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Side-by-side financial comparison of Eton Pharmaceuticals, Inc. (ETON) and Ponce Financial Group, Inc. (PDLB). Click either name above to swap in a different company.

Ponce Financial Group, Inc. is the larger business by last-quarter revenue ($31.4M vs $21.3M, roughly 1.5× Eton Pharmaceuticals, Inc.). Ponce Financial Group, Inc. runs the higher net margin — 36.3% vs 7.0%, a 29.3% gap on every dollar of revenue. On growth, Eton Pharmaceuticals, Inc. posted the faster year-over-year revenue change (82.7% vs 37.6%). Ponce Financial Group, Inc. produced more free cash flow last quarter ($54.6M vs $-11.6M). Over the past eight quarters, Eton Pharmaceuticals, Inc.'s revenue compounded faster (63.4% CAGR vs 23.7%).

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.

Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.

ETON vs PDLB — Head-to-Head

Bigger by revenue
PDLB
PDLB
1.5× larger
PDLB
$31.4M
$21.3M
ETON
Growing faster (revenue YoY)
ETON
ETON
+45.1% gap
ETON
82.7%
37.6%
PDLB
Higher net margin
PDLB
PDLB
29.3% more per $
PDLB
36.3%
7.0%
ETON
More free cash flow
PDLB
PDLB
$66.2M more FCF
PDLB
$54.6M
$-11.6M
ETON
Faster 2-yr revenue CAGR
ETON
ETON
Annualised
ETON
63.4%
23.7%
PDLB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ETON
ETON
PDLB
PDLB
Revenue
$21.3M
$31.4M
Net Profit
$1.5M
$10.1M
Gross Margin
61.6%
Operating Margin
11.6%
43.6%
Net Margin
7.0%
36.3%
Revenue YoY
82.7%
37.6%
Net Profit YoY
348.0%
245.6%
EPS (diluted)
$0.43

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
PDLB
PDLB
Q4 25
$21.3M
$31.4M
Q3 25
$22.5M
$26.7M
Q2 25
$18.9M
$26.5M
Q1 25
$17.3M
$24.6M
Q4 24
$11.6M
$22.8M
Q3 24
$10.3M
$20.2M
Q2 24
$9.1M
$20.2M
Q1 24
$8.0M
$20.5M
Net Profit
ETON
ETON
PDLB
PDLB
Q4 25
$1.5M
$10.1M
Q3 25
$-1.9M
$6.5M
Q2 25
$-2.6M
$6.1M
Q1 25
$-1.6M
$6.0M
Q4 24
$-598.0K
$2.9M
Q3 24
$627.0K
$2.4M
Q2 24
$-3.0M
$3.2M
Q1 24
$-811.0K
$2.4M
Gross Margin
ETON
ETON
PDLB
PDLB
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%
Q1 24
62.9%
Operating Margin
ETON
ETON
PDLB
PDLB
Q4 25
11.6%
43.6%
Q3 25
-6.1%
32.8%
Q2 25
-7.8%
30.2%
Q1 25
-2.7%
32.5%
Q4 24
5.4%
19.6%
Q3 24
4.9%
15.2%
Q2 24
-32.3%
21.8%
Q1 24
-10.0%
18.3%
Net Margin
ETON
ETON
PDLB
PDLB
Q4 25
7.0%
36.3%
Q3 25
-8.6%
24.3%
Q2 25
-13.7%
23.0%
Q1 25
-9.1%
24.2%
Q4 24
-5.1%
14.1%
Q3 24
6.1%
12.1%
Q2 24
-33.5%
15.8%
Q1 24
-10.2%
11.8%
EPS (diluted)
ETON
ETON
PDLB
PDLB
Q4 25
$0.43
Q3 25
$-0.07
$0.27
Q2 25
$0.25
Q1 25
$0.25
Q4 24
$0.11
Q3 24
$0.02
$0.10
Q2 24
$-0.12
$0.14
Q1 24
$-0.03
$0.11

