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Side-by-side financial comparison of Harmony Biosciences Holdings, Inc. (HRMY) and KRONOS WORLDWIDE INC (KRO). Click either name above to swap in a different company.

KRONOS WORLDWIDE INC is the larger business by last-quarter revenue ($418.3M vs $243.8M, roughly 1.7× Harmony Biosciences Holdings, Inc.). Harmony Biosciences Holdings, Inc. runs the higher net margin — 9.2% vs -19.8%, a 29.0% gap on every dollar of revenue. On growth, Harmony Biosciences Holdings, Inc. posted the faster year-over-year revenue change (21.1% vs -1.1%). Harmony Biosciences Holdings, Inc. produced more free cash flow last quarter ($126.0M vs $81.9M). Over the past eight quarters, Harmony Biosciences Holdings, Inc.'s revenue compounded faster (25.6% CAGR vs -6.5%).

Harmony Biosciences Holdings, Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing innovative therapies for rare neurological and central nervous system disorders. Its primary market is the United States, with its core product serving patients living with narcolepsy and other sleep-related CNS conditions across adult and pediatric segments.

Kronos Incorporated was an American multinational workforce management and human capital management cloud provider headquartered in Lowell, Massachusetts, United States, which employed more than 6,000 people worldwide.

HRMY vs KRO — Head-to-Head

Bigger by revenue
KRO
KRO
1.7× larger
KRO
$418.3M
$243.8M
HRMY
Growing faster (revenue YoY)
HRMY
HRMY
+22.3% gap
HRMY
21.1%
-1.1%
KRO
Higher net margin
HRMY
HRMY
29.0% more per $
HRMY
9.2%
-19.8%
KRO
More free cash flow
HRMY
HRMY
$44.1M more FCF
HRMY
$126.0M
$81.9M
KRO
Faster 2-yr revenue CAGR
HRMY
HRMY
Annualised
HRMY
25.6%
-6.5%
KRO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HRMY
HRMY
KRO
KRO
Revenue
$243.8M
$418.3M
Net Profit
$22.5M
$-82.8M
Gross Margin
71.9%
-0.9%
Operating Margin
15.8%
-15.1%
Net Margin
9.2%
-19.8%
Revenue YoY
21.1%
-1.1%
Net Profit YoY
-54.6%
-527.3%
EPS (diluted)
$0.38
$-0.72

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
HRMY
HRMY
KRO
KRO
Q4 25
$243.8M
$418.3M
Q3 25
$239.5M
$456.9M
Q2 25
$200.5M
$494.4M
Q1 25
$184.7M
$489.8M
Q4 24
$201.3M
$423.1M
Q3 24
$186.0M
$484.7M
Q2 24
$172.8M
$500.5M
Q1 24
$154.6M
$478.8M
Net Profit
HRMY
HRMY
KRO
KRO
Q4 25
$22.5M
$-82.8M
Q3 25
$50.9M
$-37.0M
Q2 25
$39.8M
$-9.2M
Q1 25
$45.6M
$18.1M
Q4 24
$49.5M
$-13.2M
Q3 24
$46.1M
$71.8M
Q2 24
$11.6M
$19.5M
Q1 24
$38.3M
$8.1M
Gross Margin
HRMY
HRMY
KRO
KRO
Q4 25
71.9%
-0.9%
Q3 25
75.1%
10.3%
Q2 25
81.0%
12.7%
Q1 25
82.7%
21.8%
Q4 24
73.0%
20.4%
Q3 24
77.0%
20.9%
Q2 24
81.4%
20.0%
Q1 24
82.2%
14.9%
Operating Margin
HRMY
HRMY
KRO
KRO
Q4 25
15.8%
-15.1%
Q3 25
27.3%
-4.2%
Q2 25
24.0%
1.5%
Q1 25
30.4%
7.8%
Q4 24
27.7%
6.8%
Q3 24
33.2%
8.0%
Q2 24
12.4%
7.2%
Q1 24
33.7%
4.1%
Net Margin
HRMY
HRMY
KRO
KRO
Q4 25
9.2%
-19.8%
Q3 25
21.2%
-8.1%
Q2 25
19.8%
-1.9%
Q1 25
24.7%
3.7%
Q4 24
24.6%
-3.1%
Q3 24
24.8%
14.8%
Q2 24
6.7%
3.9%
Q1 24
24.8%
1.7%
EPS (diluted)
HRMY
HRMY
KRO
KRO
Q4 25
$0.38
$-0.72
Q3 25
$0.87
$-0.32
Q2 25
$0.68
$-0.08
Q1 25
$0.78
$0.16
Q4 24
$0.85
$-0.11
Q3 24
$0.79
$0.62
Q2 24
$0.20
$0.17
Q1 24
$0.67
$0.07

