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Side-by-side financial comparison of Coherus Oncology, Inc. (CHRS) and Finward Bancorp (FNWD). Click either name above to swap in a different company.

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $12.7M, roughly 1.3× Coherus Oncology, Inc.). Finward Bancorp runs the higher net margin — 12.0% vs -295.3%, a 307.3% gap on every dollar of revenue. On growth, Coherus Oncology, Inc. posted the faster year-over-year revenue change (64.9% vs 1.1%). Over the past eight quarters, Finward Bancorp's revenue compounded faster (-19.1% CAGR vs -47.0%).

Coherus Oncology, Inc. is a commercial-stage biopharmaceutical company focused on developing, manufacturing and commercializing affordable oncology treatments, including FDA-approved biosimilars and novel targeted immuno-oncology therapies. Its core market is North America, serving patients with solid tumors and hematological malignancies to expand access to life-saving cancer care.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

CHRS vs FNWD — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.3× larger
FNWD
$16.5M
$12.7M
CHRS
Growing faster (revenue YoY)
CHRS
CHRS
+63.8% gap
CHRS
64.9%
1.1%
FNWD
Higher net margin
FNWD
FNWD
307.3% more per $
FNWD
12.0%
-295.3%
CHRS
Faster 2-yr revenue CAGR
FNWD
FNWD
Annualised
FNWD
-19.1%
-47.0%
CHRS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CHRS
CHRS
FNWD
FNWD
Revenue
$12.7M
$16.5M
Net Profit
$-37.6M
$2.0M
Gross Margin
68.3%
Operating Margin
-359.9%
11.0%
Net Margin
-295.3%
12.0%
Revenue YoY
64.9%
1.1%
Net Profit YoY
25.7%
-5.6%
EPS (diluted)
$-0.34
$0.46

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
CHRS
CHRS
FNWD
FNWD
Q4 25
$12.7M
$16.5M
Q3 25
$11.6M
$17.4M
Q2 25
$10.3M
$16.6M
Q1 25
$15.5M
Q4 24
$16.3M
Q3 24
$14.9M
Q2 24
$10.3M
$14.6M
Q1 24
$25.3M
Net Profit
CHRS
CHRS
FNWD
FNWD
Q4 25
$-37.6M
$2.0M
Q3 25
$-35.5M
$3.5M
Q2 25
$297.8M
$2.2M
Q1 25
$455.0K
Q4 24
$2.1M
Q3 24
$606.0K
Q2 24
$-12.9M
$143.0K
Q1 24
$9.3M
Gross Margin
CHRS
CHRS
FNWD
FNWD
Q4 25
68.3%
Q3 25
67.8%
Q2 25
66.9%
Q1 25
Q4 24
Q3 24
Q2 24
82.4%
Q1 24
Operating Margin
CHRS
CHRS
FNWD
FNWD
Q4 25
-359.9%
11.0%
Q3 25
-383.1%
20.5%
Q2 25
-443.6%
12.7%
Q1 25
4.0%
Q4 24
16.3%
Q3 24
2.7%
Q2 24
-384.9%
0.9%
Q1 24
40.6%
Net Margin
CHRS
CHRS
FNWD
FNWD
Q4 25
-295.3%
12.0%
Q3 25
-307.1%
20.1%
Q2 25
2903.9%
12.9%
Q1 25
2.9%
Q4 24
12.9%
Q3 24
4.1%
Q2 24
-125.5%
1.0%
Q1 24
36.7%
EPS (diluted)
CHRS
CHRS
FNWD
FNWD
Q4 25
$-0.34
$0.46
Q3 25
$-0.31
$0.81
Q2 25
$2.57
$0.50
Q1 25
$0.11
Q4 24
$0.50
Q3 24
$0.14
Q2 24
$-0.11
$0.03
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
CHRS
CHRS
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$172.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$61.0M
$174.7M
Total Assets
$258.3M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHRS
CHRS
FNWD
FNWD
Q4 25
$172.1M
Q3 25
$191.7M
Q2 25
$237.6M
Q1 25
Q4 24
Q3 24
Q2 24
$159.2M
Q1 24
Stockholders' Equity
CHRS
CHRS
FNWD
FNWD
Q4 25
$61.0M
$174.7M
Q3 25
$87.8M
$165.5M
Q2 25
$119.8M
$154.3M
Q1 25
$151.8M
Q4 24
$151.4M
Q3 24
$159.6M
Q2 24
$-84.1M
$148.6M
Q1 24
$151.6M
Total Assets
CHRS
CHRS
FNWD
FNWD
Q4 25
$258.3M
$2.0B
Q3 25
$516.5M
$2.1B
Q2 25
$439.5M
$2.1B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$674.9M
$2.1B
Q1 24
$2.1B

Cash Flow & Capital Efficiency

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

Metric
CHRS
CHRS
FNWD
FNWD
Operating Cash FlowLast quarter
$-19.7M
$9.9M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
54.8%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHRS
CHRS
FNWD
FNWD
Q4 25
$-19.7M
$9.9M
Q3 25
$-46.3M
$1.2M
Q2 25
$-46.6M
$4.8M
Q1 25
$-3.8M
Q4 24
$9.8M
Q3 24
$-3.7M
Q2 24
$59.7M
$2.8M
Q1 24
$-25.0K
Free Cash Flow
CHRS
CHRS
FNWD
FNWD
Q4 25
$9.0M
Q3 25
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$1.1M
Q1 24
$-736.0K
FCF Margin
CHRS
CHRS
FNWD
FNWD
Q4 25
54.8%
Q3 25
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
7.6%
Q1 24
-2.9%
Capex Intensity
CHRS
CHRS
FNWD
FNWD
Q4 25
5.2%
Q3 25
0.9%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
11.2%
Q1 24
2.8%
Cash Conversion
CHRS
CHRS
FNWD
FNWD
Q4 25
4.99×
Q3 25
0.34×
Q2 25
-0.16×
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHRS
CHRS

Toripalimab$12.4M97%
Other$388.0K3%

FNWD
FNWD

Segment breakdown not available.

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