SWK Holdings vs TON Strategy
SWK Holdings is the larger business, with $41.5m of revenue in fiscal 2025 against $12.8m for TON Strategy (3.2 times as much). TON Strategy grew faster (1327.8% against -7.8%). SWK Holdings kept more of each dollar of sales as profit: a net margin of -6.1% against -1161.9%.
| Latest fiscal year | SWK HoldingsSWKHL, 2025 | TON StrategyTONX, 2025 |
|---|---|---|
| Revenue | $41.5m | $12.8m |
| Revenue growth | -7.8% | 1327.8% |
| Net income | −$2.5m | −$148m |
| Operating margin | 48.9% | — |
| Net margin | -6.1% | -1161.9% |
| Return on equity | -1.0% | -70.3% |
| Free cash flow | $26.8m | −$20.9m |
| Cash | $42.8m | $39.5m |
| Total debt | $33.0m | — |
| Debt to equity | 14.0% | — |
| Dividend per share | $4.00 | — |
| Dividend yield | — | — |
| Share buybacks | $3.1m | $20.6m |
| Employees | 9 | — |
| Market value | $305m | $163m |
| Price vs our value range | — | — |
| Moat score | 76 (Strong) | 12 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 9 buys, 18 sales |