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Side-by-side financial comparison of HERON THERAPEUTICS, INC. (HRTX) and LAKELAND FINANCIAL CORP (LKFN). Click either name above to swap in a different company.

LAKELAND FINANCIAL CORP is the larger business by last-quarter revenue ($69.7M vs $40.6M, roughly 1.7× HERON THERAPEUTICS, INC.). LAKELAND FINANCIAL CORP runs the higher net margin — 38.0% vs -7.3%, a 45.3% gap on every dollar of revenue. Over the past eight quarters, HERON THERAPEUTICS, INC.'s revenue compounded faster (8.2% CAGR vs 0.7%).

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...

Amscot Financial is an American financial services company headquartered in Tampa, Florida. Founded in 1989 by Ian MacKechnie, Amscot Financial provides non-bank consumer financial services through a network of retail branches located exclusively within Florida. Amscot's core services include check cashing, bill payment, prepaid access cards, payday loans, free money orders, ATMs in every branch, wire transfers, notary services, fax services, and postage. Amscot Financial operates nearly 240 ...

HRTX vs LKFN — Head-to-Head

Bigger by revenue
LKFN
LKFN
1.7× larger
LKFN
$69.7M
$40.6M
HRTX
Higher net margin
LKFN
LKFN
45.3% more per $
LKFN
38.0%
-7.3%
HRTX
Faster 2-yr revenue CAGR
HRTX
HRTX
Annualised
HRTX
8.2%
0.7%
LKFN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HRTX
HRTX
LKFN
LKFN
Revenue
$40.6M
$69.7M
Net Profit
$-3.0M
$26.5M
Gross Margin
72.6%
Operating Margin
0.1%
Net Margin
-7.3%
38.0%
Revenue YoY
-0.5%
Net Profit YoY
-180.6%
31.8%
EPS (diluted)
$-0.01
$1.04

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
LKFN
LKFN
Q1 26
$69.7M
Q4 25
$40.6M
$69.8M
Q3 25
$38.2M
$69.0M
Q2 25
$37.2M
$66.4M
Q1 25
$38.9M
$63.8M
Q4 24
$40.8M
$63.6M
Q3 24
$32.8M
$61.2M
Q2 24
$36.0M
$68.7M
Net Profit
HRTX
HRTX
LKFN
LKFN
Q1 26
$26.5M
Q4 25
$-3.0M
$29.9M
Q3 25
$-17.5M
$26.4M
Q2 25
$-2.4M
$27.0M
Q1 25
$2.6M
$20.1M
Q4 24
$3.7M
$24.2M
Q3 24
$-4.8M
$23.3M
Q2 24
$-9.2M
$22.5M
Gross Margin
HRTX
HRTX
LKFN
LKFN
Q1 26
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%
Operating Margin
HRTX
HRTX
LKFN
LKFN
Q1 26
Q4 25
0.1%
52.1%
Q3 25
-10.7%
46.4%
Q2 25
-4.4%
49.6%
Q1 25
8.1%
38.0%
Q4 24
10.2%
46.0%
Q3 24
-13.6%
45.3%
Q2 24
-17.9%
39.2%
Net Margin
HRTX
HRTX
LKFN
LKFN
Q1 26
38.0%
Q4 25
-7.3%
42.8%
Q3 25
-45.8%
38.3%
Q2 25
-6.4%
40.6%
Q1 25
6.8%
31.5%
Q4 24
9.0%
38.1%
Q3 24
-14.8%
38.1%
Q2 24
-25.6%
32.8%
EPS (diluted)
HRTX
HRTX
LKFN
LKFN
Q1 26
$1.04
Q4 25
$-0.01
$1.16
Q3 25
$-0.10
$1.03
Q2 25
$-0.02
$1.04
Q1 25
$0.01
$0.78
Q4 24
$0.02
$0.94
Q3 24
$-0.03
$0.91
Q2 24
$-0.06
$0.87

Balance Sheet & Financial Strength

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

Metric
HRTX
HRTX
LKFN
LKFN
Cash + ST InvestmentsLiquidity on hand
$28.6M
$85.6M
Total DebtLower is stronger
$183.6M
Stockholders' EquityBook value
$14.3M
$749.0M
Total Assets
$255.9M
$7.1B
Debt / EquityLower = less leverage
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HRTX
HRTX
LKFN
LKFN
Q1 26
$85.6M
Q4 25
$28.6M
$141.3M
Q3 25
$43.1M
$192.8M
Q2 25
$16.5M
$310.2M
Q1 25
$19.3M
$235.2M
Q4 24
$25.8M
$168.2M
Q3 24
$25.7M
$160.2M
Q2 24
$18.4M
$121.2M
Total Debt
HRTX
HRTX
LKFN
LKFN
Q1 26
$183.6M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$30.0M
Q2 24
$55.0M
Stockholders' Equity
HRTX
HRTX
LKFN
LKFN
Q1 26
$749.0M
Q4 25
$14.3M
$762.4M
Q3 25
$14.9M
$747.4M
Q2 25
$-27.3M
$709.9M
Q1 25
$-28.5M
$694.4M
Q4 24
$-33.7M
$683.8M
Q3 24
$-40.0M
$699.1M
Q2 24
$-37.9M
$654.5M
Total Assets
HRTX
HRTX
LKFN
LKFN
Q1 26
$7.1B
Q4 25
$255.9M
$7.0B
Q3 25
$248.9M
$6.9B
Q2 25
$232.1M
$7.0B
Q1 25
$235.8M
$6.9B
Q4 24
$233.1M
$6.7B
Q3 24
$220.8M
$6.6B
Q2 24
$218.1M
$6.6B
Debt / Equity
HRTX
HRTX
LKFN
LKFN
Q1 26
0.25×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.04×
Q2 24
0.08×

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

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HRTX
HRTX
LKFN
LKFN
Q1 26
Q4 25
$-9.2M
$114.9M
Q3 25
$1.3M
$36.1M
Q2 25
$-10.9M
$16.2M
Q1 25
$-8.9M
$28.9M
Q4 24
$-11.8M
$102.5M
Q3 24
$3.4M
$18.0M
Q2 24
$-4.6M
$21.0M
Free Cash Flow
HRTX
HRTX
LKFN
LKFN
Q1 26
Q4 25
$103.8M
Q3 25
$31.1M
Q2 25
$-11.1M
$14.1M
Q1 25
$-9.0M
$27.1M
Q4 24
$93.9M
Q3 24
$2.9M
$15.3M
Q2 24
$18.6M
FCF Margin
HRTX
HRTX
LKFN
LKFN
Q1 26
Q4 25
148.7%
Q3 25
45.0%
Q2 25
-29.8%
21.2%
Q1 25
-23.1%
42.5%
Q4 24
147.6%
Q3 24
9.0%
25.0%
Q2 24
27.0%
Capex Intensity
HRTX
HRTX
LKFN
LKFN
Q1 26
Q4 25
0.0%
15.9%
Q3 25
0.0%
7.3%
Q2 25
0.6%
3.2%
Q1 25
0.3%
2.8%
Q4 24
13.6%
Q3 24
1.3%
4.4%
Q2 24
3.5%
Cash Conversion
HRTX
HRTX
LKFN
LKFN
Q1 26
Q4 25
3.84×
Q3 25
1.37×
Q2 25
0.60×
Q1 25
-3.37×
1.44×
Q4 24
-3.22×
4.24×
Q3 24
0.77×
Q2 24
0.93×

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%

LKFN
LKFN

Net Interest Income$56.8M81%
Noninterest Income$12.9M19%

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