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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Sachem Capital Corp. (SACH). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $12.0M, roughly 1.1× Sachem Capital Corp.). Sachem Capital Corp. runs the higher net margin — 8.3% vs -34.7%, a 43.0% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs -18.8%). Over the past eight quarters, Sachem Capital Corp.'s revenue compounded faster (-13.4% 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.

Sachem Head Capital Management is an American value-oriented investment management firm based in New York City, managed by Scott Ferguson.

FENC vs SACH — Head-to-Head

Bigger by revenue
FENC
FENC
1.1× larger
FENC
$13.8M
$12.0M
SACH
Growing faster (revenue YoY)
FENC
FENC
+92.7% gap
FENC
73.8%
-18.8%
SACH
Higher net margin
SACH
SACH
43.0% more per $
SACH
8.3%
-34.7%
FENC
Faster 2-yr revenue CAGR
SACH
SACH
Annualised
SACH
-13.4%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FENC
FENC
SACH
SACH
Revenue
$13.8M
$12.0M
Net Profit
$-4.8M
$997.0K
Gross Margin
Operating Margin
-18.5%
-3.1%
Net Margin
-34.7%
8.3%
Revenue YoY
73.8%
-18.8%
Net Profit YoY
-141.1%
119.7%
EPS (diluted)
$-0.17
$0.00

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
SACH
SACH
Q4 25
$13.8M
Q3 25
$12.5M
$12.0M
Q2 25
$9.7M
$10.8M
Q1 25
$8.8M
$11.4M
Q4 24
$7.9M
$10.8M
Q3 24
$7.0M
$14.8M
Q2 24
$7.3M
$15.1M
Q1 24
$25.4M
$16.8M
Net Profit
FENC
FENC
SACH
SACH
Q4 25
$-4.8M
Q3 25
$-638.0K
$997.0K
Q2 25
$-3.2M
$1.9M
Q1 25
$-1.2M
$904.0K
Q4 24
$-2.0M
$-36.1M
Q3 24
$-5.7M
$-5.1M
Q2 24
$-5.6M
$-3.1M
Q1 24
$12.8M
$4.7M
Operating Margin
FENC
FENC
SACH
SACH
Q4 25
-18.5%
Q3 25
-1.5%
-3.1%
Q2 25
-28.3%
9.9%
Q1 25
-9.2%
9.0%
Q4 24
-11.8%
-131.1%
Q3 24
-74.6%
-32.6%
Q2 24
-69.4%
-20.6%
Q1 24
54.2%
25.4%
Net Margin
FENC
FENC
SACH
SACH
Q4 25
-34.7%
Q3 25
-5.1%
8.3%
Q2 25
-32.7%
17.5%
Q1 25
-13.3%
7.9%
Q4 24
-25.0%
-335.6%
Q3 24
-82.2%
-34.2%
Q2 24
-76.5%
-20.2%
Q1 24
50.6%
27.8%
EPS (diluted)
FENC
FENC
SACH
SACH
Q4 25
$-0.17
Q3 25
$-0.02
$0.00
Q2 25
$-0.11
$0.02
Q1 25
$-0.04
$0.00
Q4 24
$-0.02
$-0.79
Q3 24
$-0.21
$-0.13
Q2 24
$-0.20
$-0.09
Q1 24
$0.41
$0.08

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
SACH
SACH
Cash + ST InvestmentsLiquidity on hand
$36.8M
$12.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$175.6M
Total Assets
$70.6M
$484.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
SACH
SACH
Q4 25
$36.8M
Q3 25
$21.9M
$12.6M
Q2 25
$18.7M
$23.5M
Q1 25
$22.7M
$25.8M
Q4 24
$26.6M
$19.6M
Q3 24
$40.3M
$7.4M
Q2 24
$43.1M
$12.4M
Q1 24
$51.2M
$56.8M
Total Debt
FENC
FENC
SACH
SACH
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
$230.2M
Q4 24
$19.3M
$230.2M
Q3 24
$32.1M
$264.7M
Q2 24
$31.8M
$264.7M
Q1 24
$31.3M
$288.4M
Stockholders' Equity
FENC
FENC
SACH
SACH
Q4 25
$35.5M
Q3 25
$-4.5M
$175.6M
Q2 25
$-7.5M
$177.9M
Q1 25
$-5.9M
$179.3M
Q4 24
$-5.9M
$181.7M
Q3 24
$-5.2M
$220.6M
Q2 24
$-1.4M
$230.2M
Q1 24
$3.0M
$237.4M
Total Assets
FENC
FENC
SACH
SACH
Q4 25
$70.6M
Q3 25
$49.3M
$484.4M
Q2 25
$44.9M
$501.8M
Q1 25
$46.4M
$491.4M
Q4 24
$44.9M
$492.0M
Q3 24
$58.9M
$555.5M
Q2 24
$63.2M
$586.3M
Q1 24
$69.2M
$626.5M
Debt / Equity
FENC
FENC
SACH
SACH
Q4 25
Q3 25
Q2 25
Q1 25
1.28×
Q4 24
1.27×
Q3 24
1.20×
Q2 24
1.15×
Q1 24
10.40×
1.21×

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
SACH
SACH
Operating Cash FlowLast quarter
$-6.0M
$4.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.95×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
SACH
SACH
Q4 25
$-6.0M
Q3 25
$1.5M
$4.9M
Q2 25
$-3.7M
$501.0K
Q1 25
$-4.3M
$191.0K
Q4 24
$-1.5M
$12.9M
Q3 24
$-2.2M
$2.3M
Q2 24
$-8.4M
$7.0M
Q1 24
$39.0M
$4.2M
Cash Conversion
FENC
FENC
SACH
SACH
Q4 25
Q3 25
4.95×
Q2 25
0.27×
Q1 25
0.21×
Q4 24
Q3 24
Q2 24
Q1 24
3.04×
0.90×

Financial Flow Comparison

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

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