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Side-by-side financial comparison of COLUMBIA BANKING SYSTEM, INC. (COLB) and UNITED THERAPEUTICS Corp (UTHR). Click either name above to swap in a different company.

UNITED THERAPEUTICS Corp is the larger business by last-quarter revenue ($790.2M vs $677.0M, roughly 1.2× COLUMBIA BANKING SYSTEM, INC.). UNITED THERAPEUTICS Corp runs the higher net margin — 46.1% vs 28.4%, a 17.7% gap on every dollar of revenue. On growth, COLUMBIA BANKING SYSTEM, INC. posted the faster year-over-year revenue change (37.9% vs 7.4%). Over the past eight quarters, COLUMBIA BANKING SYSTEM, INC.'s revenue compounded faster (19.7% CAGR vs 8.0%).

Umpqua Holdings Corporation, d.b.a. Umpqua Bank, was a financial holding company based in downtown Portland, Oregon, United States. Headquarters were in the Umpqua Bank Plaza, formerly the headquarters of Benj. Franklin Savings and Loan. The firm had two principal operating subsidiaries: Umpqua Bank and Umpqua Investments.

United Therapeutics Corporation is an American biotechnology company that develops pharmaceuticals and technologies related to organ transplantation, including xenotransplantation. Many of the company's products are focused towards lung disease and organ manufacturing. United Therapeutics is co-headquartered in Silver Spring, Maryland and Research Triangle Park, North Carolina, with additional facilities in Magog and Bromont, Quebec; Melbourne and Jacksonville, Florida; Blacksburg, Virginia; ...

COLB vs UTHR — Head-to-Head

Bigger by revenue
UTHR
UTHR
1.2× larger
UTHR
$790.2M
$677.0M
COLB
Growing faster (revenue YoY)
COLB
COLB
+30.5% gap
COLB
37.9%
7.4%
UTHR
Higher net margin
UTHR
UTHR
17.7% more per $
UTHR
46.1%
28.4%
COLB
Faster 2-yr revenue CAGR
COLB
COLB
Annualised
COLB
19.7%
8.0%
UTHR

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
COLB
COLB
UTHR
UTHR
Revenue
$677.0M
$790.2M
Net Profit
$192.0M
$364.3M
Gross Margin
86.9%
Operating Margin
45.1%
Net Margin
28.4%
46.1%
Revenue YoY
37.9%
7.4%
Net Profit YoY
120.7%
20.9%
EPS (diluted)
$0.66
$7.66

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
COLB
COLB
UTHR
UTHR
Q1 26
$677.0M
Q4 25
$716.7M
$790.2M
Q3 25
$582.0M
$799.5M
Q2 25
$510.9M
$798.6M
Q1 25
$491.4M
$794.4M
Q4 24
$487.1M
$735.9M
Q3 24
$496.0M
$748.9M
Q2 24
$472.2M
$714.9M
Net Profit
COLB
COLB
UTHR
UTHR
Q1 26
$192.0M
Q4 25
$215.0M
$364.3M
Q3 25
$96.0M
$338.7M
Q2 25
$152.0M
$309.5M
Q1 25
$87.0M
$322.2M
Q4 24
$143.0M
$301.3M
Q3 24
$146.0M
$309.1M
Q2 24
$121.0M
$278.1M
Gross Margin
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
86.9%
Q3 25
87.4%
Q2 25
89.0%
Q1 25
88.4%
Q4 24
89.7%
Q3 24
88.9%
Q2 24
89.1%
Operating Margin
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
45.1%
Q3 25
48.6%
Q2 25
45.6%
Q1 25
48.2%
Q4 24
48.6%
Q3 24
45.8%
Q2 24
44.7%
Net Margin
COLB
COLB
UTHR
UTHR
Q1 26
28.4%
Q4 25
30.0%
46.1%
Q3 25
16.5%
42.4%
Q2 25
29.8%
38.8%
Q1 25
17.7%
40.6%
Q4 24
29.4%
40.9%
Q3 24
29.4%
41.3%
Q2 24
25.6%
38.9%
EPS (diluted)
COLB
COLB
UTHR
UTHR
Q1 26
$0.66
Q4 25
$0.76
$7.66
Q3 25
$0.40
$7.16
Q2 25
$0.73
$6.41
Q1 25
$0.41
$6.63
Q4 24
$0.69
$6.23
Q3 24
$0.70
$6.39
Q2 24
$0.57
$5.85

