Financial Strength

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

Metric
FF
FF
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$51.3M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$154.7M
$74.5M
Total Assets
$192.2M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
TRX
TRX
Q4 25
$51.3M
$9.2M
Q3 25
$85.6M
Q2 25
$95.2M
$3.6M
Q1 25
$97.1M
$6.0M
Q4 24
$109.5M
$6.8M
Q3 24
$133.4M
Q2 24
$115.1M
$7.7M
Q1 24
$201.1M
$8.0M
Stockholders' Equity
FF
FF
TRX
TRX
Q4 25
$154.7M
$74.5M
Q3 25
$169.1M
Q2 25
$178.2M
$69.0M
Q1 25
$188.4M
$67.5M
Q4 24
$205.8M
$68.4M
Q3 24
$213.3M
Q2 24
$214.4M
$62.5M
Q1 24
$204.8M
$63.9M
Total Assets
FF
FF
TRX
TRX
Q4 25
$192.2M
$129.6M
Q3 25
$203.5M
Q2 25
$218.2M
$112.3M
Q1 25
$227.7M
$106.7M
Q4 24
$247.7M
$102.6M
Q3 24
$256.5M
Q2 24
$261.2M
$92.6M
Q1 24
$365.4M
$88.2M

Cash Flow & Capital Efficiency

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

Metric
FF
FF
TRX
TRX
Operating Cash FlowLast quarter
$-27.4M
$4.0M
Free Cash FlowOCF − Capex
$-29.9M
FCF MarginFCF / Revenue
-150.5%
Capex IntensityCapex / Revenue
12.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
TRX
TRX
Q4 25
$-27.4M
$4.0M
Q3 25
$-1.1M
Q2 25
$5.2M
$3.4M
Q1 25
$-5.4M
$2.0M
Q4 24
$-16.6M
$2.4M
Q3 24
$25.8M
Q2 24
$27.8M
$3.1M
Q1 24
$-12.2M
$1.0M
Free Cash Flow
FF
FF
TRX
TRX
Q4 25
$-29.9M
Q3 25
$-6.5M
Q2 25
$-263.0K
Q1 25
$-9.4M
Q4 24
$-20.7M
Q3 24
$20.5M
Q2 24
$24.8M
Q1 24
$-14.5M
FCF Margin
FF
FF
TRX
TRX
Q4 25
-150.5%
Q3 25
-28.5%
Q2 25
-0.7%
Q1 25
-53.6%
Q4 24
-33.6%
Q3 24
40.1%
Q2 24
34.3%
Q1 24
-24.9%
Capex Intensity
FF
FF
TRX
TRX
Q4 25
12.2%
Q3 25
23.5%
Q2 25
15.3%
Q1 25
22.8%
Q4 24
6.6%
Q3 24
10.4%
Q2 24
4.1%
Q1 24
3.9%
Cash Conversion
FF
FF
TRX
TRX
Q4 25
Q3 25
Q2 25
3.10×
Q1 25
Q4 24
-5.94×
1.11×
Q3 24
Q2 24
2.90×
Q1 24
-2.82×
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

TRX
TRX

Segment breakdown not available.

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