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Side-by-side financial comparison of CB Financial Services, Inc. (CBFV) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

CB Financial Services, Inc. is the larger business by last-quarter revenue ($13.8M vs $13.8M, roughly 1.0× FENNEC PHARMACEUTICALS INC.). On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 19.9%). Over the past eight quarters, CB Financial Services, Inc.'s revenue compounded faster (1.2% CAGR vs -26.3%).

CB Bank is one of Myanmar's largest commercial banks. It became the first bank in Myanmar to issue ATM cards and credit cards. The bank, led by U Khin Maung Aye (Chairman) and U Kyaw Thu Ko (CEO) has over 245 branches across the country.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

CBFV vs FENC — Head-to-Head

Bigger by revenue
CBFV
CBFV
1.0× larger
CBFV
$13.8M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+54.0% gap
FENC
73.8%
19.9%
CBFV
Faster 2-yr revenue CAGR
CBFV
CBFV
Annualised
CBFV
1.2%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBFV
CBFV
FENC
FENC
Revenue
$13.8M
$13.8M
Net Profit
$-4.8M
Gross Margin
Operating Margin
38.1%
-18.5%
Net Margin
-34.7%
Revenue YoY
19.9%
73.8%
Net Profit YoY
-141.1%
EPS (diluted)
$0.90
$-0.17

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
CBFV
CBFV
FENC
FENC
Q4 25
$13.8M
$13.8M
Q3 25
$2.4M
$12.5M
Q2 25
$13.5M
$9.7M
Q1 25
$12.1M
$8.8M
Q4 24
$13.2M
$7.9M
Q3 24
$12.7M
$7.0M
Q2 24
$12.2M
$7.3M
Q1 24
$13.5M
$25.4M
Net Profit
CBFV
CBFV
FENC
FENC
Q4 25
$-4.8M
Q3 25
$-5.7M
$-638.0K
Q2 25
$3.9M
$-3.2M
Q1 25
$1.9M
$-1.2M
Q4 24
$-2.0M
Q3 24
$3.2M
$-5.7M
Q2 24
$2.6M
$-5.6M
Q1 24
$4.2M
$12.8M
Operating Margin
CBFV
CBFV
FENC
FENC
Q4 25
38.1%
-18.5%
Q3 25
-289.8%
-1.5%
Q2 25
35.0%
-28.3%
Q1 25
19.3%
-9.2%
Q4 24
23.1%
-11.8%
Q3 24
31.2%
-74.6%
Q2 24
26.4%
-69.4%
Q1 24
37.9%
54.2%
Net Margin
CBFV
CBFV
FENC
FENC
Q4 25
-34.7%
Q3 25
-235.2%
-5.1%
Q2 25
29.3%
-32.7%
Q1 25
15.8%
-13.3%
Q4 24
-25.0%
Q3 24
25.3%
-82.2%
Q2 24
21.8%
-76.5%
Q1 24
31.1%
50.6%
EPS (diluted)
CBFV
CBFV
FENC
FENC
Q4 25
$0.90
$-0.17
Q3 25
$-1.07
$-0.02
Q2 25
$0.74
$-0.11
Q1 25
$0.35
$-0.04
Q4 24
$0.45
$-0.02
Q3 24
$0.60
$-0.21
Q2 24
$0.51
$-0.20
Q1 24
$0.82
$0.41

Balance Sheet & Financial Strength

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

Metric
CBFV
CBFV
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$31.7M
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$157.5M
$35.5M
Total Assets
$1.5B
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBFV
CBFV
FENC
FENC
Q4 25
$31.7M
$36.8M
Q3 25
$55.9M
$21.9M
Q2 25
$64.5M
$18.7M
Q1 25
$61.3M
$22.7M
Q4 24
$49.6M
$26.6M
Q3 24
$147.3M
$40.3M
Q2 24
$142.6M
$43.1M
Q1 24
$73.7M
$51.2M
Total Debt
CBFV
CBFV
FENC
FENC
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
CBFV
CBFV
FENC
FENC
Q4 25
$157.5M
$35.5M
Q3 25
$152.5M
$-4.5M
Q2 25
$148.4M
$-7.5M
Q1 25
$148.3M
$-5.9M
Q4 24
$147.4M
$-5.9M
Q3 24
$149.1M
$-5.2M
Q2 24
$142.9M
$-1.4M
Q1 24
$141.6M
$3.0M
Total Assets
CBFV
CBFV
FENC
FENC
Q4 25
$1.5B
$70.6M
Q3 25
$1.5B
$49.3M
Q2 25
$1.5B
$44.9M
Q1 25
$1.5B
$46.4M
Q4 24
$1.5B
$44.9M
Q3 24
$1.6B
$58.9M
Q2 24
$1.6B
$63.2M
Q1 24
$1.5B
$69.2M
Debt / Equity
CBFV
CBFV
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
CBFV
CBFV
FENC
FENC
Operating Cash FlowLast quarter
$17.8M
$-6.0M
Free Cash FlowOCF − Capex
$17.2M
FCF MarginFCF / Revenue
124.1%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$29.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBFV
CBFV
FENC
FENC
Q4 25
$17.8M
$-6.0M
Q3 25
$4.6M
$1.5M
Q2 25
$4.1M
$-3.7M
Q1 25
$4.0M
$-4.3M
Q4 24
$6.8M
$-1.5M
Q3 24
$3.1M
$-2.2M
Q2 24
$-1.2M
$-8.4M
Q1 24
$3.3M
$39.0M
Free Cash Flow
CBFV
CBFV
FENC
FENC
Q4 25
$17.2M
Q3 25
$4.5M
Q2 25
$3.9M
Q1 25
$3.9M
Q4 24
$3.4M
Q3 24
$2.2M
Q2 24
$-2.4M
Q1 24
$2.3M
FCF Margin
CBFV
CBFV
FENC
FENC
Q4 25
124.1%
Q3 25
186.5%
Q2 25
28.8%
Q1 25
32.5%
Q4 24
26.0%
Q3 24
17.4%
Q2 24
-19.6%
Q1 24
17.0%
Capex Intensity
CBFV
CBFV
FENC
FENC
Q4 25
4.7%
Q3 25
4.3%
Q2 25
1.9%
Q1 25
0.8%
Q4 24
25.1%
Q3 24
6.7%
Q2 24
10.0%
Q1 24
7.2%
Cash Conversion
CBFV
CBFV
FENC
FENC
Q4 25
Q3 25
Q2 25
1.05×
Q1 25
2.11×
Q4 24
Q3 24
0.95×
Q2 24
-0.44×
Q1 24
0.78×
3.04×

Financial Flow Comparison

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

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