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

PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $86.8M, roughly 1.9× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 4.9%).

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 Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

IOVA vs PRK — Head-to-Head

Bigger by revenue
PRK
PRK
1.9× larger
PRK
$168.3M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+15.6% gap
IOVA
17.7%
2.2%
PRK
More free cash flow
PRK
PRK
$253.8M more FCF
PRK
$191.9M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
4.9%
PRK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOVA
IOVA
PRK
PRK
Revenue
$86.8M
$168.3M
Net Profit
$42.6M
Gross Margin
67.4%
Operating Margin
-84.7%
Net Margin
25.3%
Revenue YoY
17.7%
2.2%
Net Profit YoY
10.4%
EPS (diluted)
$2.62

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
PRK
PRK
Q4 25
$86.8M
$168.3M
Q3 25
$67.5M
$169.5M
Q2 25
$60.0M
$168.7M
Q1 25
$49.3M
$157.9M
Q4 24
$73.7M
$164.7M
Q3 24
$58.6M
$170.3M
Q2 24
$31.1M
$157.7M
Q1 24
$715.0K
$152.8M
Net Profit
IOVA
IOVA
PRK
PRK
Q4 25
$42.6M
Q3 25
$-91.3M
$47.2M
Q2 25
$-111.7M
$48.1M
Q1 25
$-116.2M
$42.2M
Q4 24
$38.6M
Q3 24
$-83.5M
$38.2M
Q2 24
$-97.1M
$39.4M
Q1 24
$-113.0M
$35.2M
Gross Margin
IOVA
IOVA
PRK
PRK
Q4 25
67.4%
Q3 25
43.0%
Q2 25
5.5%
Q1 25
-0.8%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Q1 24
Operating Margin
IOVA
IOVA
PRK
PRK
Q4 25
-84.7%
Q3 25
-140.7%
34.3%
Q2 25
-189.8%
35.2%
Q1 25
-245.8%
32.4%
Q4 24
-117.5%
Q3 24
-152.1%
27.4%
Q2 24
-327.6%
30.6%
Q1 24
-16464.6%
27.8%
Net Margin
IOVA
IOVA
PRK
PRK
Q4 25
25.3%
Q3 25
-135.3%
27.8%
Q2 25
-186.2%
28.5%
Q1 25
-235.5%
26.7%
Q4 24
23.5%
Q3 24
-142.7%
22.4%
Q2 24
-312.2%
25.0%
Q1 24
-15800.8%
23.0%
EPS (diluted)
IOVA
IOVA
PRK
PRK
Q4 25
$2.62
Q3 25
$2.92
Q2 25
$-0.33
$2.97
Q1 25
$-0.36
$2.60
Q4 24
$-0.24
$2.38
Q3 24
$-0.28
$2.35
Q2 24
$-0.34
$2.42
Q1 24
$-0.42
$2.17

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
PRK
PRK
Cash + ST InvestmentsLiquidity on hand
$297.0M
$233.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$698.6M
$1.4B
Total Assets
$913.2M
$9.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
PRK
PRK
Q4 25
$297.0M
$233.5M
Q3 25
$300.8M
$218.9M
Q2 25
$301.2M
$193.1M
Q1 25
$359.7M
$237.6M
Q4 24
$323.8M
$160.6M
Q3 24
$397.5M
$201.7M
Q2 24
$412.5M
$261.5M
Q1 24
$356.2M
$306.1M
Stockholders' Equity
IOVA
IOVA
PRK
PRK
Q4 25
$698.6M
$1.4B
Q3 25
$702.3M
$1.3B
Q2 25
$698.5M
$1.3B
Q1 25
$767.9M
$1.3B
Q4 24
$710.4M
$1.2B
Q3 24
$773.5M
$1.2B
Q2 24
$768.5M
$1.2B
Q1 24
$680.0M
$1.2B
Total Assets
IOVA
IOVA
PRK
PRK
Q4 25
$913.2M
$9.8B
Q3 25
$904.9M
$9.9B
Q2 25
$907.4M
$9.9B
Q1 25
$966.7M
$9.9B
Q4 24
$910.4M
$9.8B
Q3 24
$991.1M
$9.9B
Q2 24
$964.3M
$9.9B
Q1 24
$869.8M
$9.9B

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
PRK
PRK
Operating Cash FlowLast quarter
$-52.6M
$198.3M
Free Cash FlowOCF − Capex
$-61.9M
$191.9M
FCF MarginFCF / Revenue
-71.3%
114.1%
Capex IntensityCapex / Revenue
10.7%
3.8%
Cash ConversionOCF / Net Profit
4.65×
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$328.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
PRK
PRK
Q4 25
$-52.6M
$198.3M
Q3 25
$-78.7M
$52.6M
Q2 25
$-67.4M
$49.7M
Q1 25
$-103.7M
$37.9M
Q4 24
$-73.3M
$178.8M
Q3 24
$-59.0M
$43.8M
Q2 24
$-98.4M
$50.9M
Q1 24
$-122.3M
$35.0M
Free Cash Flow
IOVA
IOVA
PRK
PRK
Q4 25
$-61.9M
$191.9M
Q3 25
$-89.5M
$51.1M
Q2 25
$-74.9M
$48.4M
Q1 25
$-109.9M
$36.8M
Q4 24
$-77.5M
$169.7M
Q3 24
$-61.3M
$41.7M
Q2 24
$-98.9M
$49.0M
Q1 24
$-126.5M
$31.9M
FCF Margin
IOVA
IOVA
PRK
PRK
Q4 25
-71.3%
114.1%
Q3 25
-132.7%
30.1%
Q2 25
-124.9%
28.7%
Q1 25
-222.8%
23.3%
Q4 24
-105.1%
103.0%
Q3 24
-104.6%
24.5%
Q2 24
-317.9%
31.1%
Q1 24
-17685.3%
20.8%
Capex Intensity
IOVA
IOVA
PRK
PRK
Q4 25
10.7%
3.8%
Q3 25
16.1%
0.9%
Q2 25
12.4%
0.8%
Q1 25
12.6%
0.7%
Q4 24
5.7%
5.6%
Q3 24
3.9%
1.2%
Q2 24
1.4%
1.2%
Q1 24
583.4%
2.1%
Cash Conversion
IOVA
IOVA
PRK
PRK
Q4 25
4.65×
Q3 25
1.11×
Q2 25
1.03×
Q1 25
0.90×
Q4 24
4.63×
Q3 24
1.14×
Q2 24
1.29×
Q1 24
0.99×

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%

PRK
PRK

Segment breakdown not available.

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