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Side-by-side financial comparison of Kartoon Studios, Inc. (TOON) and TRIO-TECH INTERNATIONAL (TRT). Click either name above to swap in a different company.

TRIO-TECH INTERNATIONAL is the larger business by last-quarter revenue ($15.6M vs $9.7M, roughly 1.6× Kartoon Studios, Inc.). TRIO-TECH INTERNATIONAL runs the higher net margin — 0.8% vs -54.4%, a 55.2% gap on every dollar of revenue. On growth, TRIO-TECH INTERNATIONAL posted the faster year-over-year revenue change (81.6% vs 2.9%). Kartoon Studios, Inc. produced more free cash flow last quarter ($346.0K vs $-152.0K). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs 22.7%).

Kartoon Studios, Inc. is an entertainment company headed by Andy Heyward. The company was formed in 2010 as Genius Brands International (GBI) from the merger of Genius Brands International and A Squared Entertainment.

Trio-Tech International is a global provider of semiconductor testing and burn-in solutions, alongside specialized manufacturing services for electronic components. It serves clients across the semiconductor, aerospace, and consumer electronics sectors, with operational footprints spanning North America, Asia, and Europe, delivering custom reliability testing systems and related support services.

TOON vs TRT — Head-to-Head

Bigger by revenue
TRT
TRT
1.6× larger
TRT
$15.6M
$9.7M
TOON
Growing faster (revenue YoY)
TRT
TRT
+78.7% gap
TRT
81.6%
2.9%
TOON
Higher net margin
TRT
TRT
55.2% more per $
TRT
0.8%
-54.4%
TOON
More free cash flow
TOON
TOON
$498.0K more FCF
TOON
$346.0K
$-152.0K
TRT
Faster 2-yr revenue CAGR
TOON
TOON
Annualised
TOON
26.3%
22.7%
TRT

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
TOON
TOON
TRT
TRT
Revenue
$9.7M
$15.6M
Net Profit
$-5.3M
$126.0K
Gross Margin
16.0%
Operating Margin
-38.4%
0.6%
Net Margin
-54.4%
0.8%
Revenue YoY
2.9%
81.6%
Net Profit YoY
8.5%
-75.1%
EPS (diluted)
$-0.08
$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
TOON
TOON
TRT
TRT
Q4 25
$9.7M
$15.6M
Q3 25
$9.9M
$15.5M
Q2 25
$10.3M
$10.7M
Q1 25
$9.5M
$7.4M
Q4 24
$9.4M
$8.6M
Q3 24
$8.7M
$9.8M
Q2 24
$8.4M
$9.7M
Q1 24
$6.1M
$10.4M
Net Profit
TOON
TOON
TRT
TRT
Q4 25
$-5.3M
$126.0K
Q3 25
$-6.6M
$77.0K
Q2 25
$-6.2M
$183.0K
Q1 25
$-6.5M
$-495.0K
Q4 24
$-5.8M
$507.0K
Q3 24
$-2.1M
$-236.0K
Q2 24
$-5.9M
$243.0K
Q1 24
$-7.0M
$70.0K
Gross Margin
TOON
TOON
TRT
TRT
Q4 25
16.0%
Q3 25
16.7%
Q2 25
24.6%
Q1 25
26.8%
Q4 24
25.7%
Q3 24
23.7%
Q2 24
27.5%
Q1 24
26.0%
Operating Margin
TOON
TOON
TRT
TRT
Q4 25
-38.4%
0.6%
Q3 25
-29.3%
0.3%
Q2 25
-31.3%
4.4%
Q1 25
-32.4%
-4.6%
Q4 24
-37.1%
-0.0%
Q3 24
-29.2%
1.4%
Q2 24
-55.6%
3.7%
Q1 24
-103.6%
0.6%
Net Margin
TOON
TOON
TRT
TRT
Q4 25
-54.4%
0.8%
Q3 25
-66.5%
0.5%
Q2 25
-60.0%
1.7%
Q1 25
-68.7%
-6.7%
Q4 24
-61.2%
5.9%
Q3 24
-23.6%
-2.4%
Q2 24
-70.1%
2.5%
Q1 24
-115.9%
0.7%
EPS (diluted)
TOON
TOON
TRT
TRT
Q4 25
$-0.08
$0.01
Q3 25
$-0.14
$0.02
Q2 25
$-0.13
$0.11
Q1 25
$-0.14
$-0.12
Q4 24
$-0.14
$0.06
Q3 24
$-0.05
$-0.06
Q2 24
$-0.15
$0.05
Q1 24
$-0.20
$0.02

