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Side-by-side financial comparison of Kimball Electronics, Inc. (KE) and Ultragenyx Pharmaceutical Inc. (RARE). Click either name above to swap in a different company.

Kimball Electronics, Inc. is the larger business by last-quarter revenue ($341.3M vs $207.3M, roughly 1.6× Ultragenyx Pharmaceutical Inc.). Kimball Electronics, Inc. runs the higher net margin — 1.1% vs -62.0%, a 63.1% gap on every dollar of revenue. On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% vs -4.5%). Kimball Electronics, Inc. produced more free cash flow last quarter ($-11.2M vs $-100.8M). Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% CAGR vs -10.4%).

Kimball International, Inc. is an American company which consists of furniture brands: Kimball, National, Interwoven, Etc., David Edward, D'Style and Kimball Hospitality. It is the successor to W.W. Kimball and Company, the world's largest piano and organ manufacturer at certain times in the 19th and 20th centuries.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

KE vs RARE — Head-to-Head

Bigger by revenue
KE
KE
1.6× larger
KE
$341.3M
$207.3M
RARE
Growing faster (revenue YoY)
RARE
RARE
+30.4% gap
RARE
25.9%
-4.5%
KE
Higher net margin
KE
KE
63.1% more per $
KE
1.1%
-62.0%
RARE
More free cash flow
KE
KE
$89.5M more FCF
KE
$-11.2M
$-100.8M
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
-10.4%
KE

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
KE
KE
RARE
RARE
Revenue
$341.3M
$207.3M
Net Profit
$3.6M
$-128.6M
Gross Margin
8.2%
Operating Margin
3.2%
-54.7%
Net Margin
1.1%
-62.0%
Revenue YoY
-4.5%
25.9%
Net Profit YoY
6.0%
3.5%
EPS (diluted)
$0.15
$-1.28

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
KE
KE
RARE
RARE
Q4 25
$341.3M
$207.3M
Q3 25
$365.6M
$159.9M
Q2 25
$380.5M
$166.5M
Q1 25
$374.6M
$139.3M
Q4 24
$357.4M
$164.6M
Q3 24
$374.3M
$139.5M
Q2 24
$430.2M
$147.0M
Q1 24
$425.0M
$108.8M
Net Profit
KE
KE
RARE
RARE
Q4 25
$3.6M
$-128.6M
Q3 25
$10.1M
$-180.4M
Q2 25
$6.6M
$-115.0M
Q1 25
$3.8M
$-151.1M
Q4 24
$3.4M
$-133.2M
Q3 24
$3.2M
$-133.5M
Q2 24
$7.5M
$-131.6M
Q1 24
$-6.1M
$-170.7M
Gross Margin
KE
KE
RARE
RARE
Q4 25
8.2%
Q3 25
7.9%
Q2 25
8.0%
Q1 25
7.2%
Q4 24
6.6%
Q3 24
6.3%
Q2 24
8.5%
Q1 24
7.9%
Operating Margin
KE
KE
RARE
RARE
Q4 25
3.2%
-54.7%
Q3 25
4.0%
-106.9%
Q2 25
4.3%
-64.8%
Q1 25
3.1%
-102.6%
Q4 24
2.3%
-74.3%
Q3 24
2.4%
-94.6%
Q2 24
4.6%
-79.1%
Q1 24
-1.5%
-151.9%
Net Margin
KE
KE
RARE
RARE
Q4 25
1.1%
-62.0%
Q3 25
2.8%
-112.8%
Q2 25
1.7%
-69.0%
Q1 25
1.0%
-108.5%
Q4 24
1.0%
-80.9%
Q3 24
0.8%
-95.7%
Q2 24
1.8%
-89.5%
Q1 24
-1.4%
-156.8%
EPS (diluted)
KE
KE
RARE
RARE
Q4 25
$0.15
$-1.28
Q3 25
$0.40
$-1.81
Q2 25
$0.27
$-1.17
Q1 25
$0.15
$-1.57
Q4 24
$0.14
$-1.34
Q3 24
$0.12
$-1.40
Q2 24
$0.29
$-1.52
Q1 24
$-0.24
$-2.03

