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Side-by-side financial comparison of American Express (AXP) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

American Express is the larger business by last-quarter revenue ($18.9M vs $13.8M, roughly 1.4× FENNEC PHARMACEUTICALS INC.). American Express runs the higher net margin — 15.7% vs -34.7%, a 50.5% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 11.4%). Over the past eight quarters, FENNEC PHARMACEUTICALS INC.'s revenue compounded faster (-26.3% CAGR vs -95.6%).

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services. The company's products an...

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

AXP vs FENC — Head-to-Head

Bigger by revenue
AXP
AXP
1.4× larger
AXP
$18.9M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+62.4% gap
FENC
73.8%
11.4%
AXP
Higher net margin
AXP
AXP
50.5% more per $
AXP
15.7%
-34.7%
FENC
Faster 2-yr revenue CAGR
FENC
FENC
Annualised
FENC
-26.3%
-95.6%
AXP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
AXP
AXP
FENC
FENC
Revenue
$18.9M
$13.8M
Net Profit
$3.0M
$-4.8M
Gross Margin
Operating Margin
-18.5%
Net Margin
15.7%
-34.7%
Revenue YoY
11.4%
73.8%
Net Profit YoY
15.0%
-141.1%
EPS (diluted)
$-0.17

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
AXP
AXP
FENC
FENC
Q1 26
$18.9M
Q4 25
$10.9B
$13.8M
Q3 25
$10.4B
$12.5M
Q2 25
$10.3B
$9.7M
Q1 25
$9.6B
$8.8M
Q4 24
$10.0B
$7.9M
Q3 24
$9.7B
$7.0M
Q2 24
$9.8B
$7.3M
Net Profit
AXP
AXP
FENC
FENC
Q1 26
$3.0M
Q4 25
$2.5B
$-4.8M
Q3 25
$2.9B
$-638.0K
Q2 25
$2.9B
$-3.2M
Q1 25
$2.6B
$-1.2M
Q4 24
$2.2B
$-2.0M
Q3 24
$2.5B
$-5.7M
Q2 24
$3.0B
$-5.6M
Operating Margin
AXP
AXP
FENC
FENC
Q1 26
Q4 25
28.2%
-18.5%
Q3 25
36.7%
-1.5%
Q2 25
34.4%
-28.3%
Q1 25
34.6%
-9.2%
Q4 24
27.7%
-11.8%
Q3 24
33.0%
-74.6%
Q2 24
38.6%
-69.4%
Net Margin
AXP
AXP
FENC
FENC
Q1 26
15.7%
Q4 25
22.5%
-34.7%
Q3 25
27.9%
-5.1%
Q2 25
28.0%
-32.7%
Q1 25
26.8%
-13.3%
Q4 24
21.8%
-25.0%
Q3 24
25.8%
-82.2%
Q2 24
30.7%
-76.5%
EPS (diluted)
AXP
AXP
FENC
FENC
Q1 26
Q4 25
$3.52
$-0.17
Q3 25
$4.14
$-0.02
Q2 25
$4.08
$-0.11
Q1 25
$3.64
$-0.04
Q4 24
$3.04
$-0.02
Q3 24
$3.49
$-0.21
Q2 24
$4.15
$-0.20

Balance Sheet & Financial Strength

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

Metric
AXP
AXP
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$36.8M
Total DebtLower is stronger
$60.4M
Stockholders' EquityBook value
$34.0M
$35.5M
Total Assets
$308.9M
$70.6M
Debt / EquityLower = less leverage
1.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXP
AXP
FENC
FENC
Q1 26
Q4 25
$742.0M
$36.8M
Q3 25
$1.3B
$21.9M
Q2 25
$197.0M
$18.7M
Q1 25
$261.0M
$22.7M
Q4 24
$221.0M
$26.6M
Q3 24
$120.0M
$40.3M
Q2 24
$188.0M
$43.1M
Total Debt
AXP
AXP
FENC
FENC
Q1 26
$60.4M
Q4 25
$56.4B
Q3 25
$57.8B
$19.4M
Q2 25
$58.2B
$19.4M
Q1 25
$51.2B
$19.4M
Q4 24
$49.7B
$19.3M
Q3 24
$53.5B
$32.1M
Q2 24
$51.5B
$31.8M
Stockholders' Equity
AXP
AXP
FENC
FENC
Q1 26
$34.0M
Q4 25
$33.5B
$35.5M
Q3 25
$32.4B
$-4.5M
Q2 25
$32.3B
$-7.5M
Q1 25
$31.2B
$-5.9M
Q4 24
$30.3B
$-5.9M
Q3 24
$29.7B
$-5.2M
Q2 24
$29.5B
$-1.4M
Total Assets
AXP
AXP
FENC
FENC
Q1 26
$308.9M
Q4 25
$300.1B
$70.6M
Q3 25
$297.6B
$49.3M
Q2 25
$295.6B
$44.9M
Q1 25
$282.2B
$46.4M
Q4 24
$271.5B
$44.9M
Q3 24
$271.0B
$58.9M
Q2 24
$272.2B
$63.2M
Debt / Equity
AXP
AXP
FENC
FENC
Q1 26
1.78×
Q4 25
1.68×
Q3 25
1.78×
Q2 25
1.80×
Q1 25
1.64×
Q4 24
1.64×
Q3 24
1.80×
Q2 24
1.74×

Cash Flow & Capital Efficiency

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

Metric
AXP
AXP
FENC
FENC
Operating Cash FlowLast quarter
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXP
AXP
FENC
FENC
Q1 26
Q4 25
$3.1B
$-6.0M
Q3 25
$6.2B
$1.5M
Q2 25
$4.4B
$-3.7M
Q1 25
$4.8B
$-4.3M
Q4 24
$5.8B
$-1.5M
Q3 24
$-1.8B
$-2.2M
Q2 24
$4.5B
$-8.4M
Free Cash Flow
AXP
AXP
FENC
FENC
Q1 26
Q4 25
$2.3B
Q3 25
$5.6B
Q2 25
$3.7B
Q1 25
$4.3B
Q4 24
$5.3B
Q3 24
$-2.3B
Q2 24
$4.0B
FCF Margin
AXP
AXP
FENC
FENC
Q1 26
Q4 25
21.4%
Q3 25
53.6%
Q2 25
36.3%
Q1 25
45.0%
Q4 24
53.1%
Q3 24
-23.3%
Q2 24
40.4%
Capex Intensity
AXP
AXP
FENC
FENC
Q1 26
Q4 25
6.6%
Q3 25
6.3%
Q2 25
6.0%
Q1 25
4.5%
Q4 24
5.0%
Q3 24
4.7%
Q2 24
5.8%
Cash Conversion
AXP
AXP
FENC
FENC
Q1 26
Q4 25
1.25×
Q3 25
2.15×
Q2 25
1.51×
Q1 25
1.84×
Q4 24
2.66×
Q3 24
-0.72×
Q2 24
1.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AXP
AXP

Discount revenue$9.5M50%
Other$8.9M47%
Deposits with banks and other$512.0K3%

FENC
FENC

Segment breakdown not available.

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