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Side-by-side financial comparison of Mount Logan Capital Inc. (MLCI) and SUTRO BIOPHARMA, INC. (STRO). Click either name above to swap in a different company.

SUTRO BIOPHARMA, INC. is the larger business by last-quarter revenue ($11.6M vs $11.4M, roughly 1.0× Mount Logan Capital Inc.).

180 Degree Capital Corp. is a publicly traded registered closed-end management investment company.

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

MLCI vs STRO — Head-to-Head

Bigger by revenue
STRO
STRO
1.0× larger
STRO
$11.6M
$11.4M
MLCI

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MLCI
MLCI
STRO
STRO
Revenue
$11.4M
$11.6M
Net Profit
$-13.4M
Gross Margin
Operating Margin
-97.3%
Net Margin
-117.5%
Revenue YoY
-21.4%
Net Profit YoY
35.4%
EPS (diluted)
$-1.64

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
MLCI
MLCI
STRO
STRO
Q4 25
$11.6M
Q3 25
$11.4M
$9.7M
Q2 25
$63.7M
Q1 25
$17.4M
Q4 24
$14.8M
Q3 24
$8.5M
Q2 24
$25.7M
Q1 24
$13.0M
Net Profit
MLCI
MLCI
STRO
STRO
Q4 25
Q3 25
$-13.4M
$-56.9M
Q2 25
$-11.5M
Q1 25
$-76.0M
Q4 24
$-72.4M
Q3 24
$-48.8M
Q2 24
$-48.0M
Q1 24
$-58.2M
Operating Margin
MLCI
MLCI
STRO
STRO
Q4 25
Q3 25
-97.3%
-499.9%
Q2 25
-5.2%
Q1 25
-393.8%
Q4 24
-440.7%
Q3 24
-797.2%
Q2 24
-189.4%
Q1 24
-435.0%
Net Margin
MLCI
MLCI
STRO
STRO
Q4 25
Q3 25
-117.5%
-586.6%
Q2 25
-18.0%
Q1 25
-436.6%
Q4 24
-489.2%
Q3 24
-572.6%
Q2 24
-186.8%
Q1 24
-447.5%
EPS (diluted)
MLCI
MLCI
STRO
STRO
Q4 25
Q3 25
$-1.64
$-0.67
Q2 25
$-0.14
Q1 25
$-0.91
Q4 24
$-27.63
Q3 24
$-0.59
Q2 24
$-0.59
Q1 24
$-0.59

Balance Sheet & Financial Strength

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

Metric
MLCI
MLCI
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$141.4M
Total DebtLower is stronger
$73.4M
Stockholders' EquityBook value
$131.2M
$-132.5M
Total Assets
$1.6B
$173.8M
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLCI
MLCI
STRO
STRO
Q4 25
$141.4M
Q3 25
$167.6M
Q2 25
$205.1M
Q1 25
$249.0M
Q4 24
$316.9M
Q3 24
$388.3M
Q2 24
$375.6M
Q1 24
$267.6M
Total Debt
MLCI
MLCI
STRO
STRO
Q4 25
Q3 25
$73.4M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MLCI
MLCI
STRO
STRO
Q4 25
$-132.5M
Q3 25
$131.2M
$-87.3M
Q2 25
$-32.1M
Q1 25
$-25.8M
Q4 24
$44.6M
Q3 24
$111.2M
Q2 24
$152.2M
Q1 24
$98.0M
Total Assets
MLCI
MLCI
STRO
STRO
Q4 25
$173.8M
Q3 25
$1.6B
$209.7M
Q2 25
$262.4M
Q1 25
$321.4M
Q4 24
$387.2M
Q3 24
$451.8M
Q2 24
$489.0M
Q1 24
$403.4M
Debt / Equity
MLCI
MLCI
STRO
STRO
Q4 25
Q3 25
0.56×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MLCI
MLCI
STRO
STRO
Operating Cash FlowLast quarter
$-25.6M
$-177.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLCI
MLCI
STRO
STRO
Q4 25
$-177.2M
Q3 25
$-25.6M
$-38.2M
Q2 25
$-44.7M
Q1 25
$-67.9M
Q4 24
$-71.7M
Q3 24
$-64.5M
Q2 24
$9.5M
Q1 24
$-64.7M

Financial Flow Comparison

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

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