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Side-by-side financial comparison of BIOMERICA INC (BMRA) and IMMUCELL CORP (ICCC). Click either name above to swap in a different company.

IMMUCELL CORP is the larger business by last-quarter revenue ($5.5M vs $1.2M, roughly 4.6× BIOMERICA INC). IMMUCELL CORP runs the higher net margin — -2.5% vs -109.1%, a 106.6% gap on every dollar of revenue. On growth, IMMUCELL CORP posted the faster year-over-year revenue change (-8.4% vs -26.0%). Over the past eight quarters, BIOMERICA INC's revenue compounded faster (9.1% CAGR vs 3.9%).

Biomerica Inc. is a global medical technology company that develops, manufactures and markets diagnostic test kits and related medical products. Its portfolio covers gastrointestinal conditions, infectious diseases, food intolerances and point-of-care testing solutions, serving clinical labs, healthcare providers and retail healthcare segments across North America, Europe and Asia.

ImmuCell Corp is a US-based animal health biotechnology company that develops, manufactures and markets innovative products for livestock, primarily dairy cattle. Its core offerings include preventive and therapeutic solutions for common bovine health issues such as mastitis, serving agricultural producers and veterinary providers across North America.

BMRA vs ICCC — Head-to-Head

Bigger by revenue
ICCC
ICCC
4.6× larger
ICCC
$5.5M
$1.2M
BMRA
Growing faster (revenue YoY)
ICCC
ICCC
+17.6% gap
ICCC
-8.4%
-26.0%
BMRA
Higher net margin
ICCC
ICCC
106.6% more per $
ICCC
-2.5%
-109.1%
BMRA
Faster 2-yr revenue CAGR
BMRA
BMRA
Annualised
BMRA
9.1%
3.9%
ICCC

Income Statement — Q2 2026 vs Q3 2025

Metric
BMRA
BMRA
ICCC
ICCC
Revenue
$1.2M
$5.5M
Net Profit
$-1.3M
$-139.7K
Gross Margin
4.2%
42.9%
Operating Margin
-113.5%
0.4%
Net Margin
-109.1%
-2.5%
Revenue YoY
-26.0%
-8.4%
Net Profit YoY
-38.9%
80.1%
EPS (diluted)
$-0.45
$-0.02

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
BMRA
BMRA
ICCC
ICCC
Q4 25
$1.2M
Q3 25
$1.4M
$5.5M
Q2 25
$749.0K
$6.4M
Q1 25
$1.1M
$8.1M
Q4 24
$1.6M
$7.8M
Q3 24
$1.8M
$6.0M
Q2 24
$1.1M
$5.5M
Q1 24
$1.0M
$7.3M
Net Profit
BMRA
BMRA
ICCC
ICCC
Q4 25
$-1.3M
Q3 25
$2.0K
$-139.7K
Q2 25
$-1.5M
$501.9K
Q1 25
$-1.2M
$1.4M
Q4 24
$-950.0K
Q3 24
$-1.3M
$-701.7K
Q2 24
$-1.4M
$-1.5M
Q1 24
$-1.9M
$-437.9K
Gross Margin
BMRA
BMRA
ICCC
ICCC
Q4 25
4.2%
Q3 25
30.7%
42.9%
Q2 25
-33.0%
43.7%
Q1 25
1.7%
41.6%
Q4 24
26.7%
36.5%
Q3 24
16.0%
26.3%
Q2 24
2.1%
22.5%
Q1 24
-14.7%
31.6%
Operating Margin
BMRA
BMRA
ICCC
ICCC
Q4 25
-113.5%
Q3 25
-81.0%
0.4%
Q2 25
-209.1%
8.8%
Q1 25
-108.1%
13.9%
Q4 24
-60.7%
8.0%
Q3 24
-75.7%
-9.6%
Q2 24
-136.6%
-25.3%
Q1 24
-196.7%
-4.1%
Net Margin
BMRA
BMRA
ICCC
ICCC
Q4 25
-109.1%
Q3 25
0.1%
-2.5%
Q2 25
-206.1%
7.8%
Q1 25
-103.9%
17.9%
Q4 24
-58.1%
Q3 24
-72.8%
-11.7%
Q2 24
-127.1%
-28.0%
Q1 24
-188.6%
-6.0%
EPS (diluted)
BMRA
BMRA
ICCC
ICCC
Q4 25
$-0.45
Q3 25
$0.00
$-0.02
Q2 25
$-0.99
$0.06
Q1 25
$-0.48
$0.16
Q4 24
$-0.06
$0.09
Q3 24
$-0.63
$-0.09
Q2 24
$-2.57
$-0.20
Q1 24
$-0.11
$-0.06

