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Side-by-side financial comparison of HERON THERAPEUTICS, INC. (HRTX) and KINGSTONE COMPANIES, INC. (KINS). Click either name above to swap in a different company.

KINGSTONE COMPANIES, INC. is the larger business by last-quarter revenue ($56.4M vs $40.6M, roughly 1.4× HERON THERAPEUTICS, INC.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs -7.3%, a 33.4% gap on every dollar of revenue. On growth, KINGSTONE COMPANIES, INC. posted the faster year-over-year revenue change (34.0% vs -0.5%). Over the past eight quarters, KINGSTONE COMPANIES, INC.'s revenue compounded faster (25.6% CAGR vs 8.2%).

Antibe Therapeutics was a Toronto-based pharmaceutical company that develops pain and inflammation-reducing drugs based on gaseous mediator technology. Antibe was founded by John L. Wallace, also a co-founder of NicOx, the first company to develop drugs utilizing gaseous mediators. Founded in 2009, the company listed on the TSX Venture Exchange in 2013 and was moved to the Toronto Stock Exchange in November 2020. In 2015, Antibe acquired Citagenix, a distributor involved in regenerative medic...

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

HRTX vs KINS — Head-to-Head

Bigger by revenue
KINS
KINS
1.4× larger
KINS
$56.4M
$40.6M
HRTX
Growing faster (revenue YoY)
KINS
KINS
+34.5% gap
KINS
34.0%
-0.5%
HRTX
Higher net margin
KINS
KINS
33.4% more per $
KINS
26.2%
-7.3%
HRTX
Faster 2-yr revenue CAGR
KINS
KINS
Annualised
KINS
25.6%
8.2%
HRTX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HRTX
HRTX
KINS
KINS
Revenue
$40.6M
$56.4M
Net Profit
$-3.0M
$14.8M
Gross Margin
72.6%
Operating Margin
0.1%
32.7%
Net Margin
-7.3%
26.2%
Revenue YoY
-0.5%
34.0%
Net Profit YoY
-180.6%
171.4%
EPS (diluted)
$-0.01
$1.09

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
HRTX
HRTX
KINS
KINS
Q4 25
$40.6M
$56.4M
Q3 25
$38.2M
$55.7M
Q2 25
$37.2M
$52.3M
Q1 25
$38.9M
$50.5M
Q4 24
$40.8M
$42.1M
Q3 24
$32.8M
$40.8M
Q2 24
$36.0M
$36.5M
Q1 24
$34.7M
$35.8M
Net Profit
HRTX
HRTX
KINS
KINS
Q4 25
$-3.0M
$14.8M
Q3 25
$-17.5M
$10.9M
Q2 25
$-2.4M
$11.3M
Q1 25
$2.6M
$3.9M
Q4 24
$3.7M
$5.4M
Q3 24
$-4.8M
$7.0M
Q2 24
$-9.2M
$4.5M
Q1 24
$-3.2M
$1.4M
Gross Margin
HRTX
HRTX
KINS
KINS
Q4 25
72.6%
Q3 25
68.8%
Q2 25
73.5%
Q1 25
78.3%
Q4 24
74.9%
Q3 24
71.2%
Q2 24
70.8%
Q1 24
75.6%
Operating Margin
HRTX
HRTX
KINS
KINS
Q4 25
0.1%
32.7%
Q3 25
-10.7%
24.6%
Q2 25
-4.4%
27.1%
Q1 25
8.1%
9.3%
Q4 24
10.2%
15.9%
Q3 24
-13.6%
22.3%
Q2 24
-17.9%
15.7%
Q1 24
-13.8%
5.0%
Net Margin
HRTX
HRTX
KINS
KINS
Q4 25
-7.3%
26.2%
Q3 25
-45.8%
19.5%
Q2 25
-6.4%
21.5%
Q1 25
6.8%
7.7%
Q4 24
9.0%
12.9%
Q3 24
-14.8%
17.1%
Q2 24
-25.6%
12.4%
Q1 24
-9.1%
4.0%
EPS (diluted)
HRTX
HRTX
KINS
KINS
Q4 25
$-0.01
$1.09
Q3 25
$-0.10
$0.74
Q2 25
$-0.02
$0.78
Q1 25
$0.01
$0.27
Q4 24
$0.02
$0.44
Q3 24
$-0.03
$0.55
Q2 24
$-0.06
$0.37
Q1 24
$-0.02
$0.12

