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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and FIRST US BANCSHARES, INC. (FUSB). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $10.4M, roughly 1.3× FIRST US BANCSHARES, INC.). FIRST US BANCSHARES, INC. runs the higher net margin — 20.4% vs -34.7%, a 55.2% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 7.1%). Over the past eight quarters, FIRST US BANCSHARES, INC.'s revenue compounded faster (2.6% 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.

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

FENC vs FUSB — Head-to-Head

Bigger by revenue
FENC
FENC
1.3× larger
FENC
$13.8M
$10.4M
FUSB
Growing faster (revenue YoY)
FENC
FENC
+66.8% gap
FENC
73.8%
7.1%
FUSB
Higher net margin
FUSB
FUSB
55.2% more per $
FUSB
20.4%
-34.7%
FENC
Faster 2-yr revenue CAGR
FUSB
FUSB
Annualised
FUSB
2.6%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
FUSB
FUSB
Revenue
$13.8M
$10.4M
Net Profit
$-4.8M
$2.1M
Gross Margin
Operating Margin
-18.5%
28.1%
Net Margin
-34.7%
20.4%
Revenue YoY
73.8%
7.1%
Net Profit YoY
-141.1%
24.2%
EPS (diluted)
$-0.17
$0.36

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
FUSB
FUSB
Q4 25
$13.8M
$10.4M
Q3 25
$12.5M
$10.5M
Q2 25
$9.7M
$10.3M
Q1 25
$8.8M
$9.8M
Q4 24
$7.9M
$9.7M
Q3 24
$7.0M
$10.1M
Q2 24
$7.3M
$10.0M
Q1 24
$25.4M
$9.9M
Net Profit
FENC
FENC
FUSB
FUSB
Q4 25
$-4.8M
$2.1M
Q3 25
$-638.0K
$1.9M
Q2 25
$-3.2M
$155.0K
Q1 25
$-1.2M
$1.8M
Q4 24
$-2.0M
$1.7M
Q3 24
$-5.7M
$2.2M
Q2 24
$-5.6M
$2.1M
Q1 24
$12.8M
$2.1M
Operating Margin
FENC
FENC
FUSB
FUSB
Q4 25
-18.5%
28.1%
Q3 25
-1.5%
23.9%
Q2 25
-28.3%
1.6%
Q1 25
-9.2%
23.8%
Q4 24
-11.8%
23.8%
Q3 24
-74.6%
29.2%
Q2 24
-69.4%
27.4%
Q1 24
54.2%
27.8%
Net Margin
FENC
FENC
FUSB
FUSB
Q4 25
-34.7%
20.4%
Q3 25
-5.1%
18.4%
Q2 25
-32.7%
1.5%
Q1 25
-13.3%
18.1%
Q4 24
-25.0%
17.6%
Q3 24
-82.2%
22.0%
Q2 24
-76.5%
21.2%
Q1 24
50.6%
21.3%
EPS (diluted)
FENC
FENC
FUSB
FUSB
Q4 25
$-0.17
$0.36
Q3 25
$-0.02
$0.32
Q2 25
$-0.11
$0.03
Q1 25
$-0.04
$0.29
Q4 24
$-0.02
$0.29
Q3 24
$-0.21
$0.36
Q2 24
$-0.20
$0.34
Q1 24
$0.41
$0.34

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
FUSB
FUSB
Cash + ST InvestmentsLiquidity on hand
$36.8M
$73.5M
Total DebtLower is stronger
$10.9M
Stockholders' EquityBook value
$35.5M
$105.6M
Total Assets
$70.6M
$1.2B
Debt / EquityLower = less leverage
0.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
FUSB
FUSB
Q4 25
$36.8M
$73.5M
Q3 25
$21.9M
$54.7M
Q2 25
$18.7M
$54.0M
Q1 25
$22.7M
$56.0M
Q4 24
$26.6M
$47.2M
Q3 24
$40.3M
$82.3M
Q2 24
$43.1M
$58.2M
Q1 24
$51.2M
$60.2M
Total Debt
FENC
FENC
FUSB
FUSB
Q4 25
$10.9M
Q3 25
$19.4M
$10.9M
Q2 25
$19.4M
$10.9M
Q1 25
$19.4M
$10.9M
Q4 24
$19.3M
$10.9M
Q3 24
$32.1M
$10.9M
Q2 24
$31.8M
$10.8M
Q1 24
$31.3M
$10.8M
Stockholders' Equity
FENC
FENC
FUSB
FUSB
Q4 25
$35.5M
$105.6M
Q3 25
$-4.5M
$104.2M
Q2 25
$-7.5M
$101.9M
Q1 25
$-5.9M
$101.2M
Q4 24
$-5.9M
$98.6M
Q3 24
$-5.2M
$98.5M
Q2 24
$-1.4M
$93.8M
Q1 24
$3.0M
$92.3M
Total Assets
FENC
FENC
FUSB
FUSB
Q4 25
$70.6M
$1.2B
Q3 25
$49.3M
$1.1B
Q2 25
$44.9M
$1.1B
Q1 25
$46.4M
$1.1B
Q4 24
$44.9M
$1.1B
Q3 24
$58.9M
$1.1B
Q2 24
$63.2M
$1.1B
Q1 24
$69.2M
$1.1B
Debt / Equity
FENC
FENC
FUSB
FUSB
Q4 25
0.10×
Q3 25
0.10×
Q2 25
0.11×
Q1 25
0.11×
Q4 24
0.11×
Q3 24
0.11×
Q2 24
0.12×
Q1 24
10.40×
0.12×

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
FUSB
FUSB
Operating Cash FlowLast quarter
$-6.0M
$12.3M
Free Cash FlowOCF − Capex
$9.1M
FCF MarginFCF / Revenue
87.2%
Capex IntensityCapex / Revenue
31.1%
Cash ConversionOCF / Net Profit
5.79×
TTM Free Cash FlowTrailing 4 quarters
$16.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
FUSB
FUSB
Q4 25
$-6.0M
$12.3M
Q3 25
$1.5M
$4.2M
Q2 25
$-3.7M
$3.9M
Q1 25
$-4.3M
$1.8M
Q4 24
$-1.5M
$7.8M
Q3 24
$-2.2M
$1.9M
Q2 24
$-8.4M
$2.5M
Q1 24
$39.0M
$825.0K
Free Cash Flow
FENC
FENC
FUSB
FUSB
Q4 25
$9.1M
Q3 25
$3.6M
Q2 25
$1.6M
Q1 25
$1.7M
Q4 24
$5.7M
Q3 24
$1.3M
Q2 24
$2.3M
Q1 24
$-142.0K
FCF Margin
FENC
FENC
FUSB
FUSB
Q4 25
87.2%
Q3 25
34.2%
Q2 25
16.0%
Q1 25
17.2%
Q4 24
58.2%
Q3 24
12.7%
Q2 24
23.5%
Q1 24
-1.4%
Capex Intensity
FENC
FENC
FUSB
FUSB
Q4 25
31.1%
Q3 25
5.9%
Q2 25
21.8%
Q1 25
0.7%
Q4 24
21.6%
Q3 24
6.6%
Q2 24
2.0%
Q1 24
9.8%
Cash Conversion
FENC
FENC
FUSB
FUSB
Q4 25
5.79×
Q3 25
2.18×
Q2 25
25.16×
Q1 25
0.99×
Q4 24
4.53×
Q3 24
0.87×
Q2 24
1.20×
Q1 24
3.04×
0.39×

Financial Flow Comparison

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

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