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Side-by-side financial comparison of Kartoon Studios, Inc. (TOON) and WESTPORT FUEL SYSTEMS INC. (WPRT). Click either name above to swap in a different company.

WESTPORT FUEL SYSTEMS INC. is the larger business by last-quarter revenue ($12.5M vs $9.7M, roughly 1.3× Kartoon Studios, Inc.). Kartoon Studios, Inc. runs the higher net margin — -54.4% vs -274.8%, a 220.4% gap on every dollar of revenue. On growth, Kartoon Studios, Inc. posted the faster year-over-year revenue change (2.9% vs -11.4%). Kartoon Studios, Inc. produced more free cash flow last quarter ($346.0K vs $-6.4M).

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.

Westport Innovations is a company that develops alternative fuel, low-emissions technologies to allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen and biofuels such as landfill gas. Headquartered in Vancouver, British Columbia, Canada, where the company was founded, Westport also has facilities in France, Sweden, Italy, China, Australia and the United States.

TOON vs WPRT — Head-to-Head

Bigger by revenue
WPRT
WPRT
1.3× larger
WPRT
$12.5M
$9.7M
TOON
Growing faster (revenue YoY)
TOON
TOON
+14.3% gap
TOON
2.9%
-11.4%
WPRT
Higher net margin
TOON
TOON
220.4% more per $
TOON
-54.4%
-274.8%
WPRT
More free cash flow
TOON
TOON
$6.8M more FCF
TOON
$346.0K
$-6.4M
WPRT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
TOON
TOON
WPRT
WPRT
Revenue
$9.7M
$12.5M
Net Profit
$-5.3M
$-34.3M
Gross Margin
6.7%
Operating Margin
-38.4%
-8.1%
Net Margin
-54.4%
-274.8%
Revenue YoY
2.9%
-11.4%
Net Profit YoY
8.5%
-690.4%
EPS (diluted)
$-0.08
$-1.98

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
WPRT
WPRT
Q4 25
$9.7M
Q3 25
$9.9M
Q2 25
$10.3M
$12.5M
Q1 25
$9.5M
Q4 24
$9.4M
Q3 24
$8.7M
$4.9M
Q2 24
$8.4M
$14.1M
Q1 24
$6.1M
Net Profit
TOON
TOON
WPRT
WPRT
Q4 25
$-5.3M
Q3 25
$-6.6M
Q2 25
$-6.2M
$-34.3M
Q1 25
$-6.5M
Q4 24
$-5.8M
Q3 24
$-2.1M
$-3.9M
Q2 24
$-5.9M
$5.8M
Q1 24
$-7.0M
Gross Margin
TOON
TOON
WPRT
WPRT
Q4 25
Q3 25
Q2 25
6.7%
Q1 25
Q4 24
Q3 24
13.6%
Q2 24
16.7%
Q1 24
Operating Margin
TOON
TOON
WPRT
WPRT
Q4 25
-38.4%
Q3 25
-29.3%
Q2 25
-31.3%
-8.1%
Q1 25
-32.4%
Q4 24
-37.1%
Q3 24
-29.2%
-43.9%
Q2 24
-55.6%
-54.9%
Q1 24
-103.6%
Net Margin
TOON
TOON
WPRT
WPRT
Q4 25
-54.4%
Q3 25
-66.5%
Q2 25
-60.0%
-274.8%
Q1 25
-68.7%
Q4 24
-61.2%
Q3 24
-23.6%
-79.3%
Q2 24
-70.1%
41.2%
Q1 24
-115.9%
EPS (diluted)
TOON
TOON
WPRT
WPRT
Q4 25
$-0.08
Q3 25
$-0.14
Q2 25
$-0.13
$-1.98
Q1 25
$-0.14
Q4 24
$-0.14
Q3 24
$-0.05
$-0.22
Q2 24
$-0.15
$0.34
Q1 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
TOON
TOON
WPRT
WPRT
Cash + ST InvestmentsLiquidity on hand
$6.1M
Total DebtLower is stronger
$977.0K
Stockholders' EquityBook value
$26.2M
$108.9M
Total Assets
$70.9M
$272.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOON
TOON
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$6.1M
Q1 25
Q4 24
$100.0K
Q3 24
Q2 24
Q1 24
Total Debt
TOON
TOON
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$977.0K
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TOON
TOON
WPRT
WPRT
Q4 25
$26.2M
Q3 25
$22.6M
Q2 25
$28.4M
$108.9M
Q1 25
$28.6M
Q4 24
$35.0M
Q3 24
$41.2M
$149.3M
Q2 24
$42.7M
$151.5M
Q1 24
$44.8M
Total Assets
TOON
TOON
WPRT
WPRT
Q4 25
$70.9M
Q3 25
$66.7M
Q2 25
$70.0M
$272.1M
Q1 25
$71.7M
Q4 24
$85.5M
Q3 24
$87.3M
Q2 24
$89.0M
Q1 24
$93.3M
Debt / Equity
TOON
TOON
WPRT
WPRT
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
WPRT
WPRT
Operating Cash FlowLast quarter
$381.0K
$-5.6M
Free Cash FlowOCF − Capex
$346.0K
$-6.4M
FCF MarginFCF / Revenue
3.6%
-51.6%
Capex IntensityCapex / Revenue
0.4%
6.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TOON
TOON
WPRT
WPRT
Q4 25
$381.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
$-5.6M
Q1 25
$-1.8M
Q4 24
$-2.4M
Q3 24
$1.5M
$-11.7M
Q2 24
$-6.5M
$1.5M
Q1 24
$3.8M
Free Cash Flow
TOON
TOON
WPRT
WPRT
Q4 25
$346.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
$-6.4M
Q1 25
$-1.8M
Q4 24
$-2.4M
Q3 24
$1.5M
$-11.9M
Q2 24
$262.0K
Q1 24
$3.8M
FCF Margin
TOON
TOON
WPRT
WPRT
Q4 25
3.6%
Q3 25
-56.0%
Q2 25
-44.1%
-51.6%
Q1 25
-19.4%
Q4 24
-25.6%
Q3 24
17.1%
-243.4%
Q2 24
1.9%
Q1 24
62.7%
Capex Intensity
TOON
TOON
WPRT
WPRT
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
6.6%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.4%
3.8%
Q2 24
0.0%
8.9%
Q1 24
0.6%
Cash Conversion
TOON
TOON
WPRT
WPRT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.26×
Q1 24

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%

WPRT
WPRT

Segment breakdown not available.

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