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Side-by-side financial comparison of NextPlat Corp (NXPL) and Kartoon Studios, Inc. (TOON). Click either name above to swap in a different company.
NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $9.7M, roughly 1.3× Kartoon Studios, Inc.). NextPlat Corp runs the higher net margin — -40.2% vs -54.4%, a 14.2% gap on every dollar of revenue. On growth, Kartoon Studios, Inc. posted the faster year-over-year revenue change (2.9% vs -21.1%). Kartoon Studios, Inc. produced more free cash flow last quarter ($346.0K vs $-339.0K). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs -14.4%).
Kartoon Studios, Inc. is an entertainment company headed by Andy Heyward. The company was formed in 2010 as Genius Brands International (GBI) from the merger of Genius Brands International and A Squared Entertainment.
NXPL vs TOON — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.8M | $9.7M |
| Net Profit | $-5.1M | $-5.3M |
| Gross Margin | 14.3% | — |
| Operating Margin | -28.9% | -38.4% |
| Net Margin | -40.2% | -54.4% |
| Revenue YoY | -21.1% | 2.9% |
| Net Profit YoY | -70.6% | 8.5% |
| EPS (diluted) | — | $-0.08 |
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 | $12.8M | $9.7M | ||
| Q3 25 | $13.8M | $9.9M | ||
| Q2 25 | $13.2M | $10.3M | ||
| Q1 25 | $14.5M | $9.5M | ||
| Q4 24 | $16.2M | $9.4M | ||
| Q3 24 | $15.4M | $8.7M | ||
| Q2 24 | $17.0M | $8.4M | ||
| Q1 24 | $17.5M | $6.1M |
| Q4 25 | $-5.1M | $-5.3M | ||
| Q3 25 | $-2.2M | $-6.6M | ||
| Q2 25 | $-1.8M | $-6.2M | ||
| Q1 25 | $-1.3M | $-6.5M | ||
| Q4 24 | $-3.0M | $-5.8M | ||
| Q3 24 | $-4.2M | $-2.1M | ||
| Q2 24 | $-5.3M | $-5.9M | ||
| Q1 24 | $-1.5M | $-7.0M |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 19.9% | — | ||
| Q2 25 | 21.8% | — | ||
| Q1 25 | 23.8% | — | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 23.2% | — | ||
| Q2 24 | 34.5% | — | ||
| Q1 24 | 27.8% | — |
| Q4 25 | -28.9% | -38.4% | ||
| Q3 25 | -14.5% | -29.3% | ||
| Q2 25 | -13.8% | -31.3% | ||
| Q1 25 | -10.2% | -32.4% | ||
| Q4 24 | -14.1% | -37.1% | ||
| Q3 24 | -52.1% | -29.2% | ||
| Q2 24 | -64.1% | -55.6% | ||
| Q1 24 | -10.5% | -103.6% |
| Q4 25 | -40.2% | -54.4% | ||
| Q3 25 | -15.9% | -66.5% | ||
| Q2 25 | -13.5% | -60.0% | ||
| Q1 25 | -9.2% | -68.7% | ||
| Q4 24 | -18.6% | -61.2% | ||
| Q3 24 | -27.4% | -23.6% | ||
| Q2 24 | -31.3% | -70.1% | ||
| Q1 24 | -8.5% | -115.9% |
| Q4 25 | — | $-0.08 | ||
| Q3 25 | — | $-0.14 | ||
| Q2 25 | — | $-0.13 | ||
| Q1 25 | $-0.05 | $-0.14 | ||
| Q4 24 | — | $-0.14 | ||
| Q3 24 | $-0.22 | $-0.05 | ||
| Q2 24 | — | $-0.15 | ||
| Q1 24 | $-0.08 | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | — |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $17.3M | $26.2M |
| Total Assets | $27.5M | $70.9M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.9M | — | ||
| Q2 25 | $16.6M | — | ||
| Q1 25 | $17.7M | — | ||
| Q4 24 | $20.0M | $100.0K | ||
| Q3 24 | $20.4M | — | ||
| Q2 24 | $24.9M | — | ||
| Q1 24 | $23.5M | — |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $1.4M | — | ||
| Q3 24 | $1.5M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | $17.3M | $26.2M | ||
| Q3 25 | $21.4M | $22.6M | ||
| Q2 25 | $23.5M | $28.4M | ||
| Q1 25 | $25.3M | $28.6M | ||
| Q4 24 | $27.3M | $35.0M | ||
| Q3 24 | $22.5M | $41.2M | ||
| Q2 24 | $26.5M | $42.7M | ||
| Q1 24 | $31.2M | $44.8M |
| Q4 25 | $27.5M | $70.9M | ||
| Q3 25 | $30.0M | $66.7M | ||
| Q2 25 | $31.0M | $70.0M | ||
| Q1 25 | $35.2M | $71.7M | ||
| Q4 24 | $37.1M | $85.5M | ||
| Q3 24 | $41.1M | $87.3M | ||
| Q2 24 | $51.5M | $89.0M | ||
| Q1 24 | $65.1M | $93.3M |
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.05× | — | ||
| Q1 24 | 0.04× | — |
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 | $-302.0K | $381.0K |
| Free Cash FlowOCF − Capex | $-339.0K | $346.0K |
| FCF MarginFCF / Revenue | -2.6% | 3.6% |
| Capex IntensityCapex / Revenue | 0.3% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-302.0K | $381.0K | ||
| Q3 25 | $-2.7M | $-5.5M | ||
| Q2 25 | $-1.0M | $-4.5M | ||
| Q1 25 | $-2.1M | $-1.8M | ||
| Q4 24 | $-476.0K | $-2.4M | ||
| Q3 24 | $-4.6M | $1.5M | ||
| Q2 24 | $2.3M | $-6.5M | ||
| Q1 24 | $-2.7M | $3.8M |
| Q4 25 | $-339.0K | $346.0K | ||
| Q3 25 | — | $-5.5M | ||
| Q2 25 | $-1.1M | $-4.5M | ||
| Q1 25 | $-2.1M | $-1.8M | ||
| Q4 24 | $-508.0K | $-2.4M | ||
| Q3 24 | $-4.7M | $1.5M | ||
| Q2 24 | $2.2M | — | ||
| Q1 24 | $-2.7M | $3.8M |
| Q4 25 | -2.6% | 3.6% | ||
| Q3 25 | — | -56.0% | ||
| Q2 25 | -8.0% | -44.1% | ||
| Q1 25 | -14.3% | -19.4% | ||
| Q4 24 | -3.1% | -25.6% | ||
| Q3 24 | -30.6% | 17.1% | ||
| Q2 24 | 13.2% | — | ||
| Q1 24 | -15.7% | 62.7% |
| Q4 25 | 0.3% | 0.4% | ||
| Q3 25 | 0.0% | 0.4% | ||
| Q2 25 | 0.1% | 0.6% | ||
| Q1 25 | 0.2% | 0.2% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.6% | 0.4% | ||
| Q2 24 | 0.4% | 0.0% | ||
| Q1 24 | 0.4% | 0.6% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
TOON
| Other | $4.6M | 48% |
| CA | $2.8M | 29% |
| Content Distribution | $2.2M | 23% |
