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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and TRX GOLD Corp (TRX). Click either name above to swap in a different company.

Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $25.1M, roughly 1.5× TRX GOLD Corp). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -2.0%, a 2.1% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 28.8%).

Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

NP vs TRX — Head-to-Head

Bigger by revenue
NP
NP
1.5× larger
NP
$37.8M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+71.7% gap
TRX
100.5%
28.8%
NP
Higher net margin
NP
NP
2.1% more per $
NP
0.1%
-2.0%
TRX

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
NP
NP
TRX
TRX
Revenue
$37.8M
$25.1M
Net Profit
$50.0K
$-496.0K
Gross Margin
56.6%
Operating Margin
Net Margin
0.1%
-2.0%
Revenue YoY
28.8%
100.5%
Net Profit YoY
0.0%
-123.2%
EPS (diluted)
$0.05
$-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
NP
NP
TRX
TRX
Q1 26
$37.8M
Q4 25
$25.1M
Q3 25
$44.4M
Q2 25
$12.5M
Q1 25
$9.1M
Q4 24
$12.5M
Q3 24
$33.8M
Q2 24
$10.1M
Net Profit
NP
NP
TRX
TRX
Q1 26
$50.0K
Q4 25
$-496.0K
Q3 25
$11.5M
Q2 25
$1.1M
Q1 25
$-1.9M
Q4 24
$2.1M
Q3 24
$12.1M
Q2 24
$-1.7M
Gross Margin
NP
NP
TRX
TRX
Q1 26
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Operating Margin
NP
NP
TRX
TRX
Q1 26
Q4 25
Q3 25
46.7%
Q2 25
Q1 25
Q4 24
Q3 24
58.6%
Q2 24
Net Margin
NP
NP
TRX
TRX
Q1 26
0.1%
Q4 25
-2.0%
Q3 25
25.9%
Q2 25
8.9%
Q1 25
-21.3%
Q4 24
17.1%
Q3 24
35.8%
Q2 24
-16.3%
EPS (diluted)
NP
NP
TRX
TRX
Q1 26
$0.05
Q4 25
$-0.01
Q3 25
$0.06
Q2 25
$0.00
Q1 25
$-0.01
Q4 24
$0.00
Q3 24
$0.06
Q2 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
NP
NP
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$74.5M
Total Assets
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NP
NP
TRX
TRX
Q1 26
Q4 25
$9.2M
Q3 25
$12.2M
Q2 25
$3.6M
Q1 25
$6.0M
Q4 24
$6.8M
Q3 24
Q2 24
$7.7M
Total Debt
NP
NP
TRX
TRX
Q1 26
Q4 25
Q3 25
$247.6M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
NP
NP
TRX
TRX
Q1 26
Q4 25
$74.5M
Q3 25
$-509.5M
Q2 25
$69.0M
Q1 25
$67.5M
Q4 24
$68.4M
Q3 24
$-374.3M
Q2 24
$62.5M
Total Assets
NP
NP
TRX
TRX
Q1 26
Q4 25
$129.6M
Q3 25
$89.6M
Q2 25
$112.3M
Q1 25
$106.7M
Q4 24
$102.6M
Q3 24
Q2 24
$92.6M

Cash Flow & Capital Efficiency

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

Metric
NP
NP
TRX
TRX
Operating Cash FlowLast quarter
$4.0M
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.

Operating Cash Flow
NP
NP
TRX
TRX
Q1 26
Q4 25
$4.0M
Q3 25
$38.9M
Q2 25
$3.4M
Q1 25
$2.0M
Q4 24
$2.4M
Q3 24
Q2 24
$3.1M
Cash Conversion
NP
NP
TRX
TRX
Q1 26
Q4 25
Q3 25
3.38×
Q2 25
3.10×
Q1 25
Q4 24
1.11×
Q3 24
Q2 24

Financial Flow Comparison

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

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