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Side-by-side financial comparison of INNEOVA Holdings Ltd (INEO) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

INNEOVA Holdings Ltd is the larger business by last-quarter revenue ($30.8M vs $19.1M, roughly 1.6× Americas Gold & Silver Corp). INNEOVA Holdings Ltd runs the higher net margin — 0.8% vs -82.3%, a 83.1% gap on every dollar of revenue. INNEOVA Holdings Ltd produced more free cash flow last quarter ($-1.5M vs $-41.3M).

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.

INEO vs USAS — Head-to-Head

Bigger by revenue
INEO
INEO
1.6× larger
INEO
$30.8M
$19.1M
USAS
Higher net margin
INEO
INEO
83.1% more per $
INEO
0.8%
-82.3%
USAS
More free cash flow
INEO
INEO
$39.8M more FCF
INEO
$-1.5M
$-41.3M
USAS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
INEO
INEO
USAS
USAS
Revenue
$30.8M
$19.1M
Net Profit
$243.0K
$-15.7M
Gross Margin
19.3%
34.2%
Operating Margin
3.6%
Net Margin
0.8%
-82.3%
Revenue YoY
-28.0%
Net Profit YoY
2.8%
EPS (diluted)
$0.02

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
INEO
INEO
USAS
USAS
Q3 25
$19.1M
Q2 25
$30.8M
Q3 24
$26.5M
Net Profit
INEO
INEO
USAS
USAS
Q3 25
$-15.7M
Q2 25
$243.0K
Q3 24
$-16.2M
Gross Margin
INEO
INEO
USAS
USAS
Q3 25
34.2%
Q2 25
19.3%
Q3 24
23.6%
Operating Margin
INEO
INEO
USAS
USAS
Q3 25
Q2 25
3.6%
Q3 24
Net Margin
INEO
INEO
USAS
USAS
Q3 25
-82.3%
Q2 25
0.8%
Q3 24
-60.9%
EPS (diluted)
INEO
INEO
USAS
USAS
Q3 25
Q2 25
$0.02
Q3 24

Balance Sheet & Financial Strength

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

Metric
INEO
INEO
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$2.1M
$39.1M
Total DebtLower is stronger
$2.9M
Stockholders' EquityBook value
$11.2M
$50.2M
Total Assets
$52.6M
$234.7M
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INEO
INEO
USAS
USAS
Q3 25
$39.1M
Q2 25
$2.1M
Q3 24
Total Debt
INEO
INEO
USAS
USAS
Q3 25
Q2 25
$2.9M
Q3 24
Stockholders' Equity
INEO
INEO
USAS
USAS
Q3 25
$50.2M
Q2 25
$11.2M
Q3 24
$53.1M
Total Assets
INEO
INEO
USAS
USAS
Q3 25
$234.7M
Q2 25
$52.6M
Q3 24
Debt / Equity
INEO
INEO
USAS
USAS
Q3 25
Q2 25
0.26×
Q3 24

Cash Flow & Capital Efficiency

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

Metric
INEO
INEO
USAS
USAS
Operating Cash FlowLast quarter
$-301.0K
$-12.5M
Free Cash FlowOCF − Capex
$-1.5M
$-41.3M
FCF MarginFCF / Revenue
-4.8%
-216.5%
Capex IntensityCapex / Revenue
3.8%
150.8%
Cash ConversionOCF / Net Profit
-1.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INEO
INEO
USAS
USAS
Q3 25
$-12.5M
Q2 25
$-301.0K
Q3 24
$2.4M
Free Cash Flow
INEO
INEO
USAS
USAS
Q3 25
$-41.3M
Q2 25
$-1.5M
Q3 24
$-11.2M
FCF Margin
INEO
INEO
USAS
USAS
Q3 25
-216.5%
Q2 25
-4.8%
Q3 24
-42.2%
Capex Intensity
INEO
INEO
USAS
USAS
Q3 25
150.8%
Q2 25
3.8%
Q3 24
51.2%
Cash Conversion
INEO
INEO
USAS
USAS
Q3 25
Q2 25
-1.24×
Q3 24

Financial Flow Comparison

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

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