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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Five Point Holdings, LLC (FPH). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $13.6M, roughly 1.0× Five Point Holdings, LLC). Five Point Holdings, LLC runs the higher net margin — -16.4% vs -34.7%, a 18.3% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 3.2%). Over the past eight quarters, FENNEC PHARMACEUTICALS INC.'s revenue compounded faster (-26.3% CAGR vs -48.5%).

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.

Five Point Holdings, LLC is a leading U.S. real estate development company that focuses on planning and constructing large-scale master-planned mixed-use communities in high-demand markets across California. Its projects integrate residential housing, commercial office spaces, retail outlets, public amenities and recreational facilities to build vibrant, sustainable living and working environments for local populations.

FENC vs FPH — Head-to-Head

Bigger by revenue
FENC
FENC
1.0× larger
FENC
$13.8M
$13.6M
FPH
Growing faster (revenue YoY)
FENC
FENC
+70.6% gap
FENC
73.8%
3.2%
FPH
Higher net margin
FPH
FPH
18.3% more per $
FPH
-16.4%
-34.7%
FENC
Faster 2-yr revenue CAGR
FENC
FENC
Annualised
FENC
-26.3%
-48.5%
FPH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FENC
FENC
FPH
FPH
Revenue
$13.8M
$13.6M
Net Profit
$-4.8M
$-2.2M
Gross Margin
Operating Margin
-18.5%
-43.5%
Net Margin
-34.7%
-16.4%
Revenue YoY
73.8%
3.2%
Net Profit YoY
-141.1%
-109.6%
EPS (diluted)
$-0.17

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
FENC
FENC
FPH
FPH
Q1 26
$13.6M
Q4 25
$13.8M
$75.9M
Q3 25
$12.5M
$13.5M
Q2 25
$9.7M
$7.5M
Q1 25
$8.8M
$13.2M
Q4 24
$7.9M
$159.8M
Q3 24
$7.0M
$17.0M
Q2 24
$7.3M
$51.2M
Net Profit
FENC
FENC
FPH
FPH
Q1 26
$-2.2M
Q4 25
$-4.8M
$58.7M
Q3 25
$-638.0K
$21.1M
Q2 25
$-3.2M
$3.3M
Q1 25
$-1.2M
$23.3M
Q4 24
$-2.0M
$121.0M
Q3 24
$-5.7M
$4.8M
Q2 24
$-5.6M
$14.7M
Operating Margin
FENC
FENC
FPH
FPH
Q1 26
-43.5%
Q4 25
-18.5%
89.0%
Q3 25
-1.5%
Q2 25
-28.3%
Q1 25
-9.2%
Q4 24
-11.8%
87.5%
Q3 24
-74.6%
83.6%
Q2 24
-69.4%
86.1%
Net Margin
FENC
FENC
FPH
FPH
Q1 26
-16.4%
Q4 25
-34.7%
77.3%
Q3 25
-5.1%
156.2%
Q2 25
-32.7%
44.4%
Q1 25
-13.3%
177.0%
Q4 24
-25.0%
75.7%
Q3 24
-82.2%
28.0%
Q2 24
-76.5%
28.8%
EPS (diluted)
FENC
FENC
FPH
FPH
Q1 26
Q4 25
$-0.17
Q3 25
$-0.02
Q2 25
$-0.11
Q1 25
$-0.04
Q4 24
$-0.02
Q3 24
$-0.21
Q2 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
FPH
FPH
Cash + ST InvestmentsLiquidity on hand
$36.8M
$332.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$2.3B
Total Assets
$70.6M
$3.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
FPH
FPH
Q1 26
$332.6M
Q4 25
$36.8M
$425.5M
Q3 25
$21.9M
$351.1M
Q2 25
$18.7M
$456.6M
Q1 25
$22.7M
$528.3M
Q4 24
$26.6M
$430.9M
Q3 24
$40.3M
$224.5M
Q2 24
$43.1M
$217.4M
Total Debt
FENC
FENC
FPH
FPH
Q1 26
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Stockholders' Equity
FENC
FENC
FPH
FPH
Q1 26
$2.3B
Q4 25
$35.5M
$2.3B
Q3 25
$-4.5M
$2.3B
Q2 25
$-7.5M
$2.2B
Q1 25
$-5.9M
$2.2B
Q4 24
$-5.9M
$2.2B
Q3 24
$-5.2M
$2.0B
Q2 24
$-1.4M
$2.0B
Total Assets
FENC
FENC
FPH
FPH
Q1 26
$3.2B
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
$3.1B
Q3 24
$58.9M
$2.9B
Q2 24
$63.2M
$2.9B

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
FPH
FPH
Operating Cash FlowLast quarter
$-6.0M
$-44.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
FPH
FPH
Q1 26
$-44.5M
Q4 25
$-6.0M
$105.2M
Q3 25
$1.5M
$40.4M
Q2 25
$-3.7M
$-71.6M
Q1 25
$-4.3M
$56.7M
Q4 24
$-1.5M
$116.0M
Q3 24
$-2.2M
$-18.0M
Q2 24
$-8.4M
$-23.2M
Free Cash Flow
FENC
FENC
FPH
FPH
Q1 26
Q4 25
$105.0M
Q3 25
Q2 25
$-71.7M
Q1 25
$56.7M
Q4 24
$115.2M
Q3 24
$-18.2M
Q2 24
$-23.6M
FCF Margin
FENC
FENC
FPH
FPH
Q1 26
Q4 25
138.4%
Q3 25
Q2 25
-959.3%
Q1 25
430.9%
Q4 24
72.1%
Q3 24
-106.9%
Q2 24
-46.1%
Capex Intensity
FENC
FENC
FPH
FPH
Q1 26
0.0%
Q4 25
0.3%
Q3 25
0.0%
Q2 25
0.8%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
1.3%
Q2 24
0.7%
Cash Conversion
FENC
FENC
FPH
FPH
Q1 26
Q4 25
1.79×
Q3 25
1.92×
Q2 25
-21.58×
Q1 25
2.44×
Q4 24
0.96×
Q3 24
-3.77×
Q2 24
-1.58×

Financial Flow Comparison

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

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