Tianci International vs Fatpipe
Fatpipe is the larger business, with $19.2m of revenue in fiscal 2026 against $9.3m for Tianci International (2.1 times as much). Fatpipe grew faster (17.9% against 7.7%). Fatpipe kept more of each dollar of sales as profit: a net margin of 25.9% against -28.4%. Tianci International carries less debt relative to equity (0.0% against 18.3%).
| Latest fiscal year | Tianci InternationalCIIT, 2025 | FatpipeFATN, 2026 |
|---|---|---|
| Revenue | $9.3m | $19.2m |
| Revenue growth | 7.7% | 17.9% |
| Net income | −$2.6m | $5.0m |
| Operating margin | -29.2% | 18.7% |
| Net margin | -28.4% | 25.9% |
| Return on equity | -141.7% | 24.2% |
| Free cash flow | −$3.2m | −$832,876 |
| Cash | $2.4m | $5.2m |
| Total debt | $0 | $4.6m |
| Debt to equity | 0.0% | 18.3% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | 172 |
| Market value | $6.1m | $74.0m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 0 sales |