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Side-by-side financial comparison of Connect Biopharma Holdings Ltd (CNTB) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $24.1M, roughly 1.3× Connect Biopharma Holdings Ltd). Connect Biopharma Holdings Ltd runs the higher net margin — 61.6% vs -12.9%, a 74.5% 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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

CNTB vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.3× larger
SYPR
$30.3M
$24.1M
CNTB
Higher net margin
CNTB
CNTB
74.5% more per $
CNTB
61.6%
-12.9%
SYPR

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
CNTB
CNTB
SYPR
SYPR
Revenue
$24.1M
$30.3M
Net Profit
$14.8M
$-3.9M
Gross Margin
4.6%
Operating Margin
56.6%
-10.9%
Net Margin
61.6%
-12.9%
Revenue YoY
-9.5%
Net Profit YoY
148.7%
-2992.6%
EPS (diluted)
$0.27
$-0.17

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
SYPR
SYPR
Q4 25
$30.3M
Q3 25
$28.7M
Q2 25
$31.4M
Q1 25
$29.5M
Q4 24
$33.4M
Q3 24
$35.7M
Q2 24
$24.1M
$35.5M
Q1 24
$35.6M
Net Profit
CNTB
CNTB
SYPR
SYPR
Q4 25
$-3.9M
Q3 25
$517.0K
Q2 25
$-2.1M
Q1 25
$-899.0K
Q4 24
$135.0K
Q3 24
$390.0K
Q2 24
$14.8M
$16.0K
Q1 24
$-2.2M
Gross Margin
CNTB
CNTB
SYPR
SYPR
Q4 25
4.6%
Q3 25
7.2%
Q2 25
8.2%
Q1 25
11.4%
Q4 24
16.1%
Q3 24
16.8%
Q2 24
15.9%
Q1 24
8.1%
Operating Margin
CNTB
CNTB
SYPR
SYPR
Q4 25
-10.9%
Q3 25
-6.1%
Q2 25
-4.6%
Q1 25
-0.4%
Q4 24
3.9%
Q3 24
4.8%
Q2 24
56.6%
3.6%
Q1 24
-3.9%
Net Margin
CNTB
CNTB
SYPR
SYPR
Q4 25
-12.9%
Q3 25
1.8%
Q2 25
-6.5%
Q1 25
-3.0%
Q4 24
0.4%
Q3 24
1.1%
Q2 24
61.6%
0.0%
Q1 24
-6.2%
EPS (diluted)
CNTB
CNTB
SYPR
SYPR
Q4 25
$-0.17
Q3 25
$0.02
Q2 25
$-0.09
Q1 25
$-0.04
Q4 24
$0.00
Q3 24
$0.02
Q2 24
$0.27
$0.00
Q1 24
$-0.10

Balance Sheet & Financial Strength

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

Metric
CNTB
CNTB
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$110.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$110.9M
$17.8M
Total Assets
$120.6M
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNTB
CNTB
SYPR
SYPR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$110.2M
Q1 24
Stockholders' Equity
CNTB
CNTB
SYPR
SYPR
Q4 25
$17.8M
Q3 25
$20.0M
Q2 25
$18.7M
Q1 25
$19.0M
Q4 24
$19.6M
Q3 24
$18.2M
Q2 24
$110.9M
$19.0M
Q1 24
$20.8M
Total Assets
CNTB
CNTB
SYPR
SYPR
Q4 25
$107.8M
Q3 25
$112.5M
Q2 25
$105.8M
Q1 25
$110.2M
Q4 24
$119.4M
Q3 24
$121.6M
Q2 24
$120.6M
$124.2M
Q1 24
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$-8.0M
$-1.1M
Free Cash FlowOCF − Capex
$-1.5M
FCF MarginFCF / Revenue
-5.0%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
-0.54×
TTM Free Cash FlowTrailing 4 quarters
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNTB
CNTB
SYPR
SYPR
Q4 25
$-1.1M
Q3 25
$-178.0K
Q2 25
$1.1M
Q1 25
$-5.5M
Q4 24
$2.3M
Q3 24
$-4.8M
Q2 24
$-8.0M
$6.2M
Q1 24
$-1.7M
Free Cash Flow
CNTB
CNTB
SYPR
SYPR
Q4 25
$-1.5M
Q3 25
$-390.0K
Q2 25
$941.0K
Q1 25
$-5.5M
Q4 24
$1.9M
Q3 24
$-4.9M
Q2 24
$6.0M
Q1 24
$-2.0M
FCF Margin
CNTB
CNTB
SYPR
SYPR
Q4 25
-5.0%
Q3 25
-1.4%
Q2 25
3.0%
Q1 25
-18.8%
Q4 24
5.7%
Q3 24
-13.8%
Q2 24
16.8%
Q1 24
-5.7%
Capex Intensity
CNTB
CNTB
SYPR
SYPR
Q4 25
1.3%
Q3 25
0.7%
Q2 25
0.5%
Q1 25
0.0%
Q4 24
1.2%
Q3 24
0.4%
Q2 24
0.5%
Q1 24
0.9%
Cash Conversion
CNTB
CNTB
SYPR
SYPR
Q4 25
Q3 25
-0.34×
Q2 25
Q1 25
Q4 24
17.13×
Q3 24
-12.21×
Q2 24
-0.54×
385.25×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNTB
CNTB

Segment breakdown not available.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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