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Side-by-side financial comparison of Thryv Holdings, Inc. (THRY) and ZK International Group Co., Ltd. (ZKIN). Click either name above to swap in a different company.

Thryv Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $108.2M, roughly 1.5× ZK International Group Co., Ltd.). Thryv Holdings, Inc. runs the higher net margin — 2.7% vs -2.6%, a 5.3% gap on every dollar of revenue. Thryv Holdings, Inc. produced more free cash flow last quarter ($-5.5M vs $-7.5M).

Thryv Holdings, Inc. is a publicly traded software as a service (SaaS) company, providing customer relationship management and online reputation management software for small businesses. It has headquarters in Dallas, Texas, and operates in 48 states across the United States of America with more than 2,400 employees. The company began as a conglomerate of Yellow Pages companies. In June 2020, Thryv reported $1.3 billion in revenue over a twelve-month period.

ZK International Group Co., Ltd. is a China-based enterprise focused on the research, development, design, manufacturing and sale of high-quality stainless steel piping systems and fluid transport supporting products. Its offerings cater to construction, municipal infrastructure and residential engineering segments, with core markets spanning China and selected overseas regions.

THRY vs ZKIN — Head-to-Head

Bigger by revenue
THRY
THRY
1.5× larger
THRY
$167.7M
$108.2M
ZKIN
Higher net margin
THRY
THRY
5.3% more per $
THRY
2.7%
-2.6%
ZKIN
More free cash flow
THRY
THRY
$2.0M more FCF
THRY
$-5.5M
$-7.5M
ZKIN

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
THRY
THRY
ZKIN
ZKIN
Revenue
$167.7M
$108.2M
Net Profit
$4.5M
$-2.8M
Gross Margin
65.2%
6.1%
Operating Margin
37.3%
-1.6%
Net Margin
2.7%
-2.6%
Revenue YoY
-7.5%
Net Profit YoY
147.2%
EPS (diluted)
$0.10
$-0.57

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
THRY
THRY
ZKIN
ZKIN
Q1 26
$167.7M
Q4 25
$191.6M
Q3 25
$201.6M
Q2 25
$210.5M
Q1 25
$181.4M
Q4 24
$186.6M
Q3 24
$179.9M
$108.2M
Q2 24
$224.1M
Net Profit
THRY
THRY
ZKIN
ZKIN
Q1 26
$4.5M
Q4 25
$-9.7M
Q3 25
$5.7M
Q2 25
$13.9M
Q1 25
$-9.6M
Q4 24
$7.9M
Q3 24
$-96.1M
$-2.8M
Q2 24
$5.5M
Gross Margin
THRY
THRY
ZKIN
ZKIN
Q1 26
65.2%
Q4 25
68.0%
Q3 25
67.7%
Q2 25
69.7%
Q1 25
65.8%
Q4 24
65.9%
Q3 24
62.3%
6.1%
Q2 24
66.3%
Operating Margin
THRY
THRY
ZKIN
ZKIN
Q1 26
37.3%
Q4 25
5.3%
Q3 25
9.9%
Q2 25
14.0%
Q1 25
-1.7%
Q4 24
-3.9%
Q3 24
-49.2%
-1.6%
Q2 24
14.0%
Net Margin
THRY
THRY
ZKIN
ZKIN
Q1 26
2.7%
Q4 25
-5.0%
Q3 25
2.8%
Q2 25
6.6%
Q1 25
-5.3%
Q4 24
4.2%
Q3 24
-53.4%
-2.6%
Q2 24
2.5%
EPS (diluted)
THRY
THRY
ZKIN
ZKIN
Q1 26
$0.10
Q4 25
$-0.21
Q3 25
$0.13
Q2 25
$0.31
Q1 25
$-0.22
Q4 24
$0.28
Q3 24
$-2.65
$-0.57
Q2 24
$0.15

Balance Sheet & Financial Strength

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

Metric
THRY
THRY
ZKIN
ZKIN
Cash + ST InvestmentsLiquidity on hand
$8.0M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$225.4M
$28.2M
Total Assets
$693.7M
$80.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THRY
THRY
ZKIN
ZKIN
Q1 26
$8.0M
Q4 25
$10.8M
Q3 25
$11.6M
Q2 25
$10.8M
Q1 25
$11.0M
Q4 24
$16.3M
Q3 24
$12.5M
$4.1M
Q2 24
$15.5M
Total Debt
THRY
THRY
ZKIN
ZKIN
Q1 26
Q4 25
$253.5M
Q3 25
$268.2M
Q2 25
$275.6M
Q1 25
$299.0M
Q4 24
$284.3M
Q3 24
$307.8M
Q2 24
$342.1M
Stockholders' Equity
THRY
THRY
ZKIN
ZKIN
Q1 26
$225.4M
Q4 25
$218.1M
Q3 25
$221.1M
Q2 25
$214.9M
Q1 25
$193.2M
Q4 24
$196.9M
Q3 24
$94.5M
$28.2M
Q2 24
$183.1M
Total Assets
THRY
THRY
ZKIN
ZKIN
Q1 26
$693.7M
Q4 25
$688.6M
Q3 25
$701.8M
Q2 25
$687.7M
Q1 25
$703.7M
Q4 24
$712.2M
Q3 24
$654.8M
$80.0M
Q2 24
$785.5M
Debt / Equity
THRY
THRY
ZKIN
ZKIN
Q1 26
Q4 25
1.16×
Q3 25
1.21×
Q2 25
1.28×
Q1 25
1.55×
Q4 24
1.44×
Q3 24
3.26×
Q2 24
1.87×

Cash Flow & Capital Efficiency

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

Metric
THRY
THRY
ZKIN
ZKIN
Operating Cash FlowLast quarter
$-6.9M
Free Cash FlowOCF − Capex
$-5.5M
$-7.5M
FCF MarginFCF / Revenue
-3.3%
-6.9%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$43.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THRY
THRY
ZKIN
ZKIN
Q1 26
Q4 25
$22.2M
Q3 25
$22.2M
Q2 25
$29.6M
Q1 25
$-10.5M
Q4 24
$26.1M
Q3 24
$36.0M
$-6.9M
Q2 24
$22.2M
Free Cash Flow
THRY
THRY
ZKIN
ZKIN
Q1 26
$-5.5M
Q4 25
$12.3M
Q3 25
$14.6M
Q2 25
$21.8M
Q1 25
$-17.6M
Q4 24
$17.3M
Q3 24
$27.5M
$-7.5M
Q2 24
$13.3M
FCF Margin
THRY
THRY
ZKIN
ZKIN
Q1 26
-3.3%
Q4 25
6.4%
Q3 25
7.2%
Q2 25
10.4%
Q1 25
-9.7%
Q4 24
9.3%
Q3 24
15.3%
-6.9%
Q2 24
5.9%
Capex Intensity
THRY
THRY
ZKIN
ZKIN
Q1 26
Q4 25
5.2%
Q3 25
3.8%
Q2 25
3.7%
Q1 25
3.9%
Q4 24
4.7%
Q3 24
4.7%
0.6%
Q2 24
4.0%
Cash Conversion
THRY
THRY
ZKIN
ZKIN
Q1 26
Q4 25
Q3 25
3.93×
Q2 25
2.12×
Q1 25
Q4 24
3.32×
Q3 24
Q2 24
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THRY
THRY

SaaS$116.7M70%
Other$50.9M30%

ZKIN
ZKIN

Segment breakdown not available.

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