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Side-by-side financial comparison of Danaos Corp (DAC) and HALOZYME THERAPEUTICS, INC. (HALO). Click either name above to swap in a different company.

HALOZYME THERAPEUTICS, INC. is the larger business by last-quarter revenue ($451.8M vs $262.2M, roughly 1.7× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs -31.3%, a 81.3% gap on every dollar of revenue. On growth, HALOZYME THERAPEUTICS, INC. posted the faster year-over-year revenue change (51.6% vs 6.4%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

Halozyme Therapeutics, Inc. is an American biotechnology company. It develops oncology therapies designed to target the tumor microenvironment.

DAC vs HALO — Head-to-Head

Bigger by revenue
HALO
HALO
1.7× larger
HALO
$451.8M
$262.2M
DAC
Growing faster (revenue YoY)
HALO
HALO
+45.2% gap
HALO
51.6%
6.4%
DAC
Higher net margin
DAC
DAC
81.3% more per $
DAC
49.9%
-31.3%
HALO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
DAC
DAC
HALO
HALO
Revenue
$262.2M
$451.8M
Net Profit
$130.9M
$-141.6M
Gross Margin
82.6%
Operating Margin
47.9%
-20.6%
Net Margin
49.9%
-31.3%
Revenue YoY
6.4%
51.6%
Net Profit YoY
-7.3%
-203.3%
EPS (diluted)
$7.12
$-1.13

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
DAC
DAC
HALO
HALO
Q4 25
$451.8M
Q3 25
$354.3M
Q2 25
$262.2M
$325.7M
Q1 25
$264.9M
Q4 24
$298.0M
Q3 24
$290.1M
Q2 24
$246.3M
$231.4M
Q1 24
$195.9M
Net Profit
DAC
DAC
HALO
HALO
Q4 25
$-141.6M
Q3 25
$175.2M
Q2 25
$130.9M
$165.2M
Q1 25
$118.1M
Q4 24
$137.0M
Q3 24
$137.0M
Q2 24
$141.2M
$93.2M
Q1 24
$76.8M
Gross Margin
DAC
DAC
HALO
HALO
Q4 25
82.6%
Q3 25
84.4%
Q2 25
85.8%
Q1 25
81.7%
Q4 24
85.9%
Q3 24
83.0%
Q2 24
82.9%
Q1 24
85.5%
Operating Margin
DAC
DAC
HALO
HALO
Q4 25
-20.6%
Q3 25
61.5%
Q2 25
47.9%
62.2%
Q1 25
53.4%
Q4 24
58.9%
Q3 24
56.3%
Q2 24
56.8%
50.7%
Q1 24
48.8%
Net Margin
DAC
DAC
HALO
HALO
Q4 25
-31.3%
Q3 25
49.5%
Q2 25
49.9%
50.7%
Q1 25
44.6%
Q4 24
46.0%
Q3 24
47.2%
Q2 24
57.3%
40.3%
Q1 24
39.2%
EPS (diluted)
DAC
DAC
HALO
HALO
Q4 25
$-1.13
Q3 25
$1.43
Q2 25
$7.12
$1.33
Q1 25
$0.93
Q4 24
$1.06
Q3 24
$1.05
Q2 24
$7.23
$0.72
Q1 24
$0.60

Balance Sheet & Financial Strength

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

Metric
DAC
DAC
HALO
HALO
Cash + ST InvestmentsLiquidity on hand
$654.1M
$133.8M
Total DebtLower is stronger
$2.1B
Stockholders' EquityBook value
$3.6B
$48.8M
Total Assets
$4.5B
$2.5B
Debt / EquityLower = less leverage
43.89×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
HALO
HALO
Q4 25
$133.8M
Q3 25
$419.7M
Q2 25
$654.1M
$61.9M
Q1 25
$176.3M
Q4 24
$115.8M
Q3 24
$154.3M
Q2 24
$471.7M
$187.9M
Q1 24
$164.6M
Total Debt
DAC
DAC
HALO
HALO
Q4 25
$2.1B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Q1 24
$1.5B
Stockholders' Equity
DAC
DAC
HALO
HALO
Q4 25
$48.8M
Q3 25
$503.9M
Q2 25
$3.6B
$332.7M
Q1 25
$482.3M
Q4 24
$363.8M
Q3 24
$452.7M
Q2 24
$3.3B
$289.4M
Q1 24
$177.8M
Total Assets
DAC
DAC
HALO
HALO
Q4 25
$2.5B
Q3 25
$2.2B
Q2 25
$4.5B
$2.1B
Q1 25
$2.2B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$4.0B
$2.0B
Q1 24
$1.8B
Debt / Equity
DAC
DAC
HALO
HALO
Q4 25
43.89×
Q3 25
3.00×
Q2 25
4.54×
Q1 25
3.13×
Q4 24
4.14×
Q3 24
3.32×
Q2 24
5.19×
Q1 24
8.44×

Cash Flow & Capital Efficiency

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

Metric
DAC
DAC
HALO
HALO
Operating Cash FlowLast quarter
$219.0M
Free Cash FlowOCF − Capex
$217.6M
FCF MarginFCF / Revenue
48.2%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$644.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAC
DAC
HALO
HALO
Q4 25
$219.0M
Q3 25
$178.6M
Q2 25
$99.7M
Q1 25
$154.2M
Q4 24
$178.5M
Q3 24
$115.4M
Q2 24
$55.8M
Q1 24
$129.4M
Free Cash Flow
DAC
DAC
HALO
HALO
Q4 25
$217.6M
Q3 25
$175.6M
Q2 25
$98.1M
Q1 25
$153.3M
Q4 24
$175.4M
Q3 24
$113.9M
Q2 24
$53.2M
Q1 24
$125.9M
FCF Margin
DAC
DAC
HALO
HALO
Q4 25
48.2%
Q3 25
49.6%
Q2 25
30.1%
Q1 25
57.9%
Q4 24
58.9%
Q3 24
39.3%
Q2 24
23.0%
Q1 24
64.3%
Capex Intensity
DAC
DAC
HALO
HALO
Q4 25
0.3%
Q3 25
0.9%
Q2 25
0.5%
Q1 25
0.4%
Q4 24
1.0%
Q3 24
0.5%
Q2 24
1.1%
Q1 24
1.8%
Cash Conversion
DAC
DAC
HALO
HALO
Q4 25
Q3 25
1.02×
Q2 25
0.60×
Q1 25
1.31×
Q4 24
1.30×
Q3 24
0.84×
Q2 24
0.60×
Q1 24
1.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DAC
DAC

Segment breakdown not available.

HALO
HALO

Royalty$258.0M57%
Products$122.7M27%
Proprietary Products Sales$59.6M13%
Device Partnered Products$12.9M3%

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