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Side-by-side financial comparison of LANTRONIX INC (LTRX) and Playboy, Inc. (PLBY). Click either name above to swap in a different company.

Playboy, Inc. is the larger business by last-quarter revenue ($34.9M vs $29.8M, roughly 1.2× LANTRONIX INC). Playboy, Inc. runs the higher net margin — 10.3% vs -4.5%, a 14.7% gap on every dollar of revenue. On growth, Playboy, Inc. posted the faster year-over-year revenue change (4.2% vs -4.5%). LANTRONIX INC produced more free cash flow last quarter ($2.1M vs $1.1M). Over the past eight quarters, Playboy, Inc.'s revenue compounded faster (11.0% CAGR vs -15.0%).

Lantronix Inc is a global provider of secure IoT connectivity and edge computing solutions. It offers specialized hardware, SaaS platforms and embedded software for industrial, healthcare, retail, transportation and smart city clients worldwide, supporting reliable remote device management.

Playboy is an American men's lifestyle and entertainment magazine, available both online and in print. It was founded in Chicago in 1953 by Hugh Hefner and his associates, funded in part by a $1,000 loan from Hefner's mother.

LTRX vs PLBY — Head-to-Head

Bigger by revenue
PLBY
PLBY
1.2× larger
PLBY
$34.9M
$29.8M
LTRX
Growing faster (revenue YoY)
PLBY
PLBY
+8.7% gap
PLBY
4.2%
-4.5%
LTRX
Higher net margin
PLBY
PLBY
14.7% more per $
PLBY
10.3%
-4.5%
LTRX
More free cash flow
LTRX
LTRX
$968.0K more FCF
LTRX
$2.1M
$1.1M
PLBY
Faster 2-yr revenue CAGR
PLBY
PLBY
Annualised
PLBY
11.0%
-15.0%
LTRX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
LTRX
LTRX
PLBY
PLBY
Revenue
$29.8M
$34.9M
Net Profit
$-1.3M
$3.6M
Gross Margin
43.6%
73.3%
Operating Margin
-3.6%
7.9%
Net Margin
-4.5%
10.3%
Revenue YoY
-4.5%
4.2%
Net Profit YoY
43.9%
128.6%
EPS (diluted)
$-0.03
$0.05

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
LTRX
LTRX
PLBY
PLBY
Q4 25
$29.8M
$34.9M
Q3 25
$29.8M
$29.0M
Q2 25
$28.8M
$28.1M
Q1 25
$28.5M
$28.9M
Q4 24
$31.2M
$33.5M
Q3 24
$34.4M
$29.4M
Q2 24
$49.1M
$24.9M
Q1 24
$41.2M
$28.3M
Net Profit
LTRX
LTRX
PLBY
PLBY
Q4 25
$-1.3M
$3.6M
Q3 25
$-1.4M
$460.0K
Q2 25
$-2.6M
$-7.7M
Q1 25
$-3.9M
$-9.0M
Q4 24
$-2.4M
$-12.5M
Q3 24
$-2.5M
$-33.8M
Q2 24
$386.0K
$-16.7M
Q1 24
$-423.0K
$-16.4M
Gross Margin
LTRX
LTRX
PLBY
PLBY
Q4 25
43.6%
73.3%
Q3 25
44.8%
76.0%
Q2 25
40.0%
65.4%
Q1 25
43.5%
68.6%
Q4 24
42.6%
70.8%
Q3 24
42.1%
61.0%
Q2 24
38.1%
67.8%
Q1 24
40.1%
55.8%
Operating Margin
LTRX
LTRX
PLBY
PLBY
Q4 25
-3.6%
7.9%
Q3 25
-5.1%
4.7%
Q2 25
-10.9%
-20.9%
Q1 25
-12.6%
-21.7%
Q4 24
-6.9%
-13.3%
Q3 24
-6.2%
-96.0%
Q2 24
1.2%
-37.0%
Q1 24
-0.2%
-31.5%
Net Margin
LTRX
LTRX
PLBY
PLBY
Q4 25
-4.5%
10.3%
Q3 25
-4.7%
1.6%
Q2 25
-9.1%
-27.3%
Q1 25
-13.6%
-31.3%
Q4 24
-7.6%
-37.4%
Q3 24
-7.3%
-114.7%
Q2 24
0.8%
-66.9%
Q1 24
-1.0%
-58.1%
EPS (diluted)
LTRX
LTRX
PLBY
PLBY
Q4 25
$-0.03
$0.05
Q3 25
$-0.04
$0.00
Q2 25
$-0.06
$-0.08
Q1 25
$-0.10
$-0.10
Q4 24
$-0.06
$-0.13
Q3 24
$-0.07
$-0.45
Q2 24
$0.01
$-0.23
Q1 24
$-0.01
$-0.23

