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

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $10.7M, roughly 1.5× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs 12.0%, a 11.5% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs 1.1%). Over the past eight quarters, Arbutus Biopharma Corp's revenue compounded faster (-13.2% CAGR vs -19.1%).

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.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

ABUS vs FNWD — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.5× larger
FNWD
$16.5M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+521.1% gap
ABUS
522.2%
1.1%
FNWD
Higher net margin
ABUS
ABUS
11.5% more per $
ABUS
23.5%
12.0%
FNWD
Faster 2-yr revenue CAGR
ABUS
ABUS
Annualised
ABUS
-13.2%
-19.1%
FNWD

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
FNWD
FNWD
Revenue
$10.7M
$16.5M
Net Profit
$2.5M
$2.0M
Gross Margin
Operating Margin
13.9%
11.0%
Net Margin
23.5%
12.0%
Revenue YoY
522.2%
1.1%
Net Profit YoY
112.7%
-5.6%
EPS (diluted)
$0.01
$0.46

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
FNWD
FNWD
Q4 25
$16.5M
Q3 25
$17.4M
Q2 25
$10.7M
$16.6M
Q1 25
$15.5M
Q4 24
$16.3M
Q3 24
$14.9M
Q2 24
$14.6M
Q1 24
$25.3M
Net Profit
ABUS
ABUS
FNWD
FNWD
Q4 25
$2.0M
Q3 25
$3.5M
Q2 25
$2.5M
$2.2M
Q1 25
$455.0K
Q4 24
$2.1M
Q3 24
$606.0K
Q2 24
$143.0K
Q1 24
$9.3M
Operating Margin
ABUS
ABUS
FNWD
FNWD
Q4 25
11.0%
Q3 25
20.5%
Q2 25
13.9%
12.7%
Q1 25
4.0%
Q4 24
16.3%
Q3 24
2.7%
Q2 24
0.9%
Q1 24
40.6%
Net Margin
ABUS
ABUS
FNWD
FNWD
Q4 25
12.0%
Q3 25
20.1%
Q2 25
23.5%
12.9%
Q1 25
2.9%
Q4 24
12.9%
Q3 24
4.1%
Q2 24
1.0%
Q1 24
36.7%
EPS (diluted)
ABUS
ABUS
FNWD
FNWD
Q4 25
$0.46
Q3 25
$0.81
Q2 25
$0.01
$0.50
Q1 25
$0.11
Q4 24
$0.50
Q3 24
$0.14
Q2 24
$0.03
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$37.4M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$174.7M
Total Assets
$103.3M
$2.0B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
FNWD
FNWD
Q4 25
Q3 25
Q2 25
$37.4M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ABUS
ABUS
FNWD
FNWD
Q4 25
Q3 25
Q2 25
$0
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ABUS
ABUS
FNWD
FNWD
Q4 25
$174.7M
Q3 25
$165.5M
Q2 25
$83.0M
$154.3M
Q1 25
$151.8M
Q4 24
$151.4M
Q3 24
$159.6M
Q2 24
$148.6M
Q1 24
$151.6M
Total Assets
ABUS
ABUS
FNWD
FNWD
Q4 25
$2.0B
Q3 25
$2.1B
Q2 25
$103.3M
$2.1B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B
Debt / Equity
ABUS
ABUS
FNWD
FNWD
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
FNWD
FNWD
Operating Cash FlowLast quarter
$-15.7M
$9.9M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
54.8%
Capex IntensityCapex / Revenue
0.0%
5.2%
Cash ConversionOCF / Net Profit
-6.24×
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
FNWD
FNWD
Q4 25
$9.9M
Q3 25
$1.2M
Q2 25
$-15.7M
$4.8M
Q1 25
$-3.8M
Q4 24
$9.8M
Q3 24
$-3.7M
Q2 24
$2.8M
Q1 24
$-25.0K
Free Cash Flow
ABUS
ABUS
FNWD
FNWD
Q4 25
$9.0M
Q3 25
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$1.1M
Q1 24
$-736.0K
FCF Margin
ABUS
ABUS
FNWD
FNWD
Q4 25
54.8%
Q3 25
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
7.6%
Q1 24
-2.9%
Capex Intensity
ABUS
ABUS
FNWD
FNWD
Q4 25
5.2%
Q3 25
0.9%
Q2 25
0.0%
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
11.2%
Q1 24
2.8%
Cash Conversion
ABUS
ABUS
FNWD
FNWD
Q4 25
4.99×
Q3 25
0.34×
Q2 25
-6.24×
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

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