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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Silvercrest Asset Management Group Inc. (SAMG). Click either name above to swap in a different company.

CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $32.0M, roughly 1.2× Silvercrest Asset Management Group Inc.). CODEXIS, INC. runs the higher net margin — 24.7% vs -0.4%, a 25.0% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs -0.0%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $15.0M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 2.7%).

CDXS vs SAMG — Head-to-Head

Bigger by revenue
CDXS
CDXS
1.2× larger
CDXS
$38.9M
$32.0M
SAMG
Growing faster (revenue YoY)
CDXS
CDXS
+81.3% gap
CDXS
81.3%
-0.0%
SAMG
Higher net margin
CDXS
CDXS
25.0% more per $
CDXS
24.7%
-0.4%
SAMG
More free cash flow
CDXS
CDXS
$4.6M more FCF
CDXS
$19.6M
$15.0M
SAMG
Faster 2-yr revenue CAGR
CDXS
CDXS
Annualised
CDXS
51.0%
2.7%
SAMG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDXS
CDXS
SAMG
SAMG
Revenue
$38.9M
$32.0M
Net Profit
$9.6M
$-120.0K
Gross Margin
94.8%
Operating Margin
27.1%
-2.8%
Net Margin
24.7%
-0.4%
Revenue YoY
81.3%
-0.0%
Net Profit YoY
192.5%
-107.4%
EPS (diluted)
$0.13
$0.02

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
SAMG
SAMG
Q4 25
$38.9M
$32.0M
Q3 25
$8.6M
$31.3M
Q2 25
$15.3M
$30.7M
Q1 25
$7.5M
$31.4M
Q4 24
$21.5M
$32.0M
Q3 24
$12.8M
$30.4M
Q2 24
$8.0M
$31.0M
Q1 24
$17.1M
$30.3M
Net Profit
CDXS
CDXS
SAMG
SAMG
Q4 25
$9.6M
$-120.0K
Q3 25
$-19.6M
$618.0K
Q2 25
$-13.3M
$1.9M
Q1 25
$-20.7M
$2.5M
Q4 24
$-10.4M
$1.6M
Q3 24
$-20.6M
$2.3M
Q2 24
$-22.8M
$2.7M
Q1 24
$-11.5M
$3.0M
Gross Margin
CDXS
CDXS
SAMG
SAMG
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
SAMG
SAMG
Q4 25
27.1%
-2.8%
Q3 25
-220.3%
4.3%
Q2 25
-83.9%
13.2%
Q1 25
-271.6%
15.4%
Q4 24
-34.2%
6.1%
Q3 24
-129.0%
14.6%
Q2 24
-284.9%
17.1%
Q1 24
-69.6%
19.5%
Net Margin
CDXS
CDXS
SAMG
SAMG
Q4 25
24.7%
-0.4%
Q3 25
-228.1%
2.0%
Q2 25
-86.6%
6.3%
Q1 25
-274.3%
7.9%
Q4 24
-48.4%
5.1%
Q3 24
-160.8%
7.4%
Q2 24
-285.2%
8.6%
Q1 24
-67.4%
9.9%
EPS (diluted)
CDXS
CDXS
SAMG
SAMG
Q4 25
$0.13
$0.02
Q3 25
$-0.22
$0.07
Q2 25
$-0.16
$0.21
Q1 25
$-0.25
$0.26
Q4 24
$-0.12
$0.16
Q3 24
$-0.29
$0.24
Q2 24
$-0.32
$0.28
Q1 24
$-0.16
$0.32

Balance Sheet & Financial Strength

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

Metric
CDXS
CDXS
SAMG
SAMG
Cash + ST InvestmentsLiquidity on hand
$78.2M
$44.1M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$50.3M
Total Assets
$147.8M
$166.6M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
SAMG
SAMG
Q4 25
$78.2M
$44.1M
Q3 25
$58.7M
$36.1M
Q2 25
$66.3M
$30.0M
Q1 25
$59.8M
$36.3M
Q4 24
$73.5M
$68.6M
Q3 24
$90.3M
$58.1M
Q2 24
$73.2M
$49.9M
Q1 24
$85.5M
$39.7M
Total Debt
CDXS
CDXS
SAMG
SAMG
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
SAMG
SAMG
Q4 25
$50.5M
$50.3M
Q3 25
$38.5M
$58.9M
Q2 25
$55.6M
$64.6M
Q1 25
$49.6M
$80.0M
Q4 24
$66.9M
$80.7M
Q3 24
$73.4M
$84.6M
Q2 24
$61.4M
$85.3M
Q1 24
$79.3M
$83.9M
Total Assets
CDXS
CDXS
SAMG
SAMG
Q4 25
$147.8M
$166.6M
Q3 25
$124.0M
$157.6M
Q2 25
$138.2M
$152.7M
Q1 25
$128.9M
$159.9M
Q4 24
$149.0M
$194.4M
Q3 24
$148.2M
$184.2M
Q2 24
$132.0M
$177.6M
Q1 24
$149.6M
$170.2M
Debt / Equity
CDXS
CDXS
SAMG
SAMG
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
SAMG
SAMG
Operating Cash FlowLast quarter
$20.1M
$18.6M
Free Cash FlowOCF − Capex
$19.6M
$15.0M
FCF MarginFCF / Revenue
50.3%
46.9%
Capex IntensityCapex / Revenue
1.3%
11.4%
Cash ConversionOCF / Net Profit
2.09×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M
$17.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
SAMG
SAMG
Q4 25
$20.1M
$18.6M
Q3 25
$-7.7M
$14.6M
Q2 25
$-18.0M
$13.8M
Q1 25
$-13.8M
$-24.7M
Q4 24
$-16.5M
$21.6M
Q3 24
$-13.0M
$13.3M
Q2 24
$-12.2M
$16.0M
Q1 24
$-7.8M
$-24.1M
Free Cash Flow
CDXS
CDXS
SAMG
SAMG
Q4 25
$19.6M
$15.0M
Q3 25
$-7.9M
$13.8M
Q2 25
$-20.5M
$13.4M
Q1 25
$-15.1M
$-25.1M
Q4 24
$-18.2M
$19.9M
Q3 24
$-14.0M
$12.9M
Q2 24
$-12.6M
$15.6M
Q1 24
$-8.9M
$-24.7M
FCF Margin
CDXS
CDXS
SAMG
SAMG
Q4 25
50.3%
46.9%
Q3 25
-91.7%
44.1%
Q2 25
-133.6%
43.6%
Q1 25
-199.6%
-80.0%
Q4 24
-85.0%
62.2%
Q3 24
-109.0%
42.4%
Q2 24
-157.5%
50.4%
Q1 24
-52.2%
-81.6%
Capex Intensity
CDXS
CDXS
SAMG
SAMG
Q4 25
1.3%
11.4%
Q3 25
2.1%
2.6%
Q2 25
16.4%
1.5%
Q1 25
16.7%
1.3%
Q4 24
8.3%
5.3%
Q3 24
7.8%
1.2%
Q2 24
5.0%
1.1%
Q1 24
6.6%
2.0%
Cash Conversion
CDXS
CDXS
SAMG
SAMG
Q4 25
2.09×
Q3 25
23.62×
Q2 25
7.22×
Q1 25
-10.01×
Q4 24
13.34×
Q3 24
5.90×
Q2 24
6.00×
Q1 24
-8.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CDXS
CDXS

Segment breakdown not available.

SAMG
SAMG

Investment Advisory Management And Administrative Service$30.7M96%
Tax And Family Office Services$1.2M4%

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