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Side-by-side financial comparison of Apellis Pharmaceuticals, Inc. (APLS) and EVERTEC, Inc. (EVTC). Click either name above to swap in a different company.

EVERTEC, Inc. is the larger business by last-quarter revenue ($244.8M vs $199.9M, roughly 1.2× Apellis Pharmaceuticals, Inc.). EVERTEC, Inc. runs the higher net margin — 15.1% vs -29.5%, a 44.6% gap on every dollar of revenue. On growth, EVERTEC, Inc. posted the faster year-over-year revenue change (13.1% vs -5.9%). EVERTEC, Inc. produced more free cash flow last quarter ($63.7M vs $-14.3M). Over the past eight quarters, EVERTEC, Inc.'s revenue compounded faster (9.2% CAGR vs 7.7%).

Apellis Pharmaceuticals is a clinical-stage biopharmaceutical company focused on developing targeted therapies that modulate the complement system to address serious unmet medical needs. Its core products target ophthalmic conditions like geographic atrophy secondary to age-related macular degeneration, as well as rare hematological and autoimmune disorders, with primary operations in the United States and European markets.

EVERTEC, Inc. is a leading full-service payment technology and transaction processing firm headquartered in Puerto Rico. It delivers merchant acquiring, electronic funds transfer, digital payment solutions, and business process outsourcing for financial institutions, retailers and government clients across Latin America and the Caribbean.

APLS vs EVTC — Head-to-Head

Bigger by revenue
EVTC
EVTC
1.2× larger
EVTC
$244.8M
$199.9M
APLS
Growing faster (revenue YoY)
EVTC
EVTC
+19.1% gap
EVTC
13.1%
-5.9%
APLS
Higher net margin
EVTC
EVTC
44.6% more per $
EVTC
15.1%
-29.5%
APLS
More free cash flow
EVTC
EVTC
$78.0M more FCF
EVTC
$63.7M
$-14.3M
APLS
Faster 2-yr revenue CAGR
EVTC
EVTC
Annualised
EVTC
9.2%
7.7%
APLS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APLS
APLS
EVTC
EVTC
Revenue
$199.9M
$244.8M
Net Profit
$-59.0M
$37.0M
Gross Margin
Operating Margin
-25.6%
17.6%
Net Margin
-29.5%
15.1%
Revenue YoY
-5.9%
13.1%
Net Profit YoY
-62.2%
-8.9%
EPS (diluted)
$-0.40
$0.57

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
APLS
APLS
EVTC
EVTC
Q4 25
$199.9M
$244.8M
Q3 25
$458.6M
$228.6M
Q2 25
$178.5M
$229.6M
Q1 25
$166.8M
$228.8M
Q4 24
$212.5M
$216.4M
Q3 24
$196.8M
$211.8M
Q2 24
$199.7M
$212.0M
Q1 24
$172.3M
$205.3M
Net Profit
APLS
APLS
EVTC
EVTC
Q4 25
$-59.0M
$37.0M
Q3 25
$215.7M
$32.9M
Q2 25
$-42.2M
$40.5M
Q1 25
$-92.2M
$32.7M
Q4 24
$-36.4M
$40.7M
Q3 24
$-57.4M
$24.7M
Q2 24
$-37.7M
$31.9M
Q1 24
$-66.4M
$16.0M
Operating Margin
APLS
APLS
EVTC
EVTC
Q4 25
-25.6%
17.6%
Q3 25
48.7%
16.5%
Q2 25
-18.6%
24.4%
Q1 25
-50.0%
21.6%
Q4 24
-12.3%
22.2%
Q3 24
-24.0%
19.6%
Q2 24
-14.7%
20.5%
Q1 24
-36.0%
16.0%
Net Margin
APLS
APLS
EVTC
EVTC
Q4 25
-29.5%
15.1%
Q3 25
47.0%
14.4%
Q2 25
-23.6%
17.6%
Q1 25
-55.3%
14.3%
Q4 24
-17.1%
18.8%
Q3 24
-29.2%
11.7%
Q2 24
-18.9%
15.0%
Q1 24
-38.5%
7.8%
EPS (diluted)
APLS
APLS
EVTC
EVTC
Q4 25
$-0.40
$0.57
Q3 25
$1.67
$0.51
Q2 25
$-0.33
$0.62
Q1 25
$-0.74
$0.50
Q4 24
$-0.30
$0.62
Q3 24
$-0.46
$0.38
Q2 24
$-0.30
$0.49
Q1 24
$-0.54
$0.24

