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Side-by-side financial comparison of Bioceres Crop Solutions Corp. (BIOX) and Vericel Corp (VCEL). Click either name above to swap in a different company.

Vericel Corp is the larger business by last-quarter revenue ($92.9M vs $77.6M, roughly 1.2× Bioceres Crop Solutions Corp.). Vericel Corp runs the higher net margin — 25.0% vs -9.6%, a 34.6% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs -16.8%). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs -8.4%).

Bioceres Crop Solutions Corp is a global agricultural technology firm that develops and commercializes sustainable crop solutions including drought-tolerant seed traits, biofertilizers, and biopesticides. It serves farmers across South America, North America, Europe and Asia-Pacific, focusing on raising crop yields while reducing the environmental footprint of agricultural activities.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

BIOX vs VCEL — Head-to-Head

Bigger by revenue
VCEL
VCEL
1.2× larger
VCEL
$92.9M
$77.6M
BIOX
Growing faster (revenue YoY)
VCEL
VCEL
+40.1% gap
VCEL
23.3%
-16.8%
BIOX
Higher net margin
VCEL
VCEL
34.6% more per $
VCEL
25.0%
-9.6%
BIOX
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
-8.4%
BIOX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BIOX
BIOX
VCEL
VCEL
Revenue
$77.6M
$92.9M
Net Profit
$-7.4M
$23.2M
Gross Margin
46.8%
78.7%
Operating Margin
9.3%
24.1%
Net Margin
-9.6%
25.0%
Revenue YoY
-16.8%
23.3%
Net Profit YoY
-20.2%
17.3%
EPS (diluted)
$-0.12
$0.46

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
BIOX
BIOX
VCEL
VCEL
Q4 25
$92.9M
Q3 25
$77.6M
$67.5M
Q2 25
$63.2M
Q1 25
$60.6M
$52.6M
Q4 24
$98.8M
$75.4M
Q3 24
$93.3M
$57.9M
Q2 24
$52.7M
Q1 24
$84.0M
$51.3M
Net Profit
BIOX
BIOX
VCEL
VCEL
Q4 25
$23.2M
Q3 25
$-7.4M
$5.1M
Q2 25
$-553.0K
Q1 25
$-1.6M
$-11.2M
Q4 24
$605.2K
$19.8M
Q3 24
$-6.2M
$-901.0K
Q2 24
$-4.7M
Q1 24
$9.8M
$-3.9M
Gross Margin
BIOX
BIOX
VCEL
VCEL
Q4 25
78.7%
Q3 25
46.8%
73.5%
Q2 25
73.7%
Q1 25
39.4%
69.0%
Q4 24
42.0%
77.6%
Q3 24
40.2%
71.9%
Q2 24
69.5%
Q1 24
50.8%
68.9%
Operating Margin
BIOX
BIOX
VCEL
VCEL
Q4 25
24.1%
Q3 25
9.3%
5.1%
Q2 25
-3.2%
Q1 25
1.5%
-24.3%
Q4 24
14.5%
24.5%
Q3 24
2.5%
-4.3%
Q2 24
-11.5%
Q1 24
15.7%
-10.7%
Net Margin
BIOX
BIOX
VCEL
VCEL
Q4 25
25.0%
Q3 25
-9.6%
7.5%
Q2 25
-0.9%
Q1 25
-2.6%
-21.4%
Q4 24
0.6%
26.3%
Q3 24
-6.6%
-1.6%
Q2 24
-8.9%
Q1 24
11.6%
-7.5%
EPS (diluted)
BIOX
BIOX
VCEL
VCEL
Q4 25
$0.46
Q3 25
$-0.12
$0.10
Q2 25
$-0.01
Q1 25
$-0.02
$-0.23
Q4 24
$0.00
$0.40
Q3 24
$-0.10
$-0.02
Q2 24
$-0.10
Q1 24
$0.14
$-0.08

Balance Sheet & Financial Strength

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

Metric
BIOX
BIOX
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$15.5M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$288.3M
$354.6M
Total Assets
$734.9M
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIOX
BIOX
VCEL
VCEL
Q4 25
$137.5M
Q3 25
$15.5M
$135.4M
Q2 25
$116.9M
Q1 25
$38.5M
$112.9M
Q4 24
$29.2M
$116.2M
Q3 24
$32.3M
$101.7M
Q2 24
$102.5M
Q1 24
$16.4M
$110.6M
Stockholders' Equity
BIOX
BIOX
VCEL
VCEL
Q4 25
$354.6M
Q3 25
$288.3M
$321.9M
Q2 25
$306.8M
Q1 25
$345.0M
$295.5M
Q4 24
$346.3M
$292.0M
Q3 24
$346.0M
$257.5M
Q2 24
$243.0M
Q1 24
$348.5M
$233.9M
Total Assets
BIOX
BIOX
VCEL
VCEL
Q4 25
$488.0M
Q3 25
$734.9M
$453.3M
Q2 25
$435.6M
Q1 25
$798.2M
$424.6M
Q4 24
$835.2M
$432.7M
Q3 24
$827.3M
$390.4M
Q2 24
$376.8M
Q1 24
$836.1M
$356.7M

Cash Flow & Capital Efficiency

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

Metric
BIOX
BIOX
VCEL
VCEL
Operating Cash FlowLast quarter
$14.4M
$15.0M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIOX
BIOX
VCEL
VCEL
Q4 25
$15.0M
Q3 25
$14.4M
$22.1M
Q2 25
$8.2M
Q1 25
$23.3M
$6.6M
Q4 24
$-5.4M
$22.2M
Q3 24
$5.2M
$10.2M
Q2 24
$18.5M
Q1 24
$-17.4M
$7.2M
Free Cash Flow
BIOX
BIOX
VCEL
VCEL
Q4 25
$12.8M
Q3 25
$19.5M
Q2 25
$81.0K
Q1 25
$-7.6M
Q4 24
$8.5M
Q3 24
$-9.2M
Q2 24
$1.8M
Q1 24
$-6.8M
FCF Margin
BIOX
BIOX
VCEL
VCEL
Q4 25
13.8%
Q3 25
28.8%
Q2 25
0.1%
Q1 25
-14.5%
Q4 24
11.2%
Q3 24
-15.9%
Q2 24
3.4%
Q1 24
-13.3%
Capex Intensity
BIOX
BIOX
VCEL
VCEL
Q4 25
2.4%
Q3 25
3.9%
Q2 25
12.9%
Q1 25
27.0%
Q4 24
18.3%
Q3 24
33.5%
Q2 24
31.8%
Q1 24
27.3%
Cash Conversion
BIOX
BIOX
VCEL
VCEL
Q4 25
0.65×
Q3 25
4.35×
Q2 25
Q1 25
Q4 24
-8.85×
1.12×
Q3 24
Q2 24
Q1 24
-1.78×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIOX
BIOX

Segment breakdown not available.

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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