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Side-by-side financial comparison of DYNAVAX TECHNOLOGIES CORP (DVAX) and OFG BANCORP (OFG). Click either name above to swap in a different company.

OFG BANCORP is the larger business by last-quarter revenue ($184.3M vs $94.9M, roughly 1.9× DYNAVAX TECHNOLOGIES CORP). OFG BANCORP runs the higher net margin — 30.3% vs 28.4%, a 1.9% gap on every dollar of revenue. On growth, DYNAVAX TECHNOLOGIES CORP posted the faster year-over-year revenue change (17.7% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $32.6M). Over the past eight quarters, DYNAVAX TECHNOLOGIES CORP's revenue compounded faster (30.6% CAGR vs 2.8%).

Dynavax Technologies Corp is a commercial-stage biopharmaceutical company specializing in the research, development, and production of innovative vaccines and immunotherapies for infectious diseases. Its lead approved product is Heplisav-B, an adult hepatitis B vaccine, with core markets in North America and Europe, alongside a pipeline of candidates addressing unmet public health needs.

OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....

DVAX vs OFG — Head-to-Head

Bigger by revenue
OFG
OFG
1.9× larger
OFG
$184.3M
$94.9M
DVAX
Growing faster (revenue YoY)
DVAX
DVAX
+16.8% gap
DVAX
17.7%
0.9%
OFG
Higher net margin
OFG
OFG
1.9% more per $
OFG
30.3%
28.4%
DVAX
More free cash flow
OFG
OFG
$166.7M more FCF
OFG
$199.3M
$32.6M
DVAX
Faster 2-yr revenue CAGR
DVAX
DVAX
Annualised
DVAX
30.6%
2.8%
OFG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DVAX
DVAX
OFG
OFG
Revenue
$94.9M
$184.3M
Net Profit
$26.9M
$55.9M
Gross Margin
Operating Margin
22.4%
25.7%
Net Margin
28.4%
30.3%
Revenue YoY
17.7%
0.9%
Net Profit YoY
53.0%
11.0%
EPS (diluted)
$0.21
$1.27

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
DVAX
DVAX
OFG
OFG
Q4 25
$184.3M
Q3 25
$94.9M
$186.2M
Q2 25
$95.4M
$182.4M
Q1 25
$68.2M
$178.6M
Q4 24
$72.0M
$182.7M
Q3 24
$80.6M
$174.7M
Q2 24
$73.8M
$179.8M
Q1 24
$50.8M
$174.4M
Net Profit
DVAX
DVAX
OFG
OFG
Q4 25
$55.9M
Q3 25
$26.9M
$51.8M
Q2 25
$18.7M
$51.8M
Q1 25
$-96.1M
$45.6M
Q4 24
$7.0M
$50.3M
Q3 24
$17.6M
$47.0M
Q2 24
$11.4M
$51.1M
Q1 24
$-8.7M
$49.7M
Operating Margin
DVAX
DVAX
OFG
OFG
Q4 25
25.7%
Q3 25
22.4%
33.0%
Q2 25
15.1%
36.1%
Q1 25
-34.7%
33.3%
Q4 24
-2.3%
28.9%
Q3 24
12.5%
35.4%
Q2 24
7.0%
39.6%
Q1 24
-35.0%
38.9%
Net Margin
DVAX
DVAX
OFG
OFG
Q4 25
30.3%
Q3 25
28.4%
27.8%
Q2 25
19.6%
28.4%
Q1 25
-141.0%
25.5%
Q4 24
9.8%
27.6%
Q3 24
21.8%
26.9%
Q2 24
15.4%
28.4%
Q1 24
-17.2%
28.5%
EPS (diluted)
DVAX
DVAX
OFG
OFG
Q4 25
$1.27
Q3 25
$0.21
$1.16
Q2 25
$0.14
$1.15
Q1 25
$-0.77
$1.00
Q4 24
$0.07
$1.10
Q3 24
$0.12
$1.00
Q2 24
$0.08
$1.08
Q1 24
$-0.07
$1.05

