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Side-by-side financial comparison of ALNYLAM PHARMACEUTICALS, INC. (ALNY) and STIFEL FINANCIAL CORP (SF). Click either name above to swap in a different company.

ALNYLAM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.0× STIFEL FINANCIAL CORP). STIFEL FINANCIAL CORP runs the higher net margin — 23.5% vs 17.6%, a 5.8% gap on every dollar of revenue. On growth, ALNYLAM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (96.4% vs 23.0%). Over the past eight quarters, ALNYLAM PHARMACEUTICALS, INC.'s revenue compounded faster (33.0% CAGR vs 21.1%).

Alnylam Pharmaceuticals, Inc. is an American biopharmaceutical company focused on the discovery, development and commercialization of RNA interference (RNAi) therapeutics for genetically defined diseases. The company was founded in 2002 and is headquartered in Cambridge, Massachusetts. In 2016, Forbes included the company on its "100 Most Innovative Growth Companies" list.

Stifel Financial Corp. is an American multinational independent investment bank and financial services company created under the Stifel name in July 1983 and listed on the New York Stock Exchange on November 24, 1986. Its predecessor company was founded in 1890 as the Altheimer and Rawlings Investment Company and is headquartered in downtown St. Louis, Missouri.

ALNY vs SF — Head-to-Head

Bigger by revenue
ALNY
ALNY
1.0× larger
ALNY
$1.2B
$1.1B
SF
Growing faster (revenue YoY)
ALNY
ALNY
+73.4% gap
ALNY
96.4%
23.0%
SF
Higher net margin
SF
SF
5.8% more per $
SF
23.5%
17.6%
ALNY
Faster 2-yr revenue CAGR
ALNY
ALNY
Annualised
ALNY
33.0%
21.1%
SF

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ALNY
ALNY
SF
SF
Revenue
$1.2B
$1.1B
Net Profit
$206.0M
$264.4M
Gross Margin
82.2%
Operating Margin
23.0%
27.3%
Net Margin
17.6%
23.5%
Revenue YoY
96.4%
23.0%
Net Profit YoY
8.3%
EPS (diluted)
$1.51
$2.30

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
ALNY
ALNY
SF
SF
Q1 26
$1.2B
Q4 25
$1.1B
$1.1B
Q3 25
$1.2B
$962.6M
Q2 25
$773.7M
$838.9M
Q1 25
$594.2M
$842.5M
Q4 24
$593.2M
$916.0M
Q3 24
$500.9M
$810.9M
Q2 24
$659.8M
$798.9M
Net Profit
ALNY
ALNY
SF
SF
Q1 26
$206.0M
Q4 25
$186.4M
$264.4M
Q3 25
$251.1M
$211.4M
Q2 25
$-66.3M
$155.1M
Q1 25
$-57.5M
$53.0M
Q4 24
$-83.8M
$244.0M
Q3 24
$-111.6M
$158.5M
Q2 24
$-16.9M
$165.3M
Gross Margin
ALNY
ALNY
SF
SF
Q1 26
82.2%
Q4 25
75.6%
Q3 25
84.2%
Q2 25
81.6%
Q1 25
88.2%
Q4 24
82.7%
Q3 24
83.6%
Q2 24
89.8%
Operating Margin
ALNY
ALNY
SF
SF
Q1 26
23.0%
Q4 25
12.0%
27.3%
Q3 25
29.5%
29.7%
Q2 25
-2.1%
25.5%
Q1 25
3.0%
7.5%
Q4 24
-17.7%
29.1%
Q3 24
-15.4%
26.7%
Q2 24
7.4%
28.4%
Net Margin
ALNY
ALNY
SF
SF
Q1 26
17.6%
Q4 25
17.0%
23.5%
Q3 25
20.1%
22.0%
Q2 25
-8.6%
18.5%
Q1 25
-9.7%
6.3%
Q4 24
-14.1%
26.6%
Q3 24
-22.3%
19.5%
Q2 24
-2.6%
20.7%
EPS (diluted)
ALNY
ALNY
SF
SF
Q1 26
$1.51
Q4 25
$1.44
$2.30
Q3 25
$1.84
$1.84
Q2 25
$-0.51
$1.34
Q1 25
$-0.44
$0.39
Q4 24
$-0.66
$2.10
Q3 24
$-0.87
$1.34
Q2 24
$-0.13
$1.41

