vs

Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and KINGSTONE COMPANIES, INC. (KINS). Click either name above to swap in a different company.

BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $56.4M, roughly 1.5× KINGSTONE COMPANIES, INC.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs 6.8%, a 19.3% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 34.0%). KINGSTONE COMPANIES, INC. produced more free cash flow last quarter ($73.1M vs $6.5M).

BillionToOne, Inc. is a life sciences and molecular diagnostics firm developing high-precision genetic testing solutions. Its core offerings include non-invasive prenatal tests, oncology diagnostics, and rare disease screening, serving clinical providers and patients mainly in North America.

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

BLLN vs KINS — Head-to-Head

Bigger by revenue
BLLN
BLLN
1.5× larger
BLLN
$83.5M
$56.4M
KINS
Growing faster (revenue YoY)
BLLN
BLLN
+83.4% gap
BLLN
117.4%
34.0%
KINS
Higher net margin
KINS
KINS
19.3% more per $
KINS
26.2%
6.8%
BLLN
More free cash flow
KINS
KINS
$66.6M more FCF
KINS
$73.1M
$6.5M
BLLN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
KINS
KINS
Revenue
$83.5M
$56.4M
Net Profit
$5.7M
$14.8M
Gross Margin
69.9%
Operating Margin
11.5%
32.7%
Net Margin
6.8%
26.2%
Revenue YoY
117.4%
34.0%
Net Profit YoY
138.3%
171.4%
EPS (diluted)
$0.10
$1.09

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
BLLN
BLLN
KINS
KINS
Q4 25
$56.4M
Q3 25
$83.5M
$55.7M
Q2 25
$52.3M
Q1 25
$50.5M
Q4 24
$42.1M
Q3 24
$38.4M
$40.8M
Q2 24
$36.5M
Q1 24
$35.8M
Net Profit
BLLN
BLLN
KINS
KINS
Q4 25
$14.8M
Q3 25
$5.7M
$10.9M
Q2 25
$11.3M
Q1 25
$3.9M
Q4 24
$5.4M
Q3 24
$-14.9M
$7.0M
Q2 24
$4.5M
Q1 24
$1.4M
Gross Margin
BLLN
BLLN
KINS
KINS
Q4 25
Q3 25
69.9%
Q2 25
Q1 25
Q4 24
Q3 24
52.6%
Q2 24
Q1 24
Operating Margin
BLLN
BLLN
KINS
KINS
Q4 25
32.7%
Q3 25
11.5%
24.6%
Q2 25
27.1%
Q1 25
9.3%
Q4 24
15.9%
Q3 24
-32.9%
22.3%
Q2 24
15.7%
Q1 24
5.0%
Net Margin
BLLN
BLLN
KINS
KINS
Q4 25
26.2%
Q3 25
6.8%
19.5%
Q2 25
21.5%
Q1 25
7.7%
Q4 24
12.9%
Q3 24
-38.8%
17.1%
Q2 24
12.4%
Q1 24
4.0%
EPS (diluted)
BLLN
BLLN
KINS
KINS
Q4 25
$1.09
Q3 25
$0.10
$0.74
Q2 25
$0.78
Q1 25
$0.27
Q4 24
$0.44
Q3 24
$-1.47
$0.55
Q2 24
$0.37
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$195.2M
Total DebtLower is stronger
$55.0M
$4.4M
Stockholders' EquityBook value
$-239.5M
$122.7M
Total Assets
$327.5M
$453.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
KINS
KINS
Q4 25
Q3 25
$195.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
BLLN
BLLN
KINS
KINS
Q4 25
$4.4M
Q3 25
$55.0M
$4.8M
Q2 25
$5.1M
Q1 25
$5.4M
Q4 24
$11.2M
Q3 24
$17.3M
Q2 24
$25.3M
Q1 24
$25.3M
Stockholders' Equity
BLLN
BLLN
KINS
KINS
Q4 25
$122.7M
Q3 25
$-239.5M
$107.7M
Q2 25
$94.9M
Q1 25
$82.2M
Q4 24
$66.7M
Q3 24
$-242.9M
$59.7M
Q2 24
$40.8M
Q1 24
$35.7M
Total Assets
BLLN
BLLN
KINS
KINS
Q4 25
$453.4M
Q3 25
$327.5M
$428.6M
Q2 25
$393.4M
Q1 25
$385.4M
Q4 24
$374.9M
Q3 24
$347.0M
Q2 24
$319.8M
Q1 24
$318.3M
Debt / Equity
BLLN
BLLN
KINS
KINS
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.05×
Q1 25
0.07×
Q4 24
0.17×
Q3 24
0.29×
Q2 24
0.62×
Q1 24
0.71×

Cash Flow & Capital Efficiency

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

Metric
BLLN
BLLN
KINS
KINS
Operating Cash FlowLast quarter
$13.8M
$75.9M
Free Cash FlowOCF − Capex
$6.5M
$73.1M
FCF MarginFCF / Revenue
7.7%
129.5%
Capex IntensityCapex / Revenue
8.8%
5.0%
Cash ConversionOCF / Net Profit
2.42×
5.14×
TTM Free Cash FlowTrailing 4 quarters
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
KINS
KINS
Q4 25
$75.9M
Q3 25
$13.8M
$25.9M
Q2 25
$9.3M
Q1 25
$17.9M
Q4 24
$57.9M
Q3 24
$21.7M
Q2 24
$7.1M
Q1 24
$6.1M
Free Cash Flow
BLLN
BLLN
KINS
KINS
Q4 25
$73.1M
Q3 25
$6.5M
$25.3M
Q2 25
$8.7M
Q1 25
$17.0M
Q4 24
$55.6M
Q3 24
$21.0M
Q2 24
$6.6M
Q1 24
$5.6M
FCF Margin
BLLN
BLLN
KINS
KINS
Q4 25
129.5%
Q3 25
7.7%
45.4%
Q2 25
16.6%
Q1 25
33.7%
Q4 24
132.1%
Q3 24
51.6%
Q2 24
18.1%
Q1 24
15.5%
Capex Intensity
BLLN
BLLN
KINS
KINS
Q4 25
5.0%
Q3 25
8.8%
1.2%
Q2 25
1.1%
Q1 25
1.7%
Q4 24
5.6%
Q3 24
1.7%
Q2 24
1.4%
Q1 24
1.5%
Cash Conversion
BLLN
BLLN
KINS
KINS
Q4 25
5.14×
Q3 25
2.42×
2.38×
Q2 25
0.82×
Q1 25
4.60×
Q4 24
10.65×
Q3 24
3.12×
Q2 24
1.58×
Q1 24
4.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLLN
BLLN

Prenatal$74.1M89%
Oncology$8.7M10%

KINS
KINS

Segment breakdown not available.

Related Comparisons