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Side-by-side financial comparison of Alector, Inc. (ALEC) and PATRIOT NATIONAL BANCORP INC (PNBK). Click either name above to swap in a different company.

PATRIOT NATIONAL BANCORP INC is the larger business by last-quarter revenue ($9.5M vs $6.2M, roughly 1.5× Alector, Inc.). On growth, PATRIOT NATIONAL BANCORP INC posted the faster year-over-year revenue change (44.3% vs -88.5%). PATRIOT NATIONAL BANCORP INC produced more free cash flow last quarter ($-14.3M vs $-184.1M). Over the past eight quarters, PATRIOT NATIONAL BANCORP INC's revenue compounded faster (11.5% CAGR vs -37.4%).

Alector, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies for neurodegenerative diseases. Its product pipeline targets unmet medical needs including Alzheimer’s disease, frontotemporal dementia, and Parkinson’s disease, and it collaborates with global pharmaceutical partners to advance candidate therapies through clinical trials.

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

ALEC vs PNBK — Head-to-Head

Bigger by revenue
PNBK
PNBK
1.5× larger
PNBK
$9.5M
$6.2M
ALEC
Growing faster (revenue YoY)
PNBK
PNBK
+132.8% gap
PNBK
44.3%
-88.5%
ALEC
More free cash flow
PNBK
PNBK
$169.7M more FCF
PNBK
$-14.3M
$-184.1M
ALEC
Faster 2-yr revenue CAGR
PNBK
PNBK
Annualised
PNBK
11.5%
-37.4%
ALEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALEC
ALEC
PNBK
PNBK
Revenue
$6.2M
$9.5M
Net Profit
Gross Margin
Operating Margin
-36.3%
Net Margin
Revenue YoY
-88.5%
44.3%
Net Profit YoY
-1696.9%
EPS (diluted)
$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.

Revenue
ALEC
ALEC
PNBK
PNBK
Q4 25
$6.2M
$9.5M
Q3 25
$3.3M
$7.2M
Q2 25
$7.9M
$6.2M
Q1 25
$3.7M
$6.7M
Q4 24
$54.2M
$6.6M
Q3 24
$15.3M
$7.1M
Q2 24
$15.1M
$7.1M
Q1 24
$15.9M
$7.7M
Net Profit
ALEC
ALEC
PNBK
PNBK
Q4 25
Q3 25
$-34.7M
$-2.7M
Q2 25
$-30.5M
$-5.0M
Q1 25
$-40.5M
$-2.8M
Q4 24
$-2.1M
Q3 24
$-42.2M
$-27.0M
Q2 24
$-38.7M
$-3.1M
Q1 24
$-36.1M
$-299.0K
Operating Margin
ALEC
ALEC
PNBK
PNBK
Q4 25
-36.3%
Q3 25
-1153.6%
-36.9%
Q2 25
-433.6%
-81.2%
Q1 25
-1216.5%
-41.5%
Q4 24
-13.4%
-205.4%
Q3 24
-315.7%
-32.4%
Q2 24
-302.4%
-56.5%
Q1 24
-275.0%
-3.0%
Net Margin
ALEC
ALEC
PNBK
PNBK
Q4 25
Q3 25
-1063.4%
-36.8%
Q2 25
-387.7%
-80.4%
Q1 25
-1101.6%
-41.6%
Q4 24
-3.8%
Q3 24
-275.2%
-378.9%
Q2 24
-256.4%
-43.5%
Q1 24
-227.0%
-3.9%
EPS (diluted)
ALEC
ALEC
PNBK
PNBK
Q4 25
$0.13
Q3 25
$-0.34
$-0.03
Q2 25
$-0.30
$-0.06
Q1 25
$-0.41
$-0.21
Q4 24
$-0.02
$-2.40
Q3 24
$-0.43
$-6.78
Q2 24
$-0.40
$-0.77
Q1 24
$-0.38
$-0.08

