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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) 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 $16.5M, roughly 1.5× FrontView REIT, Inc.). TRX GOLD Corp runs the higher net margin — -2.0% vs -24.9%, a 22.9% gap on every dollar of revenue.

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.

FVR vs TRX — Head-to-Head

Bigger by revenue
TRX
TRX
1.5× larger
TRX
$25.1M
$16.5M
FVR
Higher net margin
TRX
TRX
22.9% more per $
TRX
-2.0%
-24.9%
FVR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FVR
FVR
TRX
TRX
Revenue
$16.5M
$25.1M
Net Profit
$-4.1M
$-496.0K
Gross Margin
56.6%
Operating Margin
Net Margin
-24.9%
-2.0%
Revenue YoY
100.5%
Net Profit YoY
-123.2%
EPS (diluted)
$-0.19
$-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
FVR
FVR
TRX
TRX
Q4 25
$16.5M
$25.1M
Q3 25
$16.8M
Q2 25
$17.6M
$12.5M
Q1 25
$16.2M
$9.1M
Q4 24
$12.5M
Q3 24
$14.5M
Q2 24
$10.1M
Q1 24
$8.0M
Net Profit
FVR
FVR
TRX
TRX
Q4 25
$-4.1M
$-496.0K
Q3 25
$4.0M
Q2 25
$-2.9M
$1.1M
Q1 25
$-833.0K
$-1.9M
Q4 24
$2.1M
Q3 24
$-2.4M
Q2 24
$-1.7M
Q1 24
$1.9M
Gross Margin
FVR
FVR
TRX
TRX
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Net Margin
FVR
FVR
TRX
TRX
Q4 25
-24.9%
-2.0%
Q3 25
23.9%
Q2 25
-16.5%
8.9%
Q1 25
-5.1%
-21.3%
Q4 24
17.1%
Q3 24
-16.7%
Q2 24
-16.3%
Q1 24
24.1%
EPS (diluted)
FVR
FVR
TRX
TRX
Q4 25
$-0.19
$-0.01
Q3 25
$0.19
Q2 25
$-0.16
$0.00
Q1 25
$-0.06
$-0.01
Q4 24
$0.00
Q3 24
Q2 24
$-0.01
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$13.5M
$9.2M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$391.2M
$74.5M
Total Assets
$854.4M
$129.6M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
TRX
TRX
Q4 25
$13.5M
$9.2M
Q3 25
$19.6M
Q2 25
$8.4M
$3.6M
Q1 25
$3.3M
$6.0M
Q4 24
$6.8M
Q3 24
Q2 24
$7.7M
Q1 24
$8.0M
Total Debt
FVR
FVR
TRX
TRX
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FVR
FVR
TRX
TRX
Q4 25
$391.2M
$74.5M
Q3 25
$385.2M
Q2 25
$369.9M
$69.0M
Q1 25
$324.7M
$67.5M
Q4 24
$68.4M
Q3 24
$1.0K
Q2 24
$62.5M
Q1 24
$63.9M
Total Assets
FVR
FVR
TRX
TRX
Q4 25
$854.4M
$129.6M
Q3 25
$846.8M
Q2 25
$856.5M
$112.3M
Q1 25
$860.8M
$106.7M
Q4 24
$102.6M
Q3 24
$1.0K
Q2 24
$92.6M
Q1 24
$88.2M
Debt / Equity
FVR
FVR
TRX
TRX
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FVR
FVR
TRX
TRX
Operating Cash FlowLast quarter
$42.1M
$4.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
TRX
TRX
Q4 25
$42.1M
$4.0M
Q3 25
$8.3M
Q2 25
$9.3M
$3.4M
Q1 25
$8.1M
$2.0M
Q4 24
$2.4M
Q3 24
Q2 24
$3.1M
Q1 24
$1.0M
Cash Conversion
FVR
FVR
TRX
TRX
Q4 25
Q3 25
2.06×
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
Q2 24
Q1 24
0.54×

Financial Flow Comparison

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

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