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Side-by-side financial comparison of Immunocore Holdings plc (IMCR) and Star Equity Holdings, Inc. (STRR). Click either name above to swap in a different company.
Immunocore Holdings plc is the larger business by last-quarter revenue ($104.5M vs $56.8M, roughly 1.8× Star Equity Holdings, Inc.). On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 24.3%). Star Equity Holdings, Inc. produced more free cash flow last quarter ($-9.0M vs $-35.5M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 21.7%).
Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.
Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.
IMCR vs STRR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.5M | $56.8M |
| Net Profit | — | $-1.7M |
| Gross Margin | 97.4% | — |
| Operating Margin | -18.8% | -0.2% |
| Net Margin | — | -3.0% |
| Revenue YoY | 24.3% | 69.0% |
| Net Profit YoY | — | -192.1% |
| EPS (diluted) | $-0.61 | $-0.49 |
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 | $56.8M | ||
| Q3 25 | $103.7M | $48.0M | ||
| Q2 25 | $98.0M | $35.5M | ||
| Q1 25 | $93.9M | $31.9M | ||
| Q4 24 | $84.1M | $33.6M | ||
| Q3 24 | $80.2M | $36.9M | ||
| Q2 24 | $75.4M | $35.7M | ||
| Q1 24 | $70.5M | $33.9M |
| Q4 25 | — | $-1.7M | ||
| Q3 25 | $-177.0K | $-1.8M | ||
| Q2 25 | $-10.3M | $-688.0K | ||
| Q1 25 | $5.0M | $-1.8M | ||
| Q4 24 | — | $-585.0K | ||
| Q3 24 | $8.7M | $-846.0K | ||
| Q2 24 | $-11.6M | $-441.0K | ||
| Q1 24 | $-24.4M | $-2.9M |
| Q4 25 | 97.4% | — | ||
| Q3 25 | 99.5% | 43.0% | ||
| Q2 25 | 98.9% | — | ||
| Q1 25 | 99.1% | — | ||
| Q4 24 | 99.6% | — | ||
| Q3 24 | 99.4% | 50.5% | ||
| Q2 24 | 97.7% | — | ||
| Q1 24 | 99.7% | — |
| Q4 25 | -18.8% | -0.2% | ||
| Q3 25 | -6.9% | -3.4% | ||
| Q2 25 | -15.2% | -0.6% | ||
| Q1 25 | -3.9% | -5.4% | ||
| Q4 24 | -23.1% | -0.4% | ||
| Q3 24 | -10.6% | -1.2% | ||
| Q2 24 | -21.2% | -0.5% | ||
| Q1 24 | -37.6% | -9.0% |
| Q4 25 | — | -3.0% | ||
| Q3 25 | -0.2% | -3.7% | ||
| Q2 25 | -10.5% | -1.9% | ||
| Q1 25 | 5.4% | -5.5% | ||
| Q4 24 | — | -1.7% | ||
| Q3 24 | 10.9% | -2.3% | ||
| Q2 24 | -15.4% | -1.2% | ||
| Q1 24 | -34.7% | -8.6% |
| Q4 25 | $-0.61 | $-0.49 | ||
| Q3 25 | $0.00 | $-0.54 | ||
| Q2 25 | $-0.20 | $-0.23 | ||
| Q1 25 | $0.10 | $-0.59 | ||
| Q4 24 | $-0.47 | $-0.21 | ||
| Q3 24 | $0.17 | $-0.28 | ||
| Q2 24 | $-0.23 | $-0.15 | ||
| Q1 24 | $-0.49 | $-0.95 |
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 | $10.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $381.0M | $65.7M |
| Total Assets | $1.1B | $113.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.2M | $10.3M | ||
| Q3 25 | $892.4M | $15.4M | ||
| Q2 25 | $882.8M | $16.8M | ||
| Q1 25 | $837.0M | $16.6M | ||
| Q4 24 | $820.4M | $17.0M | ||
| Q3 24 | $901.3M | $15.8M | ||
| Q2 24 | $859.6M | $14.7M | ||
| Q1 24 | $832.8M | $20.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | $6.5M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | $438.7M | — | ||
| Q2 24 | $452.5M | — | ||
| Q1 24 | $452.5M | — |
| Q4 25 | $381.0M | $65.7M | ||
| Q3 25 | $396.6M | $67.8M | ||
| Q2 25 | $388.5M | $40.1M | ||
| Q1 25 | $378.5M | $39.5M | ||
| Q4 24 | $360.7M | $40.4M | ||
| Q3 24 | $377.8M | $42.9M | ||
| Q2 24 | $359.1M | $42.6M | ||
| Q1 24 | $359.5M | $44.3M |
| Q4 25 | $1.1B | $113.2M | ||
| Q3 25 | $1.1B | $117.1M | ||
| Q2 25 | $1.1B | $55.6M | ||
| Q1 25 | $1.0B | $53.2M | ||
| Q4 24 | $1.0B | $52.6M | ||
| Q3 24 | $1.1B | $52.6M | ||
| Q2 24 | $1.0B | $52.6M | ||
| Q1 24 | $994.0M | $52.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.10× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | $-7.3M |
| Free Cash FlowOCF − Capex | $-35.5M | $-9.0M |
| FCF MarginFCF / Revenue | -34.0% | -15.8% |
| Capex IntensityCapex / Revenue | 2.8% | 3.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-15.1M | $-13.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-32.7M | $-7.3M | ||
| Q3 25 | $-4.5M | $-2.7M | ||
| Q2 25 | $26.0M | $139.0K | ||
| Q1 25 | $435.0K | $-802.0K | ||
| Q4 24 | $-14.0M | $-2.8M | ||
| Q3 24 | $21.1M | $1.3M | ||
| Q2 24 | $23.5M | $-4.3M | ||
| Q1 24 | $-4.6M | $-1.8M |
| Q4 25 | $-35.5M | $-9.0M | ||
| Q3 25 | $-5.2M | $-3.4M | ||
| Q2 25 | $25.6M | $102.0K | ||
| Q1 25 | $137.0K | $-808.0K | ||
| Q4 24 | $-17.5M | $-2.8M | ||
| Q3 24 | $20.3M | $1.3M | ||
| Q2 24 | $23.1M | $-4.3M | ||
| Q1 24 | $-5.0M | $-1.8M |
| Q4 25 | -34.0% | -15.8% | ||
| Q3 25 | -5.0% | -7.0% | ||
| Q2 25 | 26.1% | 0.3% | ||
| Q1 25 | 0.1% | -2.5% | ||
| Q4 24 | -20.9% | -8.3% | ||
| Q3 24 | 25.3% | 3.4% | ||
| Q2 24 | 30.7% | -12.0% | ||
| Q1 24 | -7.1% | -5.3% |
| Q4 25 | 2.8% | 3.0% | ||
| Q3 25 | 0.7% | 1.3% | ||
| Q2 25 | 0.4% | 0.1% | ||
| Q1 25 | 0.3% | 0.0% | ||
| Q4 24 | 4.3% | 0.1% | ||
| Q3 24 | 1.0% | 0.0% | ||
| Q2 24 | 0.4% | 0.0% | ||
| Q1 24 | 0.6% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.42× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IMCR
Segment breakdown not available.
STRR
| Revenue From Other Contracts With Customers | $27.6M | 49% |
| Other | $24.3M | 43% |
| Energy Services Segment | $4.9M | 9% |
