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Side-by-side financial comparison of Immunocore Holdings plc (IMCR) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.

STURM RUGER & CO INC is the larger business by last-quarter revenue ($151.1M 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 3.6%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M vs $-35.5M). Over the past eight quarters, Immunocore Holdings plc's revenue compounded faster (21.7% CAGR vs 5.1%).

Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.

Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.

IMCR vs RGR — Head-to-Head

Bigger by revenue
RGR
RGR
1.4× larger
RGR
$151.1M
$104.5M
IMCR
Growing faster (revenue YoY)
IMCR
IMCR
+20.7% gap
IMCR
24.3%
3.6%
RGR
More free cash flow
RGR
RGR
$47.9M more FCF
RGR
$12.3M
$-35.5M
IMCR
Faster 2-yr revenue CAGR
IMCR
IMCR
Annualised
IMCR
21.7%
5.1%
RGR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IMCR
IMCR
RGR
RGR
Revenue
$104.5M
$151.1M
Net Profit
Gross Margin
97.4%
17.8%
Operating Margin
-18.8%
2.3%
Net Margin
Revenue YoY
24.3%
3.6%
Net Profit YoY
EPS (diluted)
$-0.61
$0.22

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
IMCR
IMCR
RGR
RGR
Q4 25
$104.5M
$151.1M
Q3 25
$103.7M
$126.8M
Q2 25
$98.0M
$132.5M
Q1 25
$93.9M
$135.7M
Q4 24
$84.1M
$145.8M
Q3 24
$80.2M
$122.3M
Q2 24
$75.4M
$130.8M
Q1 24
$70.5M
$136.8M
Net Profit
IMCR
IMCR
RGR
RGR
Q4 25
Q3 25
$-177.0K
$1.6M
Q2 25
$-10.3M
$-17.2M
Q1 25
$5.0M
$7.8M
Q4 24
Q3 24
$8.7M
$4.7M
Q2 24
$-11.6M
$8.3M
Q1 24
$-24.4M
$7.1M
Gross Margin
IMCR
IMCR
RGR
RGR
Q4 25
97.4%
17.8%
Q3 25
99.5%
15.1%
Q2 25
98.9%
3.9%
Q1 25
99.1%
22.0%
Q4 24
99.6%
22.8%
Q3 24
99.4%
18.5%
Q2 24
97.7%
22.3%
Q1 24
99.7%
21.5%
Operating Margin
IMCR
IMCR
RGR
RGR
Q4 25
-18.8%
2.3%
Q3 25
-6.9%
-2.7%
Q2 25
-15.2%
-15.6%
Q1 25
-3.9%
6.2%
Q4 24
-23.1%
7.8%
Q3 24
-10.6%
3.1%
Q2 24
-21.2%
6.9%
Q1 24
-37.6%
5.5%
Net Margin
IMCR
IMCR
RGR
RGR
Q4 25
Q3 25
-0.2%
1.2%
Q2 25
-10.5%
-13.0%
Q1 25
5.4%
5.7%
Q4 24
Q3 24
10.9%
3.9%
Q2 24
-15.4%
6.3%
Q1 24
-34.7%
5.2%
EPS (diluted)
IMCR
IMCR
RGR
RGR
Q4 25
$-0.61
$0.22
Q3 25
$0.00
$0.10
Q2 25
$-0.20
$-1.05
Q1 25
$0.10
$0.46
Q4 24
$-0.47
$0.62
Q3 24
$0.17
$0.28
Q2 24
$-0.23
$0.47
Q1 24
$-0.49
$0.40

Balance Sheet & Financial Strength

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

Metric
IMCR
IMCR
RGR
RGR
Cash + ST InvestmentsLiquidity on hand
$864.2M
$92.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$381.0M
$283.8M
Total Assets
$1.1B
$342.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMCR
IMCR
RGR
RGR
Q4 25
$864.2M
$92.5M
Q3 25
$892.4M
$80.8M
Q2 25
$882.8M
$101.4M
Q1 25
$837.0M
$108.3M
Q4 24
$820.4M
$105.5M
Q3 24
$901.3M
$96.0M
Q2 24
$859.6M
$105.6M
Q1 24
$832.8M
$115.3M
Total Debt
IMCR
IMCR
RGR
RGR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$438.7M
Q2 24
$452.5M
Q1 24
$452.5M
Stockholders' Equity
IMCR
IMCR
RGR
RGR
Q4 25
$381.0M
$283.8M
Q3 25
$396.6M
$279.6M
Q2 25
$388.5M
$289.3M
Q1 25
$378.5M
$321.5M
Q4 24
$360.7M
$319.6M
Q3 24
$377.8M
$314.9M
Q2 24
$359.1M
$321.5M
Q1 24
$359.5M
$332.0M
Total Assets
IMCR
IMCR
RGR
RGR
Q4 25
$1.1B
$342.0M
Q3 25
$1.1B
$342.3M
Q2 25
$1.1B
$349.5M
Q1 25
$1.0B
$379.0M
Q4 24
$1.0B
$384.0M
Q3 24
$1.1B
$373.5M
Q2 24
$1.0B
$376.7M
Q1 24
$994.0M
$385.0M
Debt / Equity
IMCR
IMCR
RGR
RGR
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
IMCR
IMCR
RGR
RGR
Operating Cash FlowLast quarter
$-32.7M
$15.5M
Free Cash FlowOCF − Capex
$-35.5M
$12.3M
FCF MarginFCF / Revenue
-34.0%
8.2%
Capex IntensityCapex / Revenue
2.8%
2.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-15.1M
$38.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMCR
IMCR
RGR
RGR
Q4 25
$-32.7M
$15.5M
Q3 25
$-4.5M
$12.9M
Q2 25
$26.0M
$14.7M
Q1 25
$435.0K
$11.1M
Q4 24
$-14.0M
$20.0M
Q3 24
$21.1M
$9.4M
Q2 24
$23.5M
$18.7M
Q1 24
$-4.6M
$7.3M
Free Cash Flow
IMCR
IMCR
RGR
RGR
Q4 25
$-35.5M
$12.3M
Q3 25
$-5.2M
$7.0M
Q2 25
$25.6M
$9.1M
Q1 25
$137.0K
$10.0M
Q4 24
$-17.5M
$16.4M
Q3 24
$20.3M
$2.6M
Q2 24
$23.1M
$10.1M
Q1 24
$-5.0M
$5.6M
FCF Margin
IMCR
IMCR
RGR
RGR
Q4 25
-34.0%
8.2%
Q3 25
-5.0%
5.5%
Q2 25
26.1%
6.9%
Q1 25
0.1%
7.4%
Q4 24
-20.9%
11.2%
Q3 24
25.3%
2.1%
Q2 24
30.7%
7.7%
Q1 24
-7.1%
4.1%
Capex Intensity
IMCR
IMCR
RGR
RGR
Q4 25
2.8%
2.1%
Q3 25
0.7%
4.6%
Q2 25
0.4%
4.2%
Q1 25
0.3%
0.8%
Q4 24
4.3%
2.5%
Q3 24
1.0%
5.5%
Q2 24
0.4%
6.6%
Q1 24
0.6%
1.3%
Cash Conversion
IMCR
IMCR
RGR
RGR
Q4 25
Q3 25
8.15×
Q2 25
Q1 25
0.09×
1.43×
Q4 24
Q3 24
2.42×
1.98×
Q2 24
2.27×
Q1 24
1.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IMCR
IMCR

Segment breakdown not available.

RGR
RGR

Firearms$150.6M100%
Castings$7.3M5%

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