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Side-by-side financial comparison of Ascendis Pharma A/S (ASND) and Maxeon Solar Technologies, Ltd. (MAXN). Click either name above to swap in a different company.

Maxeon Solar Technologies, Ltd. is the larger business by last-quarter revenue ($509.0M vs $267.3M, roughly 1.9× Ascendis Pharma A/S). On growth, Ascendis Pharma A/S posted the faster year-over-year revenue change (42.3% vs -54.7%).

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.

Maxeon Solar Technologies, Ltd. is a Singapore-based company that designs and manufactures photovoltaic panels. The company was previously a division of the American company SunPower. Maxeon was spun off from SunPower in August 2020. Maxeon was the primary provider of solar panels for SunPower through March 2024. Beyond the United States, Maxeon has sales operations in more than 100 countries and has the rights to use the SunPower brand in countries outside the United States.

ASND vs MAXN — Head-to-Head

Bigger by revenue
MAXN
MAXN
1.9× larger
MAXN
$509.0M
$267.3M
ASND
Growing faster (revenue YoY)
ASND
ASND
+97.0% gap
ASND
42.3%
-54.7%
MAXN

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
ASND
ASND
MAXN
MAXN
Revenue
$267.3M
$509.0M
Net Profit
$-614.3M
Gross Margin
90.5%
Operating Margin
-113.3%
Net Margin
-120.7%
Revenue YoY
42.3%
-54.7%
Net Profit YoY
-122.7%
EPS (diluted)
$-96.00

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
MAXN
MAXN
Q4 25
$267.3M
Q3 25
$230.7M
Q2 25
$170.7M
Q1 25
$109.0M
Q4 24
$187.8M
$509.0M
Q3 24
$62.5M
Q2 24
$38.9M
Q1 24
$103.6M
Net Profit
ASND
ASND
MAXN
MAXN
Q4 25
Q3 25
$-65.9M
Q2 25
$-42.0M
Q1 25
$-102.2M
Q4 24
$-614.3M
Q3 24
$-107.1M
Q2 24
$-118.1M
Q1 24
$-141.5M
Gross Margin
ASND
ASND
MAXN
MAXN
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
MAXN
MAXN
Q4 25
Q3 25
5.1%
Q2 25
-33.5%
Q1 25
-103.2%
Q4 24
-113.3%
Q3 24
-167.3%
Q2 24
-370.2%
Q1 24
-51.2%
Net Margin
ASND
ASND
MAXN
MAXN
Q4 25
Q3 25
-28.5%
Q2 25
-24.6%
Q1 25
-93.7%
Q4 24
-120.7%
Q3 24
-171.5%
Q2 24
-303.9%
Q1 24
-136.6%
EPS (diluted)
ASND
ASND
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-96.00
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
ASND
ASND
MAXN
MAXN
Cash + ST InvestmentsLiquidity on hand
$665.3M
$28.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-175.8M
$-293.8M
Total Assets
$1.4B
$376.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASND
ASND
MAXN
MAXN
Q4 25
$665.3M
Q3 25
$582.2M
Q2 25
$533.6M
Q1 25
$559.4M
Q4 24
$604.3M
$28.9M
Q3 24
$675.6M
Q2 24
$279.4M
Q1 24
$345.9M
Stockholders' Equity
ASND
ASND
MAXN
MAXN
Q4 25
$-175.8M
Q3 25
$-188.0M
Q2 25
$-202.6M
Q1 25
$-205.0M
Q4 24
$-114.2M
$-293.8M
Q3 24
$-105.1M
Q2 24
$-346.8M
Q1 24
$-257.2M
Total Assets
ASND
ASND
MAXN
MAXN
Q4 25
$1.4B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.1B
Q4 24
$1.3B
$376.3M
Q3 24
$1.2B
Q2 24
$819.0M
Q1 24
$866.7M

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
MAXN
MAXN
Operating Cash FlowLast quarter
$58.2M
$-270.2M
Free Cash FlowOCF − Capex
$-322.3M
FCF MarginFCF / Revenue
-63.3%
Capex IntensityCapex / Revenue
10.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASND
ASND
MAXN
MAXN
Q4 25
$58.2M
Q3 25
Q2 25
Q1 25
$-15.5M
Q4 24
$-330.7M
$-270.2M
Q3 24
Q2 24
Q1 24
$-109.7M
Free Cash Flow
ASND
ASND
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-322.3M
Q3 24
Q2 24
Q1 24
FCF Margin
ASND
ASND
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-63.3%
Q3 24
Q2 24
Q1 24
Capex Intensity
ASND
ASND
MAXN
MAXN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
10.2%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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