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Side-by-side financial comparison of Finward Bancorp (FNWD) and SUTRO BIOPHARMA, INC. (STRO). Click either name above to swap in a different company.

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $11.6M, roughly 1.4× SUTRO BIOPHARMA, INC.). On growth, Finward Bancorp posted the faster year-over-year revenue change (1.1% vs -21.4%). Over the past eight quarters, SUTRO BIOPHARMA, INC.'s revenue compounded faster (-5.4% CAGR vs -19.1%).

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

FNWD vs STRO — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.4× larger
FNWD
$16.5M
$11.6M
STRO
Growing faster (revenue YoY)
FNWD
FNWD
+22.4% gap
FNWD
1.1%
-21.4%
STRO
Faster 2-yr revenue CAGR
STRO
STRO
Annualised
STRO
-5.4%
-19.1%
FNWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNWD
FNWD
STRO
STRO
Revenue
$16.5M
$11.6M
Net Profit
$2.0M
Gross Margin
Operating Margin
11.0%
Net Margin
12.0%
Revenue YoY
1.1%
-21.4%
Net Profit YoY
-5.6%
35.4%
EPS (diluted)
$0.46

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
FNWD
FNWD
STRO
STRO
Q4 25
$16.5M
$11.6M
Q3 25
$17.4M
$9.7M
Q2 25
$16.6M
$63.7M
Q1 25
$15.5M
$17.4M
Q4 24
$16.3M
$14.8M
Q3 24
$14.9M
$8.5M
Q2 24
$14.6M
$25.7M
Q1 24
$25.3M
$13.0M
Net Profit
FNWD
FNWD
STRO
STRO
Q4 25
$2.0M
Q3 25
$3.5M
$-56.9M
Q2 25
$2.2M
$-11.5M
Q1 25
$455.0K
$-76.0M
Q4 24
$2.1M
$-72.4M
Q3 24
$606.0K
$-48.8M
Q2 24
$143.0K
$-48.0M
Q1 24
$9.3M
$-58.2M
Operating Margin
FNWD
FNWD
STRO
STRO
Q4 25
11.0%
Q3 25
20.5%
-499.9%
Q2 25
12.7%
-5.2%
Q1 25
4.0%
-393.8%
Q4 24
16.3%
-440.7%
Q3 24
2.7%
-797.2%
Q2 24
0.9%
-189.4%
Q1 24
40.6%
-435.0%
Net Margin
FNWD
FNWD
STRO
STRO
Q4 25
12.0%
Q3 25
20.1%
-586.6%
Q2 25
12.9%
-18.0%
Q1 25
2.9%
-436.6%
Q4 24
12.9%
-489.2%
Q3 24
4.1%
-572.6%
Q2 24
1.0%
-186.8%
Q1 24
36.7%
-447.5%
EPS (diluted)
FNWD
FNWD
STRO
STRO
Q4 25
$0.46
Q3 25
$0.81
$-0.67
Q2 25
$0.50
$-0.14
Q1 25
$0.11
$-0.91
Q4 24
$0.50
$-27.63
Q3 24
$0.14
$-0.59
Q2 24
$0.03
$-0.59
Q1 24
$2.17
$-0.59

Balance Sheet & Financial Strength

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

Metric
FNWD
FNWD
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$141.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.7M
$-132.5M
Total Assets
$2.0B
$173.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNWD
FNWD
STRO
STRO
Q4 25
$141.4M
Q3 25
$167.6M
Q2 25
$205.1M
Q1 25
$249.0M
Q4 24
$316.9M
Q3 24
$388.3M
Q2 24
$375.6M
Q1 24
$267.6M
Stockholders' Equity
FNWD
FNWD
STRO
STRO
Q4 25
$174.7M
$-132.5M
Q3 25
$165.5M
$-87.3M
Q2 25
$154.3M
$-32.1M
Q1 25
$151.8M
$-25.8M
Q4 24
$151.4M
$44.6M
Q3 24
$159.6M
$111.2M
Q2 24
$148.6M
$152.2M
Q1 24
$151.6M
$98.0M
Total Assets
FNWD
FNWD
STRO
STRO
Q4 25
$2.0B
$173.8M
Q3 25
$2.1B
$209.7M
Q2 25
$2.1B
$262.4M
Q1 25
$2.0B
$321.4M
Q4 24
$2.1B
$387.2M
Q3 24
$2.1B
$451.8M
Q2 24
$2.1B
$489.0M
Q1 24
$2.1B
$403.4M

Cash Flow & Capital Efficiency

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

Metric
FNWD
FNWD
STRO
STRO
Operating Cash FlowLast quarter
$9.9M
$-177.2M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
54.8%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWD
FNWD
STRO
STRO
Q4 25
$9.9M
$-177.2M
Q3 25
$1.2M
$-38.2M
Q2 25
$4.8M
$-44.7M
Q1 25
$-3.8M
$-67.9M
Q4 24
$9.8M
$-71.7M
Q3 24
$-3.7M
$-64.5M
Q2 24
$2.8M
$9.5M
Q1 24
$-25.0K
$-64.7M
Free Cash Flow
FNWD
FNWD
STRO
STRO
Q4 25
$9.0M
Q3 25
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$1.1M
Q1 24
$-736.0K
FCF Margin
FNWD
FNWD
STRO
STRO
Q4 25
54.8%
Q3 25
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
7.6%
Q1 24
-2.9%
Capex Intensity
FNWD
FNWD
STRO
STRO
Q4 25
5.2%
Q3 25
0.9%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
11.2%
Q1 24
2.8%
Cash Conversion
FNWD
FNWD
STRO
STRO
Q4 25
4.99×
Q3 25
0.34×
Q2 25
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

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