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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and SILICOM LTD. (SILC). Click either name above to swap in a different company.

BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $61.9M, roughly 1.3× SILICOM LTD.). BillionToOne, Inc. runs the higher net margin — 6.8% vs -18.5%, a 25.4% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs 6.6%). BillionToOne, Inc. produced more free cash flow last quarter ($6.5M vs $-3.3M).

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.

Silicom Ltd. is a publicly traded company, headquartered in Israel, that specializes in the design, manufacture and marketing of connectivity solutions for a range of servers and server-based systems. Its shares are listed on the NASDAQ Global Market and on the Tel Aviv Stock Exchange. Silicom is a member of the RAD Group family of companies.

BLLN vs SILC — Head-to-Head

Bigger by revenue
BLLN
BLLN
1.3× larger
BLLN
$83.5M
$61.9M
SILC
Growing faster (revenue YoY)
BLLN
BLLN
+110.8% gap
BLLN
117.4%
6.6%
SILC
Higher net margin
BLLN
BLLN
25.4% more per $
BLLN
6.8%
-18.5%
SILC
More free cash flow
BLLN
BLLN
$9.8M more FCF
BLLN
$6.5M
$-3.3M
SILC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
SILC
SILC
Revenue
$83.5M
$61.9M
Net Profit
$5.7M
$-11.5M
Gross Margin
69.9%
30.6%
Operating Margin
11.5%
-19.8%
Net Margin
6.8%
-18.5%
Revenue YoY
117.4%
6.6%
Net Profit YoY
138.3%
16.3%
EPS (diluted)
$0.10
$-2.01

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
SILC
SILC
Q4 25
$61.9M
Q3 25
$83.5M
Q4 24
$58.1M
Q3 24
$38.4M
Net Profit
BLLN
BLLN
SILC
SILC
Q4 25
$-11.5M
Q3 25
$5.7M
Q4 24
$-13.7M
Q3 24
$-14.9M
Gross Margin
BLLN
BLLN
SILC
SILC
Q4 25
30.6%
Q3 25
69.9%
Q4 24
28.6%
Q3 24
52.6%
Operating Margin
BLLN
BLLN
SILC
SILC
Q4 25
-19.8%
Q3 25
11.5%
Q4 24
-22.8%
Q3 24
-32.9%
Net Margin
BLLN
BLLN
SILC
SILC
Q4 25
-18.5%
Q3 25
6.8%
Q4 24
-23.6%
Q3 24
-38.8%
EPS (diluted)
BLLN
BLLN
SILC
SILC
Q4 25
$-2.01
Q3 25
$0.10
Q4 24
$-2.28
Q3 24
$-1.47

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
SILC
SILC
Cash + ST InvestmentsLiquidity on hand
$195.2M
$42.1M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$-239.5M
$117.5M
Total Assets
$327.5M
$152.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
SILC
SILC
Q4 25
$42.1M
Q3 25
$195.2M
Q4 24
$72.1M
Q3 24
Total Debt
BLLN
BLLN
SILC
SILC
Q4 25
Q3 25
$55.0M
Q4 24
Q3 24
Stockholders' Equity
BLLN
BLLN
SILC
SILC
Q4 25
$117.5M
Q3 25
$-239.5M
Q4 24
$127.8M
Q3 24
$-242.9M
Total Assets
BLLN
BLLN
SILC
SILC
Q4 25
$152.2M
Q3 25
$327.5M
Q4 24
$150.4M
Q3 24

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
SILC
SILC
Operating Cash FlowLast quarter
$13.8M
$-2.2M
Free Cash FlowOCF − Capex
$6.5M
$-3.3M
FCF MarginFCF / Revenue
7.7%
-5.4%
Capex IntensityCapex / Revenue
8.8%
1.9%
Cash ConversionOCF / Net Profit
2.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
SILC
SILC
Q4 25
$-2.2M
Q3 25
$13.8M
Q4 24
$18.3M
Q3 24
Free Cash Flow
BLLN
BLLN
SILC
SILC
Q4 25
$-3.3M
Q3 25
$6.5M
Q4 24
$17.4M
Q3 24
FCF Margin
BLLN
BLLN
SILC
SILC
Q4 25
-5.4%
Q3 25
7.7%
Q4 24
29.9%
Q3 24
Capex Intensity
BLLN
BLLN
SILC
SILC
Q4 25
1.9%
Q3 25
8.8%
Q4 24
1.6%
Q3 24
Cash Conversion
BLLN
BLLN
SILC
SILC
Q4 25
Q3 25
2.42×
Q4 24
Q3 24

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%

SILC
SILC

Segment breakdown not available.

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