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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Third Coast Bancshares, Inc. (TCBX). Click either name above to swap in a different company.
Third Coast Bancshares, Inc. is the larger business by last-quarter revenue ($57.7M vs $38.9M, roughly 1.5× CODEXIS, INC.). Third Coast Bancshares, Inc. runs the higher net margin — 28.4% vs 24.7%, a 3.7% gap on every dollar of revenue. Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 17.5%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Third Coast Bancshares, Inc. is a regional financial holding company headquartered in the U.S. Gulf Coast region. It provides a full suite of commercial and retail banking services including deposit products, business and consumer loans, mortgage services, and wealth management solutions, serving local small and medium-sized enterprises, individual consumers, and community clients across Texas and surrounding areas.
CDXS vs TCBX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $57.7M |
| Net Profit | $9.6M | $16.4M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | — |
| Net Margin | 24.7% | 28.4% |
| Revenue YoY | 81.3% | — |
| Net Profit YoY | 192.5% | 20.5% |
| EPS (diluted) | $0.13 | $0.88 |
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.
| Q1 26 | — | $57.7M | ||
| Q4 25 | $38.9M | $56.5M | ||
| Q3 25 | $8.6M | $54.5M | ||
| Q2 25 | $15.3M | $52.0M | ||
| Q1 25 | $7.5M | $45.9M | ||
| Q4 24 | $21.5M | $46.3M | ||
| Q3 24 | $12.8M | $42.9M | ||
| Q2 24 | $8.0M | $41.7M |
| Q1 26 | — | $16.4M | ||
| Q4 25 | $9.6M | $17.9M | ||
| Q3 25 | $-19.6M | $18.1M | ||
| Q2 25 | $-13.3M | $16.7M | ||
| Q1 25 | $-20.7M | $13.6M | ||
| Q4 24 | $-10.4M | $13.7M | ||
| Q3 24 | $-20.6M | $12.8M | ||
| Q2 24 | $-22.8M | $10.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 27.1% | 38.1% | ||
| Q3 25 | -220.3% | 41.9% | ||
| Q2 25 | -83.9% | 40.5% | ||
| Q1 25 | -271.6% | 37.8% | ||
| Q4 24 | -34.2% | 38.7% | ||
| Q3 24 | -129.0% | 37.9% | ||
| Q2 24 | -284.9% | 34.1% |
| Q1 26 | — | 28.4% | ||
| Q4 25 | 24.7% | 31.7% | ||
| Q3 25 | -228.1% | 33.1% | ||
| Q2 25 | -86.6% | 32.2% | ||
| Q1 25 | -274.3% | 29.6% | ||
| Q4 24 | -48.4% | 29.7% | ||
| Q3 24 | -160.8% | 29.8% | ||
| Q2 24 | -285.2% | 25.9% |
| Q1 26 | — | $0.88 | ||
| Q4 25 | $0.13 | $1.02 | ||
| Q3 25 | $-0.22 | $1.03 | ||
| Q2 25 | $-0.16 | $0.96 | ||
| Q1 25 | $-0.25 | $0.78 | ||
| Q4 24 | $-0.12 | $0.80 | ||
| Q3 24 | $-0.29 | $0.74 | ||
| Q2 24 | $-0.32 | $0.63 |
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 | — |
| Total DebtLower is stronger | $40.1M | — |
| Stockholders' EquityBook value | $50.5M | $650.5M |
| Total Assets | $147.8M | $6.6B |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $78.2M | $175.2M | ||
| Q3 25 | $58.7M | $116.4M | ||
| Q2 25 | $66.3M | $113.1M | ||
| Q1 25 | $59.8M | $219.0M | ||
| Q4 24 | $73.5M | $371.2M | ||
| Q3 24 | $90.3M | $258.2M | ||
| Q2 24 | $73.2M | $241.8M |
| Q1 26 | — | — | ||
| 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 26 | — | $650.5M | ||
| Q4 25 | $50.5M | $531.0M | ||
| Q3 25 | $38.5M | $513.8M | ||
| Q2 25 | $55.6M | $496.1M | ||
| Q1 25 | $49.6M | $479.8M | ||
| Q4 24 | $66.9M | $460.7M | ||
| Q3 24 | $73.4M | $450.5M | ||
| Q2 24 | $61.4M | $435.0M |
| Q1 26 | — | $6.6B | ||
| Q4 25 | $147.8M | $5.3B | ||
| Q3 25 | $124.0M | $5.1B | ||
| Q2 25 | $138.2M | $4.9B | ||
| Q1 25 | $128.9M | $4.9B | ||
| Q4 24 | $149.0M | $4.9B | ||
| Q3 24 | $148.2M | $4.6B | ||
| Q2 24 | $132.0M | $4.5B |
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| Free Cash FlowOCF − Capex | $19.6M | — |
| FCF MarginFCF / Revenue | 50.3% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 2.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $20.1M | $50.8M | ||
| Q3 25 | $-7.7M | $20.7M | ||
| Q2 25 | $-18.0M | $13.9M | ||
| Q1 25 | $-13.8M | $10.5M | ||
| Q4 24 | $-16.5M | $35.1M | ||
| Q3 24 | $-13.0M | $22.0M | ||
| Q2 24 | $-12.2M | $7.3M |
| Q1 26 | — | — | ||
| Q4 25 | $19.6M | — | ||
| Q3 25 | $-7.9M | — | ||
| Q2 25 | $-20.5M | — | ||
| Q1 25 | $-15.1M | — | ||
| Q4 24 | $-18.2M | $33.4M | ||
| Q3 24 | $-14.0M | — | ||
| Q2 24 | $-12.6M | — |
| Q1 26 | — | — | ||
| Q4 25 | 50.3% | — | ||
| Q3 25 | -91.7% | — | ||
| Q2 25 | -133.6% | — | ||
| Q1 25 | -199.6% | — | ||
| Q4 24 | -85.0% | 72.1% | ||
| Q3 24 | -109.0% | — | ||
| Q2 24 | -157.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 8.3% | 3.8% | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 5.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.09× | 2.84× | ||
| Q3 25 | — | 1.15× | ||
| Q2 25 | — | 0.83× | ||
| Q1 25 | — | 0.77× | ||
| Q4 24 | — | 2.56× | ||
| Q3 24 | — | 1.72× | ||
| Q2 24 | — | 0.68× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDXS
Segment breakdown not available.
TCBX
| Net Interest Income | $53.6M | 93% |
| Noninterest Income | $4.0M | 7% |
