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Side-by-side financial comparison of NOCERA, INC. (NCRA) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.
NOCERA, INC. is the larger business by last-quarter revenue ($3.5M vs $2.9M, roughly 1.2× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -18.2%, a 24.8% gap on every dollar of revenue.
Nocera Inc. is a Japan-based enterprise specializing in recirculating aquaculture system (RAS) technology for sustainable inland fish farming. It designs, manufactures and sells RAS equipment, operates commercial fish production facilities, and serves customers across Asia, focusing on reducing aquaculture's environmental impact.
Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.
NCRA vs TOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.5M | $2.9M |
| Net Profit | $-639.5K | $190.5K |
| Gross Margin | 1.1% | — |
| Operating Margin | -14.2% | — |
| Net Margin | -18.2% | 6.6% |
| Revenue YoY | -12.0% | — |
| Net Profit YoY | 83.9% | — |
| EPS (diluted) | $-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.
| Q4 25 | $3.5M | — | ||
| Q3 25 | $1.6M | $2.9M | ||
| Q2 25 | $4.0M | — | ||
| Q1 25 | $4.5M | — | ||
| Q4 24 | $4.0M | — | ||
| Q3 24 | $1.4M | — | ||
| Q2 24 | $6.8M | — | ||
| Q1 24 | $4.9M | — |
| Q4 25 | $-639.5K | — | ||
| Q3 25 | $-1.5M | $190.5K | ||
| Q2 25 | $-491.7K | — | ||
| Q1 25 | $-248.0K | — | ||
| Q4 24 | $-4.0M | — | ||
| Q3 24 | $-315.3K | — | ||
| Q2 24 | $84.4K | — | ||
| Q1 24 | $-288.6K | — |
| Q4 25 | 1.1% | — | ||
| Q3 25 | 3.1% | — | ||
| Q2 25 | 0.8% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 4.3% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | 0.7% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | -14.2% | — | ||
| Q3 25 | -51.2% | — | ||
| Q2 25 | -5.1% | — | ||
| Q1 25 | -6.3% | — | ||
| Q4 24 | -95.6% | — | ||
| Q3 24 | -22.1% | — | ||
| Q2 24 | -4.6% | — | ||
| Q1 24 | -7.5% | — |
| Q4 25 | -18.2% | — | ||
| Q3 25 | -93.6% | 6.6% | ||
| Q2 25 | -12.4% | — | ||
| Q1 25 | -5.5% | — | ||
| Q4 24 | -99.3% | — | ||
| Q3 24 | -23.1% | — | ||
| Q2 24 | 1.3% | — | ||
| Q1 24 | -5.9% | — |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.10 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.30 | — | ||
| Q3 24 | $-0.02 | — | ||
| Q2 24 | $0.01 | — | ||
| Q1 24 | $-0.02 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.0M | $14.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-440.7K | $35.0M |
| Total Assets | $10.1M | $64.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.0M | — | ||
| Q3 25 | $2.0M | $14.8M | ||
| Q2 25 | $150.1K | — | ||
| Q1 25 | $531.8K | — | ||
| Q4 24 | $484.2K | — | ||
| Q3 24 | $372.3K | — | ||
| Q2 24 | $586.4K | — | ||
| Q1 24 | $961.8K | — |
| Q4 25 | $-440.7K | — | ||
| Q3 25 | $4.9M | $35.0M | ||
| Q2 25 | $3.7M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | $2.1M | — | ||
| Q3 24 | $5.4M | — | ||
| Q2 24 | $5.6M | — | ||
| Q1 24 | $5.0M | — |
| Q4 25 | $10.1M | — | ||
| Q3 25 | $5.9M | $64.1M | ||
| Q2 25 | $4.4M | — | ||
| Q1 25 | $4.8M | — | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $6.0M | — | ||
| Q2 24 | $6.3M | — | ||
| Q1 24 | $6.6M | — |
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 | $-1.5M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.5M | — | ||
| Q3 25 | $-802.8K | — | ||
| Q2 25 | $-205.2K | — | ||
| Q1 25 | $-115.1K | — | ||
| Q4 24 | $-1.2M | — | ||
| Q3 24 | $-209.0K | — | ||
| Q2 24 | $-239.6K | — | ||
| Q1 24 | $-461.0K | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $-240.5K | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -3.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.0% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.84× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