Balance Sheet & Financial Strength

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

Metric
HRTX
HRTX
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$28.6M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$14.3M
$122.7M
Total Assets
$255.9M
$453.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRTX
HRTX
KINS
KINS
Q4 25
$28.6M
Q3 25
$43.1M
Q2 25
$16.5M
Q1 25
$19.3M
Q4 24
$25.8M
Q3 24
$25.7M
Q2 24
$18.4M
Q1 24
$20.4M
Total Debt
HRTX
HRTX
KINS
KINS
Q4 25
$4.4M
Q3 25
$4.8M
Q2 25
$5.1M
Q1 25
$5.4M
Q4 24
$11.2M
Q3 24
$17.3M
Q2 24
$25.3M
Q1 24
$25.3M
Stockholders' Equity
HRTX
HRTX
KINS
KINS
Q4 25
$14.3M
$122.7M
Q3 25
$14.9M
$107.7M
Q2 25
$-27.3M
$94.9M
Q1 25
$-28.5M
$82.2M
Q4 24
$-33.7M
$66.7M
Q3 24
$-40.0M
$59.7M
Q2 24
$-37.9M
$40.8M
Q1 24
$-33.8M
$35.7M
Total Assets
HRTX
HRTX
KINS
KINS
Q4 25
$255.9M
$453.4M
Q3 25
$248.9M
$428.6M
Q2 25
$232.1M
$393.4M
Q1 25
$235.8M
$385.4M
Q4 24
$233.1M
$374.9M
Q3 24
$220.8M
$347.0M
Q2 24
$218.1M
$319.8M
Q1 24
$217.9M
$318.3M
Debt / Equity
HRTX
HRTX
KINS
KINS
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.05×
Q1 25
0.07×
Q4 24
0.17×
Q3 24
0.29×
Q2 24
0.62×
Q1 24
0.71×

Cash Flow & Capital Efficiency

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

Metric
HRTX
HRTX
KINS
KINS
Operating Cash FlowLast quarter
$-9.2M
$75.9M
Free Cash FlowOCF − Capex
$73.1M
FCF MarginFCF / Revenue
129.5%
Capex IntensityCapex / Revenue
0.0%
5.0%
Cash ConversionOCF / Net Profit
5.14×
TTM Free Cash FlowTrailing 4 quarters
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HRTX
HRTX
KINS
KINS
Q4 25
$-9.2M
$75.9M
Q3 25
$1.3M
$25.9M
Q2 25
$-10.9M
$9.3M
Q1 25
$-8.9M
$17.9M
Q4 24
$-11.8M
$57.9M
Q3 24
$3.4M
$21.7M
Q2 24
$-4.6M
$7.1M
Q1 24
$-9.5M
$6.1M
Free Cash Flow
HRTX
HRTX
KINS
KINS
Q4 25
$73.1M
Q3 25
$25.3M
Q2 25
$-11.1M
$8.7M
Q1 25
$-9.0M
$17.0M
Q4 24
$55.6M
Q3 24
$2.9M
$21.0M
Q2 24
$6.6M
Q1 24
$5.6M
FCF Margin
HRTX
HRTX
KINS
KINS
Q4 25
129.5%
Q3 25
45.4%
Q2 25
-29.8%
16.6%
Q1 25
-23.1%
33.7%
Q4 24
132.1%
Q3 24
9.0%
51.6%
Q2 24
18.1%
Q1 24
15.5%
Capex Intensity
HRTX
HRTX
KINS
KINS
Q4 25
0.0%
5.0%
Q3 25
0.0%
1.2%
Q2 25
0.6%
1.1%
Q1 25
0.3%
1.7%
Q4 24
5.6%
Q3 24
1.3%
1.7%
Q2 24
1.4%
Q1 24
1.5%
Cash Conversion
HRTX
HRTX
KINS
KINS
Q4 25
5.14×
Q3 25
2.38×
Q2 25
0.82×
Q1 25
-3.37×
4.60×
Q4 24
-3.22×
10.65×
Q3 24
3.12×
Q2 24
1.58×
Q1 24
4.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HRTX
HRTX

CINVANTI$22.9M56%
ZYNRELEF$12.5M31%
Aponvie$3.8M9%
SUSTOL$1.3M3%

KINS
KINS

Segment breakdown not available.

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