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Side-by-side financial comparison of HYDROFARM HOLDINGS GROUP, INC. (HYFM) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

HYDROFARM HOLDINGS GROUP, INC. is the larger business by last-quarter revenue ($25.1M vs $19.1M, roughly 1.3× Americas Gold & Silver Corp). Americas Gold & Silver Corp runs the higher net margin — -82.3% vs -963.9%, a 881.5% gap on every dollar of revenue. On growth, Americas Gold & Silver Corp posted the faster year-over-year revenue change (-28.0% vs -32.7%). HYDROFARM HOLDINGS GROUP, INC. produced more free cash flow last quarter ($-4.3M vs $-41.3M).

Hydrofarm Inc. (HYFM) is an American company specializing in the distribution and manufacture of controlled environment agriculture equipment and supplies.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

HYFM vs USAS — Head-to-Head

Bigger by revenue
HYFM
HYFM
1.3× larger
HYFM
$25.1M
$19.1M
USAS
Growing faster (revenue YoY)
USAS
USAS
+4.6% gap
USAS
-28.0%
-32.7%
HYFM
Higher net margin
USAS
USAS
881.5% more per $
USAS
-82.3%
-963.9%
HYFM
More free cash flow
HYFM
HYFM
$37.0M more FCF
HYFM
$-4.3M
$-41.3M
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
HYFM
HYFM
USAS
USAS
Revenue
$25.1M
$19.1M
Net Profit
$-242.2M
$-15.7M
Gross Margin
8.5%
34.2%
Operating Margin
-953.8%
Net Margin
-963.9%
-82.3%
Revenue YoY
-32.7%
-28.0%
Net Profit YoY
-1282.7%
2.8%
EPS (diluted)
$-52.09

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
HYFM
HYFM
USAS
USAS
Q4 25
$25.1M
Q3 25
$29.4M
$19.1M
Q2 25
$39.2M
Q1 25
$40.5M
Q4 24
$37.3M
Q3 24
$44.0M
$26.5M
Q2 24
$54.8M
Q1 24
$54.2M
Net Profit
HYFM
HYFM
USAS
USAS
Q4 25
$-242.2M
Q3 25
$-16.4M
$-15.7M
Q2 25
$-16.9M
Q1 25
$-14.4M
Q4 24
$-17.5M
Q3 24
$-13.1M
$-16.2M
Q2 24
$-23.4M
Q1 24
$-12.6M
Gross Margin
HYFM
HYFM
USAS
USAS
Q4 25
8.5%
Q3 25
11.6%
34.2%
Q2 25
7.1%
Q1 25
17.0%
Q4 24
4.9%
Q3 24
19.4%
23.6%
Q2 24
19.8%
Q1 24
20.2%
Operating Margin
HYFM
HYFM
USAS
USAS
Q4 25
-953.8%
Q3 25
-44.1%
Q2 25
-34.0%
Q1 25
-27.1%
Q4 24
-40.5%
Q3 24
-20.5%
Q2 24
-35.3%
Q1 24
-16.1%
Net Margin
HYFM
HYFM
USAS
USAS
Q4 25
-963.9%
Q3 25
-55.8%
-82.3%
Q2 25
-43.0%
Q1 25
-35.5%
Q4 24
-46.9%
Q3 24
-29.9%
-60.9%
Q2 24
-42.8%
Q1 24
-23.3%
EPS (diluted)
HYFM
HYFM
USAS
USAS
Q4 25
$-52.09
Q3 25
$-3.51
Q2 25
$-3.63
Q1 25
$-3.12
Q4 24
$-3.80
Q3 24
$-2.86
Q2 24
$-5.10
Q1 24
$-2.75

Balance Sheet & Financial Strength

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

Metric
HYFM
HYFM
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$6.3M
$39.1M
Total DebtLower is stronger
$50.0K
Stockholders' EquityBook value
$-63.3M
$50.2M
Total Assets
$123.8M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HYFM
HYFM
USAS
USAS
Q4 25
$6.3M
Q3 25
$10.7M
$39.1M
Q2 25
$11.0M
Q1 25
$13.7M
Q4 24
$26.1M
Q3 24
$24.4M
Q2 24
$30.3M
Q1 24
$24.2M
Total Debt
HYFM
HYFM
USAS
USAS
Q4 25
$50.0K
Q3 25
$111.7M
Q2 25
$111.6M
Q1 25
$110.0M
Q4 24
$114.7M
Q3 24
$114.8M
Q2 24
$114.9M
Q1 24
$115.4M
Stockholders' Equity
HYFM
HYFM
USAS
USAS
Q4 25
$-63.3M
Q3 25
$178.3M
$50.2M
Q2 25
$195.0M
Q1 25
$209.9M
Q4 24
$223.7M
Q3 24
$243.0M
$53.1M
Q2 24
$255.0M
Q1 24
$278.0M
Total Assets
HYFM
HYFM
USAS
USAS
Q4 25
$123.8M
Q3 25
$369.7M
$234.7M
Q2 25
$389.9M
Q1 25
$410.6M
Q4 24
$426.1M
Q3 24
$445.9M
Q2 24
$463.4M
Q1 24
$494.0M
Debt / Equity
HYFM
HYFM
USAS
USAS
Q4 25
Q3 25
0.63×
Q2 25
0.57×
Q1 25
0.52×
Q4 24
0.51×
Q3 24
0.47×
Q2 24
0.45×
Q1 24
0.42×

Cash Flow & Capital Efficiency

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

Metric
HYFM
HYFM
USAS
USAS
Operating Cash FlowLast quarter
$-4.0M
$-12.5M
Free Cash FlowOCF − Capex
$-4.3M
$-41.3M
FCF MarginFCF / Revenue
-17.1%
-216.5%
Capex IntensityCapex / Revenue
1.3%
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HYFM
HYFM
USAS
USAS
Q4 25
$-4.0M
Q3 25
$-37.0K
$-12.5M
Q2 25
$1.7M
Q1 25
$-11.8M
Q4 24
$2.7M
Q3 24
$-4.5M
$2.4M
Q2 24
$3.8M
Q1 24
$-2.3M
Free Cash Flow
HYFM
HYFM
USAS
USAS
Q4 25
$-4.3M
Q3 25
$-207.0K
$-41.3M
Q2 25
$1.4M
Q1 25
$-12.0M
Q4 24
$2.4M
Q3 24
$-5.3M
$-11.2M
Q2 24
$3.4M
Q1 24
$-3.7M
FCF Margin
HYFM
HYFM
USAS
USAS
Q4 25
-17.1%
Q3 25
-0.7%
-216.5%
Q2 25
3.7%
Q1 25
-29.6%
Q4 24
6.4%
Q3 24
-12.0%
-42.2%
Q2 24
6.2%
Q1 24
-6.9%
Capex Intensity
HYFM
HYFM
USAS
USAS
Q4 25
1.3%
Q3 25
0.6%
150.8%
Q2 25
0.7%
Q1 25
0.6%
Q4 24
0.7%
Q3 24
1.8%
51.2%
Q2 24
0.7%
Q1 24
2.7%

Financial Flow Comparison

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

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