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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Mastech Digital, Inc. (MHH). Click either name above to swap in a different company.
Mastech Digital, Inc. is the larger business by last-quarter revenue ($45.5M vs $44.9M, roughly 1.0× AbCellera Biologics Inc.). Mastech Digital, Inc. runs the higher net margin — 2.1% vs -19.9%, a 22.1% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs -10.4%). Mastech Digital, Inc. produced more free cash flow last quarter ($4.3M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs -1.5%).
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.
Mastech Digital, Inc. is a digital transformation and information technology (IT) services company headquartered in Pittsburgh, Pennsylvania, providing services to corporations across North America, Middle East, Asian, and Japan.
ABCL vs MHH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $45.5M |
| Net Profit | $-8.9M | $972.0K |
| Gross Margin | — | 28.3% |
| Operating Margin | -63.7% | 2.2% |
| Net Margin | -19.9% | 2.1% |
| Revenue YoY | 788.4% | -10.4% |
| Net Profit YoY | 73.9% | 227.3% |
| EPS (diluted) | $-0.03 | $0.08 |
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 | $45.5M | ||
| Q3 25 | $9.0M | $48.5M | ||
| Q2 25 | $17.1M | $49.1M | ||
| Q1 25 | $4.2M | $48.3M | ||
| Q4 24 | $5.0M | $50.7M | ||
| Q3 24 | $6.5M | $51.8M | ||
| Q2 24 | $7.3M | $49.5M | ||
| Q1 24 | $10.0M | $46.8M |
| Q4 25 | $-8.9M | $972.0K | ||
| Q3 25 | $-57.1M | $941.0K | ||
| Q2 25 | $-34.7M | $135.0K | ||
| Q1 25 | $-45.6M | $-1.4M | ||
| Q4 24 | — | $297.0K | ||
| Q3 24 | $-51.1M | $1.9M | ||
| Q2 24 | $-36.9M | $1.4M | ||
| Q1 24 | $-40.6M | $-161.0K |
| Q4 25 | — | 28.3% | ||
| Q3 25 | — | 27.8% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 26.7% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 28.5% | ||
| Q2 24 | — | 28.2% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | -63.7% | 2.2% | ||
| Q3 25 | -851.8% | 1.7% | ||
| Q2 25 | -290.2% | 0.1% | ||
| Q1 25 | -1479.6% | -3.8% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | -1439.4% | 4.7% | ||
| Q2 24 | -1276.2% | 3.4% | ||
| Q1 24 | -551.5% | -0.9% |
| Q4 25 | -19.9% | 2.1% | ||
| Q3 25 | -637.8% | 1.9% | ||
| Q2 25 | -203.3% | 0.3% | ||
| Q1 25 | -1077.2% | -3.0% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | -785.4% | 3.6% | ||
| Q2 24 | -504.3% | 2.8% | ||
| Q1 24 | -408.0% | -0.3% |
| Q4 25 | $-0.03 | $0.08 | ||
| Q3 25 | $-0.19 | $0.08 | ||
| Q2 25 | $-0.12 | $0.01 | ||
| Q1 25 | $-0.15 | $-0.12 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | $-0.17 | $0.16 | ||
| Q2 24 | $-0.13 | $0.12 | ||
| Q1 24 | $-0.14 | $-0.01 |
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 | $36.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $966.9M | $89.3M |
| Total Assets | $1.4B | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $36.5M | ||
| Q3 25 | $83.2M | $32.7M | ||
| Q2 25 | $92.4M | $27.9M | ||
| Q1 25 | $159.3M | $24.7M | ||
| Q4 24 | $156.3M | $27.7M | ||
| Q3 24 | $126.6M | $23.9M | ||
| Q2 24 | $148.3M | $20.6M | ||
| Q1 24 | $123.6M | $19.4M |
| Q4 25 | $966.9M | $89.3M | ||
| Q3 25 | $964.0M | $88.0M | ||
| Q2 25 | $1.0B | $87.8M | ||
| Q1 25 | $1.0B | $86.9M | ||
| Q4 24 | $1.1B | $87.4M | ||
| Q3 24 | $1.1B | $86.5M | ||
| Q2 24 | $1.1B | $84.0M | ||
| Q1 24 | $1.1B | $81.7M |
| Q4 25 | $1.4B | $111.8M | ||
| Q3 25 | $1.4B | $112.6M | ||
| Q2 25 | $1.4B | $110.4M | ||
| Q1 25 | $1.3B | $110.1M | ||
| Q4 24 | $1.4B | $111.5M | ||
| Q3 24 | $1.4B | $111.5M | ||
| Q2 24 | $1.4B | $107.5M | ||
| Q1 24 | $1.5B | $106.1M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $-44.6M | $4.3M |
| FCF MarginFCF / Revenue | -99.4% | 9.5% |
| Capex IntensityCapex / Revenue | 21.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | $10.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $4.4M | ||
| Q3 25 | $-52.6M | $6.5M | ||
| Q2 25 | $-32.4M | $3.3M | ||
| Q1 25 | $-11.6M | $-3.0M | ||
| Q4 24 | $-108.6M | $4.0M | ||
| Q3 24 | $-28.9M | $3.3M | ||
| Q2 24 | $-30.0M | $1.2M | ||
| Q1 24 | $-41.7M | $-1.3M |
| Q4 25 | $-44.6M | $4.3M | ||
| Q3 25 | $-61.5M | $6.3M | ||
| Q2 25 | $-45.8M | $3.2M | ||
| Q1 25 | $-22.2M | $-3.1M | ||
| Q4 24 | $-187.0M | $3.9M | ||
| Q3 24 | $-47.4M | $3.2M | ||
| Q2 24 | $-50.1M | $707.0K | ||
| Q1 24 | $-65.8M | $-1.6M |
| Q4 25 | -99.4% | 9.5% | ||
| Q3 25 | -687.0% | 13.0% | ||
| Q2 25 | -267.9% | 6.6% | ||
| Q1 25 | -524.0% | -6.4% | ||
| Q4 24 | -3702.8% | 7.7% | ||
| Q3 24 | -728.4% | 6.2% | ||
| Q2 24 | -683.8% | 1.4% | ||
| Q1 24 | -661.5% | -3.4% |
| Q4 25 | 21.9% | 0.1% | ||
| Q3 25 | 99.7% | 0.4% | ||
| Q2 25 | 78.2% | 0.1% | ||
| Q1 25 | 251.1% | 0.2% | ||
| Q4 24 | 1552.7% | 0.2% | ||
| Q3 24 | 284.6% | 0.1% | ||
| Q2 24 | 274.6% | 1.0% | ||
| Q1 24 | 242.5% | 0.6% |
| Q4 25 | — | 4.48× | ||
| Q3 25 | — | 6.88× | ||
| Q2 25 | — | 24.41× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 13.60× | ||
| Q3 24 | — | 1.76× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
MHH
| IT Staffing Services | $37.6M | 83% |
| Data And Analytics Services | $7.8M | 17% |