Balance Sheet & Financial Strength

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

Metric
ALEC
ALEC
PNBK
PNBK
Cash + ST InvestmentsLiquidity on hand
$256.0M
Total DebtLower is stronger
$10.0M
$16.4M
Stockholders' EquityBook value
$30.6M
$94.7M
Total Assets
$293.2M
$1.1B
Debt / EquityLower = less leverage
0.33×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEC
ALEC
PNBK
PNBK
Q4 25
$256.0M
Q3 25
$291.1M
Q2 25
$307.3M
Q1 25
$354.6M
Q4 24
$413.4M
Q3 24
$457.2M
Q2 24
$503.3M
Q1 24
$562.1M
Total Debt
ALEC
ALEC
PNBK
PNBK
Q4 25
$10.0M
$16.4M
Q3 25
Q2 25
Q1 25
Q4 24
$10.0M
$33.1M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALEC
ALEC
PNBK
PNBK
Q4 25
$30.6M
$94.7M
Q3 25
$57.7M
$95.0M
Q2 25
$71.2M
$66.2M
Q1 25
$94.6M
$57.1M
Q4 24
$126.8M
$4.3M
Q3 24
$118.9M
$16.4M
Q2 24
$150.6M
$40.5M
Q1 24
$178.9M
$43.6M
Total Assets
ALEC
ALEC
PNBK
PNBK
Q4 25
$293.2M
$1.1B
Q3 25
$335.3M
$950.8M
Q2 25
$356.4M
$930.0M
Q1 25
$408.3M
$956.6M
Q4 24
$468.3M
$1.0B
Q3 24
$516.0M
$974.1M
Q2 24
$570.7M
$1.0B
Q1 24
$635.5M
$1.1B
Debt / Equity
ALEC
ALEC
PNBK
PNBK
Q4 25
0.33×
0.17×
Q3 25
Q2 25
Q1 25
Q4 24
0.08×
7.76×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ALEC
ALEC
PNBK
PNBK
Operating Cash FlowLast quarter
$-184.0M
$-14.2M
Free Cash FlowOCF − Capex
$-184.1M
$-14.3M
FCF MarginFCF / Revenue
-2951.3%
-150.8%
Capex IntensityCapex / Revenue
0.7%
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-326.5M
$-24.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEC
ALEC
PNBK
PNBK
Q4 25
$-184.0M
$-14.2M
Q3 25
$-32.5M
$-5.2M
Q2 25
$-49.0M
$921.0K
Q1 25
$-60.8M
$-5.8M
Q4 24
$-55.0M
$2.7M
Q3 24
$-50.7M
$-2.6M
Q2 24
$-62.8M
$6.0M
Q1 24
$-61.3M
$1.8M
Free Cash Flow
ALEC
ALEC
PNBK
PNBK
Q4 25
$-184.1M
$-14.3M
Q3 25
$-32.5M
$-5.3M
Q2 25
$-49.1M
$918.0K
Q1 25
$-60.8M
$-5.9M
Q4 24
$-55.2M
$2.6M
Q3 24
$-50.9M
$-2.7M
Q2 24
$-63.1M
$6.0M
Q1 24
$-61.9M
$1.8M
FCF Margin
ALEC
ALEC
PNBK
PNBK
Q4 25
-2951.3%
-150.8%
Q3 25
-997.6%
-72.8%
Q2 25
-623.0%
14.8%
Q1 25
-1655.0%
-88.0%
Q4 24
-101.8%
39.9%
Q3 24
-332.1%
-37.3%
Q2 24
-418.6%
84.6%
Q1 24
-389.3%
23.0%
Capex Intensity
ALEC
ALEC
PNBK
PNBK
Q4 25
0.7%
1.8%
Q3 25
0.3%
0.3%
Q2 25
0.1%
0.0%
Q1 25
0.5%
1.0%
Q4 24
0.3%
0.8%
Q3 24
1.4%
0.9%
Q2 24
2.2%
0.7%
Q1 24
3.4%
0.5%

Financial Flow Comparison

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

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