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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and LCNB CORP (LCNB). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $23.9M, roughly 1.6× LCNB CORP). CODEXIS, INC. runs the higher net margin — 24.7% vs 23.7%, a 1.0% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 15.7%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.
CDXS vs LCNB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $23.9M |
| Net Profit | $9.6M | $5.7M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | 29.2% |
| Net Margin | 24.7% | 23.7% |
| Revenue YoY | 81.3% | 5.1% |
| Net Profit YoY | 192.5% | -7.6% |
| EPS (diluted) | $0.13 | $0.40 |
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 | $23.9M | ||
| Q3 25 | $8.6M | $23.8M | ||
| Q2 25 | $15.3M | $22.8M | ||
| Q1 25 | $7.5M | $21.5M | ||
| Q4 24 | $21.5M | $22.7M | ||
| Q3 24 | $12.8M | $21.4M | ||
| Q2 24 | $8.0M | $19.3M | ||
| Q1 24 | $17.1M | $17.8M |
| Q4 25 | $9.6M | $5.7M | ||
| Q3 25 | $-19.6M | $6.9M | ||
| Q2 25 | $-13.3M | $5.9M | ||
| Q1 25 | $-20.7M | $4.6M | ||
| Q4 24 | $-10.4M | $6.1M | ||
| Q3 24 | $-20.6M | $4.5M | ||
| Q2 24 | $-22.8M | $925.0K | ||
| Q1 24 | $-11.5M | $1.9M |
| 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% | 29.2% | ||
| Q3 25 | -220.3% | 35.6% | ||
| Q2 25 | -83.9% | 31.6% | ||
| Q1 25 | -271.6% | 25.6% | ||
| Q4 24 | -34.2% | 32.9% | ||
| Q3 24 | -129.0% | 24.9% | ||
| Q2 24 | -284.9% | 4.9% | ||
| Q1 24 | -69.6% | 12.5% |
| Q4 25 | 24.7% | 23.7% | ||
| Q3 25 | -228.1% | 29.1% | ||
| Q2 25 | -86.6% | 26.0% | ||
| Q1 25 | -274.3% | 21.4% | ||
| Q4 24 | -48.4% | 27.0% | ||
| Q3 24 | -160.8% | 21.2% | ||
| Q2 24 | -285.2% | 4.8% | ||
| Q1 24 | -67.4% | 10.7% |
| Q4 25 | $0.13 | $0.40 | ||
| Q3 25 | $-0.22 | $0.49 | ||
| Q2 25 | $-0.16 | $0.41 | ||
| Q1 25 | $-0.25 | $0.33 | ||
| Q4 24 | $-0.12 | $0.44 | ||
| Q3 24 | $-0.29 | $0.31 | ||
| Q2 24 | $-0.32 | $0.07 | ||
| Q1 24 | $-0.16 | $0.15 |
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 | $21.6M |
| Total DebtLower is stronger | $40.1M | $104.4M |
| Stockholders' EquityBook value | $50.5M | $273.9M |
| Total Assets | $147.8M | $2.2B |
| Debt / EquityLower = less leverage | 0.79× | 0.38× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $21.6M | ||
| Q3 25 | $58.7M | $35.9M | ||
| Q2 25 | $66.3M | $49.8M | ||
| Q1 25 | $59.8M | $37.7M | ||
| Q4 24 | $73.5M | $35.7M | ||
| Q3 24 | $90.3M | $39.4M | ||
| Q2 24 | $73.2M | $34.9M | ||
| Q1 24 | $85.5M | $33.0M |
| Q4 25 | $40.1M | $104.4M | ||
