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

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $10.0M, roughly 1.8× Evommune, Inc.). Simulations Plus, Inc. runs the higher net margin — 3.7% vs -124.8%, a 128.4% gap on every dollar of revenue.

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.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

EVMN vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.8× larger
SLP
$18.4M
$10.0M
EVMN
Higher net margin
SLP
SLP
128.4% more per $
SLP
3.7%
-124.8%
EVMN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
EVMN
EVMN
SLP
SLP
Revenue
$10.0M
$18.4M
Net Profit
$-12.5M
$676.0K
Gross Margin
59.1%
Operating Margin
-133.3%
3.9%
Net Margin
-124.8%
3.7%
Revenue YoY
-2.7%
Net Profit YoY
228.2%
EPS (diluted)
$-8.07
$0.03

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
SLP
SLP
Q4 25
$18.4M
Q3 25
$10.0M
$17.5M
Q2 25
$20.4M
Q1 25
$22.4M
Q4 24
$18.9M
Q3 24
$18.7M
Q2 24
$18.5M
Q1 24
$18.3M
Net Profit
EVMN
EVMN
SLP
SLP
Q4 25
$676.0K
Q3 25
$-12.5M
$-681.0K
Q2 25
$-67.3M
Q1 25
$3.1M
Q4 24
$206.0K
Q3 24
$843.0K
Q2 24
$3.1M
Q1 24
$4.0M
Gross Margin
EVMN
EVMN
SLP
SLP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
EVMN
EVMN
SLP
SLP
Q4 25
3.9%
Q3 25
-133.3%
3.8%
Q2 25
-364.5%
Q1 25
12.1%
Q4 24
0.7%
Q3 24
-6.2%
Q2 24
10.1%
Q1 24
24.3%
Net Margin
EVMN
EVMN
SLP
SLP
Q4 25
3.7%
Q3 25
-124.8%
-3.9%
Q2 25
-330.6%
Q1 25
13.7%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
16.9%
Q1 24
22.0%
EPS (diluted)
EVMN
EVMN
SLP
SLP
Q4 25
$0.03
Q3 25
$-8.07
$-0.03
Q2 25
$-3.35
Q1 25
$0.15
Q4 24
$0.01
Q3 24
$0.04
Q2 24
$0.15
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
EVMN
EVMN
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$76.1M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-183.1M
$127.1M
Total Assets
$84.5M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVMN
EVMN
SLP
SLP
Q4 25
$35.7M
Q3 25
$76.1M
$32.4M
Q2 25
$28.4M
Q1 25
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Stockholders' Equity
EVMN
EVMN
SLP
SLP
Q4 25
$127.1M
Q3 25
$-183.1M
$124.8M
Q2 25
$123.8M
Q1 25
$189.5M
Q4 24
$184.7M
Q3 24
$182.4M
Q2 24
$180.9M
Q1 24
$177.0M
Total Assets
EVMN
EVMN
SLP
SLP
Q4 25
$137.8M
Q3 25
$84.5M
$131.9M
Q2 25
$134.4M
Q1 25
$201.4M
Q4 24
$196.9M
Q3 24
$196.6M
Q2 24
$192.7M
Q1 24
$194.0M

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
SLP
SLP
Operating Cash FlowLast quarter
$-59.7M
$4.2M
Free Cash FlowOCF − Capex
$-59.9M
FCF MarginFCF / Revenue
-598.7%
Capex IntensityCapex / Revenue
1.3%
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVMN
EVMN
SLP
SLP
Q4 25
$4.2M
Q3 25
$-59.7M
$5.6M
Q2 25
$8.1M
Q1 25
$5.7M
Q4 24
$-1.3M
Q3 24
$1.7M
Q2 24
$5.7M
Q1 24
$5.8M
Free Cash Flow
EVMN
EVMN
SLP
SLP
Q4 25
Q3 25
$-59.9M
$5.3M
Q2 25
$7.8M
Q1 25
$5.6M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$5.4M
FCF Margin
EVMN
EVMN
SLP
SLP
Q4 25
Q3 25
-598.7%
30.5%
Q2 25
38.5%
Q1 25
25.0%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
29.4%
Capex Intensity
EVMN
EVMN
SLP
SLP
Q4 25
0.0%
Q3 25
1.3%
1.5%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
2.4%
Cash Conversion
EVMN
EVMN
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVMN
EVMN

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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