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Side-by-side financial comparison of Axsome Therapeutics, Inc. (AXSM) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

Axsome Therapeutics, Inc. is the larger business by last-quarter revenue ($196.0M vs $164.7M, roughly 1.2× PTC THERAPEUTICS, INC.). Axsome Therapeutics, Inc. runs the higher net margin — -14.6% vs -82.0%, a 67.4% gap on every dollar of revenue. On growth, Axsome Therapeutics, Inc. posted the faster year-over-year revenue change (65.0% vs -22.7%). Axsome Therapeutics, Inc. produced more free cash flow last quarter ($-18.7M vs $-36.6M). Over the past eight quarters, Axsome Therapeutics, Inc.'s revenue compounded faster (61.7% CAGR vs -11.5%).

Jazz Pharmaceuticals plc is a global biopharmaceutical company with a focus on oncology and neuroscience. It was founded in 2003 in California, United States and is now headquartered in Dublin, Ireland.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

AXSM vs PTCT — Head-to-Head

Bigger by revenue
AXSM
AXSM
1.2× larger
AXSM
$196.0M
$164.7M
PTCT
Growing faster (revenue YoY)
AXSM
AXSM
+87.8% gap
AXSM
65.0%
-22.7%
PTCT
Higher net margin
AXSM
AXSM
67.4% more per $
AXSM
-14.6%
-82.0%
PTCT
More free cash flow
AXSM
AXSM
$17.9M more FCF
AXSM
$-18.7M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
AXSM
AXSM
Annualised
AXSM
61.7%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AXSM
AXSM
PTCT
PTCT
Revenue
$196.0M
$164.7M
Net Profit
$-28.6M
$-135.0M
Gross Margin
Operating Margin
-13.8%
-43.3%
Net Margin
-14.6%
-82.0%
Revenue YoY
65.0%
-22.7%
Net Profit YoY
61.9%
-104.8%
EPS (diluted)
$-0.55
$-1.63

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
AXSM
AXSM
PTCT
PTCT
Q4 25
$196.0M
$164.7M
Q3 25
$171.0M
$211.0M
Q2 25
$150.0M
$178.9M
Q1 25
$121.5M
$1.2B
Q4 24
$118.8M
$213.2M
Q3 24
$104.8M
$196.8M
Q2 24
$87.2M
$186.7M
Q1 24
$75.0M
$210.1M
Net Profit
AXSM
AXSM
PTCT
PTCT
Q4 25
$-28.6M
$-135.0M
Q3 25
$-47.2M
$15.9M
Q2 25
$-48.0M
$-64.8M
Q1 25
$-59.4M
$866.6M
Q4 24
$-74.9M
$-65.9M
Q3 24
$-64.6M
$-106.7M
Q2 24
$-79.3M
$-99.2M
Q1 24
$-68.4M
$-91.6M
Operating Margin
AXSM
AXSM
PTCT
PTCT
Q4 25
-13.8%
-43.3%
Q3 25
-27.0%
1.4%
Q2 25
-24.5%
-19.5%
Q1 25
-46.9%
82.5%
Q4 24
-61.1%
-76.2%
Q3 24
-59.8%
-27.7%
Q2 24
-89.5%
-21.5%
Q1 24
-89.7%
-21.6%
Net Margin
AXSM
AXSM
PTCT
PTCT
Q4 25
-14.6%
-82.0%
Q3 25
-27.6%
7.5%
Q2 25
-32.0%
-36.3%
Q1 25
-48.9%
73.7%
Q4 24
-63.1%
-30.9%
Q3 24
-61.7%
-54.2%
Q2 24
-91.0%
-53.1%
Q1 24
-91.1%
-43.6%
EPS (diluted)
AXSM
AXSM
PTCT
PTCT
Q4 25
$-0.55
$-1.63
Q3 25
$-0.94
$0.20
Q2 25
$-0.97
$-0.83
Q1 25
$-1.22
$10.04
Q4 24
$-1.54
$-0.85
Q3 24
$-1.34
$-1.39
Q2 24
$-1.67
$-1.29
Q1 24
$-1.44
$-1.20

