vs
Side-by-side financial comparison of SWK Holdings Corp (SWKH) and Worksport Ltd (WKSP). Click either name above to swap in a different company.
SWK Holdings Corp is the larger business by last-quarter revenue ($8.7M vs $4.7M, roughly 1.8× Worksport Ltd). On growth, Worksport Ltd posted the faster year-over-year revenue change (62.0% vs -29.7%). SWK Holdings Corp produced more free cash flow last quarter ($26.8M vs $-6.3M). Over the past eight quarters, Worksport Ltd's revenue compounded faster (204.2% 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.
Worksport LtdWKSPEarnings & Financial Report
Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.
SWKH vs WKSP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.7M | $4.7M |
| Net Profit | $-19.4M | — |
| Gross Margin | — | 30.1% |
| Operating Margin | 9.9% | -129.6% |
| Net Margin | — | — |
| Revenue YoY | -29.7% | 62.0% |
| Net Profit YoY | -430.2% | — |
| EPS (diluted) | $-1.59 | $-0.65 |
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 | $4.7M | ||
| Q3 25 | $10.9M | $5.0M | ||
| Q2 25 | $10.1M | $4.1M | ||
| Q1 25 | $11.8M | $2.2M | ||
| Q4 24 | $12.4M | $2.9M | ||
| Q3 24 | $10.4M | $3.1M | ||
| Q2 24 | $10.8M | $1.9M | ||
| Q1 24 | $11.4M | $512.6K |
| Q4 25 | $-19.4M | — | ||
| Q3 25 | $8.8M | $-4.9M | ||
| Q2 25 | $3.5M | $-3.7M | ||
| Q1 25 | $4.5M | $-4.5M | ||
| Q4 24 | $5.9M | — | ||
| Q3 24 | $3.5M | $-4.1M | ||
| Q2 24 | $3.7M | $-4.0M | ||
| Q1 24 | $468.0K | $-3.7M |
| Q4 25 | — | 30.1% | ||
| Q3 25 | — | 31.3% | ||
| Q2 25 | — | 26.4% | ||
| Q1 25 | — | 17.7% | ||
| Q4 24 | — | 11.1% | ||
| Q3 24 | — | 7.9% | ||
| Q2 24 | — | 15.4% | ||
| Q1 24 | — | 7.3% |
| Q4 25 | 9.9% | -129.6% | ||
| Q3 25 | 61.3% | -95.6% | ||
| Q2 25 | 46.1% | -88.1% | ||
| Q1 25 | 68.6% | -190.0% | ||
| Q4 24 | 44.7% | -137.0% | ||
| Q3 24 | 39.2% | -125.1% | ||
| Q2 24 | 8.3% | -203.5% | ||
| Q1 24 | 9.5% | -709.9% |
| Q4 25 | — | — | ||
| Q3 25 | 80.7% | -98.3% | ||
| Q2 25 | 35.2% | -91.0% | ||
| Q1 25 | 38.4% | -199.1% | ||
| Q4 24 | 47.5% | — | ||
| Q3 24 | 33.3% | -132.4% | ||
| Q2 24 | 33.9% | -208.9% | ||
| Q1 24 | 4.1% | -724.6% |
| Q4 25 | $-1.59 | $-0.65 | ||
| Q3 25 | $0.72 | $-0.75 | ||
| Q2 25 | $0.29 | $-0.71 | ||
| Q1 25 | $0.37 | $-1.05 | ||
| Q4 24 | $0.47 | $-1.14 | ||
| Q3 24 | $0.28 | $-1.40 | ||
| Q2 24 | $0.30 | $-1.55 | ||
| Q1 24 | $0.04 | $-1.75 |
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 | $5.9M |
| Total DebtLower is stronger | $33.0M | $2.7M |
| Stockholders' EquityBook value | $235.1M | $22.9M |
| Total Assets | $272.4M | $30.7M |
