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

CytomX Therapeutics, Inc. is the larger business by last-quarter revenue ($18.7M vs $18.6M, roughly 1.0× Zeo Energy Corp.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -10.8%, a 10.0% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -25.7%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-15.8M). Over the past eight quarters, Zeo Energy Corp.'s revenue compounded faster (-4.0% 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.

CTMX vs ZEO — Head-to-Head

Bigger by revenue
CTMX
CTMX
1.0× larger
CTMX
$18.7M
$18.6M
ZEO
Growing faster (revenue YoY)
ZEO
ZEO
+25.3% gap
ZEO
-0.4%
-25.7%
CTMX
Higher net margin
CTMX
CTMX
10.0% more per $
CTMX
-0.8%
-10.8%
ZEO
More free cash flow
ZEO
ZEO
$18.0M more FCF
ZEO
$2.3M
$-15.8M
CTMX
Faster 2-yr revenue CAGR
ZEO
ZEO
Annualised
ZEO
-4.0%
-15.9%
CTMX

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CTMX
CTMX
ZEO
ZEO
Revenue
$18.7M
$18.6M
Net Profit
$-154.0K
$-2.0M
Gross Margin
Operating Margin
-6.9%
-11.8%
Net Margin
-0.8%
-10.8%
Revenue YoY
-25.7%
-0.4%
Net Profit YoY
97.6%
-360.9%
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
ZEO
ZEO
Q4 25
$18.6M
Q3 25
$23.9M
Q2 25
$18.7M
$18.1M
Q1 25
$50.9M
$8.8M
Q4 24
$38.1M
$18.6M
Q3 24
$33.4M
$19.7M
Q2 24
$25.1M
$14.8M
Q1 24
$41.5M
$20.1M
Net Profit
CTMX
CTMX
ZEO
ZEO
Q4 25
$-2.0M
Q3 25
$-3.2M
Q2 25
$-154.0K
$-2.4M
Q1 25
$23.5M
$-6.4M
Q4 24
$18.9M
$-435.3K
Q3 24
$5.7M
$-424.3K
Q2 24
$-6.5M
$-277.8K
Q1 24
$13.8M
$-1.5M
Gross Margin
CTMX
CTMX
ZEO
ZEO
Q4 25
Q3 25
57.9%
Q2 25
59.8%
Q1 25
99.3%
Q4 24
Q3 24
50.2%
Q2 24
52.3%
Q1 24
Operating Margin
CTMX
CTMX
ZEO
ZEO
Q4 25
-11.8%
Q3 25
-8.3%
Q2 25
-6.9%
-15.8%
Q1 25
44.4%
-153.8%
Q4 24
46.4%
-6.0%
Q3 24
12.3%
-15.2%
Q2 24
-33.7%
-18.0%
Q1 24
28.1%
-20.1%
Net Margin
CTMX
CTMX
ZEO
ZEO
Q4 25
-10.8%
Q3 25
-13.5%
Q2 25
-0.8%
-13.3%
Q1 25
46.2%
-72.4%
Q4 24
49.6%
-2.3%
Q3 24
17.2%
-2.2%
Q2 24
-26.0%
-1.9%
Q1 24
33.3%
-7.6%
EPS (diluted)
CTMX
CTMX
ZEO
ZEO
Q4 25
Q3 25
Q2 25
Q1 25
$-0.48
Q4 24
$1.11
Q3 24
$-0.08
Q2 24
$0.03
Q1 24
$-1.54

Balance Sheet & Financial Strength

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

Metric
CTMX
CTMX
ZEO
ZEO
Cash + ST InvestmentsLiquidity on hand
$49.0M
$6.1M
Total DebtLower is stronger
$79.1K
Stockholders' EquityBook value
$119.9M
$5.3M
Total Assets
$175.1M
$56.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTMX
CTMX
ZEO
ZEO
Q4 25
$6.1M
Q3 25
$3.9M
Q2 25
$49.0M
$68.7K
Q1 25
$47.6M
$2.9M
Q4 24
$38.1M
$5.6M
Q3 24
$40.6M
$4.3M
Q2 24
$43.2M
$5.3M
Q1 24
$36.2M
Total Debt
CTMX
CTMX
ZEO
ZEO
Q4 25
$79.1K
Q3 25
$84.6K
Q2 25
$642.8K
Q1 25
$715.4K
Q4 24
$787.7K
Q3 24
$858.6K
Q2 24
$1.6M
Q1 24
$748.8K
Stockholders' Equity
CTMX
CTMX
ZEO
ZEO
Q4 25
$5.3M
Q3 25
$-1.7M
Q2 25
$119.9M
$-59.4M
Q1 25
$25.0M
$-23.1M
Q4 24
$-456.0K
$-88.9M
Q3 24
$-23.5M
$-39.3M
Q2 24
$-31.2M
$-53.0M
Q1 24
$-31.7M
$-173.0M
Total Assets
CTMX
CTMX
ZEO
ZEO
Q4 25
$56.9M
Q3 25
$58.5M
Q2 25
$175.1M
$46.2M
Q1 25
$98.5M
$47.4M
Q4 24
$120.5M
$61.0M
Q3 24
$139.0M
$47.1M
Q2 24
$159.2M
$49.1M
Q1 24
$184.7M
$50.1M
Debt / Equity
CTMX
CTMX
ZEO
ZEO
Q4 25
0.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
ZEO
ZEO
Operating Cash FlowLast quarter
$-15.8M
$2.4M
Free Cash FlowOCF − Capex
$-15.8M
$2.3M
FCF MarginFCF / Revenue
-84.6%
12.2%
Capex IntensityCapex / Revenue
0.1%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-77.7M
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTMX
CTMX
ZEO
ZEO
Q4 25
$2.4M
Q3 25
$-6.6M
Q2 25
$-15.8M
$-2.3M
Q1 25
$-21.0M
$-2.3M
Q4 24
$-19.9M
$3.5M
Q3 24
$-20.7M
$162.2K
Q2 24
$-19.5M
$-2.2M
Q1 24
$-26.0M
$-10.2M
Free Cash Flow
CTMX
CTMX
ZEO
ZEO
Q4 25
$2.3M
Q3 25
$-6.8M
Q2 25
$-15.8M
$-2.7M
Q1 25
$-21.2M
$-2.6M
Q4 24
$-20.0M
$3.4M
Q3 24
$-20.7M
$116.5K
Q2 24
$-19.6M
$-2.3M
Q1 24
$-26.2M
$-10.4M
FCF Margin
CTMX
CTMX
ZEO
ZEO
Q4 25
12.2%
Q3 25
-28.6%
Q2 25
-84.6%
-15.0%
Q1 25
-41.6%
-30.0%
Q4 24
-52.5%
18.2%
Q3 24
-62.1%
0.6%
Q2 24
-78.2%
-15.6%
Q1 24
-63.1%
-51.5%
Capex Intensity
CTMX
CTMX
ZEO
ZEO
Q4 25
0.9%
Q3 25
1.0%
Q2 25
0.1%
2.4%
Q1 25
0.2%
4.2%
Q4 24
0.2%
0.5%
Q3 24
0.1%
0.2%
Q2 24
0.4%
0.7%
Q1 24
0.3%
1.1%
Cash Conversion
CTMX
CTMX
ZEO
ZEO
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%

ZEO
ZEO

Nonrelated Party$18.1M98%
Related Party$432.1K2%

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