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Side-by-side financial comparison of RGC RESOURCES INC (RGCO) and Xtant Medical Holdings, Inc. (XTNT). Click either name above to swap in a different company.

Xtant Medical Holdings, Inc. is the larger business by last-quarter revenue ($32.4M vs $30.6M, roughly 1.1× RGC RESOURCES INC). RGC RESOURCES INC runs the higher net margin — 16.0% vs 0.2%, a 15.8% gap on every dollar of revenue. On growth, RGC RESOURCES INC posted the faster year-over-year revenue change (13.9% vs 2.7%). Xtant Medical Holdings, Inc. produced more free cash flow last quarter ($5.0M vs $-4.6M). Over the past eight quarters, Xtant Medical Holdings, Inc.'s revenue compounded faster (7.7% CAGR vs -0.4%).

Iluka Resources is an Australian resources company, specialising in mineral sands exploration, project development, operations and marketing. It was formed in July 1998 in a merger between Westralian Sands and the titanium mineral business RGC Ltd, becoming Iluka Resources Ltd in 1999. Iluka is a major producer of zircon and titanium dioxide–derived rutile and synthetic rutile globally. The company has operations in Australia, and has also conducted business in the United States and the West ...

Xtant Medical Holdings, Inc. is a global medical technology company that develops, manufactures and markets orthobiologic products, neurosurgery devices, and regenerative medicine solutions for orthopedic and neurological care providers. It serves patients and medical institutions across North America, Europe and the Asia-Pacific, with core segments covering spinal surgery supplies and bone regeneration products.

RGCO vs XTNT — Head-to-Head

Bigger by revenue
XTNT
XTNT
1.1× larger
XTNT
$32.4M
$30.6M
RGCO
Growing faster (revenue YoY)
RGCO
RGCO
+11.2% gap
RGCO
13.9%
2.7%
XTNT
Higher net margin
RGCO
RGCO
15.8% more per $
RGCO
16.0%
0.2%
XTNT
More free cash flow
XTNT
XTNT
$9.5M more FCF
XTNT
$5.0M
$-4.6M
RGCO
Faster 2-yr revenue CAGR
XTNT
XTNT
Annualised
XTNT
7.7%
-0.4%
RGCO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
RGCO
RGCO
XTNT
XTNT
Revenue
$30.6M
$32.4M
Net Profit
$4.9M
$57.0K
Gross Margin
54.9%
Operating Margin
21.4%
-2.9%
Net Margin
16.0%
0.2%
Revenue YoY
13.9%
2.7%
Net Profit YoY
-7.3%
101.8%
EPS (diluted)
$0.47
$0.00

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
RGCO
RGCO
XTNT
XTNT
Q4 25
$30.6M
$32.4M
Q3 25
$14.0M
$33.3M
Q2 25
$16.6M
$35.4M
Q1 25
$36.5M
$32.9M
Q4 24
$26.8M
$31.5M
Q3 24
$12.8M
$27.9M
Q2 24
$13.6M
$29.9M
Q1 24
$30.8M
$27.9M
Net Profit
RGCO
RGCO
XTNT
XTNT
Q4 25
$4.9M
$57.0K
Q3 25
$-204.3K
$1.3M
Q2 25
$538.4K
$3.5M
Q1 25
$7.7M
$58.0K
Q4 24
$5.3M
$-3.2M
Q3 24
$140.8K
$-5.0M
Q2 24
$156.7K
$-3.9M
Q1 24
$6.4M
$-4.4M
Gross Margin
RGCO
RGCO
XTNT
XTNT
Q4 25
54.9%
Q3 25
66.1%
Q2 25
68.6%
Q1 25
61.5%
Q4 24
50.9%
Q3 24
58.4%
Q2 24
62.1%
Q1 24
62.1%
Operating Margin
RGCO
RGCO
XTNT
XTNT
Q4 25
21.4%
-2.9%
Q3 25
-3.4%
7.6%
Q2 25
7.2%
13.1%
Q1 25
28.5%
3.2%
Q4 24
27.3%
-6.0%
Q3 24
1.9%
-13.5%
Q2 24
11.5%
-9.8%
Q1 24
28.0%
-12.4%
Net Margin
RGCO
RGCO
XTNT
XTNT
Q4 25
16.0%
0.2%
Q3 25
-1.5%
3.9%
Q2 25
3.2%
10.0%
Q1 25
21.1%
0.2%
Q4 24
19.6%
-10.0%
Q3 24
1.1%
-18.0%
Q2 24
1.2%
-12.9%
Q1 24
20.9%
-15.8%
EPS (diluted)
RGCO
RGCO
XTNT
XTNT
Q4 25
$0.47
$0.00
Q3 25
$-0.01
$0.01
Q2 25
$0.05
$0.02
Q1 25
$0.74
$0.00
Q4 24
$0.51
$-0.02
Q3 24
$0.01
$-0.04
Q2 24
$0.02
$-0.03
Q1 24
$0.63
$-0.03

