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

Stran & Company, Inc. is the larger business by last-quarter revenue ($28.9M vs $18.7M, roughly 1.6× CytomX Therapeutics, Inc.). Stran & Company, Inc. runs the higher net margin — 0.8% vs -0.8%, a 1.7% gap on every dollar of revenue. On growth, Stran & Company, Inc. posted the faster year-over-year revenue change (7.2% vs -25.7%). Stran & Company, Inc. produced more free cash flow last quarter ($38.0K vs $-15.8M). Over the past eight quarters, Stran & Company, Inc.'s revenue compounded faster (24.0% 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.

Stran & Company, Inc. provides branded promotional products, custom merchandise and integrated marketing solutions for corporate clients. It serves customers across retail, healthcare, technology, education and other sectors, supporting brand campaigns, customer engagement and employee incentive programs.

CTMX vs SWAG — Head-to-Head

Bigger by revenue
SWAG
SWAG
1.6× larger
SWAG
$28.9M
$18.7M
CTMX
Growing faster (revenue YoY)
SWAG
SWAG
+32.9% gap
SWAG
7.2%
-25.7%
CTMX
Higher net margin
SWAG
SWAG
1.7% more per $
SWAG
0.8%
-0.8%
CTMX
More free cash flow
SWAG
SWAG
$15.8M more FCF
SWAG
$38.0K
$-15.8M
CTMX
Faster 2-yr revenue CAGR
SWAG
SWAG
Annualised
SWAG
24.0%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
SWAG
SWAG
Revenue
$18.7M
$28.9M
Net Profit
$-154.0K
$243.0K
Gross Margin
30.4%
Operating Margin
-6.9%
-0.1%
Net Margin
-0.8%
0.8%
Revenue YoY
-25.7%
7.2%
Net Profit YoY
97.6%
141.5%
EPS (diluted)
$0.02

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
SWAG
SWAG
Q4 25
$28.9M
Q3 25
$26.0M
Q2 25
$18.7M
$32.6M
Q1 25
$50.9M
$28.7M
Q4 24
$38.1M
$27.0M
Q3 24
$33.4M
$20.1M
Q2 24
$25.1M
$16.7M
Q1 24
$41.5M
$18.8M
Net Profit
CTMX
CTMX
SWAG
SWAG
Q4 25
$243.0K
Q3 25
$-1.2M
Q2 25
$-154.0K
$643.0K
Q1 25
$23.5M
$-393.0K
Q4 24
$18.9M
$-586.0K
Q3 24
$5.7M
$-2.0M
Q2 24
$-6.5M
$-1.0M
Q1 24
$13.8M
$-491.0K
Gross Margin
CTMX
CTMX
SWAG
SWAG
Q4 25
30.4%
Q3 25
27.2%
Q2 25
30.3%
Q1 25
29.6%
Q4 24
32.5%
Q3 24
29.5%
Q2 24
32.8%
Q1 24
29.8%
Operating Margin
CTMX
CTMX
SWAG
SWAG
Q4 25
-0.1%
Q3 25
-6.9%
Q2 25
-6.9%
1.2%
Q1 25
44.4%
-1.9%
Q4 24
46.4%
-3.5%
Q3 24
12.3%
-10.8%
Q2 24
-33.7%
-6.6%
Q1 24
28.1%
-3.5%
Net Margin
CTMX
CTMX
SWAG
SWAG
Q4 25
0.8%
Q3 25
-4.8%
Q2 25
-0.8%
2.0%
Q1 25
46.2%
-1.4%
Q4 24
49.6%
-2.2%
Q3 24
17.2%
-10.1%
Q2 24
-26.0%
-6.1%
Q1 24
33.3%
-2.6%
EPS (diluted)
CTMX
CTMX
SWAG
SWAG
Q4 25
$0.02
Q3 25
$-0.07
Q2 25
$0.03
Q1 25
$-0.02
Q4 24
$-0.02
Q3 24
$-0.11
Q2 24
$-0.06
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
SWAG
SWAG
Cash + ST InvestmentsLiquidity on hand
$49.0M
$11.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$30.5M
Total Assets
$175.1M
$49.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
SWAG
SWAG
Q4 25
$11.6M
Q3 25
$11.8M
Q2 25
$49.0M
$18.1M
Q1 25
$47.6M
$12.2M
Q4 24
$38.1M
$18.2M
Q3 24
$40.6M
$6.9M
Q2 24
$43.2M
$9.6M
Q1 24
$36.2M
$10.7M
Stockholders' Equity
CTMX
CTMX
SWAG
SWAG
Q4 25
$30.5M
Q3 25
$30.2M
Q2 25
$119.9M
$31.8M
Q1 25
$25.0M
$31.3M
Q4 24
$-456.0K
$31.6M
Q3 24
$-23.5M
$32.3M
Q2 24
$-31.2M
$34.3M
Q1 24
$-31.7M
$35.2M
Total Assets
CTMX
CTMX
SWAG
SWAG
Q4 25
$49.3M
Q3 25
$50.3M
Q2 25
$175.1M
$61.2M
Q1 25
$98.5M
$52.2M
Q4 24
$120.5M
$55.1M
Q3 24
$139.0M
$48.8M
Q2 24
$159.2M
$46.6M
Q1 24
$184.7M
$47.9M

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
SWAG
SWAG
Operating Cash FlowLast quarter
$-15.8M
$161.0K
Free Cash FlowOCF − Capex
$-15.8M
$38.0K
FCF MarginFCF / Revenue
-84.6%
0.1%
Capex IntensityCapex / Revenue
0.1%
0.4%
Cash ConversionOCF / Net Profit
0.66×
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
SWAG
SWAG
Q4 25
$161.0K
Q3 25
$-5.4M
Q2 25
$-15.8M
$6.4M
Q1 25
$-21.0M
$-5.9M
Q4 24
$-19.9M
$1.3M
Q3 24
$-20.7M
$-2.7M
Q2 24
$-19.5M
$2.1M
Q1 24
$-26.0M
$2.1M
Free Cash Flow
CTMX
CTMX
SWAG
SWAG
Q4 25
$38.0K
Q3 25
$-5.9M
Q2 25
$-15.8M
$6.3M
Q1 25
$-21.2M
$-6.0M
Q4 24
$-20.0M
$1.2M
Q3 24
$-20.7M
$-2.9M
Q2 24
$-19.6M
$1.9M
Q1 24
$-26.2M
$1.9M
FCF Margin
CTMX
CTMX
SWAG
SWAG
Q4 25
0.1%
Q3 25
-22.6%
Q2 25
-84.6%
19.5%
Q1 25
-41.6%
-21.0%
Q4 24
-52.5%
4.6%
Q3 24
-62.1%
-14.3%
Q2 24
-78.2%
11.6%
Q1 24
-63.1%
9.9%
Capex Intensity
CTMX
CTMX
SWAG
SWAG
Q4 25
0.4%
Q3 25
1.9%
Q2 25
0.1%
0.2%
Q1 25
0.2%
0.4%
Q4 24
0.2%
0.3%
Q3 24
0.1%
0.7%
Q2 24
0.4%
1.1%
Q1 24
0.3%
1.0%
Cash Conversion
CTMX
CTMX
SWAG
SWAG
Q4 25
0.66×
Q3 25
Q2 25
9.99×
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%

SWAG
SWAG

Promotional Products Dropshipping$11.2M39%
Casino Continuity Program$6.9M24%
Promotional Products Company Owned Inventory$4.6M16%
Promotional Products Bulk Dropshipping$3.8M13%
Promotional Products Thirdparty Distributor$1.8M6%
Other$610.0K2%

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