Balance Sheet & Financial Strength

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

Metric
AXSM
AXSM
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$322.9M
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$88.3M
$-205.3M
Total Assets
$689.8M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXSM
AXSM
PTCT
PTCT
Q4 25
$322.9M
$1.9B
Q3 25
$325.3M
$1.7B
Q2 25
$303.0M
$2.0B
Q1 25
$300.9M
$2.0B
Q4 24
$315.4M
$1.1B
Q3 24
$327.3M
$1.0B
Q2 24
$315.7M
$1.1B
Q1 24
$331.4M
$884.8M
Stockholders' Equity
AXSM
AXSM
PTCT
PTCT
Q4 25
$88.3M
$-205.3M
Q3 25
$73.7M
$-155.8M
Q2 25
$73.1M
$-206.5M
Q1 25
$53.2M
$-185.8M
Q4 24
$57.0M
$-1.1B
Q3 24
$92.9M
$-1.1B
Q2 24
$102.9M
$-980.2M
Q1 24
$144.0M
$-893.9M
Total Assets
AXSM
AXSM
PTCT
PTCT
Q4 25
$689.8M
$2.9B
Q3 25
$669.3M
$2.6B
Q2 25
$639.8M
$2.6B
Q1 25
$596.7M
$2.7B
Q4 24
$568.5M
$1.7B
Q3 24
$561.5M
$1.8B
Q2 24
$548.2M
$1.9B
Q1 24
$545.7M
$1.8B

Cash Flow & Capital Efficiency

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

Metric
AXSM
AXSM
PTCT
PTCT
Operating Cash FlowLast quarter
$-18.7M
$-34.3M
Free Cash FlowOCF − Capex
$-18.7M
$-36.6M
FCF MarginFCF / Revenue
-9.6%
-22.3%
Capex IntensityCapex / Revenue
0.0%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-93.9M
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXSM
AXSM
PTCT
PTCT
Q4 25
$-18.7M
$-34.3M
Q3 25
$1.0M
$-66.3M
Q2 25
$-32.4M
$-58.3M
Q1 25
$-43.4M
$870.1M
Q4 24
$-26.2M
$-30.0M
Q3 24
$-18.6M
$-77.0M
Q2 24
$-30.1M
$-71.5M
Q1 24
$-53.5M
$70.8M
Free Cash Flow
AXSM
AXSM
PTCT
PTCT
Q4 25
$-18.7M
$-36.6M
Q3 25
$988.0K
$-69.7M
Q2 25
$-32.4M
$-59.6M
Q1 25
$-43.7M
$868.4M
Q4 24
$-26.2M
$-33.8M
Q3 24
$-18.7M
$-77.5M
Q2 24
$-30.2M
$-78.8M
Q1 24
$-53.6M
$61.2M
FCF Margin
AXSM
AXSM
PTCT
PTCT
Q4 25
-9.6%
-22.3%
Q3 25
0.6%
-33.1%
Q2 25
-21.6%
-33.3%
Q1 25
-36.0%
73.8%
Q4 24
-22.1%
-15.8%
Q3 24
-17.9%
-39.4%
Q2 24
-34.6%
-42.2%
Q1 24
-71.4%
29.1%
Capex Intensity
AXSM
AXSM
PTCT
PTCT
Q4 25
0.0%
1.4%
Q3 25
0.0%
1.6%
Q2 25
0.0%
0.7%
Q1 25
0.3%
0.1%
Q4 24
0.0%
1.8%
Q3 24
0.1%
0.3%
Q2 24
0.1%
4.0%
Q1 24
0.1%
4.6%
Cash Conversion
AXSM
AXSM
PTCT
PTCT
Q4 25
Q3 25
-4.17×
Q2 25
Q1 25
1.00×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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