Balance Sheet & Financial Strength

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

Metric
DVAX
DVAX
OFG
OFG
Cash + ST InvestmentsLiquidity on hand
$160.2M
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$534.1M
$1.4B
Total Assets
$946.5M
$12.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DVAX
DVAX
OFG
OFG
Q4 25
$1.0B
Q3 25
$160.2M
$740.3M
Q2 25
$99.1M
$851.8M
Q1 25
$51.7M
$710.6M
Q4 24
$95.9M
$591.1M
Q3 24
$119.3M
$680.6M
Q2 24
$112.5M
$740.4M
Q1 24
$132.0M
$754.4M
Stockholders' Equity
DVAX
DVAX
OFG
OFG
Q4 25
$1.4B
Q3 25
$534.1M
$1.4B
Q2 25
$494.2M
$1.3B
Q1 25
$530.9M
$1.3B
Q4 24
$596.8M
$1.3B
Q3 24
$681.4M
$1.3B
Q2 24
$642.8M
$1.2B
Q1 24
$618.5M
$1.2B
Total Assets
DVAX
DVAX
OFG
OFG
Q4 25
$12.5B
Q3 25
$946.5M
$12.2B
Q2 25
$918.4M
$12.2B
Q1 25
$945.9M
$11.7B
Q4 24
$986.3M
$11.5B
Q3 24
$1.1B
$11.5B
Q2 24
$1.0B
$11.3B
Q1 24
$986.6M
$11.2B

Cash Flow & Capital Efficiency

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

Metric
DVAX
DVAX
OFG
OFG
Operating Cash FlowLast quarter
$33.8M
$217.7M
Free Cash FlowOCF − Capex
$32.6M
$199.3M
FCF MarginFCF / Revenue
34.4%
108.1%
Capex IntensityCapex / Revenue
1.3%
10.0%
Cash ConversionOCF / Net Profit
1.26×
3.90×
TTM Free Cash FlowTrailing 4 quarters
$80.5M
$345.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DVAX
DVAX
OFG
OFG
Q4 25
$217.7M
Q3 25
$33.8M
$39.5M
Q2 25
$23.4M
$35.9M
Q1 25
$-19.6M
$83.1M
Q4 24
$53.0M
$252.5M
Q3 24
$19.5M
$58.1M
Q2 24
$10.7M
$95.1M
Q1 24
$-16.7M
$61.0M
Free Cash Flow
DVAX
DVAX
OFG
OFG
Q4 25
$199.3M
Q3 25
$32.6M
$35.5M
Q2 25
$22.0M
$31.8M
Q1 25
$-23.6M
$78.7M
Q4 24
$49.5M
$231.2M
Q3 24
$18.1M
$51.8M
Q2 24
$9.9M
$90.4M
Q1 24
$-17.4M
$54.8M
FCF Margin
DVAX
DVAX
OFG
OFG
Q4 25
108.1%
Q3 25
34.4%
19.1%
Q2 25
23.0%
17.4%
Q1 25
-34.6%
44.1%
Q4 24
68.8%
126.5%
Q3 24
22.5%
29.6%
Q2 24
13.5%
50.3%
Q1 24
-34.3%
31.4%
Capex Intensity
DVAX
DVAX
OFG
OFG
Q4 25
10.0%
Q3 25
1.3%
2.1%
Q2 25
1.5%
2.3%
Q1 25
5.8%
2.4%
Q4 24
4.8%
11.7%
Q3 24
1.7%
3.6%
Q2 24
1.1%
2.6%
Q1 24
1.5%
3.5%
Cash Conversion
DVAX
DVAX
OFG
OFG
Q4 25
3.90×
Q3 25
1.26×
0.76×
Q2 25
1.25×
0.69×
Q1 25
1.82×
Q4 24
7.52×
5.02×
Q3 24
1.11×
1.24×
Q2 24
0.94×
1.86×
Q1 24
1.23×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DVAX
DVAX

HEPLISAVB$90.0M95%
US Department Of Defense$4.7M5%

OFG
OFG

Segment breakdown not available.

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