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Side-by-side financial comparison of SYPRIS SOLUTIONS INC (SYPR) and TRX GOLD Corp (TRX). Click either name above to swap in a different company.

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $25.1M, roughly 1.2× TRX GOLD Corp). TRX GOLD Corp runs the higher net margin — -2.0% vs -12.9%, a 10.9% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs -9.5%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs -7.7%).

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

TRX Gold Corp is a mineral exploration and development firm primarily engaged in the identification, evaluation, and development of gold resource assets. It conducts most of its operations in East Africa, with core project holdings in Tanzania, targeting high-grade deposits to deliver sustainable production and stakeholder value.

SYPR vs TRX — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.2× larger
SYPR
$30.3M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+110.0% gap
TRX
100.5%
-9.5%
SYPR
Higher net margin
TRX
TRX
10.9% more per $
TRX
-2.0%
-12.9%
SYPR
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
SYPR
SYPR
TRX
TRX
Revenue
$30.3M
$25.1M
Net Profit
$-3.9M
$-496.0K
Gross Margin
4.6%
56.6%
Operating Margin
-10.9%
Net Margin
-12.9%
-2.0%
Revenue YoY
-9.5%
100.5%
Net Profit YoY
-2992.6%
-123.2%
EPS (diluted)
$-0.17
$-0.01

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
SYPR
SYPR
TRX
TRX
Q4 25
$30.3M
$25.1M
Q3 25
$28.7M
Q2 25
$31.4M
$12.5M
Q1 25
$29.5M
$9.1M
Q4 24
$33.4M
$12.5M
Q3 24
$35.7M
Q2 24
$35.5M
$10.1M
Q1 24
$35.6M
$8.0M
Net Profit
SYPR
SYPR
TRX
TRX
Q4 25
$-3.9M
$-496.0K
Q3 25
$517.0K
Q2 25
$-2.1M
$1.1M
Q1 25
$-899.0K
$-1.9M
Q4 24
$135.0K
$2.1M
Q3 24
$390.0K
Q2 24
$16.0K
$-1.7M
Q1 24
$-2.2M
$1.9M
Gross Margin
SYPR
SYPR
TRX
TRX
Q4 25
4.6%
56.6%
Q3 25
7.2%
Q2 25
8.2%
35.1%
Q1 25
11.4%
23.5%
Q4 24
16.1%
38.6%
Q3 24
16.8%
Q2 24
15.9%
42.9%
Q1 24
8.1%
41.0%
Operating Margin
SYPR
SYPR
TRX
TRX
Q4 25
-10.9%
Q3 25
-6.1%
Q2 25
-4.6%
Q1 25
-0.4%
Q4 24
3.9%
Q3 24
4.8%
Q2 24
3.6%
Q1 24
-3.9%
Net Margin
SYPR
SYPR
TRX
TRX
Q4 25
-12.9%
-2.0%
Q3 25
1.8%
Q2 25
-6.5%
8.9%
Q1 25
-3.0%
-21.3%
Q4 24
0.4%
17.1%
Q3 24
1.1%
Q2 24
0.0%
-16.3%
Q1 24
-6.2%
24.1%
EPS (diluted)
SYPR
SYPR
TRX
TRX
Q4 25
$-0.17
$-0.01
Q3 25
$0.02
Q2 25
$-0.09
$0.00
Q1 25
$-0.04
$-0.01
Q4 24
$0.00
$0.00
Q3 24
$0.02
Q2 24
$0.00
$-0.01
Q1 24
$-0.10
$0.00

Balance Sheet & Financial Strength

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

Metric
SYPR
SYPR
TRX
TRX
Cash + ST InvestmentsLiquidity on hand
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$17.8M
$74.5M
Total Assets
$107.8M
$129.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SYPR
SYPR
TRX
TRX
Q4 25
$9.2M
Q3 25
Q2 25
$3.6M
Q1 25
$6.0M
Q4 24
$6.8M
Q3 24
Q2 24
$7.7M
Q1 24
$8.0M
Stockholders' Equity
SYPR
SYPR
TRX
TRX
Q4 25
$17.8M
$74.5M
Q3 25
$20.0M
Q2 25
$18.7M
$69.0M
Q1 25
$19.0M
$67.5M
Q4 24
$19.6M
$68.4M
Q3 24
$18.2M
Q2 24
$19.0M
$62.5M
Q1 24
$20.8M
$63.9M
Total Assets
SYPR
SYPR
TRX
TRX
Q4 25
$107.8M
$129.6M
Q3 25
$112.5M
Q2 25
$105.8M
$112.3M
Q1 25
$110.2M
$106.7M
Q4 24
$119.4M
$102.6M
Q3 24
$121.6M
Q2 24
$124.2M
$92.6M
Q1 24
$129.0M
$88.2M

Cash Flow & Capital Efficiency

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

Metric
SYPR
SYPR
TRX
TRX
Operating Cash FlowLast quarter
$-1.1M
$4.0M
Free Cash FlowOCF − Capex
$-1.5M
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SYPR
SYPR
TRX
TRX
Q4 25
$-1.1M
$4.0M
Q3 25
$-178.0K
Q2 25
$1.1M
$3.4M
Q1 25
$-5.5M
$2.0M
Q4 24
$2.3M
$2.4M
Q3 24
$-4.8M
Q2 24
$6.2M
$3.1M
Q1 24
$-1.7M
$1.0M
Free Cash Flow
SYPR
SYPR
TRX
TRX
Q4 25
$-1.5M
Q3 25
$-390.0K
Q2 25
$941.0K
Q1 25
$-5.5M
Q4 24
$1.9M
Q3 24
$-4.9M
Q2 24
$6.0M
Q1 24
$-2.0M
FCF Margin
SYPR
SYPR
TRX
TRX
Q4 25
-5.0%
Q3 25
-1.4%
Q2 25
3.0%
Q1 25
-18.8%
Q4 24
5.7%
Q3 24
-13.8%
Q2 24
16.8%
Q1 24
-5.7%
Capex Intensity
SYPR
SYPR
TRX
TRX
Q4 25
1.3%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
0.0%
Q4 24
1.2%
Q3 24
0.4%
Q2 24
0.5%
Q1 24
0.9%
Cash Conversion
SYPR
SYPR
TRX
TRX
Q4 25
Q3 25
-0.34×
Q2 25
3.10×
Q1 25
Q4 24
17.13×
1.11×
Q3 24
-12.21×
Q2 24
385.25×
Q1 24
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

TRX
TRX

Segment breakdown not available.

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