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Side-by-side financial comparison of SWK Holdings Corp (SWKH) and Vantage Corp (Singapore) (VNTG). Click either name above to swap in a different company.

Vantage Corp (Singapore) is the larger business by last-quarter revenue ($10.4M vs $8.7M, roughly 1.2× SWK Holdings Corp).

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.

Vantage Towers is a European infrastructure company headquartered in Düsseldorf, Germany. The company is involved in the construction, management, and leasing of towers, antenna masts, and other facilities to mobile network operators.

SWKH vs VNTG — Head-to-Head

Bigger by revenue
VNTG
VNTG
1.2× larger
VNTG
$10.4M
$8.7M
SWKH

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SWKH
SWKH
VNTG
VNTG
Revenue
$8.7M
$10.4M
Net Profit
$-19.4M
$4.7M
Gross Margin
68.6%
Operating Margin
9.9%
54.1%
Net Margin
45.0%
Revenue YoY
-29.7%
Net Profit YoY
-430.2%
EPS (diluted)
$-1.59

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
SWKH
SWKH
VNTG
VNTG
Q4 25
$8.7M
Q3 25
$10.9M
$10.4M
Q2 25
$10.1M
Q1 25
$11.8M
Q4 24
$12.4M
Q3 24
$10.4M
Q2 24
$10.8M
Q1 24
$11.4M
Net Profit
SWKH
SWKH
VNTG
VNTG
Q4 25
$-19.4M
Q3 25
$8.8M
$4.7M
Q2 25
$3.5M
Q1 25
$4.5M
Q4 24
$5.9M
Q3 24
$3.5M
Q2 24
$3.7M
Q1 24
$468.0K
Gross Margin
SWKH
SWKH
VNTG
VNTG
Q4 25
Q3 25
68.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
SWKH
SWKH
VNTG
VNTG
Q4 25
9.9%
Q3 25
61.3%
54.1%
Q2 25
46.1%
Q1 25
68.6%
Q4 24
44.7%
Q3 24
39.2%
Q2 24
8.3%
Q1 24
9.5%
Net Margin
SWKH
SWKH
VNTG
VNTG
Q4 25
Q3 25
80.7%
45.0%
Q2 25
35.2%
Q1 25
38.4%
Q4 24
47.5%
Q3 24
33.3%
Q2 24
33.9%
Q1 24
4.1%
EPS (diluted)
SWKH
SWKH
VNTG
VNTG
Q4 25
$-1.59
Q3 25
$0.72
Q2 25
$0.29
Q1 25
$0.37
Q4 24
$0.47
Q3 24
$0.28
Q2 24
$0.30
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
SWKH
SWKH
VNTG
VNTG
Cash + ST InvestmentsLiquidity on hand
$42.8M
$5.9M
Total DebtLower is stronger
$33.0M
Stockholders' EquityBook value
$235.1M
$-360.2K
Total Assets
$272.4M
$11.2M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SWKH
SWKH
VNTG
VNTG
Q4 25
$42.8M
Q3 25
$10.2M
$5.9M
Q2 25
$8.0M
Q1 25
$29.8M
Q4 24
$5.9M
Q3 24
$17.2M
Q2 24
$5.5M
Q1 24
$5.5M
Total Debt
SWKH
SWKH
VNTG
VNTG
Q4 25
$33.0M
Q3 25
$33.0M
Q2 25
$33.0M
Q1 25
$33.0M
Q4 24
$33.0M
Q3 24
$33.0M
Q2 24
$33.0M
Q1 24
$33.0M
Stockholders' Equity
SWKH
SWKH
VNTG
VNTG
Q4 25
$235.1M
Q3 25
$254.2M
$-360.2K
Q2 25
$246.5M
Q1 25
$292.7M
Q4 24
$288.7M
Q3 24
$283.4M
Q2 24
$282.8M
Q1 24
$279.9M
Total Assets
SWKH
SWKH
VNTG
VNTG
Q4 25
$272.4M
Q3 25
$289.4M
$11.2M
Q2 25
$285.7M
Q1 25
$331.3M
Q4 24
$332.2M
Q3 24
$321.3M
Q2 24
$321.0M
Q1 24
$322.0M
Debt / Equity
SWKH
SWKH
VNTG
VNTG
Q4 25
0.14×
Q3 25
0.13×
Q2 25
0.13×
Q1 25
0.11×
Q4 24
0.11×
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
SWKH
SWKH
VNTG
VNTG
Operating Cash FlowLast quarter
$27.3M
Free Cash FlowOCF − Capex
$26.8M
FCF MarginFCF / Revenue
308.1%
Capex IntensityCapex / Revenue
5.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SWKH
SWKH
VNTG
VNTG
Q4 25
$27.3M
Q3 25
$906.0K
Q2 25
$7.8M
Q1 25
$8.3M
Q4 24
$23.0M
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
$4.4M
Free Cash Flow
SWKH
SWKH
VNTG
VNTG
Q4 25
$26.8M
Q3 25
$557.0K
Q2 25
$7.7M
Q1 25
$8.2M
Q4 24
$22.9M
Q3 24
$6.3M
Q2 24
$5.4M
Q1 24
FCF Margin
SWKH
SWKH
VNTG
VNTG
Q4 25
308.1%
Q3 25
5.1%
Q2 25
77.0%
Q1 25
69.1%
Q4 24
185.3%
Q3 24
60.4%
Q2 24
49.7%
Q1 24
Capex Intensity
SWKH
SWKH
VNTG
VNTG
Q4 25
5.9%
Q3 25
3.2%
Q2 25
0.6%
Q1 25
0.8%
Q4 24
1.1%
Q3 24
0.3%
Q2 24
0.2%
Q1 24
0.0%
Cash Conversion
SWKH
SWKH
VNTG
VNTG
Q4 25
Q3 25
0.10×
Q2 25
2.21×
Q1 25
1.82×
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
SWKH

Finance Receivables Segment$8.4M96%
Other$329.0K4%

VNTG
VNTG

Segment breakdown not available.

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