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Side-by-side financial comparison of Americas Gold & Silver Corp (USAS) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $12.2M, roughly 1.6× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -82.3%, a 102.2% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs -28.0%).

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

USAS vs VFF — Head-to-Head

Bigger by revenue
USAS
USAS
1.6× larger
USAS
$19.1M
$12.2M
VFF
Growing faster (revenue YoY)
VFF
VFF
+59.5% gap
VFF
31.5%
-28.0%
USAS
Higher net margin
VFF
VFF
102.2% more per $
VFF
19.9%
-82.3%
USAS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
USAS
USAS
VFF
VFF
Revenue
$19.1M
$12.2M
Net Profit
$-15.7M
$2.4M
Gross Margin
34.2%
Operating Margin
Net Margin
-82.3%
19.9%
Revenue YoY
-28.0%
31.5%
Net Profit YoY
2.8%
128.2%
EPS (diluted)
$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
USAS
USAS
VFF
VFF
Q4 25
$12.2M
Q3 25
$19.1M
$66.7M
Q2 25
$59.9M
Q1 25
$77.1M
Q3 24
$26.5M
$54.9M
Q2 24
$53.6M
Q1 24
$78.1M
Q4 23
$-48.3M
Net Profit
USAS
USAS
VFF
VFF
Q4 25
$2.4M
Q3 25
$-15.7M
$10.2M
Q2 25
$26.5M
Q1 25
$-6.7M
Q3 24
$-16.2M
$-820.0K
Q2 24
$-23.5M
Q1 24
$-2.9M
Q4 23
$-25.5M
Gross Margin
USAS
USAS
VFF
VFF
Q4 25
Q3 25
34.2%
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q3 24
23.6%
24.8%
Q2 24
25.4%
Q1 24
19.9%
Q4 23
Operating Margin
USAS
USAS
VFF
VFF
Q4 25
Q3 25
23.3%
Q2 25
20.8%
Q1 25
-8.0%
Q3 24
3.8%
Q2 24
-43.5%
Q1 24
-3.0%
Q4 23
Net Margin
USAS
USAS
VFF
VFF
Q4 25
19.9%
Q3 25
-82.3%
15.3%
Q2 25
44.2%
Q1 25
-8.7%
Q3 24
-60.9%
-1.5%
Q2 24
-43.9%
Q1 24
-3.7%
Q4 23
52.8%
EPS (diluted)
USAS
USAS
VFF
VFF
Q4 25
$0.01
Q3 25
$0.08
Q2 25
$0.24
Q1 25
$-0.06
Q3 24
$-0.01
Q2 24
$-0.21
Q1 24
$-0.03
Q4 23
$-0.24

Balance Sheet & Financial Strength

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

Metric
USAS
USAS
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$39.1M
$81.2M
Total DebtLower is stronger
$33.7M
Stockholders' EquityBook value
$50.2M
$299.9M
Total Assets
$234.7M
$423.1M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
USAS
USAS
VFF
VFF
Q4 25
$81.2M
Q3 25
$39.1M
$82.6M
Q2 25
$60.0M
Q1 25
$15.1M
Q3 24
$28.7M
Q2 24
$29.7M
Q1 24
$26.7M
Q4 23
$30.3M
Total Debt
USAS
USAS
VFF
VFF
Q4 25
$33.7M
Q3 25
$34.6M
Q2 25
$39.1M
Q1 25
$39.2M
Q3 24
$43.3M
Q2 24
$44.4M
Q1 24
$46.1M
Q4 23
$48.1M
Stockholders' Equity
USAS
USAS
VFF
VFF
Q4 25
$299.9M
Q3 25
$50.2M
$295.4M
Q2 25
$284.3M
Q1 25
$248.3M
Q3 24
$53.1M
$274.4M
Q2 24
$275.2M
Q1 24
$296.2M
Q4 23
$299.6M
Total Assets
USAS
USAS
VFF
VFF
Q4 25
$423.1M
Q3 25
$234.7M
$418.4M
Q2 25
$403.7M
Q1 25
$377.1M
Q3 24
$417.8M
Q2 24
$425.4M
Q1 24
$458.4M
Q4 23
$464.0M
Debt / Equity
USAS
USAS
VFF
VFF
Q4 25
0.11×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.16×
Q3 24
0.16×
Q2 24
0.16×
Q1 24
0.16×
Q4 23
0.16×

Cash Flow & Capital Efficiency

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

Metric
USAS
USAS
VFF
VFF
Operating Cash FlowLast quarter
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
90.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
USAS
USAS
VFF
VFF
Q4 25
Q3 25
$-12.5M
$24.4M
Q2 25
Q1 25
$-6.4M
Q3 24
$2.4M
$4.3M
Q2 24
$5.7M
Q1 24
$-50.0K
Q4 23
$-1.5M
Free Cash Flow
USAS
USAS
VFF
VFF
Q4 25
Q3 25
$-41.3M
$22.6M
Q2 25
Q1 25
$-8.9M
Q3 24
$-11.2M
$1.5M
Q2 24
$4.8M
Q1 24
$-1.9M
Q4 23
$-2.2M
FCF Margin
USAS
USAS
VFF
VFF
Q4 25
Q3 25
-216.5%
33.9%
Q2 25
Q1 25
-11.6%
Q3 24
-42.2%
2.7%
Q2 24
9.0%
Q1 24
-2.5%
Q4 23
4.6%
Capex Intensity
USAS
USAS
VFF
VFF
Q4 25
90.8%
Q3 25
150.8%
2.7%
Q2 25
4.6%
Q1 25
3.3%
Q3 24
51.2%
5.1%
Q2 24
1.6%
Q1 24
2.4%
Q4 23
-1.6%
Cash Conversion
USAS
USAS
VFF
VFF
Q4 25
Q3 25
2.39×
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

USAS
USAS

Segment breakdown not available.

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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