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Side-by-side financial comparison of Harmony Biosciences Holdings, Inc. (HRMY) and SL GREEN REALTY CORP (SLG). Click either name above to swap in a different company.

SL GREEN REALTY CORP is the larger business by last-quarter revenue ($276.5M vs $243.8M, roughly 1.1× Harmony Biosciences Holdings, Inc.). Harmony Biosciences Holdings, Inc. runs the higher net margin — 9.2% vs -36.5%, a 45.7% gap on every dollar of revenue. On growth, Harmony Biosciences Holdings, Inc. posted the faster year-over-year revenue change (21.1% vs 12.4%). Over the past eight quarters, Harmony Biosciences Holdings, Inc.'s revenue compounded faster (25.6% CAGR vs 21.3%).

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.

SL Green Realty Corp. is a real estate investment trust that primarily invests in office buildings and shopping centers in New York City. As of December 31, 2024, the company owned interests in 39 properties comprising 25,297,353 square feet, primarily in Manhattan. It has been referred to as "New York City’s largest office landlord".

HRMY vs SLG — Head-to-Head

Bigger by revenue
SLG
SLG
1.1× larger
SLG
$276.5M
$243.8M
HRMY
Growing faster (revenue YoY)
HRMY
HRMY
+8.7% gap
HRMY
21.1%
12.4%
SLG
Higher net margin
HRMY
HRMY
45.7% more per $
HRMY
9.2%
-36.5%
SLG
Faster 2-yr revenue CAGR
HRMY
HRMY
Annualised
HRMY
25.6%
21.3%
SLG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HRMY
HRMY
SLG
SLG
Revenue
$243.8M
$276.5M
Net Profit
$22.5M
$-100.8M
Gross Margin
71.9%
Operating Margin
15.8%
64.2%
Net Margin
9.2%
-36.5%
Revenue YoY
21.1%
12.4%
Net Profit YoY
-54.6%
-870.0%
EPS (diluted)
$0.38
$-1.49

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
SLG
SLG
Q4 25
$243.8M
$276.5M
Q3 25
$239.5M
$244.8M
Q2 25
$200.5M
$241.9M
Q1 25
$184.7M
$239.8M
Q4 24
$201.3M
$245.9M
Q3 24
$186.0M
$229.7M
Q2 24
$172.8M
$222.8M
Q1 24
$154.6M
$187.9M
Net Profit
HRMY
HRMY
SLG
SLG
Q4 25
$22.5M
$-100.8M
Q3 25
$50.9M
$28.6M
Q2 25
$39.8M
$-7.4M
Q1 25
$45.6M
$-17.3M
Q4 24
$49.5M
$19.1M
Q3 24
$46.1M
$-9.5M
Q2 24
$11.6M
$1.6M
Q1 24
$38.3M
$16.9M
Gross Margin
HRMY
HRMY
SLG
SLG
Q4 25
71.9%
Q3 25
75.1%
Q2 25
81.0%
Q1 25
82.7%
Q4 24
73.0%
Q3 24
77.0%
Q2 24
81.4%
Q1 24
82.2%
Operating Margin
HRMY
HRMY
SLG
SLG
Q4 25
15.8%
64.2%
Q3 25
27.3%
85.5%
Q2 25
24.0%
53.4%
Q1 25
30.4%
56.7%
Q4 24
27.7%
59.8%
Q3 24
33.2%
65.1%
Q2 24
12.4%
79.2%
Q1 24
33.7%
Net Margin
HRMY
HRMY
SLG
SLG
Q4 25
9.2%
-36.5%
Q3 25
21.2%
11.7%
Q2 25
19.8%
-3.0%
Q1 25
24.7%
-7.2%
Q4 24
24.6%
7.8%
Q3 24
24.8%
-4.2%
Q2 24
6.7%
0.7%
Q1 24
24.8%
9.0%
EPS (diluted)
HRMY
HRMY
SLG
SLG
Q4 25
$0.38
$-1.49
Q3 25
$0.87
$0.34
Q2 25
$0.68
$-0.16
Q1 25
$0.78
$-0.30
Q4 24
$0.85
$0.13
Q3 24
$0.79
$-0.21
Q2 24
$0.20
$-0.04
Q1 24
$0.67
$0.20

