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Side-by-side financial comparison of Flux Power Holdings, Inc. (FLUX) and FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI). Click either name above to swap in a different company.

Flux Power Holdings, Inc. is the larger business by last-quarter revenue ($14.1M vs $9.1M, roughly 1.5× FLEXIBLE SOLUTIONS INTERNATIONAL INC). Flux Power Holdings, Inc. runs the higher net margin — 4.3% vs -5.1%, a 9.3% gap on every dollar of revenue. On growth, FLEXIBLE SOLUTIONS INTERNATIONAL INC posted the faster year-over-year revenue change (-0.5% vs -16.1%). FLEXIBLE SOLUTIONS INTERNATIONAL INC produced more free cash flow last quarter ($-4.0M vs $-5.3M). Over the past eight quarters, FLEXIBLE SOLUTIONS INTERNATIONAL INC's revenue compounded faster (-0.6% CAGR vs -1.2%).

Adrian Flux is a British insurance broker that has its head office at East Winch Hall in King's Lynn, Norfolk. The company has become the country’s largest specialist motor insurance brokers and employs around 1,850 staff.

Flexible Solutions International Inc develops and manufactures specialty chemicals for water conservation, energy efficiency, and agricultural use. Core products include water body evaporative reduction solutions, farm crop yield additives, and swimming pool heat retention products, serving customers across North America and global agricultural markets.

FLUX vs FSI — Head-to-Head

Bigger by revenue
FLUX
FLUX
1.5× larger
FLUX
$14.1M
$9.1M
FSI
Growing faster (revenue YoY)
FSI
FSI
+15.6% gap
FSI
-0.5%
-16.1%
FLUX
Higher net margin
FLUX
FLUX
9.3% more per $
FLUX
4.3%
-5.1%
FSI
More free cash flow
FSI
FSI
$1.2M more FCF
FSI
$-4.0M
$-5.3M
FLUX
Faster 2-yr revenue CAGR
FSI
FSI
Annualised
FSI
-0.6%
-1.2%
FLUX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FLUX
FLUX
FSI
FSI
Revenue
$14.1M
$9.1M
Net Profit
$601.0K
$-460.9K
Gross Margin
34.7%
29.4%
Operating Margin
5.6%
11.6%
Net Margin
4.3%
-5.1%
Revenue YoY
-16.1%
-0.5%
Net Profit YoY
131.8%
-167.8%
EPS (diluted)
$0.03
$-0.03

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
FLUX
FLUX
FSI
FSI
Q4 25
$14.1M
$9.1M
Q3 25
$13.2M
$10.6M
Q2 25
$16.7M
$11.4M
Q1 25
$16.7M
$7.5M
Q4 24
$16.8M
$9.2M
Q3 24
$16.1M
$9.3M
Q2 24
$13.4M
$10.5M
Q1 24
$14.5M
$9.2M
Net Profit
FLUX
FLUX
FSI
FSI
Q4 25
$601.0K
$-460.9K
Q3 25
$-2.6M
$-503.4K
Q2 25
$-1.2M
$2.0M
Q1 25
$-1.9M
$-277.7K
Q4 24
$-1.9M
$679.6K
Q3 24
$-1.7M
$611.9K
Q2 24
$-2.2M
$1.3M
Q1 24
$-3.0M
$457.2K
Gross Margin
FLUX
FLUX
FSI
FSI
Q4 25
34.7%
29.4%
Q3 25
28.6%
23.9%
Q2 25
34.5%
47.4%
Q1 25
31.6%
26.1%
Q4 24
32.5%
29.2%
Q3 24
32.4%
40.9%
Q2 24
26.9%
37.4%
Q1 24
27.8%
30.6%
Operating Margin
FLUX
FLUX
FSI
FSI
Q4 25
5.6%
11.6%
Q3 25
-16.5%
2.9%
Q2 25
-4.5%
29.0%
Q1 25
-9.4%
-0.9%
Q4 24
-8.8%
9.4%
Q3 24
-7.5%
20.5%
Q2 24
-13.5%
18.7%
Q1 24
-17.8%
8.3%
Net Margin
FLUX
FLUX
FSI
FSI
Q4 25
4.3%
-5.1%
Q3 25
-19.4%
-4.8%
Q2 25
-7.0%
17.8%
Q1 25
-11.6%
-3.7%
Q4 24
-11.2%
7.4%
Q3 24
-10.4%
6.6%
Q2 24
-16.8%
12.3%
Q1 24
-20.8%
5.0%
EPS (diluted)
FLUX
FLUX
FSI
FSI
Q4 25
$0.03
$-0.03
Q3 25
$-0.15
$-0.04
Q2 25
$-0.07
$0.15
Q1 25
$-0.12
$-0.02
Q4 24
$-0.11
$0.05
Q3 24
$-0.10
$0.05
Q2 24
$-0.13
$0.10
Q1 24
$-0.18
$0.04

