vs

Side-by-side financial comparison of Core Laboratories Inc. (CLB) and Protagonist Therapeutics, Inc (PTGX). Click either name above to swap in a different company.

Protagonist Therapeutics, Inc is the larger business by last-quarter revenue ($170.6M vs $121.8M, roughly 1.4× Core Laboratories Inc.). Protagonist Therapeutics, Inc runs the higher net margin — 77.2% vs 4.2%, a 73.0% gap on every dollar of revenue. On growth, Protagonist Therapeutics, Inc posted the faster year-over-year revenue change (184.4% vs -1.4%). Protagonist Therapeutics, Inc produced more free cash flow last quarter ($182.8M vs $517.0K).

Abbott Laboratories, commonly known as Abbott, is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois. The company produces pharmaceuticals for sale outside the United States, diagnostic products, nutritional products, and medical devices.

Protagonist Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing novel peptide-based targeted therapies for unmet medical needs, primarily covering gastrointestinal disorders, inflammatory diseases and rare disease indications. Its lead product candidates target inflammatory bowel disease and other chronic immune-related conditions, with operations spanning global R&D and partnership collaborations.

CLB vs PTGX — Head-to-Head

Bigger by revenue
PTGX
PTGX
1.4× larger
PTGX
$170.6M
$121.8M
CLB
Growing faster (revenue YoY)
PTGX
PTGX
+185.8% gap
PTGX
184.4%
-1.4%
CLB
Higher net margin
PTGX
PTGX
73.0% more per $
PTGX
77.2%
4.2%
CLB
More free cash flow
PTGX
PTGX
$182.3M more FCF
PTGX
$182.8M
$517.0K
CLB

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
CLB
CLB
PTGX
PTGX
Revenue
$121.8M
$170.6M
Net Profit
$5.1M
$131.7M
Gross Margin
Operating Margin
1.5%
74.3%
Net Margin
4.2%
77.2%
Revenue YoY
-1.4%
184.4%
Net Profit YoY
381.7%
EPS (diluted)
$0.11
$2.01

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
CLB
CLB
PTGX
PTGX
Q1 26
$121.8M
Q4 25
$138.3M
Q3 25
$134.5M
Q2 25
$130.2M
Q1 25
$123.6M
Q4 24
$129.2M
$170.6M
Q3 24
$134.4M
Q2 24
$130.6M
Net Profit
CLB
CLB
PTGX
PTGX
Q1 26
$5.1M
Q4 25
$4.9M
Q3 25
$14.2M
Q2 25
$10.6M
Q1 25
$-154.0K
Q4 24
$7.4M
$131.7M
Q3 24
$11.7M
Q2 24
$9.0M
Gross Margin
CLB
CLB
PTGX
PTGX
Q1 26
Q4 25
20.8%
Q3 25
22.0%
Q2 25
20.3%
Q1 25
19.5%
Q4 24
17.8%
Q3 24
20.5%
Q2 24
21.2%
Operating Margin
CLB
CLB
PTGX
PTGX
Q1 26
1.5%
Q4 25
11.5%
Q3 25
15.6%
Q2 25
11.7%
Q1 25
3.6%
Q4 24
11.0%
74.3%
Q3 24
14.7%
Q2 24
12.3%
Net Margin
CLB
CLB
PTGX
PTGX
Q1 26
4.2%
Q4 25
3.6%
Q3 25
10.6%
Q2 25
8.2%
Q1 25
-0.1%
Q4 24
5.7%
77.2%
Q3 24
8.7%
Q2 24
6.9%
EPS (diluted)
CLB
CLB
PTGX
PTGX
Q1 26
$0.11
Q4 25
$0.11
Q3 25
$0.30
Q2 25
$0.22
Q1 25
$0.00
Q4 24
$0.15
$2.01
Q3 24
$0.25
Q2 24
$0.19

Balance Sheet & Financial Strength

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

Metric
CLB
CLB
PTGX
PTGX
Cash + ST InvestmentsLiquidity on hand
$22.8M
$418.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$275.1M
$675.3M
Total Assets
$587.7M
$744.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLB
CLB
PTGX
PTGX
Q1 26
$22.8M
Q4 25
$22.7M
Q3 25
$25.6M
Q2 25
$31.2M
Q1 25
$22.1M
Q4 24
$19.2M
$418.9M
Q3 24
$21.5M
Q2 24
$17.7M
Total Debt
CLB
CLB
PTGX
PTGX
Q1 26
Q4 25
$110.3M
Q3 25
$114.1M
Q2 25
$124.6M
Q1 25
$124.4M
Q4 24
$126.1M
Q3 24
$139.9M
Q2 24
$147.6M
Stockholders' Equity
CLB
CLB
PTGX
PTGX
Q1 26
$275.1M
Q4 25
$266.0M
Q3 25
$271.3M
Q2 25
$261.3M
Q1 25
$253.4M
Q4 24
$246.6M
$675.3M
Q3 24
$250.7M
Q2 24
$240.3M
Total Assets
CLB
CLB
PTGX
PTGX
Q1 26
$587.7M
Q4 25
$584.0M
Q3 25
$591.4M
Q2 25
$602.1M
Q1 25
$591.5M
Q4 24
$585.1M
$744.7M
Q3 24
$600.5M
Q2 24
$597.8M
Debt / Equity
CLB
CLB
PTGX
PTGX
Q1 26
Q4 25
0.41×
Q3 25
0.42×
Q2 25
0.48×
Q1 25
0.49×
Q4 24
0.51×
Q3 24
0.56×
Q2 24
0.61×

Cash Flow & Capital Efficiency

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

Metric
CLB
CLB
PTGX
PTGX
Operating Cash FlowLast quarter
$4.0M
$184.2M
Free Cash FlowOCF − Capex
$517.0K
$182.8M
FCF MarginFCF / Revenue
0.4%
107.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.77×
1.40×
TTM Free Cash FlowTrailing 4 quarters
$22.5M
$101.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLB
CLB
PTGX
PTGX
Q1 26
$4.0M
Q4 25
$7.9M
Q3 25
$8.5M
Q2 25
$13.9M
Q1 25
$6.7M
Q4 24
$20.6M
$184.2M
Q3 24
$13.1M
Q2 24
$17.1M
Free Cash Flow
CLB
CLB
PTGX
PTGX
Q1 26
$517.0K
Q4 25
$5.0M
Q3 25
$6.5M
Q2 25
$10.4M
Q1 25
$3.9M
Q4 24
$17.4M
$182.8M
Q3 24
$10.4M
Q2 24
$14.3M
FCF Margin
CLB
CLB
PTGX
PTGX
Q1 26
0.4%
Q4 25
3.6%
Q3 25
4.8%
Q2 25
8.0%
Q1 25
3.1%
Q4 24
13.4%
107.1%
Q3 24
7.7%
Q2 24
10.9%
Capex Intensity
CLB
CLB
PTGX
PTGX
Q1 26
Q4 25
2.1%
Q3 25
1.5%
Q2 25
2.7%
Q1 25
2.3%
Q4 24
2.5%
0.8%
Q3 24
2.0%
Q2 24
2.2%
Cash Conversion
CLB
CLB
PTGX
PTGX
Q1 26
0.77×
Q4 25
1.61×
Q3 25
0.60×
Q2 25
1.31×
Q1 25
Q4 24
2.78×
1.40×
Q3 24
1.12×
Q2 24
1.90×

Financial Flow Comparison

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

Related Comparisons