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Side-by-side financial comparison of IOVANCE BIOTHERAPEUTICS, INC. (IOVA) and NATIONAL PRESTO INDUSTRIES INC (NPK). Click either name above to swap in a different company.

NATIONAL PRESTO INDUSTRIES INC is the larger business by last-quarter revenue ($164.0M vs $86.8M, roughly 1.9× IOVANCE BIOTHERAPEUTICS, INC.). On growth, NATIONAL PRESTO INDUSTRIES INC posted the faster year-over-year revenue change (21.7% vs 17.7%). NATIONAL PRESTO INDUSTRIES INC produced more free cash flow last quarter ($12.4M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 46.3%).

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

IOVA vs NPK — Head-to-Head

Bigger by revenue
NPK
NPK
1.9× larger
NPK
$164.0M
$86.8M
IOVA
Growing faster (revenue YoY)
NPK
NPK
+4.0% gap
NPK
21.7%
17.7%
IOVA
More free cash flow
NPK
NPK
$74.3M more FCF
NPK
$12.4M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
46.3%
NPK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOVA
IOVA
NPK
NPK
Revenue
$86.8M
$164.0M
Net Profit
Gross Margin
67.4%
16.9%
Operating Margin
-84.7%
11.4%
Net Margin
Revenue YoY
17.7%
21.7%
Net Profit YoY
EPS (diluted)

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
IOVA
IOVA
NPK
NPK
Q4 25
$86.8M
$164.0M
Q3 25
$67.5M
$115.5M
Q2 25
$60.0M
$120.4M
Q1 25
$49.3M
$103.6M
Q4 24
$73.7M
$134.7M
Q3 24
$58.6M
$91.8M
Q2 24
$31.1M
$85.1M
Q1 24
$715.0K
$76.7M
Net Profit
IOVA
IOVA
NPK
NPK
Q4 25
Q3 25
$-91.3M
$5.3M
Q2 25
$-111.7M
$5.2M
Q1 25
$-116.2M
$7.6M
Q4 24
Q3 24
$-83.5M
$8.1M
Q2 24
$-97.1M
$6.1M
Q1 24
$-113.0M
$6.6M
Gross Margin
IOVA
IOVA
NPK
NPK
Q4 25
67.4%
16.9%
Q3 25
43.0%
13.9%
Q2 25
5.5%
15.4%
Q1 25
-0.8%
17.5%
Q4 24
68.7%
24.3%
Q3 24
46.2%
18.8%
Q2 24
-0.8%
17.3%
Q1 24
18.1%
Operating Margin
IOVA
IOVA
NPK
NPK
Q4 25
-84.7%
11.4%
Q3 25
-140.7%
5.6%
Q2 25
-189.8%
5.1%
Q1 25
-245.8%
8.8%
Q4 24
-117.5%
17.3%
Q3 24
-152.1%
10.0%
Q2 24
-327.6%
7.5%
Q1 24
-16464.6%
8.2%
Net Margin
IOVA
IOVA
NPK
NPK
Q4 25
Q3 25
-135.3%
4.6%
Q2 25
-186.2%
4.3%
Q1 25
-235.5%
7.3%
Q4 24
Q3 24
-142.7%
8.8%
Q2 24
-312.2%
7.1%
Q1 24
-15800.8%
8.6%
EPS (diluted)
IOVA
IOVA
NPK
NPK
Q4 25
Q3 25
Q2 25
$-0.33
Q1 25
$-0.36
Q4 24
$-0.24
Q3 24
$-0.28
Q2 24
$-0.34
Q1 24
$-0.42

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
NPK
NPK
Cash + ST InvestmentsLiquidity on hand
$297.0M
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$698.6M
$395.1M
Total Assets
$913.2M
$500.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
NPK
NPK
Q4 25
$297.0M
$3.8M
Q3 25
$300.8M
$4.6M
Q2 25
$301.2M
$4.8M
Q1 25
$359.7M
$5.5M
Q4 24
$323.8M
$22.7M
Q3 24
$397.5M
$33.2M
Q2 24
$412.5M
$53.4M
Q1 24
$356.2M
$87.9M
Stockholders' Equity
IOVA
IOVA
NPK
NPK
Q4 25
$698.6M
$395.1M
Q3 25
$702.3M
$379.8M
Q2 25
$698.5M
$374.1M
Q1 25
$767.9M
$368.6M
Q4 24
$710.4M
$367.6M
Q3 24
$773.5M
$346.6M
Q2 24
$768.5M
$338.1M
Q1 24
$680.0M
$331.6M
Total Assets
IOVA
IOVA
NPK
NPK
Q4 25
$913.2M
$500.7M
Q3 25
$904.9M
$503.8M
Q2 25
$907.4M
$471.9M
Q1 25
$966.7M
$455.3M
Q4 24
$910.4M
$453.4M
Q3 24
$991.1M
$428.9M
Q2 24
$964.3M
$418.1M
Q1 24
$869.8M
$417.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IOVA
IOVA
NPK
NPK
Operating Cash FlowLast quarter
$-52.6M
$13.9M
Free Cash FlowOCF − Capex
$-61.9M
$12.4M
FCF MarginFCF / Revenue
-71.3%
7.6%
Capex IntensityCapex / Revenue
10.7%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$-36.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
NPK
NPK
Q4 25
$-52.6M
$13.9M
Q3 25
$-78.7M
$-24.6M
Q2 25
$-67.4M
$-10.9M
Q1 25
$-103.7M
$12.5M
Q4 24
$-73.3M
$-7.6M
Q3 24
$-59.0M
$-17.5M
Q2 24
$-98.4M
$-33.9M
Q1 24
$-122.3M
$5.6M
Free Cash Flow
IOVA
IOVA
NPK
NPK
Q4 25
$-61.9M
$12.4M
Q3 25
$-89.5M
$-24.7M
Q2 25
$-74.9M
$-13.4M
Q1 25
$-109.9M
$-10.5M
Q4 24
$-77.5M
$-11.3M
Q3 24
$-61.3M
$-20.3M
Q2 24
$-98.9M
$-34.5M
Q1 24
$-126.5M
$5.2M
FCF Margin
IOVA
IOVA
NPK
NPK
Q4 25
-71.3%
7.6%
Q3 25
-132.7%
-21.4%
Q2 25
-124.9%
-11.1%
Q1 25
-222.8%
-10.2%
Q4 24
-105.1%
-8.4%
Q3 24
-104.6%
-22.1%
Q2 24
-317.9%
-40.6%
Q1 24
-17685.3%
6.7%
Capex Intensity
IOVA
IOVA
NPK
NPK
Q4 25
10.7%
0.9%
Q3 25
16.1%
0.1%
Q2 25
12.4%
2.0%
Q1 25
12.6%
22.2%
Q4 24
5.7%
2.7%
Q3 24
3.9%
3.1%
Q2 24
1.4%
0.8%
Q1 24
583.4%
0.5%
Cash Conversion
IOVA
IOVA
NPK
NPK
Q4 25
Q3 25
-4.63×
Q2 25
-2.12×
Q1 25
1.64×
Q4 24
Q3 24
-2.16×
Q2 24
-5.58×
Q1 24
0.85×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

NPK
NPK

Segment breakdown not available.

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