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Side-by-side financial comparison of NextPlat Corp (NXPL) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.
NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $7.1M, roughly 1.8× TECHPRECISION CORP). TECHPRECISION CORP runs the higher net margin — -20.8% vs -40.2%, a 19.4% gap on every dollar of revenue. On growth, TECHPRECISION CORP posted the faster year-over-year revenue change (-6.9% vs -21.1%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-827.0K). Over the past eight quarters, TECHPRECISION CORP's revenue compounded faster (-9.2% CAGR vs -14.4%).
TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.
NXPL vs TPCS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.8M | $7.1M |
| Net Profit | $-5.1M | $-1.5M |
| Gross Margin | 14.3% | 5.4% |
| Operating Margin | -28.9% | -19.1% |
| Net Margin | -40.2% | -20.8% |
| Revenue YoY | -21.1% | -6.9% |
| Net Profit YoY | -70.6% | -84.4% |
| EPS (diluted) | — | $-0.15 |
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 | $7.1M | ||
| Q3 25 | $13.8M | $9.1M | ||
| Q2 25 | $13.2M | $7.4M | ||
| Q1 25 | $14.5M | $9.5M | ||
| Q4 24 | $16.2M | $7.6M | ||
| Q3 24 | $15.4M | $8.9M | ||
| Q2 24 | $17.0M | $8.0M | ||
| Q1 24 | $17.5M | $8.6M |
| Q4 25 | $-5.1M | $-1.5M | ||
| Q3 25 | $-2.2M | $825.0K | ||
| Q2 25 | $-1.8M | $-597.0K | ||
| Q1 25 | $-1.3M | $112.0K | ||
| Q4 24 | $-3.0M | $-799.0K | ||
| Q3 24 | $-4.2M | $-601.0K | ||
| Q2 24 | $-5.3M | $-1.5M | ||
| Q1 24 | $-1.5M | $-5.1M |
| Q4 25 | 14.3% | 5.4% | ||
| Q3 25 | 19.9% | 27.1% | ||
| Q2 25 | 21.8% | 14.0% | ||
| Q1 25 | 23.8% | 22.0% | ||
| Q4 24 | 16.8% | 13.0% | ||
| Q3 24 | 23.2% | 11.3% | ||
| Q2 24 | 34.5% | 3.0% | ||
| Q1 24 | 27.8% | 14.3% |
| Q4 25 | -28.9% | -19.1% | ||
| Q3 25 | -14.5% | 10.4% | ||
| Q2 25 | -13.8% | -6.3% | ||
| Q1 25 | -10.2% | 3.9% | ||
| Q4 24 | -14.1% | -9.1% | ||
| Q3 24 | -52.1% | -5.5% | ||
| Q2 24 | -64.1% | -16.8% | ||
| Q1 24 | -10.5% | -28.6% |
| Q4 25 | -40.2% | -20.8% | ||
| Q3 25 | -15.9% | 9.1% | ||
| Q2 25 | -13.5% | -8.1% | ||
| Q1 25 | -9.2% | 1.2% | ||
| Q4 24 | -18.6% | -10.5% | ||
| Q3 24 | -27.4% | -6.7% | ||
| Q2 24 | -31.3% | -18.3% | ||
| Q1 24 | -8.5% | -59.5% |
| Q4 25 | — | $-0.15 | ||
| Q3 25 | — | $0.08 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | $-0.05 | $0.01 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | $-0.22 | $-0.06 | ||
| Q2 24 | — | $-0.16 | ||
| Q1 24 | $-0.08 | $-0.59 |
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 | $50.0K |
| Total DebtLower is stronger | $1.3M | — |
| Stockholders' EquityBook value | $17.3M | $8.0M |
| Total Assets | $27.5M | $32.8M |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.7M | $50.0K | ||
| Q3 25 | $13.9M | $220.0K | ||
| Q2 25 | $16.6M | $143.0K | ||
| Q1 25 | $17.7M | $195.0K | ||
| Q4 24 | $20.0M | $165.0K | ||
| Q3 24 | $20.4M | $132.0K | ||
| Q2 24 | $24.9M | $44.8K | ||
| Q1 24 | $23.5M | $138.0K |
| Q4 25 | $1.3M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $1.2M | — | ||
| Q1 25 | $1.3M | $3.0K | ||
| Q4 24 | $1.4M | $19.0K | ||
| Q3 24 | $1.5M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $1.4M | — |
| Q4 25 | $17.3M | $8.0M | ||
| Q3 25 | $21.4M | $9.1M | ||
| Q2 25 | $23.5M | $8.2M | ||
| Q1 25 | $25.3M | $8.7M | ||
| Q4 24 | $27.3M | $8.1M | ||
| Q3 24 | $22.5M | $8.9M | ||
| Q2 24 | $26.5M | $7.9M | ||
| Q1 24 | $31.2M | $7.8M |
| Q4 25 | $27.5M | $32.8M | ||
| Q3 25 | $30.0M | $33.8M | ||
| Q2 25 | $31.0M | $32.1M | ||
| Q1 25 | $35.2M | $33.5M | ||
| Q4 24 | $37.1M | $32.2M | ||
| Q3 24 | $41.1M | $35.0M | ||
| Q2 24 | $51.5M | $35.7M | ||
| Q1 24 | $65.1M | $34.7M |
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | 0.00× | ||
| Q4 24 | 0.05× | 0.00× | ||
| 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 | $183.0K |
| Free Cash FlowOCF − Capex | $-339.0K | $-827.0K |
| FCF MarginFCF / Revenue | -2.6% | -11.7% |
| Capex IntensityCapex / Revenue | 0.3% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-4.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-302.0K | $183.0K | ||
| Q3 25 | $-2.7M | $-1.1M | ||
| Q2 25 | $-1.0M | $646.0K | ||
| Q1 25 | $-2.1M | $396.0K | ||
| Q4 24 | $-476.0K | $-570.0K | ||
| Q3 24 | $-4.6M | $-532.0K | ||
| Q2 24 | $2.3M | $107.0K | ||
| Q1 24 | $-2.7M | $-452.0K |
| Q4 25 | $-339.0K | $-827.0K | ||
| Q3 25 | — | $-2.1M | ||
| Q2 25 | $-1.1M | $-604.0K | ||
| Q1 25 | $-2.1M | $-930.0K | ||
| Q4 24 | $-508.0K | $-1.7M | ||
| Q3 24 | $-4.7M | $-2.0M | ||
| Q2 24 | $2.2M | $-94.0K | ||
| Q1 24 | $-2.7M | $-900.0K |
| Q4 25 | -2.6% | -11.7% | ||
| Q3 25 | — | -22.9% | ||
| Q2 25 | -8.0% | -8.2% | ||
| Q1 25 | -14.3% | -9.8% | ||
| Q4 24 | -3.1% | -22.9% | ||
| Q3 24 | -30.6% | -21.8% | ||
| Q2 24 | 13.2% | -1.2% | ||
| Q1 24 | -15.7% | -10.5% |
| Q4 25 | 0.3% | 14.2% | ||
| Q3 25 | 0.0% | 11.0% | ||
| Q2 25 | 0.1% | 16.9% | ||
| Q1 25 | 0.2% | 14.0% | ||
| Q4 24 | 0.2% | 15.4% | ||
| Q3 24 | 0.6% | 15.9% | ||
| Q2 24 | 0.4% | 2.5% | ||
| Q1 24 | 0.4% | 5.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
TPCS
| Defense | $6.7M | 94% |
| Other | $410.0K | 6% |
