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

Orion Properties Inc. is the larger business by last-quarter revenue ($35.2M vs $18.7M, roughly 1.9× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -101.7%, a 100.9% gap on every dollar of revenue. On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-8.2% vs -25.7%). Over the past eight quarters, Orion Properties Inc.'s revenue compounded faster (-13.6% 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.

CTMX vs ONL — Head-to-Head

Bigger by revenue
ONL
ONL
1.9× larger
ONL
$35.2M
$18.7M
CTMX
Growing faster (revenue YoY)
ONL
ONL
+17.5% gap
ONL
-8.2%
-25.7%
CTMX
Higher net margin
CTMX
CTMX
100.9% more per $
CTMX
-0.8%
-101.7%
ONL
Faster 2-yr revenue CAGR
ONL
ONL
Annualised
ONL
-13.6%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
ONL
ONL
Revenue
$18.7M
$35.2M
Net Profit
$-154.0K
$-35.8M
Gross Margin
Operating Margin
-6.9%
-101.5%
Net Margin
-0.8%
-101.7%
Revenue YoY
-25.7%
-8.2%
Net Profit YoY
97.6%
-9.3%
EPS (diluted)
$-0.63

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
ONL
ONL
Q4 25
$35.2M
Q3 25
$37.1M
Q2 25
$18.7M
$37.3M
Q1 25
$50.9M
$38.0M
Q4 24
$38.1M
$38.4M
Q3 24
$33.4M
$39.2M
Q2 24
$25.1M
$40.1M
Q1 24
$41.5M
$47.2M
Net Profit
CTMX
CTMX
ONL
ONL
Q4 25
$-35.8M
Q3 25
$-69.0M
Q2 25
$-154.0K
$-25.1M
Q1 25
$23.5M
$-9.4M
Q4 24
$18.9M
$-32.8M
Q3 24
$5.7M
$-10.2M
Q2 24
$-6.5M
$-33.8M
Q1 24
$13.8M
$-26.2M
Operating Margin
CTMX
CTMX
ONL
ONL
Q4 25
-101.5%
Q3 25
-185.8%
Q2 25
-6.9%
-67.1%
Q1 25
44.4%
-24.4%
Q4 24
46.4%
-85.4%
Q3 24
12.3%
-25.9%
Q2 24
-33.7%
-84.1%
Q1 24
28.1%
-55.4%
Net Margin
CTMX
CTMX
ONL
ONL
Q4 25
-101.7%
Q3 25
-186.0%
Q2 25
-0.8%
-67.3%
Q1 25
46.2%
-24.6%
Q4 24
49.6%
-85.4%
Q3 24
17.2%
-26.1%
Q2 24
-26.0%
-84.2%
Q1 24
33.3%
-55.6%
EPS (diluted)
CTMX
CTMX
ONL
ONL
Q4 25
$-0.63
Q3 25
$-1.23
Q2 25
$-0.45
Q1 25
$-0.17
Q4 24
$-0.59
Q3 24
$-0.18
Q2 24
$-0.60
Q1 24
$-0.47

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
ONL
ONL
Cash + ST InvestmentsLiquidity on hand
$49.0M
$22.4M
Total DebtLower is stronger
$465.0M
Stockholders' EquityBook value
$119.9M
$623.2M
Total Assets
$175.1M
$1.2B
Debt / EquityLower = less leverage
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
ONL
ONL
Q4 25
$22.4M
Q3 25
$32.6M
Q2 25
$49.0M
$17.4M
Q1 25
$47.6M
$9.4M
Q4 24
$38.1M
$15.6M
Q3 24
$40.6M
$16.6M
Q2 24
$43.2M
$24.2M
Q1 24
$36.2M
$23.6M
Total Debt
CTMX
CTMX
ONL
ONL
Q4 25
$465.0M
Q3 25
$483.0M
Q2 25
$483.0M
Q1 25
$505.0M
Q4 24
$492.0M
Q3 24
$485.0M
Q2 24
$462.0M
Q1 24
$471.0M
Stockholders' Equity
CTMX
CTMX
ONL
ONL
Q4 25
$623.2M
Q3 25
$658.8M
Q2 25
$119.9M
$728.0M
Q1 25
$25.0M
$753.5M
Q4 24
$-456.0K
$763.9M
Q3 24
$-23.5M
$800.9M
Q2 24
$-31.2M
$816.1M
Q1 24
$-31.7M
$854.6M
Total Assets
CTMX
CTMX
ONL
ONL
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$175.1M
$1.3B
Q1 25
$98.5M
$1.3B
Q4 24
$120.5M
$1.3B
Q3 24
$139.0M
$1.4B
Q2 24
$159.2M
$1.3B
Q1 24
$184.7M
$1.4B
Debt / Equity
CTMX
CTMX
ONL
ONL
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.66×
Q1 25
0.67×
Q4 24
0.64×
Q3 24
0.61×
Q2 24
0.57×
Q1 24
0.55×

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
ONL
ONL
Operating Cash FlowLast quarter
$-15.8M
$23.6M
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
ONL
ONL
Q4 25
$23.6M
Q3 25
$5.7M
Q2 25
$-15.8M
$11.6M
Q1 25
$-21.0M
$-2.2M
Q4 24
$-19.9M
$54.3M
Q3 24
$-20.7M
$13.8M
Q2 24
$-19.5M
$17.0M
Q1 24
$-26.0M
$11.0M
Free Cash Flow
CTMX
CTMX
ONL
ONL
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
ONL
ONL
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
ONL
ONL
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
ONL
ONL
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%

ONL
ONL

Segment breakdown not available.

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