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

UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $25.1M, roughly 1.4× TRX GOLD Corp). UNITY BANCORP INC runs the higher net margin — 43.9% vs -2.0%, a 45.8% gap on every dollar of revenue. On growth, TRX GOLD Corp posted the faster year-over-year revenue change (100.5% vs 24.2%). Over the past eight quarters, TRX GOLD Corp's revenue compounded faster (64.2% CAGR vs 17.5%).

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.

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

TRX vs UNTY — Head-to-Head

Bigger by revenue
UNTY
UNTY
1.4× larger
UNTY
$35.3M
$25.1M
TRX
Growing faster (revenue YoY)
TRX
TRX
+76.3% gap
TRX
100.5%
24.2%
UNTY
Higher net margin
UNTY
UNTY
45.8% more per $
UNTY
43.9%
-2.0%
TRX
Faster 2-yr revenue CAGR
TRX
TRX
Annualised
TRX
64.2%
17.5%
UNTY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
TRX
TRX
UNTY
UNTY
Revenue
$25.1M
$35.3M
Net Profit
$-496.0K
$15.5M
Gross Margin
56.6%
Operating Margin
55.8%
Net Margin
-2.0%
43.9%
Revenue YoY
100.5%
24.2%
Net Profit YoY
-123.2%
34.5%
EPS (diluted)
$-0.01
$1.52

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
TRX
TRX
UNTY
UNTY
Q4 25
$25.1M
$35.3M
Q3 25
$32.8M
Q2 25
$12.5M
$34.4M
Q1 25
$9.1M
$29.4M
Q4 24
$12.5M
$28.4M
Q3 24
$27.7M
Q2 24
$10.1M
$25.5M
Q1 24
$8.0M
$25.6M
Net Profit
TRX
TRX
UNTY
UNTY
Q4 25
$-496.0K
$15.5M
Q3 25
$14.4M
Q2 25
$1.1M
$16.5M
Q1 25
$-1.9M
$11.6M
Q4 24
$2.1M
$11.5M
Q3 24
$10.9M
Q2 24
$-1.7M
$9.5M
Q1 24
$1.9M
$9.6M
Gross Margin
TRX
TRX
UNTY
UNTY
Q4 25
56.6%
Q3 25
Q2 25
35.1%
Q1 25
23.5%
Q4 24
38.6%
Q3 24
Q2 24
42.9%
Q1 24
41.0%
Operating Margin
TRX
TRX
UNTY
UNTY
Q4 25
55.8%
Q3 25
57.5%
Q2 25
62.6%
Q1 25
52.6%
Q4 24
51.0%
Q3 24
52.7%
Q2 24
49.3%
Q1 24
50.0%
Net Margin
TRX
TRX
UNTY
UNTY
Q4 25
-2.0%
43.9%
Q3 25
43.8%
Q2 25
8.9%
48.0%
Q1 25
-21.3%
39.5%
Q4 24
17.1%
40.5%
Q3 24
39.4%
Q2 24
-16.3%
37.1%
Q1 24
24.1%
37.5%
EPS (diluted)
TRX
TRX
UNTY
UNTY
Q4 25
$-0.01
$1.52
Q3 25
$1.41
Q2 25
$0.00
$1.61
Q1 25
$-0.01
$1.13
Q4 24
$0.00
$1.13
Q3 24
$1.07
Q2 24
$-0.01
$0.92
Q1 24
$0.00
$0.94

Balance Sheet & Financial Strength

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

Metric
TRX
TRX
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
$9.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$74.5M
$345.6M
Total Assets
$129.6M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TRX
TRX
UNTY
UNTY
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
Total Debt
TRX
TRX
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$230.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TRX
TRX
UNTY
UNTY
Q4 25
$74.5M
$345.6M
Q3 25
$334.0M
Q2 25
$69.0M
$319.8M
Q1 25
$67.5M
$306.1M
Q4 24
$68.4M
$295.6M
Q3 24
$284.3M
Q2 24
$62.5M
$273.4M
Q1 24
$63.9M
$266.8M
Total Assets
TRX
TRX
UNTY
UNTY
Q4 25
$129.6M
$3.0B
Q3 25
$2.9B
Q2 25
$112.3M
$2.9B
Q1 25
$106.7M
$2.8B
Q4 24
$102.6M
$2.7B
Q3 24
$2.6B
Q2 24
$92.6M
$2.6B
Q1 24
$88.2M
$2.6B
Debt / Equity
TRX
TRX
UNTY
UNTY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.78×
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
TRX
TRX
UNTY
UNTY
Operating Cash FlowLast quarter
$4.0M
$44.9M
Free Cash FlowOCF − Capex
$44.3M
FCF MarginFCF / Revenue
125.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TRX
TRX
UNTY
UNTY
Q4 25
$4.0M
$44.9M
Q3 25
$45.5M
Q2 25
$3.4M
$-25.3M
Q1 25
$2.0M
$17.9M
Q4 24
$2.4M
$48.0M
Q3 24
$17.7M
Q2 24
$3.1M
$-8.4M
Q1 24
$1.0M
$15.8M
Free Cash Flow
TRX
TRX
UNTY
UNTY
Q4 25
$44.3M
Q3 25
$45.3M
Q2 25
$-25.5M
Q1 25
$17.6M
Q4 24
$47.3M
Q3 24
$17.5M
Q2 24
$-8.6M
Q1 24
$15.7M
FCF Margin
TRX
TRX
UNTY
UNTY
Q4 25
125.7%
Q3 25
138.1%
Q2 25
-74.2%
Q1 25
59.9%
Q4 24
166.5%
Q3 24
63.3%
Q2 24
-33.7%
Q1 24
61.4%
Capex Intensity
TRX
TRX
UNTY
UNTY
Q4 25
1.6%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
1.0%
Q4 24
2.4%
Q3 24
0.5%
Q2 24
0.5%
Q1 24
0.3%
Cash Conversion
TRX
TRX
UNTY
UNTY
Q4 25
2.90×
Q3 25
3.16×
Q2 25
3.10×
-1.54×
Q1 25
1.54×
Q4 24
1.11×
4.17×
Q3 24
1.62×
Q2 24
-0.89×
Q1 24
0.54×
1.64×

Financial Flow Comparison

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

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