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Side-by-side financial comparison of Sensus Healthcare, Inc. (SRTS) and TON Strategy Co (TONX). Click either name above to swap in a different company.

TON Strategy Co is the larger business by last-quarter revenue ($5.7M vs $4.9M, roughly 1.2× Sensus Healthcare, Inc.). Sensus Healthcare, Inc. runs the higher net margin — -64.1% vs -3968.6%, a 3904.4% gap on every dollar of revenue. On growth, TON Strategy Co posted the faster year-over-year revenue change (694.2% vs -62.2%). Sensus Healthcare, Inc. produced more free cash flow last quarter ($-2.4M vs $-8.0M). Over the past eight quarters, TON Strategy Co's revenue compounded faster (46.1% CAGR vs -31.9%).

Sensus Healthcare, Inc. is a medical technology company that designs, manufactures and commercializes innovative non-invasive superficial radiation therapy systems. Its products are primarily used for treating non-melanoma skin cancers, keloids, and select cosmetic dermatology conditions, serving healthcare providers and clinical facilities worldwide.

SRTS vs TONX — Head-to-Head

Bigger by revenue
TONX
TONX
1.2× larger
TONX
$5.7M
$4.9M
SRTS
Growing faster (revenue YoY)
TONX
TONX
+756.4% gap
TONX
694.2%
-62.2%
SRTS
Higher net margin
SRTS
SRTS
3904.4% more per $
SRTS
-64.1%
-3968.6%
TONX
More free cash flow
SRTS
SRTS
$5.6M more FCF
SRTS
$-2.4M
$-8.0M
TONX
Faster 2-yr revenue CAGR
TONX
TONX
Annualised
TONX
46.1%
-31.9%
SRTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SRTS
SRTS
TONX
TONX
Revenue
$4.9M
$5.7M
Net Profit
$-3.2M
$-227.9M
Gross Margin
38.4%
64.3%
Operating Margin
-63.8%
-159.2%
Net Margin
-64.1%
-3968.6%
Revenue YoY
-62.2%
694.2%
Net Profit YoY
-304.9%
-7047.9%
EPS (diluted)
$-0.19
$-3.89

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
SRTS
SRTS
TONX
TONX
Q4 25
$4.9M
$5.7M
Q3 25
$6.9M
$3.6M
Q2 25
$7.3M
$2.1M
Q1 25
$8.3M
$1.3M
Q4 24
$13.1M
$723.0K
Q3 24
$8.8M
Q2 24
$9.2M
Q1 24
$10.7M
Net Profit
SRTS
SRTS
TONX
TONX
Q4 25
$-3.2M
$-227.9M
Q3 25
$-943.0K
$84.3M
Q2 25
$-1.0M
$-2.4M
Q1 25
$-2.6M
$-2.6M
Q4 24
$1.5M
$-3.2M
Q3 24
$1.2M
Q2 24
$1.6M
Q1 24
$2.3M
Gross Margin
SRTS
SRTS
TONX
TONX
Q4 25
38.4%
64.3%
Q3 25
39.4%
75.4%
Q2 25
39.7%
71.2%
Q1 25
52.2%
73.4%
Q4 24
54.4%
81.5%
Q3 24
59.3%
Q2 24
58.7%
Q1 24
62.5%
Operating Margin
SRTS
SRTS
TONX
TONX
Q4 25
-63.8%
-159.2%
Q3 25
-37.3%
-601.5%
Q2 25
-26.6%
-138.2%
Q1 25
-31.7%
-203.8%
Q4 24
13.2%
-513.1%
Q3 24
16.9%
Q2 24
21.5%
Q1 24
27.1%
Net Margin
SRTS
SRTS
TONX
TONX
Q4 25
-64.1%
-3968.6%
Q3 25
-13.7%
2336.8%
Q2 25
-14.2%
-111.9%
Q1 25
-30.8%
-196.5%
Q4 24
11.8%
-440.9%
Q3 24
13.7%
Q2 24
17.4%
Q1 24
21.3%
EPS (diluted)
SRTS
SRTS
TONX
TONX
Q4 25
$-0.19
$-3.89
Q3 25
$-0.06
$2.23
Q2 25
$-0.06
$-1.79
Q1 25
$-0.16
$-2.51
Q4 24
$0.10
$10.41
Q3 24
$0.07
Q2 24
$0.10
Q1 24
$0.14

