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Side-by-side financial comparison of Altimmune, Inc. (ALT) and Hafnia Ltd (HAFN). Click either name above to swap in a different company.

Hafnia Ltd is the larger business by last-quarter revenue ($31.0K vs $26.0K, roughly 1.2× Altimmune, Inc.).

Altimmune, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies, vaccines, and peptide-based therapies. Its pipeline covers infectious disease prevention, liver disease treatments, and metabolic disorder therapies, serving global biopharmaceutical and healthcare markets while advancing candidates through clinical trials.

Hafnia Ltd is a leading global shipping firm focused on operating product and chemical tanker fleets. It transports diverse bulk liquid cargoes including refined petroleum products, specialty chemicals, and edible oils, catering to clients across the energy, chemical manufacturing, and agricultural commodity industries worldwide.

ALT vs HAFN — Head-to-Head

Bigger by revenue
HAFN
HAFN
1.2× larger
HAFN
$31.0K
$26.0K
ALT

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
ALT
ALT
HAFN
HAFN
Revenue
$26.0K
$31.0K
Net Profit
Gross Margin
Operating Margin
Net Margin
Revenue YoY
420.0%
Net Profit YoY
-18.0%
EPS (diluted)

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
ALT
ALT
HAFN
HAFN
Q4 25
$26.0K
Q3 25
$5.0K
Q2 25
$5.0K
Q1 25
$5.0K
Q4 24
$5.0K
Q3 24
$5.0K
Q2 24
$5.0K
Q1 24
$5.0K
$31.0K
Net Profit
ALT
ALT
HAFN
HAFN
Q4 25
Q3 25
$-19.0M
Q2 25
$-22.1M
Q1 25
$-19.6M
Q4 24
Q3 24
$-22.8M
Q2 24
$-24.6M
Q1 24
$-24.4M
Operating Margin
ALT
ALT
HAFN
HAFN
Q4 25
Q3 25
-417180.0%
Q2 25
-458440.0%
Q1 25
-436300.0%
Q4 24
Q3 24
-495340.0%
Q2 24
-534900.0%
Q1 24
-535880.0%
Net Margin
ALT
ALT
HAFN
HAFN
Q4 25
Q3 25
-380280.0%
Q2 25
-442920.0%
Q1 25
-391500.0%
Q4 24
Q3 24
-456900.0%
Q2 24
-492800.0%
Q1 24
-487880.0%
EPS (diluted)
ALT
ALT
HAFN
HAFN
Q4 25
Q3 25
$-0.21
Q2 25
$-0.27
Q1 25
$-0.26
Q4 24
Q3 24
$-0.32
Q2 24
$-0.35
Q1 24
$-0.34

Balance Sheet & Financial Strength

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

Metric
ALT
ALT
HAFN
HAFN
Cash + ST InvestmentsLiquidity on hand
$273.5M
Total DebtLower is stronger
$34.3M
Stockholders' EquityBook value
$224.9M
Total Assets
$279.9M
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALT
ALT
HAFN
HAFN
Q4 25
$273.5M
Q3 25
$210.8M
Q2 25
$183.1M
Q1 25
$149.8M
Q4 24
$131.9M
Q3 24
$139.4M
Q2 24
$164.9M
Q1 24
$182.0M
Total Debt
ALT
ALT
HAFN
HAFN
Q4 25
$34.3M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALT
ALT
HAFN
HAFN
Q4 25
$224.9M
Q3 25
$185.6M
Q2 25
$161.4M
Q1 25
$142.2M
Q4 24
$123.5M
Q3 24
$133.4M
Q2 24
$152.5M
Q1 24
$172.9M
Total Assets
ALT
ALT
HAFN
HAFN
Q4 25
$279.9M
Q3 25
$218.4M
Q2 25
$190.3M
Q1 25
$157.3M
Q4 24
$139.3M
Q3 24
$147.9M
Q2 24
$173.3M
Q1 24
$188.4M
Debt / Equity
ALT
ALT
HAFN
HAFN
Q4 25
0.15×
Q3 25
Q2 25
Q1 25
Q4 24
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
ALT
ALT
HAFN
HAFN
Operating Cash FlowLast quarter
$-67.5M
Free Cash FlowOCF − Capex
$-67.5M
FCF MarginFCF / Revenue
-259792.3%
Capex IntensityCapex / Revenue
42.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALT
ALT
HAFN
HAFN
Q4 25
$-67.5M
Q3 25
$-11.9M
Q2 25
$-19.4M
Q1 25
$-16.8M
Q4 24
$-79.8M
Q3 24
$-27.1M
Q2 24
$-18.1M
Q1 24
$-16.4M
Free Cash Flow
ALT
ALT
HAFN
HAFN
Q4 25
$-67.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ALT
ALT
HAFN
HAFN
Q4 25
-259792.3%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ALT
ALT
HAFN
HAFN
Q4 25
42.3%
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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