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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) and Invesco Mortgage Capital Inc. (IVR). Click either name above to swap in a different company.

Invesco Mortgage Capital Inc. is the larger business by last-quarter revenue ($21.3M vs $18.7M, roughly 1.1× CytomX Therapeutics, Inc.). Invesco Mortgage Capital Inc. runs the higher net margin — 242.2% vs -0.8%, a 243.1% gap on every dollar of revenue. On growth, Invesco Mortgage Capital Inc. posted the faster year-over-year revenue change (55.4% vs -25.7%). Over the past eight quarters, Invesco Mortgage Capital Inc.'s revenue compounded faster (74.2% 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.

Invesco Ltd. is an American independent investment management company headquartered in Atlanta, Georgia, with branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York Stock Exchange. Invesco operates under the Invesco, Invesco Perpetual, and Powershares brand names.

CTMX vs IVR — Head-to-Head

Bigger by revenue
IVR
IVR
1.1× larger
IVR
$21.3M
$18.7M
CTMX
Growing faster (revenue YoY)
IVR
IVR
+81.1% gap
IVR
55.4%
-25.7%
CTMX
Higher net margin
IVR
IVR
243.1% more per $
IVR
242.2%
-0.8%
CTMX
Faster 2-yr revenue CAGR
IVR
IVR
Annualised
IVR
74.2%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
IVR
IVR
Revenue
$18.7M
$21.3M
Net Profit
$-154.0K
$51.5M
Gross Margin
Operating Margin
-6.9%
Net Margin
-0.8%
242.2%
Revenue YoY
-25.7%
55.4%
Net Profit YoY
97.6%
1368.7%
EPS (diluted)
$0.72

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
IVR
IVR
Q4 25
$21.3M
Q3 25
$17.6M
Q2 25
$18.7M
$17.7M
Q1 25
$50.9M
$18.8M
Q4 24
$38.1M
$13.7M
Q3 24
$33.4M
$7.5M
Q2 24
$25.1M
$8.6M
Q1 24
$41.5M
$7.0M
Net Profit
CTMX
CTMX
IVR
IVR
Q4 25
$51.5M
Q3 25
$53.5M
Q2 25
$-154.0K
$-23.3M
Q1 25
$23.5M
$19.6M
Q4 24
$18.9M
$3.5M
Q3 24
$5.7M
$40.7M
Q2 24
$-6.5M
$-13.5M
Q1 24
$13.8M
$29.1M
Operating Margin
CTMX
CTMX
IVR
IVR
Q4 25
Q3 25
Q2 25
-6.9%
Q1 25
44.4%
Q4 24
46.4%
Q3 24
12.3%
Q2 24
-33.7%
Q1 24
28.1%
Net Margin
CTMX
CTMX
IVR
IVR
Q4 25
242.2%
Q3 25
303.6%
Q2 25
-0.8%
-131.6%
Q1 25
46.2%
104.4%
Q4 24
49.6%
25.6%
Q3 24
17.2%
542.2%
Q2 24
-26.0%
-155.9%
Q1 24
33.3%
415.9%
EPS (diluted)
CTMX
CTMX
IVR
IVR
Q4 25
$0.72
Q3 25
$0.74
Q2 25
$-0.40
Q1 25
$0.26
Q4 24
$-0.09
Q3 24
$0.63
Q2 24
$-0.38
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
IVR
IVR
Cash + ST InvestmentsLiquidity on hand
$49.0M
$56.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$797.5M
Total Assets
$175.1M
$6.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
IVR
IVR
Q4 25
$56.0M
Q3 25
$58.5M
Q2 25
$49.0M
$59.4M
Q1 25
$47.6M
$42.9M
Q4 24
$38.1M
$73.4M
Q3 24
$40.6M
$48.3M
Q2 24
$43.2M
$58.8M
Q1 24
$36.2M
$59.9M
Stockholders' Equity
CTMX
CTMX
IVR
IVR
Q4 25
$797.5M
Q3 25
$769.6M
Q2 25
$119.9M
$709.4M
Q1 25
$25.0M
$759.2M
Q4 24
$-456.0K
$730.7M
Q3 24
$-23.5M
$857.0M
Q2 24
$-31.2M
$759.2M
Q1 24
$-31.7M
$785.6M
Total Assets
CTMX
CTMX
IVR
IVR
Q4 25
$6.5B
Q3 25
$6.0B
Q2 25
$175.1M
$5.4B
Q1 25
$98.5M
$6.2B
Q4 24
$120.5M
$5.7B
Q3 24
$139.0M
$6.1B
Q2 24
$159.2M
$5.1B
Q1 24
$184.7M
$5.2B

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
IVR
IVR
Operating Cash FlowLast quarter
$-15.8M
$157.1M
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
3.05×
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
IVR
IVR
Q4 25
$157.1M
Q3 25
$37.3M
Q2 25
$-15.8M
$40.6M
Q1 25
$-21.0M
$19.3M
Q4 24
$-19.9M
$183.2M
Q3 24
$-20.7M
$30.8M
Q2 24
$-19.5M
$33.0M
Q1 24
$-26.0M
$57.5M
Free Cash Flow
CTMX
CTMX
IVR
IVR
Q4 25
Q3 25
Q2 25
$-15.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
Q3 24
$-20.7M
Q2 24
$-19.6M
Q1 24
$-26.2M
FCF Margin
CTMX
CTMX
IVR
IVR
Q4 25
Q3 25
Q2 25
-84.6%
Q1 25
-41.6%
Q4 24
-52.5%
Q3 24
-62.1%
Q2 24
-78.2%
Q1 24
-63.1%
Capex Intensity
CTMX
CTMX
IVR
IVR
Q4 25
Q3 25
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
Q2 24
0.4%
Q1 24
0.3%
Cash Conversion
CTMX
CTMX
IVR
IVR
Q4 25
3.05×
Q3 25
0.70×
Q2 25
Q1 25
-0.89×
0.98×
Q4 24
-1.05×
52.24×
Q3 24
-3.61×
0.76×
Q2 24
Q1 24
-1.89×
1.97×

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%

IVR
IVR

Segment breakdown not available.

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