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Side-by-side financial comparison of Excelerate Energy, Inc. (EE) and Protagonist Therapeutics, Inc (PTGX). Click either name above to swap in a different company.

Excelerate Energy, Inc. is the larger business by last-quarter revenue ($317.6M vs $170.6M, roughly 1.9× Protagonist Therapeutics, Inc). On growth, Protagonist Therapeutics, Inc posted the faster year-over-year revenue change (184.4% vs 15.7%).

Excelerate Energy, Inc. is a global leading provider of flexible liquefied natural gas (LNG) solutions, offering floating storage and regasification units, LNG delivery services and integrated infrastructure projects. It serves utility and industrial clients across Europe, Asia, Latin America and the Middle East, supporting markets to achieve accessible low-carbon energy transitions.

Protagonist Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing novel peptide-based targeted therapies for unmet medical needs, primarily covering gastrointestinal disorders, inflammatory diseases and rare disease indications. Its lead product candidates target inflammatory bowel disease and other chronic immune-related conditions, with operations spanning global R&D and partnership collaborations.

EE vs PTGX — Head-to-Head

Bigger by revenue
EE
EE
1.9× larger
EE
$317.6M
$170.6M
PTGX
Growing faster (revenue YoY)
PTGX
PTGX
+168.7% gap
PTGX
184.4%
15.7%
EE

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
EE
EE
PTGX
PTGX
Revenue
$317.6M
$170.6M
Net Profit
$131.7M
Gross Margin
Operating Margin
22.2%
74.3%
Net Margin
77.2%
Revenue YoY
15.7%
184.4%
Net Profit YoY
381.7%
EPS (diluted)
$0.24
$2.01

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
EE
EE
PTGX
PTGX
Q4 25
$317.6M
Q3 25
$391.0M
Q2 25
$204.6M
Q1 25
$315.1M
Q4 24
$274.6M
$170.6M
Q3 24
$193.4M
Q2 24
$183.3M
Q1 24
$200.1M
$255.0M
Net Profit
EE
EE
PTGX
PTGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$131.7M
Q3 24
Q2 24
Q1 24
$207.3M
Operating Margin
EE
EE
PTGX
PTGX
Q4 25
22.2%
Q3 25
22.3%
Q2 25
21.2%
Q1 25
20.9%
Q4 24
21.9%
74.3%
Q3 24
30.9%
Q2 24
27.2%
Q1 24
22.6%
80.9%
Net Margin
EE
EE
PTGX
PTGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
77.2%
Q3 24
Q2 24
Q1 24
81.3%
EPS (diluted)
EE
EE
PTGX
PTGX
Q4 25
$0.24
Q3 25
$0.43
Q2 25
$0.15
Q1 25
$0.46
Q4 24
$0.42
$2.01
Q3 24
$0.35
Q2 24
$0.26
Q1 24
$0.24
$3.26

Balance Sheet & Financial Strength

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

Metric
EE
EE
PTGX
PTGX
Cash + ST InvestmentsLiquidity on hand
$538.2M
$418.9M
Total DebtLower is stronger
$936.3M
Stockholders' EquityBook value
$2.2B
$675.3M
Total Assets
$4.1B
$744.7M
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EE
EE
PTGX
PTGX
Q4 25
$538.2M
Q3 25
$462.6M
Q2 25
$426.0M
Q1 25
$619.5M
Q4 24
$537.5M
$418.9M
Q3 24
$608.4M
Q2 24
$609.1M
Q1 24
$578.9M
$322.6M
Total Debt
EE
EE
PTGX
PTGX
Q4 25
$936.3M
Q3 25
$942.0M
Q2 25
$946.2M
Q1 25
$322.6M
Q4 24
$333.6M
Q3 24
$345.7M
Q2 24
$356.4M
Q1 24
$366.9M
Stockholders' Equity
EE
EE
PTGX
PTGX
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$1.9B
Q4 24
$1.9B
$675.3M
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.8B
$560.4M
Total Assets
EE
EE
PTGX
PTGX
Q4 25
$4.1B
Q3 25
$4.1B
Q2 25
$4.0B
Q1 25
$2.9B
Q4 24
$2.9B
$744.7M
Q3 24
$2.9B
Q2 24
$2.9B
Q1 24
$2.9B
$629.3M
Debt / Equity
EE
EE
PTGX
PTGX
Q4 25
0.42×
Q3 25
0.43×
Q2 25
0.44×
Q1 25
0.17×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.19×
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
EE
EE
PTGX
PTGX
Operating Cash FlowLast quarter
$104.4M
$184.2M
Free Cash FlowOCF − Capex
$182.8M
FCF MarginFCF / Revenue
107.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$101.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EE
EE
PTGX
PTGX
Q4 25
$104.4M
Q3 25
$114.9M
Q2 25
$87.1M
Q1 25
$154.8M
Q4 24
$49.6M
$184.2M
Q3 24
$39.8M
Q2 24
$90.4M
Q1 24
$64.7M
$-27.4M
Free Cash Flow
EE
EE
PTGX
PTGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$182.8M
Q3 24
Q2 24
Q1 24
$-27.7M
FCF Margin
EE
EE
PTGX
PTGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
107.1%
Q3 24
Q2 24
Q1 24
-10.9%
Capex Intensity
EE
EE
PTGX
PTGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.8%
Q3 24
Q2 24
Q1 24
0.1%
Cash Conversion
EE
EE
PTGX
PTGX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.40×
Q3 24
Q2 24
Q1 24
-0.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EE
EE

Other$179.4M57%
Revenue From Leases$138.1M43%

PTGX
PTGX

Segment breakdown not available.

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