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

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $25.1M, roughly 1.9× TRX GOLD Corp). TRX GOLD Corp runs the higher net margin — -2.0% vs -97.9%, a 95.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 100.5%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs -2.7%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

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.

FFWM vs TRX — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.9× larger
FFWM
$48.4M
$25.1M
TRX
Growing faster (revenue YoY)
FFWM
FFWM
+321.2% gap
FFWM
421.7%
100.5%
TRX
Higher net margin
TRX
TRX
95.9% more per $
TRX
-2.0%
-97.9%
FFWM
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FFWM
FFWM
TRX
TRX
Revenue
$48.4M
$25.1M
Net Profit
$-8.0M
$-496.0K
Gross Margin
56.6%
Operating Margin
-97.5%
Net Margin
-97.9%
-2.0%
Revenue YoY
421.7%
100.5%
Net Profit YoY
43.0%
-123.2%
EPS (diluted)
$-0.09
$-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
FFWM
FFWM
TRX
TRX
Q4 25
$48.4M
$25.1M
Q3 25
$63.6M
Q2 25
$51.4M
$12.5M
Q1 25
$71.4M
$9.1M
Q4 24
$9.3M
$12.5M
Q3 24
$9.2M
Q2 24
$57.5M
$10.1M
Q1 24
$51.1M
$8.0M
Net Profit
FFWM
FFWM
TRX
TRX
Q4 25
$-8.0M
$-496.0K
Q3 25
$-146.3M
Q2 25
$-7.7M
$1.1M
Q1 25
$6.9M
$-1.9M
Q4 24
$-14.1M
$2.1M
Q3 24
$-82.2M
Q2 24
$3.1M
$-1.7M
Q1 24
$793.0K
$1.9M
Gross Margin
FFWM
FFWM
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
FFWM
FFWM
TRX
TRX
Q4 25
-97.5%
Q3 25
-92.7%
Q2 25
-21.1%
Q1 25
8.8%
Q4 24
-247.7%
Q3 24
-1276.7%
Q2 24
4.6%
Q1 24
-0.2%
Net Margin
FFWM
FFWM
TRX
TRX
Q4 25
-97.9%
-2.0%
Q3 25
-230.1%
Q2 25
-15.0%
8.9%
Q1 25
9.7%
-21.3%
Q4 24
-152.2%
17.1%
Q3 24
-896.9%
Q2 24
5.4%
-16.3%
Q1 24
1.6%
24.1%
EPS (diluted)
FFWM
FFWM
TRX
TRX
Q4 25
$-0.09
$-0.01
Q3 25
$-1.78
Q2 25
$-0.09
$0.00
Q1 25
$0.08
$-0.01
Q4 24
$-0.24
$0.00
Q3 24
$-1.23
Q2 24
$0.05
$-0.01
Q1 24
$0.01
$0.00

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$1.6B
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$74.5M
Total Assets
$11.9B
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
TRX
TRX
Q4 25
$1.6B
$9.2M
Q3 25
$1.7B
Q2 25
$1.1B
$3.6M
Q1 25
$1.0B
$6.0M
Q4 24
$1.0B
$6.8M
Q3 24
$1.1B
Q2 24
$1.4B
$7.7M
Q1 24
$1.6B
$8.0M
Stockholders' Equity
FFWM
FFWM
TRX
TRX
Q4 25
$912.6M
$74.5M
Q3 25
$917.9M
Q2 25
$1.1B
$69.0M
Q1 25
$1.1B
$67.5M
Q4 24
$1.1B
$68.4M
Q3 24
$1.1B
Q2 24
$933.2M
$62.5M
Q1 24
$928.7M
$63.9M
Total Assets
FFWM
FFWM
TRX
TRX
Q4 25
$11.9B
$129.6M
Q3 25
$11.9B
Q2 25
$11.6B
$112.3M
Q1 25
$12.6B
$106.7M
Q4 24
$12.6B
$102.6M
Q3 24
$13.4B
Q2 24
$13.7B
$92.6M
Q1 24
$13.6B
$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
FFWM
FFWM
TRX
TRX
Operating Cash FlowLast quarter
$-31.9M
$4.0M
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
TRX
TRX
Q4 25
$-31.9M
$4.0M
Q3 25
$9.2M
Q2 25
$-16.3M
$3.4M
Q1 25
$-552.0K
$2.0M
Q4 24
$-8.7M
$2.4M
Q3 24
$14.2M
Q2 24
$-9.1M
$3.1M
Q1 24
$7.2M
$1.0M
Free Cash Flow
FFWM
FFWM
TRX
TRX
Q4 25
$-35.2M
Q3 25
$8.6M
Q2 25
$-16.7M
Q1 25
$-2.5M
Q4 24
$-11.4M
Q3 24
$13.4M
Q2 24
$-9.4M
Q1 24
$5.9M
FCF Margin
FFWM
FFWM
TRX
TRX
Q4 25
-72.8%
Q3 25
13.5%
Q2 25
-32.4%
Q1 25
-3.5%
Q4 24
-123.5%
Q3 24
146.2%
Q2 24
-16.3%
Q1 24
11.6%
Capex Intensity
FFWM
FFWM
TRX
TRX
Q4 25
6.9%
Q3 25
1.0%
Q2 25
0.8%
Q1 25
2.8%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
0.4%
Q1 24
2.5%
Cash Conversion
FFWM
FFWM
TRX
TRX
Q4 25
Q3 25
Q2 25
3.10×
Q1 25
-0.08×
Q4 24
1.11×
Q3 24
Q2 24
-2.96×
Q1 24
9.09×
0.54×

Financial Flow Comparison

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

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