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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) and FRANKLIN STREET PROPERTIES CORP (FSP). Click either name above to swap in a different company.

FRANKLIN STREET PROPERTIES CORP is the larger business by last-quarter revenue ($26.0M vs $18.7M, roughly 1.4× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -28.1%, a 27.3% gap on every dollar of revenue. On growth, FRANKLIN STREET PROPERTIES CORP posted the faster year-over-year revenue change (-8.2% vs -25.7%). FRANKLIN STREET PROPERTIES CORP produced more free cash flow last quarter ($-12.7M vs $-15.8M). Over the past eight quarters, FRANKLIN STREET PROPERTIES CORP's revenue compounded faster (-8.7% CAGR vs -15.9%).

CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.

Franklin Street Properties Corp is a Massachusetts-based real estate investment trust (REIT) in the United States. It primarily invests in, owns, and operates high-quality office properties across major U.S. metropolitan markets, serving corporate tenants across various industry segments, and delivers stable long-term returns via rental income and strategic asset management.

CTMX vs FSP — Head-to-Head

Bigger by revenue
FSP
FSP
1.4× larger
FSP
$26.0M
$18.7M
CTMX
Growing faster (revenue YoY)
FSP
FSP
+17.5% gap
FSP
-8.2%
-25.7%
CTMX
Higher net margin
CTMX
CTMX
27.3% more per $
CTMX
-0.8%
-28.1%
FSP
More free cash flow
FSP
FSP
$3.1M more FCF
FSP
$-12.7M
$-15.8M
CTMX
Faster 2-yr revenue CAGR
FSP
FSP
Annualised
FSP
-8.7%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
FSP
FSP
Revenue
$18.7M
$26.0M
Net Profit
$-154.0K
$-7.3M
Gross Margin
59.4%
Operating Margin
-6.9%
-27.9%
Net Margin
-0.8%
-28.1%
Revenue YoY
-25.7%
-8.2%
Net Profit YoY
97.6%
14.1%
EPS (diluted)
$-0.06

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
CTMX
CTMX
FSP
FSP
Q4 25
$26.0M
Q3 25
$27.3M
Q2 25
$18.7M
$26.7M
Q1 25
$50.9M
$27.1M
Q4 24
$38.1M
$28.4M
Q3 24
$33.4M
$29.7M
Q2 24
$25.1M
$30.8M
Q1 24
$41.5M
$31.2M
Net Profit
CTMX
CTMX
FSP
FSP
Q4 25
$-7.3M
Q3 25
$-8.3M
Q2 25
$-154.0K
$-7.9M
Q1 25
$23.5M
$-21.4M
Q4 24
$18.9M
$-8.5M
Q3 24
$5.7M
$-15.6M
Q2 24
$-6.5M
$-21.0M
Q1 24
$13.8M
$-7.6M
Gross Margin
CTMX
CTMX
FSP
FSP
Q4 25
59.4%
Q3 25
60.9%
Q2 25
59.9%
Q1 25
62.8%
Q4 24
59.7%
Q3 24
61.0%
Q2 24
64.2%
Q1 24
64.7%
Operating Margin
CTMX
CTMX
FSP
FSP
Q4 25
-27.9%
Q3 25
-30.5%
Q2 25
-6.9%
-29.2%
Q1 25
44.4%
-78.9%
Q4 24
46.4%
-29.9%
Q3 24
12.3%
-52.4%
Q2 24
-33.7%
-68.0%
Q1 24
28.1%
-24.0%
Net Margin
CTMX
CTMX
FSP
FSP
Q4 25
-28.1%
Q3 25
-30.5%
Q2 25
-0.8%
-29.5%
Q1 25
46.2%
-79.1%
Q4 24
49.6%
-30.0%
Q3 24
17.2%
-52.6%
Q2 24
-26.0%
-68.2%
Q1 24
33.3%
-24.2%
EPS (diluted)
CTMX
CTMX
FSP
FSP
Q4 25
$-0.06
Q3 25
$-0.08
Q2 25
$-0.08
Q1 25
$-0.21
Q4 24
$-0.09
Q3 24
$-0.15
Q2 24
$-0.20
Q1 24
$-0.07