Balance Sheet & Financial Strength

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

Metric
APLS
APLS
EVTC
EVTC
Cash + ST InvestmentsLiquidity on hand
$466.2M
$306.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$370.1M
$621.6M
Total Assets
$1.1B
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APLS
APLS
EVTC
EVTC
Q4 25
$466.2M
$306.0M
Q3 25
$479.2M
$474.7M
Q2 25
$370.0M
$290.6M
Q1 25
$358.4M
$265.9M
Q4 24
$411.3M
$273.6M
Q3 24
$396.9M
$275.4M
Q2 24
$360.1M
$257.7M
Q1 24
$325.9M
$293.7M
Total Debt
APLS
APLS
EVTC
EVTC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$93.1M
Stockholders' Equity
APLS
APLS
EVTC
EVTC
Q4 25
$370.1M
$621.6M
Q3 25
$401.2M
$663.8M
Q2 25
$156.3M
$612.3M
Q1 25
$164.2M
$542.1M
Q4 24
$228.5M
$472.5M
Q3 24
$237.1M
$502.6M
Q2 24
$264.3M
$483.4M
Q1 24
$266.7M
$507.3M
Total Assets
APLS
APLS
EVTC
EVTC
Q4 25
$1.1B
$2.2B
Q3 25
$1.1B
$2.1B
Q2 25
$821.4M
$2.0B
Q1 25
$807.3M
$1.9B
Q4 24
$885.1M
$1.9B
Q3 24
$901.9M
$1.9B
Q2 24
$904.5M
$1.9B
Q1 24
$831.9M
$2.0B
Debt / Equity
APLS
APLS
EVTC
EVTC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
APLS
APLS
EVTC
EVTC
Operating Cash FlowLast quarter
$-14.2M
$70.0M
Free Cash FlowOCF − Capex
$-14.3M
$63.7M
FCF MarginFCF / Revenue
-7.1%
26.0%
Capex IntensityCapex / Revenue
0.1%
2.6%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$45.0M
$203.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APLS
APLS
EVTC
EVTC
Q4 25
$-14.2M
$70.0M
Q3 25
$108.5M
$70.9M
Q2 25
$4.4M
$48.5M
Q1 25
$-53.4M
$37.6M
Q4 24
$19.4M
$75.2M
Q3 24
$34.1M
$53.6M
Q2 24
$-8.3M
$90.6M
Q1 24
$-133.0M
$40.7M
Free Cash Flow
APLS
APLS
EVTC
EVTC
Q4 25
$-14.3M
$63.7M
Q3 25
$108.3M
$65.3M
Q2 25
$4.4M
$43.5M
Q1 25
$-53.4M
$31.2M
Q4 24
$19.3M
$70.8M
Q3 24
$49.7M
Q2 24
$-8.4M
$78.8M
Q1 24
$-133.3M
$35.3M
FCF Margin
APLS
APLS
EVTC
EVTC
Q4 25
-7.1%
26.0%
Q3 25
23.6%
28.5%
Q2 25
2.5%
18.9%
Q1 25
-32.0%
13.7%
Q4 24
9.1%
32.7%
Q3 24
23.5%
Q2 24
-4.2%
37.2%
Q1 24
-77.3%
17.2%
Capex Intensity
APLS
APLS
EVTC
EVTC
Q4 25
0.1%
2.6%
Q3 25
0.0%
2.5%
Q2 25
0.0%
2.2%
Q1 25
0.0%
2.8%
Q4 24
0.0%
2.0%
Q3 24
0.0%
1.8%
Q2 24
0.0%
5.6%
Q1 24
0.2%
2.6%
Cash Conversion
APLS
APLS
EVTC
EVTC
Q4 25
1.89×
Q3 25
0.50×
2.16×
Q2 25
1.20×
Q1 25
1.15×
Q4 24
1.85×
Q3 24
2.17×
Q2 24
2.84×
Q1 24
2.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

APLS
APLS

Syfovre$155.2M78%
Empaveli Pegcetacoplan$35.1M18%
Licensing And Other Revenue$9.6M5%

EVTC
EVTC

Latin America Payments And Solutions$101.5M41%
Business Solutions$58.3M24%
Merchant Acquiring Net$48.2M20%
Payment Services Puerto Rico Caribbean$36.8M15%
Transferred At Point In Time$4.0M2%

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