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Side-by-side financial comparison of Fortress Biotech, Inc. (FBIO) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $16.1M, roughly 1.1× Fortress Biotech, Inc.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -24.5%, a 91.8% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 6.3%).

Fortress Biotech Inc., commonly known as Fortress Bio, is a biopharmaceutical company that acquires, develops, and commercializes innovative pharmaceutical and biotechnology products. Led by CEO Lindsay A. Rosenwald, M.D., Fortress and most of its subsidiary companies are headquartered in Bay Harbor Islands, Florida.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

FBIO vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.1× larger
SLGL
$17.3M
$16.1M
FBIO
Growing faster (revenue YoY)
SLGL
SLGL
+211.4% gap
SLGL
217.7%
6.3%
FBIO
Higher net margin
SLGL
SLGL
91.8% more per $
SLGL
67.3%
-24.5%
FBIO

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FBIO
FBIO
SLGL
SLGL
Revenue
$16.1M
$17.3M
Net Profit
$-3.9M
$11.6M
Gross Margin
66.1%
Operating Margin
-28.8%
65.1%
Net Margin
-24.5%
67.3%
Revenue YoY
6.3%
217.7%
Net Profit YoY
41.8%
487.6%
EPS (diluted)
$-0.15
$4.17

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
FBIO
FBIO
SLGL
SLGL
Q4 25
$16.1M
Q3 25
$17.6M
Q2 25
$16.4M
$17.3M
Q1 25
$13.1M
Q4 24
$15.1M
Q3 24
$14.6M
Q2 24
$14.9M
$5.4M
Q1 24
$13.0M
Net Profit
FBIO
FBIO
SLGL
SLGL
Q4 25
$-3.9M
Q3 25
$5.8M
Q2 25
$15.5M
$11.6M
Q1 25
$-10.6M
Q4 24
$-6.8M
Q3 24
$-12.9M
Q2 24
$-10.9M
$2.0M
Q1 24
$-15.4M
Gross Margin
FBIO
FBIO
SLGL
SLGL
Q4 25
66.1%
Q3 25
67.4%
Q2 25
69.9%
Q1 25
63.5%
Q4 24
69.1%
Q3 24
69.4%
Q2 24
61.6%
Q1 24
53.9%
Operating Margin
FBIO
FBIO
SLGL
SLGL
Q4 25
-28.8%
Q3 25
-38.6%
Q2 25
-222.2%
65.1%
Q1 25
-169.9%
Q4 24
-158.3%
Q3 24
-151.0%
Q2 24
-186.5%
29.9%
Q1 24
-280.6%
Net Margin
FBIO
FBIO
SLGL
SLGL
Q4 25
-24.5%
Q3 25
33.2%
Q2 25
94.4%
67.3%
Q1 25
-80.6%
Q4 24
-44.7%
Q3 24
-88.0%
Q2 24
-73.5%
36.4%
Q1 24
-118.3%
EPS (diluted)
FBIO
FBIO
SLGL
SLGL
Q4 25
$-0.15
Q3 25
$0.11
Q2 25
$0.45
$4.17
Q1 25
$-0.48
Q4 24
$-0.16
Q3 24
$-0.76
Q2 24
$-0.73
$0.71
Q1 24
$-1.04

Balance Sheet & Financial Strength

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

Metric
FBIO
FBIO
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$79.4M
$24.3M
Total DebtLower is stronger
$52.4M
Stockholders' EquityBook value
$49.9M
$31.9M
Total Assets
$185.5M
$39.3M
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBIO
FBIO
SLGL
SLGL
Q4 25
$79.4M
Q3 25
$86.2M
Q2 25
$74.4M
$24.3M
Q1 25
$91.3M
Q4 24
$57.3M
Q3 24
$58.9M
Q2 24
$76.2M
$26.5M
Q1 24
$83.8M
Total Debt
FBIO
FBIO
SLGL
SLGL
Q4 25
$52.4M
Q3 25
$47.8M
Q2 25
$50.0M
Q1 25
$56.4M
Q4 24
$58.0M
Q3 24
$52.5M
Q2 24
$67.0M
Q1 24
$61.4M
Stockholders' Equity
FBIO
FBIO
SLGL
SLGL
Q4 25
$49.9M
Q3 25
$55.9M
Q2 25
$43.9M
$31.9M
Q1 25
$22.3M
Q4 24
$22.7M
Q3 24
$21.2M
Q2 24
$17.9M
$34.9M
Q1 24
$23.0M
Total Assets
FBIO
FBIO
SLGL
SLGL
Q4 25
$185.5M
Q3 25
$181.4M
Q2 25
$159.9M
$39.3M
Q1 25
$178.1M
Q4 24
$144.2M
Q3 24
$127.1M
Q2 24
$145.7M
$42.0M
Q1 24
$164.6M
Debt / Equity
FBIO
FBIO
SLGL
SLGL
Q4 25
1.05×
Q3 25
0.86×
Q2 25
1.14×
Q1 25
2.53×
Q4 24
2.55×
Q3 24
2.48×
Q2 24
3.75×
Q1 24
2.67×

Cash Flow & Capital Efficiency

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

Metric
FBIO
FBIO
SLGL
SLGL
Operating Cash FlowLast quarter
$-12.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBIO
FBIO
SLGL
SLGL
Q4 25
$-12.5M
Q3 25
$-6.1M
Q2 25
$-27.6M
Q1 25
$-19.6M
Q4 24
$-12.9M
Q3 24
$-20.1M
Q2 24
$-21.8M
Q1 24
$-25.4M
Capex Intensity
FBIO
FBIO
SLGL
SLGL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
FBIO
FBIO
SLGL
SLGL
Q4 25
Q3 25
-1.04×
Q2 25
-1.78×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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