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Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) and CODEXIS, INC. (CDXS). Click either name above to swap in a different company.
CAMDEN NATIONAL CORP is the larger business by last-quarter revenue ($64.3M vs $38.9M, roughly 1.7× CODEXIS, INC.). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs 24.7%, a 9.3% gap on every dollar of revenue. Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 22.6%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
CAC vs CDXS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $38.9M |
| Net Profit | $21.9M | $9.6M |
| Gross Margin | — | 94.8% |
| Operating Margin | — | 27.1% |
| Net Margin | 34.0% | 24.7% |
| Revenue YoY | — | 81.3% |
| Net Profit YoY | -3.0% | 192.5% |
| EPS (diluted) | $1.29 | $0.13 |
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.
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $38.9M | ||
| Q3 25 | $65.4M | $8.6M | ||
| Q2 25 | $62.3M | $15.3M | ||
| Q1 25 | $60.1M | $7.5M | ||
| Q4 24 | $47.6M | $21.5M | ||
| Q3 24 | $45.0M | $12.8M | ||
| Q2 24 | $42.8M | $8.0M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $9.6M | ||
| Q3 25 | $21.2M | $-19.6M | ||
| Q2 25 | $14.1M | $-13.3M | ||
| Q1 25 | $7.3M | $-20.7M | ||
| Q4 24 | $14.7M | $-10.4M | ||
| Q3 24 | $13.1M | $-20.6M | ||
| Q2 24 | $12.0M | $-22.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 94.8% | ||
| Q3 25 | — | 71.3% | ||
| Q2 25 | — | 86.3% | ||
| Q1 25 | — | 63.8% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 66.4% | ||
| Q2 24 | — | 56.6% |
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | 27.1% | ||
| Q3 25 | 40.5% | -220.3% | ||
| Q2 25 | 28.5% | -83.9% | ||
| Q1 25 | 10.3% | -271.6% | ||
| Q4 24 | 38.7% | -34.2% | ||
| Q3 24 | 35.2% | -129.0% | ||
| Q2 24 | 34.7% | -284.9% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | 24.7% | ||
| Q3 25 | 32.4% | -228.1% | ||
| Q2 25 | 22.6% | -86.6% | ||
| Q1 25 | 12.2% | -274.3% | ||
| Q4 24 | 30.8% | -48.4% | ||
| Q3 24 | 29.1% | -160.8% | ||
| Q2 24 | 28.0% | -285.2% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $0.13 | ||
| Q3 25 | $1.25 | $-0.22 | ||
| Q2 25 | $0.83 | $-0.16 | ||
| Q1 25 | $0.43 | $-0.25 | ||
| Q4 24 | $1.00 | $-0.12 | ||
| Q3 24 | $0.90 | $-0.29 | ||
| Q2 24 | $0.81 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $78.2M |
| Total DebtLower is stronger | $514.4M | $40.1M |
| Stockholders' EquityBook value | $710.0M | $50.5M |
| Total Assets | $7.0B | $147.8M |
| Debt / EquityLower = less leverage | 0.72× | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $78.2M | ||
| Q3 25 | — | $58.7M | ||
| Q2 25 | — | $66.3M | ||
| Q1 25 | — | $59.8M | ||
| Q4 24 | — | $73.5M | ||
| Q3 24 | — | $90.3M | ||
| Q2 24 | — | $73.2M |
| Q1 26 | $514.4M | — | ||
| Q4 25 | — | $40.1M | ||
| Q3 25 | — | $39.7M | ||
| Q2 25 | — | $39.4M | ||
| Q1 25 | — | $29.2M | ||
| Q4 24 | — | $28.9M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $28.4M |
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $50.5M | ||
| Q3 25 | $676.4M | $38.5M | ||
| Q2 25 | $652.1M | $55.6M | ||
| Q1 25 | $640.1M | $49.6M | ||
| Q4 24 | $531.2M | $66.9M | ||
| Q3 24 | $529.9M | $73.4M | ||
| Q2 24 | $508.3M | $61.4M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $147.8M | ||
| Q3 25 | $7.0B | $124.0M | ||
| Q2 25 | $6.9B | $138.2M | ||
| Q1 25 | $7.0B | $128.9M | ||
| Q4 24 | $5.8B | $149.0M | ||
| Q3 24 | $5.7B | $148.2M | ||
| Q2 24 | $5.7B | $132.0M |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.46× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $20.1M |
| Free Cash FlowOCF − Capex | — | $19.6M |
| FCF MarginFCF / Revenue | — | 50.3% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | 2.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $20.1M | ||
| Q3 25 | $36.1M | $-7.7M | ||
| Q2 25 | $6.0M | $-18.0M | ||
| Q1 25 | $1.0M | $-13.8M | ||
| Q4 24 | $60.9M | $-16.5M | ||
| Q3 24 | $-14.5M | $-13.0M | ||
| Q2 24 | $14.5M | $-12.2M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $19.6M | ||
| Q3 25 | $35.4M | $-7.9M | ||
| Q2 25 | $4.5M | $-20.5M | ||
| Q1 25 | $-727.0K | $-15.1M | ||
| Q4 24 | $55.4M | $-18.2M | ||
| Q3 24 | $-16.2M | $-14.0M | ||
| Q2 24 | $13.2M | $-12.6M |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | 50.3% | ||
| Q3 25 | 54.1% | -91.7% | ||
| Q2 25 | 7.3% | -133.6% | ||
| Q1 25 | -1.2% | -199.6% | ||
| Q4 24 | 116.4% | -85.0% | ||
| Q3 24 | -36.0% | -109.0% | ||
| Q2 24 | 30.8% | -157.5% |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 1.3% | ||
| Q3 25 | 1.1% | 2.1% | ||
| Q2 25 | 2.4% | 16.4% | ||
| Q1 25 | 2.9% | 16.7% | ||
| Q4 24 | 11.7% | 8.3% | ||
| Q3 24 | 3.8% | 7.8% | ||
| Q2 24 | 3.0% | 5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | 2.09× | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | — | ||
| Q3 24 | -1.11× | — | ||
| Q2 24 | 1.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
CDXS
Segment breakdown not available.
