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

CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $29.2M, roughly 1.3× PCB BANCORP). On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 11.3%). PCB BANCORP produced more free cash flow last quarter ($24.4M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 10.4%).

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

PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.

CDXS vs PCB — Head-to-Head

Bigger by revenue
CDXS
CDXS
1.3× larger
CDXS
$38.9M
$29.2M
PCB
Growing faster (revenue YoY)
CDXS
CDXS
+70.0% gap
CDXS
81.3%
11.3%
PCB
More free cash flow
PCB
PCB
$4.8M more FCF
PCB
$24.4M
$19.6M
CDXS
Faster 2-yr revenue CAGR
CDXS
CDXS
Annualised
CDXS
51.0%
10.4%
PCB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDXS
CDXS
PCB
PCB
Revenue
$38.9M
$29.2M
Net Profit
$9.6M
Gross Margin
94.8%
Operating Margin
27.1%
45.0%
Net Margin
24.7%
Revenue YoY
81.3%
11.3%
Net Profit YoY
192.5%
EPS (diluted)
$0.13
$0.65

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
PCB
PCB
Q4 25
$38.9M
$29.2M
Q3 25
$8.6M
$30.4M
Q2 25
$15.3M
$29.3M
Q1 25
$7.5M
$26.9M
Q4 24
$21.5M
$26.2M
Q3 24
$12.8M
$25.3M
Q2 24
$8.0M
$24.2M
Q1 24
$17.1M
$23.9M
Net Profit
CDXS
CDXS
PCB
PCB
Q4 25
$9.6M
Q3 25
$-19.6M
$11.4M
Q2 25
$-13.3M
$9.1M
Q1 25
$-20.7M
$7.7M
Q4 24
$-10.4M
Q3 24
$-20.6M
$7.8M
Q2 24
$-22.8M
$6.3M
Q1 24
$-11.5M
$4.7M
Gross Margin
CDXS
CDXS
PCB
PCB
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
PCB
PCB
Q4 25
27.1%
45.0%
Q3 25
-220.3%
52.3%
Q2 25
-83.9%
43.3%
Q1 25
-271.6%
40.2%
Q4 24
-34.2%
39.3%
Q3 24
-129.0%
42.2%
Q2 24
-284.9%
36.3%
Q1 24
-69.6%
27.2%
Net Margin
CDXS
CDXS
PCB
PCB
Q4 25
24.7%
Q3 25
-228.1%
37.5%
Q2 25
-86.6%
31.0%
Q1 25
-274.3%
28.8%
Q4 24
-48.4%
Q3 24
-160.8%
30.8%
Q2 24
-285.2%
25.9%
Q1 24
-67.4%
19.6%
EPS (diluted)
CDXS
CDXS
PCB
PCB
Q4 25
$0.13
$0.65
Q3 25
$-0.22
$0.78
Q2 25
$-0.16
$0.62
Q1 25
$-0.25
$0.53
Q4 24
$-0.12
$0.46
Q3 24
$-0.29
$0.52
Q2 24
$-0.32
$0.43
Q1 24
$-0.16
$0.33

Balance Sheet & Financial Strength

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

Metric
CDXS
CDXS
PCB
PCB
Cash + ST InvestmentsLiquidity on hand
$78.2M
$207.1M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$390.0M
Total Assets
$147.8M
$3.3B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
PCB
PCB
Q4 25
$78.2M
$207.1M
Q3 25
$58.7M
$369.5M
Q2 25
$66.3M
$263.6M
Q1 25
$59.8M
$214.3M
Q4 24
$73.5M
$198.8M
Q3 24
$90.3M
$193.1M
Q2 24
$73.2M
$177.6M
Q1 24
$85.5M
$239.8M
Total Debt
CDXS
CDXS
PCB
PCB
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
PCB
PCB
Q4 25
$50.5M
$390.0M
Q3 25
$38.5M
$384.5M
Q2 25
$55.6M
$376.5M
Q1 25
$49.6M
$370.9M
Q4 24
$66.9M
$363.8M
Q3 24
$73.4M
$362.3M
Q2 24
$61.4M
$353.5M
Q1 24
$79.3M
$350.0M
Total Assets
CDXS
CDXS
PCB
PCB
Q4 25
$147.8M
$3.3B
Q3 25
$124.0M
$3.4B
Q2 25
$138.2M
$3.3B
Q1 25
$128.9M
$3.2B
Q4 24
$149.0M
$3.1B
Q3 24
$148.2M
$2.9B
Q2 24
$132.0M
$2.9B
Q1 24
$149.6M
$2.9B
Debt / Equity
CDXS
CDXS
PCB
PCB
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
PCB
PCB
Operating Cash FlowLast quarter
$20.1M
$26.6M
Free Cash FlowOCF − Capex
$19.6M
$24.4M
FCF MarginFCF / Revenue
50.3%
83.6%
Capex IntensityCapex / Revenue
1.3%
7.5%
Cash ConversionOCF / Net Profit
2.09×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
PCB
PCB
Q4 25
$20.1M
$26.6M
Q3 25
$-7.7M
$16.4M
Q2 25
$-18.0M
$4.9M
Q1 25
$-13.8M
$2.3M
Q4 24
$-16.5M
$39.0M
Q3 24
$-13.0M
$11.9M
Q2 24
$-12.2M
$14.6M
Q1 24
$-7.8M
$8.2M
Free Cash Flow
CDXS
CDXS
PCB
PCB
Q4 25
$19.6M
$24.4M
Q3 25
$-7.9M
$16.2M
Q2 25
$-20.5M
$3.8M
Q1 25
$-15.1M
$1.6M
Q4 24
$-18.2M
$34.9M
Q3 24
$-14.0M
$11.9M
Q2 24
$-12.6M
$12.8M
Q1 24
$-8.9M
$6.0M
FCF Margin
CDXS
CDXS
PCB
PCB
Q4 25
50.3%
83.6%
Q3 25
-91.7%
53.2%
Q2 25
-133.6%
13.1%
Q1 25
-199.6%
6.0%
Q4 24
-85.0%
133.2%
Q3 24
-109.0%
46.8%
Q2 24
-157.5%
53.1%
Q1 24
-52.2%
25.2%
Capex Intensity
CDXS
CDXS
PCB
PCB
Q4 25
1.3%
7.5%
Q3 25
2.1%
0.8%
Q2 25
16.4%
3.7%
Q1 25
16.7%
2.8%
Q4 24
8.3%
15.5%
Q3 24
7.8%
0.1%
Q2 24
5.0%
7.3%
Q1 24
6.6%
9.3%
Cash Conversion
CDXS
CDXS
PCB
PCB
Q4 25
2.09×
Q3 25
1.44×
Q2 25
0.54×
Q1 25
0.30×
Q4 24
Q3 24
1.52×
Q2 24
2.33×
Q1 24
1.76×

Financial Flow Comparison

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

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