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

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $12.2M, roughly 1.5× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs -0.8%, a 20.7% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs -25.7%).

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.

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

CTMX vs VFF — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.5× larger
CTMX
$18.7M
$12.2M
VFF
Growing faster (revenue YoY)
VFF
VFF
+57.2% gap
VFF
31.5%
-25.7%
CTMX
Higher net margin
VFF
VFF
20.7% more per $
VFF
19.9%
-0.8%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
VFF
VFF
Revenue
$18.7M
$12.2M
Net Profit
$-154.0K
$2.4M
Gross Margin
Operating Margin
-6.9%
Net Margin
-0.8%
19.9%
Revenue YoY
-25.7%
31.5%
Net Profit YoY
97.6%
128.2%
EPS (diluted)
$0.01

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
VFF
VFF
Q4 25
$12.2M
Q3 25
$66.7M
Q2 25
$18.7M
$59.9M
Q1 25
$50.9M
$77.1M
Q4 24
$38.1M
Q3 24
$33.4M
$54.9M
Q2 24
$25.1M
$53.6M
Q1 24
$41.5M
$78.1M
Net Profit
CTMX
CTMX
VFF
VFF
Q4 25
$2.4M
Q3 25
$10.2M
Q2 25
$-154.0K
$26.5M
Q1 25
$23.5M
$-6.7M
Q4 24
$18.9M
Q3 24
$5.7M
$-820.0K
Q2 24
$-6.5M
$-23.5M
Q1 24
$13.8M
$-2.9M
Gross Margin
CTMX
CTMX
VFF
VFF
Q4 25
Q3 25
47.9%
Q2 25
37.3%
Q1 25
14.7%
Q4 24
Q3 24
24.8%
Q2 24
25.4%
Q1 24
19.9%
Operating Margin
CTMX
CTMX
VFF
VFF
Q4 25
Q3 25
23.3%
Q2 25
-6.9%
20.8%
Q1 25
44.4%
-8.0%
Q4 24
46.4%
Q3 24
12.3%
3.8%
Q2 24
-33.7%
-43.5%
Q1 24
28.1%
-3.0%
Net Margin
CTMX
CTMX
VFF
VFF
Q4 25
19.9%
Q3 25
15.3%
Q2 25
-0.8%
44.2%
Q1 25
46.2%
-8.7%
Q4 24
49.6%
Q3 24
17.2%
-1.5%
Q2 24
-26.0%
-43.9%
Q1 24
33.3%
-3.7%
EPS (diluted)
CTMX
CTMX
VFF
VFF
Q4 25
$0.01
Q3 25
$0.08
Q2 25
$0.24
Q1 25
$-0.06
Q4 24
Q3 24
$-0.01
Q2 24
$-0.21
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
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$49.0M
$81.2M
Total DebtLower is stronger
$33.7M
Stockholders' EquityBook value
$119.9M
$299.9M
Total Assets
$175.1M
$423.1M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
VFF
VFF
Q4 25
$81.2M
Q3 25
$82.6M
Q2 25
$49.0M
$60.0M
Q1 25
$47.6M
$15.1M
Q4 24
$38.1M
Q3 24
$40.6M
$28.7M
Q2 24
$43.2M
$29.7M
Q1 24
$36.2M
$26.7M
Total Debt
CTMX
CTMX
VFF
VFF
Q4 25
$33.7M
Q3 25
$34.6M
Q2 25
$39.1M
Q1 25
$39.2M
Q4 24
Q3 24
$43.3M
Q2 24
$44.4M
Q1 24
$46.1M
Stockholders' Equity
CTMX
CTMX
VFF
VFF
Q4 25
$299.9M
Q3 25
$295.4M
Q2 25
$119.9M
$284.3M
Q1 25
$25.0M
$248.3M
Q4 24
$-456.0K
Q3 24
$-23.5M
$274.4M
Q2 24
$-31.2M
$275.2M
Q1 24
$-31.7M
$296.2M
Total Assets
CTMX
CTMX
VFF
VFF
Q4 25
$423.1M
Q3 25
$418.4M
Q2 25
$175.1M
$403.7M
Q1 25
$98.5M
$377.1M
Q4 24
$120.5M
Q3 24
$139.0M
$417.8M
Q2 24
$159.2M
$425.4M
Q1 24
$184.7M
$458.4M
Debt / Equity
CTMX
CTMX
VFF
VFF
Q4 25
0.11×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.16×
Q4 24
Q3 24
0.16×
Q2 24
0.16×
Q1 24
0.16×

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
VFF
VFF
Operating Cash FlowLast quarter
$-15.8M
Free Cash FlowOCF − Capex
$-15.8M
FCF MarginFCF / Revenue
-84.6%
Capex IntensityCapex / Revenue
0.1%
90.8%
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
VFF
VFF
Q4 25
Q3 25
$24.4M
Q2 25
$-15.8M
Q1 25
$-21.0M
$-6.4M
Q4 24
$-19.9M
Q3 24
$-20.7M
$4.3M
Q2 24
$-19.5M
$5.7M
Q1 24
$-26.0M
$-50.0K
Free Cash Flow
CTMX
CTMX
VFF
VFF
Q4 25
Q3 25
$22.6M
Q2 25
$-15.8M
Q1 25
$-21.2M
$-8.9M
Q4 24
$-20.0M
Q3 24
$-20.7M
$1.5M
Q2 24
$-19.6M
$4.8M
Q1 24
$-26.2M
$-1.9M
FCF Margin
CTMX
CTMX
VFF
VFF
Q4 25
Q3 25
33.9%
Q2 25
-84.6%
Q1 25
-41.6%
-11.6%
Q4 24
-52.5%
Q3 24
-62.1%
2.7%
Q2 24
-78.2%
9.0%
Q1 24
-63.1%
-2.5%
Capex Intensity
CTMX
CTMX
VFF
VFF
Q4 25
90.8%
Q3 25
2.7%
Q2 25
0.1%
4.6%
Q1 25
0.2%
3.3%
Q4 24
0.2%
Q3 24
0.1%
5.1%
Q2 24
0.4%
1.6%
Q1 24
0.3%
2.4%
Cash Conversion
CTMX
CTMX
VFF
VFF
Q4 25
Q3 25
2.39×
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%

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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