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Side-by-side financial comparison of California Resources Corp (CRC) and HALOZYME THERAPEUTICS, INC. (HALO). Click either name above to swap in a different company.

HALOZYME THERAPEUTICS, INC. is the larger business by last-quarter revenue ($451.8M vs $119.0M, roughly 3.8× California Resources Corp). HALOZYME THERAPEUTICS, INC. produced more free cash flow last quarter ($217.6M vs $-32.0M). Over the past eight quarters, HALOZYME THERAPEUTICS, INC.'s revenue compounded faster (51.9% CAGR vs -46.3%).

California Resources Corporation is an American energy corporation engaged in hydrocarbon exploration in California. It is organized in Delaware and headquartered in Long Beach, California. Its mineral acreage holdings in California constitute the largest privately held position in the state.

Halozyme Therapeutics, Inc. is an American biotechnology company. It develops oncology therapies designed to target the tumor microenvironment.

CRC vs HALO — Head-to-Head

Bigger by revenue
HALO
HALO
3.8× larger
HALO
$451.8M
$119.0M
CRC
More free cash flow
HALO
HALO
$249.6M more FCF
HALO
$217.6M
$-32.0M
CRC
Faster 2-yr revenue CAGR
HALO
HALO
Annualised
HALO
51.9%
-46.3%
CRC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CRC
CRC
HALO
HALO
Revenue
$119.0M
$451.8M
Net Profit
$-141.6M
Gross Margin
82.6%
Operating Margin
-597.5%
-20.6%
Net Margin
-31.3%
Revenue YoY
51.6%
Net Profit YoY
-203.3%
EPS (diluted)
$-8.02
$-1.13

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
CRC
CRC
HALO
HALO
Q1 26
$119.0M
Q4 25
$679.0M
$451.8M
Q3 25
$715.0M
$354.3M
Q2 25
$702.0M
$325.7M
Q1 25
$814.0M
$264.9M
Q4 24
$826.0M
$298.0M
Q3 24
$870.0M
$290.1M
Q2 24
$412.0M
$231.4M
Net Profit
CRC
CRC
HALO
HALO
Q1 26
Q4 25
$12.0M
$-141.6M
Q3 25
$64.0M
$175.2M
Q2 25
$172.0M
$165.2M
Q1 25
$115.0M
$118.1M
Q4 24
$33.0M
$137.0M
Q3 24
$345.0M
$137.0M
Q2 24
$8.0M
$93.2M
Gross Margin
CRC
CRC
HALO
HALO
Q1 26
Q4 25
82.6%
Q3 25
84.4%
Q2 25
85.8%
Q1 25
81.7%
Q4 24
85.9%
Q3 24
83.0%
Q2 24
82.9%
Operating Margin
CRC
CRC
HALO
HALO
Q1 26
-597.5%
Q4 25
6.9%
-20.6%
Q3 25
13.7%
61.5%
Q2 25
38.0%
62.2%
Q1 25
22.9%
53.4%
Q4 24
8.2%
58.9%
Q3 24
59.5%
56.3%
Q2 24
9.2%
50.7%
Net Margin
CRC
CRC
HALO
HALO
Q1 26
Q4 25
1.8%
-31.3%
Q3 25
9.0%
49.5%
Q2 25
24.5%
50.7%
Q1 25
14.1%
44.6%
Q4 24
4.0%
46.0%
Q3 24
39.7%
47.2%
Q2 24
1.9%
40.3%
EPS (diluted)
CRC
CRC
HALO
HALO
Q1 26
$-8.02
Q4 25
$0.21
$-1.13
Q3 25
$0.76
$1.43
Q2 25
$1.92
$1.33
Q1 25
$1.26
$0.93
Q4 24
$0.87
$1.06
Q3 24
$3.78
$1.05
Q2 24
$0.11
$0.72

