vs

Side-by-side financial comparison of Connect Biopharma Holdings Ltd (CNTB) and Farmmi, Inc. (FAMI). Click either name above to swap in a different company.

Connect Biopharma Holdings Ltd is the larger business by last-quarter revenue ($24.1M vs $16.1M, roughly 1.5× Farmmi, Inc.). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs -0.3%, a 61.8% gap on every dollar of revenue.

Connect Biopharma Holdings Ltd is a clinical-stage global biopharmaceutical company dedicated to developing innovative targeted therapies for inflammatory, immunological and autoimmune diseases. Its core pipeline includes candidate treatments for asthma, atopic dermatitis and other conditions with high unmet medical needs, with main operations across the U.S., China and key global markets to deliver effective therapeutic solutions to patients.

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

CNTB vs FAMI — Head-to-Head

Bigger by revenue
CNTB
CNTB
1.5× larger
CNTB
$24.1M
$16.1M
FAMI
Higher net margin
CNTB
CNTB
61.8% more per $
CNTB
61.6%
-0.3%
FAMI

Income Statement — Q2 FY2024 vs Q2 FY2025

Metric
CNTB
CNTB
FAMI
FAMI
Revenue
$24.1M
$16.1M
Net Profit
$14.8M
$-44.0K
Gross Margin
5.0%
Operating Margin
56.6%
-4.1%
Net Margin
61.6%
-0.3%
Revenue YoY
-55.7%
Net Profit YoY
148.7%
-107.0%
EPS (diluted)
$0.27
$-0.04

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
CNTB
CNTB
FAMI
FAMI
Q1 25
$16.1M
Q2 24
$24.1M
Q1 24
$36.4M
Q2 23
$0
Net Profit
CNTB
CNTB
FAMI
FAMI
Q1 25
$-44.0K
Q2 24
$14.8M
Q1 24
$630.5K
Q2 23
$-30.5M
Gross Margin
CNTB
CNTB
FAMI
FAMI
Q1 25
5.0%
Q2 24
Q1 24
5.9%
Q2 23
Operating Margin
CNTB
CNTB
FAMI
FAMI
Q1 25
-4.1%
Q2 24
56.6%
Q1 24
2.5%
Q2 23
Net Margin
CNTB
CNTB
FAMI
FAMI
Q1 25
-0.3%
Q2 24
61.6%
Q1 24
1.7%
Q2 23
EPS (diluted)
CNTB
CNTB
FAMI
FAMI
Q1 25
$-0.04
Q2 24
$0.27
Q1 24
$1.20
Q2 23
$-0.55

Balance Sheet & Financial Strength

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

Metric
CNTB
CNTB
FAMI
FAMI
Cash + ST InvestmentsLiquidity on hand
$110.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$110.9M
$166.4M
Total Assets
$120.6M
$230.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
FAMI
FAMI
Q1 25
Q2 24
$110.2M
Q1 24
Q2 23
$81.6M
Stockholders' Equity
CNTB
CNTB
FAMI
FAMI
Q1 25
$166.4M
Q2 24
$110.9M
Q1 24
$164.4M
Q2 23
$128.7M
Total Assets
CNTB
CNTB
FAMI
FAMI
Q1 25
$230.4M
Q2 24
$120.6M
Q1 24
$171.9M
Q2 23
$144.1M

Cash Flow & Capital Efficiency

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

Metric
CNTB
CNTB
FAMI
FAMI
Operating Cash FlowLast quarter
$-8.0M
$14.6M
Free Cash FlowOCF − Capex
$14.6M
FCF MarginFCF / Revenue
90.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
-0.54×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNTB
CNTB
FAMI
FAMI
Q1 25
$14.6M
Q2 24
$-8.0M
Q1 24
$-14.9M
Q2 23
$-31.2M
Free Cash Flow
CNTB
CNTB
FAMI
FAMI
Q1 25
$14.6M
Q2 24
Q1 24
Q2 23
FCF Margin
CNTB
CNTB
FAMI
FAMI
Q1 25
90.1%
Q2 24
Q1 24
Q2 23
Capex Intensity
CNTB
CNTB
FAMI
FAMI
Q1 25
0.1%
Q2 24
Q1 24
0.0%
Q2 23
Cash Conversion
CNTB
CNTB
FAMI
FAMI
Q1 25
Q2 24
-0.54×
Q1 24
-23.63×
Q2 23

Financial Flow Comparison

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

Related Comparisons