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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Consolidated Water Co. Ltd. (CWCO). Click either name above to swap in a different company.
AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $29.6M, roughly 1.5× Consolidated Water Co. Ltd.). Consolidated Water Co. Ltd. runs the higher net margin — 10.3% vs -19.9%, a 30.2% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 4.4%). Consolidated Water Co. Ltd. produced more free cash flow last quarter ($3.4M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs -13.6%).
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.
Coca-Cola Consolidated, Inc., headquartered in Charlotte, North Carolina, is the largest independent Coca-Cola bottler in the United States.
ABCL vs CWCO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $29.6M |
| Net Profit | $-8.9M | $3.0M |
| Gross Margin | — | 34.7% |
| Operating Margin | -63.7% | 9.1% |
| Net Margin | -19.9% | 10.3% |
| Revenue YoY | 788.4% | 4.4% |
| Net Profit YoY | 73.9% | 91.5% |
| EPS (diluted) | $-0.03 | $0.18 |
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 | $29.6M | ||
| Q3 25 | $9.0M | $35.1M | ||
| Q2 25 | $17.1M | $33.6M | ||
| Q1 25 | $4.2M | $33.7M | ||
| Q4 24 | $5.0M | $28.4M | ||
| Q3 24 | $6.5M | $33.4M | ||
| Q2 24 | $7.3M | $32.5M | ||
| Q1 24 | $10.0M | $39.7M |
| Q4 25 | $-8.9M | $3.0M | ||
| Q3 25 | $-57.1M | $5.5M | ||
| Q2 25 | $-34.7M | $5.1M | ||
| Q1 25 | $-45.6M | $4.8M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | $-51.1M | $4.5M | ||
| Q2 24 | $-36.9M | $15.9M | ||
| Q1 24 | $-40.6M | $6.5M |
| Q4 25 | — | 34.7% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 38.2% | ||
| Q1 25 | — | 36.5% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 34.8% | ||
| Q2 24 | — | 35.8% | ||
| Q1 24 | — | 35.0% |
| Q4 25 | -63.7% | 9.1% | ||
| Q3 25 | -851.8% | 16.4% | ||
| Q2 25 | -290.2% | 15.7% | ||
| Q1 25 | -1479.6% | 13.7% | ||
| Q4 24 | — | 3.8% | ||
| Q3 24 | -1439.4% | 14.6% | ||
| Q2 24 | -1276.2% | 15.4% | ||
| Q1 24 | -551.5% | 18.4% |
| Q4 25 | -19.9% | 10.3% | ||
| Q3 25 | -637.8% | 15.8% | ||
| Q2 25 | -203.3% | 15.2% | ||
| Q1 25 | -1077.2% | 14.2% | ||
| Q4 24 | — | 5.6% | ||
| Q3 24 | -785.4% | 13.3% | ||
| Q2 24 | -504.3% | 48.8% | ||
| Q1 24 | -408.0% | 16.3% |
| Q4 25 | $-0.03 | $0.18 | ||
| Q3 25 | $-0.19 | $0.34 | ||
| Q2 25 | $-0.12 | $0.32 | ||
| Q1 25 | $-0.15 | $0.30 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $-0.17 | $0.28 | ||
| Q2 24 | $-0.13 | $0.99 | ||
| Q1 24 | $-0.14 | $0.40 |
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 | $123.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $966.9M | $221.7M |
| Total Assets | $1.4B | $257.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $123.8M | ||
| Q3 25 | $83.2M | $123.6M | ||
| Q2 25 | $92.4M | $112.2M | ||
| Q1 25 | $159.3M | $107.9M | ||
| Q4 24 | $156.3M | $99.4M | ||
| Q3 24 | $126.6M | $104.9M | ||
| Q2 24 | $148.3M | $96.7M | ||
| Q1 24 | $123.6M | $46.2M |
| Q4 25 | $966.9M | $221.7M | ||
| Q3 25 | $964.0M | $220.4M | ||
| Q2 25 | $1.0B | $216.6M | ||
| Q1 25 | $1.0B | $213.3M | ||
| Q4 24 | $1.1B | $210.0M | ||
| Q3 24 | $1.1B | $209.8M | ||
| Q2 24 | $1.1B | $206.7M | ||
| Q1 24 | $1.1B | $192.1M |
| Q4 25 | $1.4B | $257.6M | ||
| Q3 25 | $1.4B | $257.2M | ||
| Q2 25 | $1.4B | $257.5M | ||
| Q1 25 | $1.3B | $250.4M | ||
| Q4 24 | $1.4B | $243.3M | ||
| Q3 24 | $1.4B | $238.4M | ||
| Q2 24 | $1.4B | $235.2M | ||
| Q1 24 | $1.5B | $223.2M |
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 | $5.8M |
| Free Cash FlowOCF − Capex | $-44.6M | $3.4M |
| FCF MarginFCF / Revenue | -99.4% | 11.4% |
| Capex IntensityCapex / Revenue | 21.9% | 8.1% |
| Cash ConversionOCF / Net Profit | — | 1.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | $33.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $5.8M | ||
| Q3 25 | $-52.6M | $15.4M | ||
| Q2 25 | $-32.4M | $8.8M | ||
| Q1 25 | $-11.6M | $11.8M | ||
| Q4 24 | $-108.6M | $-742.0K | ||
| Q3 24 | $-28.9M | $10.4M | ||
| Q2 24 | $-30.0M | $21.0M | ||
| Q1 24 | $-41.7M | $6.0M |
| Q4 25 | $-44.6M | $3.4M | ||
| Q3 25 | $-61.5M | $13.5M | ||
| Q2 25 | $-45.8M | $6.1M | ||
| Q1 25 | $-22.2M | $10.2M | ||
| Q4 24 | $-187.0M | $-3.7M | ||
| Q3 24 | $-47.4M | $8.3M | ||
| Q2 24 | $-50.1M | $19.8M | ||
| Q1 24 | $-65.8M | $5.4M |
| Q4 25 | -99.4% | 11.4% | ||
| Q3 25 | -687.0% | 38.4% | ||
| Q2 25 | -267.9% | 18.3% | ||
| Q1 25 | -524.0% | 30.1% | ||
| Q4 24 | -3702.8% | -13.0% | ||
| Q3 24 | -728.4% | 24.9% | ||
| Q2 24 | -683.8% | 60.8% | ||
| Q1 24 | -661.5% | 13.7% |
| Q4 25 | 21.9% | 8.1% | ||
| Q3 25 | 99.7% | 5.5% | ||
| Q2 25 | 78.2% | 7.8% | ||
| Q1 25 | 251.1% | 4.7% | ||
| Q4 24 | 1552.7% | 10.4% | ||
| Q3 24 | 284.6% | 6.1% | ||
| Q2 24 | 274.6% | 3.7% | ||
| Q1 24 | 242.5% | 1.3% |
| Q4 25 | — | 1.90× | ||
| Q3 25 | — | 2.79× | ||
| Q2 25 | — | 1.72× | ||
| Q1 25 | — | 2.45× | ||
| Q4 24 | — | -0.47× | ||
| Q3 24 | — | 2.32× | ||
| Q2 24 | — | 1.32× | ||
| Q1 24 | — | 0.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
CWCO
| Services Revenues | $10.5M | 35% |
| Transferred At Point In Time | $8.5M | 29% |
| Operations And Maintenance | $8.4M | 28% |
| Transferred Over Time | $1.9M | 7% |
