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

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $24.1M, roughly 1.7× Connect Biopharma Holdings Ltd). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs 5.0%, a 56.5% 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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

CNTB vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.7× larger
STRW
$40.1M
$24.1M
CNTB
Higher net margin
CNTB
CNTB
56.5% more per $
CNTB
61.6%
5.0%
STRW

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
CNTB
CNTB
STRW
STRW
Revenue
$24.1M
$40.1M
Net Profit
$14.8M
$2.0M
Gross Margin
Operating Margin
56.6%
52.4%
Net Margin
61.6%
5.0%
Revenue YoY
31.5%
Net Profit YoY
148.7%
37.6%
EPS (diluted)
$0.27
$0.15

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
STRW
STRW
Q4 25
$40.1M
Q3 25
$39.7M
Q2 25
$37.9M
Q1 25
$37.3M
Q4 24
$30.5M
Q3 24
$29.5M
Q2 24
$24.1M
$29.3M
Q1 24
$27.8M
Net Profit
CNTB
CNTB
STRW
STRW
Q4 25
$2.0M
Q3 25
$2.0M
Q2 25
$2.0M
Q1 25
$1.6M
Q4 24
$1.5M
Q3 24
$944.0K
Q2 24
$14.8M
$938.0K
Q1 24
$746.0K
Operating Margin
CNTB
CNTB
STRW
STRW
Q4 25
52.4%
Q3 25
56.6%
Q2 25
54.5%
Q1 25
54.1%
Q4 24
51.5%
Q3 24
54.4%
Q2 24
56.6%
52.3%
Q1 24
51.3%
Net Margin
CNTB
CNTB
STRW
STRW
Q4 25
5.0%
Q3 25
5.1%
Q2 25
5.2%
Q1 25
4.2%
Q4 24
4.8%
Q3 24
3.2%
Q2 24
61.6%
3.2%
Q1 24
2.7%
EPS (diluted)
CNTB
CNTB
STRW
STRW
Q4 25
$0.15
Q3 25
$0.16
Q2 25
$0.16
Q1 25
$0.13
Q4 24
$0.17
Q3 24
$0.14
Q2 24
$0.27
$0.14
Q1 24
$0.12

Balance Sheet & Financial Strength

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

Metric
CNTB
CNTB
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$110.2M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$110.9M
$12.1M
Total Assets
$120.6M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
STRW
STRW
Q4 25
$31.8M
Q3 25
$19.8M
Q2 25
$96.3M
Q1 25
$42.3M
Q4 24
$48.4M
Q3 24
$29.3M
Q2 24
$110.2M
$16.1M
Q1 24
$15.1M
Total Debt
CNTB
CNTB
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
CNTB
CNTB
STRW
STRW
Q4 25
$12.1M
Q3 25
$14.2M
Q2 25
$15.5M
Q1 25
$19.6M
Q4 24
$18.2M
Q3 24
$12.6M
Q2 24
$110.9M
$7.4M
Q1 24
$7.5M
Total Assets
CNTB
CNTB
STRW
STRW
Q4 25
$885.2M
Q3 25
$880.6M
Q2 25
$897.3M
Q1 25
$834.8M
Q4 24
$787.6M
Q3 24
$661.5M
Q2 24
$120.6M
$635.9M
Q1 24
$634.9M
Debt / Equity
CNTB
CNTB
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$-8.0M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.54×
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNTB
CNTB
STRW
STRW
Q4 25
$90.0M
Q3 25
$20.7M
Q2 25
$29.8M
Q1 25
$19.0M
Q4 24
$59.3M
Q3 24
$11.8M
Q2 24
$-8.0M
$20.6M
Q1 24
$2.1M
Cash Conversion
CNTB
CNTB
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
-0.54×
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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