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Side-by-side financial comparison of KAMADA LTD (KMDA) and TELOS CORP (TLS). Click either name above to swap in a different company.

KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $46.8M, roughly 1.0× TELOS CORP). KAMADA LTD runs the higher net margin — 11.3% vs -34.9%, a 46.1% gap on every dollar of revenue. On growth, TELOS CORP posted the faster year-over-year revenue change (77.4% vs 12.6%). Over the past eight quarters, TELOS CORP's revenue compounded faster (25.7% CAGR vs 12.0%).

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

Telos Corporation is an information technology and cybersecurity company located in Ashburn, Virginia. Telos primarily serves government and enterprise clients, receiving a large number of its contracts from the United States Department of Defense. Customers are primarily military, intelligence and civilian agencies of the US government and NATO allies.

KMDA vs TLS — Head-to-Head

Bigger by revenue
KMDA
KMDA
1.0× larger
KMDA
$47.0M
$46.8M
TLS
Growing faster (revenue YoY)
TLS
TLS
+64.7% gap
TLS
77.4%
12.6%
KMDA
Higher net margin
KMDA
KMDA
46.1% more per $
KMDA
11.3%
-34.9%
TLS
Faster 2-yr revenue CAGR
TLS
TLS
Annualised
TLS
25.7%
12.0%
KMDA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KMDA
KMDA
TLS
TLS
Revenue
$47.0M
$46.8M
Net Profit
$5.3M
$-16.3M
Gross Margin
42.0%
35.0%
Operating Margin
16.6%
-39.6%
Net Margin
11.3%
-34.9%
Revenue YoY
12.6%
77.4%
Net Profit YoY
37.1%
-74.8%
EPS (diluted)
$0.09
$-0.22

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
TLS
TLS
Q4 25
$46.8M
Q3 25
$47.0M
$51.4M
Q2 25
$44.8M
$36.0M
Q1 25
$44.0M
$30.6M
Q4 24
$26.4M
Q3 24
$41.7M
$23.8M
Q2 24
$42.5M
$28.5M
Q1 24
$37.7M
$29.6M
Net Profit
KMDA
KMDA
TLS
TLS
Q4 25
$-16.3M
Q3 25
$5.3M
$-2.1M
Q2 25
$7.4M
$-9.5M
Q1 25
$4.0M
$-8.6M
Q4 24
$-9.3M
Q3 24
$3.9M
$-28.1M
Q2 24
$4.4M
$-7.8M
Q1 24
$2.4M
$-7.4M
Gross Margin
KMDA
KMDA
TLS
TLS
Q4 25
35.0%
Q3 25
42.0%
39.9%
Q2 25
42.3%
33.2%
Q1 25
47.1%
39.8%
Q4 24
40.3%
Q3 24
41.3%
13.2%
Q2 24
44.6%
34.1%
Q1 24
44.4%
37.0%
Operating Margin
KMDA
KMDA
TLS
TLS
Q4 25
-39.6%
Q3 25
16.6%
-4.8%
Q2 25
15.8%
-27.5%
Q1 25
17.7%
-29.5%
Q4 24
-37.6%
Q3 24
12.7%
-121.4%
Q2 24
13.3%
-30.3%
Q1 24
10.7%
-28.5%
Net Margin
KMDA
KMDA
TLS
TLS
Q4 25
-34.9%
Q3 25
11.3%
-4.1%
Q2 25
16.5%
-26.5%
Q1 25
9.0%
-28.1%
Q4 24
-35.4%
Q3 24
9.3%
-118.0%
Q2 24
10.4%
-27.2%
Q1 24
6.3%
-24.9%
EPS (diluted)
KMDA
KMDA
TLS
TLS
Q4 25
$-0.22
Q3 25
$0.09
$-0.03
Q2 25
$0.13
$-0.13
Q1 25
$0.07
$-0.12
Q4 24
$-0.13
Q3 24
$0.07
$-0.39
Q2 24
$0.08
$-0.11
Q1 24
$0.04
$-0.10

Balance Sheet & Financial Strength

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

Metric
KMDA
KMDA
TLS
TLS
Cash + ST InvestmentsLiquidity on hand
$72.0M
$53.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$265.2M
$96.0M
Total Assets
$377.2M
$139.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMDA
KMDA
TLS
TLS
Q4 25
$53.2M
Q3 25
$72.0M
$59.0M
Q2 25
$66.0M
$57.0M
Q1 25
$76.3M
$57.8M
Q4 24
$54.6M
Q3 24
$72.0M
$69.8M
Q2 24
$56.5M
$80.1M
Q1 24
$48.2M
$93.9M
Stockholders' Equity
KMDA
KMDA
TLS
TLS
Q4 25
$96.0M
Q3 25
$265.2M
$119.7M
Q2 25
$260.0M
$118.4M
Q1 25
$252.0M
$126.1M
Q4 24
$127.1M
Q3 24
$255.3M
$129.5M
Q2 24
$251.2M
$149.1M
Q1 24
$251.2M
$154.4M
Total Assets
KMDA
KMDA
TLS
TLS
Q4 25
$139.9M
Q3 25
$377.2M
$164.3M
Q2 25
$368.2M
$165.0M
Q1 25
$375.1M
$158.1M
Q4 24
$158.2M
Q3 24
$351.2M
$166.3M
Q2 24
$351.0M
$182.4M
Q1 24
$343.2M
$195.4M

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
TLS
TLS
Operating Cash FlowLast quarter
$10.4M
$8.0M
Free Cash FlowOCF − Capex
$8.0M
FCF MarginFCF / Revenue
17.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters
$29.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMDA
KMDA
TLS
TLS
Q4 25
$8.0M
Q3 25
$10.4M
$9.1M
Q2 25
$8.0M
$7.0M
Q1 25
$-513.0K
$6.1M
Q4 24
$-10.5M
Q3 24
$22.2M
$-7.1M
Q2 24
$14.0M
$-8.0M
Q1 24
$1.0M
$-350.0K
Free Cash Flow
KMDA
KMDA
TLS
TLS
Q4 25
$8.0M
Q3 25
$8.7M
Q2 25
$6.8M
Q1 25
$6.0M
Q4 24
$-12.4M
Q3 24
$-7.1M
Q2 24
$-8.2M
Q1 24
$-447.0K
FCF Margin
KMDA
KMDA
TLS
TLS
Q4 25
17.0%
Q3 25
16.9%
Q2 25
19.0%
Q1 25
19.5%
Q4 24
-47.0%
Q3 24
-30.0%
Q2 24
-28.9%
Q1 24
-1.5%
Capex Intensity
KMDA
KMDA
TLS
TLS
Q4 25
0.1%
Q3 25
0.9%
Q2 25
0.4%
Q1 25
0.4%
Q4 24
7.1%
Q3 24
0.2%
Q2 24
0.8%
Q1 24
0.3%
Cash Conversion
KMDA
KMDA
TLS
TLS
Q4 25
Q3 25
1.97×
Q2 25
1.09×
Q1 25
-0.13×
Q4 24
Q3 24
5.75×
Q2 24
3.15×
Q1 24
0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KMDA
KMDA

Segment breakdown not available.

TLS
TLS

Security Solutions Segment$44.8M96%
Secure Networks Segment$1.9M4%

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