vs

Side-by-side financial comparison of Gauzy Ltd. (GAUZ) and TANDY LEATHER FACTORY INC (TLF). Click either name above to swap in a different company.

TANDY LEATHER FACTORY INC is the larger business by last-quarter revenue ($22.3M vs $20.1M, roughly 1.1× Gauzy Ltd.). TANDY LEATHER FACTORY INC runs the higher net margin — -4.2% vs -53.5%, a 49.4% gap on every dollar of revenue. On growth, TANDY LEATHER FACTORY INC posted the faster year-over-year revenue change (8.7% vs -17.8%). TANDY LEATHER FACTORY INC produced more free cash flow last quarter ($4.0M vs $-7.5M).

Gauzy Ltd. is a technology firm specializing in advanced liquid crystal-based smart glass solutions. Its product portfolio includes switchable light control films, adaptive glass, and integrated sensing systems, serving core markets of automotive manufacturing, construction, and consumer electronics globally.

Tandy Leather Factory, Inc. is an American specialty retailer and wholesale distributor of leather and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the Tandy Corporation, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.

GAUZ vs TLF — Head-to-Head

Bigger by revenue
TLF
TLF
1.1× larger
TLF
$22.3M
$20.1M
GAUZ
Growing faster (revenue YoY)
TLF
TLF
+26.5% gap
TLF
8.7%
-17.8%
GAUZ
Higher net margin
TLF
TLF
49.4% more per $
TLF
-4.2%
-53.5%
GAUZ
More free cash flow
TLF
TLF
$11.6M more FCF
TLF
$4.0M
$-7.5M
GAUZ

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GAUZ
GAUZ
TLF
TLF
Revenue
$20.1M
$22.3M
Net Profit
$-10.7M
$-930.0K
Gross Margin
21.4%
54.3%
Operating Margin
-62.4%
-2.8%
Net Margin
-53.5%
-4.2%
Revenue YoY
-17.8%
8.7%
Net Profit YoY
53.5%
-379.3%
EPS (diluted)
$-0.57
$-0.18

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
GAUZ
GAUZ
TLF
TLF
Q4 25
$22.3M
Q3 25
$17.3M
Q2 25
$20.1M
$17.8M
Q1 25
$19.0M
Q4 24
$20.5M
Q3 24
$17.4M
Q2 24
$24.4M
$17.3M
Q1 24
$19.3M
Net Profit
GAUZ
GAUZ
TLF
TLF
Q4 25
$-930.0K
Q3 25
$-1.4M
Q2 25
$-10.7M
$-199.0K
Q1 25
$11.6M
Q4 24
$333.0K
Q3 24
$-132.0K
Q2 24
$-23.1M
$101.0K
Q1 24
$525.0K
Gross Margin
GAUZ
GAUZ
TLF
TLF
Q4 25
54.3%
Q3 25
58.9%
Q2 25
21.4%
59.5%
Q1 25
56.3%
Q4 24
53.0%
Q3 24
57.8%
Q2 24
27.0%
58.0%
Q1 24
56.7%
Operating Margin
GAUZ
GAUZ
TLF
TLF
Q4 25
-2.8%
Q3 25
-3.9%
Q2 25
-62.4%
0.4%
Q1 25
1.4%
Q4 24
0.9%
Q3 24
-1.5%
Q2 24
-32.5%
0.4%
Q1 24
3.4%
Net Margin
GAUZ
GAUZ
TLF
TLF
Q4 25
-4.2%
Q3 25
-7.8%
Q2 25
-53.5%
-1.1%
Q1 25
60.8%
Q4 24
1.6%
Q3 24
-0.8%
Q2 24
-94.6%
0.6%
Q1 24
2.7%
EPS (diluted)
GAUZ
GAUZ
TLF
TLF
Q4 25
$-0.18
Q3 25
$-0.17
Q2 25
$-0.57
$-0.02
Q1 25
$1.47
Q4 24
$0.04
Q3 24
$-0.02
Q2 24
$-2.60
$0.01
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
GAUZ
GAUZ
TLF
TLF
Cash + ST InvestmentsLiquidity on hand
$1.2M
$16.1M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$17.9M
$52.6M
Total Assets
$136.8M
$86.6M
Debt / EquityLower = less leverage
2.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GAUZ
GAUZ
TLF
TLF
Q4 25
$16.1M
Q3 25
$12.0M
Q2 25
$1.2M
$16.4M
Q1 25
$23.6M
Q4 24
$13.3M
Q3 24
$10.1M
Q2 24
$63.7M
$11.5M
Q1 24
$12.3M
Total Debt
GAUZ
GAUZ
TLF
TLF
Q4 25
Q3 25
Q2 25
$44.0M
Q1 25
Q4 24
Q3 24
Q2 24
$35.4M
Q1 24
Stockholders' Equity
GAUZ
GAUZ
TLF
TLF
Q4 25
$52.6M
Q3 25
$53.4M
Q2 25
$17.9M
$56.1M
Q1 25
$55.8M
Q4 24
$57.2M
Q3 24
$57.6M
Q2 24
$63.4M
$57.5M
Q1 24
$57.2M
Total Assets
GAUZ
GAUZ
TLF
TLF
Q4 25
$86.6M
Q3 25
$84.5M
Q2 25
$136.8M
$76.5M
Q1 25
$77.9M
Q4 24
$74.9M
Q3 24
$73.0M
Q2 24
$193.1M
$72.8M
Q1 24
$72.4M
Debt / Equity
GAUZ
GAUZ
TLF
TLF
Q4 25
Q3 25
Q2 25
2.46×
Q1 25
Q4 24
Q3 24
Q2 24
0.56×
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
GAUZ
GAUZ
TLF
TLF
Operating Cash FlowLast quarter
$-3.9M
$5.0M
Free Cash FlowOCF − Capex
$-7.5M
$4.0M
FCF MarginFCF / Revenue
-37.5%
18.1%
Capex IntensityCapex / Revenue
18.2%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAUZ
GAUZ
TLF
TLF
Q4 25
$5.0M
Q3 25
$-1.0M
Q2 25
$-3.9M
$-4.0M
Q1 25
$-536.0K
Q4 24
$4.5M
Q3 24
$-535.0K
Q2 24
$-15.7M
$-514.0K
Q1 24
$1.1M
Free Cash Flow
GAUZ
GAUZ
TLF
TLF
Q4 25
$4.0M
Q3 25
$-3.0M
Q2 25
$-7.5M
$-7.3M
Q1 25
$-1.9M
Q4 24
$3.8M
Q3 24
$-1.4M
Q2 24
$-20.0M
$-715.0K
Q1 24
$-141.0K
FCF Margin
GAUZ
GAUZ
TLF
TLF
Q4 25
18.1%
Q3 25
-17.2%
Q2 25
-37.5%
-41.0%
Q1 25
-9.8%
Q4 24
18.8%
Q3 24
-8.2%
Q2 24
-82.0%
-4.1%
Q1 24
-0.7%
Capex Intensity
GAUZ
GAUZ
TLF
TLF
Q4 25
4.3%
Q3 25
11.2%
Q2 25
18.2%
18.7%
Q1 25
7.0%
Q4 24
3.3%
Q3 24
5.1%
Q2 24
17.8%
1.2%
Q1 24
6.4%
Cash Conversion
GAUZ
GAUZ
TLF
TLF
Q4 25
Q3 25
Q2 25
Q1 25
-0.05×
Q4 24
13.55×
Q3 24
Q2 24
-5.09×
Q1 24
2.07×

Financial Flow Comparison

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

Related Comparisons