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Side-by-side financial comparison of C4 Therapeutics, Inc. (CCCC) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $11.0M, roughly 1.7× C4 Therapeutics, Inc.). Americas Gold & Silver Corp runs the higher net margin — -82.3% vs -186.0%, a 103.6% gap on every dollar of revenue. On growth, C4 Therapeutics, Inc. posted the faster year-over-year revenue change (112.8% vs -28.0%).

C4 Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing targeted protein degradation therapies for cancer and other severe diseases with high unmet medical needs. It leverages its proprietary TORPEDO platform to design small molecule degraders that eliminate disease-causing proteins, with a pipeline of oncology candidates in preclinical and clinical development, plus strategic partnerships with leading global pharmaceutical firms.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

CCCC vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.7× larger
USAS
$19.1M
$11.0M
CCCC
Growing faster (revenue YoY)
CCCC
CCCC
+140.8% gap
CCCC
112.8%
-28.0%
USAS
Higher net margin
USAS
USAS
103.6% more per $
USAS
-82.3%
-186.0%
CCCC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CCCC
CCCC
USAS
USAS
Revenue
$11.0M
$19.1M
Net Profit
$-20.5M
$-15.7M
Gross Margin
34.2%
Operating Margin
-210.1%
Net Margin
-186.0%
-82.3%
Revenue YoY
112.8%
-28.0%
Net Profit YoY
40.7%
2.8%
EPS (diluted)
$-0.09

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
CCCC
CCCC
USAS
USAS
Q4 25
$11.0M
Q3 25
$11.2M
$19.1M
Q2 25
$6.5M
Q1 25
$7.2M
Q4 24
$5.2M
Q3 24
$15.4M
$26.5M
Q2 24
$12.0M
Q1 24
$3.0M
Net Profit
CCCC
CCCC
USAS
USAS
Q4 25
$-20.5M
Q3 25
$-32.2M
$-15.7M
Q2 25
$-26.0M
Q1 25
$-26.3M
Q4 24
$-34.6M
Q3 24
$-24.7M
$-16.2M
Q2 24
$-17.7M
Q1 24
$-28.4M
Gross Margin
CCCC
CCCC
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
CCCC
CCCC
USAS
USAS
Q4 25
-210.1%
Q3 25
-306.4%
Q2 25
-441.0%
Q1 25
-402.9%
Q4 24
-728.4%
Q3 24
-183.9%
Q2 24
-178.6%
Q1 24
-1060.2%
Net Margin
CCCC
CCCC
USAS
USAS
Q4 25
-186.0%
Q3 25
-286.4%
-82.3%
Q2 25
-402.6%
Q1 25
-363.7%
Q4 24
-667.8%
Q3 24
-160.6%
-60.9%
Q2 24
-147.6%
Q1 24
-933.2%
EPS (diluted)
CCCC
CCCC
USAS
USAS
Q4 25
$-0.09
Q3 25
$-0.44
Q2 25
$-0.37
Q1 25
$-0.37
Q4 24
$-0.50
Q3 24
$-0.35
Q2 24
$-0.26
Q1 24
$-0.41

Balance Sheet & Financial Strength

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

Metric
CCCC
CCCC
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$74.6M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$256.6M
$50.2M
Total Assets
$359.1M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CCCC
CCCC
USAS
USAS
Q4 25
$74.6M
Q3 25
$58.8M
$39.1M
Q2 25
$78.2M
Q1 25
$51.3M
Q4 24
$55.5M
Q3 24
$59.6M
Q2 24
$73.1M
Q1 24
$89.7M
Stockholders' Equity
CCCC
CCCC
USAS
USAS
Q4 25
$256.6M
Q3 25
$154.4M
$50.2M
Q2 25
$174.1M
Q1 25
$195.1M
Q4 24
$216.0M
Q3 24
$242.7M
$53.1M
Q2 24
$247.1M
Q1 24
$258.3M
Total Assets
CCCC
CCCC
USAS
USAS
Q4 25
$359.1M
Q3 25
$265.5M
$234.7M
Q2 25
$296.5M
Q1 25
$319.5M
Q4 24
$349.6M
Q3 24
$376.1M
Q2 24
$381.1M
Q1 24
$398.4M

Cash Flow & Capital Efficiency

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

Metric
CCCC
CCCC
USAS
USAS
Operating Cash FlowLast quarter
$-22.1M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CCCC
CCCC
USAS
USAS
Q4 25
$-22.1M
Q3 25
$-31.2M
$-12.5M
Q2 25
$-12.1M
Q1 25
$-33.3M
Q4 24
$-17.9M
Q3 24
$-24.1M
$2.4M
Q2 24
$-5.0M
Q1 24
$-18.1M
Free Cash Flow
CCCC
CCCC
USAS
USAS
Q4 25
Q3 25
$-31.6M
$-41.3M
Q2 25
Q1 25
Q4 24
$-17.9M
Q3 24
$-24.1M
$-11.2M
Q2 24
$-5.2M
Q1 24
FCF Margin
CCCC
CCCC
USAS
USAS
Q4 25
Q3 25
-281.5%
-216.5%
Q2 25
Q1 25
Q4 24
-346.5%
Q3 24
-157.2%
-42.2%
Q2 24
-43.1%
Q1 24
Capex Intensity
CCCC
CCCC
USAS
USAS
Q4 25
Q3 25
3.7%
150.8%
Q2 25
Q1 25
Q4 24
0.1%
Q3 24
0.1%
51.2%
Q2 24
1.6%
Q1 24
0.0%

Financial Flow Comparison

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

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