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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and ESPEY MFG & ELECTRONICS CORP (ESP). Click either name above to swap in a different company.

ESPEY MFG & ELECTRONICS CORP is the larger business by last-quarter revenue ($12.1M vs $10.7M, roughly 1.1× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs 23.1%, a 0.4% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs -10.8%). Over the past eight quarters, ESPEY MFG & ELECTRONICS CORP's revenue compounded faster (21.3% CAGR vs -13.2%).

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

ESPEY MFG & ELECTRONICS CORP is a US-based manufacturer specializing in high-reliability power supplies, power conversion systems and specialized electronic components. It serves aerospace, defense, industrial and transportation sectors, delivering custom solutions for harsh environments to OEMs and government contractors across North America and select global markets.

ABUS vs ESP — Head-to-Head

Bigger by revenue
ESP
ESP
1.1× larger
ESP
$12.1M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+533.0% gap
ABUS
522.2%
-10.8%
ESP
Higher net margin
ABUS
ABUS
0.4% more per $
ABUS
23.5%
23.1%
ESP
Faster 2-yr revenue CAGR
ESP
ESP
Annualised
ESP
21.3%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q2 FY2026

Metric
ABUS
ABUS
ESP
ESP
Revenue
$10.7M
$12.1M
Net Profit
$2.5M
$2.8M
Gross Margin
34.7%
Operating Margin
13.9%
25.3%
Net Margin
23.5%
23.1%
Revenue YoY
522.2%
-10.8%
Net Profit YoY
112.7%
47.0%
EPS (diluted)
$0.01
$0.99

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
ABUS
ABUS
ESP
ESP
Q4 25
$12.1M
Q3 25
$9.1M
Q2 25
$10.7M
$9.6M
Q1 25
$10.3M
Q4 24
$13.6M
Q3 24
$10.4M
Q2 24
$11.6M
Q1 24
$8.3M
Net Profit
ABUS
ABUS
ESP
ESP
Q4 25
$2.8M
Q3 25
$2.2M
Q2 25
$2.5M
$2.9M
Q1 25
$1.7M
Q4 24
$1.9M
Q3 24
$1.6M
Q2 24
$1.9M
Q1 24
$1.0M
Gross Margin
ABUS
ABUS
ESP
ESP
Q4 25
34.7%
Q3 25
35.4%
Q2 25
39.3%
Q1 25
28.6%
Q4 24
23.2%
Q3 24
26.8%
Q2 24
27.6%
Q1 24
25.0%
Operating Margin
ABUS
ABUS
ESP
ESP
Q4 25
25.3%
Q3 25
22.7%
Q2 25
13.9%
27.4%
Q1 25
17.0%
Q4 24
14.9%
Q3 24
16.5%
Q2 24
18.4%
Q1 24
13.2%
Net Margin
ABUS
ABUS
ESP
ESP
Q4 25
23.1%
Q3 25
23.9%
Q2 25
23.5%
30.6%
Q1 25
16.5%
Q4 24
14.0%
Q3 24
15.3%
Q2 24
16.3%
Q1 24
12.5%
EPS (diluted)
ABUS
ABUS
ESP
ESP
Q4 25
$0.99
Q3 25
$0.76
Q2 25
$0.01
$1.07
Q1 25
$0.63
Q4 24
$0.71
Q3 24
$0.61
Q2 24
$0.73
Q1 24
$0.40

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
ESP
ESP
Cash + ST InvestmentsLiquidity on hand
$37.4M
$17.8M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$53.2M
Total Assets
$103.3M
$85.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
ESP
ESP
Q4 25
$17.8M
Q3 25
$22.2M
Q2 25
$37.4M
$18.9M
Q1 25
$13.9M
Q4 24
$8.0M
Q3 24
$4.8M
Q2 24
$4.4M
Q1 24
$5.6M
Total Debt
ABUS
ABUS
ESP
ESP
Q4 25
Q3 25
Q2 25
$0
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ABUS
ABUS
ESP
ESP
Q4 25
$53.2M
Q3 25
$51.0M
Q2 25
$83.0M
$50.8M
Q1 25
$46.3M
Q4 24
$44.8M
Q3 24
$42.5M
Q2 24
$41.3M
Q1 24
$39.3M
Total Assets
ABUS
ABUS
ESP
ESP
Q4 25
$85.2M
Q3 25
$84.8M
Q2 25
$103.3M
$79.1M
Q1 25
$72.8M
Q4 24
$60.2M
Q3 24
$57.6M
Q2 24
$56.5M
Q1 24
$53.1M
Debt / Equity
ABUS
ABUS
ESP
ESP
Q4 25
Q3 25
Q2 25
0.00×
Q1 25
Q4 24
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
ABUS
ABUS
ESP
ESP
Operating Cash FlowLast quarter
$-15.7M
$-2.8M
Free Cash FlowOCF − Capex
$-4.1M
FCF MarginFCF / Revenue
-34.1%
Capex IntensityCapex / Revenue
0.0%
10.9%
Cash ConversionOCF / Net Profit
-6.24×
-1.00×
TTM Free Cash FlowTrailing 4 quarters
$11.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
ESP
ESP
Q4 25
$-2.8M
Q3 25
$5.7M
Q2 25
$-15.7M
$2.8M
Q1 25
$11.5M
Q4 24
$5.4M
Q3 24
$1.4M
Q2 24
$3.2M
Q1 24
$1.4M
Free Cash Flow
ABUS
ABUS
ESP
ESP
Q4 25
$-4.1M
Q3 25
$4.4M
Q2 25
$915.3K
Q1 25
$10.5M
Q4 24
$4.5M
Q3 24
$724.8K
Q2 24
$2.6M
Q1 24
$379.1K
FCF Margin
ABUS
ABUS
ESP
ESP
Q4 25
-34.1%
Q3 25
48.7%
Q2 25
9.5%
Q1 25
101.8%
Q4 24
33.0%
Q3 24
6.9%
Q2 24
22.2%
Q1 24
4.6%
Capex Intensity
ABUS
ABUS
ESP
ESP
Q4 25
10.9%
Q3 25
14.2%
Q2 25
0.0%
19.3%
Q1 25
9.3%
Q4 24
6.5%
Q3 24
6.4%
Q2 24
5.7%
Q1 24
12.5%
Cash Conversion
ABUS
ABUS
ESP
ESP
Q4 25
-1.00×
Q3 25
2.64×
Q2 25
-6.24×
0.95×
Q1 25
6.72×
Q4 24
2.82×
Q3 24
0.87×
Q2 24
1.71×
Q1 24
1.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ABUS
ABUS

Segment breakdown not available.

ESP
ESP

ASC606$11.3M93%
Other$855.0K7%

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