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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and Fortress Biotech, Inc. (FBIO). Click either name above to swap in a different company.

Fortress Biotech, Inc. is the larger business by last-quarter revenue ($16.1M vs $8.6M, roughly 1.9× Affinity Bancshares, Inc.). Affinity Bancshares, Inc. runs the higher net margin — 24.9% vs -24.5%, a 49.4% gap on every dollar of revenue. On growth, Affinity Bancshares, Inc. posted the faster year-over-year revenue change (12.8% vs 6.3%). Over the past eight quarters, Fortress Biotech, Inc.'s revenue compounded faster (11.0% CAGR vs 8.1%).

Fortress Biotech Inc., commonly known as Fortress Bio, is a biopharmaceutical company that acquires, develops, and commercializes innovative pharmaceutical and biotechnology products. Led by CEO Lindsay A. Rosenwald, M.D., Fortress and most of its subsidiary companies are headquartered in Bay Harbor Islands, Florida.

AFBI vs FBIO — Head-to-Head

Bigger by revenue
FBIO
FBIO
1.9× larger
FBIO
$16.1M
$8.6M
AFBI
Growing faster (revenue YoY)
AFBI
AFBI
+6.6% gap
AFBI
12.8%
6.3%
FBIO
Higher net margin
AFBI
AFBI
49.4% more per $
AFBI
24.9%
-24.5%
FBIO
Faster 2-yr revenue CAGR
FBIO
FBIO
Annualised
FBIO
11.0%
8.1%
AFBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFBI
AFBI
FBIO
FBIO
Revenue
$8.6M
$16.1M
Net Profit
$2.1M
$-3.9M
Gross Margin
66.1%
Operating Margin
35.9%
-28.8%
Net Margin
24.9%
-24.5%
Revenue YoY
12.8%
6.3%
Net Profit YoY
58.5%
41.8%
EPS (diluted)
$0.34
$-0.15

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
AFBI
AFBI
FBIO
FBIO
Q4 25
$8.6M
$16.1M
Q3 25
$8.4M
$17.6M
Q2 25
$8.3M
$16.4M
Q1 25
$7.8M
$13.1M
Q4 24
$7.6M
$15.1M
Q3 24
$8.0M
$14.6M
Q2 24
$8.3M
$14.9M
Q1 24
$7.3M
$13.0M
Net Profit
AFBI
AFBI
FBIO
FBIO
Q4 25
$2.1M
$-3.9M
Q3 25
$2.2M
$5.8M
Q2 25
$2.2M
$15.5M
Q1 25
$1.8M
$-10.6M
Q4 24
$1.3M
$-6.8M
Q3 24
$1.7M
$-12.9M
Q2 24
$1.0M
$-10.9M
Q1 24
$1.3M
$-15.4M
Gross Margin
AFBI
AFBI
FBIO
FBIO
Q4 25
66.1%
Q3 25
67.4%
Q2 25
69.9%
Q1 25
63.5%
Q4 24
69.1%
Q3 24
69.4%
Q2 24
61.6%
Q1 24
53.9%
Operating Margin
AFBI
AFBI
FBIO
FBIO
Q4 25
35.9%
-28.8%
Q3 25
34.9%
-38.6%
Q2 25
34.1%
-222.2%
Q1 25
30.8%
-169.9%
Q4 24
21.1%
-158.3%
Q3 24
28.5%
-151.0%
Q2 24
16.2%
-186.5%
Q1 24
24.0%
-280.6%
Net Margin
AFBI
AFBI
FBIO
FBIO
Q4 25
24.9%
-24.5%
Q3 25
26.5%
33.2%
Q2 25
25.9%
94.4%
Q1 25
23.4%
-80.6%
Q4 24
17.7%
-44.7%
Q3 24
21.7%
-88.0%
Q2 24
12.5%
-73.5%
Q1 24
18.2%
-118.3%
EPS (diluted)
AFBI
AFBI
FBIO
FBIO
Q4 25
$0.34
$-0.15
Q3 25
$0.34
$0.11
Q2 25
$0.33
$0.45
Q1 25
$0.28
$-0.48
Q4 24
$0.21
$-0.16
Q3 24
$0.26
$-0.76
Q2 24
$0.16
$-0.73
Q1 24
$0.20
$-1.04