Balance Sheet & Financial Strength

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

Metric
BMRA
BMRA
ICCC
ICCC
Cash + ST InvestmentsLiquidity on hand
$2.5M
$3.9M
Total DebtLower is stronger
$9.5M
Stockholders' EquityBook value
$4.4M
$29.8M
Total Assets
$6.0M
$45.7M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BMRA
BMRA
ICCC
ICCC
Q4 25
$2.5M
Q3 25
$3.1M
$3.9M
Q2 25
$3.1M
Q1 25
$3.1M
Q4 24
$2.4M
$3.8M
Q3 24
$2.8M
Q2 24
$4.2M
$1.3M
Q1 24
$5.3M
$960.3K
Total Debt
BMRA
BMRA
ICCC
ICCC
Q4 25
Q3 25
$9.5M
Q2 25
Q1 25
$8.7M
Q4 24
$9.0M
Q3 24
$9.4M
Q2 24
$9.8M
Q1 24
$10.2M
Stockholders' Equity
BMRA
BMRA
ICCC
ICCC
Q4 25
$4.4M
Q3 25
$5.2M
$29.8M
Q2 25
$4.1M
$29.9M
Q1 25
$5.5M
$29.0M
Q4 24
$5.1M
$27.5M
Q3 24
$5.3M
$26.4M
Q2 24
$6.6M
$23.5M
Q1 24
$7.8M
$24.6M
Total Assets
BMRA
BMRA
ICCC
ICCC
Q4 25
$6.0M
Q3 25
$6.9M
$45.7M
Q2 25
$5.9M
$46.7M
Q1 25
$7.4M
$45.6M
Q4 24
$7.3M
$45.1M
Q3 24
$7.9M
$44.4M
Q2 24
$9.3M
$41.9M
Q1 24
$10.3M
$43.1M
Debt / Equity
BMRA
BMRA
ICCC
ICCC
Q4 25
Q3 25
0.32×
Q2 25
Q1 25
0.30×
Q4 24
0.33×
Q3 24
0.36×
Q2 24
0.42×
Q1 24
0.41×

Cash Flow & Capital Efficiency

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

Metric
BMRA
BMRA
ICCC
ICCC
Operating Cash FlowLast quarter
$-991.0K
$-1.2M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-32.3%
Capex IntensityCapex / Revenue
10.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$715.4K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BMRA
BMRA
ICCC
ICCC
Q4 25
$-991.0K
Q3 25
$-268.0K
$-1.2M
Q2 25
$-661.0K
$1.6M
Q1 25
$-1.0M
$1.6M
Q4 24
$-791.0K
$-3.1K
Q3 24
$-1.3M
$-639.3K
Q2 24
$-1.0M
$581.8K
Q1 24
$-1.8M
$418.5K
Free Cash Flow
BMRA
BMRA
ICCC
ICCC
Q4 25
Q3 25
$-1.8M
Q2 25
$1.4M
Q1 25
$1.2M
Q4 24
$-199.3K
Q3 24
$-727.7K
Q2 24
$-1.1M
$471.0K
Q1 24
$348.1K
FCF Margin
BMRA
BMRA
ICCC
ICCC
Q4 25
Q3 25
-32.3%
Q2 25
22.4%
Q1 25
15.4%
Q4 24
-2.6%
Q3 24
-12.1%
Q2 24
-95.5%
8.6%
Q1 24
4.8%
Capex Intensity
BMRA
BMRA
ICCC
ICCC
Q4 25
Q3 25
10.8%
Q2 25
2.4%
Q1 25
4.1%
Q4 24
2.5%
Q3 24
1.5%
Q2 24
2.1%
2.0%
Q1 24
0.0%
1.0%
Cash Conversion
BMRA
BMRA
ICCC
ICCC
Q4 25
Q3 25
-134.00×
Q2 25
3.19×
Q1 25
1.09×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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