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Side-by-side financial comparison of Invivyd, Inc. (IVVD) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $17.2M, roughly 1.3× Invivyd, Inc.). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -64.3%, a 65.1% gap on every dollar of revenue. On growth, Invivyd, Inc. posted the faster year-over-year revenue change (24.5% vs 22.9%).

Invivyd, Inc. is a clinical-stage biopharmaceutical company focused on developing broadly neutralizing antibody therapies to prevent and treat serious viral infectious diseases. Its core research and development pipeline targets high-burden respiratory pathogens including respiratory syncytial virus, catering to unmet medical needs of global patient groups.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

IVVD vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.3× larger
RFIL
$22.7M
$17.2M
IVVD
Growing faster (revenue YoY)
IVVD
IVVD
+1.6% gap
IVVD
24.5%
22.9%
RFIL
Higher net margin
RFIL
RFIL
65.1% more per $
RFIL
0.8%
-64.3%
IVVD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IVVD
IVVD
RFIL
RFIL
Revenue
$17.2M
$22.7M
Net Profit
$-11.1M
$173.0K
Gross Margin
36.8%
Operating Margin
-73.0%
4.0%
Net Margin
-64.3%
0.8%
Revenue YoY
24.5%
22.9%
Net Profit YoY
40.0%
172.7%
EPS (diluted)
$0.02
$0.01

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
IVVD
IVVD
RFIL
RFIL
Q4 25
$17.2M
$22.7M
Q3 25
$13.1M
$19.8M
Q2 25
$11.8M
$18.9M
Q1 25
$11.3M
$19.2M
Q4 24
$13.8M
$18.5M
Q3 24
$9.3M
$16.8M
Q2 24
$2.3M
$16.1M
Q1 24
$0
$13.5M
Net Profit
IVVD
IVVD
RFIL
RFIL
Q4 25
$-11.1M
$173.0K
Q3 25
$-10.5M
$392.0K
Q2 25
$-14.7M
$-245.0K
Q1 25
$-16.3M
$-245.0K
Q4 24
$-18.4M
$-238.0K
Q3 24
$-60.7M
$-705.0K
Q2 24
$-47.2M
$-4.3M
Q1 24
$-43.5M
$-1.4M
Gross Margin
IVVD
IVVD
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
IVVD
IVVD
RFIL
RFIL
Q4 25
-73.0%
4.0%
Q3 25
-84.0%
3.6%
Q2 25
-127.8%
0.6%
Q1 25
-149.7%
0.3%
Q4 24
-139.1%
0.5%
Q3 24
-670.0%
-2.5%
Q2 24
-2175.2%
-2.6%
Q1 24
-15.5%
Net Margin
IVVD
IVVD
RFIL
RFIL
Q4 25
-64.3%
0.8%
Q3 25
-79.7%
2.0%
Q2 25
-124.4%
-1.3%
Q1 25
-144.1%
-1.3%
Q4 24
-133.5%
-1.3%
Q3 24
-653.1%
-4.2%
Q2 24
-2086.9%
-26.7%
Q1 24
-10.1%
EPS (diluted)
IVVD
IVVD
RFIL
RFIL
Q4 25
$0.02
$0.01
Q3 25
$-0.06
$0.04
Q2 25
$-0.12
$-0.02
Q1 25
$-0.14
$-0.02
Q4 24
$-0.14
$-0.02
Q3 24
$-0.51
$-0.07
Q2 24
$-0.40
$-0.41
Q1 24
$-0.38
$-0.13

Balance Sheet & Financial Strength

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

Metric
IVVD
IVVD
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$226.7M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$241.5M
$35.2M
Total Assets
$276.9M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IVVD
IVVD
RFIL
RFIL
Q4 25
$226.7M
$5.1M
Q3 25
$85.0M
$3.0M
Q2 25
$34.9M
$3.6M
Q1 25
$48.1M
$1.3M
Q4 24
$69.3M
$839.0K
Q3 24
$106.9M
$1.8M
Q2 24
$147.9M
$1.4M
Q1 24
$189.4M
$4.5M
Stockholders' Equity
IVVD
IVVD
RFIL
RFIL
Q4 25
$241.5M
$35.2M
Q3 25
$93.1M
$34.8M
Q2 25
$42.8M
$34.2M
Q1 25
$54.1M
$34.2M
Q4 24
$67.5M
$34.1M
Q3 24
$83.2M
$34.1M
Q2 24
$140.6M
$34.6M
Q1 24
$178.5M
$38.7M
Total Assets
IVVD
IVVD
RFIL
RFIL
Q4 25
$276.9M
$73.0M
Q3 25
$139.2M
$73.2M
Q2 25
$89.1M
$72.7M
Q1 25
$103.7M
$70.4M
Q4 24
$129.5M
$71.0M
Q3 24
$161.9M
$71.9M
Q2 24
$177.3M
$72.8M
Q1 24
$215.5M
$79.1M

Cash Flow & Capital Efficiency

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

Metric
IVVD
IVVD
RFIL
RFIL
Operating Cash FlowLast quarter
$-15.5M
$2.1M
Free Cash FlowOCF − Capex
$2.0M
FCF MarginFCF / Revenue
9.0%
Capex IntensityCapex / Revenue
0.0%
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IVVD
IVVD
RFIL
RFIL
Q4 25
$-15.5M
$2.1M
Q3 25
$-8.3M
$-311.0K
Q2 25
$-13.3M
$2.2M
Q1 25
$-21.1M
$601.0K
Q4 24
$-37.6M
$-244.0K
Q3 24
$-41.1M
$2.4M
Q2 24
$-41.6M
$197.0K
Q1 24
$-50.2M
$840.0K
Free Cash Flow
IVVD
IVVD
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-419.0K
Q2 25
$-13.3M
$2.2M
Q1 25
$-21.3M
$574.0K
Q4 24
$-37.6M
$-418.0K
Q3 24
$-41.1M
$2.1M
Q2 24
$28.0K
Q1 24
$-50.4M
$697.0K
FCF Margin
IVVD
IVVD
RFIL
RFIL
Q4 25
9.0%
Q3 25
-2.1%
Q2 25
-112.9%
11.4%
Q1 25
-188.2%
3.0%
Q4 24
-272.2%
-2.3%
Q3 24
-441.6%
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
IVVD
IVVD
RFIL
RFIL
Q4 25
0.0%
0.3%
Q3 25
0.0%
0.5%
Q2 25
0.1%
0.2%
Q1 25
1.3%
0.1%
Q4 24
0.0%
0.9%
Q3 24
0.1%
1.5%
Q2 24
0.0%
1.0%
Q1 24
1.1%
Cash Conversion
IVVD
IVVD
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

IVVD
IVVD

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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