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Side-by-side financial comparison of FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI) and MARCHEX INC (MCHX). Click either name above to swap in a different company.

MARCHEX INC is the larger business by last-quarter revenue ($10.8M vs $9.1M, roughly 1.2× FLEXIBLE SOLUTIONS INTERNATIONAL INC). FLEXIBLE SOLUTIONS INTERNATIONAL INC runs the higher net margin — -5.1% vs -21.4%, a 16.3% gap on every dollar of revenue. On growth, FLEXIBLE SOLUTIONS INTERNATIONAL INC posted the faster year-over-year revenue change (-0.5% vs -9.0%). Over the past eight quarters, FLEXIBLE SOLUTIONS INTERNATIONAL INC's revenue compounded faster (-0.6% CAGR vs -3.2%).

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.

Marchex Inc. is a U.S.-headquartered technology company focused on conversational analytics, call tracking, and digital marketing solutions for small and medium-sized businesses as well as enterprise clients across North America. Its core products help businesses optimize customer acquisition strategies, quantify marketing campaign performance, and improve customer engagement across voice and digital communication channels.

FSI vs MCHX — Head-to-Head

Bigger by revenue
MCHX
MCHX
1.2× larger
MCHX
$10.8M
$9.1M
FSI
Growing faster (revenue YoY)
FSI
FSI
+8.5% gap
FSI
-0.5%
-9.0%
MCHX
Higher net margin
FSI
FSI
16.3% more per $
FSI
-5.1%
-21.4%
MCHX
Faster 2-yr revenue CAGR
FSI
FSI
Annualised
FSI
-0.6%
-3.2%
MCHX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSI
FSI
MCHX
MCHX
Revenue
$9.1M
$10.8M
Net Profit
$-460.9K
$-2.3M
Gross Margin
29.4%
61.6%
Operating Margin
11.6%
-21.9%
Net Margin
-5.1%
-21.4%
Revenue YoY
-0.5%
-9.0%
Net Profit YoY
-167.8%
-21.3%
EPS (diluted)
$-0.03
$-0.05

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
FSI
FSI
MCHX
MCHX
Q4 25
$9.1M
$10.8M
Q3 25
$10.6M
$11.5M
Q2 25
$11.4M
$11.7M
Q1 25
$7.5M
$11.4M
Q4 24
$9.2M
$11.9M
Q3 24
$9.3M
$12.6M
Q2 24
$10.5M
$12.1M
Q1 24
$9.2M
$11.6M
Net Profit
FSI
FSI
MCHX
MCHX
Q4 25
$-460.9K
$-2.3M
Q3 25
$-503.4K
$-1.0M
Q2 25
$2.0M
$84.0K
Q1 25
$-277.7K
$-2.0M
Q4 24
$679.6K
$-1.9M
Q3 24
$611.9K
$-831.0K
Q2 24
$1.3M
$-756.0K
Q1 24
$457.2K
$-1.4M
Gross Margin
FSI
FSI
MCHX
MCHX
Q4 25
29.4%
61.6%
Q3 25
23.9%
63.1%
Q2 25
47.4%
65.1%
Q1 25
26.1%
63.3%
Q4 24
29.2%
63.2%
Q3 24
40.9%
66.4%
Q2 24
37.4%
65.6%
Q1 24
30.6%
61.9%
Operating Margin
FSI
FSI
MCHX
MCHX
Q4 25
11.6%
-21.9%
Q3 25
2.9%
-8.2%
Q2 25
29.0%
-4.6%
Q1 25
-0.9%
-16.4%
Q4 24
9.4%
-13.3%
Q3 24
20.5%
-6.6%
Q2 24
18.7%
-6.0%
Q1 24
8.3%
-11.3%
Net Margin
FSI
FSI
MCHX
MCHX
Q4 25
-5.1%
-21.4%
Q3 25
-4.8%
-8.9%
Q2 25
17.8%
0.7%
Q1 25
-3.7%
-17.4%
Q4 24
7.4%
-16.0%
Q3 24
6.6%
-6.6%
Q2 24
12.3%
-6.3%
Q1 24
5.0%
-12.5%
EPS (diluted)
FSI
FSI
MCHX
MCHX
Q4 25
$-0.03
$-0.05
Q3 25
$-0.04
$-0.02
Q2 25
$0.15
$0.00
Q1 25
$-0.02
$-0.05
Q4 24
$0.05
$-0.04
Q3 24
$0.05
$-0.02
Q2 24
$0.10
$-0.02
Q1 24
$0.04
$-0.03