Balance Sheet & Financial Strength

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

Metric
LTRX
LTRX
PLBY
PLBY
Cash + ST InvestmentsLiquidity on hand
$23.0M
$37.8M
Total DebtLower is stronger
$174.2M
Stockholders' EquityBook value
$74.4M
$18.4M
Total Assets
$121.7M
$292.4M
Debt / EquityLower = less leverage
9.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LTRX
LTRX
PLBY
PLBY
Q4 25
$23.0M
$37.8M
Q3 25
$22.2M
$27.5M
Q2 25
$20.1M
$19.6M
Q1 25
$20.0M
$23.7M
Q4 24
$19.2M
$30.9M
Q3 24
$26.4M
$9.5M
Q2 24
$26.2M
$16.9M
Q1 24
$24.6M
$19.0M
Total Debt
LTRX
LTRX
PLBY
PLBY
Q4 25
$174.2M
Q3 25
$176.8M
Q2 25
$177.5M
Q1 25
$176.3M
Q4 24
$176.6M
Q3 24
$200.0M
Q2 24
$196.3M
Q1 24
$193.4M
Stockholders' Equity
LTRX
LTRX
PLBY
PLBY
Q4 25
$74.4M
$18.4M
Q3 25
$74.5M
$3.8M
Q2 25
$74.4M
$-17.5M
Q1 25
$75.5M
$-11.4M
Q4 24
$77.9M
$-7.7M
Q3 24
$78.9M
$-15.7M
Q2 24
$81.4M
$15.7M
Q1 24
$78.1M
$29.5M
Total Assets
LTRX
LTRX
PLBY
PLBY
Q4 25
$121.7M
$292.4M
Q3 25
$119.6M
$278.3M
Q2 25
$123.7M
$264.1M
Q1 25
$124.2M
$270.6M
Q4 24
$134.2M
$284.7M
Q3 24
$137.9M
$271.5M
Q2 24
$136.2M
$301.8M
Q1 24
$147.4M
$309.1M
Debt / Equity
LTRX
LTRX
PLBY
PLBY
Q4 25
9.48×
Q3 25
46.86×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
12.51×
Q1 24
6.54×

Cash Flow & Capital Efficiency

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

Metric
LTRX
LTRX
PLBY
PLBY
Operating Cash FlowLast quarter
$2.2M
$1.4M
Free Cash FlowOCF − Capex
$2.1M
$1.1M
FCF MarginFCF / Revenue
7.0%
3.2%
Capex IntensityCapex / Revenue
0.3%
0.8%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$9.6M
$-1.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LTRX
LTRX
PLBY
PLBY
Q4 25
$2.2M
$1.4M
Q3 25
$3.6M
$10.1M
Q2 25
$1.1M
$-3.9M
Q1 25
$3.2M
$-7.6M
Q4 24
$340.0K
$161.0K
Q3 24
$2.7M
$-6.5M
Q2 24
$2.3M
$-3.0M
Q1 24
$3.6M
$-9.8M
Free Cash Flow
LTRX
LTRX
PLBY
PLBY
Q4 25
$2.1M
$1.1M
Q3 25
$3.5M
$9.8M
Q2 25
$909.0K
$-4.3M
Q1 25
$3.1M
$-7.7M
Q4 24
$256.0K
$-401.0K
Q3 24
$2.5M
$-7.0M
Q2 24
$2.1M
$-3.7M
Q1 24
$3.5M
$-10.3M
FCF Margin
LTRX
LTRX
PLBY
PLBY
Q4 25
7.0%
3.2%
Q3 25
11.9%
33.8%
Q2 25
3.2%
-15.2%
Q1 25
10.9%
-26.5%
Q4 24
0.8%
-1.2%
Q3 24
7.3%
-23.7%
Q2 24
4.3%
-14.8%
Q1 24
8.4%
-36.5%
Capex Intensity
LTRX
LTRX
PLBY
PLBY
Q4 25
0.3%
0.8%
Q3 25
0.2%
1.1%
Q2 25
0.5%
1.4%
Q1 25
0.4%
0.1%
Q4 24
0.3%
1.7%
Q3 24
0.5%
1.5%
Q2 24
0.3%
2.6%
Q1 24
0.3%
2.1%
Cash Conversion
LTRX
LTRX
PLBY
PLBY
Q4 25
0.39×
Q3 25
22.02×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
5.89×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LTRX
LTRX

Embedded Io T Solutions$13.9M47%
Io T System Solutions$13.3M45%
Software And Services$2.6M9%

PLBY
PLBY

Transferred At Point In Time$22.2M64%
Trademark Licensing$6.5M19%
Related Party$5.0M14%
Other$1.1M3%

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