vs

Side-by-side financial comparison of HCW Biologics Inc. (HCWB) and Pintec Technology Holdings Ltd (JF). Click either name above to swap in a different company.

HCW Biologics Inc. is the larger business by last-quarter revenue ($394.8K vs $295.2K, roughly 1.3× Pintec Technology Holdings Ltd). Pintec Technology Holdings Ltd runs the higher net margin — -31.0% vs -854.4%, a 823.4% gap on every dollar of revenue.

HCW Biologics Inc. is a clinical-stage biotechnology company focused on researching and developing novel immunotherapies and biological products targeting unmet medical needs in oncology, chronic inflammatory disorders, and autoimmune diseases. It primarily operates in the U.S., advancing multiple pipeline candidates through early to mid-stage clinical trials.

Pintec Technology Holdings Ltd is a fintech SaaS provider offering end-to-end digital financial solutions. Its core services include intelligent risk management, digital lending facilitation, and wealth management tools, serving banks, consumer finance firms and e-commerce platforms primarily in the Chinese market.

HCWB vs JF — Head-to-Head

Bigger by revenue
HCWB
HCWB
1.3× larger
HCWB
$394.8K
$295.2K
JF
Higher net margin
JF
JF
823.4% more per $
JF
-31.0%
-854.4%
HCWB

Income Statement — Q4 FY2024 vs Q2 FY2025

Metric
HCWB
HCWB
JF
JF
Revenue
$394.8K
$295.2K
Net Profit
$-3.4M
$-91.6K
Gross Margin
20.0%
60.9%
Operating Margin
-795.9%
-47.2%
Net Margin
-854.4%
-31.0%
Revenue YoY
-70.2%
Net Profit YoY
68.4%
EPS (diluted)
$-10.47
$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
HCWB
HCWB
JF
JF
Q2 25
$295.2K
Q4 24
$394.8K
Q3 24
$426.4K
Q2 24
$618.9K
$289.0K
Q1 24
$1.1M
Q4 23
$1.3M
Q3 23
$853.1K
Q2 23
$622.8K
Net Profit
HCWB
HCWB
JF
JF
Q2 25
$-91.6K
Q4 24
$-3.4M
Q3 24
$-3.9M
Q2 24
$-15.3M
$-161.6K
Q1 24
$-7.5M
Q4 23
$-10.7M
Q3 23
$-4.9M
Q2 23
$-4.3M
Gross Margin
HCWB
HCWB
JF
JF
Q2 25
60.9%
Q4 24
20.0%
Q3 24
20.0%
Q2 24
29.2%
59.6%
Q1 24
54.6%
Q4 23
19.1%
Q3 23
20.5%
Q2 23
19.3%
Operating Margin
HCWB
HCWB
JF
JF
Q2 25
-47.2%
Q4 24
-795.9%
Q3 24
-864.1%
Q2 24
-2445.8%
-51.1%
Q1 24
-665.1%
Q4 23
-813.3%
Q3 23
-595.2%
Q2 23
-724.2%
Net Margin
HCWB
HCWB
JF
JF
Q2 25
-31.0%
Q4 24
-854.4%
Q3 24
-915.1%
Q2 24
-2469.1%
-55.9%
Q1 24
-662.8%
Q4 23
-806.7%
Q3 23
-578.9%
Q2 23
-691.1%
EPS (diluted)
HCWB
HCWB
JF
JF
Q2 25
$0.00
Q4 24
$-10.47
Q3 24
$-4.13
Q2 24
$-16.16
$0.00
Q1 24
$-0.20
Q4 23
$-0.30
Q3 23
$-0.14
Q2 23
$-0.12

Balance Sheet & Financial Strength

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

Metric
HCWB
HCWB
JF
JF
Cash + ST InvestmentsLiquidity on hand
$4.7M
$653.0K
Total DebtLower is stronger
$7.4M
Stockholders' EquityBook value
$-6.8M
Total Assets
$30.2M
$1.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HCWB
HCWB
JF
JF
Q2 25
$653.0K
Q4 24
$4.7M
Q3 24
$998.2K
Q2 24
$1.2M
$863.7K
Q1 24
$4.1M
Q4 23
$3.6M
Q3 23
$11.2M
Q2 23
$17.4M
Total Debt
HCWB
HCWB
JF
JF
Q2 25
Q4 24
$7.4M
Q3 24
$6.5M
Q2 24
$9.9M
Q1 24
$8.3M
Q4 23
$6.3M
Q3 23
$6.3M
Q2 23
$6.4M
Stockholders' Equity
HCWB
HCWB
JF
JF
Q2 25
Q4 24
$-6.8M
Q3 24
$-10.0M
Q2 24
$-6.3M
Q1 24
$8.7M
Q4 23
$13.5M
Q3 23
$23.9M
Q2 23
$28.6M
Total Assets
HCWB
HCWB
JF
JF
Q2 25
$1.9M
Q4 24
$30.2M
Q3 24
$26.6M
Q2 24
$26.8M
$2.2M
Q1 24
$30.4M
Q4 23
$28.5M
Q3 23
$35.6M
Q2 23
$39.5M
Debt / Equity
HCWB
HCWB
JF
JF
Q2 25
Q4 24
Q3 24
Q2 24
Q1 24
0.95×
Q4 23
0.47×
Q3 23
0.27×
Q2 23
0.22×

Cash Flow & Capital Efficiency

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

Metric
HCWB
HCWB
JF
JF
Operating Cash FlowLast quarter
$-2.8M
Free Cash FlowOCF − Capex
$-2.9M
FCF MarginFCF / Revenue
-746.8%
Capex IntensityCapex / Revenue
28.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-14.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HCWB
HCWB
JF
JF
Q2 25
Q4 24
$-2.8M
Q3 24
$-2.9M
Q2 24
$-4.9M
Q1 24
$-3.6M
Q4 23
$-3.9M
Q3 23
$-5.6M
Q2 23
$-9.4M
Free Cash Flow
HCWB
HCWB
JF
JF
Q2 25
Q4 24
$-2.9M
Q3 24
$-3.0M
Q2 24
$-4.9M
Q1 24
$-3.7M
Q4 23
$-7.6M
Q3 23
$-6.2M
Q2 23
$-10.9M
FCF Margin
HCWB
HCWB
JF
JF
Q2 25
Q4 24
-746.8%
Q3 24
-695.0%
Q2 24
-788.7%
Q1 24
-331.4%
Q4 23
-574.8%
Q3 23
-729.0%
Q2 23
-1757.9%
Capex Intensity
HCWB
HCWB
JF
JF
Q2 25
Q4 24
28.7%
Q3 24
8.7%
Q2 24
3.0%
Q1 24
11.5%
Q4 23
280.6%
Q3 23
73.9%
Q2 23
249.9%

Financial Flow Comparison

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

Related Comparisons