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Side-by-side financial comparison of NEXGEL, INC. (NXGL) and TDH Holdings, Inc. (PETZ). Click either name above to swap in a different company.

NEXGEL, INC. is the larger business by last-quarter revenue ($2.8M vs $1.5M, roughly 1.9× TDH Holdings, Inc.). NEXGEL, INC. runs the higher net margin — -34.7% vs -90.1%, a 55.5% gap on every dollar of revenue.

NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.

TDH Holdings, Inc. is a pet product enterprise that develops, manufactures and distributes a comprehensive portfolio of pet food, nutritional treats, and daily pet supplies for dogs and cats. Its primary market is mainland China, catering to both online e-commerce and offline physical retail customer segments.

NXGL vs PETZ — Head-to-Head

Bigger by revenue
NXGL
NXGL
1.9× larger
NXGL
$2.8M
$1.5M
PETZ
Higher net margin
NXGL
NXGL
55.5% more per $
NXGL
-34.7%
-90.1%
PETZ

Income Statement — Q4 FY2025 vs Q2 FY2023

Metric
NXGL
NXGL
PETZ
PETZ
Revenue
$2.8M
$1.5M
Net Profit
$-970.0K
$-1.3M
Gross Margin
29.3%
27.5%
Operating Margin
-43.4%
-149.8%
Net Margin
-34.7%
-90.1%
Revenue YoY
-8.1%
Net Profit YoY
-14.1%
EPS (diluted)
$-0.12

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
NXGL
NXGL
PETZ
PETZ
Q4 25
$2.8M
Q3 25
$2.9M
Q2 25
$2.9M
Q1 25
$2.8M
Q4 24
$3.0M
Q3 24
$2.9M
Q2 24
$1.4M
Q1 24
$1.3M
Net Profit
NXGL
NXGL
PETZ
PETZ
Q4 25
$-970.0K
Q3 25
$-653.0K
Q2 25
$-665.0K
Q1 25
$-712.0K
Q4 24
$-850.0K
Q3 24
$-693.0K
Q2 24
$-885.0K
Q1 24
$-853.0K
Gross Margin
NXGL
NXGL
PETZ
PETZ
Q4 25
29.3%
Q3 25
42.4%
Q2 25
43.6%
Q1 25
42.3%
Q4 24
37.5%
Q3 24
39.3%
Q2 24
20.3%
Q1 24
12.6%
Operating Margin
NXGL
NXGL
PETZ
PETZ
Q4 25
-43.4%
Q3 25
-24.7%
Q2 25
-22.1%
Q1 25
-27.7%
Q4 24
-27.6%
Q3 24
-26.8%
Q2 24
-73.2%
Q1 24
-68.8%
Net Margin
NXGL
NXGL
PETZ
PETZ
Q4 25
-34.7%
Q3 25
-22.3%
Q2 25
-23.1%
Q1 25
-25.4%
Q4 24
-27.9%
Q3 24
-23.6%
Q2 24
-61.5%
Q1 24
-67.4%
EPS (diluted)
NXGL
NXGL
PETZ
PETZ
Q4 25
$-0.12
Q3 25
$-0.08
Q2 25
$-0.09
Q1 25
$-0.09
Q4 24
$-0.11
Q3 24
$-0.11
Q2 24
$-0.14
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
NXGL
NXGL
PETZ
PETZ
Cash + ST InvestmentsLiquidity on hand
$31.8M
Total DebtLower is stronger
$588.0K
Stockholders' EquityBook value
$4.5M
$21.2M
Total Assets
$10.5M
$36.5M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NXGL
NXGL
PETZ
PETZ
Q4 25
Q3 25
$938.0K
Q2 25
Q1 25
Q4 24
$1.8M
Q3 24
$1.1M
Q2 24
Q1 24
Total Debt
NXGL
NXGL
PETZ
PETZ
Q4 25
$588.0K
Q3 25
$614.0K
Q2 25
$638.0K
Q1 25
$662.0K
Q4 24
$685.0K
Q3 24
$709.0K
Q2 24
$732.0K
Q1 24
$750.0K
Stockholders' Equity
NXGL
NXGL
PETZ
PETZ
Q4 25
$4.5M
Q3 25
$5.2M
Q2 25
$4.7M
Q1 25
$5.2M
Q4 24
$5.8M
Q3 24
$4.7M
Q2 24
$4.2M
Q1 24
$4.8M
Total Assets
NXGL
NXGL
PETZ
PETZ
Q4 25
$10.5M
Q3 25
$11.6M
Q2 25
$9.7M
Q1 25
$10.4M
Q4 24
$11.0M
Q3 24
$10.6M
Q2 24
$9.8M
Q1 24
$10.4M
Debt / Equity
NXGL
NXGL
PETZ
PETZ
Q4 25
0.13×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.13×
Q4 24
0.12×
Q3 24
0.15×
Q2 24
0.18×
Q1 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
NXGL
NXGL
PETZ
PETZ
Operating Cash FlowLast quarter
$281.0K
$-581.1K
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
NXGL
NXGL
PETZ
PETZ
Q4 25
$281.0K
Q3 25
$-785.0K
Q2 25
$-407.0K
Q1 25
$-400.0K
Q4 24
$-859.0K
Q3 24
$-1.2M
Q2 24
$-700.0K
Q1 24
$-1.1M
Free Cash Flow
NXGL
NXGL
PETZ
PETZ
Q4 25
Q3 25
$-793.0K
Q2 25
Q1 25
Q4 24
Q3 24
$-1.2M
Q2 24
$-909.0K
Q1 24
$-1.2M
FCF Margin
NXGL
NXGL
PETZ
PETZ
Q4 25
Q3 25
-27.0%
Q2 25
Q1 25
Q4 24
Q3 24
-41.8%
Q2 24
-63.1%
Q1 24
-98.3%
Capex Intensity
NXGL
NXGL
PETZ
PETZ
Q4 25
Q3 25
0.3%
Q2 25
Q1 25
Q4 24
Q3 24
0.4%
Q2 24
14.5%
Q1 24
12.0%

Financial Flow Comparison

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

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