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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) and Hanover Bancorp, Inc. (HNVR). Click either name above to swap in a different company.

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $18.6M, roughly 1.0× Hanover Bancorp, Inc.). Hanover Bancorp, Inc. runs the higher net margin — 0.2% vs -0.8%, a 1.0% gap on every dollar of revenue. On growth, Hanover Bancorp, Inc. posted the faster year-over-year revenue change (3.3% vs -25.7%). Hanover Bancorp, Inc. produced more free cash flow last quarter ($12.2M vs $-15.8M). Over the past eight quarters, Hanover Bancorp, Inc.'s revenue compounded faster (6.1% 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.

Hanover Bancorp, Inc. is a U.S. regional bank holding company based in Maryland. It offers retail and commercial banking services including deposits, business loans, mortgages, personal lending and wealth management, serving consumers, SMEs and local groups across Maryland and adjacent mid-Atlantic markets.

CTMX vs HNVR — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.0× larger
CTMX
$18.7M
$18.6M
HNVR
Growing faster (revenue YoY)
HNVR
HNVR
+29.0% gap
HNVR
3.3%
-25.7%
CTMX
Higher net margin
HNVR
HNVR
1.0% more per $
HNVR
0.2%
-0.8%
CTMX
More free cash flow
HNVR
HNVR
$28.0M more FCF
HNVR
$12.2M
$-15.8M
CTMX
Faster 2-yr revenue CAGR
HNVR
HNVR
Annualised
HNVR
6.1%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
HNVR
HNVR
Revenue
$18.7M
$18.6M
Net Profit
$-154.0K
$33.0K
Gross Margin
Operating Margin
-6.9%
0.7%
Net Margin
-0.8%
0.2%
Revenue YoY
-25.7%
3.3%
Net Profit YoY
97.6%
-99.2%
EPS (diluted)
$0.00

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
HNVR
HNVR
Q4 25
$18.6M
Q3 25
$18.0M
Q2 25
$18.7M
$18.4M
Q1 25
$50.9M
$18.4M
Q4 24
$38.1M
$18.0M
Q3 24
$33.4M
$17.1M
Q2 24
$25.1M
$16.9M
Q1 24
$41.5M
$16.5M
Net Profit
CTMX
CTMX
HNVR
HNVR
Q4 25
$33.0K
Q3 25
$3.5M
Q2 25
$-154.0K
$2.4M
Q1 25
$23.5M
$1.5M
Q4 24
$18.9M
$3.9M
Q3 24
$5.7M
$3.5M
Q2 24
$-6.5M
$844.0K
Q1 24
$13.8M
$4.1M
Operating Margin
CTMX
CTMX
HNVR
HNVR
Q4 25
0.7%
Q3 25
25.9%
Q2 25
-6.9%
18.4%
Q1 25
44.4%
9.6%
Q4 24
46.4%
28.9%
Q3 24
12.3%
27.1%
Q2 24
-33.7%
6.9%
Q1 24
28.1%
32.7%
Net Margin
CTMX
CTMX
HNVR
HNVR
Q4 25
0.2%
Q3 25
19.4%
Q2 25
-0.8%
13.3%
Q1 25
46.2%
8.3%
Q4 24
49.6%
21.7%
Q3 24
17.2%
20.7%
Q2 24
-26.0%
5.0%
Q1 24
33.3%
24.6%
EPS (diluted)
CTMX
CTMX
HNVR
HNVR
Q4 25
$0.00
Q3 25
$0.47
Q2 25
$0.33
Q1 25
$0.20
Q4 24
$0.52
Q3 24
$0.48
Q2 24
$0.11
Q1 24
$0.55

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
HNVR
HNVR
Cash + ST InvestmentsLiquidity on hand
$49.0M
$208.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$200.3M
Total Assets
$175.1M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
HNVR
HNVR
Q4 25
$208.9M
Q3 25
$167.6M
Q2 25
$49.0M
$164.5M
Q1 25
$47.6M
$160.2M
Q4 24
$38.1M
$162.9M
Q3 24
$40.6M
$141.2M
Q2 24
$43.2M
$141.1M
Q1 24
$36.2M
$136.5M
Stockholders' Equity
CTMX
CTMX
HNVR
HNVR
Q4 25
$200.3M
Q3 25
$201.8M
Q2 25
$119.9M
$198.9M
Q1 25
$25.0M
$196.6M
Q4 24
$-456.0K
$196.6M
Q3 24
$-23.5M
$192.3M
Q2 24
$-31.2M
$190.1M
Q1 24
$-31.7M
$189.5M
Total Assets
CTMX
CTMX
HNVR
HNVR
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$175.1M
$2.3B
Q1 25
$98.5M
$2.3B
Q4 24
$120.5M
$2.3B
Q3 24
$139.0M
$2.3B
Q2 24
$159.2M
$2.3B
Q1 24
$184.7M
$2.3B

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
HNVR
HNVR
Operating Cash FlowLast quarter
$-15.8M
$13.1M
Free Cash FlowOCF − Capex
$-15.8M
$12.2M
FCF MarginFCF / Revenue
-84.6%
65.5%
Capex IntensityCapex / Revenue
0.1%
4.7%
Cash ConversionOCF / Net Profit
395.48×
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
HNVR
HNVR
Q4 25
$13.1M
Q3 25
$2.7M
Q2 25
$-15.8M
$-2.1M
Q1 25
$-21.0M
$4.1M
Q4 24
$-19.9M
$5.4M
Q3 24
$-20.7M
$-547.0K
Q2 24
$-19.5M
$-3.1M
Q1 24
$-26.0M
$3.6M
Free Cash Flow
CTMX
CTMX
HNVR
HNVR
Q4 25
$12.2M
Q3 25
$2.4M
Q2 25
$-15.8M
$-2.2M
Q1 25
$-21.2M
$3.9M
Q4 24
$-20.0M
$4.1M
Q3 24
$-20.7M
$-876.0K
Q2 24
$-19.6M
$-4.5M
Q1 24
$-26.2M
$3.3M
FCF Margin
CTMX
CTMX
HNVR
HNVR
Q4 25
65.5%
Q3 25
13.5%
Q2 25
-84.6%
-11.7%
Q1 25
-41.6%
21.2%
Q4 24
-52.5%
23.1%
Q3 24
-62.1%
-5.1%
Q2 24
-78.2%
-26.9%
Q1 24
-63.1%
19.9%
Capex Intensity
CTMX
CTMX
HNVR
HNVR
Q4 25
4.7%
Q3 25
1.8%
Q2 25
0.1%
0.5%
Q1 25
0.2%
1.2%
Q4 24
0.2%
7.2%
Q3 24
0.1%
1.9%
Q2 24
0.4%
8.6%
Q1 24
0.3%
1.9%
Cash Conversion
CTMX
CTMX
HNVR
HNVR
Q4 25
395.48×
Q3 25
0.79×
Q2 25
-0.84×
Q1 25
-0.89×
2.70×
Q4 24
-1.05×
1.39×
Q3 24
-3.61×
-0.15×
Q2 24
-3.68×
Q1 24
-1.89×
0.89×

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%

HNVR
HNVR

Segment breakdown not available.

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