vs

Side-by-side financial comparison of Evommune, Inc. (EVMN) and Finward Bancorp (FNWD). Click either name above to swap in a different company.

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $10.0M, roughly 1.7× Evommune, Inc.). Finward Bancorp runs the higher net margin — 12.0% vs -124.8%, a 136.8% gap on every dollar of revenue. Finward Bancorp produced more free cash flow last quarter ($9.0M vs $-59.9M).

Evommune, Inc. is a clinical-stage biotechnology company focused on developing innovative therapies for chronic inflammatory and immunological diseases. Its pipeline includes novel candidates targeting unmet medical needs for conditions such as atopic dermatitis, psoriasis, and other immune-mediated disorders, primarily serving global healthcare markets.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

EVMN vs FNWD — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.7× larger
FNWD
$16.5M
$10.0M
EVMN
Higher net margin
FNWD
FNWD
136.8% more per $
FNWD
12.0%
-124.8%
EVMN
More free cash flow
FNWD
FNWD
$68.9M more FCF
FNWD
$9.0M
$-59.9M
EVMN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EVMN
EVMN
FNWD
FNWD
Revenue
$10.0M
$16.5M
Net Profit
$-12.5M
$2.0M
Gross Margin
Operating Margin
-133.3%
11.0%
Net Margin
-124.8%
12.0%
Revenue YoY
1.1%
Net Profit YoY
-5.6%
EPS (diluted)
$-8.07
$0.46

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
EVMN
EVMN
FNWD
FNWD
Q4 25
$16.5M
Q3 25
$10.0M
$17.4M
Q2 25
$16.6M
Q1 25
$15.5M
Q4 24
$16.3M
Q3 24
$14.9M
Q2 24
$14.6M
Q1 24
$25.3M
Net Profit
EVMN
EVMN
FNWD
FNWD
Q4 25
$2.0M
Q3 25
$-12.5M
$3.5M
Q2 25
$2.2M
Q1 25
$455.0K
Q4 24
$2.1M
Q3 24
$606.0K
Q2 24
$143.0K
Q1 24
$9.3M
Operating Margin
EVMN
EVMN
FNWD
FNWD
Q4 25
11.0%
Q3 25
-133.3%
20.5%
Q2 25
12.7%
Q1 25
4.0%
Q4 24
16.3%
Q3 24
2.7%
Q2 24
0.9%
Q1 24
40.6%
Net Margin
EVMN
EVMN
FNWD
FNWD
Q4 25
12.0%
Q3 25
-124.8%
20.1%
Q2 25
12.9%
Q1 25
2.9%
Q4 24
12.9%
Q3 24
4.1%
Q2 24
1.0%
Q1 24
36.7%
EPS (diluted)
EVMN
EVMN
FNWD
FNWD
Q4 25
$0.46
Q3 25
$-8.07
$0.81
Q2 25
$0.50
Q1 25
$0.11
Q4 24
$0.50
Q3 24
$0.14
Q2 24
$0.03
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
EVMN
EVMN
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$76.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-183.1M
$174.7M
Total Assets
$84.5M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVMN
EVMN
FNWD
FNWD
Q4 25
Q3 25
$76.1M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EVMN
EVMN
FNWD
FNWD
Q4 25
$174.7M
Q3 25
$-183.1M
$165.5M
Q2 25
$154.3M
Q1 25
$151.8M
Q4 24
$151.4M
Q3 24
$159.6M
Q2 24
$148.6M
Q1 24
$151.6M
Total Assets
EVMN
EVMN
FNWD
FNWD
Q4 25
$2.0B
Q3 25
$84.5M
$2.1B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B

Cash Flow & Capital Efficiency

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

Metric
EVMN
EVMN
FNWD
FNWD
Operating Cash FlowLast quarter
$-59.7M
$9.9M
Free Cash FlowOCF − Capex
$-59.9M
$9.0M
FCF MarginFCF / Revenue
-598.7%
54.8%
Capex IntensityCapex / Revenue
1.3%
5.2%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVMN
EVMN
FNWD
FNWD
Q4 25
$9.9M
Q3 25
$-59.7M
$1.2M
Q2 25
$4.8M
Q1 25
$-3.8M
Q4 24
$9.8M
Q3 24
$-3.7M
Q2 24
$2.8M
Q1 24
$-25.0K
Free Cash Flow
EVMN
EVMN
FNWD
FNWD
Q4 25
$9.0M
Q3 25
$-59.9M
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$1.1M
Q1 24
$-736.0K
FCF Margin
EVMN
EVMN
FNWD
FNWD
Q4 25
54.8%
Q3 25
-598.7%
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
7.6%
Q1 24
-2.9%
Capex Intensity
EVMN
EVMN
FNWD
FNWD
Q4 25
5.2%
Q3 25
1.3%
0.9%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
11.2%
Q1 24
2.8%
Cash Conversion
EVMN
EVMN
FNWD
FNWD
Q4 25
4.99×
Q3 25
0.34×
Q2 25
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

Related Comparisons