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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and CBL & ASSOCIATES PROPERTIES INC (CBL). Click either name above to swap in a different company.

Ascendis Pharma A/S is the larger business by last-quarter revenue ($267.3M vs $156.4M, roughly 1.7× CBL & ASSOCIATES PROPERTIES INC). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs 18.8%). Over the past eight quarters, Ascendis Pharma A/S's revenue compounded faster (60.7% CAGR vs 10.1%).

Growth hormone therapy refers to the use of growth hormone (GH) as a prescription medication—it is one form of hormone therapy. Growth hormone is a peptide hormone secreted by the pituitary gland that stimulates growth and cell reproduction. In the past, growth hormone was extracted from human pituitary glands. Growth hormone is now produced by recombinant DNA technology and is prescribed for a variety of reasons. GH therapy has been a focus of social and ethical controversies for 50 years.

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

ASND vs CBL — Head-to-Head

Bigger by revenue
ASND
ASND
1.7× larger
ASND
$267.3M
$156.4M
CBL
Growing faster (revenue YoY)
ASND
ASND
+23.5% gap
ASND
42.3%
18.8%
CBL
Faster 2-yr revenue CAGR
ASND
ASND
Annualised
ASND
60.7%
10.1%
CBL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASND
ASND
CBL
CBL
Revenue
$267.3M
$156.4M
Net Profit
$49.0M
Gross Margin
90.5%
Operating Margin
Net Margin
31.3%
Revenue YoY
42.3%
18.8%
Net Profit YoY
29.0%
EPS (diluted)
$1.61

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
ASND
ASND
CBL
CBL
Q4 25
$267.3M
$156.4M
Q3 25
$230.7M
$139.3M
Q2 25
$170.7M
$140.9M
Q1 25
$109.0M
$141.8M
Q4 24
$187.8M
$131.7M
Q3 24
$62.5M
$125.1M
Q2 24
$38.9M
$129.7M
Q1 24
$103.6M
$129.1M
Net Profit
ASND
ASND
CBL
CBL
Q4 25
$49.0M
Q3 25
$-65.9M
$75.4M
Q2 25
$-42.0M
$2.8M
Q1 25
$-102.2M
$8.8M
Q4 24
$38.0M
Q3 24
$-107.1M
$16.2M
Q2 24
$-118.1M
$4.7M
Q1 24
$-141.5M
$50.0K
Gross Margin
ASND
ASND
CBL
CBL
Q4 25
90.5%
Q3 25
89.5%
Q2 25
80.1%
Q1 25
82.6%
Q4 24
91.9%
Q3 24
80.6%
Q2 24
68.2%
Q1 24
92.1%
Operating Margin
ASND
ASND
CBL
CBL
Q4 25
Q3 25
5.1%
Q2 25
-33.5%
Q1 25
-103.2%
Q4 24
Q3 24
-167.3%
Q2 24
-370.2%
Q1 24
-51.2%
Net Margin
ASND
ASND
CBL
CBL
Q4 25
31.3%
Q3 25
-28.5%
54.2%
Q2 25
-24.6%
2.0%
Q1 25
-93.7%
6.2%
Q4 24
28.8%
Q3 24
-171.5%
12.9%
Q2 24
-303.9%
3.7%
Q1 24
-136.6%
0.0%
EPS (diluted)
ASND
ASND
CBL
CBL
Q4 25
$1.61
Q3 25
$2.38
Q2 25
$0.08
Q1 25
$0.27
Q4 24
$1.22
Q3 24
$0.52
Q2 24
$0.14
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
ASND
ASND
CBL
CBL
Cash + ST InvestmentsLiquidity on hand
$665.3M
$42.3M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$-175.8M
$374.9M
Total Assets
$1.4B
$2.7B
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
CBL
CBL
Q4 25
$665.3M
$42.3M
Q3 25
$582.2M
$52.6M
Q2 25
$533.6M
$100.3M
Q1 25
$559.4M
$100.3M
Q4 24
$604.3M
$40.8M
Q3 24
$675.6M
$65.1M
Q2 24
$279.4M
$57.7M
Q1 24
$345.9M
$57.7M
Total Debt
ASND
ASND
CBL
CBL
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$1.9B
Stockholders' Equity
ASND
ASND
CBL
CBL
Q4 25
$-175.8M
$374.9M
Q3 25
$-188.0M
$351.4M
Q2 25
$-202.6M
$289.4M
Q1 25
$-205.0M
$295.0M
Q4 24
$-114.2M
$323.5M
Q3 24
$-105.1M
$308.3M
Q2 24
$-346.8M
$308.8M
Q1 24
$-257.2M
$324.2M
Total Assets
ASND
ASND
CBL
CBL
Q4 25
$1.4B
$2.7B
Q3 25
$1.2B
$2.7B
Q2 25
$1.2B
$2.6B
Q1 25
$1.1B
$2.6B
Q4 24
$1.3B
$2.7B
Q3 24
$1.2B
$2.2B
Q2 24
$819.0M
$2.3B
Q1 24
$866.7M
$2.3B
Debt / Equity
ASND
ASND
CBL
CBL
Q4 25
5.79×
Q3 25
6.21×
Q2 25
7.39×
Q1 25
7.29×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
6.00×
Q1 24
5.74×

Cash Flow & Capital Efficiency

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

Metric
ASND
ASND
CBL
CBL
Operating Cash FlowLast quarter
$58.2M
$249.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
CBL
CBL
Q4 25
$58.2M
$249.7M
Q3 25
$69.6M
Q2 25
$68.3M
Q1 25
$-15.5M
$31.7M
Q4 24
$-330.7M
$202.2M
Q3 24
$61.1M
Q2 24
$64.2M
Q1 24
$-109.7M
$30.7M
Free Cash Flow
ASND
ASND
CBL
CBL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$46.0M
Q2 24
$54.8M
Q1 24
$24.7M
FCF Margin
ASND
ASND
CBL
CBL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.8%
Q2 24
42.2%
Q1 24
19.1%
Capex Intensity
ASND
ASND
CBL
CBL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
12.1%
Q2 24
7.3%
Q1 24
4.7%
Cash Conversion
ASND
ASND
CBL
CBL
Q4 25
5.10×
Q3 25
0.92×
Q2 25
24.74×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
Q2 24
13.54×
Q1 24
614.76×

Financial Flow Comparison

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

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