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Side-by-side financial comparison of GOLDEN HEAVEN GROUP HOLDINGS LTD. (GDHG) and Spero Therapeutics, Inc. (SPRO). Click either name above to swap in a different company.

GOLDEN HEAVEN GROUP HOLDINGS LTD. is the larger business by last-quarter revenue ($15.3M vs $12.6M, roughly 1.2× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -56.2%, a 306.9% gap on every dollar of revenue.

Golden Heaven Group Holdings Ltd. operates large-scale amusement parks, cultural tourism complexes and family-focused leisure venues primarily across mainland China. Its core services include thrill rides, themed entertainment zones, cultural experience activities, plus supporting catering and retail offerings, catering to leisure demands of consumers across all age groups.

GDHG vs SPRO — Head-to-Head

Bigger by revenue
GDHG
GDHG
1.2× larger
GDHG
$15.3M
$12.6M
SPRO
Higher net margin
SPRO
SPRO
306.9% more per $
SPRO
250.7%
-56.2%
GDHG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
GDHG
GDHG
SPRO
SPRO
Revenue
$15.3M
$12.6M
Net Profit
$-8.6M
$31.5M
Gross Margin
50.2%
Operating Margin
-44.5%
Net Margin
-56.2%
250.7%
Revenue YoY
24080.8%
Net Profit YoY
250.9%
EPS (diluted)
$-10.83
$0.56

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
GDHG
GDHG
SPRO
SPRO
Q4 25
$12.6M
Q3 25
$15.3M
$0
Q2 25
$0
Q1 25
$13.8M
$12.0K
Q4 24
$52.0K
Q3 24
$65.0K
Q2 24
$114.0K
Q1 24
$13.8M
$140.0K
Net Profit
GDHG
GDHG
SPRO
SPRO
Q4 25
$31.5M
Q3 25
$-8.6M
$-7.4M
Q2 25
$-1.7M
Q1 25
$-13.9M
Q4 24
Q3 24
$-17.1M
Q2 24
$-17.9M
Q1 24
$2.5M
$-12.7M
Gross Margin
GDHG
GDHG
SPRO
SPRO
Q4 25
Q3 25
50.2%
Q2 25
Q1 25
52.0%
Q4 24
Q3 24
Q2 24
Q1 24
52.0%
Operating Margin
GDHG
GDHG
SPRO
SPRO
Q4 25
Q3 25
-44.5%
Q2 25
Q1 25
-122758.3%
Q4 24
Q3 24
-28604.6%
Q2 24
-16720.2%
Q1 24
25.5%
-9987.1%
Net Margin
GDHG
GDHG
SPRO
SPRO
Q4 25
250.7%
Q3 25
-56.2%
Q2 25
Q1 25
-115550.0%
Q4 24
Q3 24
-26380.0%
Q2 24
-15668.4%
Q1 24
18.4%
-9049.3%
EPS (diluted)
GDHG
GDHG
SPRO
SPRO
Q4 25
$0.56
Q3 25
$-10.83
$-0.13
Q2 25
$-0.03
Q1 25
$-0.25
Q4 24
Q3 24
$-0.32
Q2 24
$-0.33
Q1 24
$-0.24

Balance Sheet & Financial Strength

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

Metric
GDHG
GDHG
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$86.0M
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$180.7M
$59.0M
Total Assets
$191.4M
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GDHG
GDHG
SPRO
SPRO
Q4 25
$40.3M
Q3 25
$86.0M
$48.6M
Q2 25
$31.2M
Q1 25
$19.8M
$48.9M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$129.4K
$82.3M
Stockholders' Equity
GDHG
GDHG
SPRO
SPRO
Q4 25
$59.0M
Q3 25
$180.7M
$26.5M
Q2 25
$32.8M
Q1 25
$83.7M
$33.8M
Q4 24
$46.1M
Q3 24
$65.5M
Q2 24
$80.5M
Q1 24
$64.3M
$96.2M
Total Assets
GDHG
GDHG
SPRO
SPRO
Q4 25
$68.9M
Q3 25
$191.4M
$54.2M
Q2 25
$62.1M
Q1 25
$98.6M
$77.7M
Q4 24
$110.5M
Q3 24
$135.2M
Q2 24
$149.9M
Q1 24
$82.9M
$167.7M

Cash Flow & Capital Efficiency

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

Metric
GDHG
GDHG
SPRO
SPRO
Operating Cash FlowLast quarter
$19.0M
$-8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GDHG
GDHG
SPRO
SPRO
Q4 25
$-8.4M
Q3 25
$19.0M
$17.4M
Q2 25
$-17.7M
Q1 25
$-4.0M
Q4 24
$-23.4M
Q3 24
$12.8M
Q2 24
$-18.7M
Q1 24
$-911.6K
$5.9M
Free Cash Flow
GDHG
GDHG
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-924.9K
FCF Margin
GDHG
GDHG
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-6.7%
Capex Intensity
GDHG
GDHG
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.1%
Cash Conversion
GDHG
GDHG
SPRO
SPRO
Q4 25
-0.26×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-0.36×

Financial Flow Comparison

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

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