vs

Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and Protagonist Therapeutics, Inc (PTGX). Click either name above to swap in a different company.

Protagonist Therapeutics, Inc is the larger business by last-quarter revenue ($170.6M vs $110.0M, roughly 1.6× FIRSTSUN CAPITAL BANCORP). Protagonist Therapeutics, Inc runs the higher net margin — 77.2% vs 19.6%, a 57.5% gap on every dollar of revenue.

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

Protagonist Therapeutics, Inc. is a clinical-stage biopharmaceutical company focused on discovering and developing novel peptide-based targeted therapies for unmet medical needs, primarily covering gastrointestinal disorders, inflammatory diseases and rare disease indications. Its lead product candidates target inflammatory bowel disease and other chronic immune-related conditions, with operations spanning global R&D and partnership collaborations.

FSUN vs PTGX — Head-to-Head

Bigger by revenue
PTGX
PTGX
1.6× larger
PTGX
$170.6M
$110.0M
FSUN
Higher net margin
PTGX
PTGX
57.5% more per $
PTGX
77.2%
19.6%
FSUN

Income Statement — Q1 FY2026 vs Q4 FY2024

Metric
FSUN
FSUN
PTGX
PTGX
Revenue
$110.0M
$170.6M
Net Profit
$21.6M
$131.7M
Gross Margin
Operating Margin
74.3%
Net Margin
19.6%
77.2%
Revenue YoY
184.4%
Net Profit YoY
-8.4%
381.7%
EPS (diluted)
$0.76
$2.01

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
FSUN
FSUN
PTGX
PTGX
Q1 26
$110.0M
Q4 25
$110.2M
Q3 25
$107.3M
Q2 25
$105.6M
Q1 25
$96.2M
Q4 24
$98.7M
$170.6M
Q3 24
$98.2M
Q2 24
$96.2M
Net Profit
FSUN
FSUN
PTGX
PTGX
Q1 26
$21.6M
Q4 25
$24.8M
Q3 25
$23.2M
Q2 25
$26.4M
Q1 25
$23.6M
Q4 24
$16.4M
$131.7M
Q3 24
$22.4M
Q2 24
$24.6M
Operating Margin
FSUN
FSUN
PTGX
PTGX
Q1 26
Q4 25
29.0%
Q3 25
26.4%
Q2 25
31.2%
Q1 25
30.9%
Q4 24
20.4%
74.3%
Q3 24
29.1%
Q2 24
32.3%
Net Margin
FSUN
FSUN
PTGX
PTGX
Q1 26
19.6%
Q4 25
22.5%
Q3 25
21.6%
Q2 25
25.0%
Q1 25
24.5%
Q4 24
16.6%
77.2%
Q3 24
22.8%
Q2 24
25.5%
EPS (diluted)
FSUN
FSUN
PTGX
PTGX
Q1 26
$0.76
Q4 25
$0.89
Q3 25
$0.82
Q2 25
$0.93
Q1 25
$0.83
Q4 24
$0.57
$2.01
Q3 24
$0.79
Q2 24
$0.88

Balance Sheet & Financial Strength

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

Metric
FSUN
FSUN
PTGX
PTGX
Cash + ST InvestmentsLiquidity on hand
$413.7M
$418.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$675.3M
Total Assets
$8.6B
$744.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
PTGX
PTGX
Q1 26
$413.7M
Q4 25
$652.6M
Q3 25
$659.9M
Q2 25
$785.1M
Q1 25
$621.4M
Q4 24
$615.9M
$418.9M
Q3 24
$573.7M
Q2 24
$535.8M
Stockholders' Equity
FSUN
FSUN
PTGX
PTGX
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.0B
$675.3M
Q3 24
$1.0B
Q2 24
$996.6M
Total Assets
FSUN
FSUN
PTGX
PTGX
Q1 26
$8.6B
Q4 25
$8.5B
Q3 25
$8.5B
Q2 25
$8.4B
Q1 25
$8.2B
Q4 24
$8.1B
$744.7M
Q3 24
$8.1B
Q2 24
$8.0B

Cash Flow & Capital Efficiency

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

Metric
FSUN
FSUN
PTGX
PTGX
Operating Cash FlowLast quarter
$184.2M
Free Cash FlowOCF − Capex
$182.8M
FCF MarginFCF / Revenue
107.1%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
1.40×
TTM Free Cash FlowTrailing 4 quarters
$101.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSUN
FSUN
PTGX
PTGX
Q1 26
Q4 25
$111.5M
Q3 25
$49.4M
Q2 25
$15.0M
Q1 25
$26.4M
Q4 24
$101.1M
$184.2M
Q3 24
$48.1M
Q2 24
$20.9M
Free Cash Flow
FSUN
FSUN
PTGX
PTGX
Q1 26
Q4 25
$104.0M
Q3 25
$47.6M
Q2 25
$13.0M
Q1 25
$24.3M
Q4 24
$95.7M
$182.8M
Q3 24
$47.1M
Q2 24
$19.9M
FCF Margin
FSUN
FSUN
PTGX
PTGX
Q1 26
Q4 25
94.3%
Q3 25
44.4%
Q2 25
12.3%
Q1 25
25.3%
Q4 24
97.0%
107.1%
Q3 24
47.9%
Q2 24
20.6%
Capex Intensity
FSUN
FSUN
PTGX
PTGX
Q1 26
Q4 25
6.8%
Q3 25
1.6%
Q2 25
1.9%
Q1 25
2.1%
Q4 24
5.5%
0.8%
Q3 24
1.1%
Q2 24
1.1%
Cash Conversion
FSUN
FSUN
PTGX
PTGX
Q1 26
Q4 25
4.49×
Q3 25
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
1.40×
Q3 24
2.15×
Q2 24
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

PTGX
PTGX

Segment breakdown not available.

Related Comparisons