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

UNITIL CORP is the larger business by last-quarter revenue ($161.5M vs $86.8M, roughly 1.9× IOVANCE BIOTHERAPEUTICS, INC.). On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 17.7%). UNITIL CORP produced more free cash flow last quarter ($-36.3M 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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

IOVA vs UTL — Head-to-Head

Bigger by revenue
UTL
UTL
1.9× larger
UTL
$161.5M
$86.8M
IOVA
Growing faster (revenue YoY)
UTL
UTL
+8.9% gap
UTL
26.7%
17.7%
IOVA
More free cash flow
UTL
UTL
$25.6M more FCF
UTL
$-36.3M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
-4.9%
UTL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IOVA
IOVA
UTL
UTL
Revenue
$86.8M
$161.5M
Net Profit
$19.0M
Gross Margin
67.4%
Operating Margin
-84.7%
21.5%
Net Margin
11.8%
Revenue YoY
17.7%
26.7%
Net Profit YoY
21.8%
EPS (diluted)
$1.05

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
UTL
UTL
Q4 25
$86.8M
$161.5M
Q3 25
$67.5M
$101.1M
Q2 25
$60.0M
$102.6M
Q1 25
$49.3M
$170.8M
Q4 24
$73.7M
$127.5M
Q3 24
$58.6M
$92.9M
Q2 24
$31.1M
$95.7M
Q1 24
$715.0K
$178.7M
Net Profit
IOVA
IOVA
UTL
UTL
Q4 25
$19.0M
Q3 25
$-91.3M
$-300.0K
Q2 25
$-111.7M
$4.0M
Q1 25
$-116.2M
$27.5M
Q4 24
$15.6M
Q3 24
$-83.5M
$0
Q2 24
$-97.1M
$4.3M
Q1 24
$-113.0M
$27.2M
Gross Margin
IOVA
IOVA
UTL
UTL
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
UTL
UTL
Q4 25
-84.7%
21.5%
Q3 25
-140.7%
6.9%
Q2 25
-189.8%
13.0%
Q1 25
-245.8%
27.0%
Q4 24
-117.5%
22.1%
Q3 24
-152.1%
6.2%
Q2 24
-327.6%
13.0%
Q1 24
-16464.6%
24.7%
Net Margin
IOVA
IOVA
UTL
UTL
Q4 25
11.8%
Q3 25
-135.3%
-0.3%
Q2 25
-186.2%
3.9%
Q1 25
-235.5%
16.1%
Q4 24
12.2%
Q3 24
-142.7%
Q2 24
-312.2%
4.5%
Q1 24
-15800.8%
15.2%
EPS (diluted)
IOVA
IOVA
UTL
UTL
Q4 25
$1.05
Q3 25
$-0.02
Q2 25
$-0.33
$0.25
Q1 25
$-0.36
$1.69
Q4 24
$-0.24
$0.97
Q3 24
$-0.28
$0.00
Q2 24
$-0.34
$0.27
Q1 24
$-0.42
$1.69

Balance Sheet & Financial Strength

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

Metric
IOVA
IOVA
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$297.0M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$698.6M
$609.6M
Total Assets
$913.2M
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IOVA
IOVA
UTL
UTL
Q4 25
$297.0M
$15.6M
Q3 25
$300.8M
$14.6M
Q2 25
$301.2M
$8.5M
Q1 25
$359.7M
$10.2M
Q4 24
$323.8M
$6.3M
Q3 24
$397.5M
$6.3M
Q2 24
$412.5M
$2.8M
Q1 24
$356.2M
$6.3M
Total Debt
IOVA
IOVA
UTL
UTL
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$512.8M
Stockholders' Equity
IOVA
IOVA
UTL
UTL
Q4 25
$698.6M
$609.6M
Q3 25
$702.3M
$597.2M
Q2 25
$698.5M
$532.8M
Q1 25
$767.9M
$534.1M
Q4 24
$710.4M
$512.5M
Q3 24
$773.5M
$502.4M
Q2 24
$768.5M
$508.8M
Q1 24
$680.0M
$510.8M
Total Assets
IOVA
IOVA
UTL
UTL
Q4 25
$913.2M
$2.1B
Q3 25
$904.9M
$1.9B
Q2 25
$907.4M
$1.9B
Q1 25
$966.7M
$1.9B
Q4 24
$910.4M
$1.8B
Q3 24
$991.1M
$1.7B
Q2 24
$964.3M
$1.7B
Q1 24
$869.8M
$1.7B
Debt / Equity
IOVA
IOVA
UTL
UTL
Q4 25
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$-52.6M
$21.4M
Free Cash FlowOCF − Capex
$-61.9M
$-36.3M
FCF MarginFCF / Revenue
-71.3%
-22.5%
Capex IntensityCapex / Revenue
10.7%
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-336.2M
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IOVA
IOVA
UTL
UTL
Q4 25
$-52.6M
$21.4M
Q3 25
$-78.7M
$15.6M
Q2 25
$-67.4M
$42.2M
Q1 25
$-103.7M
$52.1M
Q4 24
$-73.3M
$23.3M
Q3 24
$-59.0M
$26.1M
Q2 24
$-98.4M
$49.9M
Q1 24
$-122.3M
$26.6M
Free Cash Flow
IOVA
IOVA
UTL
UTL
Q4 25
$-61.9M
$-36.3M
Q3 25
$-89.5M
$-39.0M
Q2 25
$-74.9M
$2.0M
Q1 25
$-109.9M
$19.5M
Q4 24
$-77.5M
$-32.3M
Q3 24
$-61.3M
$-31.3M
Q2 24
$-98.9M
$13.2M
Q1 24
$-126.5M
$6.4M
FCF Margin
IOVA
IOVA
UTL
UTL
Q4 25
-71.3%
-22.5%
Q3 25
-132.7%
-38.6%
Q2 25
-124.9%
1.9%
Q1 25
-222.8%
11.4%
Q4 24
-105.1%
-25.3%
Q3 24
-104.6%
-33.7%
Q2 24
-317.9%
13.8%
Q1 24
-17685.3%
3.6%
Capex Intensity
IOVA
IOVA
UTL
UTL
Q4 25
10.7%
35.7%
Q3 25
16.1%
54.0%
Q2 25
12.4%
39.2%
Q1 25
12.6%
19.1%
Q4 24
5.7%
43.6%
Q3 24
3.9%
61.8%
Q2 24
1.4%
38.3%
Q1 24
583.4%
11.3%
Cash Conversion
IOVA
IOVA
UTL
UTL
Q4 25
1.13×
Q3 25
Q2 25
10.55×
Q1 25
1.89×
Q4 24
1.49×
Q3 24
Q2 24
11.60×
Q1 24
0.98×

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%

UTL
UTL

Segment breakdown not available.

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