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Side-by-side financial comparison of Flux Power Holdings, Inc. (FLUX) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $14.1M, roughly 1.3× Flux Power Holdings, Inc.). Flux Power Holdings, Inc. runs the higher net margin — 4.3% vs 3.7%, a 0.6% gap on every dollar of revenue. On growth, Simulations Plus, Inc. posted the faster year-over-year revenue change (-2.7% vs -16.1%). Over the past eight quarters, Simulations Plus, Inc.'s revenue compounded faster (0.3% 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.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

FLUX vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.3× larger
SLP
$18.4M
$14.1M
FLUX
Growing faster (revenue YoY)
SLP
SLP
+13.4% gap
SLP
-2.7%
-16.1%
FLUX
Higher net margin
FLUX
FLUX
0.6% more per $
FLUX
4.3%
3.7%
SLP
Faster 2-yr revenue CAGR
SLP
SLP
Annualised
SLP
0.3%
-1.2%
FLUX

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
FLUX
FLUX
SLP
SLP
Revenue
$14.1M
$18.4M
Net Profit
$601.0K
$676.0K
Gross Margin
34.7%
59.1%
Operating Margin
5.6%
3.9%
Net Margin
4.3%
3.7%
Revenue YoY
-16.1%
-2.7%
Net Profit YoY
131.8%
228.2%
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
SLP
SLP
Q4 25
$14.1M
$18.4M
Q3 25
$13.2M
$17.5M
Q2 25
$16.7M
$20.4M
Q1 25
$16.7M
$22.4M
Q4 24
$16.8M
$18.9M
Q3 24
$16.1M
$18.7M
Q2 24
$13.4M
$18.5M
Q1 24
$14.5M
$18.3M
Net Profit
FLUX
FLUX
SLP
SLP
Q4 25
$601.0K
$676.0K
Q3 25
$-2.6M
$-681.0K
Q2 25
$-1.2M
$-67.3M
Q1 25
$-1.9M
$3.1M
Q4 24
$-1.9M
$206.0K
Q3 24
$-1.7M
$843.0K
Q2 24
$-2.2M
$3.1M
Q1 24
$-3.0M
$4.0M
Gross Margin
FLUX
FLUX
SLP
SLP
Q4 25
34.7%
59.1%
Q3 25
28.6%
56.4%
Q2 25
34.5%
64.0%
Q1 25
31.6%
58.5%
Q4 24
32.5%
54.0%
Q3 24
32.4%
36.6%
Q2 24
26.9%
71.5%
Q1 24
27.8%
72.2%
Operating Margin
FLUX
FLUX
SLP
SLP
Q4 25
5.6%
3.9%
Q3 25
-16.5%
3.8%
Q2 25
-4.5%
-364.5%
Q1 25
-9.4%
12.1%
Q4 24
-8.8%
0.7%
Q3 24
-7.5%
-6.2%
Q2 24
-13.5%
10.1%
Q1 24
-17.8%
24.3%
Net Margin
FLUX
FLUX
SLP
SLP
Q4 25
4.3%
3.7%
Q3 25
-19.4%
-3.9%
Q2 25
-7.0%
-330.6%
Q1 25
-11.6%
13.7%
Q4 24
-11.2%
1.1%
Q3 24
-10.4%
4.5%
Q2 24
-16.8%
16.9%
Q1 24
-20.8%
22.0%
EPS (diluted)
FLUX
FLUX
SLP
SLP
Q4 25
$0.03
$0.03
Q3 25
$-0.15
$-0.03
Q2 25
$-0.07
$-3.35
Q1 25
$-0.12
$0.15
Q4 24
$-0.11
$0.01
Q3 24
$-0.10
$0.04
Q2 24
$-0.13
$0.15
Q1 24
$-0.18
$0.20

Balance Sheet & Financial Strength

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

Metric
FLUX
FLUX
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$127.1M
Total Assets
$30.1M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLUX
FLUX
SLP
SLP
Q4 25
$35.7M
Q3 25
$1.6M
$32.4M
Q2 25
$1.3M
$28.4M
Q1 25
$505.0K
$21.4M
Q4 24
$883.0K
$18.2M
Q3 24
$559.0K
$20.3M
Q2 24
$643.0K
$119.0M
Q1 24
$1.3M
$108.5M
Stockholders' Equity
FLUX
FLUX
SLP
SLP
Q4 25
$7.5M
$127.1M
Q3 25
$-3.3M
$124.8M
Q2 25
$-5.4M
$123.8M
Q1 25
$4.4M
$189.5M
Q4 24
$-2.7M
$184.7M
Q3 24
$-1.1M
$182.4M
Q2 24
$194.0K
$180.9M
Q1 24
$2.1M
$177.0M
Total Assets
FLUX
FLUX
SLP
SLP
Q4 25
$30.1M
$137.8M
Q3 25
$29.7M
$131.9M
Q2 25
$34.8M
$134.4M
Q1 25
$30.6M
$201.4M
Q4 24
$29.0M
$196.9M
Q3 24
$30.6M
$196.6M
Q2 24
$32.3M
$192.7M
Q1 24
$34.0M
$194.0M

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
SLP
SLP
Operating Cash FlowLast quarter
$-5.2M
$4.2M
Free Cash FlowOCF − Capex
$-5.3M
FCF MarginFCF / Revenue
-37.4%
Capex IntensityCapex / Revenue
0.9%
0.0%
Cash ConversionOCF / Net Profit
-8.59×
6.26×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLUX
FLUX
SLP
SLP
Q4 25
$-5.2M
$4.2M
Q3 25
$889.0K
$5.6M
Q2 25
$610.0K
$8.1M
Q1 25
$-1.6M
$5.7M
Q4 24
$2.8M
$-1.3M
Q3 24
$944.0K
$1.7M
Q2 24
$-4.8M
$5.7M
Q1 24
$-229.0K
$5.8M
Free Cash Flow
FLUX
FLUX
SLP
SLP
Q4 25
$-5.3M
Q3 25
$726.0K
$5.3M
Q2 25
$-43.0K
$7.8M
Q1 25
$-1.7M
$5.6M
Q4 24
$2.7M
$-1.4M
Q3 24
$746.0K
$1.6M
Q2 24
$-5.7M
$5.6M
Q1 24
$-479.0K
$5.4M
FCF Margin
FLUX
FLUX
SLP
SLP
Q4 25
-37.4%
Q3 25
5.5%
30.5%
Q2 25
-0.3%
38.5%
Q1 25
-10.4%
25.0%
Q4 24
16.1%
-7.2%
Q3 24
4.6%
8.8%
Q2 24
-42.2%
30.0%
Q1 24
-3.3%
29.4%
Capex Intensity
FLUX
FLUX
SLP
SLP
Q4 25
0.9%
0.0%
Q3 25
1.2%
1.5%
Q2 25
3.9%
1.5%
Q1 25
1.1%
0.3%
Q4 24
0.7%
0.5%
Q3 24
1.2%
0.1%
Q2 24
6.4%
0.6%
Q1 24
1.7%
2.4%
Cash Conversion
FLUX
FLUX
SLP
SLP
Q4 25
-8.59×
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLUX
FLUX

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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