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Side-by-side financial comparison of BIOMARIN PHARMACEUTICAL INC (BMRN) and PennyMac Financial Services, Inc. (PFSI). Click either name above to swap in a different company.

BIOMARIN PHARMACEUTICAL INC is the larger business by last-quarter revenue ($874.6M vs $538.0M, roughly 1.6× PennyMac Financial Services, Inc.). PennyMac Financial Services, Inc. runs the higher net margin — 1752.5% vs -5.3%, a 1757.8% gap on every dollar of revenue. On growth, BIOMARIN PHARMACEUTICAL INC posted the faster year-over-year revenue change (17.0% vs 14.4%). BIOMARIN PHARMACEUTICAL INC produced more free cash flow last quarter ($58.9M vs $-1.7B). Over the past eight quarters, PennyMac Financial Services, Inc.'s revenue compounded faster (32.7% CAGR vs 16.1%).

BioMarin Pharmaceutical Inc. is an American biotechnology company headquartered in San Rafael, California. It has offices and facilities in the United States, South America, Asia, and Europe. BioMarin's core business and research are in enzyme replacement therapies (ERTs). BioMarin was the first company to provide therapeutics for mucopolysaccharidosis type I, by manufacturing laronidase. BioMarin was also the first company to provide therapeutics for phenylketonuria (PKU).

PennyMac Financial Services, Inc. is an American residential mortgage company headquartered in Westlake Village, California. The company's business focuses on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Pennymac operates through two subsidiaries: PennyMac Loan Services, LLC and PNMAC Capital Management, LLC. The latter manages the PennyMac Mortgage Investment Trust, a mortgage REIT.

BMRN vs PFSI — Head-to-Head

Bigger by revenue
BMRN
BMRN
1.6× larger
BMRN
$874.6M
$538.0M
PFSI
Growing faster (revenue YoY)
BMRN
BMRN
+2.6% gap
BMRN
17.0%
14.4%
PFSI
Higher net margin
PFSI
PFSI
1757.8% more per $
PFSI
1752.5%
-5.3%
BMRN
More free cash flow
BMRN
BMRN
$1.7B more FCF
BMRN
$58.9M
$-1.7B
PFSI
Faster 2-yr revenue CAGR
PFSI
PFSI
Annualised
PFSI
32.7%
16.1%
BMRN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BMRN
BMRN
PFSI
PFSI
Revenue
$874.6M
$538.0M
Net Profit
$-46.6M
$106.8M
Gross Margin
68.5%
Operating Margin
-5.1%
25.0%
Net Margin
-5.3%
1752.5%
Revenue YoY
17.0%
14.4%
Net Profit YoY
-137.3%
2.2%
EPS (diluted)
$-0.22
$1.97

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
BMRN
BMRN
PFSI
PFSI
Q4 25
$874.6M
$538.0M
Q3 25
$776.1M
$632.9M
Q2 25
$825.4M
$444.7M
Q1 25
$745.1M
$430.9M
Q4 24
$747.3M
$470.1M
Q3 24
$745.7M
$411.8M
Q2 24
$712.0M
$406.1M
Q1 24
$648.8M
$305.7M
Net Profit
BMRN
BMRN
PFSI
PFSI
Q4 25
$-46.6M
$106.8M
Q3 25
$-30.7M
$181.5M
Q2 25
$240.5M
$136.5M
Q1 25
$185.7M
$76.3M
Q4 24
$124.9M
$104.5M
Q3 24
$106.1M
$69.4M
Q2 24
$107.2M
$98.3M
Q1 24
$88.7M
$39.3M
Gross Margin
BMRN
BMRN
PFSI
PFSI
Q4 25
68.5%
Q3 25
82.0%
Q2 25
81.8%
Q1 25
79.7%
Q4 24
81.8%
Q3 24
74.7%
Q2 24
81.7%
Q1 24
80.7%
Operating Margin
BMRN
BMRN
PFSI
PFSI
Q4 25
-5.1%
25.0%
Q3 25
-6.0%
37.3%
Q2 25
33.5%
17.2%
Q1 25
30.0%
24.2%
Q4 24
21.6%
27.5%
Q3 24
15.3%
22.8%
Q2 24
16.9%
33.0%
Q1 24
13.6%
14.4%
Net Margin
BMRN
BMRN
PFSI
PFSI
Q4 25
-5.3%
1752.5%
Q3 25
-4.0%
28.7%
Q2 25
29.1%
30.7%
Q1 25
24.9%
17.7%
Q4 24
16.7%
2559.8%
Q3 24
14.2%
16.8%
Q2 24
15.1%
24.2%
Q1 24
13.7%
12.9%
EPS (diluted)
BMRN
BMRN
PFSI
PFSI
Q4 25
$-0.22
$1.97
Q3 25
$-0.16
$3.37
Q2 25
$1.23
$2.54
Q1 25
$0.95
$1.42
Q4 24
$0.65
$1.95
Q3 24
$0.55
$1.30
Q2 24
$0.55
$1.85
Q1 24
$0.46
$0.74

