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Side-by-side financial comparison of Aclaris Therapeutics, Inc. (ACRS) and TMC the metals Co Inc. (TMC). Click either name above to swap in a different company.

Aclaris Therapeutics, Inc. is the larger business by last-quarter revenue ($1.3M vs $1.3M, roughly 1.0× TMC the metals Co Inc.). On growth, TMC the metals Co Inc. posted the faster year-over-year revenue change (2425.5% vs -85.9%). TMC the metals Co Inc. produced more free cash flow last quarter ($-11.5M vs $-47.2M). Over the past eight quarters, TMC the metals Co Inc.'s revenue compounded faster (159.0% CAGR vs -26.5%).

Aclaris Therapeutics, Inc. is a clinical-stage biopharmaceutical firm focused on developing targeted therapies for immunological, inflammatory, and dermatological diseases. Its pipeline includes candidates for unmet needs like alopecia areata and vitiligo, serving global patient groups.

The Metals Company, formerly DeepGreen Metals, is a Canadian deep sea mining exploration company. The company focuses on the mining of polymetallic nodules in the Clarion Clipperton Zone of the Pacific.

ACRS vs TMC — Head-to-Head

Bigger by revenue
ACRS
ACRS
1.0× larger
ACRS
$1.3M
$1.3M
TMC
Growing faster (revenue YoY)
TMC
TMC
+2511.4% gap
TMC
2425.5%
-85.9%
ACRS
More free cash flow
TMC
TMC
$35.8M more FCF
TMC
$-11.5M
$-47.2M
ACRS
Faster 2-yr revenue CAGR
TMC
TMC
Annualised
TMC
159.0%
-26.5%
ACRS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACRS
ACRS
TMC
TMC
Revenue
$1.3M
$1.3M
Net Profit
$-40.4M
Gross Margin
58.9%
Operating Margin
-3470.9%
Net Margin
-3136.5%
Revenue YoY
-85.9%
2425.5%
Net Profit YoY
79.5%
-151.5%
EPS (diluted)
$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
ACRS
ACRS
TMC
TMC
Q4 25
$1.3M
$1.3M
Q3 25
$3.3M
$1.3M
Q2 25
$1.8M
Q1 25
$1.5M
Q4 24
$9.2M
Q3 24
$4.3M
Q2 24
$2.8M
Q1 24
$2.4M
Net Profit
ACRS
ACRS
TMC
TMC
Q4 25
$-40.4M
Q3 25
$-14.6M
$-184.5M
Q2 25
$-15.4M
Q1 25
$-15.1M
Q4 24
$-96.6M
Q3 24
$-7.6M
Q2 24
$-11.0M
Q1 24
$-16.9M
Gross Margin
ACRS
ACRS
TMC
TMC
Q4 25
58.9%
Q3 25
83.7%
Q2 25
71.0%
Q1 25
65.2%
Q4 24
92.3%
Q3 24
85.0%
Q2 24
77.4%
Q1 24
66.3%
Operating Margin
ACRS
ACRS
TMC
TMC
Q4 25
-3470.9%
Q3 25
-519.8%
-4134.4%
Q2 25
-1035.9%
Q1 25
-1242.9%
Q4 24
-1082.3%
Q3 24
-240.9%
Q2 24
-464.7%
Q1 24
-789.4%
Net Margin
ACRS
ACRS
TMC
TMC
Q4 25
-3136.5%
Q3 25
-443.0%
-13780.2%
Q2 25
-868.3%
Q1 25
-1036.8%
Q4 24
-1048.3%
Q3 24
-174.6%
Q2 24
-397.2%
Q1 24
-706.5%
EPS (diluted)
ACRS
ACRS
TMC
TMC
Q4 25
$0.11
Q3 25
$-0.12
$0.46
Q2 25
$-0.13
Q1 25
$-0.12
Q4 24
$-1.21
Q3 24
$-0.11
Q2 24
$-0.15
Q1 24
$-0.24

Balance Sheet & Financial Strength

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

Metric
ACRS
ACRS
TMC
TMC
Cash + ST InvestmentsLiquidity on hand
$20.0M
$117.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$103.1M
$-33.4M
Total Assets
$160.5M
$181.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACRS
ACRS
TMC
TMC
Q4 25
$20.0M
$117.6M
Q3 25
$25.3M
$115.6M
Q2 25
$25.4M
Q1 25
$30.4M
Q4 24
$24.6M
Q3 24
$47.7M
Q2 24
$22.8M
Q1 24
$35.8M
Stockholders' Equity
ACRS
ACRS
TMC
TMC
Q4 25
$103.1M
$-33.4M
Q3 25
$120.1M
$-40.6M
Q2 25
$131.7M
Q1 25
$144.1M
Q4 24
$155.6M
Q3 24
$130.2M
Q2 24
$133.8M
Q1 24
$142.0M
Total Assets
ACRS
ACRS
TMC
TMC
Q4 25
$160.5M
$181.6M
Q3 25
$175.5M
$175.6M
Q2 25
$189.1M
Q1 25
$198.1M
Q4 24
$220.3M
Q3 24
$182.4M
Q2 24
$161.1M
Q1 24
$174.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACRS
ACRS
TMC
TMC
Operating Cash FlowLast quarter
$-47.1M
$-11.4M
Free Cash FlowOCF − Capex
$-47.2M
$-11.5M
FCF MarginFCF / Revenue
-3646.6%
-889.8%
Capex IntensityCapex / Revenue
8.6%
8.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-81.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACRS
ACRS
TMC
TMC
Q4 25
$-47.1M
$-11.4M
Q3 25
$-10.9M
$-11.5M
Q2 25
$-10.0M
Q1 25
$-13.1M
Q4 24
$-8.9M
Q3 24
$22.0M
Q2 24
$-12.3M
Q1 24
$-20.8M
Free Cash Flow
ACRS
ACRS
TMC
TMC
Q4 25
$-47.2M
$-11.5M
Q3 25
$-11.0M
$-11.5M
Q2 25
$-10.0M
Q1 25
$-13.1M
Q4 24
Q3 24
Q2 24
$-12.3M
Q1 24
$-20.9M
FCF Margin
ACRS
ACRS
TMC
TMC
Q4 25
-3646.6%
-889.8%
Q3 25
-332.1%
-859.4%
Q2 25
-563.5%
Q1 25
-900.3%
Q4 24
Q3 24
Q2 24
-446.0%
Q1 24
-873.6%
Capex Intensity
ACRS
ACRS
TMC
TMC
Q4 25
8.6%
8.2%
Q3 25
0.7%
1.5%
Q2 25
1.2%
Q1 25
3.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.5%
Q1 24
5.6%

Financial Flow Comparison

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

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