Balance Sheet & Financial Strength

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

Metric
HRMY
HRMY
SLG
SLG
Cash + ST InvestmentsLiquidity on hand
$775.3M
$155.7M
Total DebtLower is stronger
$163.7M
Stockholders' EquityBook value
$870.2M
$3.7B
Total Assets
$1.3B
$11.1B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRMY
HRMY
SLG
SLG
Q4 25
$775.3M
$155.7M
Q3 25
$672.6M
$187.0M
Q2 25
$565.3M
$182.9M
Q1 25
$507.0M
$180.1M
Q4 24
$467.2M
$184.3M
Q3 24
$410.5M
$188.2M
Q2 24
$346.9M
$199.5M
Q1 24
$372.4M
$196.0M
Total Debt
HRMY
HRMY
SLG
SLG
Q4 25
$163.7M
Q3 25
$168.5M
Q2 25
$172.1M
Q1 25
$175.7M
Q4 24
$179.3M
Q3 24
$182.8M
Q2 24
$186.4M
Q1 24
$190.0M
Stockholders' Equity
HRMY
HRMY
SLG
SLG
Q4 25
$870.2M
$3.7B
Q3 25
$835.1M
$3.8B
Q2 25
$773.1M
$3.8B
Q1 25
$720.5M
$3.8B
Q4 24
$659.2M
$4.0B
Q3 24
$596.8M
$3.6B
Q2 24
$538.6M
$3.7B
Q1 24
$515.4M
$3.7B
Total Assets
HRMY
HRMY
SLG
SLG
Q4 25
$1.3B
$11.1B
Q3 25
$1.2B
$11.1B
Q2 25
$1.1B
$11.3B
Q1 25
$1.1B
$11.4B
Q4 24
$999.2M
$10.5B
Q3 24
$928.1M
$10.2B
Q2 24
$858.4M
$9.5B
Q1 24
$847.0M
$9.8B
Debt / Equity
HRMY
HRMY
SLG
SLG
Q4 25
0.19×
Q3 25
0.20×
Q2 25
0.22×
Q1 25
0.24×
Q4 24
0.27×
Q3 24
0.31×
Q2 24
0.35×
Q1 24
0.37×

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
SLG
SLG
Operating Cash FlowLast quarter
$126.2M
$82.9M
Free Cash FlowOCF − Capex
$126.0M
FCF MarginFCF / Revenue
51.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
5.61×
TTM Free Cash FlowTrailing 4 quarters
$347.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HRMY
HRMY
SLG
SLG
Q4 25
$126.2M
$82.9M
Q3 25
$108.7M
$-6.8M
Q2 25
$79.3M
$54.5M
Q1 25
$34.0M
$6.7M
Q4 24
$75.6M
$129.6M
Q3 24
$70.5M
$16.7M
Q2 24
$42.6M
$79.4M
Q1 24
$31.1M
$-24.7M
Free Cash Flow
HRMY
HRMY
SLG
SLG
Q4 25
$126.0M
Q3 25
$108.7M
Q2 25
$79.3M
Q1 25
$33.9M
Q4 24
$75.0M
Q3 24
$70.5M
Q2 24
$42.0M
Q1 24
$31.1M
FCF Margin
HRMY
HRMY
SLG
SLG
Q4 25
51.7%
Q3 25
45.4%
Q2 25
39.6%
Q1 25
18.3%
Q4 24
37.3%
Q3 24
37.9%
Q2 24
24.3%
Q1 24
20.1%
Capex Intensity
HRMY
HRMY
SLG
SLG
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.3%
Q3 24
0.0%
Q2 24
0.4%
Q1 24
0.0%
Cash Conversion
HRMY
HRMY
SLG
SLG
Q4 25
5.61×
Q3 25
2.14×
-0.24×
Q2 25
1.99×
Q1 25
0.75×
Q4 24
1.53×
6.77×
Q3 24
1.53×
Q2 24
3.68×
50.33×
Q1 24
0.81×
-1.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HRMY
HRMY

Segment breakdown not available.

SLG
SLG

Real Estate Segment$223.1M81%
Other$35.9M13%
Debt And Preferred Equity Segment$17.4M6%

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