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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $40.1M, roughly 1.1× Strawberry Fields REIT, Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -19.9%, a 25.0% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 31.5%). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 20.0%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

ABCL vs STRW — Head-to-Head

Bigger by revenue
ABCL
ABCL
1.1× larger
ABCL
$44.9M
$40.1M
STRW
Growing faster (revenue YoY)
ABCL
ABCL
+756.9% gap
ABCL
788.4%
31.5%
STRW
Higher net margin
STRW
STRW
25.0% more per $
STRW
5.0%
-19.9%
ABCL
Faster 2-yr revenue CAGR
ABCL
ABCL
Annualised
ABCL
112.3%
20.0%
STRW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABCL
ABCL
STRW
STRW
Revenue
$44.9M
$40.1M
Net Profit
$-8.9M
$2.0M
Gross Margin
Operating Margin
-63.7%
52.4%
Net Margin
-19.9%
5.0%
Revenue YoY
788.4%
31.5%
Net Profit YoY
73.9%
37.6%
EPS (diluted)
$-0.03
$0.15

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
STRW
STRW
Q4 25
$44.9M
$40.1M
Q3 25
$9.0M
$39.7M
Q2 25
$17.1M
$37.9M
Q1 25
$4.2M
$37.3M
Q4 24
$5.0M
$30.5M
Q3 24
$6.5M
$29.5M
Q2 24
$7.3M
$29.3M
Q1 24
$10.0M
$27.8M
Net Profit
ABCL
ABCL
STRW
STRW
Q4 25
$-8.9M
$2.0M
Q3 25
$-57.1M
$2.0M
Q2 25
$-34.7M
$2.0M
Q1 25
$-45.6M
$1.6M
Q4 24
$1.5M
Q3 24
$-51.1M
$944.0K
Q2 24
$-36.9M
$938.0K
Q1 24
$-40.6M
$746.0K
Operating Margin
ABCL
ABCL
STRW
STRW
Q4 25
-63.7%
52.4%
Q3 25
-851.8%
56.6%
Q2 25
-290.2%
54.5%
Q1 25
-1479.6%
54.1%
Q4 24
51.5%
Q3 24
-1439.4%
54.4%
Q2 24
-1276.2%
52.3%
Q1 24
-551.5%
51.3%
Net Margin
ABCL
ABCL
STRW
STRW
Q4 25
-19.9%
5.0%
Q3 25
-637.8%
5.1%
Q2 25
-203.3%
5.2%
Q1 25
-1077.2%
4.2%
Q4 24
4.8%
Q3 24
-785.4%
3.2%
Q2 24
-504.3%
3.2%
Q1 24
-408.0%
2.7%
EPS (diluted)
ABCL
ABCL
STRW
STRW
Q4 25
$-0.03
$0.15
Q3 25
$-0.19
$0.16
Q2 25
$-0.12
$0.16
Q1 25
$-0.15
$0.13
Q4 24
$0.17
Q3 24
$-0.17
$0.14
Q2 24
$-0.13
$0.14
Q1 24
$-0.14
$0.12

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$128.5M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$966.9M
$12.1M
Total Assets
$1.4B
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
STRW
STRW
Q4 25
$128.5M
$31.8M
Q3 25
$83.2M
$19.8M
Q2 25
$92.4M
$96.3M
Q1 25
$159.3M
$42.3M
Q4 24
$156.3M
$48.4M
Q3 24
$126.6M
$29.3M
Q2 24
$148.3M
$16.1M
Q1 24
$123.6M
$15.1M
Total Debt
ABCL
ABCL
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
ABCL
ABCL
STRW
STRW
Q4 25
$966.9M
$12.1M
Q3 25
$964.0M
$14.2M
Q2 25
$1.0B
$15.5M
Q1 25
$1.0B
$19.6M
Q4 24
$1.1B
$18.2M
Q3 24
$1.1B
$12.6M
Q2 24
$1.1B
$7.4M
Q1 24
$1.1B
$7.5M
Total Assets
ABCL
ABCL
STRW
STRW
Q4 25
$1.4B
$885.2M
Q3 25
$1.4B
$880.6M
Q2 25
$1.4B
$897.3M
Q1 25
$1.3B
$834.8M
Q4 24
$1.4B
$787.6M
Q3 24
$1.4B
$661.5M
Q2 24
$1.4B
$635.9M
Q1 24
$1.5B
$634.9M
Debt / Equity
ABCL
ABCL
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$-34.7M
$90.0M
Free Cash FlowOCF − Capex
$-44.6M
FCF MarginFCF / Revenue
-99.4%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters
$-174.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABCL
ABCL
STRW
STRW
Q4 25
$-34.7M
$90.0M
Q3 25
$-52.6M
$20.7M
Q2 25
$-32.4M
$29.8M
Q1 25
$-11.6M
$19.0M
Q4 24
$-108.6M
$59.3M
Q3 24
$-28.9M
$11.8M
Q2 24
$-30.0M
$20.6M
Q1 24
$-41.7M
$2.1M
Free Cash Flow
ABCL
ABCL
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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