Balance Sheet & Financial Strength

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

Metric
RGCO
RGCO
XTNT
XTNT
Cash + ST InvestmentsLiquidity on hand
$17.1M
Total DebtLower is stronger
$11.0M
Stockholders' EquityBook value
$116.4M
$51.0M
Total Assets
$341.0M
$94.1M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RGCO
RGCO
XTNT
XTNT
Q4 25
$17.1M
Q3 25
$10.4M
Q2 25
$6.9M
Q1 25
$5.0M
Q4 24
$6.2M
Q3 24
$6.6M
Q2 24
$5.4M
Q1 24
$4.5M
Total Debt
RGCO
RGCO
XTNT
XTNT
Q4 25
$11.0M
Q3 25
$17.4M
Q2 25
$22.3M
Q1 25
$22.2M
Q4 24
$22.0M
Q3 24
$19.1M
Q2 24
$21.8M
Q1 24
$16.8M
Stockholders' Equity
RGCO
RGCO
XTNT
XTNT
Q4 25
$116.4M
$51.0M
Q3 25
$113.6M
$50.4M
Q2 25
$116.3M
$48.5M
Q1 25
$117.8M
$43.9M
Q4 24
$111.8M
$43.0M
Q3 24
$108.1M
$45.7M
Q2 24
$108.8M
$45.0M
Q1 24
$110.5M
$47.7M
Total Assets
RGCO
RGCO
XTNT
XTNT
Q4 25
$341.0M
$94.1M
Q3 25
$329.8M
$106.3M
Q2 25
$324.8M
$103.5M
Q1 25
$326.4M
$95.8M
Q4 24
$335.2M
$93.8M
Q3 24
$320.7M
$98.9M
Q2 24
$314.2M
$95.6M
Q1 24
$313.4M
$93.9M
Debt / Equity
RGCO
RGCO
XTNT
XTNT
Q4 25
0.22×
Q3 25
0.35×
Q2 25
0.46×
Q1 25
0.51×
Q4 24
0.51×
Q3 24
0.42×
Q2 24
0.48×
Q1 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
RGCO
RGCO
XTNT
XTNT
Operating Cash FlowLast quarter
$1.1M
$5.4M
Free Cash FlowOCF − Capex
$-4.6M
$5.0M
FCF MarginFCF / Revenue
-14.9%
15.4%
Capex IntensityCapex / Revenue
18.5%
1.2%
Cash ConversionOCF / Net Profit
0.22×
94.39×
TTM Free Cash FlowTrailing 4 quarters
$10.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RGCO
RGCO
XTNT
XTNT
Q4 25
$1.1M
$5.4M
Q3 25
$675.1K
$4.6M
Q2 25
$6.4M
$1.3M
Q1 25
$21.0M
$1.3M
Q4 24
$827.2K
$665.0K
Q3 24
$377.4K
$-1.7M
Q2 24
$5.9M
$-5.1M
Q1 24
$11.8M
$-5.8M
Free Cash Flow
RGCO
RGCO
XTNT
XTNT
Q4 25
$-4.6M
$5.0M
Q3 25
$4.2M
Q2 25
$1.4M
$910.0K
Q1 25
$16.1M
$87.0K
Q4 24
$-4.9M
$-7.0K
Q3 24
$-5.1M
$-3.8M
Q2 24
$564.7K
$-5.7M
Q1 24
$5.8M
$-6.5M
FCF Margin
RGCO
RGCO
XTNT
XTNT
Q4 25
-14.9%
15.4%
Q3 25
12.6%
Q2 25
8.4%
2.6%
Q1 25
44.1%
0.3%
Q4 24
-18.3%
-0.0%
Q3 24
-40.2%
-13.7%
Q2 24
4.2%
-18.9%
Q1 24
18.8%
-23.4%
Capex Intensity
RGCO
RGCO
XTNT
XTNT
Q4 25
18.5%
1.2%
Q3 25
1.3%
Q2 25
30.4%
1.0%
Q1 25
13.6%
3.6%
Q4 24
21.4%
2.1%
Q3 24
43.2%
7.5%
Q2 24
39.0%
1.9%
Q1 24
19.4%
2.8%
Cash Conversion
RGCO
RGCO
XTNT
XTNT
Q4 25
0.22×
94.39×
Q3 25
3.53×
Q2 25
11.96×
0.36×
Q1 25
2.74×
22.03×
Q4 24
0.16×
Q3 24
2.68×
Q2 24
37.36×
Q1 24
1.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RGCO
RGCO

Segment breakdown not available.

XTNT
XTNT

Orthobiologics$18.3M57%
Spinal Implant$9.4M29%
License Revenue$4.6M14%

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