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Side-by-side financial comparison of BIOLIFE SOLUTIONS INC (BLFS) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.

WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $18.8M, roughly 1.4× BIOLIFE SOLUTIONS INC). BIOLIFE SOLUTIONS INC runs the higher net margin — 58.9% vs 39.2%, a 19.7% gap on every dollar of revenue. On growth, BIOLIFE SOLUTIONS INC posted the faster year-over-year revenue change (24.3% vs 16.6%). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% CAGR vs 1.0%).

Biolife Solutions Inc. develops, manufactures and distributes specialized biopreservation products and cold chain management solutions for the cell and gene therapy, biopharmaceutical and regenerative medicine industries. It offers cryopreservation media, automated thawing systems, and temperature monitoring tools, serving biotech firms, research institutions and clinical labs globally.

West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.

BLFS vs WTBA — Head-to-Head

Bigger by revenue
WTBA
WTBA
1.4× larger
WTBA
$26.9M
$18.8M
BLFS
Growing faster (revenue YoY)
BLFS
BLFS
+7.7% gap
BLFS
24.3%
16.6%
WTBA
Higher net margin
BLFS
BLFS
19.7% more per $
BLFS
58.9%
39.2%
WTBA
Faster 2-yr revenue CAGR
WTBA
WTBA
Annualised
WTBA
17.3%
1.0%
BLFS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BLFS
BLFS
WTBA
WTBA
Revenue
$18.8M
$26.9M
Net Profit
$11.1M
$10.6M
Gross Margin
Operating Margin
7.2%
50.0%
Net Margin
58.9%
39.2%
Revenue YoY
24.3%
16.6%
Net Profit YoY
-11.1%
34.8%
EPS (diluted)
$0.23
$0.61

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
BLFS
BLFS
WTBA
WTBA
Q1 26
$26.9M
Q4 25
$18.8M
$24.2M
Q3 25
$28.1M
$25.0M
Q2 25
$25.4M
$23.8M
Q1 25
$23.9M
$23.1M
Q4 24
$15.1M
$20.9M
Q3 24
$21.4M
$20.3M
Q2 24
$19.7M
$19.6M
Net Profit
BLFS
BLFS
WTBA
WTBA
Q1 26
$10.6M
Q4 25
$11.1M
$7.4M
Q3 25
$621.0K
$9.3M
Q2 25
$-15.8M
$8.0M
Q1 25
$-448.0K
$7.8M
Q4 24
$12.5M
$7.1M
Q3 24
$-1.7M
$6.0M
Q2 24
$-20.7M
$5.2M
Operating Margin
BLFS
BLFS
WTBA
WTBA
Q1 26
50.0%
Q4 25
7.2%
39.6%
Q3 25
-0.3%
45.8%
Q2 25
-65.5%
43.4%
Q1 25
-5.1%
43.4%
Q4 24
3.6%
30.9%
Q3 24
-2.0%
36.6%
Q2 24
-6.6%
32.6%
Net Margin
BLFS
BLFS
WTBA
WTBA
Q1 26
39.2%
Q4 25
58.9%
30.7%
Q3 25
2.2%
37.3%
Q2 25
-62.3%
33.5%
Q1 25
-1.9%
34.0%
Q4 24
82.5%
34.0%
Q3 24
-8.0%
29.3%
Q2 24
-105.1%
26.5%
EPS (diluted)
BLFS
BLFS
WTBA
WTBA
Q1 26
$0.61
Q4 25
$0.23
$0.44
Q3 25
$0.01
$0.55
Q2 25
$-0.33
$0.47
Q1 25
$-0.01
$0.46
Q4 24
$0.27
$0.41
Q3 24
$-0.04
$0.35
Q2 24
$-0.45
$0.31

