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

GLADSTONE LAND Corp is the larger business by last-quarter revenue ($41.5M vs $40.6M, roughly 1.0× HERON THERAPEUTICS, INC.). GLADSTONE LAND Corp runs the higher net margin — 10.2% vs -7.3%, a 17.4% gap on every dollar of revenue. On growth, GLADSTONE LAND Corp posted the faster year-over-year revenue change (96.5% vs -0.5%). Over the past eight quarters, GLADSTONE LAND Corp's revenue compounded faster (43.1% 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...

Hongkong Land (HKL) is a property investment, management and development group with commercial and residential property interests across Asia. It owns and manages some 850,000 sq. m. of office and retail property in Asia, principally in Hong Kong and Singapore. Its Hong Kong portfolio represents some 450,000 sq. m. of commercial property, making it the single largest landlord in Central, Hong Kong. In Singapore it has 165,000 sq. m. of office space mainly held through joint ventures. While it...

HRTX vs LAND — Head-to-Head

Bigger by revenue
LAND
LAND
1.0× larger
LAND
$41.5M
$40.6M
HRTX
Growing faster (revenue YoY)
LAND
LAND
+97.0% gap
LAND
96.5%
-0.5%
HRTX
Higher net margin
LAND
LAND
17.4% more per $
LAND
10.2%
-7.3%
HRTX
Faster 2-yr revenue CAGR
LAND
LAND
Annualised
LAND
43.1%
8.2%
HRTX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HRTX
HRTX
LAND
LAND
Revenue
$40.6M
$41.5M
Net Profit
$-3.0M
$4.2M
Gross Margin
72.6%
Operating Margin
0.1%
Net Margin
-7.3%
10.2%
Revenue YoY
-0.5%
96.5%
Net Profit YoY
-180.6%
680.0%
EPS (diluted)
$-0.01
$-0.05

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
LAND
LAND
Q4 25
$40.6M
$41.5M
Q3 25
$38.2M
$17.8M
Q2 25
$37.2M
$12.3M
Q1 25
$38.9M
$16.8M
Q4 24
$40.8M
$21.1M
Q3 24
$32.8M
$22.6M
Q2 24
$36.0M
$21.3M
Q1 24
$34.7M
$20.3M
Net Profit
HRTX
HRTX
LAND
LAND
Q4 25
$-3.0M
$4.2M
Q3 25
$-17.5M
$2.1M
Q2 25
$-2.4M
$-7.9M
Q1 25
$2.6M
$15.1M
Q4 24
$3.7M
$540.0K
Q3 24
$-4.8M
$6.0K
Q2 24
$-9.2M
$-823.0K
Q1 24
$-3.2M
$13.6M
Gross Margin
HRTX
HRTX
LAND
LAND
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
LAND
LAND
Q4 25
0.1%
Q3 25
-10.7%
Q2 25
-4.4%
Q1 25
8.1%
Q4 24
10.2%
Q3 24
-13.6%
Q2 24
-17.9%
Q1 24
-13.8%
Net Margin
HRTX
HRTX
LAND
LAND
Q4 25
-7.3%
10.2%
Q3 25
-45.8%
11.7%
Q2 25
-6.4%
-64.1%
Q1 25
6.8%
89.9%
Q4 24
9.0%
2.6%
Q3 24
-14.8%
0.0%
Q2 24
-25.6%
-3.9%
Q1 24
-9.1%
67.0%
EPS (diluted)
HRTX
HRTX
LAND
LAND
Q4 25
$-0.01
$-0.05
Q3 25
$-0.10
$-0.11
Q2 25
$-0.02
$-0.38
Q1 25
$0.01
$0.25
Q4 24
$0.02
$-0.15
Q3 24
$-0.03
$-0.16
Q2 24
$-0.06
$-0.19
Q1 24
$-0.02
$0.21

Balance Sheet & Financial Strength

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

Metric
HRTX
HRTX
LAND
LAND
Cash + ST InvestmentsLiquidity on hand
$28.6M
$27.2M
Total DebtLower is stronger
$473.6M
Stockholders' EquityBook value
$14.3M
$670.3M
Total Assets
$255.9M
$1.2B
Debt / EquityLower = less leverage
0.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRTX
HRTX
LAND
LAND
Q4 25
$28.6M
$27.2M
Q3 25
$43.1M
$11.3M
Q2 25
$16.5M
$30.5M
Q1 25
$19.3M
$42.9M
Q4 24
$25.8M
$18.3M
Q3 24
$25.7M
$13.2M
Q2 24
$18.4M
$49.8M
Q1 24
$20.4M
$51.6M
Total Debt
HRTX
HRTX
LAND
LAND
Q4 25
$473.6M
Q3 25
$480.4M
Q2 25
$496.4M
Q1 25
$498.8M
Q4 24
$527.5M
Q3 24
$530.7M
Q2 24
$549.4M
Q1 24
$552.2M
Stockholders' Equity
HRTX
HRTX
LAND
LAND
Q4 25
$14.3M
$670.3M
Q3 25
$14.9M
$661.8M
Q2 25
$-27.3M
$670.1M
Q1 25
$-28.5M
$689.9M
Q4 24
$-33.7M
$687.2M
Q3 24
$-40.0M
$691.2M
Q2 24
$-37.9M
$708.5M
Q1 24
$-33.8M
$723.3M
Total Assets
HRTX
HRTX
LAND
LAND
Q4 25
$255.9M
$1.2B
Q3 25
$248.9M
$1.2B
Q2 25
$232.1M
$1.3B
Q1 25
$235.8M
$1.3B
Q4 24
$233.1M
$1.3B
Q3 24
$220.8M
$1.3B
Q2 24
$218.1M
$1.4B
Q1 24
$217.9M
$1.4B
Debt / Equity
HRTX
HRTX
LAND
LAND
Q4 25
0.71×
Q3 25
0.73×
Q2 25
0.74×
Q1 25
0.72×
Q4 24
0.77×
Q3 24
0.77×
Q2 24
0.78×
Q1 24
0.76×

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
LAND
LAND
Operating Cash FlowLast quarter
$-9.2M
$7.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.66×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HRTX
HRTX
LAND
LAND
Q4 25
$-9.2M
$7.0M
Q3 25
$1.3M
$-12.0M
Q2 25
$-10.9M
$3.9M
Q1 25
$-8.9M
$4.5M
Q4 24
$-11.8M
$29.5M
Q3 24
$3.4M
$-1.4M
Q2 24
$-4.6M
$15.9M
Q1 24
$-9.5M
$3.4M
Free Cash Flow
HRTX
HRTX
LAND
LAND
Q4 25
Q3 25
Q2 25
$-11.1M
Q1 25
$-9.0M
Q4 24
Q3 24
$2.9M
Q2 24
Q1 24
FCF Margin
HRTX
HRTX
LAND
LAND
Q4 25
Q3 25
Q2 25
-29.8%
Q1 25
-23.1%
Q4 24
Q3 24
9.0%
Q2 24
Q1 24
Capex Intensity
HRTX
HRTX
LAND
LAND
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
Q3 24
1.3%
Q2 24
Q1 24
Cash Conversion
HRTX
HRTX
LAND
LAND
Q4 25
1.66×
Q3 25
-5.77×
Q2 25
Q1 25
-3.37×
0.30×
Q4 24
-3.22×
54.72×
Q3 24
-227.83×
Q2 24
Q1 24
0.25×

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%

LAND
LAND

Segment breakdown not available.

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