Balance Sheet & Financial Strength

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

Metric
TOON
TOON
TRT
TRT
Cash + ST InvestmentsLiquidity on hand
$16.5M
Total DebtLower is stronger
$581.0K
Stockholders' EquityBook value
$26.2M
$33.5M
Total Assets
$70.9M
$45.7M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOON
TOON
TRT
TRT
Q4 25
$16.5M
Q3 25
$17.4M
Q2 25
$16.7M
Q1 25
$17.6M
Q4 24
$100.0K
$16.5M
Q3 24
$15.5M
Q2 24
$16.5M
Q1 24
$17.0M
Total Debt
TOON
TOON
TRT
TRT
Q4 25
$581.0K
Q3 25
$622.0K
Q2 25
$684.0K
Q1 25
$729.0K
Q4 24
$782.0K
Q3 24
$923.0K
Q2 24
$874.0K
Q1 24
$984.0K
Stockholders' Equity
TOON
TOON
TRT
TRT
Q4 25
$26.2M
$33.5M
Q3 25
$22.6M
$34.1M
Q2 25
$28.4M
$34.0M
Q1 25
$28.6M
$32.3M
Q4 24
$35.0M
$31.8M
Q3 24
$41.2M
$33.1M
Q2 24
$42.7M
$31.3M
Q1 24
$44.8M
$31.2M
Total Assets
TOON
TOON
TRT
TRT
Q4 25
$70.9M
$45.7M
Q3 25
$66.7M
$47.4M
Q2 25
$70.0M
$41.1M
Q1 25
$71.7M
$40.0M
Q4 24
$85.5M
$39.8M
Q3 24
$87.3M
$42.9M
Q2 24
$89.0M
$42.5M
Q1 24
$93.3M
$43.1M
Debt / Equity
TOON
TOON
TRT
TRT
Q4 25
0.02×
Q3 25
0.02×
Q2 25
0.02×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.03×
Q2 24
0.03×
Q1 24
0.03×

Cash Flow & Capital Efficiency

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

Metric
TOON
TOON
TRT
TRT
Operating Cash FlowLast quarter
$381.0K
$134.0K
Free Cash FlowOCF − Capex
$346.0K
$-152.0K
FCF MarginFCF / Revenue
3.6%
-1.0%
Capex IntensityCapex / Revenue
0.4%
1.8%
Cash ConversionOCF / Net Profit
1.06×
TTM Free Cash FlowTrailing 4 quarters
$-11.6M
$137.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TOON
TOON
TRT
TRT
Q4 25
$381.0K
$134.0K
Q3 25
$-5.5M
$933.0K
Q2 25
$-4.5M
$-664.0K
Q1 25
$-1.8M
$781.0K
Q4 24
$-2.4M
$2.1M
Q3 24
$1.5M
$-1.9M
Q2 24
$-6.5M
$199.0K
Q1 24
$3.8M
$1.2M
Free Cash Flow
TOON
TOON
TRT
TRT
Q4 25
$346.0K
$-152.0K
Q3 25
$-5.5M
$887.0K
Q2 25
$-4.5M
$-1.2M
Q1 25
$-1.8M
$623.0K
Q4 24
$-2.4M
$1.9M
Q3 24
$1.5M
$-1.9M
Q2 24
$-135.0K
Q1 24
$3.8M
$1.1M
FCF Margin
TOON
TOON
TRT
TRT
Q4 25
3.6%
-1.0%
Q3 25
-56.0%
5.7%
Q2 25
-44.1%
-11.4%
Q1 25
-19.4%
8.4%
Q4 24
-25.6%
22.4%
Q3 24
17.1%
-19.7%
Q2 24
-1.4%
Q1 24
62.7%
10.6%
Capex Intensity
TOON
TOON
TRT
TRT
Q4 25
0.4%
1.8%
Q3 25
0.4%
0.3%
Q2 25
0.6%
5.2%
Q1 25
0.2%
2.1%
Q4 24
0.5%
2.1%
Q3 24
0.4%
0.7%
Q2 24
0.0%
3.4%
Q1 24
0.6%
0.5%
Cash Conversion
TOON
TOON
TRT
TRT
Q4 25
1.06×
Q3 25
12.12×
Q2 25
-3.63×
Q1 25
Q4 24
4.16×
Q3 24
Q2 24
0.82×
Q1 24
16.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TOON
TOON

Other$4.6M48%
CA$2.8M29%
Content Distribution$2.2M23%

TRT
TRT

Semiconductor Backend Solutions$12.4M79%
Industrial Electronics$3.3M21%

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