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

Playboy, Inc. is the larger business by last-quarter revenue ($34.9M vs $18.7M, roughly 1.9× CytomX Therapeutics, Inc.). Playboy, Inc. runs the higher net margin — 10.3% vs -0.8%, a 11.1% gap on every dollar of revenue. On growth, Playboy, Inc. posted the faster year-over-year revenue change (4.2% vs -25.7%). Playboy, Inc. produced more free cash flow last quarter ($1.1M vs $-15.8M). Over the past eight quarters, Playboy, Inc.'s revenue compounded faster (11.0% 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.

Playboy is an American men's lifestyle and entertainment magazine, available both online and in print. It was founded in Chicago in 1953 by Hugh Hefner and his associates, funded in part by a $1,000 loan from Hefner's mother.

CTMX vs PLBY — Head-to-Head

Bigger by revenue
PLBY
PLBY
1.9× larger
PLBY
$34.9M
$18.7M
CTMX
Growing faster (revenue YoY)
PLBY
PLBY
+29.9% gap
PLBY
4.2%
-25.7%
CTMX
Higher net margin
PLBY
PLBY
11.1% more per $
PLBY
10.3%
-0.8%
CTMX
More free cash flow
PLBY
PLBY
$16.9M more FCF
PLBY
$1.1M
$-15.8M
CTMX
Faster 2-yr revenue CAGR
PLBY
PLBY
Annualised
PLBY
11.0%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
PLBY
PLBY
Revenue
$18.7M
$34.9M
Net Profit
$-154.0K
$3.6M
Gross Margin
73.3%
Operating Margin
-6.9%
7.9%
Net Margin
-0.8%
10.3%
Revenue YoY
-25.7%
4.2%
Net Profit YoY
97.6%
128.6%
EPS (diluted)
$0.05

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
PLBY
PLBY
Q4 25
$34.9M
Q3 25
$29.0M
Q2 25
$18.7M
$28.1M
Q1 25
$50.9M
$28.9M
Q4 24
$38.1M
$33.5M
Q3 24
$33.4M
$29.4M
Q2 24
$25.1M
$24.9M
Q1 24
$41.5M
$28.3M
Net Profit
CTMX
CTMX
PLBY
PLBY
Q4 25
$3.6M
Q3 25
$460.0K
Q2 25
$-154.0K
$-7.7M
Q1 25
$23.5M
$-9.0M
Q4 24
$18.9M
$-12.5M
Q3 24
$5.7M
$-33.8M
Q2 24
$-6.5M
$-16.7M
Q1 24
$13.8M
$-16.4M
Gross Margin
CTMX
CTMX
PLBY
PLBY
Q4 25
73.3%
Q3 25
76.0%
Q2 25
65.4%
Q1 25
68.6%
Q4 24
70.8%
Q3 24
61.0%
Q2 24
67.8%
Q1 24
55.8%
Operating Margin
CTMX
CTMX
PLBY
PLBY
Q4 25
7.9%
Q3 25
4.7%
Q2 25
-6.9%
-20.9%
Q1 25
44.4%
-21.7%
Q4 24
46.4%
-13.3%
Q3 24
12.3%
-96.0%
Q2 24
-33.7%
-37.0%
Q1 24
28.1%
-31.5%
Net Margin
CTMX
CTMX
PLBY
PLBY
Q4 25
10.3%
Q3 25
1.6%
Q2 25
-0.8%
-27.3%
Q1 25
46.2%
-31.3%
Q4 24
49.6%
-37.4%
Q3 24
17.2%
-114.7%
Q2 24
-26.0%
-66.9%
Q1 24
33.3%
-58.1%
EPS (diluted)
CTMX
CTMX
PLBY
PLBY
Q4 25
$0.05
Q3 25
$0.00
Q2 25
$-0.08
Q1 25
$-0.10
Q4 24
$-0.13
Q3 24
$-0.45
Q2 24
$-0.23
Q1 24
$-0.23

