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Side-by-side financial comparison of Ginkgo Bioworks Holdings, Inc. (DNA) and FARMERS & MERCHANTS BANCORP INC (FMAO). Click either name above to swap in a different company.

Ginkgo Bioworks Holdings, Inc. is the larger business by last-quarter revenue ($33.4M vs $32.5M, roughly 1.0× FARMERS & MERCHANTS BANCORP INC). On growth, FARMERS & MERCHANTS BANCORP INC posted the faster year-over-year revenue change (21.0% vs -23.8%). FARMERS & MERCHANTS BANCORP INC produced more free cash flow last quarter ($35.0M vs $-47.7M). Over the past eight quarters, FARMERS & MERCHANTS BANCORP INC's revenue compounded faster (16.1% CAGR vs -6.2%).

Ginkgo Bioworks Holdings, Inc. is an American biotech company founded in 2008 by five scientists from MIT, headed by Jason Kelly. The company specializes in using genetic engineering to produce bacteria with industrial applications for other biotech companies, saving other companies the cost of reproducing the initial stages of design in synthetic biology. The self-proclaimed "Organism Company" was one of the world's largest privately held biotech companies, valued at $4.2 billion in 2019. It...

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

DNA vs FMAO — Head-to-Head

Bigger by revenue
DNA
DNA
1.0× larger
DNA
$33.4M
$32.5M
FMAO
Growing faster (revenue YoY)
FMAO
FMAO
+44.8% gap
FMAO
21.0%
-23.8%
DNA
More free cash flow
FMAO
FMAO
$82.7M more FCF
FMAO
$35.0M
$-47.7M
DNA
Faster 2-yr revenue CAGR
FMAO
FMAO
Annualised
FMAO
16.1%
-6.2%
DNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNA
DNA
FMAO
FMAO
Revenue
$33.4M
$32.5M
Net Profit
$9.8M
Gross Margin
Operating Margin
-211.9%
39.5%
Net Margin
30.2%
Revenue YoY
-23.8%
21.0%
Net Profit YoY
16.8%
EPS (diluted)
$-1.41
$0.72

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
DNA
DNA
FMAO
FMAO
Q4 25
$33.4M
$32.5M
Q3 25
$38.8M
$31.3M
Q2 25
$49.6M
$29.6M
Q1 25
$48.3M
$28.1M
Q4 24
$43.8M
$26.8M
Q3 24
$89.0M
$25.5M
Q2 24
$56.2M
$25.1M
Q1 24
$37.9M
$24.1M
Net Profit
DNA
DNA
FMAO
FMAO
Q4 25
$9.8M
Q3 25
$-80.8M
$8.9M
Q2 25
$-60.3M
$7.7M
Q1 25
$-91.0M
$7.0M
Q4 24
$8.4M
Q3 24
$-56.4M
$6.5M
Q2 24
$-217.2M
$5.7M
Q1 24
$-165.9M
$5.4M
Operating Margin
DNA
DNA
FMAO
FMAO
Q4 25
-211.9%
39.5%
Q3 25
-231.8%
35.9%
Q2 25
-132.1%
32.7%
Q1 25
-184.1%
31.2%
Q4 24
-236.3%
39.2%
Q3 24
-62.0%
31.7%
Q2 24
-396.7%
28.5%
Q1 24
-469.1%
28.2%
Net Margin
DNA
DNA
FMAO
FMAO
Q4 25
30.2%
Q3 25
-207.9%
28.3%
Q2 25
-121.6%
26.0%
Q1 25
-188.2%
24.8%
Q4 24
31.2%
Q3 24
-63.3%
25.5%
Q2 24
-386.4%
22.6%
Q1 24
-437.3%
22.3%
EPS (diluted)
DNA
DNA
FMAO
FMAO
Q4 25
$-1.41
$0.72
Q3 25
$-1.45
$0.64
Q2 25
$-1.10
$0.56
Q1 25
$-1.68
$0.51
Q4 24
$-1.91
$0.61
Q3 24
$-1.08
$0.48
Q2 24
$-4.23
$0.42
Q1 24
$-3.32
$0.39

