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Side-by-side financial comparison of Ginkgo Bioworks Holdings, Inc. (DNA) and TANDY LEATHER FACTORY INC (TLF). 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 $22.3M, roughly 1.5× TANDY LEATHER FACTORY INC). On growth, TANDY LEATHER FACTORY INC posted the faster year-over-year revenue change (8.7% vs -23.8%). TANDY LEATHER FACTORY INC produced more free cash flow last quarter ($4.0M vs $-47.7M). Over the past eight quarters, TANDY LEATHER FACTORY INC's revenue compounded faster (7.4% 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...

Tandy Leather Factory, Inc. is an American specialty retailer and wholesale distributor of leather and leatherwork related products. It operates more than 100 stores worldwide. Originally part of the Tandy Corporation, Tandy Leather has gone through a series of acquisitions and mergers, eventually being sold to The Leather Factory in 2000. The Tandy Leather flagship store next to their corporate headquarters in Fort Worth, Texas also houses the Al and Ann Stohlman Leathercraft Museum.

DNA vs TLF — Head-to-Head

Bigger by revenue
DNA
DNA
1.5× larger
DNA
$33.4M
$22.3M
TLF
Growing faster (revenue YoY)
TLF
TLF
+32.5% gap
TLF
8.7%
-23.8%
DNA
More free cash flow
TLF
TLF
$51.7M more FCF
TLF
$4.0M
$-47.7M
DNA
Faster 2-yr revenue CAGR
TLF
TLF
Annualised
TLF
7.4%
-6.2%
DNA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DNA
DNA
TLF
TLF
Revenue
$33.4M
$22.3M
Net Profit
$-930.0K
Gross Margin
54.3%
Operating Margin
-211.9%
-2.8%
Net Margin
-4.2%
Revenue YoY
-23.8%
8.7%
Net Profit YoY
-379.3%
EPS (diluted)
$-1.41
$-0.18

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
TLF
TLF
Q4 25
$33.4M
$22.3M
Q3 25
$38.8M
$17.3M
Q2 25
$49.6M
$17.8M
Q1 25
$48.3M
$19.0M
Q4 24
$43.8M
$20.5M
Q3 24
$89.0M
$17.4M
Q2 24
$56.2M
$17.3M
Q1 24
$37.9M
$19.3M
Net Profit
DNA
DNA
TLF
TLF
Q4 25
$-930.0K
Q3 25
$-80.8M
$-1.4M
Q2 25
$-60.3M
$-199.0K
Q1 25
$-91.0M
$11.6M
Q4 24
$333.0K
Q3 24
$-56.4M
$-132.0K
Q2 24
$-217.2M
$101.0K
Q1 24
$-165.9M
$525.0K
Gross Margin
DNA
DNA
TLF
TLF
Q4 25
54.3%
Q3 25
58.9%
Q2 25
59.5%
Q1 25
56.3%
Q4 24
53.0%
Q3 24
57.8%
Q2 24
58.0%
Q1 24
56.7%
Operating Margin
DNA
DNA
TLF
TLF
Q4 25
-211.9%
-2.8%
Q3 25
-231.8%
-3.9%
Q2 25
-132.1%
0.4%
Q1 25
-184.1%
1.4%
Q4 24
-236.3%
0.9%
Q3 24
-62.0%
-1.5%
Q2 24
-396.7%
0.4%
Q1 24
-469.1%
3.4%
Net Margin
DNA
DNA
TLF
TLF
Q4 25
-4.2%
Q3 25
-207.9%
-7.8%
Q2 25
-121.6%
-1.1%
Q1 25
-188.2%
60.8%
Q4 24
1.6%
Q3 24
-63.3%
-0.8%
Q2 24
-386.4%
0.6%
Q1 24
-437.3%
2.7%
EPS (diluted)
DNA
DNA
TLF
TLF
Q4 25
$-1.41
$-0.18
Q3 25
$-1.45
$-0.17
Q2 25
$-1.10
$-0.02
Q1 25
$-1.68
$1.47
Q4 24
$-1.91
$0.04
Q3 24
$-1.08
$-0.02
Q2 24
$-4.23
$0.01
Q1 24
$-3.32
$0.06

