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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.

STURM RUGER & CO INC is the larger business by last-quarter revenue ($151.1M vs $83.5M, roughly 1.8× BillionToOne, Inc.). On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 3.6%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M 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.

Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

BLLN vs RGR — Head-to-Head

Bigger by revenue
RGR
RGR
1.8× larger
RGR
$151.1M
$83.5M
BLLN
Growing faster (revenue YoY)
BLLN
BLLN
+113.8% gap
BLLN
117.4%
3.6%
RGR
More free cash flow
RGR
RGR
$5.9M more FCF
RGR
$12.3M
$6.5M
BLLN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
RGR
RGR
Revenue
$83.5M
$151.1M
Net Profit
$5.7M
Gross Margin
69.9%
17.8%
Operating Margin
11.5%
2.3%
Net Margin
6.8%
Revenue YoY
117.4%
3.6%
Net Profit YoY
138.3%
EPS (diluted)
$0.10
$0.22

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
RGR
RGR
Q4 25
$151.1M
Q3 25
$83.5M
$126.8M
Q2 25
$132.5M
Q1 25
$135.7M
Q4 24
$145.8M
Q3 24
$38.4M
$122.3M
Q2 24
$130.8M
Q1 24
$136.8M
Net Profit
BLLN
BLLN
RGR
RGR
Q4 25
Q3 25
$5.7M
$1.6M
Q2 25
$-17.2M
Q1 25
$7.8M
Q4 24
Q3 24
$-14.9M
$4.7M
Q2 24
$8.3M
Q1 24
$7.1M
Gross Margin
BLLN
BLLN
RGR
RGR
Q4 25
17.8%
Q3 25
69.9%
15.1%
Q2 25
3.9%
Q1 25
22.0%
Q4 24
22.8%
Q3 24
52.6%
18.5%
Q2 24
22.3%
Q1 24
21.5%
Operating Margin
BLLN
BLLN
RGR
RGR
Q4 25
2.3%
Q3 25
11.5%
-2.7%
Q2 25
-15.6%
Q1 25
6.2%
Q4 24
7.8%
Q3 24
-32.9%
3.1%
Q2 24
6.9%
Q1 24
5.5%
Net Margin
BLLN
BLLN
RGR
RGR
Q4 25
Q3 25
6.8%
1.2%
Q2 25
-13.0%
Q1 25
5.7%
Q4 24
Q3 24
-38.8%
3.9%
Q2 24
6.3%
Q1 24
5.2%
EPS (diluted)
BLLN
BLLN
RGR
RGR
Q4 25
$0.22
Q3 25
$0.10
$0.10
Q2 25
$-1.05
Q1 25
$0.46
Q4 24
$0.62
Q3 24
$-1.47
$0.28
Q2 24
$0.47
Q1 24
$0.40

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
RGR
RGR
Cash + ST InvestmentsLiquidity on hand
$195.2M
$92.5M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$-239.5M
$283.8M
Total Assets
$327.5M
$342.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
RGR
RGR
Q4 25
$92.5M
Q3 25
$195.2M
$80.8M
Q2 25
$101.4M
Q1 25
$108.3M
Q4 24
$105.5M
Q3 24
$96.0M
Q2 24
$105.6M
Q1 24
$115.3M
Total Debt
BLLN
BLLN
RGR
RGR
Q4 25
Q3 25
$55.0M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BLLN
BLLN
RGR
RGR
Q4 25
$283.8M
Q3 25
$-239.5M
$279.6M
Q2 25
$289.3M
Q1 25
$321.5M
Q4 24
$319.6M
Q3 24
$-242.9M
$314.9M
Q2 24
$321.5M
Q1 24
$332.0M
Total Assets
BLLN
BLLN
RGR
RGR
Q4 25
$342.0M
Q3 25
$327.5M
$342.3M
Q2 25
$349.5M
Q1 25
$379.0M
Q4 24
$384.0M
Q3 24
$373.5M
Q2 24
$376.7M
Q1 24
$385.0M

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
RGR
RGR
Operating Cash FlowLast quarter
$13.8M
$15.5M
Free Cash FlowOCF − Capex
$6.5M
$12.3M
FCF MarginFCF / Revenue
7.7%
8.2%
Capex IntensityCapex / Revenue
8.8%
2.1%
Cash ConversionOCF / Net Profit
2.42×
TTM Free Cash FlowTrailing 4 quarters
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
RGR
RGR
Q4 25
$15.5M
Q3 25
$13.8M
$12.9M
Q2 25
$14.7M
Q1 25
$11.1M
Q4 24
$20.0M
Q3 24
$9.4M
Q2 24
$18.7M
Q1 24
$7.3M
Free Cash Flow
BLLN
BLLN
RGR
RGR
Q4 25
$12.3M
Q3 25
$6.5M
$7.0M
Q2 25
$9.1M
Q1 25
$10.0M
Q4 24
$16.4M
Q3 24
$2.6M
Q2 24
$10.1M
Q1 24
$5.6M
FCF Margin
BLLN
BLLN
RGR
RGR
Q4 25
8.2%
Q3 25
7.7%
5.5%
Q2 25
6.9%
Q1 25
7.4%
Q4 24
11.2%
Q3 24
2.1%
Q2 24
7.7%
Q1 24
4.1%
Capex Intensity
BLLN
BLLN
RGR
RGR
Q4 25
2.1%
Q3 25
8.8%
4.6%
Q2 25
4.2%
Q1 25
0.8%
Q4 24
2.5%
Q3 24
5.5%
Q2 24
6.6%
Q1 24
1.3%
Cash Conversion
BLLN
BLLN
RGR
RGR
Q4 25
Q3 25
2.42×
8.15×
Q2 25
Q1 25
1.43×
Q4 24
Q3 24
1.98×
Q2 24
2.27×
Q1 24
1.04×

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%

RGR
RGR

Firearms$150.6M100%
Castings$7.3M5%

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