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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and Whitestone REIT (WSR). Click either name above to swap in a different company.
AbCellera Biologics Inc. is the larger business by last-quarter revenue ($44.9M vs $43.9M, roughly 1.0× Whitestone REIT). Whitestone REIT runs the higher net margin — 52.0% vs -19.9%, a 71.9% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 7.5%). Whitestone REIT produced more free cash flow last quarter ($50.5M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 8.7%).
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
ABCL vs WSR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $43.9M |
| Net Profit | $-8.9M | $22.8M |
| Gross Margin | — | — |
| Operating Margin | -63.7% | 53.0% |
| Net Margin | -19.9% | 52.0% |
| Revenue YoY | 788.4% | 7.5% |
| Net Profit YoY | 73.9% | 31.7% |
| EPS (diluted) | $-0.03 | $0.43 |
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 | $43.9M | ||
| Q3 25 | $9.0M | $41.0M | ||
| Q2 25 | $17.1M | $37.9M | ||
| Q1 25 | $4.2M | $38.0M | ||
| Q4 24 | $5.0M | $40.8M | ||
| Q3 24 | $6.5M | $38.6M | ||
| Q2 24 | $7.3M | $37.6M | ||
| Q1 24 | $10.0M | $37.2M |
| Q4 25 | $-8.9M | $22.8M | ||
| Q3 25 | $-57.1M | $18.3M | ||
| Q2 25 | $-34.7M | $5.1M | ||
| Q1 25 | $-45.6M | $3.7M | ||
| Q4 24 | — | $17.3M | ||
| Q3 24 | $-51.1M | $7.6M | ||
| Q2 24 | $-36.9M | $2.6M | ||
| Q1 24 | $-40.6M | $9.3M |
| Q4 25 | -63.7% | 53.0% | ||
| Q3 25 | -851.8% | 45.5% | ||
| Q2 25 | -290.2% | 13.8% | ||
| Q1 25 | -1479.6% | 10.2% | ||
| Q4 24 | — | 43.3% | ||
| Q3 24 | -1439.4% | 20.3% | ||
| Q2 24 | -1276.2% | 7.2% | ||
| Q1 24 | -551.5% | 25.9% |
| Q4 25 | -19.9% | 52.0% | ||
| Q3 25 | -637.8% | 44.7% | ||
| Q2 25 | -203.3% | 13.3% | ||
| Q1 25 | -1077.2% | 9.7% | ||
| Q4 24 | — | 42.5% | ||
| Q3 24 | -785.4% | 19.7% | ||
| Q2 24 | -504.3% | 6.9% | ||
| Q1 24 | -408.0% | 25.1% |
| Q4 25 | $-0.03 | $0.43 | ||
| Q3 25 | $-0.19 | $0.35 | ||
| Q2 25 | $-0.12 | $0.10 | ||
| Q1 25 | $-0.15 | $0.07 | ||
| Q4 24 | — | $0.34 | ||
| Q3 24 | $-0.17 | $0.15 | ||
| Q2 24 | $-0.13 | $0.05 | ||
| Q1 24 | $-0.14 | $0.18 |
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 | $4.9M |
| Total DebtLower is stronger | — | $649.4M |
| Stockholders' EquityBook value | $966.9M | $458.1M |
| Total Assets | $1.4B | $1.2B |
| Debt / EquityLower = less leverage | — | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $128.5M | $4.9M | ||
| Q3 25 | $83.2M | $6.8M | ||
| Q2 25 | $92.4M | $5.3M | ||
| Q1 25 | $159.3M | $5.6M | ||
| Q4 24 | $156.3M | $5.2M | ||
| Q3 24 | $126.6M | $2.5M | ||
| Q2 24 | $148.3M | $3.2M | ||
| Q1 24 | $123.6M | $6.2M |
| Q4 25 | — | $649.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $632.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $966.9M | $458.1M | ||
| Q3 25 | $964.0M | $439.5M | ||
| Q2 25 | $1.0B | $427.5M | ||
| Q1 25 | $1.0B | $431.0M | ||
| Q4 24 | $1.1B | $438.2M | ||
| Q3 24 | $1.1B | $419.5M | ||
| Q2 24 | $1.1B | $418.3M | ||
| Q1 24 | $1.1B | $421.6M |
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.1B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.4B | $1.1B | ||
| Q3 24 | $1.4B | $1.1B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.5B | $1.1B |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.44× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $50.8M |
| Free Cash FlowOCF − Capex | $-44.6M | $50.5M |
| FCF MarginFCF / Revenue | -99.4% | 114.9% |
| Capex IntensityCapex / Revenue | 21.9% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-174.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-34.7M | $50.8M | ||
| Q3 25 | $-52.6M | $18.0M | ||
| Q2 25 | $-32.4M | $13.8M | ||
| Q1 25 | $-11.6M | $3.1M | ||
| Q4 24 | $-108.6M | $58.2M | ||
| Q3 24 | $-28.9M | $16.4M | ||
| Q2 24 | $-30.0M | $12.3M | ||
| Q1 24 | $-41.7M | $11.5M |
| Q4 25 | $-44.6M | $50.5M | ||
| Q3 25 | $-61.5M | — | ||
| Q2 25 | $-45.8M | — | ||
| Q1 25 | $-22.2M | — | ||
| Q4 24 | $-187.0M | $58.0M | ||
| Q3 24 | $-47.4M | — | ||
| Q2 24 | $-50.1M | — | ||
| Q1 24 | $-65.8M | — |
| Q4 25 | -99.4% | 114.9% | ||
| Q3 25 | -687.0% | — | ||
| Q2 25 | -267.9% | — | ||
| Q1 25 | -524.0% | — | ||
| Q4 24 | -3702.8% | 142.1% | ||
| Q3 24 | -728.4% | — | ||
| Q2 24 | -683.8% | — | ||
| Q1 24 | -661.5% | — |
| Q4 25 | 21.9% | 0.7% | ||
| Q3 25 | 99.7% | — | ||
| Q2 25 | 78.2% | — | ||
| Q1 25 | 251.1% | — | ||
| Q4 24 | 1552.7% | 0.5% | ||
| Q3 24 | 284.6% | — | ||
| Q2 24 | 274.6% | — | ||
| Q1 24 | 242.5% | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | — | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
