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Side-by-side financial comparison of Emergent BioSolutions Inc. (EBS) and MONRO, INC. (MNRO). Click either name above to swap in a different company.

MONRO, INC. is the larger business by last-quarter revenue ($293.4M vs $148.7M, roughly 2.0× Emergent BioSolutions Inc.). MONRO, INC. runs the higher net margin — 3.8% vs -36.7%, a 40.5% gap on every dollar of revenue. On growth, MONRO, INC. posted the faster year-over-year revenue change (-4.0% vs -23.6%). Emergent BioSolutions Inc. produced more free cash flow last quarter ($73.8M vs $9.1M). Over the past eight quarters, MONRO, INC.'s revenue compounded faster (-2.7% CAGR vs -29.6%).

Emergent BioSolutions Inc. is an American multinational specialty biopharmaceutical company headquartered in Gaithersburg, Maryland. It develops vaccines and antibody therapeutics for infectious diseases and opioid overdoses, and it provides medical devices for biodefense purposes.

Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.

EBS vs MNRO — Head-to-Head

Bigger by revenue
MNRO
MNRO
2.0× larger
MNRO
$293.4M
$148.7M
EBS
Growing faster (revenue YoY)
MNRO
MNRO
+19.6% gap
MNRO
-4.0%
-23.6%
EBS
Higher net margin
MNRO
MNRO
40.5% more per $
MNRO
3.8%
-36.7%
EBS
More free cash flow
EBS
EBS
$64.7M more FCF
EBS
$73.8M
$9.1M
MNRO
Faster 2-yr revenue CAGR
MNRO
MNRO
Annualised
MNRO
-2.7%
-29.6%
EBS

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EBS
EBS
MNRO
MNRO
Revenue
$148.7M
$293.4M
Net Profit
$-54.6M
$11.1M
Gross Margin
42.9%
34.9%
Operating Margin
-18.8%
6.3%
Net Margin
-36.7%
3.8%
Revenue YoY
-23.6%
-4.0%
Net Profit YoY
-74.4%
143.1%
EPS (diluted)
$-0.95
$0.35

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
EBS
EBS
MNRO
MNRO
Q4 25
$148.7M
$293.4M
Q3 25
$231.1M
$288.9M
Q2 25
$140.9M
$301.0M
Q1 25
$222.2M
$295.0M
Q4 24
$194.7M
$305.8M
Q3 24
$293.8M
$301.4M
Q2 24
$254.7M
$293.2M
Q1 24
$300.4M
$310.1M
Net Profit
EBS
EBS
MNRO
MNRO
Q4 25
$-54.6M
$11.1M
Q3 25
$51.2M
$5.7M
Q2 25
$-12.0M
$-8.1M
Q1 25
$68.0M
$-21.3M
Q4 24
$-31.3M
$4.6M
Q3 24
$114.8M
$5.6M
Q2 24
$-283.1M
$5.9M
Q1 24
$9.0M
$3.7M
Gross Margin
EBS
EBS
MNRO
MNRO
Q4 25
42.9%
34.9%
Q3 25
62.8%
35.7%
Q2 25
52.5%
35.5%
Q1 25
60.2%
33.0%
Q4 24
39.4%
34.3%
Q3 24
54.9%
35.3%
Q2 24
-18.8%
37.2%
Q1 24
49.2%
35.5%
Operating Margin
EBS
EBS
MNRO
MNRO
Q4 25
-18.8%
6.3%
Q3 25
33.1%
4.4%
Q2 25
1.1%
-2.0%
Q1 25
22.5%
-8.1%
Q4 24
-4.9%
3.3%
Q3 24
22.0%
4.4%
Q2 24
-79.9%
4.5%
Q1 24
13.2%
3.3%
Net Margin
EBS
EBS
MNRO
MNRO
Q4 25
-36.7%
3.8%
Q3 25
22.2%
2.0%
Q2 25
-8.5%
-2.7%
Q1 25
30.6%
-7.2%
Q4 24
-16.1%
1.5%
Q3 24
39.1%
1.9%
Q2 24
-111.2%
2.0%
Q1 24
3.0%
1.2%
EPS (diluted)
EBS
EBS
MNRO
MNRO
Q4 25
$-0.95
$0.35
Q3 25
$0.91
$0.18
Q2 25
$-0.22
$-0.28
Q1 25
$1.19
$-0.74
Q4 24
$-0.45
$0.15
Q3 24
$2.06
$0.18
Q2 24
$-5.38
$0.19
Q1 24
$0.17
$0.12