Balance Sheet & Financial Strength

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

Metric
DNA
DNA
TLF
TLF
Cash + ST InvestmentsLiquidity on hand
$422.6M
$16.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$508.6M
$52.6M
Total Assets
$1.1B
$86.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DNA
DNA
TLF
TLF
Q4 25
$422.6M
$16.1M
Q3 25
$495.5M
$12.0M
Q2 25
$559.4M
$16.4M
Q1 25
$325.3M
$23.6M
Q4 24
$561.6M
$13.3M
Q3 24
$616.2M
$10.1M
Q2 24
$730.4M
$11.5M
Q1 24
$840.4M
$12.3M
Stockholders' Equity
DNA
DNA
TLF
TLF
Q4 25
$508.6M
$52.6M
Q3 25
$559.8M
$53.4M
Q2 25
$613.0M
$56.1M
Q1 25
$647.4M
$55.8M
Q4 24
$716.1M
$57.2M
Q3 24
$797.9M
$57.6M
Q2 24
$833.1M
$57.5M
Q1 24
$987.3M
$57.2M
Total Assets
DNA
DNA
TLF
TLF
Q4 25
$1.1B
$86.6M
Q3 25
$1.2B
$84.5M
Q2 25
$1.2B
$76.5M
Q1 25
$1.3B
$77.9M
Q4 24
$1.4B
$74.9M
Q3 24
$1.5B
$73.0M
Q2 24
$1.6B
$72.8M
Q1 24
$1.6B
$72.4M

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
TLF
TLF
Operating Cash FlowLast quarter
$-47.7M
$5.0M
Free Cash FlowOCF − Capex
$-47.7M
$4.0M
FCF MarginFCF / Revenue
-142.8%
18.1%
Capex IntensityCapex / Revenue
0.0%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DNA
DNA
TLF
TLF
Q4 25
$-47.7M
$5.0M
Q3 25
$-31.6M
$-1.0M
Q2 25
$-40.3M
$-4.0M
Q1 25
$-51.5M
$-536.0K
Q4 24
$-42.4M
$4.5M
Q3 24
$-103.5M
$-535.0K
Q2 24
$-84.4M
$-514.0K
Q1 24
$-89.3M
$1.1M
Free Cash Flow
DNA
DNA
TLF
TLF
Q4 25
$-47.7M
$4.0M
Q3 25
$-3.0M
Q2 25
$-40.3M
$-7.3M
Q1 25
$-59.1M
$-1.9M
Q4 24
$-56.1M
$3.8M
Q3 24
$-118.6M
$-1.4M
Q2 24
$-111.4M
$-715.0K
Q1 24
$-96.0M
$-141.0K
FCF Margin
DNA
DNA
TLF
TLF
Q4 25
-142.8%
18.1%
Q3 25
-17.2%
Q2 25
-81.2%
-41.0%
Q1 25
-122.4%
-9.8%
Q4 24
-128.0%
18.8%
Q3 24
-133.2%
-8.2%
Q2 24
-198.2%
-4.1%
Q1 24
-252.9%
-0.7%
Capex Intensity
DNA
DNA
TLF
TLF
Q4 25
0.0%
4.3%
Q3 25
0.0%
11.2%
Q2 25
0.1%
18.7%
Q1 25
15.8%
7.0%
Q4 24
31.3%
3.3%
Q3 24
16.9%
5.1%
Q2 24
48.1%
1.2%
Q1 24
17.7%
6.4%
Cash Conversion
DNA
DNA
TLF
TLF
Q4 25
Q3 25
Q2 25
Q1 25
-0.05×
Q4 24
13.55×
Q3 24
Q2 24
-5.09×
Q1 24
2.07×

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%

TLF
TLF

Segment breakdown not available.

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