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Side-by-side financial comparison of MEDIFAST INC (MED) and PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB). Click either name above to swap in a different company.

MEDIFAST INC is the larger business by last-quarter revenue ($75.1M vs $44.6M, roughly 1.7× PACIFIC BIOSCIENCES OF CALIFORNIA, INC.). On growth, PACIFIC BIOSCIENCES OF CALIFORNIA, INC. posted the faster year-over-year revenue change (13.8% vs -36.9%). MEDIFAST INC produced more free cash flow last quarter ($-6.6M vs $-19.9M). Over the past eight quarters, PACIFIC BIOSCIENCES OF CALIFORNIA, INC.'s revenue compounded faster (7.3% CAGR vs -34.4%).

Medifast, Inc. is an American nutrition and weight loss company based in Baltimore, Maryland. Medifast produces, distributes, and sells weight loss and health-related products through websites, multi-level marketing, telemarketing, and franchised weight loss clinics.

Pacific Biosciences of California, Inc. is an American biotechnology company founded in 2004 that develops and manufactures systems for gene sequencing and some novel real time biological observation. PacBio has two principal sequencing platforms: single-molecule real-time sequencing (SMRT), based on the properties of zero-mode waveguides and sequencing by binding (SBB) chemistry, which uses native nucleotides and scarless incorporation for DNA binding and extension.

MED vs PACB — Head-to-Head

Bigger by revenue
MED
MED
1.7× larger
MED
$75.1M
$44.6M
PACB
Growing faster (revenue YoY)
PACB
PACB
+50.7% gap
PACB
13.8%
-36.9%
MED
More free cash flow
MED
MED
$13.3M more FCF
MED
$-6.6M
$-19.9M
PACB
Faster 2-yr revenue CAGR
PACB
PACB
Annualised
PACB
7.3%
-34.4%
MED

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MED
MED
PACB
PACB
Revenue
$75.1M
$44.6M
Net Profit
$-40.4M
Gross Margin
69.4%
37.1%
Operating Margin
-10.4%
-92.3%
Net Margin
-90.4%
Revenue YoY
-36.9%
13.8%
Net Profit YoY
-1802.7%
EPS (diluted)
$-1.64
$-0.11

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
MED
MED
PACB
PACB
Q4 25
$75.1M
$44.6M
Q3 25
$89.4M
$38.4M
Q2 25
$105.6M
$39.8M
Q1 25
$115.7M
$37.2M
Q4 24
$119.0M
$39.2M
Q3 24
$140.2M
$40.0M
Q2 24
$168.6M
$36.0M
Q1 24
$174.7M
$38.8M
Net Profit
MED
MED
PACB
PACB
Q4 25
$-40.4M
Q3 25
$-2.3M
$-38.0M
Q2 25
$2.5M
$-41.9M
Q1 25
$-772.0K
$-426.1M
Q4 24
$2.4M
Q3 24
$1.1M
$-60.7M
Q2 24
$-8.2M
$-173.3M
Q1 24
$8.3M
$-78.2M
Gross Margin
MED
MED
PACB
PACB
Q4 25
69.4%
37.1%
Q3 25
69.5%
41.4%
Q2 25
72.6%
36.9%
Q1 25
72.8%
-3.7%
Q4 24
74.1%
25.6%
Q3 24
75.4%
25.0%
Q2 24
73.2%
16.5%
Q1 24
72.8%
29.1%
Operating Margin
MED
MED
PACB
PACB
Q4 25
-10.4%
-92.3%
Q3 25
-4.6%
-101.1%
Q2 25
-1.0%
-112.8%
Q1 25
-1.1%
-1154.5%
Q4 24
0.6%
-390.1%
Q3 24
1.5%
-160.3%
Q2 24
-4.7%
-488.3%
Q1 24
4.5%
-209.6%
Net Margin
MED
MED
PACB
PACB
Q4 25
-90.4%
Q3 25
-2.5%
-98.9%
Q2 25
2.3%
-105.4%
Q1 25
-0.7%
-1146.8%
Q4 24
6.0%
Q3 24
0.8%
-151.9%
Q2 24
-4.8%
-481.3%
Q1 24
4.8%
-201.4%
EPS (diluted)
MED
MED
PACB
PACB
Q4 25
$-1.64
$-0.11
Q3 25
$-0.21
$-0.13
Q2 25
$0.22
$-0.14
Q1 25
$-0.07
$-1.44
Q4 24
$0.08
$-0.44
Q3 24
$0.10
$-0.22
Q2 24
$-0.75
$-0.64
Q1 24
$0.76
$-0.29

