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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and FARMERS NATIONAL BANC CORP (FMNB). Click either name above to swap in a different company.
FARMERS NATIONAL BANC CORP is the larger business by last-quarter revenue ($71.5M vs $38.9M, roughly 1.8× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 20.5%, a 4.2% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 3.2%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 6.2%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.
CDXS vs FMNB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $71.5M |
| Net Profit | $9.6M | $14.6M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | 24.8% |
| Net Margin | 24.7% | 20.5% |
| Revenue YoY | 81.3% | 3.2% |
| Net Profit YoY | 192.5% | 1.7% |
| EPS (diluted) | $0.13 | $0.39 |
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.
| Q4 25 | $38.9M | $71.5M | ||
| Q3 25 | $8.6M | $70.8M | ||
| Q2 25 | $15.3M | $69.8M | ||
| Q1 25 | $7.5M | $67.8M | ||
| Q4 24 | $21.5M | $69.3M | ||
| Q3 24 | $12.8M | $70.3M | ||
| Q2 24 | $8.0M | $66.5M | ||
| Q1 24 | $17.1M | $63.4M |
| Q4 25 | $9.6M | $14.6M | ||
| Q3 25 | $-19.6M | $12.5M | ||
| Q2 25 | $-13.3M | $13.9M | ||
| Q1 25 | $-20.7M | $13.6M | ||
| Q4 24 | $-10.4M | $14.4M | ||
| Q3 24 | $-20.6M | $8.5M | ||
| Q2 24 | $-22.8M | $11.8M | ||
| Q1 24 | $-11.5M | $11.2M |
| 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 24 | 71.6% | — |
| Q4 25 | 27.1% | 24.8% | ||
| Q3 25 | -220.3% | 20.7% | ||
| Q2 25 | -83.9% | 23.4% | ||
| Q1 25 | -271.6% | 24.1% | ||
| Q4 24 | -34.2% | 25.5% | ||
| Q3 24 | -129.0% | 14.4% | ||
| Q2 24 | -284.9% | 21.3% | ||
| Q1 24 | -69.6% | 21.2% |
| Q4 25 | 24.7% | 20.5% | ||
| Q3 25 | -228.1% | 17.6% | ||
| Q2 25 | -86.6% | 19.9% | ||
| Q1 25 | -274.3% | 20.0% | ||
| Q4 24 | -48.4% | 20.8% | ||
| Q3 24 | -160.8% | 12.1% | ||
| Q2 24 | -285.2% | 17.7% | ||
| Q1 24 | -67.4% | 17.7% |
| Q4 25 | $0.13 | $0.39 | ||
| Q3 25 | $-0.22 | $0.33 | ||
| Q2 25 | $-0.16 | $0.37 | ||
| Q1 25 | $-0.25 | $0.36 | ||
| Q4 24 | $-0.12 | $0.38 | ||
| Q3 24 | $-0.29 | $0.23 | ||
| Q2 24 | $-0.32 | $0.31 | ||
| Q1 24 | $-0.16 | $0.30 |
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 | $40.1M | $86.7M |
| Stockholders' EquityBook value | $50.5M | $485.7M |
| Total Assets | $147.8M | $5.2B |
| Debt / EquityLower = less leverage | 0.79× | 0.18× |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | $85.5M | — |
| Q4 25 | $40.1M | $86.7M | ||
| Q3 25 | $39.7M | $86.6M | ||
| Q2 25 | $39.4M | $86.4M | ||
| Q1 25 | $29.2M | $86.3M | ||
| Q4 24 | $28.9M | $86.2M | ||
| Q3 24 | $28.6M | $86.0M | ||
| Q2 24 | $28.4M | $88.9M | ||
| Q1 24 | $28.1M | $88.8M |
| Q4 25 | $50.5M | $485.7M | ||
| Q3 25 | $38.5M | $465.9M | ||
| Q2 25 | $55.6M | $437.7M | ||
| Q1 25 | $49.6M | $429.1M | ||
| Q4 24 | $66.9M | $406.0M | ||
| Q3 24 | $73.4M | $439.7M | ||
| Q2 24 | $61.4M | $396.7M | ||
| Q1 24 | $79.3M | $397.0M |
| Q4 25 | $147.8M | $5.2B | ||
| Q3 25 | $124.0M | $5.2B | ||
| Q2 25 | $138.2M | $5.2B | ||
| Q1 25 | $128.9M | $5.2B | ||
| Q4 24 | $149.0M | $5.1B | ||
| Q3 24 | $148.2M | $5.2B | ||
| Q2 24 | $132.0M | $5.2B | ||
| Q1 24 | $149.6M | $5.1B |
| Q4 25 | 0.79× | 0.18× | ||
| Q3 25 | 1.03× | 0.19× | ||
| Q2 25 | 0.71× | 0.20× | ||
| Q1 25 | 0.59× | 0.20× | ||
| Q4 24 | 0.43× | 0.21× | ||
| Q3 24 | 0.39× | 0.20× | ||
| Q2 24 | 0.46× | 0.22× | ||
| Q1 24 | 0.35× | 0.22× |
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 | $60.0M |
| Free Cash FlowOCF − Capex | $19.6M | $52.2M |
| FCF MarginFCF / Revenue | 50.3% | 73.0% |
| Capex IntensityCapex / Revenue | 1.3% | 11.0% |
| Cash ConversionOCF / Net Profit | 2.09× | 4.10× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $85.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $60.0M | ||
| Q3 25 | $-7.7M | $10.7M | ||
| Q2 25 | $-18.0M | $14.0M | ||
| Q1 25 | $-13.8M | $15.7M | ||
| Q4 24 | $-16.5M | $66.6M | ||
| Q3 24 | $-13.0M | $23.9M | ||
| Q2 24 | $-12.2M | $16.6M | ||
| Q1 24 | $-7.8M | $13.7M |
| Q4 25 | $19.6M | $52.2M | ||
| Q3 25 | $-7.9M | $9.0M | ||
| Q2 25 | $-20.5M | $12.4M | ||
| Q1 25 | $-15.1M | $12.2M | ||
| Q4 24 | $-18.2M | $54.9M | ||
| Q3 24 | $-14.0M | $20.4M | ||
| Q2 24 | $-12.6M | $14.4M | ||
| Q1 24 | $-8.9M | $12.2M |
| Q4 25 | 50.3% | 73.0% | ||
| Q3 25 | -91.7% | 12.8% | ||
| Q2 25 | -133.6% | 17.8% | ||
| Q1 25 | -199.6% | 18.0% | ||
| Q4 24 | -85.0% | 79.2% | ||
| Q3 24 | -109.0% | 29.1% | ||
| Q2 24 | -157.5% | 21.6% | ||
| Q1 24 | -52.2% | 19.2% |
| Q4 25 | 1.3% | 11.0% | ||
| Q3 25 | 2.1% | 2.4% | ||
| Q2 25 | 16.4% | 2.3% | ||
| Q1 25 | 16.7% | 5.2% | ||
| Q4 24 | 8.3% | 16.9% | ||
| Q3 24 | 7.8% | 4.9% | ||
| Q2 24 | 5.0% | 3.3% | ||
| Q1 24 | 6.6% | 2.4% |
| Q4 25 | 2.09× | 4.10× | ||
| Q3 25 | — | 0.86× | ||
| Q2 25 | — | 1.01× | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | — | 2.80× | ||
| Q2 24 | — | 1.41× | ||
| Q1 24 | — | 1.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