| Q3 25 | $39.7M | $104.7M | ||
| Q2 25 | $39.4M | $105.0M | ||
| Q1 25 | $29.2M | $104.6M | ||
| Q4 24 | $28.9M | $155.2M | ||
| Q3 24 | $28.6M | $155.7M | ||
| Q2 24 | $28.4M | $162.2M | ||
| Q1 24 | $28.1M | $162.6M |
| Q4 25 | $50.5M | $273.9M | ||
| Q3 25 | $38.5M | $269.9M | ||
| Q2 25 | $55.6M | $263.5M | ||
| Q1 25 | $49.6M | $258.7M | ||
| Q4 24 | $66.9M | $253.0M | ||
| Q3 24 | $73.4M | $253.2M | ||
| Q2 24 | $61.4M | $245.2M | ||
| Q1 24 | $79.3M | $233.7M |
| Q4 25 | $147.8M | $2.2B | ||
| Q3 25 | $124.0M | $2.2B | ||
| Q2 25 | $138.2M | $2.3B | ||
| Q1 25 | $128.9M | $2.3B | ||
| Q4 24 | $149.0M | $2.3B | ||
| Q3 24 | $148.2M | $2.3B | ||
| Q2 24 | $132.0M | $2.4B | ||
| Q1 24 | $149.6M | $2.3B |
| Q4 25 | 0.79× | 0.38× | ||
| Q3 25 | 1.03× | 0.39× | ||
| Q2 25 | 0.71× | 0.40× | ||
| Q1 25 | 0.59× | 0.40× | ||
| Q4 24 | 0.43× | 0.61× | ||
| Q3 24 | 0.39× | 0.61× | ||
| Q2 24 | 0.46× | 0.66× | ||
| Q1 24 | 0.35× | 0.70× |
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 | $34.4M |
| Free Cash FlowOCF − Capex | $19.6M | $33.4M |
| FCF MarginFCF / Revenue | 50.3% | 140.2% |
| Capex IntensityCapex / Revenue | 1.3% | 4.0% |
| Cash ConversionOCF / Net Profit | 2.09× | 6.08× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $54.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $34.4M | ||
| Q3 25 | $-7.7M | $14.0M | ||
| Q2 25 | $-18.0M | $5.5M | ||
| Q1 25 | $-13.8M | $2.2M | ||
| Q4 24 | $-16.5M | $93.2M | ||
| Q3 24 | $-13.0M | $11.9M | ||
| Q2 24 | $-12.2M | $54.9M | ||
| Q1 24 | $-7.8M | $-11.9M |
| Q4 25 | $19.6M | $33.4M | ||
| Q3 25 | $-7.9M | $13.7M | ||
| Q2 25 | $-20.5M | $5.2M | ||
| Q1 25 | $-15.1M | $2.1M | ||
| Q4 24 | $-18.2M | $89.4M | ||
| Q3 24 | $-14.0M | $10.5M | ||
| Q2 24 | $-12.6M | $53.8M | ||
| Q1 24 | $-8.9M | $-12.8M |
| Q4 25 | 50.3% | 140.2% | ||
| Q3 25 | -91.7% | 57.4% | ||
| Q2 25 | -133.6% | 23.0% | ||
| Q1 25 | -199.6% | 10.0% | ||
| Q4 24 | -85.0% | 394.0% | ||
| Q3 24 | -109.0% | 49.0% | ||
| Q2 24 | -157.5% | 278.6% | ||
| Q1 24 | -52.2% | -71.8% |
| Q4 25 | 1.3% | 4.0% | ||
| Q3 25 | 2.1% | 1.3% | ||
| Q2 25 | 16.4% | 1.0% | ||
| Q1 25 | 16.7% | 0.3% | ||
| Q4 24 | 8.3% | 16.7% | ||
| Q3 24 | 7.8% | 6.7% | ||
| Q2 24 | 5.0% | 5.9% | ||
| Q1 24 | 6.6% | 4.8% |
| Q4 25 | 2.09× | 6.08× | ||
| Q3 25 | — | 2.02× | ||
| Q2 25 | — | 0.92× | ||
| Q1 25 | — | 0.48× | ||
| Q4 24 | — | 15.23× | ||
| Q3 24 | — | 2.63× | ||
| Q2 24 | — | 59.35× | ||
| Q1 24 | — | -6.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
