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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and enCore Energy Corp. (EU). Click either name above to swap in a different company.

enCore Energy Corp. is the larger business by last-quarter revenue ($12.4M vs $10.7M, roughly 1.2× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -173.9%, a 197.4% gap on every dollar of revenue.

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.

Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.

ABUS vs EU — Head-to-Head

Bigger by revenue
EU
EU
1.2× larger
EU
$12.4M
$10.7M
ABUS
Higher net margin
ABUS
ABUS
197.4% more per $
ABUS
23.5%
-173.9%
EU

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
EU
EU
Revenue
$10.7M
$12.4M
Net Profit
$2.5M
$-21.5M
Gross Margin
37.9%
Operating Margin
13.9%
-135.9%
Net Margin
23.5%
-173.9%
Revenue YoY
522.2%
Net Profit YoY
112.7%
EPS (diluted)
$0.01
$-0.11

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
EU
EU
Q4 25
$12.4M
Q3 25
$8.9M
Q2 25
$10.7M
$3.7M
Q1 25
$18.2M
Q4 23
$2.1M
Q3 23
$4.7M
Q2 23
$4.7M
Q1 23
$6.7M
Net Profit
ABUS
ABUS
EU
EU
Q4 25
$-21.5M
Q3 25
$-4.8M
Q2 25
$2.5M
$-6.3M
Q1 25
$-24.2M
Q4 23
Q3 23
$-20.1M
Q2 23
$-17.1M
Q1 23
$-16.3M
Gross Margin
ABUS
ABUS
EU
EU
Q4 25
37.9%
Q3 25
43.8%
Q2 25
30.8%
Q1 25
-0.1%
Q4 23
Q3 23
Q2 23
Q1 23
Operating Margin
ABUS
ABUS
EU
EU
Q4 25
-135.9%
Q3 25
-158.2%
Q2 25
13.9%
-526.1%
Q1 25
-85.7%
Q4 23
-967.2%
Q3 23
-462.8%
Q2 23
-395.3%
Q1 23
-260.4%
Net Margin
ABUS
ABUS
EU
EU
Q4 25
-173.9%
Q3 25
-53.7%
Q2 25
23.5%
-172.7%
Q1 25
-132.9%
Q4 23
Q3 23
-431.6%
Q2 23
-367.5%
Q1 23
-244.3%
EPS (diluted)
ABUS
ABUS
EU
EU
Q4 25
$-0.11
Q3 25
$-0.03
Q2 25
$0.01
$-0.03
Q1 25
$-0.13
Q4 23
$-0.12
Q3 23
$-0.12
Q2 23
$-0.10
Q1 23
$-0.10

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
EU
EU
Cash + ST InvestmentsLiquidity on hand
$37.4M
$52.4M
Total DebtLower is stronger
$0
$110.0M
Stockholders' EquityBook value
$83.0M
$229.2M
Total Assets
$103.3M
$430.4M
Debt / EquityLower = less leverage
0.00×
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
EU
EU
Q4 25
$52.4M
Q3 25
$91.9M
Q2 25
$37.4M
$26.9M
Q1 25
$29.7M
Q4 23
$126.0M
Q3 23
$17.5M
Q2 23
$27.2M
Q1 23
$40.6M
Total Debt
ABUS
ABUS
EU
EU
Q4 25
$110.0M
Q3 25
$109.3M
Q2 25
$0
Q1 25
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q1 23
$0
Stockholders' Equity
ABUS
ABUS
EU
EU
Q4 25
$229.2M
Q3 25
$248.6M
Q2 25
$83.0M
$264.7M
Q1 25
$267.9M
Q4 23
$106.0M
Q3 23
$119.3M
Q2 23
$134.7M
Q1 23
$143.9M
Total Assets
ABUS
ABUS
EU
EU
Q4 25
$430.4M
Q3 25
$441.9M
Q2 25
$103.3M
$359.4M
Q1 25
$362.6M
Q4 23
$144.4M
Q3 23
$158.6M
Q2 23
$176.8M
Q1 23
$191.2M
Debt / Equity
ABUS
ABUS
EU
EU
Q4 25
0.48×
Q3 25
0.44×
Q2 25
0.00×
Q1 25
Q4 23
0.00×
Q3 23
0.00×
Q2 23
0.00×
Q1 23
0.00×

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
EU
EU
Operating Cash FlowLast quarter
$-15.7M
$12.9M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
57.8%
Capex IntensityCapex / Revenue
0.0%
46.7%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters
$-45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
EU
EU
Q4 25
$12.9M
Q3 25
$-20.3M
Q2 25
$-15.7M
$-9.9M
Q1 25
$-7.7M
Q4 23
$-17.3M
Q3 23
$-21.8M
Q2 23
$-19.6M
Q1 23
$-27.3M
Free Cash Flow
ABUS
ABUS
EU
EU
Q4 25
$7.2M
Q3 25
$-26.3M
Q2 25
$-14.1M
Q1 25
$-11.7M
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
Q1 23
$-27.4M
FCF Margin
ABUS
ABUS
EU
EU
Q4 25
57.8%
Q3 25
-296.6%
Q2 25
-385.2%
Q1 25
-64.1%
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
Q1 23
-410.0%
Capex Intensity
ABUS
ABUS
EU
EU
Q4 25
46.7%
Q3 25
68.0%
Q2 25
0.0%
115.1%
Q1 25
21.7%
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
Q1 23
1.7%
Cash Conversion
ABUS
ABUS
EU
EU
Q4 25
Q3 25
Q2 25
-6.24×
Q1 25
Q4 23
Q3 23
Q2 23
Q1 23

Financial Flow Comparison

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

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