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

RMR GROUP INC. is the larger business by last-quarter revenue ($66.7M vs $38.9M, roughly 1.7× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 18.3%, a 6.4% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 40.8%).

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

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

CDXS vs RMR — Head-to-Head

Bigger by revenue
RMR
RMR
1.7× larger
RMR
$66.7M
$38.9M
CDXS
Growing faster (revenue YoY)
CDXS
CDXS
+40.6% gap
CDXS
81.3%
40.8%
RMR
Higher net margin
CDXS
CDXS
6.4% more per $
CDXS
24.7%
18.3%
RMR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CDXS
CDXS
RMR
RMR
Revenue
$38.9M
$66.7M
Net Profit
$9.6M
$12.2M
Gross Margin
94.8%
Operating Margin
27.1%
48.1%
Net Margin
24.7%
18.3%
Revenue YoY
81.3%
40.8%
Net Profit YoY
192.5%
91.1%
EPS (diluted)
$0.13
$0.71

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
RMR
RMR
Q4 25
$38.9M
$66.7M
Q3 25
$8.6M
Q2 25
$15.3M
Q1 25
$7.5M
Q4 24
$21.5M
Q3 24
$12.8M
Q2 24
$8.0M
Q1 24
$17.1M
Net Profit
CDXS
CDXS
RMR
RMR
Q4 25
$9.6M
$12.2M
Q3 25
$-19.6M
Q2 25
$-13.3M
Q1 25
$-20.7M
Q4 24
$-10.4M
Q3 24
$-20.6M
Q2 24
$-22.8M
Q1 24
$-11.5M
Gross Margin
CDXS
CDXS
RMR
RMR
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
RMR
RMR
Q4 25
27.1%
48.1%
Q3 25
-220.3%
Q2 25
-83.9%
Q1 25
-271.6%
Q4 24
-34.2%
Q3 24
-129.0%
Q2 24
-284.9%
Q1 24
-69.6%
Net Margin
CDXS
CDXS
RMR
RMR
Q4 25
24.7%
18.3%
Q3 25
-228.1%
Q2 25
-86.6%
Q1 25
-274.3%
Q4 24
-48.4%
Q3 24
-160.8%
Q2 24
-285.2%
Q1 24
-67.4%
EPS (diluted)
CDXS
CDXS
RMR
RMR
Q4 25
$0.13
$0.71
Q3 25
$-0.22
Q2 25
$-0.16
Q1 25
$-0.25
Q4 24
$-0.12
Q3 24
$-0.29
Q2 24
$-0.32
Q1 24
$-0.16

Balance Sheet & Financial Strength

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

Metric
CDXS
CDXS
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$78.2M
$49.3M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$232.7M
Total Assets
$147.8M
$687.1M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
RMR
RMR
Q4 25
$78.2M
$49.3M
Q3 25
$58.7M
Q2 25
$66.3M
Q1 25
$59.8M
Q4 24
$73.5M
Q3 24
$90.3M
Q2 24
$73.2M
Q1 24
$85.5M
Total Debt
CDXS
CDXS
RMR
RMR
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
RMR
RMR
Q4 25
$50.5M
$232.7M
Q3 25
$38.5M
Q2 25
$55.6M
Q1 25
$49.6M
Q4 24
$66.9M
Q3 24
$73.4M
Q2 24
$61.4M
Q1 24
$79.3M
Total Assets
CDXS
CDXS
RMR
RMR
Q4 25
$147.8M
$687.1M
Q3 25
$124.0M
Q2 25
$138.2M
Q1 25
$128.9M
Q4 24
$149.0M
Q3 24
$148.2M
Q2 24
$132.0M
Q1 24
$149.6M
Debt / Equity
CDXS
CDXS
RMR
RMR
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
RMR
RMR
Operating Cash FlowLast quarter
$20.1M
$10.7M
Free Cash FlowOCF − Capex
$19.6M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
2.09×
0.88×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
RMR
RMR
Q4 25
$20.1M
$10.7M
Q3 25
$-7.7M
Q2 25
$-18.0M
Q1 25
$-13.8M
Q4 24
$-16.5M
Q3 24
$-13.0M
Q2 24
$-12.2M
Q1 24
$-7.8M
Free Cash Flow
CDXS
CDXS
RMR
RMR
Q4 25
$19.6M
Q3 25
$-7.9M
Q2 25
$-20.5M
Q1 25
$-15.1M
Q4 24
$-18.2M
Q3 24
$-14.0M
Q2 24
$-12.6M
Q1 24
$-8.9M
FCF Margin
CDXS
CDXS
RMR
RMR
Q4 25
50.3%
Q3 25
-91.7%
Q2 25
-133.6%
Q1 25
-199.6%
Q4 24
-85.0%
Q3 24
-109.0%
Q2 24
-157.5%
Q1 24
-52.2%
Capex Intensity
CDXS
CDXS
RMR
RMR
Q4 25
1.3%
Q3 25
2.1%
Q2 25
16.4%
Q1 25
16.7%
Q4 24
8.3%
Q3 24
7.8%
Q2 24
5.0%
Q1 24
6.6%
Cash Conversion
CDXS
CDXS
RMR
RMR
Q4 25
2.09×
0.88×
Q3 25
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
CDXS

Segment breakdown not available.

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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