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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Sila Realty Trust, Inc. (SILA). Click either name above to swap in a different company.

Sila Realty Trust, Inc. is the larger business by last-quarter revenue ($50.1M vs $38.9M, roughly 1.3× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 10.0%, a 14.7% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 7.6%). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -0.6%).

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

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

CDXS vs SILA — Head-to-Head

Bigger by revenue
SILA
SILA
1.3× larger
SILA
$50.1M
$38.9M
CDXS
Growing faster (revenue YoY)
CDXS
CDXS
+73.7% gap
CDXS
81.3%
7.6%
SILA
Higher net margin
CDXS
CDXS
14.7% more per $
CDXS
24.7%
10.0%
SILA
Faster 2-yr revenue CAGR
CDXS
CDXS
Annualised
CDXS
51.0%
-0.6%
SILA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDXS
CDXS
SILA
SILA
Revenue
$38.9M
$50.1M
Net Profit
$9.6M
$5.0M
Gross Margin
94.8%
88.9%
Operating Margin
27.1%
Net Margin
24.7%
10.0%
Revenue YoY
81.3%
7.6%
Net Profit YoY
192.5%
-54.9%
EPS (diluted)
$0.13
$0.10

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
SILA
SILA
Q4 25
$38.9M
$50.1M
Q3 25
$8.6M
$49.8M
Q2 25
$15.3M
$48.7M
Q1 25
$7.5M
$48.3M
Q4 24
$21.5M
$46.5M
Q3 24
$12.8M
$46.1M
Q2 24
$8.0M
$43.6M
Q1 24
$17.1M
$50.6M
Net Profit
CDXS
CDXS
SILA
SILA
Q4 25
$9.6M
$5.0M
Q3 25
$-19.6M
$11.6M
Q2 25
$-13.3M
$8.6M
Q1 25
$-20.7M
$7.9M
Q4 24
$-10.4M
$11.1M
Q3 24
$-20.6M
$11.9M
Q2 24
$-22.8M
$4.6M
Q1 24
$-11.5M
$15.0M
Gross Margin
CDXS
CDXS
SILA
SILA
Q4 25
94.8%
88.9%
Q3 25
71.3%
88.1%
Q2 25
86.3%
87.7%
Q1 25
63.8%
86.9%
Q4 24
83.0%
87.3%
Q3 24
66.4%
87.4%
Q2 24
56.6%
86.6%
Q1 24
71.6%
89.0%
Operating Margin
CDXS
CDXS
SILA
SILA
Q4 25
27.1%
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
SILA
SILA
Q4 25
24.7%
10.0%
Q3 25
-228.1%
23.3%
Q2 25
-86.6%
17.6%
Q1 25
-274.3%
16.4%
Q4 24
-48.4%
23.9%
Q3 24
-160.8%
25.9%
Q2 24
-285.2%
10.6%
Q1 24
-67.4%
29.6%
EPS (diluted)
CDXS
CDXS
SILA
SILA
Q4 25
$0.13
$0.10
Q3 25
$-0.22
$0.21
Q2 25
$-0.16
$0.15
Q1 25
$-0.25
$0.14
Q4 24
$-0.12
$0.20
Q3 24
$-0.29
$0.21
Q2 24
$-0.32
$0.08
Q1 24
$-0.16
$0.26

Balance Sheet & Financial Strength

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

Metric
CDXS
CDXS
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$78.2M
$32.3M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$1.3B
Total Assets
$147.8M
$2.1B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
SILA
SILA
Q4 25
$78.2M
$32.3M
Q3 25
$58.7M
$27.7M
Q2 25
$66.3M
$24.8M
Q1 25
$59.8M
$30.5M
Q4 24
$73.5M
$39.8M
Q3 24
$90.3M
$28.6M
Q2 24
$73.2M
$87.0M
Q1 24
$85.5M
$90.2M
Total Debt
CDXS
CDXS
SILA
SILA
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
SILA
SILA
Q4 25
$50.5M
$1.3B
Q3 25
$38.5M
$1.3B
Q2 25
$55.6M
$1.4B
Q1 25
$49.6M
$1.4B
Q4 24
$66.9M
$1.4B
Q3 24
$73.4M
$1.4B
Q2 24
$61.4M
$1.5B
Q1 24
$79.3M
$1.5B
Total Assets
CDXS
CDXS
SILA
SILA
Q4 25
$147.8M
$2.1B
Q3 25
$124.0M
$2.1B
Q2 25
$138.2M
$2.0B
Q1 25
$128.9M
$2.0B
Q4 24
$149.0M
$2.0B
Q3 24
$148.2M
$2.0B
Q2 24
$132.0M
$2.1B
Q1 24
$149.6M
$2.1B
Debt / Equity
CDXS
CDXS
SILA
SILA
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
SILA
SILA
Operating Cash FlowLast quarter
$20.1M
$119.1M
Free Cash FlowOCF − Capex
$19.6M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
2.09×
23.76×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
SILA
SILA
Q4 25
$20.1M
$119.1M
Q3 25
$-7.7M
$30.0M
Q2 25
$-18.0M
$31.9M
Q1 25
$-13.8M
$24.1M
Q4 24
$-16.5M
$132.8M
Q3 24
$-13.0M
$29.1M
Q2 24
$-12.2M
$31.6M
Q1 24
$-7.8M
$36.6M
Free Cash Flow
CDXS
CDXS
SILA
SILA
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
SILA
SILA
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
SILA
SILA
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
SILA
SILA
Q4 25
2.09×
23.76×
Q3 25
2.59×
Q2 25
3.71×
Q1 25
3.06×
Q4 24
11.95×
Q3 24
2.43×
Q2 24
6.84×
Q1 24
2.44×

Financial Flow Comparison

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

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