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Side-by-side financial comparison of Certara, Inc. (CERT) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $103.6M, roughly 1.5× Certara, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -5.7%, a 76.9% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 3.3%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $27.8M).

Certara is a global leader in biopharmaceutical software and consulting services, specializing in modeling, simulation, and regulatory science solutions. It serves pharmaceutical companies, biotech firms and healthcare stakeholders across all drug development stages, helping accelerate new therapy launches, lower R&D risks and cut overall development costs.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

CERT vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.5× larger
STOK
$158.6M
$103.6M
CERT
Growing faster (revenue YoY)
STOK
STOK
+3657.8% gap
STOK
3661.1%
3.3%
CERT
Higher net margin
STOK
STOK
76.9% more per $
STOK
71.2%
-5.7%
CERT
More free cash flow
STOK
STOK
$103.9M more FCF
STOK
$131.7M
$27.8M
CERT

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
CERT
CERT
STOK
STOK
Revenue
$103.6M
$158.6M
Net Profit
$-5.9M
$112.9M
Gross Margin
Operating Margin
0.8%
70.2%
Net Margin
-5.7%
71.2%
Revenue YoY
3.3%
3661.1%
Net Profit YoY
-189.6%
528.0%
EPS (diluted)
$-0.04
$1.90

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
CERT
CERT
STOK
STOK
Q4 25
$103.6M
Q3 25
$104.6M
Q2 25
$104.6M
Q1 25
$106.0M
$158.6M
Q4 24
$100.4M
$22.6M
Q3 24
$94.8M
Q2 24
$93.3M
Q1 24
$96.7M
Net Profit
CERT
CERT
STOK
STOK
Q4 25
$-5.9M
Q3 25
$1.5M
Q2 25
$-2.0M
Q1 25
$4.7M
$112.9M
Q4 24
$6.6M
$-10.5M
Q3 24
$-1.4M
Q2 24
$-12.6M
Q1 24
$-4.7M
Operating Margin
CERT
CERT
STOK
STOK
Q4 25
0.8%
Q3 25
2.9%
Q2 25
9.1%
Q1 25
7.2%
70.2%
Q4 24
6.0%
-60.4%
Q3 24
2.7%
Q2 24
-9.7%
Q1 24
-1.3%
Net Margin
CERT
CERT
STOK
STOK
Q4 25
-5.7%
Q3 25
1.5%
Q2 25
-1.9%
Q1 25
4.5%
71.2%
Q4 24
6.6%
-46.4%
Q3 24
-1.4%
Q2 24
-13.5%
Q1 24
-4.8%
EPS (diluted)
CERT
CERT
STOK
STOK
Q4 25
$-0.04
Q3 25
$0.01
Q2 25
$-0.01
Q1 25
$0.03
$1.90
Q4 24
$0.04
$-0.15
Q3 24
$-0.01
Q2 24
$-0.08
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
CERT
CERT
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$189.4M
$274.8M
Total DebtLower is stronger
$293.1M
Stockholders' EquityBook value
$1.1B
$350.1M
Total Assets
$1.6B
$406.9M
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CERT
CERT
STOK
STOK
Q4 25
$189.4M
Q3 25
$172.7M
Q2 25
$162.3M
Q1 25
$179.1M
$274.8M
Q4 24
$179.2M
$128.0M
Q3 24
$233.0M
Q2 24
$224.6M
Q1 24
$224.8M
Total Debt
CERT
CERT
STOK
STOK
Q4 25
$293.1M
Q3 25
$293.5M
Q2 25
$294.2M
Q1 25
$294.8M
Q4 24
$295.4M
Q3 24
$296.1M
Q2 24
$296.7M
Q1 24
$290.8M
Stockholders' Equity
CERT
CERT
STOK
STOK
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
$350.1M
Q4 24
$1.1B
$229.0M
Q3 24
$1.1B
Q2 24
$1.0B
Q1 24
$1.1B
Total Assets
CERT
CERT
STOK
STOK
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.6B
$406.9M
Q4 24
$1.6B
$271.6M
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Debt / Equity
CERT
CERT
STOK
STOK
Q4 25
0.28×
Q3 25
0.28×
Q2 25
0.27×
Q1 25
0.27×
Q4 24
0.28×
Q3 24
0.28×
Q2 24
0.28×
Q1 24
0.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CERT
CERT
STOK
STOK
Operating Cash FlowLast quarter
$28.8M
$131.8M
Free Cash FlowOCF − Capex
$27.8M
$131.7M
FCF MarginFCF / Revenue
26.8%
83.0%
Capex IntensityCapex / Revenue
1.0%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$94.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CERT
CERT
STOK
STOK
Q4 25
$28.8M
Q3 25
$32.3M
Q2 25
$17.8M
Q1 25
$17.4M
$131.8M
Q4 24
$49.4M
$-23.2M
Q3 24
$17.0M
Q2 24
$9.8M
Q1 24
$4.3M
Free Cash Flow
CERT
CERT
STOK
STOK
Q4 25
$27.8M
Q3 25
$32.1M
Q2 25
$17.8M
Q1 25
$16.8M
$131.7M
Q4 24
$49.0M
$-23.2M
Q3 24
$16.8M
Q2 24
$9.4M
Q1 24
$3.7M
FCF Margin
CERT
CERT
STOK
STOK
Q4 25
26.8%
Q3 25
30.7%
Q2 25
17.0%
Q1 25
15.8%
83.0%
Q4 24
48.8%
-102.7%
Q3 24
17.7%
Q2 24
10.1%
Q1 24
3.8%
Capex Intensity
CERT
CERT
STOK
STOK
Q4 25
1.0%
Q3 25
0.2%
Q2 25
0.1%
Q1 25
0.6%
0.1%
Q4 24
0.4%
0.2%
Q3 24
0.2%
Q2 24
0.5%
Q1 24
0.6%
Cash Conversion
CERT
CERT
STOK
STOK
Q4 25
Q3 25
21.19×
Q2 25
Q1 25
3.66×
1.17×
Q4 24
7.51×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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