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Side-by-side financial comparison of KAMADA LTD (KMDA) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $25.9M, roughly 1.8× NaaS Technology Inc.). KAMADA LTD runs the higher net margin — 11.3% vs -193.3%, a 204.5% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 12.6%).

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

KMDA vs NAAS — Head-to-Head

Bigger by revenue
KMDA
KMDA
1.8× larger
KMDA
$47.0M
$25.9M
NAAS
Growing faster (revenue YoY)
NAAS
NAAS
+108.6% gap
NAAS
121.2%
12.6%
KMDA
Higher net margin
KMDA
KMDA
204.5% more per $
KMDA
11.3%
-193.3%
NAAS

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
KMDA
KMDA
NAAS
NAAS
Revenue
$47.0M
$25.9M
Net Profit
$5.3M
$-50.0M
Gross Margin
42.0%
29.2%
Operating Margin
16.6%
-144.2%
Net Margin
11.3%
-193.3%
Revenue YoY
12.6%
121.2%
Net Profit YoY
37.1%
18.4%
EPS (diluted)
$0.09
$-0.02

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
KMDA
KMDA
NAAS
NAAS
Q3 25
$47.0M
Q2 25
$44.8M
Q1 25
$44.0M
Q3 24
$41.7M
Q2 24
$42.5M
$25.9M
Q1 24
$37.7M
Q3 23
$37.9M
Q2 23
$37.4M
Net Profit
KMDA
KMDA
NAAS
NAAS
Q3 25
$5.3M
Q2 25
$7.4M
Q1 25
$4.0M
Q3 24
$3.9M
Q2 24
$4.4M
$-50.0M
Q1 24
$2.4M
Q3 23
$3.2M
Q2 23
$1.8M
Gross Margin
KMDA
KMDA
NAAS
NAAS
Q3 25
42.0%
Q2 25
42.3%
Q1 25
47.1%
Q3 24
41.3%
Q2 24
44.6%
29.2%
Q1 24
44.4%
Q3 23
39.0%
Q2 23
38.6%
Operating Margin
KMDA
KMDA
NAAS
NAAS
Q3 25
16.6%
Q2 25
15.8%
Q1 25
17.7%
Q3 24
12.7%
Q2 24
13.3%
-144.2%
Q1 24
10.7%
Q3 23
11.5%
Q2 23
7.0%
Net Margin
KMDA
KMDA
NAAS
NAAS
Q3 25
11.3%
Q2 25
16.5%
Q1 25
9.0%
Q3 24
9.3%
Q2 24
10.4%
-193.3%
Q1 24
6.3%
Q3 23
8.5%
Q2 23
4.8%
EPS (diluted)
KMDA
KMDA
NAAS
NAAS
Q3 25
$0.09
Q2 25
$0.13
Q1 25
$0.07
Q3 24
$0.07
Q2 24
$0.08
$-0.02
Q1 24
$0.04
Q3 23
$0.06
Q2 23
$0.04

Balance Sheet & Financial Strength

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

Metric
KMDA
KMDA
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$72.0M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$265.2M
$-33.4M
Total Assets
$377.2M
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMDA
KMDA
NAAS
NAAS
Q3 25
$72.0M
Q2 25
$66.0M
Q1 25
$76.3M
Q3 24
$72.0M
Q2 24
$56.5M
$24.7M
Q1 24
$48.2M
Q3 23
$52.6M
Q2 23
$21.8M
Stockholders' Equity
KMDA
KMDA
NAAS
NAAS
Q3 25
$265.2M
Q2 25
$260.0M
Q1 25
$252.0M
Q3 24
$255.3M
Q2 24
$251.2M
$-33.4M
Q1 24
$251.2M
Q3 23
$238.4M
Q2 23
$176.8M
Total Assets
KMDA
KMDA
NAAS
NAAS
Q3 25
$377.2M
Q2 25
$368.2M
Q1 25
$375.1M
Q3 24
$351.2M
Q2 24
$351.0M
$180.2M
Q1 24
$343.2M
Q3 23
$337.1M
Q2 23
$314.4M

Cash Flow & Capital Efficiency

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

Metric
KMDA
KMDA
NAAS
NAAS
Operating Cash FlowLast quarter
$10.4M
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMDA
KMDA
NAAS
NAAS
Q3 25
$10.4M
Q2 25
$8.0M
Q1 25
$-513.0K
Q3 24
$22.2M
Q2 24
$14.0M
$-25.7M
Q1 24
$1.0M
Q3 23
$921.0K
Q2 23
$1.8M
Cash Conversion
KMDA
KMDA
NAAS
NAAS
Q3 25
1.97×
Q2 25
1.09×
Q1 25
-0.13×
Q3 24
5.75×
Q2 24
3.15×
Q1 24
0.43×
Q3 23
0.29×
Q2 23
1.00×

Financial Flow Comparison

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

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