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

Pioneer Bancorp, Inc. is the larger business by last-quarter revenue ($25.0M vs $13.8M, roughly 1.8× FENNEC PHARMACEUTICALS INC.). Pioneer Bancorp, Inc. runs the higher net margin — 82.1% vs -34.7%, a 116.8% gap on every dollar of revenue. Over the past eight quarters, Pioneer Bancorp, Inc.'s revenue compounded faster (144.9% 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.

Pioneer Bancorp, Inc. (MD) is a bank holding company operating as the parent entity of Pioneer Bank. It provides a full suite of retail and commercial banking products and services, including deposit accounts, residential and commercial mortgages, consumer loans, and small business financing, primarily serving individual and corporate customers across local communities in Maryland, U.S.

FENC vs PBFS — Head-to-Head

Bigger by revenue
PBFS
PBFS
1.8× larger
PBFS
$25.0M
$13.8M
FENC
Higher net margin
PBFS
PBFS
116.8% more per $
PBFS
82.1%
-34.7%
FENC
Faster 2-yr revenue CAGR
PBFS
PBFS
Annualised
PBFS
144.9%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
PBFS
PBFS
Revenue
$13.8M
$25.0M
Net Profit
$-4.8M
$3.7M
Gross Margin
Operating Margin
-18.5%
21.3%
Net Margin
-34.7%
82.1%
Revenue YoY
73.8%
Net Profit YoY
-141.1%
EPS (diluted)
$-0.17
$0.16

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
PBFS
PBFS
Q4 25
$13.8M
$25.0M
Q3 25
$12.5M
$24.0M
Q2 25
$9.7M
$24.4M
Q1 25
$8.8M
$22.8M
Q4 24
$7.9M
Q3 24
$7.0M
$22.0M
Q2 24
$7.3M
$20.9M
Q1 24
$25.4M
$21.6M
Net Profit
FENC
FENC
PBFS
PBFS
Q4 25
$-4.8M
$3.7M
Q3 25
$-638.0K
$4.3M
Q2 25
$-3.2M
$6.5M
Q1 25
$-1.2M
$5.8M
Q4 24
$-2.0M
Q3 24
$-5.7M
$6.3M
Q2 24
$-5.6M
$3.9M
Q1 24
$12.8M
$4.7M
Operating Margin
FENC
FENC
PBFS
PBFS
Q4 25
-18.5%
21.3%
Q3 25
-1.5%
23.4%
Q2 25
-28.3%
33.3%
Q1 25
-9.2%
32.5%
Q4 24
-11.8%
Q3 24
-74.6%
37.2%
Q2 24
-69.4%
24.1%
Q1 24
54.2%
28.1%
Net Margin
FENC
FENC
PBFS
PBFS
Q4 25
-34.7%
82.1%
Q3 25
-5.1%
18.0%
Q2 25
-32.7%
26.4%
Q1 25
-13.3%
25.3%
Q4 24
-25.0%
Q3 24
-82.2%
28.7%
Q2 24
-76.5%
107.4%
Q1 24
50.6%
21.9%
EPS (diluted)
FENC
FENC
PBFS
PBFS
Q4 25
$-0.17
$0.16
Q3 25
$-0.02
$0.18
Q2 25
$-0.11
$0.26
Q1 25
$-0.04
$0.23
Q4 24
$-0.02
Q3 24
$-0.21
$0.25
Q2 24
$-0.20
$0.15
Q1 24
$0.41
$0.19

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
PBFS
PBFS
Cash + ST InvestmentsLiquidity on hand
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$323.9M
Total Assets
$70.6M
$2.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
PBFS
PBFS
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
PBFS
PBFS
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
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
PBFS
PBFS
Q4 25
$35.5M
$323.9M
Q3 25
$-4.5M
$314.2M
Q2 25
$-7.5M
$314.2M
Q1 25
$-5.9M
$310.7M
Q4 24
$-5.9M
Q3 24
$-5.2M
$303.8M
Q2 24
$-1.4M
$296.5M
Q1 24
$3.0M
$289.0M
Total Assets
FENC
FENC
PBFS
PBFS
Q4 25
$70.6M
$2.2B
Q3 25
$49.3M
$2.2B
Q2 25
$44.9M
$2.1B
Q1 25
$46.4M
$2.1B
Q4 24
$44.9M
Q3 24
$58.9M
$2.0B
Q2 24
$63.2M
Q1 24
$69.2M
$2.0B
Debt / Equity
FENC
FENC
PBFS
PBFS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

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
PBFS
PBFS
Operating Cash FlowLast quarter
$-6.0M
$11.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
PBFS
PBFS
Q4 25
$-6.0M
$11.1M
Q3 25
$1.5M
$3.9M
Q2 25
$-3.7M
$5.1M
Q1 25
$-4.3M
$-3.5M
Q4 24
$-1.5M
Q3 24
$-2.2M
$1.9M
Q2 24
$-8.4M
$9.0M
Q1 24
$39.0M
$3.3M
Cash Conversion
FENC
FENC
PBFS
PBFS
Q4 25
2.97×
Q3 25
0.90×
Q2 25
0.78×
Q1 25
-0.61×
Q4 24
Q3 24
0.30×
Q2 24
2.30×
Q1 24
3.04×
0.70×

Financial Flow Comparison

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

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