Balance Sheet & Financial Strength

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

Metric
EBS
EBS
MNRO
MNRO
Cash + ST InvestmentsLiquidity on hand
$205.4M
$4.9M
Total DebtLower is stronger
$589.7M
$45.0M
Stockholders' EquityBook value
$522.6M
$604.9M
Total Assets
$1.3B
$1.6B
Debt / EquityLower = less leverage
1.13×
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBS
EBS
MNRO
MNRO
Q4 25
$205.4M
$4.9M
Q3 25
$245.5M
$10.5M
Q2 25
$267.3M
$7.8M
Q1 25
$149.1M
$20.8M
Q4 24
$99.5M
$10.2M
Q3 24
$149.9M
$20.9M
Q2 24
$69.7M
$18.7M
Q1 24
$78.5M
$6.6M
Total Debt
EBS
EBS
MNRO
MNRO
Q4 25
$589.7M
$45.0M
Q3 25
$693.1M
$60.0M
Q2 25
$700.0M
$71.5M
Q1 25
$700.0M
$61.3M
Q4 24
$700.0M
$59.3M
Q3 24
$700.8M
$62.0M
Q2 24
$863.8M
$112.0M
Q1 24
$909.2M
$102.0M
Stockholders' Equity
EBS
EBS
MNRO
MNRO
Q4 25
$522.6M
$604.9M
Q3 25
$582.5M
$601.7M
Q2 25
$536.2M
$604.9M
Q1 25
$552.7M
$620.8M
Q4 24
$482.8M
$648.9M
Q3 24
$508.4M
$651.9M
Q2 24
$386.3M
$654.4M
Q1 24
$663.9M
$656.8M
Total Assets
EBS
EBS
MNRO
MNRO
Q4 25
$1.3B
$1.6B
Q3 25
$1.5B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$1.4B
$1.6B
Q4 24
$1.4B
$1.7B
Q3 24
$1.5B
$1.7B
Q2 24
$1.5B
$1.7B
Q1 24
$1.8B
$1.7B
Debt / Equity
EBS
EBS
MNRO
MNRO
Q4 25
1.13×
0.07×
Q3 25
1.19×
0.10×
Q2 25
1.31×
0.12×
Q1 25
1.27×
0.10×
Q4 24
1.45×
0.09×
Q3 24
1.38×
0.10×
Q2 24
2.24×
0.17×
Q1 24
1.37×
0.16×

Cash Flow & Capital Efficiency

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

Metric
EBS
EBS
MNRO
MNRO
Operating Cash FlowLast quarter
$77.7M
$17.8M
Free Cash FlowOCF − Capex
$73.8M
$9.1M
FCF MarginFCF / Revenue
49.6%
3.1%
Capex IntensityCapex / Revenue
2.6%
3.0%
Cash ConversionOCF / Net Profit
1.60×
TTM Free Cash FlowTrailing 4 quarters
$156.8M
$49.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBS
EBS
MNRO
MNRO
Q4 25
$77.7M
$17.8M
Q3 25
$-2.3M
$32.3M
Q2 25
$106.4M
$-1.9M
Q1 25
$-11.2M
$28.9M
Q4 24
$-79.9M
$14.8M
Q3 24
$153.7M
$62.6M
Q2 24
$47.5M
$25.6M
Q1 24
$-62.6M
$-5.3M
Free Cash Flow
EBS
EBS
MNRO
MNRO
Q4 25
$73.8M
$9.1M
Q3 25
$-5.7M
$26.6M
Q2 25
$103.5M
$-9.3M
Q1 25
$-14.8M
$23.2M
Q4 24
$-81.6M
$7.9M
Q3 24
$147.9M
$57.6M
Q2 24
$42.9M
$16.8M
Q1 24
$-73.4M
$-11.9M
FCF Margin
EBS
EBS
MNRO
MNRO
Q4 25
49.6%
3.1%
Q3 25
-2.5%
9.2%
Q2 25
73.5%
-3.1%
Q1 25
-6.7%
7.9%
Q4 24
-41.9%
2.6%
Q3 24
50.3%
19.1%
Q2 24
16.8%
5.7%
Q1 24
-24.4%
-3.8%
Capex Intensity
EBS
EBS
MNRO
MNRO
Q4 25
2.6%
3.0%
Q3 25
1.5%
2.0%
Q2 25
2.1%
2.5%
Q1 25
1.6%
1.9%
Q4 24
0.9%
2.2%
Q3 24
2.0%
1.6%
Q2 24
1.8%
3.0%
Q1 24
3.6%
2.1%
Cash Conversion
EBS
EBS
MNRO
MNRO
Q4 25
1.60×
Q3 25
-0.04×
5.71×
Q2 25
Q1 25
-0.16×
Q4 24
3.23×
Q3 24
1.34×
11.08×
Q2 24
4.37×
Q1 24
-6.96×
-1.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EBS
EBS

Medical Countermeasures MCM Product$99.2M67%
Commercial Products Segment$38.4M26%
All Other Revenue$11.1M7%

MNRO
MNRO

Tires$150.2M51%
Maintenance$73.5M25%
Brakes$35.1M12%
Steering$24.9M8%
Batteries$6.2M2%
Exhaust$3.2M1%

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