Balance Sheet & Financial Strength

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

Metric
DNA
DNA
FMAO
FMAO
Cash + ST InvestmentsLiquidity on hand
$422.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$508.6M
$370.9M
Total Assets
$1.1B
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNA
DNA
FMAO
FMAO
Q4 25
$422.6M
Q3 25
$495.5M
Q2 25
$559.4M
Q1 25
$325.3M
Q4 24
$561.6M
Q3 24
$616.2M
Q2 24
$730.4M
Q1 24
$840.4M
Stockholders' Equity
DNA
DNA
FMAO
FMAO
Q4 25
$508.6M
$370.9M
Q3 25
$559.8M
$361.8M
Q2 25
$613.0M
$350.8M
Q1 25
$647.4M
$344.6M
Q4 24
$716.1M
$335.2M
Q3 24
$797.9M
$335.4M
Q2 24
$833.1M
$322.7M
Q1 24
$987.3M
$317.7M
Total Assets
DNA
DNA
FMAO
FMAO
Q4 25
$1.1B
$3.4B
Q3 25
$1.2B
$3.4B
Q2 25
$1.2B
$3.3B
Q1 25
$1.3B
$3.4B
Q4 24
$1.4B
$3.4B
Q3 24
$1.5B
$3.4B
Q2 24
$1.6B
$3.3B
Q1 24
$1.6B
$3.3B

Cash Flow & Capital Efficiency

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

Metric
DNA
DNA
FMAO
FMAO
Operating Cash FlowLast quarter
$-47.7M
$36.7M
Free Cash FlowOCF − Capex
$-47.7M
$35.0M
FCF MarginFCF / Revenue
-142.8%
107.8%
Capex IntensityCapex / Revenue
0.0%
5.4%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$56.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNA
DNA
FMAO
FMAO
Q4 25
$-47.7M
$36.7M
Q3 25
$-31.6M
$11.2M
Q2 25
$-40.3M
$1.1M
Q1 25
$-51.5M
$11.0M
Q4 24
$-42.4M
$32.5M
Q3 24
$-103.5M
$18.7M
Q2 24
$-84.4M
$9.7M
Q1 24
$-89.3M
$1.5M
Free Cash Flow
DNA
DNA
FMAO
FMAO
Q4 25
$-47.7M
$35.0M
Q3 25
$10.7M
Q2 25
$-40.3M
$385.0K
Q1 25
$-59.1M
$10.6M
Q4 24
$-56.1M
$30.6M
Q3 24
$-118.6M
$18.3M
Q2 24
$-111.4M
$9.2M
Q1 24
$-96.0M
$1.3M
FCF Margin
DNA
DNA
FMAO
FMAO
Q4 25
-142.8%
107.8%
Q3 25
34.3%
Q2 25
-81.2%
1.3%
Q1 25
-122.4%
37.8%
Q4 24
-128.0%
114.1%
Q3 24
-133.2%
71.7%
Q2 24
-198.2%
36.5%
Q1 24
-252.9%
5.3%
Capex Intensity
DNA
DNA
FMAO
FMAO
Q4 25
0.0%
5.4%
Q3 25
0.0%
1.5%
Q2 25
0.1%
2.4%
Q1 25
15.8%
1.4%
Q4 24
31.3%
7.0%
Q3 24
16.9%
1.4%
Q2 24
48.1%
2.3%
Q1 24
17.7%
0.9%
Cash Conversion
DNA
DNA
FMAO
FMAO
Q4 25
3.75×
Q3 25
1.26×
Q2 25
0.14×
Q1 25
1.58×
Q4 24
3.87×
Q3 24
2.86×
Q2 24
1.71×
Q1 24
0.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DNA
DNA

Cell Engineering Segment$26.0M78%
Other$7.4M22%

FMAO
FMAO

Segment breakdown not available.

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