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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN). Click either name above to swap in a different company.

AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $23.6M, roughly 1.9× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). AbCellera Biologics Inc. runs the higher net margin — -19.9% vs -677.3%, a 657.4% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 15.7%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 8.9%).

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.

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

ABCL vs NEN — Head-to-Head

Bigger by revenue
ABCL
ABCL
1.9× larger
ABCL
$44.9M
$23.6M
NEN
Growing faster (revenue YoY)
ABCL
ABCL
+772.7% gap
ABCL
788.4%
15.7%
NEN
Higher net margin
ABCL
ABCL
657.4% more per $
ABCL
-19.9%
-677.3%
NEN
Faster 2-yr revenue CAGR
ABCL
ABCL
Annualised
ABCL
112.3%
8.9%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABCL
ABCL
NEN
NEN
Revenue
$44.9M
$23.6M
Net Profit
$-8.9M
$-1.4M
Gross Margin
Operating Margin
-63.7%
14.0%
Net Margin
-19.9%
-677.3%
Revenue YoY
788.4%
15.7%
Net Profit YoY
73.9%
-133.0%
EPS (diluted)
$-0.03

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
NEN
NEN
Q4 25
$44.9M
$23.6M
Q3 25
$9.0M
$23.7M
Q2 25
$17.1M
$21.2M
Q1 25
$4.2M
$20.7M
Q4 24
$5.0M
$20.4M
Q3 24
$6.5M
$20.2M
Q2 24
$7.3M
$20.1M
Q1 24
$10.0M
$19.9M
Net Profit
ABCL
ABCL
NEN
NEN
Q4 25
$-8.9M
$-1.4M
Q3 25
$-57.1M
$-521.8K
Q2 25
$-34.7M
$4.1M
Q1 25
$-45.6M
$3.8M
Q4 24
$4.2M
Q3 24
$-51.1M
$3.9M
Q2 24
$-36.9M
$4.1M
Q1 24
$-40.6M
$3.5M
Operating Margin
ABCL
ABCL
NEN
NEN
Q4 25
-63.7%
14.0%
Q3 25
-851.8%
20.0%
Q2 25
-290.2%
33.3%
Q1 25
-1479.6%
30.1%
Q4 24
32.4%
Q3 24
-1439.4%
32.0%
Q2 24
-1276.2%
32.6%
Q1 24
-551.5%
28.9%
Net Margin
ABCL
ABCL
NEN
NEN
Q4 25
-19.9%
-677.3%
Q3 25
-637.8%
-2.2%
Q2 25
-203.3%
19.5%
Q1 25
-1077.2%
18.3%
Q4 24
20.7%
Q3 24
-785.4%
19.3%
Q2 24
-504.3%
20.3%
Q1 24
-408.0%
17.4%
EPS (diluted)
ABCL
ABCL
NEN
NEN
Q4 25
$-0.03
Q3 25
$-0.19
Q2 25
$-0.12
Q1 25
$-0.15
Q4 24
Q3 24
$-0.17
Q2 24
$-0.13
Q1 24
$-0.14

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
NEN
NEN
Cash + ST InvestmentsLiquidity on hand
$128.5M
$26.7M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$966.9M
Total Assets
$1.4B
$505.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
NEN
NEN
Q4 25
$128.5M
$26.7M
Q3 25
$83.2M
$13.4M
Q2 25
$92.4M
$16.7M
Q1 25
$159.3M
$30.9M
Q4 24
$156.3M
$17.6M
Q3 24
$126.6M
$15.1M
Q2 24
$148.3M
$13.5M
Q1 24
$123.6M
$28.8M
Total Debt
ABCL
ABCL
NEN
NEN
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
ABCL
ABCL
NEN
NEN
Q4 25
$966.9M
Q3 25
$964.0M
Q2 25
$1.0B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
ABCL
ABCL
NEN
NEN
Q4 25
$1.4B
$505.3M
Q3 25
$1.4B
$492.9M
Q2 25
$1.4B
$494.8M
Q1 25
$1.3B
$385.2M
Q4 24
$1.4B
$393.5M
Q3 24
$1.4B
$387.4M
Q2 24
$1.4B
$383.7M
Q1 24
$1.5B
$381.2M

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
NEN
NEN
Operating Cash FlowLast quarter
$-34.7M
$27.7M
Free Cash FlowOCF − Capex
$-44.6M
FCF MarginFCF / Revenue
-99.4%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-174.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABCL
ABCL
NEN
NEN
Q4 25
$-34.7M
$27.7M
Q3 25
$-52.6M
$2.3M
Q2 25
$-32.4M
$12.5M
Q1 25
$-11.6M
$5.5M
Q4 24
$-108.6M
$31.9M
Q3 24
$-28.9M
$8.5M
Q2 24
$-30.0M
$5.4M
Q1 24
$-41.7M
$6.1M
Free Cash Flow
ABCL
ABCL
NEN
NEN
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
NEN
NEN
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
NEN
NEN
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
NEN
NEN
Q4 25
Q3 25
Q2 25
3.02×
Q1 25
1.44×
Q4 24
7.57×
Q3 24
2.17×
Q2 24
1.32×
Q1 24
1.77×

Financial Flow Comparison

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

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