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Side-by-side financial comparison of NORTH EUROPEAN OIL ROYALTY TRUST (NRT) and TIAN RUIXIANG HOLDINGS LTD (TIRX). Click either name above to swap in a different company.

NORTH EUROPEAN OIL ROYALTY TRUST is the larger business by last-quarter revenue ($2.2M vs $2.0M, roughly 1.1× TIAN RUIXIANG HOLDINGS LTD). NORTH EUROPEAN OIL ROYALTY TRUST runs the higher net margin — 87.2% vs -12.3%, a 99.5% gap on every dollar of revenue. On growth, NORTH EUROPEAN OIL ROYALTY TRUST posted the faster year-over-year revenue change (329.5% vs -35.8%).

North European Oil Royalty Trust is a publicly traded royalty trust holding overriding royalty interests in North Sea oil and gas producing properties. It earns revenue from its assets' production sales, distributing nearly all net income to unitholders regularly, with no active drilling or exploration operations.

Tian Ruixiang Holdings Ltd is a China-based insurance intermediary service provider. It distributes various insurance products including property insurance, casualty insurance and life insurance from multiple partner insurance carriers, catering to both individual and corporate clients mainly across regional markets in mainland China.

NRT vs TIRX — Head-to-Head

Bigger by revenue
NRT
NRT
1.1× larger
NRT
$2.2M
$2.0M
TIRX
Growing faster (revenue YoY)
NRT
NRT
+365.3% gap
NRT
329.5%
-35.8%
TIRX
Higher net margin
NRT
NRT
99.5% more per $
NRT
87.2%
-12.3%
TIRX

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
NRT
NRT
TIRX
TIRX
Revenue
$2.2M
$2.0M
Net Profit
$1.9M
$-248.3K
Gross Margin
85.6%
Operating Margin
-6.7%
Net Margin
87.2%
-12.3%
Revenue YoY
329.5%
-35.8%
Net Profit YoY
581.3%
-159.3%
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
NRT
NRT
TIRX
TIRX
Q1 26
$2.2M
Q2 25
$2.0M
Q1 25
$519.4K
Q2 24
$3.1M
Q2 23
$724.9K
Q2 22
$945.6K
Net Profit
NRT
NRT
TIRX
TIRX
Q1 26
$1.9M
Q2 25
$-248.3K
Q1 25
$285.5K
Q2 24
$418.9K
Q2 23
$-1.5M
Q2 22
$-3.5M
Gross Margin
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
85.6%
Q1 25
Q2 24
89.7%
Q2 23
Q2 22
Operating Margin
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
-6.7%
Q1 25
Q2 24
18.6%
Q2 23
-266.0%
Q2 22
-410.3%
Net Margin
NRT
NRT
TIRX
TIRX
Q1 26
87.2%
Q2 25
-12.3%
Q1 25
55.0%
Q2 24
13.4%
Q2 23
-205.0%
Q2 22
-370.5%
EPS (diluted)
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
$-0.02
Q1 25
Q2 24
$0.01
Q2 23
$-2.50
Q2 22
$-1.42

Balance Sheet & Financial Strength

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

Metric
NRT
NRT
TIRX
TIRX
Cash + ST InvestmentsLiquidity on hand
$3.9M
$28.0M
Total DebtLower is stronger
$3.5M
Stockholders' EquityBook value
$-16.1M
Total Assets
$3.9M
$6.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRT
NRT
TIRX
TIRX
Q1 26
$3.9M
Q2 25
$28.0M
Q1 25
Q2 24
$27.5M
Q2 23
$35.9M
Q2 22
$29.0M
Total Debt
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
$3.5M
Q1 25
Q2 24
Q2 23
Q2 22
Stockholders' Equity
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
$-16.1M
Q1 25
Q2 24
$32.3M
Q2 23
$34.5M
Q2 22
$37.1M
Total Assets
NRT
NRT
TIRX
TIRX
Q1 26
$3.9M
Q2 25
$6.0M
Q1 25
Q2 24
$38.0M
Q2 23
$37.0M
Q2 22
$38.6M

Cash Flow & Capital Efficiency

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

Metric
NRT
NRT
TIRX
TIRX
Operating Cash FlowLast quarter
$263.7K
Free Cash FlowOCF − Capex
$263.1K
FCF MarginFCF / Revenue
13.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
$263.7K
Q1 25
Q2 24
$-646.8K
Q2 23
$761.6K
Q2 22
$-75.6K
Free Cash Flow
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
$263.1K
Q1 25
Q2 24
Q2 23
Q2 22
$-78.0K
FCF Margin
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
13.1%
Q1 25
Q2 24
Q2 23
Q2 22
-8.3%
Capex Intensity
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
0.0%
Q1 25
Q2 24
Q2 23
0.0%
Q2 22
0.3%
Cash Conversion
NRT
NRT
TIRX
TIRX
Q1 26
Q2 25
Q1 25
Q2 24
-1.54×
Q2 23
Q2 22

Financial Flow Comparison

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

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