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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Burke & Herbert Financial Services Corp. (BHRB). Click either name above to swap in a different company.

Burke & Herbert Financial Services Corp. is the larger business by last-quarter revenue ($86.5M vs $44.9M, roughly 1.9× AbCellera Biologics Inc.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -19.9%, a 54.9% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 4.9%). Burke & Herbert Financial Services Corp. produced more free cash flow last quarter ($96.2M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 81.1%).

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.

Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.

ABCL vs BHRB — Head-to-Head

Bigger by revenue
BHRB
BHRB
1.9× larger
BHRB
$86.5M
$44.9M
ABCL
Growing faster (revenue YoY)
ABCL
ABCL
+783.5% gap
ABCL
788.4%
4.9%
BHRB
Higher net margin
BHRB
BHRB
54.9% more per $
BHRB
34.9%
-19.9%
ABCL
More free cash flow
BHRB
BHRB
$140.8M more FCF
BHRB
$96.2M
$-44.6M
ABCL
Faster 2-yr revenue CAGR
ABCL
ABCL
Annualised
ABCL
112.3%
81.1%
BHRB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABCL
ABCL
BHRB
BHRB
Revenue
$44.9M
$86.5M
Net Profit
$-8.9M
$30.2M
Gross Margin
Operating Margin
-63.7%
43.8%
Net Margin
-19.9%
34.9%
Revenue YoY
788.4%
4.9%
Net Profit YoY
73.9%
52.8%
EPS (diluted)
$-0.03
$1.98

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
ABCL
ABCL
BHRB
BHRB
Q4 25
$44.9M
$86.5M
Q3 25
$9.0M
$85.4M
Q2 25
$17.1M
$87.1M
Q1 25
$4.2M
$83.0M
Q4 24
$5.0M
$82.5M
Q3 24
$6.5M
$83.8M
Q2 24
$7.3M
$69.3M
Q1 24
$10.0M
$26.4M
Net Profit
ABCL
ABCL
BHRB
BHRB
Q4 25
$-8.9M
$30.2M
Q3 25
$-57.1M
$30.0M
Q2 25
$-34.7M
$29.9M
Q1 25
$-45.6M
$27.2M
Q4 24
$19.8M
Q3 24
$-51.1M
$27.6M
Q2 24
$-36.9M
$-16.9M
Q1 24
$-40.6M
$5.2M
Operating Margin
ABCL
ABCL
BHRB
BHRB
Q4 25
-63.7%
43.8%
Q3 25
-851.8%
43.3%
Q2 25
-290.2%
42.7%
Q1 25
-1479.6%
39.6%
Q4 24
24.6%
Q3 24
-1439.4%
39.2%
Q2 24
-1276.2%
-27.5%
Q1 24
-551.5%
22.3%
Net Margin
ABCL
ABCL
BHRB
BHRB
Q4 25
-19.9%
34.9%
Q3 25
-637.8%
35.1%
Q2 25
-203.3%
34.3%
Q1 25
-1077.2%
32.8%
Q4 24
24.0%
Q3 24
-785.4%
33.0%
Q2 24
-504.3%
-24.4%
Q1 24
-408.0%
19.8%
EPS (diluted)
ABCL
ABCL
BHRB
BHRB
Q4 25
$-0.03
$1.98
Q3 25
$-0.19
$1.97
Q2 25
$-0.12
$1.97
Q1 25
$-0.15
$1.80
Q4 24
$1.72
Q3 24
$-0.17
$1.82
Q2 24
$-0.13
$-1.41
Q1 24
$-0.14
$0.69

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
BHRB
BHRB
Cash + ST InvestmentsLiquidity on hand
$128.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$966.9M
$854.6M
Total Assets
$1.4B
$7.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
BHRB
BHRB
Q4 25
$128.5M
Q3 25
$83.2M
Q2 25
$92.4M
Q1 25
$159.3M
Q4 24
$156.3M
Q3 24
$126.6M
Q2 24
$148.3M
Q1 24
$123.6M
Stockholders' Equity
ABCL
ABCL
BHRB
BHRB
Q4 25
$966.9M
$854.6M
Q3 25
$964.0M
$822.2M
Q2 25
$1.0B
$780.0M
Q1 25
$1.0B
$758.0M
Q4 24
$1.1B
$730.2M
Q3 24
$1.1B
$738.1M
Q2 24
$1.1B
$693.1M
Q1 24
$1.1B
$319.3M
Total Assets
ABCL
ABCL
BHRB
BHRB
Q4 25
$1.4B
$7.9B
Q3 25
$1.4B
$7.9B
Q2 25
$1.4B
$8.1B
Q1 25
$1.3B
$7.8B
Q4 24
$1.4B
$7.8B
Q3 24
$1.4B
$7.9B
Q2 24
$1.4B
$7.8B
Q1 24
$1.5B
$3.7B

Cash Flow & Capital Efficiency

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

Metric
ABCL
ABCL
BHRB
BHRB
Operating Cash FlowLast quarter
$-34.7M
$107.9M
Free Cash FlowOCF − Capex
$-44.6M
$96.2M
FCF MarginFCF / Revenue
-99.4%
111.2%
Capex IntensityCapex / Revenue
21.9%
13.5%
Cash ConversionOCF / Net Profit
3.57×
TTM Free Cash FlowTrailing 4 quarters
$-174.1M
$164.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABCL
ABCL
BHRB
BHRB
Q4 25
$-34.7M
$107.9M
Q3 25
$-52.6M
$39.3M
Q2 25
$-32.4M
$41.0K
Q1 25
$-11.6M
$37.6M
Q4 24
$-108.6M
$85.8M
Q3 24
$-28.9M
$47.8M
Q2 24
$-30.0M
$-46.0M
Q1 24
$-41.7M
$7.1M
Free Cash Flow
ABCL
ABCL
BHRB
BHRB
Q4 25
$-44.6M
$96.2M
Q3 25
$-61.5M
$35.4M
Q2 25
$-45.8M
$-3.4M
Q1 25
$-22.2M
$35.9M
Q4 24
$-187.0M
$81.2M
Q3 24
$-47.4M
$46.0M
Q2 24
$-50.1M
$-47.0M
Q1 24
$-65.8M
$5.6M
FCF Margin
ABCL
ABCL
BHRB
BHRB
Q4 25
-99.4%
111.2%
Q3 25
-687.0%
41.5%
Q2 25
-267.9%
-3.9%
Q1 25
-524.0%
43.2%
Q4 24
-3702.8%
98.5%
Q3 24
-728.4%
55.0%
Q2 24
-683.8%
-67.8%
Q1 24
-661.5%
21.2%
Capex Intensity
ABCL
ABCL
BHRB
BHRB
Q4 25
21.9%
13.5%
Q3 25
99.7%
4.5%
Q2 25
78.2%
3.9%
Q1 25
251.1%
2.1%
Q4 24
1552.7%
5.5%
Q3 24
284.6%
2.1%
Q2 24
274.6%
1.5%
Q1 24
242.5%
5.7%
Cash Conversion
ABCL
ABCL
BHRB
BHRB
Q4 25
3.57×
Q3 25
1.31×
Q2 25
0.00×
Q1 25
1.38×
Q4 24
4.33×
Q3 24
1.73×
Q2 24
Q1 24
1.36×

Financial Flow Comparison

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

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