Balance Sheet & Financial Strength

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

Metric
FLUX
FLUX
FSI
FSI
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$7.5M
$38.9M
Total Assets
$30.1M
$61.8M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLUX
FLUX
FSI
FSI
Q4 25
Q3 25
$1.6M
Q2 25
$1.3M
$10.0M
Q1 25
$505.0K
$11.0M
Q4 24
$883.0K
$10.0M
Q3 24
$559.0K
$13.0M
Q2 24
$643.0K
$9.2M
Q1 24
$1.3M
$8.3M
Total Debt
FLUX
FLUX
FSI
FSI
Q4 25
$4.4M
Q3 25
$7.1M
Q2 25
$7.5M
Q1 25
$8.1M
Q4 24
$8.8M
Q3 24
$9.4M
Q2 24
$8.3M
Q1 24
$8.0M
Stockholders' Equity
FLUX
FLUX
FSI
FSI
Q4 25
$7.5M
$38.9M
Q3 25
$-3.3M
$39.0M
Q2 25
$-5.4M
$39.4M
Q1 25
$4.4M
$38.4M
Q4 24
$-2.7M
$38.0M
Q3 24
$-1.1M
$36.9M
Q2 24
$194.0K
$36.2M
Q1 24
$2.1M
$36.0M
Total Assets
FLUX
FLUX
FSI
FSI
Q4 25
$30.1M
$61.8M
Q3 25
$29.7M
$58.4M
Q2 25
$34.8M
$58.2M
Q1 25
$30.6M
$61.7M
Q4 24
$29.0M
$60.0M
Q3 24
$30.6M
$57.8M
Q2 24
$32.3M
$56.3M
Q1 24
$34.0M
$57.6M
Debt / Equity
FLUX
FLUX
FSI
FSI
Q4 25
0.11×
Q3 25
0.18×
Q2 25
0.19×
Q1 25
0.21×
Q4 24
0.23×
Q3 24
0.25×
Q2 24
0.23×
Q1 24
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
FLUX
FLUX
FSI
FSI
Operating Cash FlowLast quarter
$-5.2M
$-3.0M
Free Cash FlowOCF − Capex
$-5.3M
$-4.0M
FCF MarginFCF / Revenue
-37.4%
-44.3%
Capex IntensityCapex / Revenue
0.9%
11.7%
Cash ConversionOCF / Net Profit
-8.59×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$-591.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLUX
FLUX
FSI
FSI
Q4 25
$-5.2M
$-3.0M
Q3 25
$889.0K
$2.0M
Q2 25
$610.0K
$5.3M
Q1 25
$-1.6M
$-544.3K
Q4 24
$2.8M
$-2.2M
Q3 24
$944.0K
$2.5M
Q2 24
$-4.8M
$5.9M
Q1 24
$-229.0K
$-604.8K
Free Cash Flow
FLUX
FLUX
FSI
FSI
Q4 25
$-5.3M
$-4.0M
Q3 25
$726.0K
$39.4K
Q2 25
$-43.0K
$4.3M
Q1 25
$-1.7M
$-898.4K
Q4 24
$2.7M
$-4.3M
Q3 24
$746.0K
$1.3M
Q2 24
$-5.7M
$4.7M
Q1 24
$-479.0K
$-1.1M
FCF Margin
FLUX
FLUX
FSI
FSI
Q4 25
-37.4%
-44.3%
Q3 25
5.5%
0.4%
Q2 25
-0.3%
37.9%
Q1 25
-10.4%
-12.0%
Q4 24
16.1%
-47.0%
Q3 24
4.6%
13.6%
Q2 24
-42.2%
44.9%
Q1 24
-3.3%
-11.7%
Capex Intensity
FLUX
FLUX
FSI
FSI
Q4 25
0.9%
11.7%
Q3 25
1.2%
18.7%
Q2 25
3.9%
8.6%
Q1 25
1.1%
4.7%
Q4 24
0.7%
22.8%
Q3 24
1.2%
13.0%
Q2 24
6.4%
11.3%
Q1 24
1.7%
5.2%
Cash Conversion
FLUX
FLUX
FSI
FSI
Q4 25
-8.59×
Q3 25
Q2 25
2.60×
Q1 25
Q4 24
-3.27×
Q3 24
4.05×
Q2 24
4.59×
Q1 24
-1.32×

Financial Flow Comparison

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

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