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Side-by-side financial comparison of HENNESSY ADVISORS INC (HNNA) and Protalix BioTherapeutics, Inc. (PLX). Click either name above to swap in a different company.

Protalix BioTherapeutics, Inc. is the larger business by last-quarter revenue ($9.1M vs $8.3M, roughly 1.1× HENNESSY ADVISORS INC). HENNESSY ADVISORS INC runs the higher net margin — 23.2% vs -60.3%, a 83.5% gap on every dollar of revenue. On growth, HENNESSY ADVISORS INC posted the faster year-over-year revenue change (-14.3% vs -49.9%). Protalix BioTherapeutics, Inc. produced more free cash flow last quarter ($1.6M vs $601.0K). Over the past eight quarters, HENNESSY ADVISORS INC's revenue compounded faster (9.5% CAGR vs -6.7%).

Hennessy Advisors Inc is a US-headquartered publicly traded investment management firm. It provides a suite of mutual funds, separately managed accounts, and professional investment advisory services to individual investors, financial intermediaries, and institutional clients, with core offerings covering customized equity and fixed income strategies aligned with varied risk appetites and long-term financial objectives.

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

HNNA vs PLX — Head-to-Head

Bigger by revenue
PLX
PLX
1.1× larger
PLX
$9.1M
$8.3M
HNNA
Growing faster (revenue YoY)
HNNA
HNNA
+35.6% gap
HNNA
-14.3%
-49.9%
PLX
Higher net margin
HNNA
HNNA
83.5% more per $
HNNA
23.2%
-60.3%
PLX
More free cash flow
PLX
PLX
$1.0M more FCF
PLX
$1.6M
$601.0K
HNNA
Faster 2-yr revenue CAGR
HNNA
HNNA
Annualised
HNNA
9.5%
-6.7%
PLX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HNNA
HNNA
PLX
PLX
Revenue
$8.3M
$9.1M
Net Profit
$1.9M
$-5.5M
Gross Margin
49.4%
Operating Margin
31.3%
-51.1%
Net Margin
23.2%
-60.3%
Revenue YoY
-14.3%
-49.9%
Net Profit YoY
-31.9%
-184.8%
EPS (diluted)
$0.24
$-0.06

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
HNNA
HNNA
PLX
PLX
Q4 25
$8.3M
$9.1M
Q3 25
$8.5M
$17.9M
Q2 25
$8.1M
$15.7M
Q1 25
$9.3M
$10.1M
Q4 24
$9.7M
$18.2M
Q3 24
$8.8M
$18.0M
Q2 24
$7.8M
$13.5M
Q1 24
$6.9M
Net Profit
HNNA
HNNA
PLX
PLX
Q4 25
$1.9M
$-5.5M
Q3 25
$2.4M
$2.4M
Q2 25
$2.1M
$164.0K
Q1 25
$2.6M
$-3.6M
Q4 24
$2.8M
$6.5M
Q3 24
$2.3M
$3.2M
Q2 24
$2.0M
$-2.2M
Q1 24
$1.5M
Gross Margin
HNNA
HNNA
PLX
PLX
Q4 25
49.4%
Q3 25
53.4%
Q2 25
62.5%
Q1 25
19.1%
Q4 24
78.7%
Q3 24
53.4%
Q2 24
29.8%
Q1 24
Operating Margin
HNNA
HNNA
PLX
PLX
Q4 25
31.3%
-51.1%
Q3 25
35.5%
11.9%
Q2 25
35.4%
7.5%
Q1 25
37.2%
-41.0%
Q4 24
39.5%
39.6%
Q3 24
33.5%
22.2%
Q2 24
33.2%
-18.0%
Q1 24
27.7%
Net Margin
HNNA
HNNA
PLX
PLX
Q4 25
23.2%
-60.3%
Q3 25
28.5%
13.2%
Q2 25
26.3%
1.0%
Q1 25
27.8%
-35.8%
Q4 24
29.2%
35.6%
Q3 24
26.5%
18.0%
Q2 24
26.1%
-16.4%
Q1 24
22.2%
EPS (diluted)
HNNA
HNNA
PLX
PLX
Q4 25
$0.24
$-0.06
Q3 25
$0.32
$0.03
Q2 25
$0.26
$0.00
Q1 25
$0.33
$-0.05
Q4 24
$0.36
$0.10
Q3 24
$0.30
$0.03
Q2 24
$0.26
$-0.03
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
HNNA
HNNA
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$72.0M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$98.9M
$48.2M
Total Assets
$159.6M
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNNA
HNNA
PLX
PLX
Q4 25
$72.0M
$14.7M
Q3 25
$72.4M
$13.6M
Q2 25
$70.3M
$17.9M
Q1 25
$67.6M
$19.5M
Q4 24
$65.0M
$19.8M
Q3 24
$63.9M
$27.4M
Q2 24
$62.0M
$23.4M
Q1 24
$59.6M
Stockholders' Equity
HNNA
HNNA
PLX
PLX
Q4 25
$98.9M
$48.2M
Q3 25
$97.7M
$52.9M
Q2 25
$96.5M
$49.9M
Q1 25
$95.2M
$45.2M
Q4 24
$93.4M
$43.2M
Q3 24
$91.3M
$32.4M
Q2 24
$90.2M
$28.6M
Q1 24
$88.9M
Total Assets
HNNA
HNNA
PLX
PLX
Q4 25
$159.6M
$82.3M
Q3 25
$160.5M
$82.3M
Q2 25
$158.0M
$78.5M
Q1 25
$155.5M
$73.9M
Q4 24
$153.3M
$73.4M
Q3 24
$152.1M
$61.6M
Q2 24
$149.5M
$91.5M
Q1 24
$147.3M

