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Side-by-side financial comparison of CITIZENS FINANCIAL SERVICES INC (CZFS) and HERON THERAPEUTICS, INC. (HRTX). Click either name above to swap in a different company.

HERON THERAPEUTICS, INC. is the larger business by last-quarter revenue ($40.6M vs $29.6M, roughly 1.4× CITIZENS FINANCIAL SERVICES INC). CITIZENS FINANCIAL SERVICES INC runs the higher net margin — 35.4% vs -7.3%, a 42.7% gap on every dollar of revenue. On growth, CITIZENS FINANCIAL SERVICES INC posted the faster year-over-year revenue change (13.0% vs -0.5%). Over the past eight quarters, HERON THERAPEUTICS, INC.'s revenue compounded faster (8.2% CAGR vs 6.9%).

Citizens Financial Group, Inc. is an American bank holding company, headquartered in Providence, Rhode Island. The company owns the bank Citizens Bank, N.A., which operates in the U.S. states of Connecticut, Delaware, Florida, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, Vermont, and Virginia, as well as Washington, DC.

Antibe Therapeutics was a Toronto-based pharmaceutical company that develops pain and inflammation-reducing drugs based on gaseous mediator technology. Antibe was founded by John L. Wallace, also a co-founder of NicOx, the first company to develop drugs utilizing gaseous mediators. Founded in 2009, the company listed on the TSX Venture Exchange in 2013 and was moved to the Toronto Stock Exchange in November 2020. In 2015, Antibe acquired Citagenix, a distributor involved in regenerative medic...

CZFS vs HRTX — Head-to-Head

Bigger by revenue
HRTX
HRTX
1.4× larger
HRTX
$40.6M
$29.6M
CZFS
Growing faster (revenue YoY)
CZFS
CZFS
+13.4% gap
CZFS
13.0%
-0.5%
HRTX
Higher net margin
CZFS
CZFS
42.7% more per $
CZFS
35.4%
-7.3%
HRTX
Faster 2-yr revenue CAGR
HRTX
HRTX
Annualised
HRTX
8.2%
6.9%
CZFS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CZFS
CZFS
HRTX
HRTX
Revenue
$29.6M
$40.6M
Net Profit
$10.5M
$-3.0M
Gross Margin
72.6%
Operating Margin
44.2%
0.1%
Net Margin
35.4%
-7.3%
Revenue YoY
13.0%
-0.5%
Net Profit YoY
31.3%
-180.6%
EPS (diluted)
$2.17
$-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
CZFS
CZFS
HRTX
HRTX
Q4 25
$29.6M
$40.6M
Q3 25
$29.0M
$38.2M
Q2 25
$27.3M
$37.2M
Q1 25
$26.4M
$38.9M
Q4 24
$26.2M
$40.8M
Q3 24
$25.1M
$32.8M
Q2 24
$24.6M
$36.0M
Q1 24
$25.9M
$34.7M
Net Profit
CZFS
CZFS
HRTX
HRTX
Q4 25
$10.5M
$-3.0M
Q3 25
$10.0M
$-17.5M
Q2 25
$8.5M
$-2.4M
Q1 25
$7.6M
$2.6M
Q4 24
$8.0M
$3.7M
Q3 24
$7.5M
$-4.8M
Q2 24
$5.3M
$-9.2M
Q1 24
$7.0M
$-3.2M
Gross Margin
CZFS
CZFS
HRTX
HRTX
Q4 25
72.6%
Q3 25
68.8%
Q2 25
73.5%
Q1 25
78.3%
Q4 24
74.9%
Q3 24
71.2%
Q2 24
70.8%
Q1 24
75.6%
Operating Margin
CZFS
CZFS
HRTX
HRTX
Q4 25
44.2%
0.1%
Q3 25
42.6%
-10.7%
Q2 25
38.1%
-4.4%
Q1 25
35.5%
8.1%
Q4 24
37.2%
10.2%
Q3 24
36.9%
-13.6%
Q2 24
25.9%
-17.9%
Q1 24
32.8%
-13.8%
Net Margin
CZFS
CZFS
HRTX
HRTX
Q4 25
35.4%
-7.3%
Q3 25
34.5%
-45.8%
Q2 25
31.0%
-6.4%
Q1 25
28.8%
6.8%
Q4 24
30.5%
9.0%
Q3 24
30.0%
-14.8%
Q2 24
21.4%
-25.6%
Q1 24
27.1%
-9.1%
EPS (diluted)
CZFS
CZFS
HRTX
HRTX
Q4 25
$2.17
$-0.01
Q3 25
$2.09
$-0.10
Q2 25
$1.76
$-0.02
Q1 25
$1.60
$0.01
Q4 24
$1.64
$0.02
Q3 24
$1.57
$-0.03
Q2 24
$1.10
$-0.06
Q1 24
$1.48
$-0.02

