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Side-by-side financial comparison of EXELIXIS, INC. (EXEL) and Metallus Inc. (MTUS). Click either name above to swap in a different company.

EXELIXIS, INC. is the larger business by last-quarter revenue ($598.7M vs $308.3M, roughly 1.9× Metallus Inc.). EXELIXIS, INC. runs the higher net margin — 40.8% vs 1.8%, a 39.1% gap on every dollar of revenue. On growth, Metallus Inc. posted the faster year-over-year revenue change (9.9% vs 5.6%). Over the past eight quarters, EXELIXIS, INC.'s revenue compounded faster (18.7% CAGR vs 2.3%).

Exelixis, Inc. is a genomics-based drug discovery company located in Alameda, California, and the producer of Cometriq, a treatment approved by the U.S. Food and Drug Administration (FDA) for medullary thyroid cancer with clinical activity in several other types of metastatic cancer.

EXEL vs MTUS — Head-to-Head

Bigger by revenue
EXEL
EXEL
1.9× larger
EXEL
$598.7M
$308.3M
MTUS
Growing faster (revenue YoY)
MTUS
MTUS
+4.3% gap
MTUS
9.9%
5.6%
EXEL
Higher net margin
EXEL
EXEL
39.1% more per $
EXEL
40.8%
1.8%
MTUS
Faster 2-yr revenue CAGR
EXEL
EXEL
Annualised
EXEL
18.7%
2.3%
MTUS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EXEL
EXEL
MTUS
MTUS
Revenue
$598.7M
$308.3M
Net Profit
$244.5M
$5.4M
Gross Margin
95.6%
8.1%
Operating Margin
39.3%
Net Margin
40.8%
1.8%
Revenue YoY
5.6%
9.9%
Net Profit YoY
74.8%
315.4%
EPS (diluted)
$0.89
$0.13

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
EXEL
EXEL
MTUS
MTUS
Q1 26
$598.7M
$308.3M
Q4 25
$597.8M
$267.3M
Q3 25
$568.3M
$305.9M
Q2 25
$555.4M
$304.6M
Q1 25
$566.8M
$280.5M
Q4 24
$240.5M
Q3 24
$539.5M
$227.2M
Q2 24
$637.2M
$294.7M
Net Profit
EXEL
EXEL
MTUS
MTUS
Q1 26
$244.5M
$5.4M
Q4 25
$193.6M
$-14.3M
Q3 25
$184.8M
$8.1M
Q2 25
$159.6M
$3.7M
Q1 25
$139.9M
$1.3M
Q4 24
$-21.4M
Q3 24
$118.0M
$-5.9M
Q2 24
$226.1M
$4.6M
Gross Margin
EXEL
EXEL
MTUS
MTUS
Q1 26
95.6%
8.1%
Q4 25
96.9%
2.2%
Q3 25
96.6%
11.4%
Q2 25
96.5%
10.6%
Q1 25
96.5%
7.8%
Q4 24
4.5%
Q3 24
96.8%
5.3%
Q2 24
97.2%
8.2%
Operating Margin
EXEL
EXEL
MTUS
MTUS
Q1 26
39.3%
Q4 25
39.6%
-7.7%
Q3 25
37.6%
3.6%
Q2 25
33.6%
2.8%
Q1 25
28.8%
1.0%
Q4 24
-10.1%
Q3 24
25.2%
-3.1%
Q2 24
43.3%
2.1%
Net Margin
EXEL
EXEL
MTUS
MTUS
Q1 26
40.8%
1.8%
Q4 25
32.4%
-5.3%
Q3 25
32.5%
2.6%
Q2 25
28.7%
1.2%
Q1 25
24.7%
0.5%
Q4 24
-8.9%
Q3 24
21.9%
-2.6%
Q2 24
35.5%
1.6%
EPS (diluted)
EXEL
EXEL
MTUS
MTUS
Q1 26
$0.89
$0.13
Q4 25
$0.69
$-0.34
Q3 25
$0.65
$0.19
Q2 25
$0.55
$0.09
Q1 25
$0.47
$0.03
Q4 24
$-0.46
Q3 24
$0.40
$-0.13
Q2 24
$0.77
$0.10