Cash Flow & Capital Efficiency

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

Metric
HNNA
HNNA
PLX
PLX
Operating Cash FlowLast quarter
$661.0K
$2.0M
Free Cash FlowOCF − Capex
$601.0K
$1.6M
FCF MarginFCF / Revenue
7.2%
17.8%
Capex IntensityCapex / Revenue
0.7%
4.4%
Cash ConversionOCF / Net Profit
0.34×
TTM Free Cash FlowTrailing 4 quarters
$21.6M
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNNA
HNNA
PLX
PLX
Q4 25
$661.0K
$2.0M
Q3 25
$13.8M
$-3.7M
Q2 25
$4.0M
$-5.2M
Q1 25
$3.7M
$-5.1M
Q4 24
$2.2M
$4.0M
Q3 24
$9.3M
$4.1M
Q2 24
$3.6M
$-3.6M
Q1 24
$1.9M
Free Cash Flow
HNNA
HNNA
PLX
PLX
Q4 25
$601.0K
$1.6M
Q3 25
$13.4M
$-4.2M
Q2 25
$3.9M
$-5.7M
Q1 25
$3.7M
$-5.4M
Q4 24
$2.1M
$3.6M
Q3 24
$9.0M
$4.0M
Q2 24
$3.5M
$-3.8M
Q1 24
$1.8M
FCF Margin
HNNA
HNNA
PLX
PLX
Q4 25
7.2%
17.8%
Q3 25
157.1%
-23.7%
Q2 25
49.0%
-36.2%
Q1 25
39.5%
-53.0%
Q4 24
21.8%
19.6%
Q3 24
102.1%
22.4%
Q2 24
44.4%
-28.1%
Q1 24
26.0%
Capex Intensity
HNNA
HNNA
PLX
PLX
Q4 25
0.7%
4.4%
Q3 25
5.2%
2.8%
Q2 25
0.8%
2.8%
Q1 25
0.9%
3.0%
Q4 24
1.2%
2.3%
Q3 24
3.6%
0.5%
Q2 24
1.2%
1.3%
Q1 24
1.0%
Cash Conversion
HNNA
HNNA
PLX
PLX
Q4 25
0.34×
Q3 25
5.69×
-1.58×
Q2 25
1.89×
-31.91×
Q1 25
1.45×
Q4 24
0.79×
0.61×
Q3 24
3.98×
1.27×
Q2 24
1.75×
Q1 24
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNNA
HNNA

Investment Advice$7.8M93%
Other$559.0K7%

PLX
PLX

Products$8.7M95%
Other$428.0K5%

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