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Side-by-side financial comparison of Connect Biopharma Holdings Ltd (CNTB) and Five Point Holdings, LLC (FPH). 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 $13.6M, roughly 1.8× Five Point Holdings, LLC). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs -16.4%, a 78.0% 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.

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

CNTB vs FPH — Head-to-Head

Bigger by revenue
CNTB
CNTB
1.8× larger
CNTB
$24.1M
$13.6M
FPH
Higher net margin
CNTB
CNTB
78.0% more per $
CNTB
61.6%
-16.4%
FPH

Income Statement — Q2 FY2024 vs Q1 FY2026

Metric
CNTB
CNTB
FPH
FPH
Revenue
$24.1M
$13.6M
Net Profit
$14.8M
$-2.2M
Gross Margin
Operating Margin
56.6%
-43.5%
Net Margin
61.6%
-16.4%
Revenue YoY
3.2%
Net Profit YoY
148.7%
-109.6%
EPS (diluted)
$0.27

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
FPH
FPH
Q1 26
$13.6M
Q4 25
$75.9M
Q3 25
$13.5M
Q2 25
$7.5M
Q1 25
$13.2M
Q4 24
$159.8M
Q3 24
$17.0M
Q2 24
$24.1M
$51.2M
Net Profit
CNTB
CNTB
FPH
FPH
Q1 26
$-2.2M
Q4 25
$58.7M
Q3 25
$21.1M
Q2 25
$3.3M
Q1 25
$23.3M
Q4 24
$121.0M
Q3 24
$4.8M
Q2 24
$14.8M
$14.7M
Operating Margin
CNTB
CNTB
FPH
FPH
Q1 26
-43.5%
Q4 25
89.0%
Q3 25
Q2 25
Q1 25
Q4 24
87.5%
Q3 24
83.6%
Q2 24
56.6%
86.1%
Net Margin
CNTB
CNTB
FPH
FPH
Q1 26
-16.4%
Q4 25
77.3%
Q3 25
156.2%
Q2 25
44.4%
Q1 25
177.0%
Q4 24
75.7%
Q3 24
28.0%
Q2 24
61.6%
28.8%
EPS (diluted)
CNTB
CNTB
FPH
FPH
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$0.27

Balance Sheet & Financial Strength

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

Metric
CNTB
CNTB
FPH
FPH
Cash + ST InvestmentsLiquidity on hand
$110.2M
$332.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$110.9M
$2.3B
Total Assets
$120.6M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
FPH
FPH
Q1 26
$332.6M
Q4 25
$425.5M
Q3 25
$351.1M
Q2 25
$456.6M
Q1 25
$528.3M
Q4 24
$430.9M
Q3 24
$224.5M
Q2 24
$110.2M
$217.4M
Stockholders' Equity
CNTB
CNTB
FPH
FPH
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
Q2 24
$110.9M
$2.0B
Total Assets
CNTB
CNTB
FPH
FPH
Q1 26
$3.2B
Q4 25
$3.2B
Q3 25
$3.2B
Q2 25
$3.2B
Q1 25
$3.2B
Q4 24
$3.1B
Q3 24
$2.9B
Q2 24
$120.6M
$2.9B

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
FPH
FPH
Operating Cash FlowLast quarter
$-8.0M
$-44.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
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
FPH
FPH
Q1 26
$-44.5M
Q4 25
$105.2M
Q3 25
$40.4M
Q2 25
$-71.6M
Q1 25
$56.7M
Q4 24
$116.0M
Q3 24
$-18.0M
Q2 24
$-8.0M
$-23.2M
Free Cash Flow
CNTB
CNTB
FPH
FPH
Q1 26
Q4 25
$105.0M
Q3 25
Q2 25
$-71.7M
Q1 25
$56.7M
Q4 24
$115.2M
Q3 24
$-18.2M
Q2 24
$-23.6M
FCF Margin
CNTB
CNTB
FPH
FPH
Q1 26
Q4 25
138.4%
Q3 25
Q2 25
-959.3%
Q1 25
430.9%
Q4 24
72.1%
Q3 24
-106.9%
Q2 24
-46.1%
Capex Intensity
CNTB
CNTB
FPH
FPH
Q1 26
0.0%
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.8%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
1.3%
Q2 24
0.7%
Cash Conversion
CNTB
CNTB
FPH
FPH
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
Q1 25
2.44×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-0.54×
-1.58×

Financial Flow Comparison

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

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