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Side-by-side financial comparison of ACME UNITED CORP (ACU) and CODEXIS, INC. (CDXS). Click either name above to swap in a different company.
ACME UNITED CORP is the larger business by last-quarter revenue ($52.3M vs $38.9M, roughly 1.3× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 1.9%, a 22.8% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 13.8%). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -2.9%).
Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut. It is publicly traded on the NYSE American with symbol ACU.
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
ACU vs CDXS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $52.3M | $38.9M |
| Net Profit | $985.0K | $9.6M |
| Gross Margin | 39.7% | 94.8% |
| Operating Margin | 3.3% | 27.1% |
| Net Margin | 1.9% | 24.7% |
| Revenue YoY | 13.8% | 81.3% |
| Net Profit YoY | -40.4% | 192.5% |
| EPS (diluted) | $0.24 | $0.13 |
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.
| Q1 26 | $52.3M | — | ||
| Q4 25 | $47.5M | $38.9M | ||
| Q3 25 | $49.1M | $8.6M | ||
| Q2 25 | $54.0M | $15.3M | ||
| Q1 25 | $46.0M | $7.5M | ||
| Q4 24 | $45.9M | $21.5M | ||
| Q3 24 | $48.2M | $12.8M | ||
| Q2 24 | $55.4M | $8.0M |
| Q1 26 | $985.0K | — | ||
| Q4 25 | $1.9M | $9.6M | ||
| Q3 25 | $1.9M | $-19.6M | ||
| Q2 25 | $4.8M | $-13.3M | ||
| Q1 25 | $1.7M | $-20.7M | ||
| Q4 24 | $1.7M | $-10.4M | ||
| Q3 24 | $2.2M | $-20.6M | ||
| Q2 24 | $4.5M | $-22.8M |
| Q1 26 | 39.7% | — | ||
| Q4 25 | 38.2% | 94.8% | ||
| Q3 25 | 39.1% | 71.3% | ||
| Q2 25 | 41.0% | 86.3% | ||
| Q1 25 | 39.0% | 63.8% | ||
| Q4 24 | 38.7% | 83.0% | ||
| Q3 24 | 38.5% | 66.4% | ||
| Q2 24 | 40.8% | 56.6% |
| Q1 26 | 3.3% | — | ||
| Q4 25 | 6.1% | 27.1% | ||
| Q3 25 | 6.1% | -220.3% | ||
| Q2 25 | 11.8% | -83.9% | ||
| Q1 25 | 5.3% | -271.6% | ||
| Q4 24 | 5.0% | -34.2% | ||
| Q3 24 | 6.1% | -129.0% | ||
| Q2 24 | 11.5% | -284.9% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | 3.9% | 24.7% | ||
| Q3 25 | 3.9% | -228.1% | ||
| Q2 25 | 8.8% | -86.6% | ||
| Q1 25 | 3.6% | -274.3% | ||
| Q4 24 | 3.7% | -48.4% | ||
| Q3 24 | 4.6% | -160.8% | ||
| Q2 24 | 8.0% | -285.2% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.46 | $0.13 | ||
| Q3 25 | $0.46 | $-0.22 | ||
| Q2 25 | $1.16 | $-0.16 | ||
| Q1 25 | $0.41 | $-0.25 | ||
| Q4 24 | $0.43 | $-0.12 | ||
| Q3 24 | $0.54 | $-0.29 | ||
| Q2 24 | $1.09 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.2M | $78.2M |
| Total DebtLower is stronger | $33.0M | $40.1M |
| Stockholders' EquityBook value | $116.7M | $50.5M |
| Total Assets | $195.2M | $147.8M |
| Debt / EquityLower = less leverage | 0.28× | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.2M | — | ||
| Q4 25 | $3.6M | $78.2M | ||
| Q3 25 | $5.1M | $58.7M | ||
| Q2 25 | $3.6M | $66.3M | ||
| Q1 25 | $3.4M | $59.8M | ||
| Q4 24 | $6.4M | $73.5M | ||
| Q3 24 | $5.7M | $90.3M | ||
| Q2 24 | $3.8M | $73.2M |
| Q1 26 | $33.0M | — | ||
| Q4 25 | — | $40.1M | ||
| Q3 25 | — | $39.7M | ||
| Q2 25 | — | $39.4M | ||
| Q1 25 | — | $29.2M | ||
| Q4 24 | — | $28.9M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $28.4M |
| Q1 26 | $116.7M | — | ||
| Q4 25 | $117.6M | $50.5M | ||
| Q3 25 | $115.8M | $38.5M | ||
| Q2 25 | $113.7M | $55.6M | ||
| Q1 25 | $108.3M | $49.6M | ||
| Q4 24 | $107.0M | $66.9M | ||
| Q3 24 | $106.3M | $73.4M | ||
| Q2 24 | $104.0M | $61.4M |
| Q1 26 | $195.2M | — | ||
| Q4 25 | $171.0M | $147.8M | ||
| Q3 25 | $173.0M | $124.0M | ||
| Q2 25 | $170.9M | $138.2M | ||
| Q1 25 | $163.0M | $128.9M | ||
| Q4 24 | $162.2M | $149.0M | ||
| Q3 24 | $165.5M | $148.2M | ||
| Q2 24 | $173.5M | $132.0M |
| Q1 26 | 0.28× | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.46× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $20.1M |
| Free Cash FlowOCF − Capex | — | $19.6M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | 2.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.2M | $20.1M | ||
| Q3 25 | $7.1M | $-7.7M | ||
| Q2 25 | $6.3M | $-18.0M | ||
| Q1 25 | $-3.3M | $-13.8M | ||
| Q4 24 | $6.4M | $-16.5M | ||
| Q3 24 | $8.9M | $-13.0M | ||
| Q2 24 | $6.9M | $-12.2M |
| Q1 26 | — | — | ||
| Q4 25 | $7.3M | $19.6M | ||
| Q3 25 | $301.0K | $-7.9M | ||
| Q2 25 | $4.7M | $-20.5M | ||
| Q1 25 | $-4.7M | $-15.1M | ||
| Q4 24 | $4.7M | $-18.2M | ||
| Q3 24 | $7.5M | $-14.0M | ||
| Q2 24 | $4.4M | $-12.6M |
| Q1 26 | — | — | ||
| Q4 25 | 15.3% | 50.3% | ||
| Q3 25 | 0.6% | -91.7% | ||
| Q2 25 | 8.7% | -133.6% | ||
| Q1 25 | -10.2% | -199.6% | ||
| Q4 24 | 10.2% | -85.0% | ||
| Q3 24 | 15.6% | -109.0% | ||
| Q2 24 | 8.0% | -157.5% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 1.3% | ||
| Q3 25 | 13.8% | 2.1% | ||
| Q2 25 | 3.0% | 16.4% | ||
| Q1 25 | 2.9% | 16.7% | ||
| Q4 24 | 3.7% | 8.3% | ||
| Q3 24 | 2.8% | 7.8% | ||
| Q2 24 | 4.5% | 5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.34× | 2.09× | ||
| Q3 25 | 3.72× | — | ||
| Q2 25 | 1.33× | — | ||
| Q1 25 | -2.02× | — | ||
| Q4 24 | 3.73× | — | ||
| Q3 24 | 3.99× | — | ||
| Q2 24 | 1.55× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