Balance Sheet & Financial Strength

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

Metric
BMRN
BMRN
PFSI
PFSI
Cash + ST InvestmentsLiquidity on hand
$1.3B
$410.0M
Total DebtLower is stronger
$6.2B
Stockholders' EquityBook value
$6.1B
$4.3B
Total Assets
$7.6B
$29.4B
Debt / EquityLower = less leverage
1.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BMRN
BMRN
PFSI
PFSI
Q4 25
$1.3B
$410.0M
Q3 25
$1.3B
$62.2M
Q2 25
$1.2B
$462.3M
Q1 25
$1.0B
$443.4M
Q4 24
$942.8M
$420.6M
Q3 24
$675.4M
$667.9M
Q2 24
$972.1M
$188.8M
Q1 24
$747.0M
$69.0K
Total Debt
BMRN
BMRN
PFSI
PFSI
Q4 25
$6.2B
Q3 25
$6.2B
Q2 25
$5.6B
Q1 25
$5.8B
Q4 24
$5.3B
Q3 24
$4.9B
Q2 24
$4.9B
Q1 24
$4.5B
Stockholders' Equity
BMRN
BMRN
PFSI
PFSI
Q4 25
$6.1B
$4.3B
Q3 25
$6.1B
$4.2B
Q2 25
$6.0B
$4.0B
Q1 25
$5.8B
$3.9B
Q4 24
$5.7B
$3.8B
Q3 24
$5.4B
$3.7B
Q2 24
$5.3B
$3.7B
Q1 24
$5.1B
$3.6B
Total Assets
BMRN
BMRN
PFSI
PFSI
Q4 25
$7.6B
$29.4B
Q3 25
$7.6B
$25.4B
Q2 25
$7.5B
$24.2B
Q1 25
$7.1B
$23.9B
Q4 24
$7.0B
$26.1B
Q3 24
$6.9B
$22.9B
Q2 24
$7.1B
$21.6B
Q1 24
$6.9B
$19.8B
Debt / Equity
BMRN
BMRN
PFSI
PFSI
Q4 25
1.45×
Q3 25
1.48×
Q2 25
1.38×
Q1 25
1.48×
Q4 24
1.37×
Q3 24
1.32×
Q2 24
1.35×
Q1 24
1.27×

Cash Flow & Capital Efficiency

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

Metric
BMRN
BMRN
PFSI
PFSI
Operating Cash FlowLast quarter
$99.6M
$-1.7B
Free Cash FlowOCF − Capex
$58.9M
$-1.7B
FCF MarginFCF / Revenue
6.7%
-309.3%
Capex IntensityCapex / Revenue
4.7%
2.2%
Cash ConversionOCF / Net Profit
-15.46×
TTM Free Cash FlowTrailing 4 quarters
$725.0M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BMRN
BMRN
PFSI
PFSI
Q4 25
$99.6M
$-1.7B
Q3 25
$368.7M
$-697.4M
Q2 25
$185.3M
$-131.3M
Q1 25
$174.4M
$1.1B
Q4 24
$185.6M
$-4.5B
Q3 24
$221.5M
$-393.7M
Q2 24
$118.8M
$-1.1B
Q1 24
$47.0M
$-897.9M
Free Cash Flow
BMRN
BMRN
PFSI
PFSI
Q4 25
$58.9M
$-1.7B
Q3 25
$340.2M
$-699.4M
Q2 25
$168.2M
$-132.6M
Q1 25
$157.6M
$1.1B
Q4 24
$166.1M
$-4.5B
Q3 24
$203.0M
$-393.9M
Q2 24
$97.4M
$-1.1B
Q1 24
$20.9M
$-898.9M
FCF Margin
BMRN
BMRN
PFSI
PFSI
Q4 25
6.7%
-309.3%
Q3 25
43.8%
-110.5%
Q2 25
20.4%
-29.8%
Q1 25
21.2%
247.3%
Q4 24
22.2%
-964.7%
Q3 24
27.2%
-95.6%
Q2 24
13.7%
-269.2%
Q1 24
3.2%
-294.1%
Capex Intensity
BMRN
BMRN
PFSI
PFSI
Q4 25
4.7%
2.2%
Q3 25
3.7%
0.3%
Q2 25
2.1%
0.3%
Q1 25
2.3%
0.1%
Q4 24
2.6%
0.4%
Q3 24
2.5%
0.0%
Q2 24
3.0%
0.1%
Q1 24
4.0%
0.3%
Cash Conversion
BMRN
BMRN
PFSI
PFSI
Q4 25
-15.46×
Q3 25
-3.84×
Q2 25
0.77×
-0.96×
Q1 25
0.94×
13.97×
Q4 24
1.49×
-43.39×
Q3 24
2.09×
-5.68×
Q2 24
1.11×
-11.12×
Q1 24
0.53×
-22.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BMRN
BMRN

VOXZOGO$273.4M31%
VIMIZIM$205.5M24%
PALYNZIQ$125.3M14%
NAGLAZYME$120.2M14%
Other$49.4M6%
ALDURAZYME$49.4M6%
KUVAN$23.3M3%
Royalty And Other$15.2M2%
ROCTAVIAN$12.8M1%

PFSI
PFSI

Segment breakdown not available.

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