Balance Sheet & Financial Strength

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

Metric
ALNY
ALNY
SF
SF
Cash + ST InvestmentsLiquidity on hand
$1.7B
$2.3B
Total DebtLower is stronger
$617.4M
Stockholders' EquityBook value
$1.1B
$6.0B
Total Assets
$5.1B
$41.3B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALNY
ALNY
SF
SF
Q1 26
$1.7B
Q4 25
$1.7B
$2.3B
Q3 25
$1.5B
$3.2B
Q2 25
$1.1B
$1.9B
Q1 25
$1.0B
$2.7B
Q4 24
$966.4M
$2.6B
Q3 24
$1.1B
$1.9B
Q2 24
$968.5M
$2.6B
Total Debt
ALNY
ALNY
SF
SF
Q1 26
Q4 25
$617.4M
Q3 25
$617.2M
Q2 25
$617.0M
Q1 25
$616.8M
Q4 24
$616.6M
Q3 24
$616.4M
Q2 24
$1.1B
Stockholders' Equity
ALNY
ALNY
SF
SF
Q1 26
$1.1B
Q4 25
$789.2M
$6.0B
Q3 25
$233.9M
$5.8B
Q2 25
$250.6M
$5.6B
Q1 25
$115.4M
$5.5B
Q4 24
$67.1M
$5.7B
Q3 24
$32.4M
$5.6B
Q2 24
$-3.1M
$5.4B
Total Assets
ALNY
ALNY
SF
SF
Q1 26
$5.1B
Q4 25
$5.0B
$41.3B
Q3 25
$4.9B
$41.7B
Q2 25
$4.6B
$39.9B
Q1 25
$4.2B
$40.4B
Q4 24
$4.2B
$39.9B
Q3 24
$4.2B
$38.9B
Q2 24
$4.0B
$37.8B
Debt / Equity
ALNY
ALNY
SF
SF
Q1 26
Q4 25
0.10×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.21×

Cash Flow & Capital Efficiency

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

Metric
ALNY
ALNY
SF
SF
Operating Cash FlowLast quarter
$382.4M
Free Cash FlowOCF − Capex
$369.0M
FCF MarginFCF / Revenue
32.7%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
1.45×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALNY
ALNY
SF
SF
Q1 26
Q4 25
$163.6M
$382.4M
Q3 25
$325.1M
$338.3M
Q2 25
$153.7M
$607.5M
Q1 25
$-118.3M
$-211.2M
Q4 24
$-94.7M
$694.6M
Q3 24
$43.7M
$198.3M
Q2 24
$124.2M
$207.2M
Free Cash Flow
ALNY
ALNY
SF
SF
Q1 26
Q4 25
$140.3M
$369.0M
Q3 25
$313.0M
$321.1M
Q2 25
$139.4M
$592.7M
Q1 25
$-127.3M
$-227.8M
Q4 24
$-103.8M
$677.2M
Q3 24
$39.5M
$185.6M
Q2 24
$116.1M
$173.3M
FCF Margin
ALNY
ALNY
SF
SF
Q1 26
Q4 25
12.8%
32.7%
Q3 25
25.1%
33.4%
Q2 25
18.0%
70.6%
Q1 25
-21.4%
-27.0%
Q4 24
-17.5%
73.9%
Q3 24
7.9%
22.9%
Q2 24
17.6%
21.7%
Capex Intensity
ALNY
ALNY
SF
SF
Q1 26
Q4 25
2.1%
1.2%
Q3 25
1.0%
1.8%
Q2 25
1.8%
1.8%
Q1 25
1.5%
2.0%
Q4 24
1.5%
1.9%
Q3 24
0.8%
1.6%
Q2 24
1.2%
4.2%
Cash Conversion
ALNY
ALNY
SF
SF
Q1 26
Q4 25
0.88×
1.45×
Q3 25
1.29×
1.60×
Q2 25
3.92×
Q1 25
-3.99×
Q4 24
2.85×
Q3 24
1.25×
Q2 24
1.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALNY
ALNY

AMVUTTRA$889.9M76%
GIVLAARI$74.4M6%
OXLUMO$51.3M4%
Royalty revenue$49.0M4%
Regeneron Pharmaceuticals$46.3M4%
Roche$35.6M3%
ONPATTRO$20.5M2%

SF
SF

Segment breakdown not available.

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