vs
Side-by-side financial comparison of Immunocore Holdings plc (IMCR) and PAMT CORP (PAMT). Click either name above to swap in a different company.
PAMT CORP is the larger business by last-quarter revenue ($141.3M vs $104.5M, roughly 1.4× Immunocore Holdings plc). On growth, Immunocore Holdings plc posted the faster year-over-year revenue change (24.3% vs -15.1%). PAMT CORP produced more free cash flow last quarter ($-25.0M vs $-35.5M). Over the past eight quarters, Immunocore Holdings plc's revenue compounded faster (21.7% CAGR vs -12.0%).
Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.
IMCR vs PAMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.5M | $141.3M |
| Net Profit | — | $-29.3M |
| Gross Margin | 97.4% | — |
| Operating Margin | -18.8% | -27.0% |
| Net Margin | — | -20.7% |
| Revenue YoY | 24.3% | -15.1% |
| Net Profit YoY | — | 7.4% |
| EPS (diluted) | $-0.61 | $-1.38 |
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 | $141.3M | ||
| Q3 25 | $103.7M | $150.3M | ||
| Q2 25 | $98.0M | $151.1M | ||
| Q1 25 | $93.9M | $155.3M | ||
| Q4 24 | $84.1M | $166.5M | ||
| Q3 24 | $80.2M | $182.6M | ||
| Q2 24 | $75.4M | $182.9M | ||
| Q1 24 | $70.5M | $182.6M |
| Q4 25 | — | $-29.3M | ||
| Q3 25 | $-177.0K | $-5.6M | ||
| Q2 25 | $-10.3M | $-9.6M | ||
| Q1 25 | $5.0M | $-8.1M | ||
| Q4 24 | — | $-31.6M | ||
| Q3 24 | $8.7M | $2.4M | ||
| Q2 24 | $-11.6M | $-2.9M | ||
| Q1 24 | $-24.4M | $281.0K |
| 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% | -27.0% | ||
| Q3 25 | -6.9% | -3.8% | ||
| Q2 25 | -15.2% | -7.3% | ||
| Q1 25 | -3.9% | -5.9% | ||
| Q4 24 | -23.1% | -22.6% | ||
| Q3 24 | -10.6% | 1.3% | ||
| Q2 24 | -21.2% | -0.4% | ||
| Q1 24 | -37.6% | -0.4% |
| Q4 25 | — | -20.7% | ||
| Q3 25 | -0.2% | -3.7% | ||
| Q2 25 | -10.5% | -6.4% | ||
| Q1 25 | 5.4% | -5.2% | ||
| Q4 24 | — | -19.0% | ||
| Q3 24 | 10.9% | 1.3% | ||
| Q2 24 | -15.4% | -1.6% | ||
| Q1 24 | -34.7% | 0.2% |
| Q4 25 | $-0.61 | $-1.38 | ||
| Q3 25 | $0.00 | $-0.27 | ||
| Q2 25 | $-0.20 | $-0.46 | ||
| Q1 25 | $0.10 | $-0.37 | ||
| Q4 24 | $-0.47 | $-1.44 | ||
| Q3 24 | $0.17 | $0.11 | ||
| Q2 24 | $-0.23 | $-0.13 | ||
| Q1 24 | $-0.49 | $0.01 |
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 | $83.7M |
| Total DebtLower is stronger | — | $333.9M |
| Stockholders' EquityBook value | $381.0M | $210.5M |
| Total Assets | $1.1B | $697.9M |
| Debt / EquityLower = less leverage | — | 1.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.2M | $83.7M | ||
| Q3 25 | $892.4M | $115.6M | ||
| Q2 25 | $882.8M | $117.3M | ||
| Q1 25 | $837.0M | $102.7M | ||
| Q4 24 | $820.4M | $110.7M | ||
| Q3 24 | $901.3M | $92.3M | ||
| Q2 24 | $859.6M | $114.0M | ||
| Q1 24 | $832.8M | $125.8M |
| Q4 25 | — | $333.9M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $325.6M | ||
| Q3 24 | $438.7M | — | ||
| Q2 24 | $452.5M | — | ||
| Q1 24 | $452.5M | — |
| Q4 25 | $381.0M | $210.5M | ||
| Q3 25 | $396.6M | $239.5M | ||
| Q2 25 | $388.5M | $244.9M | ||
| Q1 25 | $378.5M | $269.6M | ||
| Q4 24 | $360.7M | $277.5M | ||
| Q3 24 | $377.8M | $308.9M | ||
| Q2 24 | $359.1M | $306.7M | ||
| Q1 24 | $359.5M | $314.6M |
| Q4 25 | $1.1B | $697.9M | ||
| Q3 25 | $1.1B | $715.2M | ||
| Q2 25 | $1.1B | $707.9M | ||
| Q1 25 | $1.0B | $712.6M | ||
| Q4 24 | $1.0B | $741.7M | ||
| Q3 24 | $1.1B | $756.7M | ||
| Q2 24 | $1.0B | $733.5M | ||
| Q1 24 | $994.0M | $746.4M |
| Q4 25 | — | 1.59× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.17× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $-35.5M | $-25.0M |
| FCF MarginFCF / Revenue | -34.0% | -17.7% |
| Capex IntensityCapex / Revenue | 2.8% | 13.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-15.1M | $-23.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-32.7M | $-5.8M | ||
| Q3 25 | $-4.5M | $5.9M | ||
| Q2 25 | $26.0M | $12.2M | ||
| Q1 25 | $435.0K | $5.0M | ||
| Q4 24 | $-14.0M | $15.2M | ||
| Q3 24 | $21.1M | $15.5M | ||
| Q2 24 | $23.5M | $18.7M | ||
| Q1 24 | $-4.6M | $9.6M |
| Q4 25 | $-35.5M | $-25.0M | ||
| Q3 25 | $-5.2M | $2.5M | ||
| Q2 25 | $25.6M | $5.9M | ||
| Q1 25 | $137.0K | $-6.8M | ||
| Q4 24 | $-17.5M | $-39.9M | ||
| Q3 24 | $20.3M | $-33.6M | ||
| Q2 24 | $23.1M | $4.1M | ||
| Q1 24 | $-5.0M | $-12.2M |
| Q4 25 | -34.0% | -17.7% | ||
| Q3 25 | -5.0% | 1.7% | ||
| Q2 25 | 26.1% | 3.9% | ||
| Q1 25 | 0.1% | -4.4% | ||
| Q4 24 | -20.9% | -24.0% | ||
| Q3 24 | 25.3% | -18.4% | ||
| Q2 24 | 30.7% | 2.2% | ||
| Q1 24 | -7.1% | -6.7% |
| Q4 25 | 2.8% | 13.6% | ||
| Q3 25 | 0.7% | 2.3% | ||
| Q2 25 | 0.4% | 4.2% | ||
| Q1 25 | 0.3% | 7.6% | ||
| Q4 24 | 4.3% | 33.1% | ||
| Q3 24 | 1.0% | 26.9% | ||
| Q2 24 | 0.4% | 8.0% | ||
| Q1 24 | 0.6% | 12.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.42× | 6.44× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 34.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IMCR
Segment breakdown not available.
PAMT
| Freight Transportation Service | $123.1M | 87% |
| Fuel Surcharge | $18.2M | 13% |
