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Side-by-side financial comparison of NVE CORP (NVEC) and TH International Ltd (THCH). Click either name above to swap in a different company.

TH International Ltd is the larger business by last-quarter revenue ($6.6M vs $6.2M, roughly 1.1× NVE CORP). NVE CORP runs the higher net margin — 54.4% vs -41.2%, a 95.6% gap on every dollar of revenue.

NVE Corporation develops and manufactures spintronic-based electronic components, including high-performance magnetoresistive sensors, couplers, and signal isolators. Its products are used in industrial automation, automotive systems, medical devices, and IoT applications, serving global original equipment manufacturers and electronic component distributors.

TH International Ltd is the exclusive operator of the Tim Hortons coffee brand in mainland China. It offers freshly brewed coffee, artisanal baked goods, light meals and branded peripheral products, operating physical offline stores and third-party delivery channels, targeting young urban consumers across tier 1, tier 2 and tier 3 cities in China.

NVEC vs THCH — Head-to-Head

Bigger by revenue
THCH
THCH
1.1× larger
THCH
$6.6M
$6.2M
NVEC
Higher net margin
NVEC
NVEC
95.6% more per $
NVEC
54.4%
-41.2%
THCH

Income Statement — Q3 FY2026 vs Q1 FY2024

Metric
NVEC
NVEC
THCH
THCH
Revenue
$6.2M
$6.6M
Net Profit
$3.4M
$-2.7M
Gross Margin
78.6%
Operating Margin
60.2%
-37.3%
Net Margin
54.4%
-41.2%
Revenue YoY
22.9%
Net Profit YoY
11.0%
EPS (diluted)
$0.70

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
NVEC
NVEC
THCH
THCH
Q4 25
$6.2M
Q3 25
$6.3M
Q2 25
$6.1M
Q1 25
$7.3M
Q4 24
$5.1M
Q3 24
$6.8M
Q2 24
$6.8M
Q1 24
$7.1M
$6.6M
Net Profit
NVEC
NVEC
THCH
THCH
Q4 25
$3.4M
Q3 25
$3.3M
Q2 25
$3.6M
Q1 25
$3.9M
Q4 24
$3.0M
Q3 24
$4.0M
Q2 24
$4.1M
Q1 24
$3.8M
$-2.7M
Gross Margin
NVEC
NVEC
THCH
THCH
Q4 25
78.6%
Q3 25
78.3%
Q2 25
80.6%
Q1 25
79.2%
Q4 24
84.2%
Q3 24
86.0%
Q2 24
85.6%
Q1 24
75.5%
Operating Margin
NVEC
NVEC
THCH
THCH
Q4 25
60.2%
Q3 25
57.6%
Q2 25
62.0%
Q1 25
58.4%
Q4 24
58.5%
Q3 24
65.0%
Q2 24
64.7%
Q1 24
57.3%
-37.3%
Net Margin
NVEC
NVEC
THCH
THCH
Q4 25
54.4%
Q3 25
52.2%
Q2 25
58.6%
Q1 25
53.5%
Q4 24
60.2%
Q3 24
59.6%
Q2 24
60.4%
Q1 24
53.8%
-41.2%
EPS (diluted)
NVEC
NVEC
THCH
THCH
Q4 25
$0.70
Q3 25
$0.68
Q2 25
$0.74
Q1 25
$0.80
Q4 24
$0.63
Q3 24
$0.83
Q2 24
$0.85
Q1 24
$0.78

Balance Sheet & Financial Strength

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

Metric
NVEC
NVEC
THCH
THCH
Cash + ST InvestmentsLiquidity on hand
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.3M
Total Assets
$60.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVEC
NVEC
THCH
THCH
Q4 25
$20.6M
Q3 25
$17.7M
Q2 25
$15.8M
Q1 25
$21.7M
Q4 24
$20.4M
Q3 24
$22.9M
Q2 24
$21.7M
Q1 24
$22.2M
Stockholders' Equity
NVEC
NVEC
THCH
THCH
Q4 25
$58.3M
Q3 25
$59.7M
Q2 25
$61.1M
Q1 25
$62.3M
Q4 24
$63.0M
Q3 24
$64.9M
Q2 24
$64.9M
Q1 24
$65.6M
Total Assets
NVEC
NVEC
THCH
THCH
Q4 25
$60.0M
Q3 25
$61.5M
Q2 25
$63.6M
Q1 25
$64.3M
Q4 24
$64.6M
Q3 24
$65.9M
Q2 24
$66.7M
Q1 24
$66.8M

Cash Flow & Capital Efficiency

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

Metric
NVEC
NVEC
THCH
THCH
Operating Cash FlowLast quarter
$4.2M
$-511
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-77.0%
Capex IntensityCapex / Revenue
144.3%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVEC
NVEC
THCH
THCH
Q4 25
$4.2M
Q3 25
$2.8M
Q2 25
$5.2M
Q1 25
$2.5M
Q4 24
$3.8M
Q3 24
$2.1M
Q2 24
$5.9M
Q1 24
$3.1M
$-511
Free Cash Flow
NVEC
NVEC
THCH
THCH
Q4 25
$-4.8M
Q3 25
$2.7M
Q2 25
$4.1M
Q1 25
$-7.5M
Q4 24
$-6.3M
Q3 24
$1.9M
Q2 24
$4.9M
Q1 24
FCF Margin
NVEC
NVEC
THCH
THCH
Q4 25
-77.0%
Q3 25
42.9%
Q2 25
67.7%
Q1 25
-103.7%
Q4 24
-124.7%
Q3 24
28.5%
Q2 24
72.8%
Q1 24
Capex Intensity
NVEC
NVEC
THCH
THCH
Q4 25
144.3%
Q3 25
1.1%
Q2 25
17.3%
Q1 25
137.9%
Q4 24
200.6%
Q3 24
3.1%
Q2 24
13.5%
Q1 24
0.0%
Cash Conversion
NVEC
NVEC
THCH
THCH
Q4 25
1.24×
Q3 25
0.84×
Q2 25
1.45×
Q1 25
0.64×
Q4 24
1.26×
Q3 24
0.53×
Q2 24
1.43×
Q1 24
0.82×

Financial Flow Comparison

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

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