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Side-by-side financial comparison of SWK Holdings Corp (SWKH) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $7.1M, roughly 1.2× TECHPRECISION CORP). On growth, TECHPRECISION CORP posted the faster year-over-year revenue change (-6.9% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-827.0K). Over the past eight quarters, TECHPRECISION CORP's revenue compounded faster (-9.2% CAGR vs -12.5%).
SWK Holdings Corp is a specialty finance firm focused on the healthcare and life sciences sectors. It provides tailored financing solutions including royalty monetization, structured debt, and asset-backed lending to biotech, pharmaceutical, medical device and diagnostic companies, with its core market centered in North America.
TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.
SWKH vs TPCS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.7M | $7.1M |
| Net Profit | $-19.4M | $-1.5M |
| Gross Margin | — | 5.4% |
| Operating Margin | 9.9% | -19.1% |
| Net Margin | — | -20.8% |
| Revenue YoY | -29.7% | -6.9% |
| Net Profit YoY | -430.2% | -84.4% |
| EPS (diluted) | $-1.59 | $-0.15 |
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 | $8.7M | $7.1M | ||
| Q3 25 | $10.9M | $9.1M | ||
| Q2 25 | $10.1M | $7.4M | ||
| Q1 25 | $11.8M | $9.5M | ||
| Q4 24 | $12.4M | $7.6M | ||
| Q3 24 | $10.4M | $8.9M | ||
| Q2 24 | $10.8M | $8.0M | ||
| Q1 24 | $11.4M | $8.6M |
| Q4 25 | $-19.4M | $-1.5M | ||
| Q3 25 | $8.8M | $825.0K | ||
| Q2 25 | $3.5M | $-597.0K | ||
| Q1 25 | $4.5M | $112.0K | ||
| Q4 24 | $5.9M | $-799.0K | ||
| Q3 24 | $3.5M | $-601.0K | ||
| Q2 24 | $3.7M | $-1.5M | ||
| Q1 24 | $468.0K | $-5.1M |
| Q4 25 | — | 5.4% | ||
| Q3 25 | — | 27.1% | ||
| Q2 25 | — | 14.0% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 13.0% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | — | 14.3% |
| Q4 25 | 9.9% | -19.1% | ||
| Q3 25 | 61.3% | 10.4% | ||
| Q2 25 | 46.1% | -6.3% | ||
| Q1 25 | 68.6% | 3.9% | ||
| Q4 24 | 44.7% | -9.1% | ||
| Q3 24 | 39.2% | -5.5% | ||
| Q2 24 | 8.3% | -16.8% | ||
| Q1 24 | 9.5% | -28.6% |
| Q4 25 | — | -20.8% | ||
| Q3 25 | 80.7% | 9.1% | ||
| Q2 25 | 35.2% | -8.1% | ||
| Q1 25 | 38.4% | 1.2% | ||
| Q4 24 | 47.5% | -10.5% | ||
| Q3 24 | 33.3% | -6.7% | ||
| Q2 24 | 33.9% | -18.3% | ||
| Q1 24 | 4.1% | -59.5% |
| Q4 25 | $-1.59 | $-0.15 | ||
| Q3 25 | $0.72 | $0.08 | ||
| Q2 25 | $0.29 | $-0.06 | ||
| Q1 25 | $0.37 | $0.01 | ||
| Q4 24 | $0.47 | $-0.08 | ||
| Q3 24 | $0.28 | $-0.06 | ||
| Q2 24 | $0.30 | $-0.16 | ||
| Q1 24 | $0.04 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $42.8M | $50.0K |
| Total DebtLower is stronger | $33.0M | — |
| Stockholders' EquityBook value | $235.1M | $8.0M |
| Total Assets | $272.4M | $32.8M |
