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Side-by-side financial comparison of EASTERN CO (EML) and IOVANCE BIOTHERAPEUTICS, INC. (IOVA). Click either name above to swap in a different company.

IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $55.3M, roughly 1.6× EASTERN CO). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs -22.4%). EASTERN CO produced more free cash flow last quarter ($3.1M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs -0.6%).

China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

EML vs IOVA — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.6× larger
IOVA
$86.8M
$55.3M
EML
Growing faster (revenue YoY)
IOVA
IOVA
+40.1% gap
IOVA
17.7%
-22.4%
EML
More free cash flow
EML
EML
$65.0M more FCF
EML
$3.1M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-0.6%
EML

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EML
EML
IOVA
IOVA
Revenue
$55.3M
$86.8M
Net Profit
$578.9K
Gross Margin
22.3%
67.4%
Operating Margin
3.1%
-84.7%
Net Margin
1.0%
Revenue YoY
-22.4%
17.7%
Net Profit YoY
103.8%
EPS (diluted)
$0.10

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
EML
EML
IOVA
IOVA
Q4 25
$86.8M
Q3 25
$55.3M
$67.5M
Q2 25
$70.2M
$60.0M
Q1 25
$63.3M
$49.3M
Q4 24
$64.3M
$73.7M
Q3 24
$71.3M
$58.6M
Q2 24
$72.6M
$31.1M
Q1 24
$64.6M
$715.0K
Net Profit
EML
EML
IOVA
IOVA
Q4 25
Q3 25
$578.9K
$-91.3M
Q2 25
$3.4M
$-111.7M
Q1 25
$1.9M
$-116.2M
Q4 24
$1.3M
Q3 24
$-15.3M
$-83.5M
Q2 24
$3.5M
$-97.1M
Q1 24
$1.9M
$-113.0M
Gross Margin
EML
EML
IOVA
IOVA
Q4 25
67.4%
Q3 25
22.3%
43.0%
Q2 25
23.3%
5.5%
Q1 25
22.4%
-0.8%
Q4 24
23.6%
68.7%
Q3 24
25.5%
46.2%
Q2 24
25.4%
-0.8%
Q1 24
23.9%
Operating Margin
EML
EML
IOVA
IOVA
Q4 25
-84.7%
Q3 25
3.1%
-140.7%
Q2 25
4.5%
-189.8%
Q1 25
5.1%
-245.8%
Q4 24
6.1%
-117.5%
Q3 24
9.5%
-152.1%
Q2 24
8.3%
-327.6%
Q1 24
5.3%
-16464.6%
Net Margin
EML
EML
IOVA
IOVA
Q4 25
Q3 25
1.0%
-135.3%
Q2 25
4.9%
-186.2%
Q1 25
3.1%
-235.5%
Q4 24
2.0%
Q3 24
-21.5%
-142.7%
Q2 24
4.8%
-312.2%
Q1 24
3.0%
-15800.8%
EPS (diluted)
EML
EML
IOVA
IOVA
Q4 25
Q3 25
$0.10
Q2 25
$0.56
$-0.33
Q1 25
$0.32
$-0.36
Q4 24
$0.22
$-0.24
Q3 24
$-2.46
$-0.28
Q2 24
$0.56
$-0.34
Q1 24
$0.31
$-0.42

Balance Sheet & Financial Strength

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

Metric
EML
EML
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$9.2M
$297.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$124.3M
$698.6M
Total Assets
$220.0M
$913.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EML
EML
IOVA
IOVA
Q4 25
$297.0M
Q3 25
$9.2M
$300.8M
Q2 25
$9.1M
$301.2M
Q1 25
$10.2M
$359.7M
Q4 24
$16.1M
$323.8M
Q3 24
$9.7M
$397.5M
Q2 24
$2.0M
$412.5M
Q1 24
$2.1M
$356.2M
Total Debt
EML
EML
IOVA
IOVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$42.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EML
EML
IOVA
IOVA
Q4 25
$698.6M
Q3 25
$124.3M
$702.3M
Q2 25
$124.4M
$698.5M
Q1 25
$121.0M
$767.9M
Q4 24
$120.7M
$710.4M
Q3 24
$119.2M
$773.5M
Q2 24
$136.5M
$768.5M
Q1 24
$134.5M
$680.0M
Total Assets
EML
EML
IOVA
IOVA
Q4 25
$913.2M
Q3 25
$220.0M
$904.9M
Q2 25
$229.4M
$907.4M
Q1 25
$232.3M
$966.7M
Q4 24
$235.3M
$910.4M
Q3 24
$244.2M
$991.1M
Q2 24
$255.9M
$964.3M
Q1 24
$253.9M
$869.8M
Debt / Equity
EML
EML
IOVA
IOVA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.35×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EML
EML
IOVA
IOVA
Operating Cash FlowLast quarter
$3.1M
$-52.6M
Free Cash FlowOCF − Capex
$3.1M
$-61.9M
FCF MarginFCF / Revenue
5.5%
-71.3%
Capex IntensityCapex / Revenue
0.1%
10.7%
Cash ConversionOCF / Net Profit
5.38×
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EML
EML
IOVA
IOVA
Q4 25
$-52.6M
Q3 25
$3.1M
$-78.7M
Q2 25
$3.8M
$-67.4M
Q1 25
$-1.8M
$-103.7M
Q4 24
$11.0M
$-73.3M
Q3 24
$-2.9M
$-59.0M
Q2 24
$8.4M
$-98.4M
Q1 24
$2.8M
$-122.3M
Free Cash Flow
EML
EML
IOVA
IOVA
Q4 25
$-61.9M
Q3 25
$3.1M
$-89.5M
Q2 25
$3.0M
$-74.9M
Q1 25
$-2.7M
$-109.9M
Q4 24
$9.0M
$-77.5M
Q3 24
$-7.7M
$-61.3M
Q2 24
$7.3M
$-98.9M
Q1 24
$1.1M
$-126.5M
FCF Margin
EML
EML
IOVA
IOVA
Q4 25
-71.3%
Q3 25
5.5%
-132.7%
Q2 25
4.3%
-124.9%
Q1 25
-4.3%
-222.8%
Q4 24
13.9%
-105.1%
Q3 24
-10.8%
-104.6%
Q2 24
10.1%
-317.9%
Q1 24
1.7%
-17685.3%
Capex Intensity
EML
EML
IOVA
IOVA
Q4 25
10.7%
Q3 25
0.1%
16.1%
Q2 25
1.1%
12.4%
Q1 25
1.3%
12.6%
Q4 24
3.2%
5.7%
Q3 24
6.7%
3.9%
Q2 24
1.5%
1.4%
Q1 24
2.6%
583.4%
Cash Conversion
EML
EML
IOVA
IOVA
Q4 25
Q3 25
5.38×
Q2 25
1.09×
Q1 25
-0.95×
Q4 24
8.41×
Q3 24
Q2 24
2.40×
Q1 24
1.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EML
EML

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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