Balance Sheet & Financial Strength

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

Metric
AFBI
AFBI
FBIO
FBIO
Cash + ST InvestmentsLiquidity on hand
$53.9M
$79.4M
Total DebtLower is stronger
$52.4M
Stockholders' EquityBook value
$127.0M
$49.9M
Total Assets
$881.7M
$185.5M
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFBI
AFBI
FBIO
FBIO
Q4 25
$53.9M
$79.4M
Q3 25
$84.8M
$86.2M
Q2 25
$89.7M
$74.4M
Q1 25
$74.7M
$91.3M
Q4 24
$41.4M
$57.3M
Q3 24
$52.3M
$58.9M
Q2 24
$50.4M
$76.2M
Q1 24
$61.4M
$83.8M
Total Debt
AFBI
AFBI
FBIO
FBIO
Q4 25
$52.4M
Q3 25
$47.8M
Q2 25
$50.0M
Q1 25
$56.4M
Q4 24
$58.0M
Q3 24
$52.5M
Q2 24
$67.0M
Q1 24
$61.4M
Stockholders' Equity
AFBI
AFBI
FBIO
FBIO
Q4 25
$127.0M
$49.9M
Q3 25
$125.4M
$55.9M
Q2 25
$124.1M
$43.9M
Q1 25
$122.3M
$22.3M
Q4 24
$129.1M
$22.7M
Q3 24
$128.4M
$21.2M
Q2 24
$125.1M
$17.9M
Q1 24
$123.3M
$23.0M
Total Assets
AFBI
AFBI
FBIO
FBIO
Q4 25
$881.7M
$185.5M
Q3 25
$925.2M
$181.4M
Q2 25
$933.8M
$159.9M
Q1 25
$912.5M
$178.1M
Q4 24
$866.8M
$144.2M
Q3 24
$878.6M
$127.1M
Q2 24
$873.6M
$145.7M
Q1 24
$869.5M
$164.6M
Debt / Equity
AFBI
AFBI
FBIO
FBIO
Q4 25
1.05×
Q3 25
0.86×
Q2 25
1.14×
Q1 25
2.53×
Q4 24
2.55×
Q3 24
2.48×
Q2 24
3.75×
Q1 24
2.67×

Cash Flow & Capital Efficiency

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

Metric
AFBI
AFBI
FBIO
FBIO
Operating Cash FlowLast quarter
$11.6M
$-12.5M
Free Cash FlowOCF − Capex
$11.2M
FCF MarginFCF / Revenue
130.9%
Capex IntensityCapex / Revenue
4.9%
Cash ConversionOCF / Net Profit
5.46×
TTM Free Cash FlowTrailing 4 quarters
$20.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFBI
AFBI
FBIO
FBIO
Q4 25
$11.6M
$-12.5M
Q3 25
$3.7M
$-6.1M
Q2 25
$3.8M
$-27.6M
Q1 25
$1.9M
$-19.6M
Q4 24
$6.8M
$-12.9M
Q3 24
$4.1M
$-20.1M
Q2 24
$619.0K
$-21.8M
Q1 24
$1.2M
$-25.4M
Free Cash Flow
AFBI
AFBI
FBIO
FBIO
Q4 25
$11.2M
Q3 25
$3.6M
Q2 25
$3.7M
Q1 25
$1.8M
Q4 24
$6.4M
Q3 24
$4.0M
Q2 24
$489.0K
Q1 24
$1.1M
FCF Margin
AFBI
AFBI
FBIO
FBIO
Q4 25
130.9%
Q3 25
43.3%
Q2 25
44.0%
Q1 25
22.7%
Q4 24
83.9%
Q3 24
49.5%
Q2 24
5.9%
Q1 24
14.8%
Capex Intensity
AFBI
AFBI
FBIO
FBIO
Q4 25
4.9%
Q3 25
0.8%
Q2 25
1.4%
Q1 25
1.9%
Q4 24
5.6%
Q3 24
1.7%
0.0%
Q2 24
1.6%
Q1 24
1.8%
Cash Conversion
AFBI
AFBI
FBIO
FBIO
Q4 25
5.46×
Q3 25
1.66×
-1.04×
Q2 25
1.75×
-1.78×
Q1 25
1.05×
Q4 24
5.05×
Q3 24
2.36×
Q2 24
0.60×
Q1 24
0.91×

Financial Flow Comparison

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

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