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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Armada Hoffler Properties, Inc. (AHH). Click either name above to swap in a different company.
Armada Hoffler Properties, Inc. is the larger business by last-quarter revenue ($75.6M vs $44.9M, roughly 1.7× AbCellera Biologics Inc.). Armada Hoffler Properties, Inc. runs the higher net margin — 3.1% vs -19.9%, a 23.1% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 0.8%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs -22.8%).
AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.
Armada Hoffler Properties, Inc. is a publicly traded U.S. real estate investment trust operating across the Mid-Atlantic and Southeast regions. It develops, owns, and manages a diversified portfolio of office, retail, and multifamily residential properties, and also offers construction and development services for third-party clients.
ABCL vs AHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $75.6M |
| Net Profit | $-8.9M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | -63.7% | 31.0% |
| Net Margin | -19.9% | 3.1% |
| Revenue YoY | 788.4% | 0.8% |
| Net Profit YoY | 73.9% | -89.8% |
| EPS (diluted) | $-0.03 | $0.00 |
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.
| Q4 25 | $44.9M | $75.6M | ||
| Q3 25 | $9.0M | $72.7M | ||
| Q2 25 | $17.1M | $69.1M | ||
| Q1 25 | $4.2M | $67.8M | ||
| Q4 24 | $5.0M | $75.0M | ||
| Q3 24 | $6.5M | $114.4M | ||
| Q2 24 | $7.3M | $116.8M | ||
| Q1 24 | $10.0M | $127.0M |
| Q4 25 | $-8.9M | $2.4M | ||
| Q3 25 | $-57.1M | $80.0K | ||
| Q2 25 | $-34.7M | $5.9M | ||
| Q1 25 | $-45.6M | $-2.8M | ||
| Q4 24 | — | $23.4M | ||
| Q3 24 | $-51.1M | $-5.0M | ||
| Q2 24 | $-36.9M | $3.2M | ||
| Q1 24 | $-40.6M | $14.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 45.0% | ||
| Q2 24 | — | 41.8% | ||
| Q1 24 | — | 37.9% |
| Q4 25 | -63.7% | 31.0% | ||
| Q3 25 | -851.8% | 29.2% | ||
| Q2 25 | -290.2% | 29.6% | ||
| Q1 25 | -1479.6% | 23.2% | ||
| Q4 24 | — | 50.1% | ||
| Q3 24 | -1439.4% | 19.0% | ||
| Q2 24 | -1276.2% | 11.9% | ||
| Q1 24 | -551.5% | 15.1% |
| Q4 25 | -19.9% | 3.1% | ||
| Q3 25 | -637.8% | 0.1% | ||
| Q2 25 | -203.3% | 8.6% | ||
| Q1 25 | -1077.2% | -4.1% | ||
| Q4 24 | — | 31.2% | ||
| Q3 24 | -785.4% | -4.4% | ||
| Q2 24 | -504.3% | 2.7% | ||
| Q1 24 | -408.0% | 11.1% |
| Q4 25 | $-0.03 | $0.00 | ||
| Q3 25 | $-0.19 | $-0.04 | ||
| Q2 25 | $-0.12 | $0.04 | ||
| Q1 25 | $-0.15 | $-0.07 | ||
| Q4 24 | — | $0.28 | ||
| Q3 24 | $-0.17 | $-0.11 | ||
| Q2 24 | $-0.13 | $0.00 | ||
| Q1 24 | $-0.14 | $0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $128.5M | $49.1M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $966.9M | $627.8M |
| Total Assets | $1.4B | $2.6B |
| Debt / EquityLower = less leverage | — | 2.43× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $49.1M | ||
| Q3 25 | $83.2M | $46.5M | ||
| Q2 25 | $92.4M | $52.1M | ||
| Q1 25 | $159.3M | $45.7M | ||
| Q4 24 | $156.3M | $31.9M | ||
| Q3 24 | $126.6M | $43.9M | ||
| Q2 24 | $148.3M | $20.3M | ||
| Q1 24 | $123.6M | $41.9M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.4B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $966.9M | $627.8M | ||
| Q3 25 | $964.0M | $638.8M | ||
| Q2 25 | $1.0B | $652.0M | ||
| Q1 25 | $1.0B | $657.4M | ||
| Q4 24 | $1.1B | $670.6M | ||
| Q3 24 | $1.1B | $663.9M | ||
| Q2 24 | $1.1B | $562.7M | ||
| Q1 24 | $1.1B | $571.4M |
| Q4 25 | $1.4B | $2.6B | ||
| Q3 25 | $1.4B | $2.6B | ||
| Q2 25 | $1.4B | $2.6B | ||
| Q1 25 | $1.3B | $2.5B | ||
| Q4 24 | $1.4B | $2.5B | ||
| Q3 24 | $1.4B | $2.6B | ||
| Q2 24 | $1.4B | $2.6B | ||
| Q1 24 | $1.5B | $2.6B |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | 2.33× | ||
| Q2 25 | — | 2.22× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | — | 2.00× | ||
| Q2 24 | — | 2.52× | ||
| Q1 24 | — | 2.50× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-34.7M | $64.2M |
| Free Cash FlowOCF − Capex | $-44.6M | — |
| FCF MarginFCF / Revenue | -99.4% | — |
| Capex IntensityCapex / Revenue | 21.9% | — |
| Cash ConversionOCF / Net Profit | — | 26.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $64.2M | ||
| Q3 25 | $-52.6M | $26.3M | ||
| Q2 25 | $-32.4M | $11.1M | ||
| Q1 25 | $-11.6M | $107.0K | ||
| Q4 24 | $-108.6M | $112.0M | ||
| Q3 24 | $-28.9M | $27.3M | ||
| Q2 24 | $-30.0M | $17.4M | ||
| Q1 24 | $-41.7M | $46.5M |
| Q4 25 | $-44.6M | — | ||
| Q3 25 | $-61.5M | — | ||
| Q2 25 | $-45.8M | — | ||
| Q1 25 | $-22.2M | — | ||
| Q4 24 | $-187.0M | — | ||
| Q3 24 | $-47.4M | — | ||
| Q2 24 | $-50.1M | — | ||
| Q1 24 | $-65.8M | — |
| Q4 25 | -99.4% | — | ||
| Q3 25 | -687.0% | — | ||
| Q2 25 | -267.9% | — | ||
| Q1 25 | -524.0% | — | ||
| Q4 24 | -3702.8% | — | ||
| Q3 24 | -728.4% | — | ||
| Q2 24 | -683.8% | — | ||
| Q1 24 | -661.5% | — |
| Q4 25 | 21.9% | — | ||
| Q3 25 | 99.7% | — | ||
| Q2 25 | 78.2% | — | ||
| Q1 25 | 251.1% | — | ||
| Q4 24 | 1552.7% | — | ||
| Q3 24 | 284.6% | — | ||
| Q2 24 | 274.6% | — | ||
| Q1 24 | 242.5% | — |
| Q4 25 | — | 26.99× | ||
| Q3 25 | — | 328.63× | ||
| Q2 25 | — | 1.87× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.78× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 5.48× | ||
| Q1 24 | — | 3.30× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
AHH
| Office Real Estate Segment | $28.8M | 38% |
| Retail Real Estate Segment | $25.4M | 34% |
| Multifamily Residential Real Estate | $17.7M | 23% |
| Real Estate Financing Segment | $3.6M | 5% |
