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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and HARTE HANKS INC (HHS). Click either name above to swap in a different company.

HARTE HANKS INC is the larger business by last-quarter revenue ($39.9M vs $38.9M, roughly 1.0× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 5.5%, a 19.1% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs -15.4%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $-686.0K). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -6.4%).

Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.

Harte Hanks is a global marketing services company headquartered in Boston, Massachusetts. Harte Hanks services include analytics, strategy, marketing technology, creative services, digital marketing, customer care, direct mail, logistics, and fulfillment.

CDXS vs HHS — Head-to-Head

Bigger by revenue
HHS
HHS
1.0× larger
HHS
$39.9M
$38.9M
CDXS
Growing faster (revenue YoY)
CDXS
CDXS
+96.8% gap
CDXS
81.3%
-15.4%
HHS
Higher net margin
CDXS
CDXS
19.1% more per $
CDXS
24.7%
5.5%
HHS
More free cash flow
CDXS
CDXS
$20.3M more FCF
CDXS
$19.6M
$-686.0K
HHS
Faster 2-yr revenue CAGR
CDXS
CDXS
Annualised
CDXS
51.0%
-6.4%
HHS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDXS
CDXS
HHS
HHS
Revenue
$38.9M
$39.9M
Net Profit
$9.6M
$2.2M
Gross Margin
94.8%
Operating Margin
27.1%
-0.3%
Net Margin
24.7%
5.5%
Revenue YoY
81.3%
-15.4%
Net Profit YoY
192.5%
EPS (diluted)
$0.13
$0.30

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
CDXS
CDXS
HHS
HHS
Q4 25
$38.9M
$39.9M
Q3 25
$8.6M
$39.5M
Q2 25
$15.3M
$38.6M
Q1 25
$7.5M
$41.6M
Q4 24
$21.5M
$47.1M
Q3 24
$12.8M
$47.6M
Q2 24
$8.0M
$45.0M
Q1 24
$17.1M
$45.4M
Net Profit
CDXS
CDXS
HHS
HHS
Q4 25
$9.6M
$2.2M
Q3 25
$-19.6M
$-2.3M
Q2 25
$-13.3M
$-335.0K
Q1 25
$-20.7M
$-392.0K
Q4 24
$-10.4M
Q3 24
$-20.6M
$142.0K
Q2 24
$-22.8M
$-27.8M
Q1 24
$-11.5M
$-171.0K
Gross Margin
CDXS
CDXS
HHS
HHS
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%
Operating Margin
CDXS
CDXS
HHS
HHS
Q4 25
27.1%
-0.3%
Q3 25
-220.3%
1.3%
Q2 25
-83.9%
0.1%
Q1 25
-271.6%
-0.1%
Q4 24
-34.2%
-3.3%
Q3 24
-129.0%
4.0%
Q2 24
-284.9%
3.0%
Q1 24
-69.6%
0.8%
Net Margin
CDXS
CDXS
HHS
HHS
Q4 25
24.7%
5.5%
Q3 25
-228.1%
-5.8%
Q2 25
-86.6%
-0.9%
Q1 25
-274.3%
-0.9%
Q4 24
-48.4%
Q3 24
-160.8%
0.3%
Q2 24
-285.2%
-61.8%
Q1 24
-67.4%
-0.4%
EPS (diluted)
CDXS
CDXS
HHS
HHS
Q4 25
$0.13
$0.30
Q3 25
$-0.22
$-0.31
Q2 25
$-0.16
$-0.05
Q1 25
$-0.25
$-0.05
Q4 24
$-0.12
$-0.31
Q3 24
$-0.29
$0.02
Q2 24
$-0.32
$-3.84
Q1 24
$-0.16
$-0.02

