vs
Side-by-side financial comparison of Outdoor Holding Co (POWW) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.
Outdoor Holding Co is the larger business by last-quarter revenue ($13.4M vs $8.4M, roughly 1.6× Soluna Holdings, Inc). Outdoor Holding Co runs the higher net margin — 16.7% vs -284.7%, a 301.3% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -54.1%). Outdoor Holding Co produced more free cash flow last quarter ($5.0M vs $-6.8M).
Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.
POWW vs SLNH — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.4M | $8.4M |
| Net Profit | $2.2M | $-24.0M |
| Gross Margin | 87.1% | 9.5% |
| Operating Margin | 14.7% | -92.5% |
| Net Margin | 16.7% | -284.7% |
| Revenue YoY | -54.1% | 11.8% |
| Net Profit YoY | 108.5% | -233.2% |
| EPS (diluted) | $0.01 | $-1.14 |
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 | $13.4M | — | ||
| Q3 25 | $12.0M | $8.4M | ||
| Q2 25 | $11.9M | $6.2M | ||
| Q1 25 | $12.6M | $5.9M | ||
| Q4 24 | $12.5M | $8.3M | ||
| Q3 24 | $12.0M | $7.5M | ||
| Q2 24 | $12.3M | $9.7M | ||
| Q1 24 | $-50.7M | $12.5M |
| Q4 25 | $2.2M | — | ||
| Q3 25 | $1.4M | $-24.0M | ||
| Q2 25 | $-6.5M | $-7.4M | ||
| Q1 25 | $-77.5M | $-7.6M | ||
| Q4 24 | $-26.1M | $-40.0M | ||
| Q3 24 | $-12.4M | $-7.2M | ||
| Q2 24 | $-14.8M | $-10.9M | ||
| Q1 24 | $-5.2M | $-5.3M |
| Q4 25 | 87.1% | — | ||
| Q3 25 | 87.1% | 9.5% | ||
| Q2 25 | 87.2% | 6.3% | ||
| Q1 25 | 87.5% | 5.7% | ||
| Q4 24 | 87.4% | -360.8% | ||
| Q3 24 | 86.9% | -39.1% | ||
| Q2 24 | 85.8% | 34.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | 14.7% | — | ||
| Q3 25 | 5.9% | -92.5% | ||
| Q2 25 | -50.7% | -107.6% | ||
| Q1 25 | -213.6% | -120.9% | ||
| Q4 24 | -163.8% | -426.0% | ||
| Q3 24 | -50.3% | -119.8% | ||
| Q2 24 | -50.8% | -38.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 16.7% | — | ||
| Q3 25 | 11.7% | -284.7% | ||
| Q2 25 | -54.5% | -119.9% | ||
| Q1 25 | -614.5% | -127.3% | ||
| Q4 24 | -208.7% | -483.8% | ||
| Q3 24 | -103.7% | -95.5% | ||
| Q2 24 | -120.2% | -112.4% | ||
| Q1 24 | 10.3% | -41.9% |
| Q4 25 | $0.01 | — | ||
| Q3 25 | $0.01 | $-1.14 | ||
| Q2 25 | $-0.06 | $-0.93 | ||
| Q1 25 | $-0.67 | $-1.21 | ||
| Q4 24 | $-0.23 | $-7.14 | ||
| Q3 24 | $-0.11 | $-1.56 | ||
| Q2 24 | $-0.13 | $-3.62 | ||
| Q1 24 | $-0.05 | $-2.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.9M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $237.3M | $14.5M |
| Total Assets | $271.7M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $69.9M | — | ||
| Q3 25 | $65.7M | — | ||
| Q2 25 | $63.4M | — | ||
| Q1 25 | $30.2M | — | ||
| Q4 24 | $31.9M | — | ||
| Q3 24 | $33.5M | — | ||
| Q2 24 | $50.8M | — | ||
| Q1 24 | $55.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
| Q4 25 | $237.3M | — | ||
| Q3 25 | $235.4M | $14.5M | ||
| Q2 25 | $222.5M | $-19.5M | ||
| Q1 25 | $222.0M | $-16.1M | ||
| Q4 24 | $299.6M | $-12.5M | ||
| Q3 24 | $325.6M | $20.9M | ||
| Q2 24 | $342.5M | $24.4M | ||
| Q1 24 | $358.0M | $21.5M |
| Q4 25 | $271.7M | — | ||
| Q3 25 | $270.3M | $152.0M | ||
| Q2 25 | $269.5M | $92.0M | ||
| Q1 25 | $297.3M | $90.0M | ||
| Q4 24 | $355.4M | $88.0M | ||
| Q3 24 | $368.9M | $97.3M | ||
| Q2 24 | $398.6M | $98.7M | ||
| Q1 24 | $403.0M | $90.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — |
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 | $5.7M | $-2.2M |
| Free Cash FlowOCF − Capex | $5.0M | $-6.8M |
| FCF MarginFCF / Revenue | 37.6% | -81.4% |
| Capex IntensityCapex / Revenue | 4.8% | 55.2% |
| Cash ConversionOCF / Net Profit | 2.55× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.3M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.7M | — | ||
| Q3 25 | $3.2M | $-2.2M | ||
| Q2 25 | $-6.7M | $-1.1M | ||
| Q1 25 | $-1.5M | $-177.0K | ||
| Q4 24 | $1.3M | $-5.1M | ||
| Q3 24 | $-9.3M | $61.0K | ||
| Q2 24 | $-547.5K | $-7.3M | ||
| Q1 24 | $4.3M | $3.9M |
| Q4 25 | $5.0M | — | ||
| Q3 25 | $2.5M | $-6.8M | ||
| Q2 25 | $-7.6M | $-9.7M | ||
| Q1 25 | $-2.3M | $-4.0M | ||
| Q4 24 | $720.3K | $-13.9M | ||
| Q3 24 | $-10.6M | $-3.4M | ||
| Q2 24 | $-1.3M | $-7.6M | ||
| Q1 24 | $1.4M | $3.3M |
| Q4 25 | 37.6% | — | ||
| Q3 25 | 21.0% | -81.4% | ||
| Q2 25 | -63.8% | -156.8% | ||
| Q1 25 | -18.6% | -67.1% | ||
| Q4 24 | 5.8% | -168.3% | ||
| Q3 24 | -88.3% | -44.8% | ||
| Q2 24 | -11.0% | -78.2% | ||
| Q1 24 | -2.8% | 26.5% |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 5.8% | 55.2% | ||
| Q2 25 | 7.5% | 139.0% | ||
| Q1 25 | 6.5% | 64.2% | ||
| Q4 24 | 4.4% | 107.0% | ||
| Q3 24 | 10.4% | 45.6% | ||
| Q2 24 | 6.5% | 2.5% | ||
| Q1 24 | -5.7% | 4.2% |
| Q4 25 | 2.55× | — | ||
| Q3 25 | 2.29× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
POWW
Segment breakdown not available.
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
