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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and First Bancorp, Inc (FNLC). Click either name above to swap in a different company.

First Bancorp, Inc is the larger business by last-quarter revenue ($25.8M vs $13.8M, roughly 1.9× FENNEC PHARMACEUTICALS INC.). First Bancorp, Inc runs the higher net margin — 39.4% vs -34.7%, a 74.1% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 17.5%). Over the past eight quarters, First Bancorp, Inc's revenue compounded faster (18.1% CAGR vs -26.3%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

FENC vs FNLC — Head-to-Head

Bigger by revenue
FNLC
FNLC
1.9× larger
FNLC
$25.8M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+56.3% gap
FENC
73.8%
17.5%
FNLC
Higher net margin
FNLC
FNLC
74.1% more per $
FNLC
39.4%
-34.7%
FENC
Faster 2-yr revenue CAGR
FNLC
FNLC
Annualised
FNLC
18.1%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
FNLC
FNLC
Revenue
$13.8M
$25.8M
Net Profit
$-4.8M
$10.2M
Gross Margin
Operating Margin
-18.5%
48.1%
Net Margin
-34.7%
39.4%
Revenue YoY
73.8%
17.5%
Net Profit YoY
-141.1%
39.7%
EPS (diluted)
$-0.17
$0.91

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
FENC
FENC
FNLC
FNLC
Q4 25
$13.8M
$25.8M
Q3 25
$12.5M
$24.5M
Q2 25
$9.7M
$22.5M
Q1 25
$8.8M
$21.8M
Q4 24
$7.9M
$22.0M
Q3 24
$7.0M
$20.5M
Q2 24
$7.3M
$19.2M
Q1 24
$25.4M
$18.5M
Net Profit
FENC
FENC
FNLC
FNLC
Q4 25
$-4.8M
$10.2M
Q3 25
$-638.0K
$9.1M
Q2 25
$-3.2M
$8.1M
Q1 25
$-1.2M
$7.1M
Q4 24
$-2.0M
$7.3M
Q3 24
$-5.7M
$7.6M
Q2 24
$-5.6M
$6.2M
Q1 24
$12.8M
$6.0M
Operating Margin
FENC
FENC
FNLC
FNLC
Q4 25
-18.5%
48.1%
Q3 25
-1.5%
45.2%
Q2 25
-28.3%
43.7%
Q1 25
-9.2%
39.3%
Q4 24
-11.8%
39.5%
Q3 24
-74.6%
44.6%
Q2 24
-69.4%
38.8%
Q1 24
54.2%
39.3%
Net Margin
FENC
FENC
FNLC
FNLC
Q4 25
-34.7%
39.4%
Q3 25
-5.1%
37.0%
Q2 25
-32.7%
35.8%
Q1 25
-13.3%
32.5%
Q4 24
-25.0%
33.1%
Q3 24
-82.2%
36.9%
Q2 24
-76.5%
32.1%
Q1 24
50.6%
32.5%
EPS (diluted)
FENC
FENC
FNLC
FNLC
Q4 25
$-0.17
$0.91
Q3 25
$-0.02
$0.81
Q2 25
$-0.11
$0.72
Q1 25
$-0.04
$0.63
Q4 24
$-0.02
$0.66
Q3 24
$-0.21
$0.68
Q2 24
$-0.20
$0.55
Q1 24
$0.41
$0.54

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
FNLC
FNLC
Cash + ST InvestmentsLiquidity on hand
$36.8M
Total DebtLower is stronger
$95.5M
Stockholders' EquityBook value
$35.5M
$283.1M
Total Assets
$70.6M
$3.2B
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
FNLC
FNLC
Q4 25
$36.8M
Q3 25
$21.9M
Q2 25
$18.7M
Q1 25
$22.7M
Q4 24
$26.6M
Q3 24
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
FENC
FENC
FNLC
FNLC
Q4 25
$95.5M
Q3 25
$19.4M
$95.5M
Q2 25
$19.4M
$95.0M
Q1 25
$19.4M
$70.0M
Q4 24
$19.3M
$95.0M
Q3 24
$32.1M
$95.0M
Q2 24
$31.8M
$70.0M
Q1 24
$31.3M
$70.0M
Stockholders' Equity
FENC
FENC
FNLC
FNLC
Q4 25
$35.5M
$283.1M
Q3 25
$-4.5M
$274.6M
Q2 25
$-7.5M
$265.5M
Q1 25
$-5.9M
$259.7M
Q4 24
$-5.9M
$252.5M
Q3 24
$-5.2M
$256.8M
Q2 24
$-1.4M
$244.7M
Q1 24
$3.0M
$242.6M
Total Assets
FENC
FENC
FNLC
FNLC
Q4 25
$70.6M
$3.2B
Q3 25
$49.3M
$3.2B
Q2 25
$44.9M
$3.2B
Q1 25
$46.4M
$3.2B
Q4 24
$44.9M
$3.2B
Q3 24
$58.9M
$3.1B
Q2 24
$63.2M
$3.1B
Q1 24
$69.2M
$3.0B
Debt / Equity
FENC
FENC
FNLC
FNLC
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.37×
Q2 24
0.29×
Q1 24
10.40×
0.29×

Cash Flow & Capital Efficiency

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

Metric
FENC
FENC
FNLC
FNLC
Operating Cash FlowLast quarter
$-6.0M
$37.8M
Free Cash FlowOCF − Capex
$34.6M
FCF MarginFCF / Revenue
133.9%
Capex IntensityCapex / Revenue
12.5%
Cash ConversionOCF / Net Profit
3.72×
TTM Free Cash FlowTrailing 4 quarters
$55.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
FNLC
FNLC
Q4 25
$-6.0M
$37.8M
Q3 25
$1.5M
$12.9M
Q2 25
$-3.7M
$7.4M
Q1 25
$-4.3M
$2.2M
Q4 24
$-1.5M
$26.0M
Q3 24
$-2.2M
$9.8M
Q2 24
$-8.4M
$6.4M
Q1 24
$39.0M
$-1.5M
Free Cash Flow
FENC
FENC
FNLC
FNLC
Q4 25
$34.6M
Q3 25
$12.6M
Q2 25
$7.2M
Q1 25
$828.0K
Q4 24
$24.6M
Q3 24
$9.6M
Q2 24
$6.3M
Q1 24
$-1.8M
FCF Margin
FENC
FENC
FNLC
FNLC
Q4 25
133.9%
Q3 25
51.4%
Q2 25
32.1%
Q1 25
3.8%
Q4 24
111.7%
Q3 24
47.0%
Q2 24
32.9%
Q1 24
-9.8%
Capex Intensity
FENC
FENC
FNLC
FNLC
Q4 25
12.5%
Q3 25
1.2%
Q2 25
0.6%
Q1 25
6.2%
Q4 24
6.7%
Q3 24
0.5%
Q2 24
0.3%
Q1 24
1.8%
Cash Conversion
FENC
FENC
FNLC
FNLC
Q4 25
3.72×
Q3 25
1.42×
Q2 25
0.91×
Q1 25
0.31×
Q4 24
3.58×
Q3 24
1.29×
Q2 24
1.03×
Q1 24
3.04×
-0.25×

Financial Flow Comparison

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

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