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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and ENNIS, INC. (EBF). Click either name above to swap in a different company.

ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $70.9M, roughly 1.4× Adaptive Biotechnologies Corp). ENNIS, INC. runs the higher net margin — 10.8% vs 4.7%, a 6.1% gap on every dollar of revenue. On growth, Adaptive Biotechnologies Corp posted the faster year-over-year revenue change (35.1% vs 0.4%). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (28.1% CAGR vs 1.4%).

ExpreS2ion Biotechnologies is a Danish biotechnology company specialised in the development of new vaccines and immunotherapy products based in Hørsholm, Denmark and listed on the Nasdaq First North Growth Market Sweden.

ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.

ADPT vs EBF — Head-to-Head

Bigger by revenue
EBF
EBF
1.4× larger
EBF
$100.2M
$70.9M
ADPT
Growing faster (revenue YoY)
ADPT
ADPT
+34.7% gap
ADPT
35.1%
0.4%
EBF
Higher net margin
EBF
EBF
6.1% more per $
EBF
10.8%
4.7%
ADPT
Faster 2-yr revenue CAGR
ADPT
ADPT
Annualised
ADPT
28.1%
1.4%
EBF

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
ADPT
ADPT
EBF
EBF
Revenue
$70.9M
$100.2M
Net Profit
$3.4M
$10.8M
Gross Margin
73.6%
31.9%
Operating Margin
-27.1%
15.0%
Net Margin
4.7%
10.8%
Revenue YoY
35.1%
0.4%
Net Profit YoY
6.1%
EPS (diluted)
$0.42

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
ADPT
ADPT
EBF
EBF
Q1 26
$70.9M
Q4 25
$71.7M
$100.2M
Q3 25
$94.0M
$98.7M
Q2 25
$58.9M
$97.2M
Q1 25
$52.4M
$92.7M
Q4 24
$47.5M
$99.8M
Q3 24
$46.4M
$99.0M
Q2 24
$43.2M
$103.1M
Net Profit
ADPT
ADPT
EBF
EBF
Q1 26
$3.4M
Q4 25
$-13.6M
$10.8M
Q3 25
$9.5M
$13.2M
Q2 25
$-25.6M
$9.8M
Q1 25
$-29.9M
$9.0M
Q4 24
$-33.7M
$10.2M
Q3 24
$-32.1M
$10.3M
Q2 24
$-46.2M
$10.7M
Gross Margin
ADPT
ADPT
EBF
EBF
Q1 26
73.6%
Q4 25
74.6%
31.9%
Q3 25
80.7%
30.5%
Q2 25
69.4%
31.1%
Q1 25
67.6%
29.5%
Q4 24
62.0%
29.3%
Q3 24
64.1%
30.1%
Q2 24
55.3%
30.0%
Operating Margin
ADPT
ADPT
EBF
EBF
Q1 26
-27.1%
Q4 25
-17.8%
15.0%
Q3 25
10.9%
12.5%
Q2 25
-42.5%
13.7%
Q1 25
-56.4%
13.0%
Q4 24
-71.3%
13.1%
Q3 24
-70.3%
13.3%
Q2 24
-109.6%
13.3%
Net Margin
ADPT
ADPT
EBF
EBF
Q1 26
4.7%
Q4 25
-18.9%
10.8%
Q3 25
10.2%
13.3%
Q2 25
-43.5%
10.1%
Q1 25
-56.9%
9.7%
Q4 24
-71.0%
10.2%
Q3 24
-69.1%
10.4%
Q2 24
-107.0%
10.4%
EPS (diluted)
ADPT
ADPT
EBF
EBF
Q1 26
Q4 25
$-0.08
$0.42
Q3 25
$0.06
$0.51
Q2 25
$-0.17
$0.38
Q1 25
$-0.20
$0.34
Q4 24
$-0.22
$0.39
Q3 24
$-0.22
$0.40
Q2 24
$-0.31
$0.41

Balance Sheet & Financial Strength

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

Metric
ADPT
ADPT
EBF
EBF
Cash + ST InvestmentsLiquidity on hand
$77.6M
$31.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$304.8M
Total Assets
$505.9M
$354.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADPT
ADPT
EBF
EBF
Q1 26
$77.6M
Q4 25
$70.5M
$31.3M
Q3 25
$55.0M
$31.9M
Q2 25
$43.2M
$32.6M
Q1 25
$50.6M
$72.5M
Q4 24
$47.9M
$68.6M
Q3 24
$38.1M
$122.6M
Q2 24
$59.8M
$123.7M
Stockholders' Equity
ADPT
ADPT
EBF
EBF
Q1 26
Q4 25
$218.8M
$304.8M
Q3 25
$204.4M
$305.4M
Q2 25
$179.7M
$301.2M
Q1 25
$190.4M
$302.0M
Q4 24
$202.7M
$297.7M
Q3 24
$223.8M
$358.4M
Q2 24
$241.6M
$354.4M
Total Assets
ADPT
ADPT
EBF
EBF
Q1 26
$505.9M
Q4 25
$512.7M
$354.3M
Q3 25
$490.6M
$361.8M
Q2 25
$496.6M
$361.7M
Q1 25
$510.9M
$348.9M
Q4 24
$539.4M
$346.1M
Q3 24
$558.5M
$406.8M
Q2 24
$584.9M
$406.2M

Cash Flow & Capital Efficiency

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

Metric
ADPT
ADPT
EBF
EBF
Operating Cash FlowLast quarter
$16.4M
Free Cash FlowOCF − Capex
$15.7M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADPT
ADPT
EBF
EBF
Q1 26
Q4 25
$2.1M
$16.4M
Q3 25
$-7.1M
$10.5M
Q2 25
$-12.4M
$8.0M
Q1 25
$-28.5M
$12.8M
Q4 24
$-12.5M
$18.2M
Q3 24
$-27.1M
$11.8M
Q2 24
$-17.3M
$23.1M
Free Cash Flow
ADPT
ADPT
EBF
EBF
Q1 26
Q4 25
$1.4M
$15.7M
Q3 25
$-7.5M
$9.0M
Q2 25
$-13.1M
$6.6M
Q1 25
$-29.7M
$11.1M
Q4 24
$-12.6M
$17.5M
Q3 24
$-27.4M
$10.7M
Q2 24
$-19.0M
$20.6M
FCF Margin
ADPT
ADPT
EBF
EBF
Q1 26
Q4 25
2.0%
15.7%
Q3 25
-8.0%
9.2%
Q2 25
-22.2%
6.8%
Q1 25
-56.7%
12.0%
Q4 24
-26.5%
17.6%
Q3 24
-59.0%
10.8%
Q2 24
-44.1%
20.0%
Capex Intensity
ADPT
ADPT
EBF
EBF
Q1 26
Q4 25
0.9%
0.7%
Q3 25
0.4%
1.4%
Q2 25
1.1%
1.4%
Q1 25
2.4%
1.8%
Q4 24
0.2%
0.6%
Q3 24
0.7%
1.1%
Q2 24
4.0%
2.4%
Cash Conversion
ADPT
ADPT
EBF
EBF
Q1 26
Q4 25
1.52×
Q3 25
-0.75×
0.80×
Q2 25
0.81×
Q1 25
1.41×
Q4 24
1.78×
Q3 24
1.15×
Q2 24
2.16×

Financial Flow Comparison

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

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