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Side-by-side financial comparison of SES AI Corp (SES) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.
SES AI Corp is the larger business by last-quarter revenue ($4.6M vs $2.9M, roughly 1.6× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -373.5%, a 380.1% gap on every dollar of revenue.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.
SES vs TOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.6M | $2.9M |
| Net Profit | $-17.0M | $190.5K |
| Gross Margin | 11.3% | — |
| Operating Margin | -387.7% | — |
| Net Margin | -373.5% | 6.6% |
| Revenue YoY | — | — |
| Net Profit YoY | 50.7% | — |
| EPS (diluted) | $-0.05 | — |
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 | $4.6M | — | ||
| Q3 25 | $7.1M | $2.9M | ||
| Q2 25 | $3.5M | — | ||
| Q1 25 | $5.8M | — |
| Q4 25 | $-17.0M | — | ||
| Q3 25 | $-20.9M | $190.5K | ||
| Q2 25 | $-22.7M | — | ||
| Q1 25 | $-12.4M | — |
| Q4 25 | 11.3% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 78.7% | — |
| Q4 25 | -387.7% | — | ||
| Q3 25 | -262.0% | — | ||
| Q2 25 | -652.3% | — | ||
| Q1 25 | -401.7% | — |
| Q4 25 | -373.5% | — | ||
| Q3 25 | -293.9% | 6.6% | ||
| Q2 25 | -642.2% | — | ||
| Q1 25 | -214.6% | — |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.06 | — | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.04 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.5M | $14.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $214.8M | $35.0M |
| Total Assets | $272.6M | $64.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.5M | — | ||
| Q3 25 | $35.3M | $14.8M | ||
| Q2 25 | $11.8M | — | ||
| Q1 25 | $56.1M | — |
| Q4 25 | $214.8M | — | ||
| Q3 25 | $228.2M | $35.0M | ||
| Q2 25 | $249.2M | — | ||
| Q1 25 | $269.9M | — |
| Q4 25 | $272.6M | — | ||
| Q3 25 | $288.8M | $64.1M | ||
| Q2 25 | $290.5M | — | ||
| Q1 25 | $306.0M | — |
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 | $-10.4M | — |
| Free Cash FlowOCF − Capex | $-11.1M | — |
| FCF MarginFCF / Revenue | -243.7% | — |
| Capex IntensityCapex / Revenue | 15.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-61.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.4M | — | ||
| Q3 25 | $-14.3M | — | ||
| Q2 25 | $-10.8M | — | ||
| Q1 25 | $-22.8M | — |
| Q4 25 | $-11.1M | — | ||
| Q3 25 | $-14.7M | — | ||
| Q2 25 | $-11.6M | — | ||
| Q1 25 | $-23.7M | — |
| Q4 25 | -243.7% | — | ||
| Q3 25 | -206.9% | — | ||
| Q2 25 | -329.6% | — | ||
| Q1 25 | -410.0% | — |
| Q4 25 | 15.6% | — | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 15.8% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