Balance Sheet & Financial Strength

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

Metric
CRC
CRC
HALO
HALO
Cash + ST InvestmentsLiquidity on hand
$133.8M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$2.9B
$48.8M
Total Assets
$2.5B
Debt / EquityLower = less leverage
43.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CRC
CRC
HALO
HALO
Q1 26
Q4 25
$132.0M
$133.8M
Q3 25
$196.0M
$419.7M
Q2 25
$72.0M
$61.9M
Q1 25
$214.0M
$176.3M
Q4 24
$372.0M
$115.8M
Q3 24
$241.0M
$154.3M
Q2 24
$1.0B
$187.9M
Total Debt
CRC
CRC
HALO
HALO
Q1 26
Q4 25
$2.1B
Q3 25
$1.0B
$1.5B
Q2 25
$1.0B
$1.5B
Q1 25
$1.0B
$1.5B
Q4 24
$1.1B
$1.5B
Q3 24
$1.1B
$1.5B
Q2 24
$1.2B
$1.5B
Stockholders' Equity
CRC
CRC
HALO
HALO
Q1 26
$2.9B
Q4 25
$3.7B
$48.8M
Q3 25
$3.4B
$503.9M
Q2 25
$3.4B
$332.7M
Q1 25
$3.5B
$482.3M
Q4 24
$3.5B
$363.8M
Q3 24
$3.5B
$452.7M
Q2 24
$2.1B
$289.4M
Total Assets
CRC
CRC
HALO
HALO
Q1 26
Q4 25
$7.4B
$2.5B
Q3 25
$6.8B
$2.2B
Q2 25
$6.7B
$2.1B
Q1 25
$6.8B
$2.2B
Q4 24
$7.1B
$2.1B
Q3 24
$7.1B
$2.1B
Q2 24
$4.5B
$2.0B
Debt / Equity
CRC
CRC
HALO
HALO
Q1 26
Q4 25
43.89×
Q3 25
0.29×
3.00×
Q2 25
0.30×
4.54×
Q1 25
0.29×
3.13×
Q4 24
0.32×
4.14×
Q3 24
0.32×
3.32×
Q2 24
0.57×
5.19×

Cash Flow & Capital Efficiency

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

Metric
CRC
CRC
HALO
HALO
Operating Cash FlowLast quarter
$99.0M
$219.0M
Free Cash FlowOCF − Capex
$-32.0M
$217.6M
FCF MarginFCF / Revenue
-26.9%
48.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$380.0M
$644.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CRC
CRC
HALO
HALO
Q1 26
$99.0M
Q4 25
$235.0M
$219.0M
Q3 25
$279.0M
$178.6M
Q2 25
$165.0M
$99.7M
Q1 25
$186.0M
$154.2M
Q4 24
$206.0M
$178.5M
Q3 24
$220.0M
$115.4M
Q2 24
$97.0M
$55.8M
Free Cash Flow
CRC
CRC
HALO
HALO
Q1 26
$-32.0M
Q4 25
$115.0M
$217.6M
Q3 25
$188.0M
$175.6M
Q2 25
$109.0M
$98.1M
Q1 25
$131.0M
$153.3M
Q4 24
$118.0M
$175.4M
Q3 24
$141.0M
$113.9M
Q2 24
$63.0M
$53.2M
FCF Margin
CRC
CRC
HALO
HALO
Q1 26
-26.9%
Q4 25
16.9%
48.2%
Q3 25
26.3%
49.6%
Q2 25
15.5%
30.1%
Q1 25
16.1%
57.9%
Q4 24
14.3%
58.9%
Q3 24
16.2%
39.3%
Q2 24
15.3%
23.0%
Capex Intensity
CRC
CRC
HALO
HALO
Q1 26
Q4 25
17.7%
0.3%
Q3 25
12.7%
0.9%
Q2 25
8.0%
0.5%
Q1 25
6.8%
0.4%
Q4 24
10.7%
1.0%
Q3 24
9.1%
0.5%
Q2 24
8.3%
1.1%
Cash Conversion
CRC
CRC
HALO
HALO
Q1 26
Q4 25
19.58×
Q3 25
4.36×
1.02×
Q2 25
0.96×
0.60×
Q1 25
1.62×
1.31×
Q4 24
6.24×
1.30×
Q3 24
0.64×
0.84×
Q2 24
12.13×
0.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CRC
CRC

Segment breakdown not available.

HALO
HALO

Royalty$258.0M57%
Products$122.7M27%
Proprietary Products Sales$59.6M13%
Device Partnered Products$12.9M3%

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