Balance Sheet & Financial Strength

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

Metric
FSI
FSI
MCHX
MCHX
Cash + ST InvestmentsLiquidity on hand
$9.9M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$38.9M
$30.1M
Total Assets
$61.8M
$39.7M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSI
FSI
MCHX
MCHX
Q4 25
$9.9M
Q3 25
$10.3M
Q2 25
$10.0M
$10.5M
Q1 25
$11.0M
$10.0M
Q4 24
$10.0M
$12.8M
Q3 24
$13.0M
$12.1M
Q2 24
$9.2M
$12.0M
Q1 24
$8.3M
$12.0M
Total Debt
FSI
FSI
MCHX
MCHX
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
FSI
FSI
MCHX
MCHX
Q4 25
$38.9M
$30.1M
Q3 25
$39.0M
$31.9M
Q2 25
$39.4M
$32.0M
Q1 25
$38.4M
$31.4M
Q4 24
$38.0M
$32.6M
Q3 24
$36.9M
$34.1M
Q2 24
$36.2M
$34.5M
Q1 24
$36.0M
$34.9M
Total Assets
FSI
FSI
MCHX
MCHX
Q4 25
$61.8M
$39.7M
Q3 25
$58.4M
$41.1M
Q2 25
$58.2M
$42.0M
Q1 25
$61.7M
$40.6M
Q4 24
$60.0M
$43.2M
Q3 24
$57.8M
$44.1M
Q2 24
$56.3M
$45.5M
Q1 24
$57.6M
$45.6M
Debt / Equity
FSI
FSI
MCHX
MCHX
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
FSI
FSI
MCHX
MCHX
Operating Cash FlowLast quarter
$-3.0M
$121.0K
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-44.3%
Capex IntensityCapex / Revenue
11.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-591.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSI
FSI
MCHX
MCHX
Q4 25
$-3.0M
$121.0K
Q3 25
$2.0M
$290.0K
Q2 25
$5.3M
$803.0K
Q1 25
$-544.3K
$-2.6M
Q4 24
$-2.2M
$875.0K
Q3 24
$2.5M
$382.0K
Q2 24
$5.9M
$117.0K
Q1 24
$-604.8K
$-2.5M
Free Cash Flow
FSI
FSI
MCHX
MCHX
Q4 25
$-4.0M
Q3 25
$39.4K
Q2 25
$4.3M
Q1 25
$-898.4K
Q4 24
$-4.3M
$757.0K
Q3 24
$1.3M
$199.0K
Q2 24
$4.7M
$40.0K
Q1 24
$-1.1M
$-2.5M
FCF Margin
FSI
FSI
MCHX
MCHX
Q4 25
-44.3%
Q3 25
0.4%
Q2 25
37.9%
Q1 25
-12.0%
Q4 24
-47.0%
6.3%
Q3 24
13.6%
1.6%
Q2 24
44.9%
0.3%
Q1 24
-11.7%
-21.4%
Capex Intensity
FSI
FSI
MCHX
MCHX
Q4 25
11.7%
Q3 25
18.7%
0.0%
Q2 25
8.6%
Q1 25
4.7%
Q4 24
22.8%
1.0%
Q3 24
13.0%
1.5%
Q2 24
11.3%
0.6%
Q1 24
5.2%
0.0%
Cash Conversion
FSI
FSI
MCHX
MCHX
Q4 25
Q3 25
Q2 25
2.60×
9.56×
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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