Balance Sheet & Financial Strength

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

Metric
COLB
COLB
UTHR
UTHR
Cash + ST InvestmentsLiquidity on hand
$2.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$7.7B
$7.1B
Total Assets
$66.0B
$7.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
$2.4B
$2.9B
Q3 25
$2.3B
$2.8B
Q2 25
$1.9B
$3.0B
Q1 25
$2.1B
$3.3B
Q4 24
$1.9B
$3.3B
Q3 24
$2.1B
$3.3B
Q2 24
$2.1B
$3.0B
Stockholders' Equity
COLB
COLB
UTHR
UTHR
Q1 26
$7.7B
Q4 25
$7.8B
$7.1B
Q3 25
$7.8B
$6.6B
Q2 25
$5.3B
$7.2B
Q1 25
$5.2B
$6.8B
Q4 24
$5.1B
$6.4B
Q3 24
$5.3B
$6.1B
Q2 24
$5.0B
$5.7B
Total Assets
COLB
COLB
UTHR
UTHR
Q1 26
$66.0B
Q4 25
$66.8B
$7.9B
Q3 25
$67.5B
$7.4B
Q2 25
$51.9B
$7.9B
Q1 25
$51.5B
$7.7B
Q4 24
$51.6B
$7.4B
Q3 24
$51.9B
$7.1B
Q2 24
$52.0B
$6.7B

Cash Flow & Capital Efficiency

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

Metric
COLB
COLB
UTHR
UTHR
Operating Cash FlowLast quarter
$346.2M
Free Cash FlowOCF − Capex
$173.3M
FCF MarginFCF / Revenue
21.9%
Capex IntensityCapex / Revenue
21.9%
Cash ConversionOCF / Net Profit
0.95×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
$746.0M
$346.2M
Q3 25
$236.2M
$562.1M
Q2 25
$106.8M
$191.7M
Q1 25
$122.0M
$461.2M
Q4 24
$659.0M
$341.2M
Q3 24
$67.2M
$377.2M
Q2 24
$150.3M
$232.2M
Free Cash Flow
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
$173.3M
Q3 25
$351.6M
Q2 25
$129.5M
Q1 25
$386.3M
Q4 24
$254.5M
Q3 24
$300.7M
Q2 24
$187.1M
FCF Margin
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
21.9%
Q3 25
44.0%
Q2 25
16.2%
Q1 25
48.6%
Q4 24
34.6%
Q3 24
40.2%
Q2 24
26.2%
Capex Intensity
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
21.9%
Q3 25
26.3%
Q2 25
7.8%
Q1 25
9.4%
Q4 24
11.8%
Q3 24
10.2%
Q2 24
6.3%
Cash Conversion
COLB
COLB
UTHR
UTHR
Q1 26
Q4 25
3.47×
0.95×
Q3 25
2.46×
1.66×
Q2 25
0.70×
0.62×
Q1 25
1.40×
1.43×
Q4 24
4.61×
1.13×
Q3 24
0.46×
1.22×
Q2 24
1.24×
0.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

COLB
COLB

Segment breakdown not available.

UTHR
UTHR

Tyvaso DPI$338.6M43%
Remodulin$128.0M16%
Nebulized Tyvaso$125.7M16%
Orenitram$121.2M15%
Unituxin$62.3M8%
Adcirca$7.8M1%
Other$6.6M1%

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