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Side-by-side financial comparison of Sol-Gel Technologies Ltd. (SLGL) and TANDY LEATHER FACTORY INC (TLF). Click either name above to swap in a different company.

TANDY LEATHER FACTORY INC is the larger business by last-quarter revenue ($22.3M vs $17.3M, roughly 1.3× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -4.2%, a 71.4% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 8.7%).

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

Tandy Leather Factory, Inc. is an American specialty retailer and wholesale distributor of leather and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the Tandy Corporation, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.

SLGL vs TLF — Head-to-Head

Bigger by revenue
TLF
TLF
1.3× larger
TLF
$22.3M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+209.1% gap
SLGL
217.7%
8.7%
TLF
Higher net margin
SLGL
SLGL
71.4% more per $
SLGL
67.3%
-4.2%
TLF

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
SLGL
SLGL
TLF
TLF
Revenue
$17.3M
$22.3M
Net Profit
$11.6M
$-930.0K
Gross Margin
54.3%
Operating Margin
65.1%
-2.8%
Net Margin
67.3%
-4.2%
Revenue YoY
217.7%
8.7%
Net Profit YoY
487.6%
-379.3%
EPS (diluted)
$4.17
$-0.18

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
SLGL
SLGL
TLF
TLF
Q4 25
$22.3M
Q3 25
$17.3M
Q2 25
$17.3M
$17.8M
Q1 25
$19.0M
Q4 24
$20.5M
Q3 24
$17.4M
Q2 24
$5.4M
$17.3M
Q1 24
$19.3M
Net Profit
SLGL
SLGL
TLF
TLF
Q4 25
$-930.0K
Q3 25
$-1.4M
Q2 25
$11.6M
$-199.0K
Q1 25
$11.6M
Q4 24
$333.0K
Q3 24
$-132.0K
Q2 24
$2.0M
$101.0K
Q1 24
$525.0K
Gross Margin
SLGL
SLGL
TLF
TLF
Q4 25
54.3%
Q3 25
58.9%
Q2 25
59.5%
Q1 25
56.3%
Q4 24
53.0%
Q3 24
57.8%
Q2 24
58.0%
Q1 24
56.7%
Operating Margin
SLGL
SLGL
TLF
TLF
Q4 25
-2.8%
Q3 25
-3.9%
Q2 25
65.1%
0.4%
Q1 25
1.4%
Q4 24
0.9%
Q3 24
-1.5%
Q2 24
29.9%
0.4%
Q1 24
3.4%
Net Margin
SLGL
SLGL
TLF
TLF
Q4 25
-4.2%
Q3 25
-7.8%
Q2 25
67.3%
-1.1%
Q1 25
60.8%
Q4 24
1.6%
Q3 24
-0.8%
Q2 24
36.4%
0.6%
Q1 24
2.7%
EPS (diluted)
SLGL
SLGL
TLF
TLF
Q4 25
$-0.18
Q3 25
$-0.17
Q2 25
$4.17
$-0.02
Q1 25
$1.47
Q4 24
$0.04
Q3 24
$-0.02
Q2 24
$0.71
$0.01
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
SLGL
SLGL
TLF
TLF
Cash + ST InvestmentsLiquidity on hand
$24.3M
$16.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$31.9M
$52.6M
Total Assets
$39.3M
$86.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLGL
SLGL
TLF
TLF
Q4 25
$16.1M
Q3 25
$12.0M
Q2 25
$24.3M
$16.4M
Q1 25
$23.6M
Q4 24
$13.3M
Q3 24
$10.1M
Q2 24
$26.5M
$11.5M
Q1 24
$12.3M
Stockholders' Equity
SLGL
SLGL
TLF
TLF
Q4 25
$52.6M
Q3 25
$53.4M
Q2 25
$31.9M
$56.1M
Q1 25
$55.8M
Q4 24
$57.2M
Q3 24
$57.6M
Q2 24
$34.9M
$57.5M
Q1 24
$57.2M
Total Assets
SLGL
SLGL
TLF
TLF
Q4 25
$86.6M
Q3 25
$84.5M
Q2 25
$39.3M
$76.5M
Q1 25
$77.9M
Q4 24
$74.9M
Q3 24
$73.0M
Q2 24
$42.0M
$72.8M
Q1 24
$72.4M

Cash Flow & Capital Efficiency

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

Metric
SLGL
SLGL
TLF
TLF
Operating Cash FlowLast quarter
$5.0M
Free Cash FlowOCF − Capex
$4.0M
FCF MarginFCF / Revenue
18.1%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLGL
SLGL
TLF
TLF
Q4 25
$5.0M
Q3 25
$-1.0M
Q2 25
$-4.0M
Q1 25
$-536.0K
Q4 24
$4.5M
Q3 24
$-535.0K
Q2 24
$-514.0K
Q1 24
$1.1M
Free Cash Flow
SLGL
SLGL
TLF
TLF
Q4 25
$4.0M
Q3 25
$-3.0M
Q2 25
$-7.3M
Q1 25
$-1.9M
Q4 24
$3.8M
Q3 24
$-1.4M
Q2 24
$-715.0K
Q1 24
$-141.0K
FCF Margin
SLGL
SLGL
TLF
TLF
Q4 25
18.1%
Q3 25
-17.2%
Q2 25
-41.0%
Q1 25
-9.8%
Q4 24
18.8%
Q3 24
-8.2%
Q2 24
-4.1%
Q1 24
-0.7%
Capex Intensity
SLGL
SLGL
TLF
TLF
Q4 25
4.3%
Q3 25
11.2%
Q2 25
18.7%
Q1 25
7.0%
Q4 24
3.3%
Q3 24
5.1%
Q2 24
1.2%
Q1 24
6.4%
Cash Conversion
SLGL
SLGL
TLF
TLF
Q4 25
Q3 25
Q2 25
Q1 25
-0.05×
Q4 24
13.55×
Q3 24
Q2 24
-5.09×
Q1 24
2.07×

Financial Flow Comparison

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

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