Balance Sheet & Financial Strength

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

Metric
SRTS
SRTS
TONX
TONX
Cash + ST InvestmentsLiquidity on hand
$22.1M
$39.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$48.1M
$406.5M
Total Assets
$53.0M
$411.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRTS
SRTS
TONX
TONX
Q4 25
$22.1M
$39.5M
Q3 25
$24.5M
$53.9M
Q2 25
$22.2M
$10.4M
Q1 25
$19.1M
$12.2M
Q4 24
$22.1M
$12.5M
Q3 24
$22.6M
Q2 24
$19.0M
Q1 24
$14.7M
Stockholders' Equity
SRTS
SRTS
TONX
TONX
Q4 25
$48.1M
$406.5M
Q3 25
$51.2M
$639.1M
Q2 25
$52.1M
$19.4M
Q1 25
$53.0M
$14.6M
Q4 24
$55.8M
$16.2M
Q3 24
$54.1M
Q2 24
$52.9M
Q1 24
$51.2M
Total Assets
SRTS
SRTS
TONX
TONX
Q4 25
$53.0M
$411.2M
Q3 25
$58.3M
$661.9M
Q2 25
$58.9M
$23.7M
Q1 25
$60.2M
$18.4M
Q4 24
$62.2M
$20.6M
Q3 24
$59.9M
Q2 24
$58.2M
Q1 24
$57.3M

Cash Flow & Capital Efficiency

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

Metric
SRTS
SRTS
TONX
TONX
Operating Cash FlowLast quarter
$-2.2M
$-8.0M
Free Cash FlowOCF − Capex
$-2.4M
$-8.0M
FCF MarginFCF / Revenue
-47.9%
-139.3%
Capex IntensityCapex / Revenue
3.2%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$332.0K
$-20.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SRTS
SRTS
TONX
TONX
Q4 25
$-2.2M
$-8.0M
Q3 25
$2.3M
$-9.4M
Q2 25
$3.1M
$-2.3M
Q1 25
$-2.7M
$-1.1M
Q4 24
$-827.0K
$-1.9M
Q3 24
$4.0M
Q2 24
$4.2M
Q1 24
$-8.2M
Free Cash Flow
SRTS
SRTS
TONX
TONX
Q4 25
$-2.4M
$-8.0M
Q3 25
$2.3M
$-9.4M
Q2 25
$3.1M
$-2.3M
Q1 25
$-2.7M
$-1.1M
Q4 24
$-1.1M
$-2.0M
Q3 24
$3.6M
Q2 24
$4.2M
Q1 24
$-8.4M
FCF Margin
SRTS
SRTS
TONX
TONX
Q4 25
-47.9%
-139.3%
Q3 25
33.3%
-261.4%
Q2 25
42.2%
-107.8%
Q1 25
-32.2%
-87.0%
Q4 24
-8.6%
-279.9%
Q3 24
40.9%
Q2 24
45.8%
Q1 24
-79.0%
Capex Intensity
SRTS
SRTS
TONX
TONX
Q4 25
3.2%
0.1%
Q3 25
0.1%
0.4%
Q2 25
0.4%
0.1%
Q1 25
0.1%
5.1%
Q4 24
2.3%
22.1%
Q3 24
3.8%
Q2 24
0.0%
Q1 24
2.2%
Cash Conversion
SRTS
SRTS
TONX
TONX
Q4 25
Q3 25
-0.11×
Q2 25
Q1 25
Q4 24
-0.53×
Q3 24
3.25×
Q2 24
2.62×
Q1 24
-3.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SRTS
SRTS

Products$2.8M57%
Other$2.1M43%

TONX
TONX

Market Live$4.8M83%
Other$960.0K17%

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