| Debt / EquityLower = less leverage | 0.14× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.8M | $50.0K | ||
| Q3 25 | $10.2M | $220.0K | ||
| Q2 25 | $8.0M | $143.0K | ||
| Q1 25 | $29.8M | $195.0K | ||
| Q4 24 | $5.9M | $165.0K | ||
| Q3 24 | $17.2M | $132.0K | ||
| Q2 24 | $5.5M | $44.8K | ||
| Q1 24 | $5.5M | $138.0K |
| Q4 25 | $33.0M | — | ||
| Q3 25 | $33.0M | — | ||
| Q2 25 | $33.0M | — | ||
| Q1 25 | $33.0M | $3.0K | ||
| Q4 24 | $33.0M | $19.0K | ||
| Q3 24 | $33.0M | — | ||
| Q2 24 | $33.0M | — | ||
| Q1 24 | $33.0M | — |
| Q4 25 | $235.1M | $8.0M | ||
| Q3 25 | $254.2M | $9.1M | ||
| Q2 25 | $246.5M | $8.2M | ||
| Q1 25 | $292.7M | $8.7M | ||
| Q4 24 | $288.7M | $8.1M | ||
| Q3 24 | $283.4M | $8.9M | ||
| Q2 24 | $282.8M | $7.9M | ||
| Q1 24 | $279.9M | $7.8M |
| Q4 25 | $272.4M | $32.8M | ||
| Q3 25 | $289.4M | $33.8M | ||
| Q2 25 | $285.7M | $32.1M | ||
| Q1 25 | $331.3M | $33.5M | ||
| Q4 24 | $332.2M | $32.2M | ||
| Q3 24 | $321.3M | $35.0M | ||
| Q2 24 | $321.0M | $35.7M | ||
| Q1 24 | $322.0M | $34.7M |
| Q4 25 | 0.14× | — | ||
| Q3 25 | 0.13× | — | ||
| Q2 25 | 0.13× | — | ||
| Q1 25 | 0.11× | 0.00× | ||
| Q4 24 | 0.11× | 0.00× | ||
| Q3 24 | 0.12× | — | ||
| Q2 24 | 0.12× | — | ||
| Q1 24 | 0.12× | — |
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 | $27.3M | $183.0K |
| Free Cash FlowOCF − Capex | $26.8M | $-827.0K |
| FCF MarginFCF / Revenue | 308.1% | -11.7% |
| Capex IntensityCapex / Revenue | 5.9% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.2M | $-4.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $183.0K | ||
| Q3 25 | $906.0K | $-1.1M | ||
| Q2 25 | $7.8M | $646.0K | ||
| Q1 25 | $8.3M | $396.0K | ||
| Q4 24 | $23.0M | $-570.0K | ||
| Q3 24 | $6.3M | $-532.0K | ||
| Q2 24 | $5.4M | $107.0K | ||
| Q1 24 | $4.4M | $-452.0K |
| Q4 25 | $26.8M | $-827.0K | ||
| Q3 25 | $557.0K | $-2.1M | ||
| Q2 25 | $7.7M | $-604.0K | ||
| Q1 25 | $8.2M | $-930.0K | ||
| Q4 24 | $22.9M | $-1.7M | ||
| Q3 24 | $6.3M | $-2.0M | ||
| Q2 24 | $5.4M | $-94.0K | ||
| Q1 24 | — | $-900.0K |
| Q4 25 | 308.1% | -11.7% | ||
| Q3 25 | 5.1% | -22.9% | ||
| Q2 25 | 77.0% | -8.2% | ||
| Q1 25 | 69.1% | -9.8% | ||
| Q4 24 | 185.3% | -22.9% | ||
| Q3 24 | 60.4% | -21.8% | ||
| Q2 24 | 49.7% | -1.2% | ||
| Q1 24 | — | -10.5% |
| Q4 25 | 5.9% | 14.2% | ||
| Q3 25 | 3.2% | 11.0% | ||
| Q2 25 | 0.6% | 16.9% | ||
| Q1 25 | 0.8% | 14.0% | ||
| Q4 24 | 1.1% | 15.4% | ||
| Q3 24 | 0.3% | 15.9% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 0.0% | 5.2% |
| Q4 25 | — | — | ||
| Q3 25 | 0.10× | -1.31× | ||
| Q2 25 | 2.21× | — | ||
| Q1 25 | 1.82× | 3.54× | ||
| Q4 24 | 3.93× | — | ||
| Q3 24 | 1.82× | — | ||
| Q2 24 | 1.47× | — | ||
| Q1 24 | 9.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SWKH
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
TPCS
| Defense | $6.7M | 94% |
| Other | $410.0K | 6% |
