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Side-by-side financial comparison of Phoenix Asia Holdings Ltd (PHOE) and Solid Power, Inc. (SLDP). Click either name above to swap in a different company.

Phoenix Asia Holdings Ltd is the larger business by last-quarter revenue ($3.8M vs $3.6M, roughly 1.0× Solid Power, Inc.).

Phoenix Television is a majority state-owned television network that operates Mandarin and Cantonese-language channels serving mainland China, Hong Kong, Macau, and other regions with significant Chinese-speaking audiences. It is headquartered in Shenzhen and Hong Kong and is also registered in the Cayman Islands.

Solid Energy was the largest coal mining company in New Zealand and is a state owned enterprise of the New Zealand Government.

PHOE vs SLDP — Head-to-Head

Bigger by revenue
PHOE
PHOE
1.0× larger
PHOE
$3.8M
$3.6M
SLDP

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
PHOE
PHOE
SLDP
SLDP
Revenue
$3.8M
$3.6M
Net Profit
$631.4K
Gross Margin
28.5%
Operating Margin
19.8%
-730.1%
Net Margin
16.7%
Revenue YoY
-18.6%
Net Profit YoY
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.

Revenue
PHOE
PHOE
SLDP
SLDP
Q4 25
$3.6M
Q3 25
$3.8M
$3.7M
Q2 25
$6.5M
Q1 25
$6.0M
Q4 24
$4.5M
Q3 24
$4.7M
Q2 24
$5.1M
Q1 24
$6.0M
Net Profit
PHOE
PHOE
SLDP
SLDP
Q4 25
Q3 25
$631.4K
$-25.9M
Q2 25
$-25.3M
Q1 25
$-15.2M
Q4 24
Q3 24
$-22.4M
Q2 24
$-22.3M
Q1 24
$-21.2M
Gross Margin
PHOE
PHOE
SLDP
SLDP
Q4 25
Q3 25
28.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
PHOE
PHOE
SLDP
SLDP
Q4 25
-730.1%
Q3 25
19.8%
-654.4%
Q2 25
-398.9%
Q1 25
-399.4%
Q4 24
-561.1%
Q3 24
-593.2%
Q2 24
-530.8%
Q1 24
-433.1%
Net Margin
PHOE
PHOE
SLDP
SLDP
Q4 25
Q3 25
16.7%
-693.1%
Q2 25
-390.7%
Q1 25
-251.8%
Q4 24
Q3 24
-482.0%
Q2 24
-438.9%
Q1 24
-356.2%
EPS (diluted)
PHOE
PHOE
SLDP
SLDP
Q4 25
$-0.15
Q3 25
$-0.14
Q2 25
$-0.14
Q1 25
$-0.08
Q4 24
$-0.16
Q3 24
$-0.13
Q2 24
$-0.13
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
PHOE
PHOE
SLDP
SLDP
Cash + ST InvestmentsLiquidity on hand
$1.5M
$250.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$415.7M
Total Assets
$8.7M
$455.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHOE
PHOE
SLDP
SLDP
Q4 25
$250.8M
Q3 25
$1.5M
$251.2M
Q2 25
$230.9M
Q1 25
$240.9M
Q4 24
$118.2M
Q3 24
$132.0M
Q2 24
$140.5M
Q1 24
$146.6M
Stockholders' Equity
PHOE
PHOE
SLDP
SLDP
Q4 25
$415.7M
Q3 25
$7.5M
$381.2M
Q2 25
$370.6M
Q1 25
$397.1M
Q4 24
$410.3M
Q3 24
$439.4M
Q2 24
$456.8M
Q1 24
$479.4M
Total Assets
PHOE
PHOE
SLDP
SLDP
Q4 25
$455.1M
Q3 25
$8.7M
$416.1M
Q2 25
$398.0M
Q1 25
$419.4M
Q4 24
$448.3M
Q3 24
$470.9M
Q2 24
$492.6M
Q1 24
$516.2M

Cash Flow & Capital Efficiency

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

Metric
PHOE
PHOE
SLDP
SLDP
Operating Cash FlowLast quarter
$-18.4M
Free Cash FlowOCF − Capex
$-23.0M
FCF MarginFCF / Revenue
-633.0%
Capex IntensityCapex / Revenue
126.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHOE
PHOE
SLDP
SLDP
Q4 25
$-18.4M
Q3 25
$-14.3M
Q2 25
$-14.4M
Q1 25
$-26.3M
Q4 24
$-13.9M
Q3 24
$-9.9M
Q2 24
$-11.1M
Q1 24
$-29.1M
Free Cash Flow
PHOE
PHOE
SLDP
SLDP
Q4 25
$-23.0M
Q3 25
$-14.8M
Q2 25
$-17.1M
Q1 25
$-28.6M
Q4 24
$-18.6M
Q3 24
$-12.6M
Q2 24
$-15.5M
Q1 24
$-33.1M
FCF Margin
PHOE
PHOE
SLDP
SLDP
Q4 25
-633.0%
Q3 25
-397.6%
Q2 25
-264.2%
Q1 25
-476.1%
Q4 24
-416.5%
Q3 24
-271.5%
Q2 24
-305.8%
Q1 24
-556.3%
Capex Intensity
PHOE
PHOE
SLDP
SLDP
Q4 25
126.5%
Q3 25
15.3%
Q2 25
41.5%
Q1 25
39.1%
Q4 24
105.5%
Q3 24
59.7%
Q2 24
86.8%
Q1 24
68.1%

Financial Flow Comparison

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

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