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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $10.7M, roughly 1.8× Arbutus Biopharma Corp). Arbutus Biopharma Corp runs the higher net margin — 23.5% vs -82.3%, a 105.8% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs -28.0%).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

ABUS vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.8× larger
USAS
$19.1M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+550.2% gap
ABUS
522.2%
-28.0%
USAS
Higher net margin
ABUS
ABUS
105.8% more per $
ABUS
23.5%
-82.3%
USAS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ABUS
ABUS
USAS
USAS
Revenue
$10.7M
$19.1M
Net Profit
$2.5M
$-15.7M
Gross Margin
34.2%
Operating Margin
13.9%
Net Margin
23.5%
-82.3%
Revenue YoY
522.2%
-28.0%
Net Profit YoY
112.7%
2.8%
EPS (diluted)
$0.01

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
USAS
USAS
Q3 25
$19.1M
Q2 25
$10.7M
Q3 24
$26.5M
Q4 23
$2.1M
Q3 23
$4.7M
Q2 23
$4.7M
Q1 23
$6.7M
Q4 22
$6.2M
Net Profit
ABUS
ABUS
USAS
USAS
Q3 25
$-15.7M
Q2 25
$2.5M
Q3 24
$-16.2M
Q4 23
Q3 23
$-20.1M
Q2 23
$-17.1M
Q1 23
$-16.3M
Q4 22
$-21.9M
Gross Margin
ABUS
ABUS
USAS
USAS
Q3 25
34.2%
Q2 25
Q3 24
23.6%
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22
Operating Margin
ABUS
ABUS
USAS
USAS
Q3 25
Q2 25
13.9%
Q3 24
Q4 23
-967.2%
Q3 23
-462.8%
Q2 23
-395.3%
Q1 23
-260.4%
Q4 22
-361.3%
Net Margin
ABUS
ABUS
USAS
USAS
Q3 25
-82.3%
Q2 25
23.5%
Q3 24
-60.9%
Q4 23
Q3 23
-431.6%
Q2 23
-367.5%
Q1 23
-244.3%
Q4 22
-351.2%
EPS (diluted)
ABUS
ABUS
USAS
USAS
Q3 25
Q2 25
$0.01
Q3 24
Q4 23
$-0.12
Q3 23
$-0.12
Q2 23
$-0.10
Q1 23
$-0.10
Q4 22
$-0.13

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$37.4M
$39.1M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$50.2M
Total Assets
$103.3M
$234.7M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
USAS
USAS
Q3 25
$39.1M
Q2 25
$37.4M
Q3 24
Q4 23
$126.0M
Q3 23
$17.5M
Q2 23
$27.2M
Q1 23
$40.6M
Q4 22
$146.9M
Total Debt
ABUS
ABUS
USAS
USAS
Q3 25
Q2 25
$0
Q3 24
Q4 23
$0
Q3 23
$0
Q2 23
$0
Q1 23
$0
Q4 22
$0
Stockholders' Equity
ABUS
ABUS
USAS
USAS
Q3 25
$50.2M
Q2 25
$83.0M
Q3 24
$53.1M
Q4 23
$106.0M
Q3 23
$119.3M
Q2 23
$134.7M
Q1 23
$143.9M
Q4 22
$136.9M
Total Assets
ABUS
ABUS
USAS
USAS
Q3 25
$234.7M
Q2 25
$103.3M
Q3 24
Q4 23
$144.4M
Q3 23
$158.6M
Q2 23
$176.8M
Q1 23
$191.2M
Q4 22
$195.4M
Debt / Equity
ABUS
ABUS
USAS
USAS
Q3 25
Q2 25
0.00×
Q3 24
Q4 23
0.00×
Q3 23
0.00×
Q2 23
0.00×
Q1 23
0.00×
Q4 22
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
USAS
USAS
Operating Cash FlowLast quarter
$-15.7M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
0.0%
150.8%
Cash ConversionOCF / Net Profit
-6.24×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
USAS
USAS
Q3 25
$-12.5M
Q2 25
$-15.7M
Q3 24
$2.4M
Q4 23
$-17.3M
Q3 23
$-21.8M
Q2 23
$-19.6M
Q1 23
$-27.3M
Q4 22
$-17.0M
Free Cash Flow
ABUS
ABUS
USAS
USAS
Q3 25
$-41.3M
Q2 25
Q3 24
$-11.2M
Q4 23
Q3 23
$-21.8M
Q2 23
$-20.4M
Q1 23
$-27.4M
Q4 22
$-17.1M
FCF Margin
ABUS
ABUS
USAS
USAS
Q3 25
-216.5%
Q2 25
Q3 24
-42.2%
Q4 23
Q3 23
-468.4%
Q2 23
-439.0%
Q1 23
-410.0%
Q4 22
-274.2%
Capex Intensity
ABUS
ABUS
USAS
USAS
Q3 25
150.8%
Q2 25
0.0%
Q3 24
51.2%
Q4 23
0.0%
Q3 23
0.7%
Q2 23
18.5%
Q1 23
1.7%
Q4 22
2.1%
Cash Conversion
ABUS
ABUS
USAS
USAS
Q3 25
Q2 25
-6.24×
Q3 24
Q4 23
Q3 23
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

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