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Side-by-side financial comparison of CytomX Therapeutics, Inc. (CTMX) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $18.7M, roughly 1.0× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -82.3%, a 81.5% gap on every dollar of revenue. On growth, CytomX Therapeutics, Inc. posted the faster year-over-year revenue change (-25.7% vs -28.0%). CytomX Therapeutics, Inc. produced more free cash flow last quarter ($-15.8M vs $-41.3M).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

CTMX vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.0× larger
USAS
$19.1M
$18.7M
CTMX
Growing faster (revenue YoY)
CTMX
CTMX
+2.3% gap
CTMX
-25.7%
-28.0%
USAS
Higher net margin
CTMX
CTMX
81.5% more per $
CTMX
-0.8%
-82.3%
USAS
More free cash flow
CTMX
CTMX
$25.5M more FCF
CTMX
$-15.8M
$-41.3M
USAS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
CTMX
CTMX
USAS
USAS
Revenue
$18.7M
$19.1M
Net Profit
$-154.0K
$-15.7M
Gross Margin
34.2%
Operating Margin
-6.9%
Net Margin
-0.8%
-82.3%
Revenue YoY
-25.7%
-28.0%
Net Profit YoY
97.6%
2.8%
EPS (diluted)

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
USAS
USAS
Q3 25
$19.1M
Q2 25
$18.7M
Q1 25
$50.9M
Q4 24
$38.1M
Q3 24
$33.4M
$26.5M
Q2 24
$25.1M
Q1 24
$41.5M
Q4 23
$26.6M
Net Profit
CTMX
CTMX
USAS
USAS
Q3 25
$-15.7M
Q2 25
$-154.0K
Q1 25
$23.5M
Q4 24
$18.9M
Q3 24
$5.7M
$-16.2M
Q2 24
$-6.5M
Q1 24
$13.8M
Q4 23
$837.0K
Gross Margin
CTMX
CTMX
USAS
USAS
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Q4 23
Operating Margin
CTMX
CTMX
USAS
USAS
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%
Q4 23
-2.3%
Net Margin
CTMX
CTMX
USAS
USAS
Q3 25
-82.3%
Q2 25
-0.8%
Q1 25
46.2%
Q4 24
49.6%
Q3 24
17.2%
-60.9%
Q2 24
-26.0%
Q1 24
33.3%
Q4 23
3.1%

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$49.0M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.9M
$50.2M
Total Assets
$175.1M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
USAS
USAS
Q3 25
$39.1M
Q2 25
$49.0M
Q1 25
$47.6M
Q4 24
$38.1M
Q3 24
$40.6M
Q2 24
$43.2M
Q1 24
$36.2M
Q4 23
$17.2M
Stockholders' Equity
CTMX
CTMX
USAS
USAS
Q3 25
$50.2M
Q2 25
$119.9M
Q1 25
$25.0M
Q4 24
$-456.0K
Q3 24
$-23.5M
$53.1M
Q2 24
$-31.2M
Q1 24
$-31.7M
Q4 23
$-47.4M
Total Assets
CTMX
CTMX
USAS
USAS
Q3 25
$234.7M
Q2 25
$175.1M
Q1 25
$98.5M
Q4 24
$120.5M
Q3 24
$139.0M
Q2 24
$159.2M
Q1 24
$184.7M
Q4 23
$201.8M

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
USAS
USAS
Operating Cash FlowLast quarter
$-15.8M
$-12.5M
Free Cash FlowOCF − Capex
$-15.8M
$-41.3M
FCF MarginFCF / Revenue
-84.6%
-216.5%
Capex IntensityCapex / Revenue
0.1%
150.8%
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
USAS
USAS
Q3 25
$-12.5M
Q2 25
$-15.8M
Q1 25
$-21.0M
Q4 24
$-19.9M
Q3 24
$-20.7M
$2.4M
Q2 24
$-19.5M
Q1 24
$-26.0M
Q4 23
$-22.0M
Free Cash Flow
CTMX
CTMX
USAS
USAS
Q3 25
$-41.3M
Q2 25
$-15.8M
Q1 25
$-21.2M
Q4 24
$-20.0M
Q3 24
$-20.7M
$-11.2M
Q2 24
$-19.6M
Q1 24
$-26.2M
Q4 23
$-22.2M
FCF Margin
CTMX
CTMX
USAS
USAS
Q3 25
-216.5%
Q2 25
-84.6%
Q1 25
-41.6%
Q4 24
-52.5%
Q3 24
-62.1%
-42.2%
Q2 24
-78.2%
Q1 24
-63.1%
Q4 23
-83.5%
Capex Intensity
CTMX
CTMX
USAS
USAS
Q3 25
150.8%
Q2 25
0.1%
Q1 25
0.2%
Q4 24
0.2%
Q3 24
0.1%
51.2%
Q2 24
0.4%
Q1 24
0.3%
Q4 23
1.0%
Cash Conversion
CTMX
CTMX
USAS
USAS
Q3 25
Q2 25
Q1 25
-0.89×
Q4 24
-1.05×
Q3 24
-3.61×
Q2 24
Q1 24
-1.89×
Q4 23
-26.24×

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%

USAS
USAS

Segment breakdown not available.

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