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Side-by-side financial comparison of Lion Group Holding Ltd (LGHL) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $13.3M, roughly 1.7× Lion Group Holding Ltd). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -0.4%, a 1.2% gap on every dollar of revenue.

LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

LGHL vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.7× larger
RFIL
$22.7M
$13.3M
LGHL
Higher net margin
RFIL
RFIL
1.2% more per $
RFIL
0.8%
-0.4%
LGHL

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
LGHL
LGHL
RFIL
RFIL
Revenue
$13.3M
$22.7M
Net Profit
$-53.7K
$173.0K
Gross Margin
36.8%
Operating Margin
4.0%
Net Margin
-0.4%
0.8%
Revenue YoY
22.9%
Net Profit YoY
172.7%
EPS (diluted)
$0.01

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
LGHL
LGHL
RFIL
RFIL
Q4 25
$22.7M
Q3 25
$19.8M
Q2 25
$18.9M
Q1 25
$19.2M
Q4 24
$18.5M
Q3 24
$16.8M
Q2 24
$13.3M
$16.1M
Q1 24
$13.5M
Net Profit
LGHL
LGHL
RFIL
RFIL
Q4 25
$173.0K
Q3 25
$392.0K
Q2 25
$-245.0K
Q1 25
$-245.0K
Q4 24
$-238.0K
Q3 24
$-705.0K
Q2 24
$-53.7K
$-4.3M
Q1 24
$-1.4M
Gross Margin
LGHL
LGHL
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
LGHL
LGHL
RFIL
RFIL
Q4 25
4.0%
Q3 25
3.6%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
-2.5%
Q2 24
-2.6%
Q1 24
-15.5%
Net Margin
LGHL
LGHL
RFIL
RFIL
Q4 25
0.8%
Q3 25
2.0%
Q2 25
-1.3%
Q1 25
-1.3%
Q4 24
-1.3%
Q3 24
-4.2%
Q2 24
-0.4%
-26.7%
Q1 24
-10.1%
EPS (diluted)
LGHL
LGHL
RFIL
RFIL
Q4 25
$0.01
Q3 25
$0.04
Q2 25
$-0.02
Q1 25
$-0.02
Q4 24
$-0.02
Q3 24
$-0.07
Q2 24
$-0.41
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
LGHL
LGHL
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$29.0M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$28.4M
$35.2M
Total Assets
$74.5M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGHL
LGHL
RFIL
RFIL
Q4 25
$5.1M
Q3 25
$3.0M
Q2 25
$3.6M
Q1 25
$1.3M
Q4 24
$839.0K
Q3 24
$1.8M
Q2 24
$29.0M
$1.4M
Q1 24
$4.5M
Stockholders' Equity
LGHL
LGHL
RFIL
RFIL
Q4 25
$35.2M
Q3 25
$34.8M
Q2 25
$34.2M
Q1 25
$34.2M
Q4 24
$34.1M
Q3 24
$34.1M
Q2 24
$28.4M
$34.6M
Q1 24
$38.7M
Total Assets
LGHL
LGHL
RFIL
RFIL
Q4 25
$73.0M
Q3 25
$73.2M
Q2 25
$72.7M
Q1 25
$70.4M
Q4 24
$71.0M
Q3 24
$71.9M
Q2 24
$74.5M
$72.8M
Q1 24
$79.1M

Cash Flow & Capital Efficiency

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

Metric
LGHL
LGHL
RFIL
RFIL
Operating Cash FlowLast quarter
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LGHL
LGHL
RFIL
RFIL
Q4 25
$2.1M
Q3 25
$-311.0K
Q2 25
$2.2M
Q1 25
$601.0K
Q4 24
$-244.0K
Q3 24
$2.4M
Q2 24
$197.0K
Q1 24
$840.0K
Free Cash Flow
LGHL
LGHL
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$2.1M
Q2 24
$28.0K
Q1 24
$697.0K
FCF Margin
LGHL
LGHL
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
LGHL
LGHL
RFIL
RFIL
Q4 25
0.3%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
LGHL
LGHL
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LGHL
LGHL

Trading gains$7.8M59%
Other$2.4M18%
Securities brokerage commissions and fees$1.7M13%
Market making commissions and fees$1.0M8%
Other income$380.2K3%

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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