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Side-by-side financial comparison of Immunocore Holdings plc (IMCR) and OFG BANCORP (OFG). Click either name above to swap in a different company.
OFG BANCORP is the larger business by last-quarter revenue ($184.3M vs $104.5M, roughly 1.8× Immunocore Holdings plc). On growth, Immunocore Holdings plc posted the faster year-over-year revenue change (24.3% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $-35.5M). Over the past eight quarters, Immunocore Holdings plc's revenue compounded faster (21.7% CAGR vs 2.8%).
Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
IMCR vs OFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.5M | $184.3M |
| Net Profit | — | $55.9M |
| Gross Margin | 97.4% | — |
| Operating Margin | -18.8% | 25.7% |
| Net Margin | — | 30.3% |
| Revenue YoY | 24.3% | 0.9% |
| Net Profit YoY | — | 11.0% |
| EPS (diluted) | $-0.61 | $1.27 |
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.
| Q4 25 | $104.5M | $184.3M | ||
| Q3 25 | $103.7M | $186.2M | ||
| Q2 25 | $98.0M | $182.4M | ||
| Q1 25 | $93.9M | $178.6M | ||
| Q4 24 | $84.1M | $182.7M | ||
| Q3 24 | $80.2M | $174.7M | ||
| Q2 24 | $75.4M | $179.8M | ||
| Q1 24 | $70.5M | $174.4M |
| Q4 25 | — | $55.9M | ||
| Q3 25 | $-177.0K | $51.8M | ||
| Q2 25 | $-10.3M | $51.8M | ||
| Q1 25 | $5.0M | $45.6M | ||
| Q4 24 | — | $50.3M | ||
| Q3 24 | $8.7M | $47.0M | ||
| Q2 24 | $-11.6M | $51.1M | ||
| Q1 24 | $-24.4M | $49.7M |
| Q4 25 | 97.4% | — | ||
| Q3 25 | 99.5% | — | ||
| Q2 25 | 98.9% | — | ||
| Q1 25 | 99.1% | — | ||
| Q4 24 | 99.6% | — | ||
| Q3 24 | 99.4% | — | ||
| Q2 24 | 97.7% | — | ||
| Q1 24 | 99.7% | — |
| Q4 25 | -18.8% | 25.7% | ||
| Q3 25 | -6.9% | 33.0% | ||
| Q2 25 | -15.2% | 36.1% | ||
| Q1 25 | -3.9% | 33.3% | ||
| Q4 24 | -23.1% | 28.9% | ||
| Q3 24 | -10.6% | 35.4% | ||
| Q2 24 | -21.2% | 39.6% | ||
| Q1 24 | -37.6% | 38.9% |
| Q4 25 | — | 30.3% | ||
| Q3 25 | -0.2% | 27.8% | ||
| Q2 25 | -10.5% | 28.4% | ||
| Q1 25 | 5.4% | 25.5% | ||
| Q4 24 | — | 27.6% | ||
| Q3 24 | 10.9% | 26.9% | ||
| Q2 24 | -15.4% | 28.4% | ||
| Q1 24 | -34.7% | 28.5% |
| Q4 25 | $-0.61 | $1.27 | ||
| Q3 25 | $0.00 | $1.16 | ||
| Q2 25 | $-0.20 | $1.15 | ||
| Q1 25 | $0.10 | $1.00 | ||
| Q4 24 | $-0.47 | $1.10 | ||
| Q3 24 | $0.17 | $1.00 | ||
| Q2 24 | $-0.23 | $1.08 | ||
| Q1 24 | $-0.49 | $1.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $864.2M | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $381.0M | $1.4B |
| Total Assets | $1.1B | $12.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.2M | $1.0B | ||
| Q3 25 | $892.4M | $740.3M | ||
| Q2 25 | $882.8M | $851.8M | ||
| Q1 25 | $837.0M | $710.6M | ||
| Q4 24 | $820.4M | $591.1M | ||
| Q3 24 | $901.3M | $680.6M | ||
| Q2 24 | $859.6M | $740.4M | ||
| Q1 24 | $832.8M | $754.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $438.7M | — | ||
| Q2 24 | $452.5M | — | ||
| Q1 24 | $452.5M | — |
| Q4 25 | $381.0M | $1.4B | ||
| Q3 25 | $396.6M | $1.4B | ||
| Q2 25 | $388.5M | $1.3B | ||
| Q1 25 | $378.5M | $1.3B | ||
| Q4 24 | $360.7M | $1.3B | ||
| Q3 24 | $377.8M | $1.3B | ||
| Q2 24 | $359.1M | $1.2B | ||
| Q1 24 | $359.5M | $1.2B |
| Q4 25 | $1.1B | $12.5B | ||
| Q3 25 | $1.1B | $12.2B | ||
| Q2 25 | $1.1B | $12.2B | ||
| Q1 25 | $1.0B | $11.7B | ||
| Q4 24 | $1.0B | $11.5B | ||
| Q3 24 | $1.1B | $11.5B | ||
| Q2 24 | $1.0B | $11.3B | ||
| Q1 24 | $994.0M | $11.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.16× | — | ||
| Q2 24 | 1.26× | — | ||
| Q1 24 | 1.26× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-32.7M | $217.7M |
| Free Cash FlowOCF − Capex | $-35.5M | $199.3M |
| FCF MarginFCF / Revenue | -34.0% | 108.1% |
| Capex IntensityCapex / Revenue | 2.8% | 10.0% |
| Cash ConversionOCF / Net Profit | — | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $-15.1M | $345.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-32.7M | $217.7M | ||
| Q3 25 | $-4.5M | $39.5M | ||
| Q2 25 | $26.0M | $35.9M | ||
| Q1 25 | $435.0K | $83.1M | ||
| Q4 24 | $-14.0M | $252.5M | ||
| Q3 24 | $21.1M | $58.1M | ||
| Q2 24 | $23.5M | $95.1M | ||
| Q1 24 | $-4.6M | $61.0M |
| Q4 25 | $-35.5M | $199.3M | ||
| Q3 25 | $-5.2M | $35.5M | ||
| Q2 25 | $25.6M | $31.8M | ||
| Q1 25 | $137.0K | $78.7M | ||
| Q4 24 | $-17.5M | $231.2M | ||
| Q3 24 | $20.3M | $51.8M | ||
| Q2 24 | $23.1M | $90.4M | ||
| Q1 24 | $-5.0M | $54.8M |
| Q4 25 | -34.0% | 108.1% | ||
| Q3 25 | -5.0% | 19.1% | ||
| Q2 25 | 26.1% | 17.4% | ||
| Q1 25 | 0.1% | 44.1% | ||
| Q4 24 | -20.9% | 126.5% | ||
| Q3 24 | 25.3% | 29.6% | ||
| Q2 24 | 30.7% | 50.3% | ||
| Q1 24 | -7.1% | 31.4% |
| Q4 25 | 2.8% | 10.0% | ||
| Q3 25 | 0.7% | 2.1% | ||
| Q2 25 | 0.4% | 2.3% | ||
| Q1 25 | 0.3% | 2.4% | ||
| Q4 24 | 4.3% | 11.7% | ||
| Q3 24 | 1.0% | 3.6% | ||
| Q2 24 | 0.4% | 2.6% | ||
| Q1 24 | 0.6% | 3.5% |
| Q4 25 | — | 3.90× | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | 0.09× | 1.82× | ||
| Q4 24 | — | 5.02× | ||
| Q3 24 | 2.42× | 1.24× | ||
| Q2 24 | — | 1.86× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
