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Side-by-side financial comparison of FrontView REIT, Inc. (FVR) and AVITA Medical, Inc. (RCEL). Click either name above to swap in a different company.

AVITA Medical, Inc. is the larger business by last-quarter revenue ($17.6M vs $16.5M, roughly 1.1× FrontView REIT, Inc.). FrontView REIT, Inc. runs the higher net margin — -24.9% vs -66.0%, a 41.1% gap on every dollar of revenue.

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

FVR vs RCEL — Head-to-Head

Bigger by revenue
RCEL
RCEL
1.1× larger
RCEL
$17.6M
$16.5M
FVR
Higher net margin
FVR
FVR
41.1% more per $
FVR
-24.9%
-66.0%
RCEL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FVR
FVR
RCEL
RCEL
Revenue
$16.5M
$17.6M
Net Profit
$-4.1M
$-11.6M
Gross Margin
81.2%
Operating Margin
-59.1%
Net Margin
-24.9%
-66.0%
Revenue YoY
-4.3%
Net Profit YoY
-0.3%
EPS (diluted)
$-0.19
$-0.37

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
FVR
FVR
RCEL
RCEL
Q4 25
$16.5M
$17.6M
Q3 25
$16.8M
$17.1M
Q2 25
$17.6M
$18.4M
Q1 25
$16.2M
$18.5M
Q4 24
$18.4M
Q3 24
$14.5M
$19.5M
Q2 24
$15.2M
Q1 24
$11.1M
Net Profit
FVR
FVR
RCEL
RCEL
Q4 25
$-4.1M
$-11.6M
Q3 25
$4.0M
$-13.2M
Q2 25
$-2.9M
$-9.9M
Q1 25
$-833.0K
$-13.9M
Q4 24
$-11.6M
Q3 24
$-2.4M
$-16.2M
Q2 24
$-15.4M
Q1 24
$-18.7M
Gross Margin
FVR
FVR
RCEL
RCEL
Q4 25
81.2%
Q3 25
81.3%
Q2 25
81.2%
Q1 25
84.7%
Q4 24
87.6%
Q3 24
83.7%
Q2 24
86.1%
Q1 24
86.4%
Operating Margin
FVR
FVR
RCEL
RCEL
Q4 25
-59.1%
Q3 25
-53.6%
Q2 25
-60.5%
Q1 25
-63.9%
Q4 24
-54.1%
Q3 24
-70.6%
Q2 24
-102.8%
Q1 24
-155.0%
Net Margin
FVR
FVR
RCEL
RCEL
Q4 25
-24.9%
-66.0%
Q3 25
23.9%
-77.3%
Q2 25
-16.5%
-53.9%
Q1 25
-5.1%
-74.9%
Q4 24
-63.0%
Q3 24
-16.7%
-82.9%
Q2 24
-101.3%
Q1 24
-168.0%
EPS (diluted)
FVR
FVR
RCEL
RCEL
Q4 25
$-0.19
$-0.37
Q3 25
$0.19
$-0.46
Q2 25
$-0.16
$-0.38
Q1 25
$-0.06
$-0.53
Q4 24
$-0.44
Q3 24
$-0.62
Q2 24
$-0.60
Q1 24
$-0.73

Balance Sheet & Financial Strength

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

Metric
FVR
FVR
RCEL
RCEL
Cash + ST InvestmentsLiquidity on hand
$13.5M
$18.2M
Total DebtLower is stronger
$314.3M
Stockholders' EquityBook value
$391.2M
$-16.6M
Total Assets
$854.4M
$56.4M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVR
FVR
RCEL
RCEL
Q4 25
$13.5M
$18.2M
Q3 25
$19.6M
$23.3M
Q2 25
$8.4M
$15.7M
Q1 25
$3.3M
$25.8M
Q4 24
$35.9M
Q3 24
$44.4M
Q2 24
$54.1M
Q1 24
$68.2M
Total Debt
FVR
FVR
RCEL
RCEL
Q4 25
$314.3M
Q3 25
$307.1M
Q2 25
$316.9M
Q1 25
$310.2M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FVR
FVR
RCEL
RCEL
Q4 25
$391.2M
$-16.6M
Q3 25
$385.2M
$-6.7M
Q2 25
$369.9M
$-12.9M
Q1 25
$324.7M
$-4.6M
Q4 24
$4.5M
Q3 24
$1.0K
$12.2M
Q2 24
$23.9M
Q1 24
$32.6M
Total Assets
FVR
FVR
RCEL
RCEL
Q4 25
$854.4M
$56.4M
Q3 25
$846.8M
$63.7M
Q2 25
$856.5M
$58.1M
Q1 25
$860.8M
$69.6M
Q4 24
$79.7M
Q3 24
$1.0K
$81.1M
Q2 24
$87.8M
Q1 24
$97.4M
Debt / Equity
FVR
FVR
RCEL
RCEL
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FVR
FVR
RCEL
RCEL
Operating Cash FlowLast quarter
$42.1M
$-5.4M
Free Cash FlowOCF − Capex
$-6.1M
FCF MarginFCF / Revenue
-34.7%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVR
FVR
RCEL
RCEL
Q4 25
$42.1M
$-5.4M
Q3 25
$8.3M
$-5.2M
Q2 25
$9.3M
$-10.2M
Q1 25
$8.1M
$-10.3M
Q4 24
$-8.1M
Q3 24
$-7.2M
Q2 24
$-12.8M
Q1 24
$-20.9M
Free Cash Flow
FVR
FVR
RCEL
RCEL
Q4 25
$-6.1M
Q3 25
$-6.2M
Q2 25
$-10.8M
Q1 25
$-10.5M
Q4 24
$-9.7M
Q3 24
$-11.0M
Q2 24
$-15.4M
Q1 24
$-22.0M
FCF Margin
FVR
FVR
RCEL
RCEL
Q4 25
-34.7%
Q3 25
-36.1%
Q2 25
-58.4%
Q1 25
-56.9%
Q4 24
-52.7%
Q3 24
-56.1%
Q2 24
-101.6%
Q1 24
-198.2%
Capex Intensity
FVR
FVR
RCEL
RCEL
Q4 25
3.8%
Q3 25
5.5%
Q2 25
2.8%
Q1 25
1.2%
Q4 24
8.8%
Q3 24
19.2%
Q2 24
17.5%
Q1 24
10.3%
Cash Conversion
FVR
FVR
RCEL
RCEL
Q4 25
Q3 25
2.06×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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