| Debt / EquityLower = less leverage | 0.14× | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $42.8M | $5.9M | ||
| Q3 25 | $10.2M | $3.8M | ||
| Q2 25 | $8.0M | $1.4M | ||
| Q1 25 | $29.8M | $5.1M | ||
| Q4 24 | $5.9M | $4.9M | ||
| Q3 24 | $17.2M | $1.9M | ||
| Q2 24 | $5.5M | $3.4M | ||
| Q1 24 | $5.5M | $3.5M |
| Q4 25 | $33.0M | $2.7M | ||
| Q3 25 | $33.0M | $2.9M | ||
| Q2 25 | $33.0M | $2.5M | ||
| Q1 25 | $33.0M | $3.1M | ||
| Q4 24 | $33.0M | $5.3M | ||
| Q3 24 | $33.0M | — | ||
| Q2 24 | $33.0M | — | ||
| Q1 24 | $33.0M | — |
| Q4 25 | $235.1M | $22.9M | ||
| Q3 25 | $254.2M | $19.8M | ||
| Q2 25 | $246.5M | $17.3M | ||
| Q1 25 | $292.7M | $20.1M | ||
| Q4 24 | $288.7M | $17.4M | ||
| Q3 24 | $283.4M | $16.4M | ||
| Q2 24 | $282.8M | $19.1M | ||
| Q1 24 | $279.9M | $18.9M |
| Q4 25 | $272.4M | $30.7M | ||
| Q3 25 | $289.4M | $27.0M | ||
| Q2 25 | $285.7M | $23.6M | ||
| Q1 25 | $331.3M | $26.7M | ||
| Q4 24 | $332.2M | $25.7M | ||
| Q3 24 | $321.3M | $24.9M | ||
| Q2 24 | $321.0M | $27.2M | ||
| Q1 24 | $322.0M | $27.3M |
| Q4 25 | 0.14× | 0.12× | ||
| Q3 25 | 0.13× | 0.15× | ||
| Q2 25 | 0.13× | 0.14× | ||
| Q1 25 | 0.11× | 0.16× | ||
| Q4 24 | 0.11× | 0.30× | ||
| 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 | $-6.1M |
| Free Cash FlowOCF − Capex | $26.8M | $-6.3M |
| FCF MarginFCF / Revenue | 308.1% | -132.4% |
| Capex IntensityCapex / Revenue | 5.9% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.2M | $-18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.3M | $-6.1M | ||
| Q3 25 | $906.0K | $-4.3M | ||
| Q2 25 | $7.8M | $-3.1M | ||
| Q1 25 | $8.3M | $-3.8M | ||
| Q4 24 | $23.0M | $-2.2M | ||
| Q3 24 | $6.3M | $-1.5M | ||
| Q2 24 | $5.4M | $-3.6M | ||
| Q1 24 | $4.4M | $-2.8M |
| Q4 25 | $26.8M | $-6.3M | ||
| Q3 25 | $557.0K | $-4.6M | ||
| Q2 25 | $7.7M | $-3.2M | ||
| Q1 25 | $8.2M | $-4.0M | ||
| Q4 24 | $22.9M | $-2.2M | ||
| Q3 24 | $6.3M | $-1.7M | ||
| Q2 24 | $5.4M | $-3.7M | ||
| Q1 24 | — | $-3.0M |
| Q4 25 | 308.1% | -132.4% | ||
| Q3 25 | 5.1% | -92.1% | ||
| Q2 25 | 77.0% | -77.1% | ||
| Q1 25 | 69.1% | -180.4% | ||
| Q4 24 | 185.3% | -75.4% | ||
| Q3 24 | 60.4% | -54.5% | ||
| Q2 24 | 49.7% | -195.1% | ||
| Q1 24 | — | -586.7% |
| Q4 25 | 5.9% | 3.3% | ||
| Q3 25 | 3.2% | 7.3% | ||
| Q2 25 | 0.6% | 1.7% | ||
| Q1 25 | 0.8% | 9.0% | ||
| Q4 24 | 1.1% | 0.9% | ||
| Q3 24 | 0.3% | 5.3% | ||
| Q2 24 | 0.2% | 6.4% | ||
| Q1 24 | 0.0% | 41.5% |
| 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
| Finance Receivables Segment | $8.4M | 96% |
| Other | $329.0K | 4% |
WKSP
Segment breakdown not available.