Balance Sheet & Financial Strength

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

Metric
HRMY
HRMY
KRO
KRO
Cash + ST InvestmentsLiquidity on hand
$775.3M
$33.2M
Total DebtLower is stronger
$163.7M
$557.4M
Stockholders' EquityBook value
$870.2M
$751.1M
Total Assets
$1.3B
$1.8B
Debt / EquityLower = less leverage
0.19×
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRMY
HRMY
KRO
KRO
Q4 25
$775.3M
$33.2M
Q3 25
$672.6M
$27.7M
Q2 25
$565.3M
$18.9M
Q1 25
$507.0M
$20.5M
Q4 24
$467.2M
$106.7M
Q3 24
$410.5M
$94.8M
Q2 24
$346.9M
$133.8M
Q1 24
$372.4M
$120.7M
Total Debt
HRMY
HRMY
KRO
KRO
Q4 25
$163.7M
$557.4M
Q3 25
$168.5M
$626.2M
Q2 25
$172.1M
$589.3M
Q1 25
$175.7M
$557.2M
Q4 24
$179.3M
$507.4M
Q3 24
$182.8M
$554.3M
Q2 24
$186.4M
$423.7M
Q1 24
$190.0M
$426.9M
Stockholders' Equity
HRMY
HRMY
KRO
KRO
Q4 25
$870.2M
$751.1M
Q3 25
$835.1M
$804.7M
Q2 25
$773.1M
$846.8M
Q1 25
$720.5M
$847.0M
Q4 24
$659.2M
$817.0M
Q3 24
$596.8M
$847.4M
Q2 24
$538.6M
$774.6M
Q1 24
$515.4M
$774.4M
Total Assets
HRMY
HRMY
KRO
KRO
Q4 25
$1.3B
$1.8B
Q3 25
$1.2B
$1.9B
Q2 25
$1.1B
$1.9B
Q1 25
$1.1B
$1.9B
Q4 24
$999.2M
$1.9B
Q3 24
$928.1M
$1.9B
Q2 24
$858.4M
$1.7B
Q1 24
$847.0M
$1.7B
Debt / Equity
HRMY
HRMY
KRO
KRO
Q4 25
0.19×
0.74×
Q3 25
0.20×
0.78×
Q2 25
0.22×
0.70×
Q1 25
0.24×
0.66×
Q4 24
0.27×
0.62×
Q3 24
0.31×
0.65×
Q2 24
0.35×
0.55×
Q1 24
0.37×
0.55×

Cash Flow & Capital Efficiency

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

Metric
HRMY
HRMY
KRO
KRO
Operating Cash FlowLast quarter
$126.2M
$92.1M
Free Cash FlowOCF − Capex
$126.0M
$81.9M
FCF MarginFCF / Revenue
51.7%
19.6%
Capex IntensityCapex / Revenue
0.0%
2.4%
Cash ConversionOCF / Net Profit
5.61×
TTM Free Cash FlowTrailing 4 quarters
$347.9M
$-40.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HRMY
HRMY
KRO
KRO
Q4 25
$126.2M
$92.1M
Q3 25
$108.7M
$-7.9M
Q2 25
$79.3M
$20.7M
Q1 25
$34.0M
$-102.4M
Q4 24
$75.6M
$49.3M
Q3 24
$70.5M
$28.3M
Q2 24
$42.6M
$38.2M
Q1 24
$31.1M
$-43.3M
Free Cash Flow
HRMY
HRMY
KRO
KRO
Q4 25
$126.0M
$81.9M
Q3 25
$108.7M
$-17.4M
Q2 25
$79.3M
$9.5M
Q1 25
$33.9M
$-114.4M
Q4 24
$75.0M
$37.0M
Q3 24
$70.5M
$19.2M
Q2 24
$42.0M
$34.8M
Q1 24
$31.1M
$-48.0M
FCF Margin
HRMY
HRMY
KRO
KRO
Q4 25
51.7%
19.6%
Q3 25
45.4%
-3.8%
Q2 25
39.6%
1.9%
Q1 25
18.3%
-23.4%
Q4 24
37.3%
8.7%
Q3 24
37.9%
4.0%
Q2 24
24.3%
7.0%
Q1 24
20.1%
-10.0%
Capex Intensity
HRMY
HRMY
KRO
KRO
Q4 25
0.0%
2.4%
Q3 25
0.0%
2.1%
Q2 25
0.0%
2.3%
Q1 25
0.1%
2.4%
Q4 24
0.3%
2.9%
Q3 24
0.0%
1.9%
Q2 24
0.4%
0.7%
Q1 24
0.0%
1.0%
Cash Conversion
HRMY
HRMY
KRO
KRO
Q4 25
5.61×
Q3 25
2.14×
Q2 25
1.99×
Q1 25
0.75×
-5.66×
Q4 24
1.53×
Q3 24
1.53×
0.39×
Q2 24
3.68×
1.96×
Q1 24
0.81×
-5.35×

Financial Flow Comparison

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

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