vs

Side-by-side financial comparison of FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

Village Farms International, Inc. is the larger business by last-quarter revenue ($12.2M vs $9.1M, roughly 1.3× FLEXIBLE SOLUTIONS INTERNATIONAL INC). Village Farms International, Inc. runs the higher net margin — 19.9% vs -5.1%, a 24.9% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs -0.5%).

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.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

FSI vs VFF — Head-to-Head

Bigger by revenue
VFF
VFF
1.3× larger
VFF
$12.2M
$9.1M
FSI
Growing faster (revenue YoY)
VFF
VFF
+32.0% gap
VFF
31.5%
-0.5%
FSI
Higher net margin
VFF
VFF
24.9% more per $
VFF
19.9%
-5.1%
FSI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FSI
FSI
VFF
VFF
Revenue
$9.1M
$12.2M
Net Profit
$-460.9K
$2.4M
Gross Margin
29.4%
Operating Margin
11.6%
Net Margin
-5.1%
19.9%
Revenue YoY
-0.5%
31.5%
Net Profit YoY
-167.8%
128.2%
EPS (diluted)
$-0.03
$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
FSI
FSI
VFF
VFF
Q4 25
$9.1M
$12.2M
Q3 25
$10.6M
$66.7M
Q2 25
$11.4M
$59.9M
Q1 25
$7.5M
$77.1M
Q4 24
$9.2M
Q3 24
$9.3M
$54.9M
Q2 24
$10.5M
$53.6M
Q1 24
$9.2M
$78.1M
Net Profit
FSI
FSI
VFF
VFF
Q4 25
$-460.9K
$2.4M
Q3 25
$-503.4K
$10.2M
Q2 25
$2.0M
$26.5M
Q1 25
$-277.7K
$-6.7M
Q4 24
$679.6K
Q3 24
$611.9K
$-820.0K
Q2 24
$1.3M
$-23.5M
Q1 24
$457.2K
$-2.9M
Gross Margin
FSI
FSI
VFF
VFF
Q4 25
29.4%
Q3 25
23.9%
47.9%
Q2 25
47.4%
37.3%
Q1 25
26.1%
14.7%
Q4 24
29.2%
Q3 24
40.9%
24.8%
Q2 24
37.4%
25.4%
Q1 24
30.6%
19.9%
Operating Margin
FSI
FSI
VFF
VFF
Q4 25
11.6%
Q3 25
2.9%
23.3%
Q2 25
29.0%
20.8%
Q1 25
-0.9%
-8.0%
Q4 24
9.4%
Q3 24
20.5%
3.8%
Q2 24
18.7%
-43.5%
Q1 24
8.3%
-3.0%
Net Margin
FSI
FSI
VFF
VFF
Q4 25
-5.1%
19.9%
Q3 25
-4.8%
15.3%
Q2 25
17.8%
44.2%
Q1 25
-3.7%
-8.7%
Q4 24
7.4%
Q3 24
6.6%
-1.5%
Q2 24
12.3%
-43.9%
Q1 24
5.0%
-3.7%
EPS (diluted)
FSI
FSI
VFF
VFF
Q4 25
$-0.03
$0.01
Q3 25
$-0.04
$0.08
Q2 25
$0.15
$0.24
Q1 25
$-0.02
$-0.06
Q4 24
$0.05
Q3 24
$0.05
$-0.01
Q2 24
$0.10
$-0.21
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
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$81.2M
Total DebtLower is stronger
$4.4M
$33.7M
Stockholders' EquityBook value
$38.9M
$299.9M
Total Assets
$61.8M
$423.1M
Debt / EquityLower = less leverage
0.11×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSI
FSI
VFF
VFF
Q4 25
$81.2M
Q3 25
$82.6M
Q2 25
$10.0M
$60.0M
Q1 25
$11.0M
$15.1M
Q4 24
$10.0M
Q3 24
$13.0M
$28.7M
Q2 24
$9.2M
$29.7M
Q1 24
$8.3M
$26.7M
Total Debt
FSI
FSI
VFF
VFF
Q4 25
$4.4M
$33.7M
Q3 25
$7.1M
$34.6M
Q2 25
$7.5M
$39.1M
Q1 25
$8.1M
$39.2M
Q4 24
$8.8M
Q3 24
$9.4M
$43.3M
Q2 24
$8.3M
$44.4M
Q1 24
$8.0M
$46.1M
Stockholders' Equity
FSI
FSI
VFF
VFF
Q4 25
$38.9M
$299.9M
Q3 25
$39.0M
$295.4M
Q2 25
$39.4M
$284.3M
Q1 25
$38.4M
$248.3M
Q4 24
$38.0M
Q3 24
$36.9M
$274.4M
Q2 24
$36.2M
$275.2M
Q1 24
$36.0M
$296.2M
Total Assets
FSI
FSI
VFF
VFF
Q4 25
$61.8M
$423.1M
Q3 25
$58.4M
$418.4M
Q2 25
$58.2M
$403.7M
Q1 25
$61.7M
$377.1M
Q4 24
$60.0M
Q3 24
$57.8M
$417.8M
Q2 24
$56.3M
$425.4M
Q1 24
$57.6M
$458.4M
Debt / Equity
FSI
FSI
VFF
VFF
Q4 25
0.11×
0.11×
Q3 25
0.18×
0.12×
Q2 25
0.19×
0.14×
Q1 25
0.21×
0.16×
Q4 24
0.23×
Q3 24
0.25×
0.16×
Q2 24
0.23×
0.16×
Q1 24
0.22×
0.16×

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
VFF
VFF
Operating Cash FlowLast quarter
$-3.0M
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-44.3%
Capex IntensityCapex / Revenue
11.7%
90.8%
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
VFF
VFF
Q4 25
$-3.0M
Q3 25
$2.0M
$24.4M
Q2 25
$5.3M
Q1 25
$-544.3K
$-6.4M
Q4 24
$-2.2M
Q3 24
$2.5M
$4.3M
Q2 24
$5.9M
$5.7M
Q1 24
$-604.8K
$-50.0K
Free Cash Flow
FSI
FSI
VFF
VFF
Q4 25
$-4.0M
Q3 25
$39.4K
$22.6M
Q2 25
$4.3M
Q1 25
$-898.4K
$-8.9M
Q4 24
$-4.3M
Q3 24
$1.3M
$1.5M
Q2 24
$4.7M
$4.8M
Q1 24
$-1.1M
$-1.9M
FCF Margin
FSI
FSI
VFF
VFF
Q4 25
-44.3%
Q3 25
0.4%
33.9%
Q2 25
37.9%
Q1 25
-12.0%
-11.6%
Q4 24
-47.0%
Q3 24
13.6%
2.7%
Q2 24
44.9%
9.0%
Q1 24
-11.7%
-2.5%
Capex Intensity
FSI
FSI
VFF
VFF
Q4 25
11.7%
90.8%
Q3 25
18.7%
2.7%
Q2 25
8.6%
4.6%
Q1 25
4.7%
3.3%
Q4 24
22.8%
Q3 24
13.0%
5.1%
Q2 24
11.3%
1.6%
Q1 24
5.2%
2.4%
Cash Conversion
FSI
FSI
VFF
VFF
Q4 25
Q3 25
2.39×
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.

Revenue Breakdown by Segment

FSI
FSI

Segment breakdown not available.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

Related Comparisons