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Side-by-side financial comparison of Liquidia Corp (LQDA) and SOUTH PLAINS FINANCIAL, INC. (SPFI). Click either name above to swap in a different company.

Liquidia Corp is the larger business by last-quarter revenue ($92.0M vs $54.1M, roughly 1.7× SOUTH PLAINS FINANCIAL, INC.). SOUTH PLAINS FINANCIAL, INC. runs the higher net margin — 26.9% vs 15.8%, a 11.0% gap on every dollar of revenue.

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

Ally Financial Inc. is an American bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan. The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.

LQDA vs SPFI — Head-to-Head

Bigger by revenue
LQDA
LQDA
1.7× larger
LQDA
$92.0M
$54.1M
SPFI
Higher net margin
SPFI
SPFI
11.0% more per $
SPFI
26.9%
15.8%
LQDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LQDA
LQDA
SPFI
SPFI
Revenue
$92.0M
$54.1M
Net Profit
$14.6M
$14.5M
Gross Margin
Operating Margin
21.5%
Net Margin
15.8%
26.9%
Revenue YoY
3054.6%
Net Profit YoY
137.9%
18.3%
EPS (diluted)
$0.18

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
LQDA
LQDA
SPFI
SPFI
Q1 26
$54.1M
Q4 25
$92.0M
$53.9M
Q3 25
$54.3M
$54.2M
Q2 25
$54.7M
Q1 25
$49.2M
Q4 24
$51.9M
Q3 24
$47.9M
Q2 24
$48.6M
Net Profit
LQDA
LQDA
SPFI
SPFI
Q1 26
$14.5M
Q4 25
$14.6M
Q3 25
$-3.5M
$16.3M
Q2 25
$14.6M
Q1 25
$12.3M
Q4 24
Q3 24
$11.2M
Q2 24
$11.1M
Operating Margin
LQDA
LQDA
SPFI
SPFI
Q1 26
Q4 25
21.5%
35.4%
Q3 25
3.3%
38.1%
Q2 25
34.1%
Q1 25
31.9%
Q4 24
39.9%
Q3 24
29.8%
Q2 24
29.3%
Net Margin
LQDA
LQDA
SPFI
SPFI
Q1 26
26.9%
Q4 25
15.8%
Q3 25
-6.5%
30.1%
Q2 25
26.7%
Q1 25
25.0%
Q4 24
Q3 24
23.4%
Q2 24
22.9%
EPS (diluted)
LQDA
LQDA
SPFI
SPFI
Q1 26
Q4 25
$0.18
$0.90
Q3 25
$-0.04
$0.96
Q2 25
$0.86
Q1 25
$0.72
Q4 24
$0.96
Q3 24
$0.66
Q2 24
$0.66

Balance Sheet & Financial Strength

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

Metric
LQDA
LQDA
SPFI
SPFI
Cash + ST InvestmentsLiquidity on hand
$190.7M
$722.0M
Total DebtLower is stronger
$3.0K
Stockholders' EquityBook value
$44.7M
$504.9M
Total Assets
$327.9M
$4.6B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
SPFI
SPFI
Q1 26
$722.0M
Q4 25
$190.7M
$552.4M
Q3 25
$157.5M
$635.0M
Q2 25
$470.5M
Q1 25
$536.3M
Q4 24
$359.1M
Q3 24
$471.2M
Q2 24
$298.0M
Total Debt
LQDA
LQDA
SPFI
SPFI
Q1 26
$3.0K
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
LQDA
LQDA
SPFI
SPFI
Q1 26
$504.9M
Q4 25
$44.7M
$493.8M
Q3 25
$22.1M
$477.8M
Q2 25
$454.1M
Q1 25
$443.7M
Q4 24
$438.9M
Q3 24
$443.1M
Q2 24
$418.0M
Total Assets
LQDA
LQDA
SPFI
SPFI
Q1 26
$4.6B
Q4 25
$327.9M
$4.5B
Q3 25
$276.0M
$4.5B
Q2 25
$4.4B
Q1 25
$4.4B
Q4 24
$4.2B
Q3 24
$4.3B
Q2 24
$4.2B
Debt / Equity
LQDA
LQDA
SPFI
SPFI
Q1 26
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
LQDA
LQDA
SPFI
SPFI
Operating Cash FlowLast quarter
$44.2M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
45.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
SPFI
SPFI
Q1 26
Q4 25
$44.2M
$77.5M
Q3 25
$-9.8M
$24.2M
Q2 25
$14.7M
Q1 25
$26.1M
Q4 24
$59.4M
Q3 24
$17.9M
Q2 24
$18.2M
Free Cash Flow
LQDA
LQDA
SPFI
SPFI
Q1 26
Q4 25
$42.2M
$71.8M
Q3 25
$-10.7M
$22.5M
Q2 25
$13.0M
Q1 25
$25.0M
Q4 24
$56.0M
Q3 24
$17.1M
Q2 24
$17.1M
FCF Margin
LQDA
LQDA
SPFI
SPFI
Q1 26
Q4 25
45.9%
133.3%
Q3 25
-19.7%
41.5%
Q2 25
23.8%
Q1 25
50.8%
Q4 24
108.0%
Q3 24
35.7%
Q2 24
35.2%
Capex Intensity
LQDA
LQDA
SPFI
SPFI
Q1 26
Q4 25
2.2%
10.5%
Q3 25
1.7%
3.2%
Q2 25
3.2%
Q1 25
2.3%
Q4 24
6.5%
Q3 24
1.6%
Q2 24
2.2%
Cash Conversion
LQDA
LQDA
SPFI
SPFI
Q1 26
Q4 25
3.04×
Q3 25
1.48×
Q2 25
1.01×
Q1 25
2.12×
Q4 24
Q3 24
1.59×
Q2 24
1.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LQDA
LQDA

Segment breakdown not available.

SPFI
SPFI

Net Interest Income$42.9M79%
Noninterest Income$11.3M21%

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