Balance Sheet & Financial Strength

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

Metric
EXEL
EXEL
MTUS
MTUS
Cash + ST InvestmentsLiquidity on hand
$1.1B
$104.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.2B
$683.0M
Total Assets
$2.8B
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXEL
EXEL
MTUS
MTUS
Q1 26
$1.1B
$104.0M
Q4 25
$988.5M
$156.7M
Q3 25
$791.1M
$191.5M
Q2 25
$1.0B
$190.8M
Q1 25
$1.1B
$180.3M
Q4 24
$240.7M
Q3 24
$1.2B
$254.6M
Q2 24
$1.0B
$272.8M
Total Debt
EXEL
EXEL
MTUS
MTUS
Q1 26
Q4 25
Q3 25
$0
Q2 25
$0
Q1 25
$5.4M
Q4 24
$5.4M
Q3 24
$13.2M
Q2 24
$13.2M
Stockholders' Equity
EXEL
EXEL
MTUS
MTUS
Q1 26
$2.2B
$683.0M
Q4 25
$2.2B
$686.0M
Q3 25
$2.0B
$697.7M
Q2 25
$2.1B
$690.0M
Q1 25
$2.2B
$686.1M
Q4 24
$690.5M
Q3 24
$2.3B
$712.7M
Q2 24
$2.1B
$736.3M
Total Assets
EXEL
EXEL
MTUS
MTUS
Q1 26
$2.8B
$1.1B
Q4 25
$2.8B
$1.1B
Q3 25
$2.7B
$1.2B
Q2 25
$2.8B
$1.1B
Q1 25
$2.9B
$1.1B
Q4 24
$1.1B
Q3 24
$3.0B
$1.1B
Q2 24
$2.8B
$1.1B
Debt / Equity
EXEL
EXEL
MTUS
MTUS
Q1 26
Q4 25
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
0.02×
Q2 24
0.02×

Cash Flow & Capital Efficiency

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

Metric
EXEL
EXEL
MTUS
MTUS
Operating Cash FlowLast quarter
$333.5M
Free Cash FlowOCF − Capex
$332.4M
FCF MarginFCF / Revenue
55.5%
Capex IntensityCapex / Revenue
0.2%
0.0%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$875.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXEL
EXEL
MTUS
MTUS
Q1 26
$333.5M
Q4 25
$290.3M
$-1.9M
Q3 25
$49.0M
$22.0M
Q2 25
$211.4M
$34.8M
Q1 25
$240.3M
$-38.9M
Q4 24
$13.9M
Q3 24
$271.3M
$-15.3M
Q2 24
$119.5M
$8.3M
Free Cash Flow
EXEL
EXEL
MTUS
MTUS
Q1 26
$332.4M
Q4 25
$288.8M
$-37.2M
Q3 25
$46.2M
$-6.4M
Q2 25
$208.5M
$17.0M
Q1 25
$236.3M
$-66.4M
Q4 24
$-1.3M
Q3 24
$263.1M
$-32.9M
Q2 24
$113.0M
$-5.8M
FCF Margin
EXEL
EXEL
MTUS
MTUS
Q1 26
55.5%
Q4 25
48.3%
-13.9%
Q3 25
8.1%
-2.1%
Q2 25
37.5%
5.6%
Q1 25
41.7%
-23.7%
Q4 24
-0.5%
Q3 24
48.8%
-14.5%
Q2 24
17.7%
-2.0%
Capex Intensity
EXEL
EXEL
MTUS
MTUS
Q1 26
0.2%
0.0%
Q4 25
0.2%
13.2%
Q3 25
0.5%
9.3%
Q2 25
0.5%
5.8%
Q1 25
0.7%
9.8%
Q4 24
6.3%
Q3 24
1.5%
7.7%
Q2 24
1.0%
4.8%
Cash Conversion
EXEL
EXEL
MTUS
MTUS
Q1 26
1.36×
Q4 25
1.50×
Q3 25
0.27×
2.72×
Q2 25
1.32×
9.41×
Q1 25
1.72×
-29.92×
Q4 24
Q3 24
2.30×
Q2 24
0.53×
1.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXEL
EXEL

Cabometyx$544.7M91%
Collaboration$52.1M9%
Collaborative Arrangementwith Takeda$5.9M1%
Cometriq$1.8M0%

MTUS
MTUS

Segment breakdown not available.

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