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Side-by-side financial comparison of R F INDUSTRIES LTD (RFIL) and Voyager Technologies, Inc. (VOYG). Click either name above to swap in a different company.
Voyager Technologies, Inc. is the larger business by last-quarter revenue ($46.7M vs $22.7M, roughly 2.1× R F INDUSTRIES LTD). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -70.7%, a 71.5% gap on every dollar of revenue. On growth, Voyager Technologies, Inc. posted the faster year-over-year revenue change (23.7% vs 22.9%). R F INDUSTRIES LTD produced more free cash flow last quarter ($2.0M vs $-54.5M).
Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.
RFIL vs VOYG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.7M | $46.7M |
| Net Profit | $173.0K | $-33.0M |
| Gross Margin | 36.8% | 21.4% |
| Operating Margin | 4.0% | — |
| Net Margin | 0.8% | -70.7% |
| Revenue YoY | 22.9% | 23.7% |
| Net Profit YoY | 172.7% | -71.2% |
| EPS (diluted) | $0.01 | $-0.52 |
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 | $22.7M | $46.7M | ||
| Q3 25 | $19.8M | $39.6M | ||
| Q2 25 | $18.9M | $45.7M | ||
| Q1 25 | $19.2M | — | ||
| Q4 24 | $18.5M | — | ||
| Q3 24 | $16.8M | — | ||
| Q2 24 | $16.1M | — | ||
| Q1 24 | $13.5M | — |
| Q4 25 | $173.0K | $-33.0M | ||
| Q3 25 | $392.0K | $-16.3M | ||
| Q2 25 | $-245.0K | $-31.4M | ||
| Q1 25 | $-245.0K | — | ||
| Q4 24 | $-238.0K | — | ||
| Q3 24 | $-705.0K | — | ||
| Q2 24 | $-4.3M | — | ||
| Q1 24 | $-1.4M | — |
| Q4 25 | 36.8% | 21.4% | ||
| Q3 25 | 34.0% | 15.4% | ||
| Q2 25 | 31.5% | 18.0% | ||
| Q1 25 | 29.8% | — | ||
| Q4 24 | 31.3% | — | ||
| Q3 24 | 29.5% | — | ||
| Q2 24 | 29.9% | — | ||
| Q1 24 | 24.5% | — |
| Q4 25 | 4.0% | — | ||
| Q3 25 | 3.6% | -60.7% | ||
| Q2 25 | 0.6% | -52.8% | ||
| Q1 25 | 0.3% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | -2.5% | — | ||
| Q2 24 | -2.6% | — | ||
| Q1 24 | -15.5% | — |
| Q4 25 | 0.8% | -70.7% | ||
| Q3 25 | 2.0% | -41.1% | ||
| Q2 25 | -1.3% | -68.7% | ||
| Q1 25 | -1.3% | — | ||
| Q4 24 | -1.3% | — | ||
| Q3 24 | -4.2% | — | ||
| Q2 24 | -26.7% | — | ||
| Q1 24 | -10.1% | — |
| Q4 25 | $0.01 | $-0.52 | ||
| Q3 25 | $0.04 | $-0.28 | ||
| Q2 25 | $-0.02 | $-1.23 | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $-0.41 | — | ||
| Q1 24 | $-0.13 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.1M | $491.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $35.2M | — |
| Total Assets | $73.0M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.1M | $491.3M | ||
| Q3 25 | $3.0M | $413.3M | ||
| Q2 25 | $3.6M | $468.9M | ||
| Q1 25 | $1.3M | — | ||
| Q4 24 | $839.0K | — | ||
| Q3 24 | $1.8M | — | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $4.5M | — |
| Q4 25 | $35.2M | — | ||
| Q3 25 | $34.8M | $590.9M | ||
| Q2 25 | $34.2M | $554.7M | ||
| Q1 25 | $34.2M | — | ||
| Q4 24 | $34.1M | — | ||
| Q3 24 | $34.1M | — | ||
| Q2 24 | $34.6M | — | ||
| Q1 24 | $38.7M | — |
| Q4 25 | $73.0M | — | ||
| Q3 25 | $73.2M | $727.8M | ||
| Q2 25 | $72.7M | $685.3M | ||
| Q1 25 | $70.4M | — | ||
| Q4 24 | $71.0M | — | ||
| Q3 24 | $71.9M | — | ||
| Q2 24 | $72.8M | — | ||
| Q1 24 | $79.1M | — |
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 | $2.1M | $-60.9M |
| Free Cash FlowOCF − Capex | $2.0M | $-54.5M |
| FCF MarginFCF / Revenue | 9.0% | -116.9% |
| Capex IntensityCapex / Revenue | 0.3% | — |
| Cash ConversionOCF / Net Profit | 12.13× | — |
| TTM Free Cash FlowTrailing 4 quarters | $4.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.1M | $-60.9M | ||
| Q3 25 | $-311.0K | $-15.1M | ||
| Q2 25 | $2.2M | $-30.9M | ||
| Q1 25 | $601.0K | — | ||
| Q4 24 | $-244.0K | — | ||
| Q3 24 | $2.4M | — | ||
| Q2 24 | $197.0K | — | ||
| Q1 24 | $840.0K | — |
| Q4 25 | $2.0M | $-54.5M | ||
| Q3 25 | $-419.0K | $-53.8M | ||
| Q2 25 | $2.2M | $-88.8M | ||
| Q1 25 | $574.0K | — | ||
| Q4 24 | $-418.0K | — | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $28.0K | — | ||
| Q1 24 | $697.0K | — |
| Q4 25 | 9.0% | -116.9% | ||
| Q3 25 | -2.1% | -135.8% | ||
| Q2 25 | 11.4% | -194.4% | ||
| Q1 25 | 3.0% | — | ||
| Q4 24 | -2.3% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 0.2% | — | ||
| Q1 24 | 5.2% | — |
| Q4 25 | 0.3% | — | ||
| Q3 25 | 0.5% | 97.8% | ||
| Q2 25 | 0.2% | 126.7% | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.9% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.0% | — | ||
| Q1 24 | 1.1% | — |
| Q4 25 | 12.13× | — | ||
| Q3 25 | -0.79× | — | ||
| 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
RFIL
| US | $20.9M | 92% |
| Non Us | $1.8M | 8% |
VOYG
| Defense and National Security | $35.7M | 77% |
| Space Solutions | $12.5M | 27% |
