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Side-by-side financial comparison of Kestrel Group Ltd (KG) and SUTRO BIOPHARMA, INC. (STRO). Click either name above to swap in a different company.

Kestrel Group Ltd is the larger business by last-quarter revenue ($17.4M vs $11.6M, roughly 1.5× SUTRO BIOPHARMA, INC.).

Kestrel is an American bicycle brand which specialized in high-end bikes for triathlons and road racing.

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

KG vs STRO — Head-to-Head

Bigger by revenue
KG
KG
1.5× larger
KG
$17.4M
$11.6M
STRO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KG
KG
STRO
STRO
Revenue
$17.4M
$11.6M
Net Profit
$-5.1M
Gross Margin
Operating Margin
-23.3%
Net Margin
-29.0%
Revenue YoY
-21.4%
Net Profit YoY
35.4%
EPS (diluted)
$-0.65

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
KG
KG
STRO
STRO
Q4 25
$11.6M
Q3 25
$17.4M
$9.7M
Q2 25
$5.6M
$63.7M
Q1 25
$17.4M
Q4 24
$14.8M
Q3 24
$8.5M
Q2 24
$25.7M
Q1 24
$13.0M
Net Profit
KG
KG
STRO
STRO
Q4 25
Q3 25
$-5.1M
$-56.9M
Q2 25
$69.9M
$-11.5M
Q1 25
$-76.0M
Q4 24
$-72.4M
Q3 24
$-48.8M
Q2 24
$-48.0M
Q1 24
$-58.2M
Operating Margin
KG
KG
STRO
STRO
Q4 25
Q3 25
-23.3%
-499.9%
Q2 25
-5.2%
Q1 25
-393.8%
Q4 24
-440.7%
Q3 24
-797.2%
Q2 24
-189.4%
Q1 24
-435.0%
Net Margin
KG
KG
STRO
STRO
Q4 25
Q3 25
-29.0%
-586.6%
Q2 25
1258.8%
-18.0%
Q1 25
-436.6%
Q4 24
-489.2%
Q3 24
-572.6%
Q2 24
-186.8%
Q1 24
-447.5%
EPS (diluted)
KG
KG
STRO
STRO
Q4 25
Q3 25
$-0.65
$-0.67
Q2 25
$15.05
$-0.14
Q1 25
$-0.91
Q4 24
$-27.63
Q3 24
$-0.59
Q2 24
$-0.59
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
KG
KG
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$12.9M
$141.4M
Total DebtLower is stronger
$174.1M
Stockholders' EquityBook value
$143.8M
$-132.5M
Total Assets
$1.1B
$173.8M
Debt / EquityLower = less leverage
1.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KG
KG
STRO
STRO
Q4 25
$141.4M
Q3 25
$12.9M
$167.6M
Q2 25
$19.0M
$205.1M
Q1 25
$249.0M
Q4 24
$316.9M
Q3 24
$388.3M
Q2 24
$375.6M
Q1 24
$267.6M
Total Debt
KG
KG
STRO
STRO
Q4 25
Q3 25
$174.1M
Q2 25
$173.8M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
KG
KG
STRO
STRO
Q4 25
$-132.5M
Q3 25
$143.8M
$-87.3M
Q2 25
$150.1M
$-32.1M
Q1 25
$-25.8M
Q4 24
$44.6M
Q3 24
$111.2M
Q2 24
$152.2M
Q1 24
$98.0M
Total Assets
KG
KG
STRO
STRO
Q4 25
$173.8M
Q3 25
$1.1B
$209.7M
Q2 25
$1.2B
$262.4M
Q1 25
$321.4M
Q4 24
$387.2M
Q3 24
$451.8M
Q2 24
$489.0M
Q1 24
$403.4M
Debt / Equity
KG
KG
STRO
STRO
Q4 25
Q3 25
1.21×
Q2 25
1.16×
Q1 25
Q4 24
Q3 24
Q2 24
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
KG
KG
STRO
STRO
Operating Cash FlowLast quarter
$-9.7M
$-177.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KG
KG
STRO
STRO
Q4 25
$-177.2M
Q3 25
$-9.7M
$-38.2M
Q2 25
$-20.7M
$-44.7M
Q1 25
$-67.9M
Q4 24
$-71.7M
Q3 24
$-64.5M
Q2 24
$9.5M
Q1 24
$-64.7M
Cash Conversion
KG
KG
STRO
STRO
Q4 25
Q3 25
Q2 25
-0.30×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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