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Side-by-side financial comparison of Five Point Holdings, LLC (FPH) 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 $13.6M, roughly 1.8× Five Point Holdings, LLC). TRX GOLD Corp runs the higher net margin — -2.0% vs -16.4%, a 14.4% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 3.2%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs -48.5%).

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

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.

FPH vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.8× larger
TRX
$25.1M
$13.6M
FPH
Growing faster (revenue YoY)
TRX
TRX
+97.3% gap
TRX
100.5%
3.2%
FPH
Higher net margin
TRX
TRX
14.4% more per $
TRX
-2.0%
-16.4%
FPH
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
-48.5%
FPH

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FPH
FPH
TRX
TRX
Revenue
$13.6M
$25.1M
Net Profit
$-2.2M
$-496.0K
Gross Margin
56.6%
Operating Margin
-43.5%
Net Margin
-16.4%
-2.0%
Revenue YoY
3.2%
100.5%
Net Profit YoY
-109.6%
-123.2%
EPS (diluted)
$-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
FPH
FPH
TRX
TRX
Q1 26
$13.6M
Q4 25
$75.9M
$25.1M
Q3 25
$13.5M
Q2 25
$7.5M
$12.5M
Q1 25
$13.2M
$9.1M
Q4 24
$159.8M
$12.5M
Q3 24
$17.0M
Q2 24
$51.2M
$10.1M
Net Profit
FPH
FPH
TRX
TRX
Q1 26
$-2.2M
Q4 25
$58.7M
$-496.0K
Q3 25
$21.1M
Q2 25
$3.3M
$1.1M
Q1 25
$23.3M
$-1.9M
Q4 24
$121.0M
$2.1M
Q3 24
$4.8M
Q2 24
$14.7M
$-1.7M
Gross Margin
FPH
FPH
TRX
TRX
Q1 26
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Operating Margin
FPH
FPH
TRX
TRX
Q1 26
-43.5%
Q4 25
89.0%
Q3 25
Q2 25
Q1 25
Q4 24
87.5%
Q3 24
83.6%
Q2 24
86.1%
Net Margin
FPH
FPH
TRX
TRX
Q1 26
-16.4%
Q4 25
77.3%
-2.0%
Q3 25
156.2%
Q2 25
44.4%
8.9%
Q1 25
177.0%
-21.3%
Q4 24
75.7%
17.1%
Q3 24
28.0%
Q2 24
28.8%
-16.3%
EPS (diluted)
FPH
FPH
TRX
TRX
Q1 26
Q4 25
$-0.01
Q3 25
Q2 25
$0.00
Q1 25
$-0.01
Q4 24
$0.00
Q3 24
Q2 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
FPH
FPH
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$332.6M
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.3B
$74.5M
Total Assets
$3.2B
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPH
FPH
TRX
TRX
Q1 26
$332.6M
Q4 25
$425.5M
$9.2M
Q3 25
$351.1M
Q2 25
$456.6M
$3.6M
Q1 25
$528.3M
$6.0M
Q4 24
$430.9M
$6.8M
Q3 24
$224.5M
Q2 24
$217.4M
$7.7M
Stockholders' Equity
FPH
FPH
TRX
TRX
Q1 26
$2.3B
Q4 25
$2.3B
$74.5M
Q3 25
$2.3B
Q2 25
$2.2B
$69.0M
Q1 25
$2.2B
$67.5M
Q4 24
$2.2B
$68.4M
Q3 24
$2.0B
Q2 24
$2.0B
$62.5M
Total Assets
FPH
FPH
TRX
TRX
Q1 26
$3.2B
Q4 25
$3.2B
$129.6M
Q3 25
$3.2B
Q2 25
$3.2B
$112.3M
Q1 25
$3.2B
$106.7M
Q4 24
$3.1B
$102.6M
Q3 24
$2.9B
Q2 24
$2.9B
$92.6M

Cash Flow & Capital Efficiency

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

Metric
FPH
FPH
TRX
TRX
Operating Cash FlowLast quarter
$-44.5M
$4.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPH
FPH
TRX
TRX
Q1 26
$-44.5M
Q4 25
$105.2M
$4.0M
Q3 25
$40.4M
Q2 25
$-71.6M
$3.4M
Q1 25
$56.7M
$2.0M
Q4 24
$116.0M
$2.4M
Q3 24
$-18.0M
Q2 24
$-23.2M
$3.1M
Free Cash Flow
FPH
FPH
TRX
TRX
Q1 26
Q4 25
$105.0M
Q3 25
Q2 25
$-71.7M
Q1 25
$56.7M
Q4 24
$115.2M
Q3 24
$-18.2M
Q2 24
$-23.6M
FCF Margin
FPH
FPH
TRX
TRX
Q1 26
Q4 25
138.4%
Q3 25
Q2 25
-959.3%
Q1 25
430.9%
Q4 24
72.1%
Q3 24
-106.9%
Q2 24
-46.1%
Capex Intensity
FPH
FPH
TRX
TRX
Q1 26
0.0%
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.8%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
1.3%
Q2 24
0.7%
Cash Conversion
FPH
FPH
TRX
TRX
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
3.10×
Q1 25
2.44×
Q4 24
0.96×
1.11×
Q3 24
-3.77×
Q2 24
-1.58×

Financial Flow Comparison

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

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