vs
Side-by-side financial comparison of CODEXIS, INC. (CDXS) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $22.7M, roughly 1.7× R F INDUSTRIES LTD). CODEXIS, INC. runs the higher net margin — 24.7% vs 0.8%, a 23.9% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 22.9%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $2.0M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 29.8%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.
CDXS vs RFIL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $22.7M |
| Net Profit | $9.6M | $173.0K |
| Gross Margin | 94.8% | 36.8% |
| Operating Margin | 27.1% | 4.0% |
| Net Margin | 24.7% | 0.8% |
| Revenue YoY | 81.3% | 22.9% |
| Net Profit YoY | 192.5% | 172.7% |
| EPS (diluted) | $0.13 | $0.01 |
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 | $22.7M | ||
| Q3 25 | $8.6M | $19.8M | ||
| Q2 25 | $15.3M | $18.9M | ||
| Q1 25 | $7.5M | $19.2M | ||
| Q4 24 | $21.5M | $18.5M | ||
| Q3 24 | $12.8M | $16.8M | ||
| Q2 24 | $8.0M | $16.1M | ||
| Q1 24 | $17.1M | $13.5M |
| Q4 25 | $9.6M | $173.0K | ||
| Q3 25 | $-19.6M | $392.0K | ||
| Q2 25 | $-13.3M | $-245.0K | ||
| Q1 25 | $-20.7M | $-245.0K | ||
| Q4 24 | $-10.4M | $-238.0K | ||
| Q3 24 | $-20.6M | $-705.0K | ||
| Q2 24 | $-22.8M | $-4.3M | ||
| Q1 24 | $-11.5M | $-1.4M |
| Q4 25 | 94.8% | 36.8% | ||
| Q3 25 | 71.3% | 34.0% | ||
| Q2 25 | 86.3% | 31.5% | ||
| Q1 25 | 63.8% | 29.8% | ||
| Q4 24 | 83.0% | 31.3% | ||
| Q3 24 | 66.4% | 29.5% | ||
| Q2 24 | 56.6% | 29.9% | ||
| Q1 24 | 71.6% | 24.5% |
| Q4 25 | 27.1% | 4.0% | ||
| Q3 25 | -220.3% | 3.6% | ||
| Q2 25 | -83.9% | 0.6% | ||
| Q1 25 | -271.6% | 0.3% | ||
| Q4 24 | -34.2% | 0.5% | ||
| Q3 24 | -129.0% | -2.5% | ||
| Q2 24 | -284.9% | -2.6% | ||
| Q1 24 | -69.6% | -15.5% |
| Q4 25 | 24.7% | 0.8% | ||
| Q3 25 | -228.1% | 2.0% | ||
| Q2 25 | -86.6% | -1.3% | ||
| Q1 25 | -274.3% | -1.3% | ||
| Q4 24 | -48.4% | -1.3% | ||
| Q3 24 | -160.8% | -4.2% | ||
| Q2 24 | -285.2% | -26.7% | ||
| Q1 24 | -67.4% | -10.1% |
| Q4 25 | $0.13 | $0.01 | ||
| Q3 25 | $-0.22 | $0.04 | ||
| Q2 25 | $-0.16 | $-0.02 | ||
| Q1 25 | $-0.25 | $-0.02 | ||
| Q4 24 | $-0.12 | $-0.02 | ||
| Q3 24 | $-0.29 | $-0.07 | ||
| Q2 24 | $-0.32 | $-0.41 | ||
| Q1 24 | $-0.16 | $-0.13 |
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 | $5.1M |
| Total DebtLower is stronger | $40.1M | — |
| Stockholders' EquityBook value | $50.5M | $35.2M |
| Total Assets | $147.8M | $73.0M |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $5.1M | ||
| Q3 25 | $58.7M | $3.0M | ||
| Q2 25 | $66.3M | $3.6M | ||
| Q1 25 | $59.8M | $1.3M | ||
| Q4 24 | $73.5M | $839.0K | ||
| Q3 24 | $90.3M | $1.8M | ||
| Q2 24 | $73.2M | $1.4M | ||
| Q1 24 | $85.5M | $4.5M |
| 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 | — |
| Q4 25 | $50.5M | $35.2M | ||
| Q3 25 | $38.5M | $34.8M | ||
| Q2 25 | $55.6M | $34.2M | ||
| Q1 25 | $49.6M | $34.2M | ||
| Q4 24 | $66.9M | $34.1M | ||
| Q3 24 | $73.4M | $34.1M | ||
| Q2 24 | $61.4M | $34.6M | ||
| Q1 24 | $79.3M | $38.7M |
| Q4 25 | $147.8M | $73.0M | ||
| Q3 25 | $124.0M | $73.2M | ||
| Q2 25 | $138.2M | $72.7M | ||
| Q1 25 | $128.9M | $70.4M | ||
| Q4 24 | $149.0M | $71.0M | ||
| Q3 24 | $148.2M | $71.9M | ||
| Q2 24 | $132.0M | $72.8M | ||
| Q1 24 | $149.6M | $79.1M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $20.1M | $2.1M |
| Free Cash FlowOCF − Capex | $19.6M | $2.0M |
| FCF MarginFCF / Revenue | 50.3% | 9.0% |
| Capex IntensityCapex / Revenue | 1.3% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.09× | 12.13× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $2.1M | ||
| Q3 25 | $-7.7M | $-311.0K | ||
| Q2 25 | $-18.0M | $2.2M | ||
| Q1 25 | $-13.8M | $601.0K | ||
| Q4 24 | $-16.5M | $-244.0K | ||
| Q3 24 | $-13.0M | $2.4M | ||
| Q2 24 | $-12.2M | $197.0K | ||
| Q1 24 | $-7.8M | $840.0K |
| Q4 25 | $19.6M | $2.0M | ||
| Q3 25 | $-7.9M | $-419.0K | ||
| Q2 25 | $-20.5M | $2.2M | ||
| Q1 25 | $-15.1M | $574.0K | ||
| Q4 24 | $-18.2M | $-418.0K | ||
| Q3 24 | $-14.0M | $2.1M | ||
| Q2 24 | $-12.6M | $28.0K | ||
| Q1 24 | $-8.9M | $697.0K |
| Q4 25 | 50.3% | 9.0% | ||
| Q3 25 | -91.7% | -2.1% | ||
| Q2 25 | -133.6% | 11.4% | ||
| Q1 25 | -199.6% | 3.0% | ||
| Q4 24 | -85.0% | -2.3% | ||
| Q3 24 | -109.0% | 12.6% | ||
| Q2 24 | -157.5% | 0.2% | ||
| Q1 24 | -52.2% | 5.2% |
| Q4 25 | 1.3% | 0.3% | ||
| Q3 25 | 2.1% | 0.5% | ||
| Q2 25 | 16.4% | 0.2% | ||
| Q1 25 | 16.7% | 0.1% | ||
| Q4 24 | 8.3% | 0.9% | ||
| Q3 24 | 7.8% | 1.5% | ||
| Q2 24 | 5.0% | 1.0% | ||
| Q1 24 | 6.6% | 1.1% |
| Q4 25 | 2.09× | 12.13× | ||
| Q3 25 | — | -0.79× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDXS
Segment breakdown not available.
RFIL
| US | $20.9M | 92% |
| Non Us | $1.8M | 8% |
