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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and First Bancorp, Inc (FNLC). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $25.8M, roughly 1.5× First Bancorp, Inc). First Bancorp, Inc runs the higher net margin — 39.4% vs 24.7%, a 14.7% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 17.5%). First Bancorp, Inc produced more free cash flow last quarter ($34.6M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 18.1%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.
CDXS vs FNLC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $25.8M |
| Net Profit | $9.6M | $10.2M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | 48.1% |
| Net Margin | 24.7% | 39.4% |
| Revenue YoY | 81.3% | 17.5% |
| Net Profit YoY | 192.5% | 39.7% |
| EPS (diluted) | $0.13 | $0.91 |
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 | $25.8M | ||
| Q3 25 | $8.6M | $24.5M | ||
| Q2 25 | $15.3M | $22.5M | ||
| Q1 25 | $7.5M | $21.8M | ||
| Q4 24 | $21.5M | $22.0M | ||
| Q3 24 | $12.8M | $20.5M | ||
| Q2 24 | $8.0M | $19.2M | ||
| Q1 24 | $17.1M | $18.5M |
| Q4 25 | $9.6M | $10.2M | ||
| Q3 25 | $-19.6M | $9.1M | ||
| Q2 25 | $-13.3M | $8.1M | ||
| Q1 25 | $-20.7M | $7.1M | ||
| Q4 24 | $-10.4M | $7.3M | ||
| Q3 24 | $-20.6M | $7.6M | ||
| Q2 24 | $-22.8M | $6.2M | ||
| Q1 24 | $-11.5M | $6.0M |
| 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% | 48.1% | ||
| Q3 25 | -220.3% | 45.2% | ||
| Q2 25 | -83.9% | 43.7% | ||
| Q1 25 | -271.6% | 39.3% | ||
| Q4 24 | -34.2% | 39.5% | ||
| Q3 24 | -129.0% | 44.6% | ||
| Q2 24 | -284.9% | 38.8% | ||
| Q1 24 | -69.6% | 39.3% |
| Q4 25 | 24.7% | 39.4% | ||
| Q3 25 | -228.1% | 37.0% | ||
| Q2 25 | -86.6% | 35.8% | ||
| Q1 25 | -274.3% | 32.5% | ||
| Q4 24 | -48.4% | 33.1% | ||
| Q3 24 | -160.8% | 36.9% | ||
| Q2 24 | -285.2% | 32.1% | ||
| Q1 24 | -67.4% | 32.5% |
| Q4 25 | $0.13 | $0.91 | ||
| Q3 25 | $-0.22 | $0.81 | ||
| Q2 25 | $-0.16 | $0.72 | ||
| Q1 25 | $-0.25 | $0.63 | ||
| Q4 24 | $-0.12 | $0.66 | ||
| Q3 24 | $-0.29 | $0.68 | ||
| Q2 24 | $-0.32 | $0.55 | ||
| Q1 24 | $-0.16 | $0.54 |
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 | $95.5M |
| Stockholders' EquityBook value | $50.5M | $283.1M |
| Total Assets | $147.8M | $3.2B |
| Debt / EquityLower = less leverage | 0.79× | 0.34× |
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 | $95.5M | ||
| Q3 25 | $39.7M | $95.5M | ||
| Q2 25 | $39.4M | $95.0M | ||
| Q1 25 | $29.2M | $70.0M | ||
| Q4 24 | $28.9M | $95.0M | ||
| Q3 24 | $28.6M | $95.0M | ||
| Q2 24 | $28.4M | $70.0M | ||
| Q1 24 | $28.1M | $70.0M |
| Q4 25 | $50.5M | $283.1M | ||
| Q3 25 | $38.5M | $274.6M | ||
| Q2 25 | $55.6M | $265.5M | ||
| Q1 25 | $49.6M | $259.7M | ||
| Q4 24 | $66.9M | $252.5M | ||
| Q3 24 | $73.4M | $256.8M | ||
| Q2 24 | $61.4M | $244.7M | ||
| Q1 24 | $79.3M | $242.6M |
| Q4 25 | $147.8M | $3.2B | ||
| Q3 25 | $124.0M | $3.2B | ||
| Q2 25 | $138.2M | $3.2B | ||
| Q1 25 | $128.9M | $3.2B | ||
| Q4 24 | $149.0M | $3.2B | ||
| Q3 24 | $148.2M | $3.1B | ||
| Q2 24 | $132.0M | $3.1B | ||
| Q1 24 | $149.6M | $3.0B |
| Q4 25 | 0.79× | 0.34× | ||
| Q3 25 | 1.03× | 0.35× | ||
| Q2 25 | 0.71× | 0.36× | ||
| Q1 25 | 0.59× | 0.27× | ||
| Q4 24 | 0.43× | 0.38× | ||
| Q3 24 | 0.39× | 0.37× | ||
| Q2 24 | 0.46× | 0.29× | ||
| Q1 24 | 0.35× | 0.29× |
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 | $37.8M |
| Free Cash FlowOCF − Capex | $19.6M | $34.6M |
| FCF MarginFCF / Revenue | 50.3% | 133.9% |
| Capex IntensityCapex / Revenue | 1.3% | 12.5% |
| Cash ConversionOCF / Net Profit | 2.09× | 3.72× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $55.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $37.8M | ||
| Q3 25 | $-7.7M | $12.9M | ||
| Q2 25 | $-18.0M | $7.4M | ||
| Q1 25 | $-13.8M | $2.2M | ||
| Q4 24 | $-16.5M | $26.0M | ||
| Q3 24 | $-13.0M | $9.8M | ||
| Q2 24 | $-12.2M | $6.4M | ||
| Q1 24 | $-7.8M | $-1.5M |
| Q4 25 | $19.6M | $34.6M | ||
| Q3 25 | $-7.9M | $12.6M | ||
| Q2 25 | $-20.5M | $7.2M | ||
| Q1 25 | $-15.1M | $828.0K | ||
| Q4 24 | $-18.2M | $24.6M | ||
| Q3 24 | $-14.0M | $9.6M | ||
| Q2 24 | $-12.6M | $6.3M | ||
| Q1 24 | $-8.9M | $-1.8M |
| Q4 25 | 50.3% | 133.9% | ||
| Q3 25 | -91.7% | 51.4% | ||
| Q2 25 | -133.6% | 32.1% | ||
| Q1 25 | -199.6% | 3.8% | ||
| Q4 24 | -85.0% | 111.7% | ||
| Q3 24 | -109.0% | 47.0% | ||
| Q2 24 | -157.5% | 32.9% | ||
| Q1 24 | -52.2% | -9.8% |
| Q4 25 | 1.3% | 12.5% | ||
| Q3 25 | 2.1% | 1.2% | ||
| Q2 25 | 16.4% | 0.6% | ||
| Q1 25 | 16.7% | 6.2% | ||
| Q4 24 | 8.3% | 6.7% | ||
| Q3 24 | 7.8% | 0.5% | ||
| Q2 24 | 5.0% | 0.3% | ||
| Q1 24 | 6.6% | 1.8% |
| Q4 25 | 2.09× | 3.72× | ||
| Q3 25 | — | 1.42× | ||
| Q2 25 | — | 0.91× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 3.58× | ||
| Q3 24 | — | 1.29× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | -0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