Balance Sheet & Financial Strength

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

Metric
KE
KE
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$77.9M
$421.0M
Total DebtLower is stronger
$153.8M
Stockholders' EquityBook value
$579.2M
$-80.0M
Total Assets
$1.1B
$1.5B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KE
KE
RARE
RARE
Q4 25
$77.9M
$421.0M
Q3 25
$75.7M
$202.5M
Q2 25
$88.8M
$176.3M
Q1 25
$51.4M
$127.1M
Q4 24
$53.9M
$174.0M
Q3 24
$76.6M
$150.6M
Q2 24
$78.0M
$480.7M
Q1 24
$65.2M
$112.3M
Total Debt
KE
KE
RARE
RARE
Q4 25
$153.8M
Q3 25
$137.5M
Q2 25
$147.1M
Q1 25
$178.3M
Q4 24
$204.5M
Q3 24
Q2 24
$294.8M
Q1 24
Stockholders' Equity
KE
KE
RARE
RARE
Q4 25
$579.2M
$-80.0M
Q3 25
$577.1M
$9.2M
Q2 25
$569.9M
$151.3M
Q1 25
$548.1M
$144.2M
Q4 24
$537.5M
$255.0M
Q3 24
$547.8M
$346.8M
Q2 24
$540.5M
$432.4M
Q1 24
$539.1M
$140.3M
Total Assets
KE
KE
RARE
RARE
Q4 25
$1.1B
$1.5B
Q3 25
$1.1B
$1.2B
Q2 25
$1.1B
$1.3B
Q1 25
$1.1B
$1.3B
Q4 24
$1.1B
$1.5B
Q3 24
$1.1B
$1.5B
Q2 24
$1.2B
$1.6B
Q1 24
$1.3B
$1.3B
Debt / Equity
KE
KE
RARE
RARE
Q4 25
0.27×
Q3 25
0.24×
Q2 25
0.26×
Q1 25
0.33×
Q4 24
0.38×
Q3 24
Q2 24
0.55×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
KE
KE
RARE
RARE
Operating Cash FlowLast quarter
$6.9M
$-99.8M
Free Cash FlowOCF − Capex
$-11.2M
$-100.8M
FCF MarginFCF / Revenue
-3.3%
-48.6%
Capex IntensityCapex / Revenue
5.3%
0.5%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$81.8M
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KE
KE
RARE
RARE
Q4 25
$6.9M
$-99.8M
Q3 25
$8.1M
$-91.4M
Q2 25
$78.1M
$-108.3M
Q1 25
$30.9M
$-166.5M
Q4 24
$29.5M
$-79.3M
Q3 24
$45.5M
$-67.0M
Q2 24
$48.5M
$-77.0M
Q1 24
$42.6M
$-190.7M
Free Cash Flow
KE
KE
RARE
RARE
Q4 25
$-11.2M
$-100.8M
Q3 25
$-2.5M
$-92.7M
Q2 25
$68.4M
$-110.7M
Q1 25
$27.0M
$-167.8M
Q4 24
$23.1M
$-79.5M
Q3 24
$32.1M
$-68.6M
Q2 24
$39.5M
$-79.0M
Q1 24
$30.0M
$-193.9M
FCF Margin
KE
KE
RARE
RARE
Q4 25
-3.3%
-48.6%
Q3 25
-0.7%
-58.0%
Q2 25
18.0%
-66.5%
Q1 25
7.2%
-120.5%
Q4 24
6.5%
-48.3%
Q3 24
8.6%
-49.2%
Q2 24
9.2%
-53.7%
Q1 24
7.1%
-178.2%
Capex Intensity
KE
KE
RARE
RARE
Q4 25
5.3%
0.5%
Q3 25
2.9%
0.8%
Q2 25
2.5%
1.5%
Q1 25
1.0%
1.0%
Q4 24
1.8%
0.1%
Q3 24
3.6%
1.2%
Q2 24
2.1%
1.4%
Q1 24
3.0%
3.0%
Cash Conversion
KE
KE
RARE
RARE
Q4 25
1.89×
Q3 25
0.80×
Q2 25
11.86×
Q1 25
8.11×
Q4 24
8.58×
Q3 24
14.42×
Q2 24
6.43×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

KE
KE

Automotive$162.3M48%
Medical$96.3M28%
Industrial$82.7M24%

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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