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
FSP
FSP
Cash + ST InvestmentsLiquidity on hand
$49.0M
$30.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$607.0M
Total Assets
$175.1M
$892.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
FSP
FSP
Q4 25
$30.6M
Q3 25
$31.4M
Q2 25
$49.0M
$29.4M
Q1 25
$47.6M
$30.2M
Q4 24
$38.1M
$41.1M
Q3 24
$40.6M
$40.9M
Q2 24
$43.2M
$30.2M
Q1 24
$36.2M
$34.2M
Stockholders' Equity
CTMX
CTMX
FSP
FSP
Q4 25
$607.0M
Q3 25
$615.3M
Q2 25
$119.9M
$624.7M
Q1 25
$25.0M
$633.4M
Q4 24
$-456.0K
$655.9M
Q3 24
$-23.5M
$665.4M
Q2 24
$-31.2M
$682.1M
Q1 24
$-31.7M
$703.9M
Total Assets
CTMX
CTMX
FSP
FSP
Q4 25
$892.9M
Q3 25
$901.0M
Q2 25
$175.1M
$903.2M
Q1 25
$98.5M
$916.4M
Q4 24
$120.5M
$946.9M
Q3 24
$139.0M
$981.5M
Q2 24
$159.2M
$1.0B
Q1 24
$184.7M
$1.0B

Cash Flow & Capital Efficiency

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

Metric
CTMX
CTMX
FSP
FSP
Operating Cash FlowLast quarter
$-15.8M
$3.8M
Free Cash FlowOCF − Capex
$-15.8M
$-12.7M
FCF MarginFCF / Revenue
-84.6%
-48.6%
Capex IntensityCapex / Revenue
0.1%
63.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$-25.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
FSP
FSP
Q4 25
$3.8M
Q3 25
$8.3M
Q2 25
$-15.8M
$-2.9M
Q1 25
$-21.0M
$-5.5M
Q4 24
$-19.9M
$9.0M
Q3 24
$-20.7M
$14.5M
Q2 24
$-19.5M
$-648.0K
Q1 24
$-26.0M
$-7.1M
Free Cash Flow
CTMX
CTMX
FSP
FSP
Q4 25
$-12.7M
Q3 25
$3.0M
Q2 25
$-15.8M
$-5.7M
Q1 25
$-21.2M
$-9.9M
Q4 24
$-20.0M
$-16.2M
Q3 24
$-20.7M
$8.6M
Q2 24
$-19.6M
$-5.1M
Q1 24
$-26.2M
$-15.8M
FCF Margin
CTMX
CTMX
FSP
FSP
Q4 25
-48.6%
Q3 25
11.0%
Q2 25
-84.6%
-21.5%
Q1 25
-41.6%
-36.7%
Q4 24
-52.5%
-57.2%
Q3 24
-62.1%
29.1%
Q2 24
-78.2%
-16.7%
Q1 24
-63.1%
-50.8%
Capex Intensity
CTMX
CTMX
FSP
FSP
Q4 25
63.0%
Q3 25
19.4%
Q2 25
0.1%
10.7%
Q1 25
0.2%
16.4%
Q4 24
0.2%
88.9%
Q3 24
0.1%
19.6%
Q2 24
0.4%
14.6%
Q1 24
0.3%
28.1%
Cash Conversion
CTMX
CTMX
FSP
FSP
Q4 25
Q3 25
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTMX
CTMX

Bristol Myers Squibb Company$11.6M62%
Astellas Pharma Inc$4.6M25%
Regeneron Pharmaceuticals Inc$2.1M11%

FSP
FSP

Segment breakdown not available.

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