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Side-by-side financial comparison of Eton Pharmaceuticals, Inc. (ETON) and FrontView REIT, Inc. (FVR). Click either name above to swap in a different company.

Eton Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($21.3M vs $18.2M, roughly 1.2× FrontView REIT, Inc.). Eton Pharmaceuticals, Inc. runs the higher net margin — 7.0% vs 2.2%, a 4.8% gap on every dollar of revenue. On growth, Eton Pharmaceuticals, Inc. posted the faster year-over-year revenue change (82.7% vs 12.0%).

Eton Pharmaceuticals, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative therapies for rare diseases, pediatric care and hospital care segments. It mainly operates in the U.S. market, partnering with medical stakeholders to deliver accessible high-quality treatments to underserved patients.

ETON vs FVR — Head-to-Head

Bigger by revenue
ETON
ETON
1.2× larger
ETON
$21.3M
$18.2M
FVR
Growing faster (revenue YoY)
ETON
ETON
+70.8% gap
ETON
82.7%
12.0%
FVR
Higher net margin
ETON
ETON
4.8% more per $
ETON
7.0%
2.2%
FVR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ETON
ETON
FVR
FVR
Revenue
$21.3M
$18.2M
Net Profit
$1.5M
$400.0K
Gross Margin
61.6%
Operating Margin
11.6%
24.9%
Net Margin
7.0%
2.2%
Revenue YoY
82.7%
12.0%
Net Profit YoY
348.0%
EPS (diluted)

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
ETON
ETON
FVR
FVR
Q1 26
$18.2M
Q4 25
$21.3M
$16.5M
Q3 25
$22.5M
$16.8M
Q2 25
$18.9M
$17.6M
Q1 25
$17.3M
$16.2M
Q4 24
$11.6M
Q3 24
$10.3M
$14.5M
Q2 24
$9.1M
Net Profit
ETON
ETON
FVR
FVR
Q1 26
$400.0K
Q4 25
$1.5M
$-4.1M
Q3 25
$-1.9M
$4.0M
Q2 25
$-2.6M
$-2.9M
Q1 25
$-1.6M
$-833.0K
Q4 24
$-598.0K
Q3 24
$627.0K
$-2.4M
Q2 24
$-3.0M
Gross Margin
ETON
ETON
FVR
FVR
Q1 26
Q4 25
61.6%
Q3 25
35.0%
Q2 25
63.0%
Q1 25
57.1%
Q4 24
55.6%
Q3 24
61.0%
Q2 24
62.0%
Operating Margin
ETON
ETON
FVR
FVR
Q1 26
24.9%
Q4 25
11.6%
Q3 25
-6.1%
Q2 25
-7.8%
Q1 25
-2.7%
Q4 24
5.4%
Q3 24
4.9%
Q2 24
-32.3%
Net Margin
ETON
ETON
FVR
FVR
Q1 26
2.2%
Q4 25
7.0%
-24.9%
Q3 25
-8.6%
23.9%
Q2 25
-13.7%
-16.5%
Q1 25
-9.1%
-5.1%
Q4 24
-5.1%
Q3 24
6.1%
-16.7%
Q2 24
-33.5%
EPS (diluted)
ETON
ETON
FVR
FVR
Q1 26
Q4 25
$-0.19
Q3 25
$-0.07
$0.19
Q2 25
$-0.16
Q1 25
$-0.06
Q4 24
Q3 24
$0.02
Q2 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
ETON
ETON
FVR
FVR
Cash + ST InvestmentsLiquidity on hand
$25.9M
$9.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.2M
$514.2M
Total Assets
$92.1M
$869.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETON
ETON
FVR
FVR
Q1 26
$9.3M
Q4 25
$25.9M
$13.5M
Q3 25
$37.1M
$19.6M
Q2 25
$25.4M
$8.4M
Q1 25
$17.4M
$3.3M
Q4 24
$14.9M
Q3 24
$20.3M
Q2 24
$17.7M
Total Debt
ETON
ETON
FVR
FVR
Q1 26
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$30.0M
$310.2M
Q4 24
$29.8M
Q3 24
Q2 24
Stockholders' Equity
ETON
ETON
FVR
FVR
Q1 26
$514.2M
Q4 25
$26.2M
$391.2M
Q3 25
$23.1M
$385.2M
Q2 25
$24.0M
$369.9M
Q1 25
$24.4M
$324.7M
Q4 24
$24.4M
Q3 24
$16.0M
$1.0K
Q2 24
$13.5M
Total Assets
ETON
ETON
FVR
FVR
Q1 26
$869.8M
Q4 25
$92.1M
$854.4M
Q3 25
$104.5M
$846.8M
Q2 25
$101.7M
$856.5M
Q1 25
$84.0M
$860.8M
Q4 24
$76.1M
Q3 24
$35.8M
$1.0K
Q2 24
$31.8M
Debt / Equity
ETON
ETON
FVR
FVR
Q1 26
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
1.23×
0.96×
Q4 24
1.22×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ETON
ETON
FVR
FVR
Operating Cash FlowLast quarter
$-11.6M
Free Cash FlowOCF − Capex
$-11.6M
FCF MarginFCF / Revenue
-54.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
-7.79×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETON
ETON
FVR
FVR
Q1 26
Q4 25
$-11.6M
$42.1M
Q3 25
$12.0M
$8.3M
Q2 25
$8.0M
$9.3M
Q1 25
$2.1M
$8.1M
Q4 24
$-765.0K
Q3 24
$3.0M
Q2 24
$1.3M
Free Cash Flow
ETON
ETON
FVR
FVR
Q1 26
Q4 25
$-11.6M
Q3 25
$11.7M
Q2 25
Q1 25
Q4 24
$-777.0K
Q3 24
Q2 24
FCF Margin
ETON
ETON
FVR
FVR
Q1 26
Q4 25
-54.5%
Q3 25
52.3%
Q2 25
Q1 25
Q4 24
-6.7%
Q3 24
Q2 24
Capex Intensity
ETON
ETON
FVR
FVR
Q1 26
Q4 25
0.2%
Q3 25
1.3%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Cash Conversion
ETON
ETON
FVR
FVR
Q1 26
Q4 25
-7.79×
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
4.71×
Q2 24

Financial Flow Comparison

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

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