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Side-by-side financial comparison of Pyxis Tankers Inc. (PXS) and SWK Holdings Corp (SWKH). Click either name above to swap in a different company.

Pyxis Tankers Inc. is the larger business by last-quarter revenue ($17.0M vs $8.7M, roughly 2.0× SWK Holdings Corp).

Pyxis Tankers Inc. is an international maritime transport enterprise specializing in seaborne shipping of refined petroleum products and other bulk liquid cargoes. It operates a fleet of modern product tankers, serving global energy markets, with core business covering major trade routes across the Atlantic, Mediterranean and Asia-Pacific regions.

SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.

PXS vs SWKH — Head-to-Head

Bigger by revenue
PXS
PXS
2.0× larger
PXS
$17.0M
$8.7M
SWKH

Income Statement — Q3 FY2022 vs Q4 FY2025

Metric
PXS
PXS
SWKH
SWKH
Revenue
$17.0M
$8.7M
Net Profit
$5.3M
$-19.4M
Gross Margin
Operating Margin
37.2%
9.9%
Net Margin
31.3%
Revenue YoY
-29.7%
Net Profit YoY
-430.2%
EPS (diluted)
$0.44
$-1.59

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
PXS
PXS
SWKH
SWKH
Q4 25
$8.7M
Q3 25
$10.9M
Q2 25
$10.1M
Q1 25
$11.8M
Q4 24
$12.4M
Q3 24
$10.4M
Q2 24
$10.8M
Q1 24
$11.4M
Net Profit
PXS
PXS
SWKH
SWKH
Q4 25
$-19.4M
Q3 25
$8.8M
Q2 25
$3.5M
Q1 25
$4.5M
Q4 24
$5.9M
Q3 24
$3.5M
Q2 24
$3.7M
Q1 24
$468.0K
Operating Margin
PXS
PXS
SWKH
SWKH
Q4 25
9.9%
Q3 25
61.3%
Q2 25
46.1%
Q1 25
68.6%
Q4 24
44.7%
Q3 24
39.2%
Q2 24
8.3%
Q1 24
9.5%
Net Margin
PXS
PXS
SWKH
SWKH
Q4 25
Q3 25
80.7%
Q2 25
35.2%
Q1 25
38.4%
Q4 24
47.5%
Q3 24
33.3%
Q2 24
33.9%
Q1 24
4.1%
EPS (diluted)
PXS
PXS
SWKH
SWKH
Q4 25
$-1.59
Q3 25
$0.72
Q2 25
$0.29
Q1 25
$0.37
Q4 24
$0.47
Q3 24
$0.28
Q2 24
$0.30
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
PXS
PXS
SWKH
SWKH
Cash + ST InvestmentsLiquidity on hand
$4.3M
$42.8M
Total DebtLower is stronger
$67.3M
$33.0M
Stockholders' EquityBook value
$54.9M
$235.1M
Total Assets
$138.1M
$272.4M
Debt / EquityLower = less leverage
1.23×
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PXS
PXS
SWKH
SWKH
Q4 25
$42.8M
Q3 25
$10.2M
Q2 25
$8.0M
Q1 25
$29.8M
Q4 24
$5.9M
Q3 24
$17.2M
Q2 24
$5.5M
Q1 24
$5.5M
Total Debt
PXS
PXS
SWKH
SWKH
Q4 25
$33.0M
Q3 25
$33.0M
Q2 25
$33.0M
Q1 25
$33.0M
Q4 24
$33.0M
Q3 24
$33.0M
Q2 24
$33.0M
Q1 24
$33.0M
Stockholders' Equity
PXS
PXS
SWKH
SWKH
Q4 25
$235.1M
Q3 25
$254.2M
Q2 25
$246.5M
Q1 25
$292.7M
Q4 24
$288.7M
Q3 24
$283.4M
Q2 24
$282.8M
Q1 24
$279.9M
Total Assets
PXS
PXS
SWKH
SWKH
Q4 25
$272.4M
Q3 25
$289.4M
Q2 25
$285.7M
Q1 25
$331.3M
Q4 24
$332.2M
Q3 24
$321.3M
Q2 24
$321.0M
Q1 24
$322.0M
Debt / Equity
PXS
PXS
SWKH
SWKH
Q4 25
0.14×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.12×
Q2 24
0.12×
Q1 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
PXS
PXS
SWKH
SWKH
Operating Cash FlowLast quarter
$2.4M
$27.3M
Free Cash FlowOCF − Capex
$26.8M
FCF MarginFCF / Revenue
308.1%
Capex IntensityCapex / Revenue
0.0%
5.9%
Cash ConversionOCF / Net Profit
0.45×
TTM Free Cash FlowTrailing 4 quarters
$43.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PXS
PXS
SWKH
SWKH
Q4 25
$27.3M
Q3 25
$906.0K
Q2 25
$7.8M
Q1 25
$8.3M
Q4 24
$23.0M
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
$4.4M
Free Cash Flow
PXS
PXS
SWKH
SWKH
Q4 25
$26.8M
Q3 25
$557.0K
Q2 25
$7.7M
Q1 25
$8.2M
Q4 24
$22.9M
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
FCF Margin
PXS
PXS
SWKH
SWKH
Q4 25
308.1%
Q3 25
5.1%
Q2 25
77.0%
Q1 25
69.1%
Q4 24
185.3%
Q3 24
60.4%
Q2 24
49.7%
Q1 24
Capex Intensity
PXS
PXS
SWKH
SWKH
Q4 25
5.9%
Q3 25
3.2%
Q2 25
0.6%
Q1 25
0.8%
Q4 24
1.1%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
PXS
PXS
SWKH
SWKH
Q4 25
Q3 25
0.10×
Q2 25
2.21×
Q1 25
1.82×
Q4 24
3.93×
Q3 24
1.82×
Q2 24
1.47×
Q1 24
9.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PXS
PXS

Segment breakdown not available.

SWKH
SWKH

Finance Receivables Segment$8.4M96%
Other$329.0K4%

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