vs

Side-by-side financial comparison of Simulations Plus, Inc. (SLP) and Tectonic Financial, Inc. (TECTP). Click either name above to swap in a different company.

Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $18.4M, roughly 1.3× Simulations Plus, Inc.). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs 3.7%, a 20.2% gap on every dollar of revenue. On growth, Tectonic Financial, Inc. posted the faster year-over-year revenue change (17.9% vs -2.7%). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% CAGR vs 0.3%).

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

SLP vs TECTP — Head-to-Head

Bigger by revenue
TECTP
TECTP
1.3× larger
TECTP
$23.0M
$18.4M
SLP
Growing faster (revenue YoY)
TECTP
TECTP
+20.5% gap
TECTP
17.9%
-2.7%
SLP
Higher net margin
TECTP
TECTP
20.2% more per $
TECTP
23.8%
3.7%
SLP
Faster 2-yr revenue CAGR
TECTP
TECTP
Annualised
TECTP
270.5%
0.3%
SLP

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
SLP
SLP
TECTP
TECTP
Revenue
$18.4M
$23.0M
Net Profit
$676.0K
$5.5M
Gross Margin
59.1%
Operating Margin
3.9%
30.6%
Net Margin
3.7%
23.8%
Revenue YoY
-2.7%
17.9%
Net Profit YoY
228.2%
15.9%
EPS (diluted)
$0.03
$0.73

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
SLP
SLP
TECTP
TECTP
Q4 25
$18.4M
Q3 25
$17.5M
$23.0M
Q2 25
$20.4M
$21.6M
Q1 25
$22.4M
$21.8M
Q4 24
$18.9M
$21.4M
Q3 24
$18.7M
$19.5M
Q2 24
$18.5M
$18.6M
Q1 24
$18.3M
$17.6M
Net Profit
SLP
SLP
TECTP
TECTP
Q4 25
$676.0K
Q3 25
$-681.0K
$5.5M
Q2 25
$-67.3M
$4.3M
Q1 25
$3.1M
$4.5M
Q4 24
$206.0K
$3.0M
Q3 24
$843.0K
$4.7M
Q2 24
$3.1M
$3.1M
Q1 24
$4.0M
$3.1M
Gross Margin
SLP
SLP
TECTP
TECTP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
SLP
SLP
TECTP
TECTP
Q4 25
3.9%
Q3 25
3.8%
30.6%
Q2 25
-364.5%
25.9%
Q1 25
12.1%
26.0%
Q4 24
0.7%
22.1%
Q3 24
-6.2%
29.1%
Q2 24
10.1%
21.5%
Q1 24
24.3%
22.2%
Net Margin
SLP
SLP
TECTP
TECTP
Q4 25
3.7%
Q3 25
-3.9%
23.8%
Q2 25
-330.6%
19.8%
Q1 25
13.7%
20.4%
Q4 24
1.1%
14.0%
Q3 24
4.5%
24.2%
Q2 24
16.9%
16.9%
Q1 24
22.0%
17.4%
EPS (diluted)
SLP
SLP
TECTP
TECTP
Q4 25
$0.03
Q3 25
$-0.03
$0.73
Q2 25
$-3.35
$0.55
Q1 25
$0.15
$0.57
Q4 24
$0.01
$0.35
Q3 24
$0.04
$0.58
Q2 24
$0.15
$0.38
Q1 24
$0.20
$0.37

Balance Sheet & Financial Strength

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

Metric
SLP
SLP
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$127.1M
$119.2M
Total Assets
$137.8M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLP
SLP
TECTP
TECTP
Q4 25
$35.7M
Q3 25
$32.4M
Q2 25
$28.4M
Q1 25
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Stockholders' Equity
SLP
SLP
TECTP
TECTP
Q4 25
$127.1M
Q3 25
$124.8M
$119.2M
Q2 25
$123.8M
$114.6M
Q1 25
$189.5M
$111.3M
Q4 24
$184.7M
$113.4M
Q3 24
$182.4M
$112.8M
Q2 24
$180.9M
$110.4M
Q1 24
$177.0M
$108.5M
Total Assets
SLP
SLP
TECTP
TECTP
Q4 25
$137.8M
Q3 25
$131.9M
$1.1B
Q2 25
$134.4M
$997.0M
Q1 25
$201.4M
$910.5M
Q4 24
$196.9M
$863.4M
Q3 24
$196.6M
$847.5M
Q2 24
$192.7M
$777.1M
Q1 24
$194.0M
$777.6M

Cash Flow & Capital Efficiency

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

Metric
SLP
SLP
TECTP
TECTP
Operating Cash FlowLast quarter
$4.2M
$-17.3M
Free Cash FlowOCF − Capex
$-17.3M
FCF MarginFCF / Revenue
-74.9%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
6.26×
-3.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLP
SLP
TECTP
TECTP
Q4 25
$4.2M
Q3 25
$5.6M
$-17.3M
Q2 25
$8.1M
$-32.5M
Q1 25
$5.7M
$-35.6M
Q4 24
$-1.3M
$-86.6M
Q3 24
$1.7M
$-22.5M
Q2 24
$5.7M
$-30.7M
Q1 24
$5.8M
$-3.2M
Free Cash Flow
SLP
SLP
TECTP
TECTP
Q4 25
Q3 25
$5.3M
$-17.3M
Q2 25
$7.8M
Q1 25
$5.6M
$-35.6M
Q4 24
$-1.4M
$-86.8M
Q3 24
$1.6M
$-22.5M
Q2 24
$5.6M
$-30.7M
Q1 24
$5.4M
$-3.3M
FCF Margin
SLP
SLP
TECTP
TECTP
Q4 25
Q3 25
30.5%
-74.9%
Q2 25
38.5%
Q1 25
25.0%
-163.2%
Q4 24
-7.2%
-406.5%
Q3 24
8.8%
-115.0%
Q2 24
30.0%
-165.5%
Q1 24
29.4%
-18.8%
Capex Intensity
SLP
SLP
TECTP
TECTP
Q4 25
0.0%
Q3 25
1.5%
0.0%
Q2 25
1.5%
0.0%
Q1 25
0.3%
0.0%
Q4 24
0.5%
1.0%
Q3 24
0.1%
0.1%
Q2 24
0.6%
0.3%
Q1 24
2.4%
0.9%
Cash Conversion
SLP
SLP
TECTP
TECTP
Q4 25
6.26×
Q3 25
-3.14×
Q2 25
-7.61×
Q1 25
1.84×
-8.00×
Q4 24
-6.18×
-28.99×
Q3 24
1.97×
-4.74×
Q2 24
1.81×
-9.76×
Q1 24
1.44×
-1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

TECTP
TECTP

Segment breakdown not available.

Related Comparisons