Balance Sheet & Financial Strength

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

Metric
BLFS
BLFS
WTBA
WTBA
Cash + ST InvestmentsLiquidity on hand
$33.0M
$362.0M
Total DebtLower is stronger
$5.0M
Stockholders' EquityBook value
$371.9M
$270.7M
Total Assets
$405.9M
$4.0B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLFS
BLFS
WTBA
WTBA
Q1 26
$362.0M
Q4 25
$33.0M
$471.1M
Q3 25
$29.5M
$232.9M
Q2 25
$31.9M
$345.2M
Q1 25
$66.9M
Q4 24
$91.5M
$243.5M
Q3 24
$24.0M
Q2 24
$22.0M
Total Debt
BLFS
BLFS
WTBA
WTBA
Q1 26
Q4 25
$5.0M
Q3 25
$7.5M
Q2 25
$10.1M
Q1 25
$12.9M
Q4 24
$15.9M
Q3 24
$20.1M
Q2 24
$21.1M
Stockholders' Equity
BLFS
BLFS
WTBA
WTBA
Q1 26
$270.7M
Q4 25
$371.9M
$266.0M
Q3 25
$353.7M
$255.1M
Q2 25
$347.2M
$240.9M
Q1 25
$352.6M
$237.9M
Q4 24
$348.9M
$227.9M
Q3 24
$325.5M
$235.4M
Q2 24
$321.4M
$223.9M
Total Assets
BLFS
BLFS
WTBA
WTBA
Q1 26
$4.0B
Q4 25
$405.9M
$4.1B
Q3 25
$392.1M
$4.0B
Q2 25
$387.2M
$4.1B
Q1 25
$395.1M
$4.0B
Q4 24
$399.5M
$4.0B
Q3 24
$381.7M
$4.0B
Q2 24
$375.0M
$4.0B
Debt / Equity
BLFS
BLFS
WTBA
WTBA
Q1 26
Q4 25
0.01×
Q3 25
0.02×
Q2 25
0.03×
Q1 25
0.04×
Q4 24
0.05×
Q3 24
0.06×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
BLFS
BLFS
WTBA
WTBA
Operating Cash FlowLast quarter
$4.9M
$12.9M
Free Cash FlowOCF − Capex
$12.4M
FCF MarginFCF / Revenue
46.0%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
0.44×
1.22×
TTM Free Cash FlowTrailing 4 quarters
$79.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLFS
BLFS
WTBA
WTBA
Q1 26
$12.9M
Q4 25
$4.9M
$46.5M
Q3 25
$6.1M
$11.4M
Q2 25
$7.4M
$13.5M
Q1 25
$1.7M
$9.7M
Q4 24
$1.6M
$39.8M
Q3 24
$4.8M
$12.9M
Q2 24
$6.5M
$10.0M
Free Cash Flow
BLFS
BLFS
WTBA
WTBA
Q1 26
$12.4M
Q4 25
$43.2M
Q3 25
$10.8M
Q2 25
$12.8M
Q1 25
$8.3M
Q4 24
$13.7M
Q3 24
$7.0M
Q2 24
$2.7M
FCF Margin
BLFS
BLFS
WTBA
WTBA
Q1 26
46.0%
Q4 25
178.3%
Q3 25
43.0%
Q2 25
53.6%
Q1 25
35.7%
Q4 24
65.6%
Q3 24
34.2%
Q2 24
14.0%
Capex Intensity
BLFS
BLFS
WTBA
WTBA
Q1 26
1.8%
Q4 25
13.7%
Q3 25
2.6%
Q2 25
3.2%
Q1 25
6.5%
Q4 24
125.3%
Q3 24
29.4%
Q2 24
37.1%
Cash Conversion
BLFS
BLFS
WTBA
WTBA
Q1 26
1.22×
Q4 25
0.44×
6.26×
Q3 25
9.83×
1.23×
Q2 25
1.70×
Q1 25
1.24×
Q4 24
0.13×
5.61×
Q3 24
2.17×
Q2 24
1.93×

Financial Flow Comparison

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

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