vs

Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and Vericel Corp (VCEL). Click either name above to swap in a different company.

Vericel Corp is the larger business by last-quarter revenue ($92.9M vs $85.2M, roughly 1.1× Amalgamated Financial Corp.). On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 9.4%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $12.8M). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs 4.3%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

AMAL vs VCEL — Head-to-Head

Bigger by revenue
VCEL
VCEL
1.1× larger
VCEL
$92.9M
$85.2M
AMAL
Growing faster (revenue YoY)
VCEL
VCEL
+13.9% gap
VCEL
23.3%
9.4%
AMAL
More free cash flow
AMAL
AMAL
$121.6M more FCF
AMAL
$134.4M
$12.8M
VCEL
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
VCEL
VCEL
Revenue
$85.2M
$92.9M
Net Profit
$23.2M
Gross Margin
78.7%
Operating Margin
39.0%
24.1%
Net Margin
25.0%
Revenue YoY
9.4%
23.3%
Net Profit YoY
17.3%
EPS (diluted)
$0.88
$0.46

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
AMAL
AMAL
VCEL
VCEL
Q4 25
$85.2M
$92.9M
Q3 25
$85.6M
$67.5M
Q2 25
$80.9M
$63.2M
Q1 25
$77.0M
$52.6M
Q4 24
$77.9M
$75.4M
Q3 24
$81.0M
$57.9M
Q2 24
$78.5M
$52.7M
Q1 24
$78.3M
$51.3M
Net Profit
AMAL
AMAL
VCEL
VCEL
Q4 25
$23.2M
Q3 25
$26.8M
$5.1M
Q2 25
$26.0M
$-553.0K
Q1 25
$25.0M
$-11.2M
Q4 24
$19.8M
Q3 24
$27.9M
$-901.0K
Q2 24
$26.8M
$-4.7M
Q1 24
$27.2M
$-3.9M
Gross Margin
AMAL
AMAL
VCEL
VCEL
Q4 25
78.7%
Q3 25
73.5%
Q2 25
73.7%
Q1 25
69.0%
Q4 24
77.6%
Q3 24
71.9%
Q2 24
69.5%
Q1 24
68.9%
Operating Margin
AMAL
AMAL
VCEL
VCEL
Q4 25
39.0%
24.1%
Q3 25
42.9%
5.1%
Q2 25
43.8%
-3.2%
Q1 25
45.1%
-24.3%
Q4 24
42.4%
24.5%
Q3 24
47.2%
-4.3%
Q2 24
45.6%
-11.5%
Q1 24
49.2%
-10.7%
Net Margin
AMAL
AMAL
VCEL
VCEL
Q4 25
25.0%
Q3 25
31.3%
7.5%
Q2 25
32.1%
-0.9%
Q1 25
32.5%
-21.4%
Q4 24
26.3%
Q3 24
34.5%
-1.6%
Q2 24
34.1%
-8.9%
Q1 24
34.8%
-7.5%
EPS (diluted)
AMAL
AMAL
VCEL
VCEL
Q4 25
$0.88
$0.46
Q3 25
$0.88
$0.10
Q2 25
$0.84
$-0.01
Q1 25
$0.81
$-0.23
Q4 24
$0.78
$0.40
Q3 24
$0.90
$-0.02
Q2 24
$0.87
$-0.10
Q1 24
$0.89
$-0.08

Balance Sheet & Financial Strength

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

Metric
AMAL
AMAL
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$291.2M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$354.6M
Total Assets
$8.9B
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
VCEL
VCEL
Q4 25
$291.2M
$137.5M
Q3 25
$115.5M
$135.4M
Q2 25
$171.1M
$116.9M
Q1 25
$65.7M
$112.9M
Q4 24
$60.7M
$116.2M
Q3 24
$149.2M
$101.7M
Q2 24
$58.0M
$102.5M
Q1 24
$155.2M
$110.6M
Stockholders' Equity
AMAL
AMAL
VCEL
VCEL
Q4 25
$794.5M
$354.6M
Q3 25
$775.6M
$321.9M
Q2 25
$754.0M
$306.8M
Q1 25
$736.0M
$295.5M
Q4 24
$707.7M
$292.0M
Q3 24
$698.2M
$257.5M
Q2 24
$646.0M
$243.0M
Q1 24
$616.8M
$233.9M
Total Assets
AMAL
AMAL
VCEL
VCEL
Q4 25
$8.9B
$488.0M
Q3 25
$8.7B
$453.3M
Q2 25
$8.6B
$435.6M
Q1 25
$8.3B
$424.6M
Q4 24
$8.3B
$432.7M
Q3 24
$8.4B
$390.4M
Q2 24
$8.3B
$376.8M
Q1 24
$8.1B
$356.7M

Cash Flow & Capital Efficiency

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

Metric
AMAL
AMAL
VCEL
VCEL
Operating Cash FlowLast quarter
$135.8M
$15.0M
Free Cash FlowOCF − Capex
$134.4M
$12.8M
FCF MarginFCF / Revenue
157.8%
13.8%
Capex IntensityCapex / Revenue
1.6%
2.4%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
VCEL
VCEL
Q4 25
$135.8M
$15.0M
Q3 25
$39.5M
$22.1M
Q2 25
$24.9M
$8.2M
Q1 25
$34.2M
$6.6M
Q4 24
$124.1M
$22.2M
Q3 24
$35.8M
$10.2M
Q2 24
$28.0M
$18.5M
Q1 24
$31.3M
$7.2M
Free Cash Flow
AMAL
AMAL
VCEL
VCEL
Q4 25
$134.4M
$12.8M
Q3 25
$38.3M
$19.5M
Q2 25
$24.2M
$81.0K
Q1 25
$32.5M
$-7.6M
Q4 24
$122.3M
$8.5M
Q3 24
$35.2M
$-9.2M
Q2 24
$27.8M
$1.8M
Q1 24
$31.1M
$-6.8M
FCF Margin
AMAL
AMAL
VCEL
VCEL
Q4 25
157.8%
13.8%
Q3 25
44.7%
28.8%
Q2 25
29.9%
0.1%
Q1 25
42.2%
-14.5%
Q4 24
157.0%
11.2%
Q3 24
43.4%
-15.9%
Q2 24
35.4%
3.4%
Q1 24
39.7%
-13.3%
Capex Intensity
AMAL
AMAL
VCEL
VCEL
Q4 25
1.6%
2.4%
Q3 25
1.4%
3.9%
Q2 25
0.9%
12.9%
Q1 25
2.3%
27.0%
Q4 24
2.3%
18.3%
Q3 24
0.7%
33.5%
Q2 24
0.3%
31.8%
Q1 24
0.3%
27.3%
Cash Conversion
AMAL
AMAL
VCEL
VCEL
Q4 25
0.65×
Q3 25
1.47×
4.35×
Q2 25
0.96×
Q1 25
1.37×
Q4 24
1.12×
Q3 24
1.28×
Q2 24
1.05×
Q1 24
1.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

Related Comparisons