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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI). Click either name above to swap in a different company.

Arbutus Biopharma Corp is the larger business by last-quarter revenue ($10.7M vs $9.1M, roughly 1.2× FLEXIBLE SOLUTIONS INTERNATIONAL INC). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -5.1%, a 28.5% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs -0.5%). Over the past eight quarters, FLEXIBLE SOLUTIONS INTERNATIONAL INC's revenue compounded faster (-0.6% 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.

Flexible Solutions International Inc develops and manufactures specialty chemicals for water conservation, energy efficiency, and agricultural use. Core products include water body evaporative reduction solutions, farm crop yield additives, and swimming pool heat retention products, serving customers across North America and global agricultural markets.

ABUS vs FSI — Head-to-Head

Bigger by revenue
ABUS
ABUS
1.2× larger
ABUS
$10.7M
$9.1M
FSI
Growing faster (revenue YoY)
ABUS
ABUS
+522.7% gap
ABUS
522.2%
-0.5%
FSI
Higher net margin
ABUS
ABUS
28.5% more per $
ABUS
23.5%
-5.1%
FSI
Faster 2-yr revenue CAGR
FSI
FSI
Annualised
FSI
-0.6%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
ABUS
ABUS
FSI
FSI
Revenue
$10.7M
$9.1M
Net Profit
$2.5M
$-460.9K
Gross Margin
29.4%
Operating Margin
13.9%
11.6%
Net Margin
23.5%
-5.1%
Revenue YoY
522.2%
-0.5%
Net Profit YoY
112.7%
-167.8%
EPS (diluted)
$0.01
$-0.03

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
FSI
FSI
Q4 25
$9.1M
Q3 25
$10.6M
Q2 25
$10.7M
$11.4M
Q1 25
$7.5M
Q4 24
$9.2M
Q3 24
$9.3M
Q2 24
$10.5M
Q1 24
$9.2M
Net Profit
ABUS
ABUS
FSI
FSI
Q4 25
$-460.9K
Q3 25
$-503.4K
Q2 25
$2.5M
$2.0M
Q1 25
$-277.7K
Q4 24
$679.6K
Q3 24
$611.9K
Q2 24
$1.3M
Q1 24
$457.2K
Gross Margin
ABUS
ABUS
FSI
FSI
Q4 25
29.4%
Q3 25
23.9%
Q2 25
47.4%
Q1 25
26.1%
Q4 24
29.2%
Q3 24
40.9%
Q2 24
37.4%
Q1 24
30.6%
Operating Margin
ABUS
ABUS
FSI
FSI
Q4 25
11.6%
Q3 25
2.9%
Q2 25
13.9%
29.0%
Q1 25
-0.9%
Q4 24
9.4%
Q3 24
20.5%
Q2 24
18.7%
Q1 24
8.3%
Net Margin
ABUS
ABUS
FSI
FSI
Q4 25
-5.1%
Q3 25
-4.8%
Q2 25
23.5%
17.8%
Q1 25
-3.7%
Q4 24
7.4%
Q3 24
6.6%
Q2 24
12.3%
Q1 24
5.0%
EPS (diluted)
ABUS
ABUS
FSI
FSI
Q4 25
$-0.03
Q3 25
$-0.04
Q2 25
$0.01
$0.15
Q1 25
$-0.02
Q4 24
$0.05
Q3 24
$0.05
Q2 24
$0.10
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
FSI
FSI
Cash + ST InvestmentsLiquidity on hand
$37.4M
Total DebtLower is stronger
$0
$4.4M
Stockholders' EquityBook value
$83.0M
$38.9M
Total Assets
$103.3M
$61.8M
Debt / EquityLower = less leverage
0.00×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
FSI
FSI
Q4 25
Q3 25
Q2 25
$37.4M
$10.0M
Q1 25
$11.0M
Q4 24
$10.0M
Q3 24
$13.0M
Q2 24
$9.2M
Q1 24
$8.3M
Total Debt
ABUS
ABUS
FSI
FSI
Q4 25
$4.4M
Q3 25
$7.1M
Q2 25
$0
$7.5M
Q1 25
$8.1M
Q4 24
$8.8M
Q3 24
$9.4M
Q2 24
$8.3M
Q1 24
$8.0M
Stockholders' Equity
ABUS
ABUS
FSI
FSI
Q4 25
$38.9M
Q3 25
$39.0M
Q2 25
$83.0M
$39.4M
Q1 25
$38.4M
Q4 24
$38.0M
Q3 24
$36.9M
Q2 24
$36.2M
Q1 24
$36.0M
Total Assets
ABUS
ABUS
FSI
FSI
Q4 25
$61.8M
Q3 25
$58.4M
Q2 25
$103.3M
$58.2M
Q1 25
$61.7M
Q4 24
$60.0M
Q3 24
$57.8M
Q2 24
$56.3M
Q1 24
$57.6M
Debt / Equity
ABUS
ABUS
FSI
FSI
Q4 25
0.11×
Q3 25
0.18×
Q2 25
0.00×
0.19×
Q1 25
0.21×
Q4 24
0.23×
Q3 24
0.25×
Q2 24
0.23×
Q1 24
0.22×

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
FSI
FSI
Operating Cash FlowLast quarter
$-15.7M
$-3.0M
Free Cash FlowOCF − Capex
$-4.0M
FCF MarginFCF / Revenue
-44.3%
Capex IntensityCapex / Revenue
0.0%
11.7%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters
$-591.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
FSI
FSI
Q4 25
$-3.0M
Q3 25
$2.0M
Q2 25
$-15.7M
$5.3M
Q1 25
$-544.3K
Q4 24
$-2.2M
Q3 24
$2.5M
Q2 24
$5.9M
Q1 24
$-604.8K
Free Cash Flow
ABUS
ABUS
FSI
FSI
Q4 25
$-4.0M
Q3 25
$39.4K
Q2 25
$4.3M
Q1 25
$-898.4K
Q4 24
$-4.3M
Q3 24
$1.3M
Q2 24
$4.7M
Q1 24
$-1.1M
FCF Margin
ABUS
ABUS
FSI
FSI
Q4 25
-44.3%
Q3 25
0.4%
Q2 25
37.9%
Q1 25
-12.0%
Q4 24
-47.0%
Q3 24
13.6%
Q2 24
44.9%
Q1 24
-11.7%
Capex Intensity
ABUS
ABUS
FSI
FSI
Q4 25
11.7%
Q3 25
18.7%
Q2 25
0.0%
8.6%
Q1 25
4.7%
Q4 24
22.8%
Q3 24
13.0%
Q2 24
11.3%
Q1 24
5.2%
Cash Conversion
ABUS
ABUS
FSI
FSI
Q4 25
Q3 25
Q2 25
-6.24×
2.60×
Q1 25
Q4 24
-3.27×
Q3 24
4.05×
Q2 24
4.59×
Q1 24
-1.32×

Financial Flow Comparison

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

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