Balance Sheet & Financial Strength

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

Metric
CZFS
CZFS
HRTX
HRTX
Cash + ST InvestmentsLiquidity on hand
$34.3M
$28.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.1M
$14.3M
Total Assets
$3.1B
$255.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CZFS
CZFS
HRTX
HRTX
Q4 25
$34.3M
$28.6M
Q3 25
$31.1M
$43.1M
Q2 25
$49.5M
$16.5M
Q1 25
$36.8M
$19.3M
Q4 24
$42.2M
$25.8M
Q3 24
$36.8M
$25.7M
Q2 24
$38.4M
$18.4M
Q1 24
$29.6M
$20.4M
Stockholders' Equity
CZFS
CZFS
HRTX
HRTX
Q4 25
$338.1M
$14.3M
Q3 25
$327.7M
$14.9M
Q2 25
$313.7M
$-27.3M
Q1 25
$308.3M
$-28.5M
Q4 24
$299.7M
$-33.7M
Q3 24
$298.7M
$-40.0M
Q2 24
$286.5M
$-37.9M
Q1 24
$282.7M
$-33.8M
Total Assets
CZFS
CZFS
HRTX
HRTX
Q4 25
$3.1B
$255.9M
Q3 25
$3.1B
$248.9M
Q2 25
$3.0B
$232.1M
Q1 25
$3.0B
$235.8M
Q4 24
$3.0B
$233.1M
Q3 24
$3.0B
$220.8M
Q2 24
$2.9B
$218.1M
Q1 24
$2.9B
$217.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CZFS
CZFS
HRTX
HRTX
Operating Cash FlowLast quarter
$36.5M
$-9.2M
Free Cash FlowOCF − Capex
$35.2M
FCF MarginFCF / Revenue
119.0%
Capex IntensityCapex / Revenue
4.4%
0.0%
Cash ConversionOCF / Net Profit
3.49×
TTM Free Cash FlowTrailing 4 quarters
$53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CZFS
CZFS
HRTX
HRTX
Q4 25
$36.5M
$-9.2M
Q3 25
$2.9M
$1.3M
Q2 25
$6.0M
$-10.9M
Q1 25
$10.9M
$-8.9M
Q4 24
$33.2M
$-11.8M
Q3 24
$6.2M
$3.4M
Q2 24
$3.0M
$-4.6M
Q1 24
$13.5M
$-9.5M
Free Cash Flow
CZFS
CZFS
HRTX
HRTX
Q4 25
$35.2M
Q3 25
$2.7M
Q2 25
$5.5M
$-11.1M
Q1 25
$10.4M
$-9.0M
Q4 24
$31.9M
Q3 24
$5.6M
$2.9M
Q2 24
$2.9M
Q1 24
$13.4M
FCF Margin
CZFS
CZFS
HRTX
HRTX
Q4 25
119.0%
Q3 25
9.4%
Q2 25
20.1%
-29.8%
Q1 25
39.2%
-23.1%
Q4 24
121.6%
Q3 24
22.3%
9.0%
Q2 24
11.8%
Q1 24
51.5%
Capex Intensity
CZFS
CZFS
HRTX
HRTX
Q4 25
4.4%
0.0%
Q3 25
0.5%
0.0%
Q2 25
1.8%
0.6%
Q1 25
2.2%
0.3%
Q4 24
5.0%
Q3 24
2.5%
1.3%
Q2 24
0.5%
Q1 24
0.4%
Cash Conversion
CZFS
CZFS
HRTX
HRTX
Q4 25
3.49×
Q3 25
0.29×
Q2 25
0.71×
Q1 25
1.44×
-3.37×
Q4 24
4.16×
-3.22×
Q3 24
0.83×
Q2 24
0.57×
Q1 24
1.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CZFS
CZFS

Segment breakdown not available.

HRTX
HRTX

CINVANTI$22.9M56%
ZYNRELEF$12.5M31%
Aponvie$3.8M9%
SUSTOL$1.3M3%

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