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
PLBY
PLBY
Cash + ST InvestmentsLiquidity on hand
$49.0M
$37.8M
Total DebtLower is stronger
$174.2M
Stockholders' EquityBook value
$119.9M
$18.4M
Total Assets
$175.1M
$292.4M
Debt / EquityLower = less leverage
9.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
PLBY
PLBY
Q4 25
$37.8M
Q3 25
$27.5M
Q2 25
$49.0M
$19.6M
Q1 25
$47.6M
$23.7M
Q4 24
$38.1M
$30.9M
Q3 24
$40.6M
$9.5M
Q2 24
$43.2M
$16.9M
Q1 24
$36.2M
$19.0M
Total Debt
CTMX
CTMX
PLBY
PLBY
Q4 25
$174.2M
Q3 25
$176.8M
Q2 25
$177.5M
Q1 25
$176.3M
Q4 24
$176.6M
Q3 24
$200.0M
Q2 24
$196.3M
Q1 24
$193.4M
Stockholders' Equity
CTMX
CTMX
PLBY
PLBY
Q4 25
$18.4M
Q3 25
$3.8M
Q2 25
$119.9M
$-17.5M
Q1 25
$25.0M
$-11.4M
Q4 24
$-456.0K
$-7.7M
Q3 24
$-23.5M
$-15.7M
Q2 24
$-31.2M
$15.7M
Q1 24
$-31.7M
$29.5M
Total Assets
CTMX
CTMX
PLBY
PLBY
Q4 25
$292.4M
Q3 25
$278.3M
Q2 25
$175.1M
$264.1M
Q1 25
$98.5M
$270.6M
Q4 24
$120.5M
$284.7M
Q3 24
$139.0M
$271.5M
Q2 24
$159.2M
$301.8M
Q1 24
$184.7M
$309.1M
Debt / Equity
CTMX
CTMX
PLBY
PLBY
Q4 25
9.48×
Q3 25
46.86×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
12.51×
Q1 24
6.54×

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
PLBY
PLBY
Operating Cash FlowLast quarter
$-15.8M
$1.4M
Free Cash FlowOCF − Capex
$-15.8M
$1.1M
FCF MarginFCF / Revenue
-84.6%
3.2%
Capex IntensityCapex / Revenue
0.1%
0.8%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$-1.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
PLBY
PLBY
Q4 25
$1.4M
Q3 25
$10.1M
Q2 25
$-15.8M
$-3.9M
Q1 25
$-21.0M
$-7.6M
Q4 24
$-19.9M
$161.0K
Q3 24
$-20.7M
$-6.5M
Q2 24
$-19.5M
$-3.0M
Q1 24
$-26.0M
$-9.8M
Free Cash Flow
CTMX
CTMX
PLBY
PLBY
Q4 25
$1.1M
Q3 25
$9.8M
Q2 25
$-15.8M
$-4.3M
Q1 25
$-21.2M
$-7.7M
Q4 24
$-20.0M
$-401.0K
Q3 24
$-20.7M
$-7.0M
Q2 24
$-19.6M
$-3.7M
Q1 24
$-26.2M
$-10.3M
FCF Margin
CTMX
CTMX
PLBY
PLBY
Q4 25
3.2%
Q3 25
33.8%
Q2 25
-84.6%
-15.2%
Q1 25
-41.6%
-26.5%
Q4 24
-52.5%
-1.2%
Q3 24
-62.1%
-23.7%
Q2 24
-78.2%
-14.8%
Q1 24
-63.1%
-36.5%
Capex Intensity
CTMX
CTMX
PLBY
PLBY
Q4 25
0.8%
Q3 25
1.1%
Q2 25
0.1%
1.4%
Q1 25
0.2%
0.1%
Q4 24
0.2%
1.7%
Q3 24
0.1%
1.5%
Q2 24
0.4%
2.6%
Q1 24
0.3%
2.1%
Cash Conversion
CTMX
CTMX
PLBY
PLBY
Q4 25
0.39×
Q3 25
22.02×
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%

PLBY
PLBY

Transferred At Point In Time$22.2M64%
Trademark Licensing$6.5M19%
Related Party$5.0M14%
Other$1.1M3%

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