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Side-by-side financial comparison of Kartoon Studios, Inc. (TOON) and Zepp Health Corp (ZEPP). Click either name above to swap in a different company.

Zepp Health Corp is the larger business by last-quarter revenue ($10.5M vs $9.7M, roughly 1.1× Kartoon Studios, Inc.). Zepp Health Corp runs the higher net margin — -2.1% vs -54.4%, a 52.3% gap on every dollar of revenue. Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs -7.9%).

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.

Zepp Health Corp is a global digital health and smart wearable technology company. It develops and sells fitness trackers, smartwatches, and AI-powered health monitoring tools, serving individual consumers, sports teams, and healthcare providers across Asia, North America, and Europe, with core focus on wellness tracking and remote health management solutions.

TOON vs ZEPP — Head-to-Head

Bigger by revenue
ZEPP
ZEPP
1.1× larger
ZEPP
$10.5M
$9.7M
TOON
Higher net margin
ZEPP
ZEPP
52.3% more per $
ZEPP
-2.1%
-54.4%
TOON
Faster 2-yr revenue CAGR
TOON
TOON
Annualised
TOON
26.3%
-7.9%
ZEPP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
TOON
TOON
ZEPP
ZEPP
Revenue
$9.7M
$10.5M
Net Profit
$-5.3M
$-223.0K
Gross Margin
38.2%
Operating Margin
-38.4%
-1.2%
Net Margin
-54.4%
-2.1%
Revenue YoY
2.9%
Net Profit YoY
8.5%
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
ZEPP
ZEPP
Q4 25
$9.7M
Q3 25
$9.9M
$10.5M
Q2 25
$10.3M
$8.2M
Q1 25
$9.5M
$5.3M
Q4 24
$9.4M
Q3 24
$8.7M
$5.9M
Q2 24
$8.4M
$5.6M
Q1 24
$6.1M
$5.5M
Net Profit
TOON
TOON
ZEPP
ZEPP
Q4 25
$-5.3M
Q3 25
$-6.6M
$-223.0K
Q2 25
$-6.2M
$-1.1M
Q1 25
$-6.5M
$-2.7M
Q4 24
$-5.8M
Q3 24
$-2.1M
$-1.8M
Q2 24
$-5.9M
$-1.5M
Q1 24
$-7.0M
$-2.0M
Gross Margin
TOON
TOON
ZEPP
ZEPP
Q4 25
Q3 25
38.2%
Q2 25
36.2%
Q1 25
37.3%
Q4 24
Q3 24
40.6%
Q2 24
40.3%
Q1 24
36.8%
Operating Margin
TOON
TOON
ZEPP
ZEPP
Q4 25
-38.4%
Q3 25
-29.3%
-1.2%
Q2 25
-31.3%
-10.3%
Q1 25
-32.4%
-47.7%
Q4 24
-37.1%
Q3 24
-29.2%
-29.5%
Q2 24
-55.6%
-24.3%
Q1 24
-103.6%
-39.6%
Net Margin
TOON
TOON
ZEPP
ZEPP
Q4 25
-54.4%
Q3 25
-66.5%
-2.1%
Q2 25
-60.0%
-13.0%
Q1 25
-68.7%
-51.2%
Q4 24
-61.2%
Q3 24
-23.6%
-31.2%
Q2 24
-70.1%
-26.7%
Q1 24
-115.9%
-36.8%
EPS (diluted)
TOON
TOON
ZEPP
ZEPP
Q4 25
$-0.08
Q3 25
$-0.14
$-0.01
Q2 25
$-0.13
$-0.07
Q1 25
$-0.14
$-0.17
Q4 24
$-0.14
Q3 24
$-0.05
$-0.01
Q2 24
$-0.15
$-0.01
Q1 24
$-0.20
$-0.01

Balance Sheet & Financial Strength

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

Metric
TOON
TOON
ZEPP
ZEPP
Cash + ST InvestmentsLiquidity on hand
$8.7M
Total DebtLower is stronger
$9.6M
Stockholders' EquityBook value
$26.2M
$31.2M
Total Assets
$70.9M
$80.9M
Debt / EquityLower = less leverage
0.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TOON
TOON
ZEPP
ZEPP
Q4 25
Q3 25
$8.7M
Q2 25
$7.8M
Q1 25
$10.7M
Q4 24
$100.0K
Q3 24
$16.4M
Q2 24
$17.0M
Q1 24
$17.9M
Total Debt
TOON
TOON
ZEPP
ZEPP
Q4 25
Q3 25
$9.6M
Q2 25
$9.7M
Q1 25
$9.6M
Q4 24
Q3 24
$5.7M
Q2 24
$7.3M
Q1 24
$11.2M
Stockholders' Equity
TOON
TOON
ZEPP
ZEPP
Q4 25
$26.2M
Q3 25
$22.6M
$31.2M
Q2 25
$28.4M
$31.1M
Q1 25
$28.6M
Q4 24
$35.0M
Q3 24
$41.2M
Q2 24
$42.7M
$44.6M
Q1 24
$44.8M
Total Assets
TOON
TOON
ZEPP
ZEPP
Q4 25
$70.9M
Q3 25
$66.7M
$80.9M
Q2 25
$70.0M
$75.8M
Q1 25
$71.7M
$71.6M
Q4 24
$85.5M
Q3 24
$87.3M
$81.3M
Q2 24
$89.0M
$79.7M
Q1 24
$93.3M
$80.5M
Debt / Equity
TOON
TOON
ZEPP
ZEPP
Q4 25
Q3 25
0.31×
Q2 25
0.31×
Q1 25
Q4 24
Q3 24
Q2 24
0.16×
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
ZEPP
ZEPP
Operating Cash FlowLast quarter
$381.0K
Free Cash FlowOCF − Capex
$346.0K
FCF MarginFCF / Revenue
3.6%
Capex IntensityCapex / Revenue
0.4%
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
ZEPP
ZEPP
Q4 25
$381.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
Q1 25
$-1.8M
Q4 24
$-2.4M
Q3 24
$1.5M
Q2 24
$-6.5M
Q1 24
$3.8M
Free Cash Flow
TOON
TOON
ZEPP
ZEPP
Q4 25
$346.0K
Q3 25
$-5.5M
Q2 25
$-4.5M
Q1 25
$-1.8M
Q4 24
$-2.4M
Q3 24
$1.5M
Q2 24
Q1 24
$3.8M
FCF Margin
TOON
TOON
ZEPP
ZEPP
Q4 25
3.6%
Q3 25
-56.0%
Q2 25
-44.1%
Q1 25
-19.4%
Q4 24
-25.6%
Q3 24
17.1%
Q2 24
Q1 24
62.7%
Capex Intensity
TOON
TOON
ZEPP
ZEPP
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.6%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
0.4%
Q2 24
0.0%
Q1 24
0.6%

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%

ZEPP
ZEPP

Segment breakdown not available.

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