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Side-by-side financial comparison of GOLDEN HEAVEN GROUP HOLDINGS LTD. (GDHG) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $15.3M, roughly 1.2× GOLDEN HEAVEN GROUP HOLDINGS LTD.). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -56.2%, a 59.9% gap on every dollar of revenue.

Golden Heaven Group Holdings Ltd. operates large-scale amusement parks, cultural tourism complexes and family-focused leisure venues primarily across mainland China. Its core services include thrill rides, themed entertainment zones, cultural experience activities, plus supporting catering and retail offerings, catering to leisure demands of consumers across all age groups.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

GDHG vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.2× larger
SLP
$18.4M
$15.3M
GDHG
Higher net margin
SLP
SLP
59.9% more per $
SLP
3.7%
-56.2%
GDHG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GDHG
GDHG
SLP
SLP
Revenue
$15.3M
$18.4M
Net Profit
$-8.6M
$676.0K
Gross Margin
50.2%
59.1%
Operating Margin
-44.5%
3.9%
Net Margin
-56.2%
3.7%
Revenue YoY
-2.7%
Net Profit YoY
228.2%
EPS (diluted)
$-10.83
$0.03

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
GDHG
GDHG
SLP
SLP
Q4 25
$18.4M
Q3 25
$15.3M
$17.5M
Q2 25
$20.4M
Q1 25
$13.8M
$22.4M
Q4 24
$18.9M
Q3 24
$18.7M
Q2 24
$18.5M
Q1 24
$13.8M
$18.3M
Net Profit
GDHG
GDHG
SLP
SLP
Q4 25
$676.0K
Q3 25
$-8.6M
$-681.0K
Q2 25
$-67.3M
Q1 25
$3.1M
Q4 24
$206.0K
Q3 24
$843.0K
Q2 24
$3.1M
Q1 24
$2.5M
$4.0M
Gross Margin
GDHG
GDHG
SLP
SLP
Q4 25
59.1%
Q3 25
50.2%
56.4%
Q2 25
64.0%
Q1 25
52.0%
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
52.0%
72.2%
Operating Margin
GDHG
GDHG
SLP
SLP
Q4 25
3.9%
Q3 25
-44.5%
3.8%
Q2 25
-364.5%
Q1 25
12.1%
Q4 24
0.7%
Q3 24
-6.2%
Q2 24
10.1%
Q1 24
25.5%
24.3%
Net Margin
GDHG
GDHG
SLP
SLP
Q4 25
3.7%
Q3 25
-56.2%
-3.9%
Q2 25
-330.6%
Q1 25
13.7%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
16.9%
Q1 24
18.4%
22.0%
EPS (diluted)
GDHG
GDHG
SLP
SLP
Q4 25
$0.03
Q3 25
$-10.83
$-0.03
Q2 25
$-3.35
Q1 25
$0.15
Q4 24
$0.01
Q3 24
$0.04
Q2 24
$0.15
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
GDHG
GDHG
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$86.0M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$180.7M
$127.1M
Total Assets
$191.4M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDHG
GDHG
SLP
SLP
Q4 25
$35.7M
Q3 25
$86.0M
$32.4M
Q2 25
$28.4M
Q1 25
$19.8M
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$119.0M
Q1 24
$129.4K
$108.5M
Stockholders' Equity
GDHG
GDHG
SLP
SLP
Q4 25
$127.1M
Q3 25
$180.7M
$124.8M
Q2 25
$123.8M
Q1 25
$83.7M
$189.5M
Q4 24
$184.7M
Q3 24
$182.4M
Q2 24
$180.9M
Q1 24
$64.3M
$177.0M
Total Assets
GDHG
GDHG
SLP
SLP
Q4 25
$137.8M
Q3 25
$191.4M
$131.9M
Q2 25
$134.4M
Q1 25
$98.6M
$201.4M
Q4 24
$196.9M
Q3 24
$196.6M
Q2 24
$192.7M
Q1 24
$82.9M
$194.0M

Cash Flow & Capital Efficiency

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

Metric
GDHG
GDHG
SLP
SLP
Operating Cash FlowLast quarter
$19.0M
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDHG
GDHG
SLP
SLP
Q4 25
$4.2M
Q3 25
$19.0M
$5.6M
Q2 25
$8.1M
Q1 25
$5.7M
Q4 24
$-1.3M
Q3 24
$1.7M
Q2 24
$5.7M
Q1 24
$-911.6K
$5.8M
Free Cash Flow
GDHG
GDHG
SLP
SLP
Q4 25
Q3 25
$5.3M
Q2 25
$7.8M
Q1 25
$5.6M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$-924.9K
$5.4M
FCF Margin
GDHG
GDHG
SLP
SLP
Q4 25
Q3 25
30.5%
Q2 25
38.5%
Q1 25
25.0%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
-6.7%
29.4%
Capex Intensity
GDHG
GDHG
SLP
SLP
Q4 25
0.0%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
0.1%
2.4%
Cash Conversion
GDHG
GDHG
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
-0.36×
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GDHG
GDHG

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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