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Side-by-side financial comparison of LENZ Therapeutics, Inc. (LENZ) 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 $12.5M, roughly 1.8× LENZ Therapeutics, Inc.). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -133.6%, a 134.4% gap on every dollar of revenue. R F INDUSTRIES LTD produced more free cash flow last quarter ($2.0M vs $-9.0M).

LENZ Therapeutics, Inc. is a clinical-stage biopharmaceutical firm dedicated to developing novel ophthalmic therapies. Its lead product candidates address presbyopia, the age-related loss of near vision, catering to global patient groups with unmet medical needs in the eye care sector.

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.

LENZ vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.8× larger
RFIL
$22.7M
$12.5M
LENZ
Higher net margin
RFIL
RFIL
134.4% more per $
RFIL
0.8%
-133.6%
LENZ
More free cash flow
RFIL
RFIL
$11.1M more FCF
RFIL
$2.0M
$-9.0M
LENZ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
LENZ
LENZ
RFIL
RFIL
Revenue
$12.5M
$22.7M
Net Profit
$-16.7M
$173.0K
Gross Margin
36.8%
Operating Margin
-151.1%
4.0%
Net Margin
-133.6%
0.8%
Revenue YoY
22.9%
Net Profit YoY
-63.5%
172.7%
EPS (diluted)
$-0.59
$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
LENZ
LENZ
RFIL
RFIL
Q4 25
$22.7M
Q3 25
$12.5M
$19.8M
Q2 25
$5.0M
$18.9M
Q1 25
$19.2M
Q4 24
$18.5M
Q3 24
$0
$16.8M
Q2 24
$0
$16.1M
Q1 24
$13.5M
Net Profit
LENZ
LENZ
RFIL
RFIL
Q4 25
$173.0K
Q3 25
$-16.7M
$392.0K
Q2 25
$-14.9M
$-245.0K
Q1 25
$-245.0K
Q4 24
$-238.0K
Q3 24
$-10.2M
$-705.0K
Q2 24
$-10.3M
$-4.3M
Q1 24
$-1.4M
Gross Margin
LENZ
LENZ
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
LENZ
LENZ
RFIL
RFIL
Q4 25
4.0%
Q3 25
-151.1%
3.6%
Q2 25
-337.1%
0.6%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
-2.5%
Q2 24
-2.6%
Q1 24
-15.5%
Net Margin
LENZ
LENZ
RFIL
RFIL
Q4 25
0.8%
Q3 25
-133.6%
2.0%
Q2 25
-298.2%
-1.3%
Q1 25
-1.3%
Q4 24
-1.3%
Q3 24
-4.2%
Q2 24
-26.7%
Q1 24
-10.1%
EPS (diluted)
LENZ
LENZ
RFIL
RFIL
Q4 25
$0.01
Q3 25
$-0.59
$0.04
Q2 25
$-0.53
$-0.02
Q1 25
$-0.02
Q4 24
$-0.02
Q3 24
$-0.38
$-0.07
Q2 24
$-0.40
$-0.41
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
LENZ
LENZ
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$25.4M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$193.9M
$35.2M
Total Assets
$210.7M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LENZ
LENZ
RFIL
RFIL
Q4 25
$5.1M
Q3 25
$25.4M
$3.0M
Q2 25
$37.6M
$3.6M
Q1 25
$1.3M
Q4 24
$839.0K
Q3 24
$41.0M
$1.8M
Q2 24
$84.0M
$1.4M
Q1 24
$4.5M
Stockholders' Equity
LENZ
LENZ
RFIL
RFIL
Q4 25
$35.2M
Q3 25
$193.9M
$34.8M
Q2 25
$206.4M
$34.2M
Q1 25
$34.2M
Q4 24
$34.1M
Q3 24
$215.3M
$34.1M
Q2 24
$192.9M
$34.6M
Q1 24
$38.7M
Total Assets
LENZ
LENZ
RFIL
RFIL
Q4 25
$73.0M
Q3 25
$210.7M
$73.2M
Q2 25
$217.3M
$72.7M
Q1 25
$70.4M
Q4 24
$71.0M
Q3 24
$224.0M
$71.9M
Q2 24
$202.6M
$72.8M
Q1 24
$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
LENZ
LENZ
RFIL
RFIL
Operating Cash FlowLast quarter
$-8.6M
$2.1M
Free Cash FlowOCF − Capex
$-9.0M
$2.0M
FCF MarginFCF / Revenue
-72.2%
9.0%
Capex IntensityCapex / Revenue
3.5%
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$-47.5M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LENZ
LENZ
RFIL
RFIL
Q4 25
$2.1M
Q3 25
$-8.6M
$-311.0K
Q2 25
$-11.5M
$2.2M
Q1 25
$601.0K
Q4 24
$-244.0K
Q3 24
$-10.6M
$2.4M
Q2 24
$-15.8M
$197.0K
Q1 24
$840.0K
Free Cash Flow
LENZ
LENZ
RFIL
RFIL
Q4 25
$2.0M
Q3 25
$-9.0M
$-419.0K
Q2 25
$-11.7M
$2.2M
Q1 25
$574.0K
Q4 24
$-418.0K
Q3 24
$-10.8M
$2.1M
Q2 24
$-15.9M
$28.0K
Q1 24
$697.0K
FCF Margin
LENZ
LENZ
RFIL
RFIL
Q4 25
9.0%
Q3 25
-72.2%
-2.1%
Q2 25
-235.0%
11.4%
Q1 25
3.0%
Q4 24
-2.3%
Q3 24
12.6%
Q2 24
0.2%
Q1 24
5.2%
Capex Intensity
LENZ
LENZ
RFIL
RFIL
Q4 25
0.3%
Q3 25
3.5%
0.5%
Q2 25
4.8%
0.2%
Q1 25
0.1%
Q4 24
0.9%
Q3 24
1.5%
Q2 24
1.0%
Q1 24
1.1%
Cash Conversion
LENZ
LENZ
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

LENZ
LENZ

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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