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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Postal Realty Trust, Inc. (PSTL). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $26.0M, roughly 1.5× Postal Realty Trust, Inc.). CODEXIS, INC. runs the higher net margin — 24.7% vs 17.9%, a 6.8% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 21.7%). Postal Realty Trust, Inc. produced more free cash flow last quarter ($37.6M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 22.6%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.
CDXS vs PSTL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $26.0M |
| Net Profit | $9.6M | $4.6M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | 39.2% |
| Net Margin | 24.7% | 17.9% |
| Revenue YoY | 81.3% | 21.7% |
| Net Profit YoY | 192.5% | 3.1% |
| EPS (diluted) | $0.13 | $0.16 |
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 | $26.0M | ||
| Q3 25 | $8.6M | $24.3M | ||
| Q2 25 | $15.3M | $23.4M | ||
| Q1 25 | $7.5M | $22.1M | ||
| Q4 24 | $21.5M | $21.4M | ||
| Q3 24 | $12.8M | $19.7M | ||
| Q2 24 | $8.0M | $18.1M | ||
| Q1 24 | $17.1M | $17.3M |
| Q4 25 | $9.6M | $4.6M | ||
| Q3 25 | $-19.6M | $3.8M | ||
| Q2 25 | $-13.3M | $3.6M | ||
| Q1 25 | $-20.7M | $2.1M | ||
| Q4 24 | $-10.4M | $4.5M | ||
| Q3 24 | $-20.6M | $1.1M | ||
| Q2 24 | $-22.8M | $817.0K | ||
| Q1 24 | $-11.5M | $206.0K |
| 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% | 39.2% | ||
| Q3 25 | -220.3% | 37.6% | ||
| Q2 25 | -83.9% | 37.3% | ||
| Q1 25 | -271.6% | 28.4% | ||
| Q4 24 | -34.2% | 43.2% | ||
| Q3 24 | -129.0% | 24.3% | ||
| Q2 24 | -284.9% | 22.8% | ||
| Q1 24 | -69.6% | 17.6% |
| Q4 25 | 24.7% | 17.9% | ||
| Q3 25 | -228.1% | 15.7% | ||
| Q2 25 | -86.6% | 15.5% | ||
| Q1 25 | -274.3% | 9.4% | ||
| Q4 24 | -48.4% | 21.1% | ||
| Q3 24 | -160.8% | 5.4% | ||
| Q2 24 | -285.2% | 4.5% | ||
| Q1 24 | -67.4% | 1.2% |
| Q4 25 | $0.13 | $0.16 | ||
| Q3 25 | $-0.22 | $0.13 | ||
| Q2 25 | $-0.16 | $0.12 | ||
| Q1 25 | $-0.25 | $0.06 | ||
| Q4 24 | $-0.12 | $0.17 | ||
| Q3 24 | $-0.29 | $0.03 | ||
| Q2 24 | $-0.32 | $0.02 | ||
| Q1 24 | $-0.16 | $-0.01 |
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 | $1.5M |
| Total DebtLower is stronger | $40.1M | $361.1M |
| Stockholders' EquityBook value | $50.5M | $285.2M |
| Total Assets | $147.8M | $759.1M |
| Debt / EquityLower = less leverage | 0.79× | 1.27× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $1.5M | ||
| Q3 25 | $58.7M | $1.9M | ||
| Q2 25 | $66.3M | $1.1M | ||
| Q1 25 | $59.8M | $639.0K | ||
| Q4 24 | $73.5M | $1.8M | ||
| Q3 24 | $90.3M | $970.0K | ||
