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Side-by-side financial comparison of EASTERN CO (EML) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $55.3M, roughly 1.0× EASTERN CO). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs -22.4%). EASTERN CO produced more free cash flow last quarter ($3.1M vs $-167.0M).

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.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

EML vs PHAT — Head-to-Head

Bigger by revenue
PHAT
PHAT
1.0× larger
PHAT
$57.6M
$55.3M
EML
Growing faster (revenue YoY)
PHAT
PHAT
+116.5% gap
PHAT
94.1%
-22.4%
EML
More free cash flow
EML
EML
$170.1M more FCF
EML
$3.1M
$-167.0M
PHAT

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EML
EML
PHAT
PHAT
Revenue
$55.3M
$57.6M
Net Profit
$578.9K
Gross Margin
22.3%
86.7%
Operating Margin
3.1%
Net Margin
1.0%
Revenue YoY
-22.4%
94.1%
Net Profit YoY
103.8%
71.6%
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
PHAT
PHAT
Q4 25
$57.6M
Q3 25
$55.3M
$49.5M
Q2 25
$70.2M
$39.5M
Q1 25
$63.3M
$28.5M
Q4 24
$64.3M
$29.7M
Q3 24
$71.3M
$16.4M
Q2 24
$72.6M
$7.3M
Q1 24
$64.6M
Net Profit
EML
EML
PHAT
PHAT
Q4 25
Q3 25
$578.9K
$-30.0M
Q2 25
$3.4M
$-75.8M
Q1 25
$1.9M
$-94.3M
Q4 24
$1.3M
Q3 24
$-15.3M
$-85.6M
Q2 24
$3.5M
$-91.4M
Q1 24
$1.9M
Gross Margin
EML
EML
PHAT
PHAT
Q4 25
86.7%
Q3 25
22.3%
87.5%
Q2 25
23.3%
87.2%
Q1 25
22.4%
86.9%
Q4 24
23.6%
87.1%
Q3 24
25.5%
85.6%
Q2 24
25.4%
81.2%
Q1 24
23.9%
Operating Margin
EML
EML
PHAT
PHAT
Q4 25
Q3 25
3.1%
-30.8%
Q2 25
4.5%
-151.7%
Q1 25
5.1%
-276.5%
Q4 24
6.1%
Q3 24
9.5%
-433.0%
Q2 24
8.3%
-1055.4%
Q1 24
5.3%
Net Margin
EML
EML
PHAT
PHAT
Q4 25
Q3 25
1.0%
-60.5%
Q2 25
4.9%
-191.9%
Q1 25
3.1%
-330.7%
Q4 24
2.0%
Q3 24
-21.5%
-523.3%
Q2 24
4.8%
-1248.6%
Q1 24
3.0%
EPS (diluted)
EML
EML
PHAT
PHAT
Q4 25
Q3 25
$0.10
$-0.41
Q2 25
$0.56
$-1.05
Q1 25
$0.32
$-1.31
Q4 24
$0.22
Q3 24
$-2.46
$-1.32
Q2 24
$0.56
$-1.56
Q1 24
$0.31

Balance Sheet & Financial Strength

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

Metric
EML
EML
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$9.2M
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$124.3M
$-438.2M
Total Assets
$220.0M
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EML
EML
PHAT
PHAT
Q4 25
$130.0M
Q3 25
$9.2M
$135.2M
Q2 25
$9.1M
$149.6M
Q1 25
$10.2M
$212.3M
Q4 24
$16.1M
$297.3M
Q3 24
$9.7M
$334.7M
Q2 24
$2.0M
$276.2M
Q1 24
$2.1M
Total Debt
EML
EML
PHAT
PHAT
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$42.2M
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q1 24
Stockholders' Equity
EML
EML
PHAT
PHAT
Q4 25
$-438.2M
Q3 25
$124.3M
$-422.5M
Q2 25
$124.4M
$-405.8M
Q1 25
$121.0M
$-338.4M
Q4 24
$120.7M
$-253.6M
Q3 24
$119.2M
$-187.1M
Q2 24
$136.5M
$-233.8M
Q1 24
$134.5M
Total Assets
EML
EML
PHAT
PHAT
Q4 25
$259.1M
Q3 25
$220.0M
$240.3M
Q2 25
$229.4M
$250.2M
Q1 25
$232.3M
$294.2M
Q4 24
$235.3M
$378.3M
Q3 24
$244.2M
$387.0M
Q2 24
$255.9M
$319.4M
Q1 24
$253.9M
Debt / Equity
EML
EML
PHAT
PHAT
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
PHAT
PHAT
Operating Cash FlowLast quarter
$3.1M
$-166.8M
Free Cash FlowOCF − Capex
$3.1M
$-167.0M
FCF MarginFCF / Revenue
5.5%
-290.0%
Capex IntensityCapex / Revenue
0.1%
0.4%
Cash ConversionOCF / Net Profit
5.38×
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EML
EML
PHAT
PHAT
Q4 25
$-166.8M
Q3 25
$3.1M
$-14.1M
Q2 25
$3.8M
$-62.7M
Q1 25
$-1.8M
$-84.9M
Q4 24
$11.0M
$-266.8M
Q3 24
$-2.9M
$-63.6M
Q2 24
$8.4M
$-70.7M
Q1 24
$2.8M
Free Cash Flow
EML
EML
PHAT
PHAT
Q4 25
$-167.0M
Q3 25
$3.1M
$-14.1M
Q2 25
$3.0M
$-62.8M
Q1 25
$-2.7M
$-84.9M
Q4 24
$9.0M
$-266.9M
Q3 24
$-7.7M
$-63.6M
Q2 24
$7.3M
$-70.8M
Q1 24
$1.1M
FCF Margin
EML
EML
PHAT
PHAT
Q4 25
-290.0%
Q3 25
5.5%
-28.6%
Q2 25
4.3%
-159.0%
Q1 25
-4.3%
-297.9%
Q4 24
13.9%
-899.8%
Q3 24
-10.8%
-389.0%
Q2 24
10.1%
-966.2%
Q1 24
1.7%
Capex Intensity
EML
EML
PHAT
PHAT
Q4 25
0.4%
Q3 25
0.1%
0.1%
Q2 25
1.1%
0.2%
Q1 25
1.3%
0.1%
Q4 24
3.2%
0.5%
Q3 24
6.7%
0.3%
Q2 24
1.5%
0.6%
Q1 24
2.6%
Cash Conversion
EML
EML
PHAT
PHAT
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.

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