Balance Sheet & Financial Strength

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

Metric
CDXS
CDXS
HHS
HHS
Cash + ST InvestmentsLiquidity on hand
$78.2M
$5.6M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$20.5M
Total Assets
$147.8M
$91.8M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
HHS
HHS
Q4 25
$78.2M
$5.6M
Q3 25
$58.7M
$6.5M
Q2 25
$66.3M
$4.8M
Q1 25
$59.8M
$9.0M
Q4 24
$73.5M
$9.8M
Q3 24
$90.3M
$5.9M
Q2 24
$73.2M
$11.0M
Q1 24
$85.5M
$11.5M
Total Debt
CDXS
CDXS
HHS
HHS
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 24
$28.1M
Stockholders' Equity
CDXS
CDXS
HHS
HHS
Q4 25
$50.5M
$20.5M
Q3 25
$38.5M
$19.9M
Q2 25
$55.6M
$22.2M
Q1 25
$49.6M
$21.4M
Q4 24
$66.9M
$21.7M
Q3 24
$73.4M
$21.0M
Q2 24
$61.4M
$20.6M
Q1 24
$79.3M
$20.0M
Total Assets
CDXS
CDXS
HHS
HHS
Q4 25
$147.8M
$91.8M
Q3 25
$124.0M
$92.7M
Q2 25
$138.2M
$95.0M
Q1 25
$128.9M
$100.6M
Q4 24
$149.0M
$101.8M
Q3 24
$148.2M
$108.1M
Q2 24
$132.0M
$109.7M
Q1 24
$149.6M
$113.4M
Debt / Equity
CDXS
CDXS
HHS
HHS
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×
Q1 24
0.35×

Cash Flow & Capital Efficiency

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

Metric
CDXS
CDXS
HHS
HHS
Operating Cash FlowLast quarter
$20.1M
$737.0K
Free Cash FlowOCF − Capex
$19.6M
$-686.0K
FCF MarginFCF / Revenue
50.3%
-1.7%
Capex IntensityCapex / Revenue
1.3%
3.6%
Cash ConversionOCF / Net Profit
2.09×
0.33×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M
$-4.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
HHS
HHS
Q4 25
$20.1M
$737.0K
Q3 25
$-7.7M
$3.2M
Q2 25
$-18.0M
$-4.8M
Q1 25
$-13.8M
$-818.0K
Q4 24
$-16.5M
$4.0M
Q3 24
$-13.0M
$-2.9M
Q2 24
$-12.2M
$1.6M
Q1 24
$-7.8M
$-5.7M
Free Cash Flow
CDXS
CDXS
HHS
HHS
Q4 25
$19.6M
$-686.0K
Q3 25
$-7.9M
$2.2M
Q2 25
$-20.5M
$-5.1M
Q1 25
$-15.1M
$-923.0K
Q4 24
$-18.2M
$3.4M
Q3 24
$-14.0M
$-4.9M
Q2 24
$-12.6M
$926.0K
Q1 24
$-8.9M
$-6.2M
FCF Margin
CDXS
CDXS
HHS
HHS
Q4 25
50.3%
-1.7%
Q3 25
-91.7%
5.5%
Q2 25
-133.6%
-13.1%
Q1 25
-199.6%
-2.2%
Q4 24
-85.0%
7.3%
Q3 24
-109.0%
-10.2%
Q2 24
-157.5%
2.1%
Q1 24
-52.2%
-13.7%
Capex Intensity
CDXS
CDXS
HHS
HHS
Q4 25
1.3%
3.6%
Q3 25
2.1%
2.5%
Q2 25
16.4%
0.6%
Q1 25
16.7%
0.3%
Q4 24
8.3%
1.3%
Q3 24
7.8%
4.0%
Q2 24
5.0%
1.5%
Q1 24
6.6%
1.2%
Cash Conversion
CDXS
CDXS
HHS
HHS
Q4 25
2.09×
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-20.76×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CDXS
CDXS

Segment breakdown not available.

HHS
HHS

Fulfillment And Logistics Services$17.3M43%
Customer Care$13.7M34%
Other$8.9M22%

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