| Q2 24 | $73.2M | $1.7M | ||
| Q1 24 | $85.5M | $1.9M |
| Q4 25 | $40.1M | $361.1M | ||
| Q3 25 | $39.7M | $347.0M | ||
| Q2 25 | $39.4M | $328.8M | ||
| Q1 25 | $29.2M | $306.7M | ||
| Q4 24 | $28.9M | $296.7M | ||
| Q3 24 | $28.6M | $277.0M | ||
| Q2 24 | $28.4M | $273.7M | ||
| Q1 24 | $28.1M | $247.6M |
| Q4 25 | $50.5M | $285.2M | ||
| Q3 25 | $38.5M | $273.9M | ||
| Q2 25 | $55.6M | $250.8M | ||
| Q1 25 | $49.6M | $245.5M | ||
| Q4 24 | $66.9M | $251.3M | ||
| Q3 24 | $73.4M | $245.6M | ||
| Q2 24 | $61.4M | $245.5M | ||
| Q1 24 | $79.3M | $248.1M |
| Q4 25 | $147.8M | $759.1M | ||
| Q3 25 | $124.0M | $735.2M | ||
| Q2 25 | $138.2M | $689.8M | ||
| Q1 25 | $128.9M | $654.0M | ||
| Q4 24 | $149.0M | $646.8M | ||
| Q3 24 | $148.2M | $615.1M | ||
| Q2 24 | $132.0M | $608.2M | ||
| Q1 24 | $149.6M | $584.1M |
| Q4 25 | 0.79× | 1.27× | ||
| Q3 25 | 1.03× | 1.27× | ||
| Q2 25 | 0.71× | 1.31× | ||
| Q1 25 | 0.59× | 1.25× | ||
| Q4 24 | 0.43× | 1.18× | ||
| Q3 24 | 0.39× | 1.13× | ||
| Q2 24 | 0.46× | 1.11× | ||
| Q1 24 | 0.35× | 1.00× |
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 | $44.5M |
| Free Cash FlowOCF − Capex | $19.6M | $37.6M |
| FCF MarginFCF / Revenue | 50.3% | 144.5% |
| Capex IntensityCapex / Revenue | 1.3% | 26.7% |
| Cash ConversionOCF / Net Profit | 2.09× | 9.59× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $65.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $44.5M | ||
| Q3 25 | $-7.7M | $10.9M | ||
| Q2 25 | $-18.0M | $11.4M | ||
| Q1 25 | $-13.8M | $10.8M | ||
| Q4 24 | $-16.5M | $33.5M | ||
| Q3 24 | $-13.0M | $8.0M | ||
| Q2 24 | $-12.2M | $9.9M | ||
| Q1 24 | $-7.8M | $6.4M |
| Q4 25 | $19.6M | $37.6M | ||
| Q3 25 | $-7.9M | $8.8M | ||
| Q2 25 | $-20.5M | $9.1M | ||
| Q1 25 | $-15.1M | $10.2M | ||
| Q4 24 | $-18.2M | $30.7M | ||
| Q3 24 | $-14.0M | $7.4M | ||
| Q2 24 | $-12.6M | $8.9M | ||
| Q1 24 | $-8.9M | $5.8M |
| Q4 25 | 50.3% | 144.5% | ||
| Q3 25 | -91.7% | 36.1% | ||
| Q2 25 | -133.6% | 38.8% | ||
| Q1 25 | -199.6% | 45.9% | ||
| Q4 24 | -85.0% | 143.8% | ||
| Q3 24 | -109.0% | 37.6% | ||
| Q2 24 | -157.5% | 49.4% | ||
| Q1 24 | -52.2% | 33.6% |
| Q4 25 | 1.3% | 26.7% | ||
| Q3 25 | 2.1% | 8.9% | ||
| Q2 25 | 16.4% | 10.1% | ||
| Q1 25 | 16.7% | 3.0% | ||
| Q4 24 | 8.3% | 13.0% | ||
| Q3 24 | 7.8% | 3.2% | ||
| Q2 24 | 5.0% | 5.4% | ||
| Q1 24 | 6.6% | 3.5% |
| Q4 25 | 2.09× | 9.59× | ||
| Q3 25 | — | 2.87× | ||
| Q2 25 | — | 3.16× | ||
| Q1 25 | — | 5.20× | ||
| Q4 24 | — | 7.44× | ||
| Q3 24 | — | 7.48× | ||
| Q2 24 | — | 12.10× | ||
| Q1 24 | — | 31.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
