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Side-by-side financial comparison of HWH International Inc. (HWH) and Tivic Health Systems, Inc. (TIVC). Click either name above to swap in a different company.
HWH International Inc. is the larger business by last-quarter revenue ($206.8K vs $146.0K, roughly 1.4× Tivic Health Systems, Inc.). HWH International Inc. runs the higher net margin — -140.7% vs -1778.1%, a 1637.3% gap on every dollar of revenue. On growth, Tivic Health Systems, Inc. posted the faster year-over-year revenue change (15.9% vs -40.2%). HWH International Inc. produced more free cash flow last quarter ($-217.9K vs $-2.0M).
HWH International Inc operates in the global luxury hospitality and lifestyle services industry, providing premium travel membership programs, curated high-end travel experiences, and exclusive access to luxury resorts, fine dining venues, and premium leisure facilities. Its key markets include North America, Asia Pacific, and Europe, serving high-net-worth individuals and corporate clients.
Tivic Health Systems, Inc. is a medical technology firm that develops and sells non-invasive, drug-free bioelectronic devices for chronic health condition management. Its flagship product relieves sinus pain and congestion, serving US consumer healthcare markets, with ongoing R&D for new devices targeting other common ailments.
HWH vs TIVC — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $206.8K | $146.0K |
| Net Profit | $-291.0K | $-2.6M |
| Gross Margin | 59.8% | -99.3% |
| Operating Margin | -142.7% | -1700.7% |
| Net Margin | -140.7% | -1778.1% |
| Revenue YoY | -40.2% | 15.9% |
| Net Profit YoY | 46.9% | -81.4% |
| EPS (diluted) | — | — |
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.
| Q3 25 | $206.8K | $146.0K | ||
| Q2 25 | $310.4K | $86.0K | ||
| Q1 25 | — | $70.0K | ||
| Q4 24 | $287.1K | $180.0K | ||
| Q3 24 | $345.5K | $126.0K | ||
| Q2 24 | $334.9K | $140.0K | ||
| Q1 24 | $286.1K | $334.0K | ||
| Q4 23 | — | $357.0K |
| Q3 25 | $-291.0K | $-2.6M | ||
| Q2 25 | $83.4K | $-1.9M | ||
| Q1 25 | — | $-1.5M | ||
| Q4 24 | $-476.7K | $-1.5M | ||
| Q3 24 | $-548.5K | $-1.4M | ||
| Q2 24 | $-387.9K | $-1.3M | ||
| Q1 24 | $-1.3M | $-1.5M | ||
| Q4 23 | — | $-2.2M |
| Q3 25 | 59.8% | -99.3% | ||
| Q2 25 | 48.0% | 62.8% | ||
| Q1 25 | — | 71.4% | ||
| Q4 24 | 39.6% | -132.8% | ||
| Q3 24 | 46.3% | 34.9% | ||
| Q2 24 | 49.2% | 21.4% | ||
| Q1 24 | 57.1% | 50.0% | ||
| Q4 23 | — | 1.4% |
| Q3 25 | -142.7% | -1700.7% | ||
| Q2 25 | 24.5% | -2248.8% | ||
| Q1 25 | — | -2151.4% | ||
| Q4 24 | -170.2% | -165.6% | ||
| Q3 24 | -155.5% | -1135.7% | ||
| Q2 24 | -120.5% | -904.3% | ||
| Q1 24 | -467.1% | -443.4% | ||
| Q4 23 | — | -628.6% |
| Q3 25 | -140.7% | -1778.1% | ||
| Q2 25 | 26.9% | -2245.3% | ||
| Q1 25 | — | -2145.7% | ||
| Q4 24 | -166.1% | -820.6% | ||
| Q3 24 | -158.7% | -1135.7% | ||
| Q2 24 | -115.8% | -904.3% | ||
| Q1 24 | -467.2% | -443.4% | ||
| Q4 23 | — | -628.3% |
| Q3 25 | — | — | ||
| Q2 25 | — | $-2.19 | ||
| Q1 25 | — | $-2.52 | ||
| Q4 24 | — | $3.07 | ||
| Q3 24 | — | $-0.23 | ||
| Q2 24 | — | $-5.37 | ||
| Q1 24 | — | $-17.15 | ||
| Q4 23 | — | $-157.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.9M | $3.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.8M | $3.4M |
| Total Assets | $5.2M | $6.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $2.9M | $3.5M | ||
| Q2 25 | $3.7M | $1.2M | ||
| Q1 25 | — | $669.0K | ||
| Q4 24 | $4.4M | $2.0M | ||
| Q3 24 | $836.3K | $2.2M | ||
| Q2 24 | $958.9K | $3.7M | ||
| Q1 24 | $1.1M | $1.7M | ||
| Q4 23 | — | $3.4M |
| Q3 25 | $2.8M | $3.4M | ||
| Q2 25 | $3.2M | $3.3M | ||
| Q1 25 | — | $3.0M | ||
| Q4 24 | $2.8M | $2.5M | ||
| Q3 24 | $-374.9K | $2.8M | ||
| Q2 24 | $-3.6M | $4.2M | ||
| Q1 24 | $-3.1M | $2.2M | ||
| Q4 23 | — | $3.6M |
| Q3 25 | $5.2M | $6.2M | ||
| Q2 25 | $10.6M | $4.5M | ||
| Q1 25 | — | $3.8M | ||
| Q4 24 | $6.4M | $2.8M | ||
| Q3 24 | $2.9M | $3.4M | ||
| Q2 24 | $3.1M | $4.8M | ||
| Q1 24 | $2.6M | $3.3M | ||
| Q4 23 | — | $5.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-199.9K | $-2.0M |
| Free Cash FlowOCF − Capex | $-217.9K | $-2.0M |
| FCF MarginFCF / Revenue | -105.4% | -1374.0% |
| Capex IntensityCapex / Revenue | 8.7% | 6.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $-199.9K | $-2.0M | ||
| Q2 25 | $26.9K | $-1.8M | ||
| Q1 25 | — | $-889.0K | ||
| Q4 24 | $-415.2K | $-1.4M | ||
| Q3 24 | $-275.0K | $-1.4M | ||
| Q2 24 | $-490.8K | $-1.3M | ||
| Q1 24 | $-638.2K | $-1.7M | ||
| Q4 23 | — | $-1.8M |
| Q3 25 | $-217.9K | $-2.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-415.5K | — | ||
| Q3 24 | $-277.1K | — | ||
| Q2 24 | $-516.8K | — | ||
| Q1 24 | $-640.3K | — | ||
| Q4 23 | — | — |
| Q3 25 | -105.4% | -1374.0% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -144.7% | — | ||
| Q3 24 | -80.2% | — | ||
| Q2 24 | -154.3% | — | ||
| Q1 24 | -223.8% | — | ||
| Q4 23 | — | — |
| Q3 25 | 8.7% | 6.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 0.7% | — | ||
| Q4 23 | — | 0.0% |
| Q3 25 | — | — | ||
| Q2 25 | 0.32× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
