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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $44.9M, roughly 1.7× AbCellera Biologics Inc.). On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 30.7%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 23.9%).
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.
ABCL vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $75.2M |
| Net Profit | $-8.9M | — |
| Gross Margin | — | 37.7% |
| Operating Margin | -63.7% | 16.7% |
| Net Margin | -19.9% | — |
| Revenue YoY | 788.4% | 30.7% |
| Net Profit YoY | 73.9% | — |
| EPS (diluted) | $-0.03 | $0.17 |
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 | $75.2M | ||
| Q3 25 | $9.0M | $68.8M | ||
| Q2 25 | $17.1M | $68.2M | ||
| Q1 25 | $4.2M | $64.8M | ||
| Q4 24 | $5.0M | $57.5M | ||
| Q3 24 | $6.5M | $44.2M | ||
| Q2 24 | $7.3M | $66.8M | ||
| Q1 24 | $10.0M | $49.0M |
| Q4 25 | $-8.9M | — | ||
| Q3 25 | $-57.1M | $5.7M | ||
| Q2 25 | $-34.7M | $8.7M | ||
| Q1 25 | $-45.6M | $10.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-51.1M | $-174.3M | ||
| Q2 24 | $-36.9M | $8.0M | ||
| Q1 24 | $-40.6M | $7.3M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 39.0% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | -63.7% | 16.7% | ||
| Q3 25 | -851.8% | 13.2% | ||
| Q2 25 | -290.2% | 17.0% | ||
| Q1 25 | -1479.6% | 20.9% | ||
| Q4 24 | — | 20.2% | ||
| Q3 24 | -1439.4% | 2.8% | ||
| Q2 24 | -1276.2% | 18.7% | ||
| Q1 24 | -551.5% | 14.2% |
| Q4 25 | -19.9% | — | ||
| Q3 25 | -637.8% | 8.2% | ||
| Q2 25 | -203.3% | 12.7% | ||
| Q1 25 | -1077.2% | 15.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | -785.4% | -394.3% | ||
| Q2 24 | -504.3% | 12.0% | ||
| Q1 24 | -408.0% | 14.9% |
| Q4 25 | $-0.03 | $0.17 | ||
| Q3 25 | $-0.19 | $0.07 | ||
| Q2 25 | $-0.12 | $0.10 | ||
| Q1 25 | $-0.15 | $0.11 | ||
| Q4 24 | — | $0.10 | ||
| Q3 24 | $-0.17 | $-1.99 | ||
| Q2 24 | $-0.13 | $0.09 | ||
| Q1 24 | $-0.14 | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $966.9M | $351.2M |
| Total Assets | $1.4B | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $5.1M | ||
| Q3 25 | $83.2M | $35.6M | ||
| Q2 25 | $92.4M | $26.0M | ||
| Q1 25 | $159.3M | $20.8M | ||
| Q4 24 | $156.3M | $17.8M | ||
| Q3 24 | $126.6M | $42.9M | ||
| Q2 24 | $148.3M | $35.1M | ||
| Q1 24 | $123.6M | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $966.9M | $351.2M | ||
| Q3 25 | $964.0M | $333.9M | ||
| Q2 25 | $1.0B | $328.8M | ||
| Q1 25 | $1.0B | $326.9M | ||
| Q4 24 | $1.1B | $326.5M | ||
| Q3 24 | $1.1B | $316.5M | ||
| Q2 24 | $1.1B | $426.6M | ||
| Q1 24 | $1.1B | $421.6M |
| Q4 25 | $1.4B | $441.8M | ||
| Q3 25 | $1.4B | $404.5M | ||
| Q2 25 | $1.4B | $393.7M | ||
| Q1 25 | $1.3B | $390.0M | ||
| Q4 24 | $1.4B | $393.7M | ||
| Q3 24 | $1.4B | $389.6M | ||
| Q2 24 | $1.4B | $624.8M | ||
| Q1 24 | $1.5B | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | $-44.6M | $5.8M |
| FCF MarginFCF / Revenue | -99.4% | 7.6% |
| Capex IntensityCapex / Revenue | 21.9% | 16.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $18.0M | ||
| Q3 25 | $-52.6M | $24.7M | ||
| Q2 25 | $-32.4M | $21.4M | ||
| Q1 25 | $-11.6M | $8.8M | ||
| Q4 24 | $-108.6M | $-4.1M | ||
| Q3 24 | $-28.9M | $2.8M | ||
| Q2 24 | $-30.0M | $27.6M | ||
| Q1 24 | $-41.7M | $11.9M |
| Q4 25 | $-44.6M | $5.8M | ||
| Q3 25 | $-61.5M | $12.0M | ||
| Q2 25 | $-45.8M | $9.7M | ||
| Q1 25 | $-22.2M | $-1.2M | ||
| Q4 24 | $-187.0M | $-17.7M | ||
| Q3 24 | $-47.4M | $-6.7M | ||
| Q2 24 | $-50.1M | $21.0M | ||
| Q1 24 | $-65.8M | $-1.9M |
| Q4 25 | -99.4% | 7.6% | ||
| Q3 25 | -687.0% | 17.4% | ||
| Q2 25 | -267.9% | 14.3% | ||
| Q1 25 | -524.0% | -1.8% | ||
| Q4 24 | -3702.8% | -30.8% | ||
| Q3 24 | -728.4% | -15.2% | ||
| Q2 24 | -683.8% | 31.4% | ||
| Q1 24 | -661.5% | -3.9% |
| Q4 25 | 21.9% | 16.3% | ||
| Q3 25 | 99.7% | 18.5% | ||
| Q2 25 | 78.2% | 17.1% | ||
| Q1 25 | 251.1% | 15.5% | ||
| Q4 24 | 1552.7% | 23.6% | ||
| Q3 24 | 284.6% | 21.4% | ||
| Q2 24 | 274.6% | 9.9% | ||
| Q1 24 | 242.5% | 28.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.37× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABCL
Segment breakdown not available.
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
