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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.

MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $44.9M, roughly 1.6× AbCellera Biologics Inc.). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -19.9%, a 37.2% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 25.4%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 15.0%).

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.

Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.

ABCL vs MFIN — Head-to-Head

Bigger by revenue
MFIN
MFIN
1.6× larger
MFIN
$70.6M
$44.9M
ABCL
Growing faster (revenue YoY)
ABCL
ABCL
+762.9% gap
ABCL
788.4%
25.4%
MFIN
Higher net margin
MFIN
MFIN
37.2% more per $
MFIN
17.3%
-19.9%
ABCL
Faster 2-yr revenue CAGR
ABCL
ABCL
Annualised
ABCL
112.3%
15.0%
MFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABCL
ABCL
MFIN
MFIN
Revenue
$44.9M
$70.6M
Net Profit
$-8.9M
$12.2M
Gross Margin
Operating Margin
-63.7%
29.3%
Net Margin
-19.9%
17.3%
Revenue YoY
788.4%
25.4%
Net Profit YoY
73.9%
20.3%
EPS (diluted)
$-0.03
$0.50

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
MFIN
MFIN
Q4 25
$44.9M
$70.6M
Q3 25
$9.0M
$58.7M
Q2 25
$17.1M
$62.6M
Q1 25
$4.2M
$63.0M
Q4 24
$5.0M
$56.3M
Q3 24
$6.5M
$53.3M
Q2 24
$7.3M
$51.0M
Q1 24
$10.0M
$53.3M
Net Profit
ABCL
ABCL
MFIN
MFIN
Q4 25
$-8.9M
$12.2M
Q3 25
$-57.1M
$7.8M
Q2 25
$-34.7M
$11.1M
Q1 25
$-45.6M
$12.0M
Q4 24
$10.1M
Q3 24
$-51.1M
$8.6M
Q2 24
$-36.9M
$7.1M
Q1 24
$-40.6M
$10.0M
Operating Margin
ABCL
ABCL
MFIN
MFIN
Q4 25
-63.7%
29.3%
Q3 25
-851.8%
33.2%
Q2 25
-290.2%
31.1%
Q1 25
-1479.6%
32.1%
Q4 24
32.8%
Q3 24
-1439.4%
26.6%
Q2 24
-1276.2%
24.3%
Q1 24
-551.5%
33.6%
Net Margin
ABCL
ABCL
MFIN
MFIN
Q4 25
-19.9%
17.3%
Q3 25
-637.8%
13.2%
Q2 25
-203.3%
17.7%
Q1 25
-1077.2%
19.1%
Q4 24
18.0%
Q3 24
-785.4%
16.1%
Q2 24
-504.3%
13.9%
Q1 24
-408.0%
18.8%
EPS (diluted)
ABCL
ABCL
MFIN
MFIN
Q4 25
$-0.03
$0.50
Q3 25
$-0.19
$0.32
Q2 25
$-0.12
$0.46
Q1 25
$-0.15
$0.50
Q4 24
$0.43
Q3 24
$-0.17
$0.37
Q2 24
$-0.13
$0.30
Q1 24
$-0.14
$0.42

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
MFIN
MFIN
Cash + ST InvestmentsLiquidity on hand
$128.5M
$136.3M
Total DebtLower is stronger
$216.0M
Stockholders' EquityBook value
$966.9M
$408.6M
Total Assets
$1.4B
$3.0B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
MFIN
MFIN
Q4 25
$128.5M
$136.3M
Q3 25
$83.2M
$72.5M
Q2 25
$92.4M
$110.4M
Q1 25
$159.3M
$131.5M
Q4 24
$156.3M
$98.2M
Q3 24
$126.6M
$120.6M
Q2 24
$148.3M
$87.7M
Q1 24
$123.6M
$54.8M
Total Debt
ABCL
ABCL
MFIN
MFIN
Q4 25
$216.0M
Q3 25
$215.7M
Q2 25
$199.9M
Q1 25
$199.7M
Q4 24
$232.2M
Q3 24
$232.0M
Q2 24
$230.8M
Q1 24
$225.6M
Stockholders' Equity
ABCL
ABCL
MFIN
MFIN
Q4 25
$966.9M
$408.6M
Q3 25
$964.0M
$397.4M
Q2 25
$1.0B
$389.9M
Q1 25
$1.0B
$380.2M
Q4 24
$1.1B
$370.2M
Q3 24
$1.1B
$362.4M
Q2 24
$1.1B
$354.0M
Q1 24
$1.1B
$349.0M
Total Assets
ABCL
ABCL
MFIN
MFIN
Q4 25
$1.4B
$3.0B
Q3 25
$1.4B
$2.9B
Q2 25
$1.4B
$2.9B
Q1 25
$1.3B
$2.8B
Q4 24
$1.4B
$2.9B
Q3 24
$1.4B
$2.9B
Q2 24
$1.4B
$2.8B
Q1 24
$1.5B
$2.6B
Debt / Equity
ABCL
ABCL
MFIN
MFIN
Q4 25
0.53×
Q3 25
0.54×
Q2 25
0.51×
Q1 25
0.53×
Q4 24
0.63×
Q3 24
0.64×
Q2 24
0.65×
Q1 24
0.65×

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
MFIN
MFIN
Operating Cash FlowLast quarter
$-34.7M
$126.3M
Free Cash FlowOCF − Capex
$-44.6M
FCF MarginFCF / Revenue
-99.4%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
10.35×
TTM Free Cash FlowTrailing 4 quarters
$-174.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABCL
ABCL
MFIN
MFIN
Q4 25
$-34.7M
$126.3M
Q3 25
$-52.6M
$67.0M
Q2 25
$-32.4M
$-10.7M
Q1 25
$-11.6M
$36.3M
Q4 24
$-108.6M
$108.7M
Q3 24
$-28.9M
$24.6M
Q2 24
$-30.0M
$27.6M
Q1 24
$-41.7M
$32.3M
Free Cash Flow
ABCL
ABCL
MFIN
MFIN
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
FCF Margin
ABCL
ABCL
MFIN
MFIN
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%
Capex Intensity
ABCL
ABCL
MFIN
MFIN
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%
Cash Conversion
ABCL
ABCL
MFIN
MFIN
Q4 25
10.35×
Q3 25
8.63×
Q2 25
-0.97×
Q1 25
3.02×
Q4 24
10.72×
Q3 24
2.86×
Q2 24
3.89×
Q1 24
3.22×

Financial Flow Comparison

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

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