Balance Sheet & Financial Strength

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

Metric
MED
MED
PACB
PACB
Cash + ST InvestmentsLiquidity on hand
$167.3M
$279.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$198.9M
$5.3M
Total Assets
$248.0M
$784.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MED
MED
PACB
PACB
Q4 25
$167.3M
$279.5M
Q3 25
$173.5M
$298.7M
Q2 25
$162.7M
$314.7M
Q1 25
$164.6M
$343.1M
Q4 24
$162.3M
$389.9M
Q3 24
$170.0M
$471.1M
Q2 24
$163.5M
$509.8M
Q1 24
$156.4M
$561.9M
Stockholders' Equity
MED
MED
PACB
PACB
Q4 25
$198.9M
$5.3M
Q3 25
$214.7M
$36.1M
Q2 25
$216.0M
$61.5M
Q1 25
$211.0M
$91.6M
Q4 24
$210.1M
$506.6M
Q3 24
$207.3M
$453.1M
Q2 24
$205.3M
$492.7M
Q1 24
$211.0M
$649.0M
Total Assets
MED
MED
PACB
PACB
Q4 25
$248.0M
$784.1M
Q3 25
$268.2M
$803.2M
Q2 25
$269.3M
$825.5M
Q1 25
$280.0M
$860.8M
Q4 24
$284.2M
$1.3B
Q3 24
$291.2M
$1.5B
Q2 24
$293.5M
$1.5B
Q1 24
$302.8M
$1.7B

Cash Flow & Capital Efficiency

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

Metric
MED
MED
PACB
PACB
Operating Cash FlowLast quarter
$-5.3M
$-19.1M
Free Cash FlowOCF − Capex
$-6.6M
$-19.9M
FCF MarginFCF / Revenue
-8.8%
-44.6%
Capex IntensityCapex / Revenue
1.8%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.2M
$-114.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MED
MED
PACB
PACB
Q4 25
$-5.3M
$-19.1M
Q3 25
$12.1M
$-18.7M
Q2 25
$-3.4M
$-29.4M
Q1 25
$3.4M
$-44.1M
Q4 24
$-4.9M
$-30.6M
Q3 24
$9.1M
$-45.5M
Q2 24
$13.1M
$-54.3M
Q1 24
$7.3M
$-75.7M
Free Cash Flow
MED
MED
PACB
PACB
Q4 25
$-6.6M
$-19.9M
Q3 25
$10.8M
$-18.8M
Q2 25
$-4.8M
$-29.9M
Q1 25
$1.9M
$-45.4M
Q4 24
$-7.2M
$-32.3M
Q3 24
$7.7M
$-46.3M
Q2 24
$11.1M
$-55.7M
Q1 24
$5.4M
$-79.6M
FCF Margin
MED
MED
PACB
PACB
Q4 25
-8.8%
-44.6%
Q3 25
12.0%
-48.9%
Q2 25
-4.5%
-75.3%
Q1 25
1.6%
-122.3%
Q4 24
-6.1%
-82.3%
Q3 24
5.5%
-115.7%
Q2 24
6.6%
-154.8%
Q1 24
3.1%
-205.0%
Capex Intensity
MED
MED
PACB
PACB
Q4 25
1.8%
1.9%
Q3 25
1.5%
0.2%
Q2 25
1.3%
1.4%
Q1 25
1.3%
3.7%
Q4 24
1.9%
4.1%
Q3 24
1.0%
2.0%
Q2 24
1.1%
4.1%
Q1 24
1.1%
10.0%
Cash Conversion
MED
MED
PACB
PACB
Q4 25
Q3 25
Q2 25
-1.36×
Q1 25
Q4 24
-12.93×
Q3 24
8.04×
Q2 24
Q1 24
0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MED
MED

Segment breakdown not available.

PACB
PACB

Products$39.0M87%
Service And Other$5.7M13%

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