Balance Sheet & Financial Strength

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

Metric
ETON
ETON
PDLB
PDLB
Cash + ST InvestmentsLiquidity on hand
$25.9M
$126.2M
Total DebtLower is stronger
$596.1M
Stockholders' EquityBook value
$26.2M
$541.5M
Total Assets
$92.1M
$3.2B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETON
ETON
PDLB
PDLB
Q4 25
$25.9M
$126.2M
Q3 25
$37.1M
$146.6M
Q2 25
$25.4M
$126.6M
Q1 25
$17.4M
$129.9M
Q4 24
$14.9M
$139.8M
Q3 24
$20.3M
$155.8M
Q2 24
$17.7M
$103.2M
Q1 24
$16.7M
$134.7M
Total Debt
ETON
ETON
PDLB
PDLB
Q4 25
$596.1M
Q3 25
$521.1M
Q2 25
$536.1M
Q1 25
$30.0M
$521.1M
Q4 24
$29.8M
$596.1M
Q3 24
$580.4M
Q2 24
$680.4M
Q1 24
$680.4M
Stockholders' Equity
ETON
ETON
PDLB
PDLB
Q4 25
$26.2M
$541.5M
Q3 25
$23.1M
$529.8M
Q2 25
$24.0M
$521.1M
Q1 25
$24.4M
$513.9M
Q4 24
$24.4M
$505.5M
Q3 24
$16.0M
$504.6M
Q2 24
$13.5M
$497.7M
Q1 24
$15.5M
$493.7M
Total Assets
ETON
ETON
PDLB
PDLB
Q4 25
$92.1M
$3.2B
Q3 25
$104.5M
$3.2B
Q2 25
$101.7M
$3.2B
Q1 25
$84.0M
$3.1B
Q4 24
$76.1M
$3.0B
Q3 24
$35.8M
$3.0B
Q2 24
$31.8M
$2.8B
Q1 24
$30.8M
$2.8B
Debt / Equity
ETON
ETON
PDLB
PDLB
Q4 25
1.10×
Q3 25
0.98×
Q2 25
1.03×
Q1 25
1.23×
1.01×
Q4 24
1.22×
1.18×
Q3 24
1.15×
Q2 24
1.37×
Q1 24
1.38×

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
PDLB
PDLB
Operating Cash FlowLast quarter
$-11.6M
$55.6M
Free Cash FlowOCF − Capex
$-11.6M
$54.6M
FCF MarginFCF / Revenue
-54.5%
173.9%
Capex IntensityCapex / Revenue
0.2%
3.1%
Cash ConversionOCF / Net Profit
-7.79×
5.48×
TTM Free Cash FlowTrailing 4 quarters
$74.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETON
ETON
PDLB
PDLB
Q4 25
$-11.6M
$55.6M
Q3 25
$12.0M
$1.4M
Q2 25
$8.0M
$6.2M
Q1 25
$2.1M
$13.1M
Q4 24
$-765.0K
$7.2M
Q3 24
$3.0M
$-14.6M
Q2 24
$1.3M
$-2.6M
Q1 24
$-2.5M
$1.5M
Free Cash Flow
ETON
ETON
PDLB
PDLB
Q4 25
$-11.6M
$54.6M
Q3 25
$11.7M
$786.0K
Q2 25
$5.9M
Q1 25
$12.9M
Q4 24
$-777.0K
$4.5M
Q3 24
$-15.0M
Q2 24
$-2.6M
Q1 24
$-2.5M
$-315.0K
FCF Margin
ETON
ETON
PDLB
PDLB
Q4 25
-54.5%
173.9%
Q3 25
52.3%
2.9%
Q2 25
22.4%
Q1 25
52.6%
Q4 24
-6.7%
19.7%
Q3 24
-74.1%
Q2 24
-13.0%
Q1 24
-31.2%
-1.5%
Capex Intensity
ETON
ETON
PDLB
PDLB
Q4 25
0.2%
3.1%
Q3 25
1.3%
2.3%
Q2 25
0.0%
1.0%
Q1 25
0.0%
0.6%
Q4 24
0.1%
11.9%
Q3 24
0.0%
2.0%
Q2 24
0.0%
0.3%
Q1 24
0.2%
8.7%
Cash Conversion
ETON
ETON
PDLB
PDLB
Q4 25
-7.79×
5.48×
Q3 25
0.21×
Q2 25
1.01×
Q1 25
2.20×
Q4 24
2.46×
Q3 24
4.71×
-5.99×
Q2 24
-0.80×
Q1 24
0.61×

Financial Flow Comparison

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

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