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Side-by-side financial comparison of N-able, Inc. (NABL) and Ultragenyx Pharmaceutical Inc. (RARE). Click either name above to swap in a different company.

Ultragenyx Pharmaceutical Inc. is the larger business by last-quarter revenue ($207.3M vs $130.3M, roughly 1.6× N-able, Inc.). On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% vs 11.8%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $-100.8M). Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% CAGR vs 7.0%).

Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

NABL vs RARE — Head-to-Head

Bigger by revenue
RARE
RARE
1.6× larger
RARE
$207.3M
$130.3M
NABL
Growing faster (revenue YoY)
RARE
RARE
+14.1% gap
RARE
25.9%
11.8%
NABL
More free cash flow
NABL
NABL
$121.6M more FCF
NABL
$20.9M
$-100.8M
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
7.0%
NABL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NABL
NABL
RARE
RARE
Revenue
$130.3M
$207.3M
Net Profit
$-128.6M
Gross Margin
76.2%
Operating Margin
10.2%
-54.7%
Net Margin
-62.0%
Revenue YoY
11.8%
25.9%
Net Profit YoY
3.5%
EPS (diluted)
$-0.04
$-1.28

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
NABL
NABL
RARE
RARE
Q4 25
$130.3M
$207.3M
Q3 25
$131.7M
$159.9M
Q2 25
$131.2M
$166.5M
Q1 25
$118.2M
$139.3M
Q4 24
$116.5M
$164.6M
Q3 24
$116.4M
$139.5M
Q2 24
$119.4M
$147.0M
Q1 24
$113.7M
$108.8M
Net Profit
NABL
NABL
RARE
RARE
Q4 25
$-128.6M
Q3 25
$1.4M
$-180.4M
Q2 25
$-4.0M
$-115.0M
Q1 25
$-7.2M
$-151.1M
Q4 24
$-133.2M
Q3 24
$10.8M
$-133.5M
Q2 24
$9.5M
$-131.6M
Q1 24
$7.5M
$-170.7M
Gross Margin
NABL
NABL
RARE
RARE
Q4 25
76.2%
Q3 25
77.5%
Q2 25
78.1%
Q1 25
76.6%
Q4 24
80.0%
Q3 24
82.9%
Q2 24
84.0%
Q1 24
83.9%
Operating Margin
NABL
NABL
RARE
RARE
Q4 25
10.2%
-54.7%
Q3 25
8.8%
-106.9%
Q2 25
7.7%
-64.8%
Q1 25
1.5%
-102.6%
Q4 24
13.7%
-74.3%
Q3 24
20.5%
-94.6%
Q2 24
18.4%
-79.1%
Q1 24
18.0%
-151.9%
Net Margin
NABL
NABL
RARE
RARE
Q4 25
-62.0%
Q3 25
1.1%
-112.8%
Q2 25
-3.1%
-69.0%
Q1 25
-6.1%
-108.5%
Q4 24
-80.9%
Q3 24
9.2%
-95.7%
Q2 24
7.9%
-89.5%
Q1 24
6.6%
-156.8%
EPS (diluted)
NABL
NABL
RARE
RARE
Q4 25
$-0.04
$-1.28
Q3 25
$0.01
$-1.81
Q2 25
$-0.02
$-1.17
Q1 25
$-0.04
$-1.57
Q4 24
$0.01
$-1.34
Q3 24
$0.06
$-1.40
Q2 24
$0.05
$-1.52
Q1 24
$0.04
$-2.03

Balance Sheet & Financial Strength

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

Metric
NABL
NABL
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$111.8M
$421.0M
Total DebtLower is stronger
$393.9M
Stockholders' EquityBook value
$804.7M
$-80.0M
Total Assets
$1.4B
$1.5B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NABL
NABL
RARE
RARE
Q4 25
$111.8M
$421.0M
Q3 25
$101.4M
$202.5M
Q2 25
$93.9M
$176.3M
Q1 25
$94.1M
$127.1M
Q4 24
$85.2M
$174.0M
Q3 24
$174.4M
$150.6M
Q2 24
$157.5M
$480.7M
Q1 24
$139.2M
$112.3M
Total Debt
NABL
NABL
RARE
RARE
Q4 25
$393.9M
Q3 25
$331.7M
Q2 25
$332.1M
Q1 25
$332.6M
Q4 24
$333.1M
Q3 24
$333.6M
Q2 24
$334.1M
Q1 24
$334.5M
Stockholders' Equity
NABL
NABL
RARE
RARE
Q4 25
$804.7M
$-80.0M
Q3 25
$813.4M
$9.2M
Q2 25
$809.4M
$151.3M
Q1 25
$775.1M
$144.2M
Q4 24
$759.3M
$255.0M
Q3 24
$765.0M
$346.8M
Q2 24
$724.4M
$432.4M
Q1 24
$709.1M
$140.3M
Total Assets
NABL
NABL
RARE
RARE
Q4 25
$1.4B
$1.5B
Q3 25
$1.4B
$1.2B
Q2 25
$1.4B
$1.3B
Q1 25
$1.4B
$1.3B
Q4 24
$1.3B
$1.5B
Q3 24
$1.2B
$1.5B
Q2 24
$1.2B
$1.6B
Q1 24
$1.1B
$1.3B
Debt / Equity
NABL
NABL
RARE
RARE
Q4 25
0.49×
Q3 25
0.41×
Q2 25
0.41×
Q1 25
0.43×
Q4 24
0.44×
Q3 24
0.44×
Q2 24
0.46×
Q1 24
0.47×

Cash Flow & Capital Efficiency

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

Metric
NABL
NABL
RARE
RARE
Operating Cash FlowLast quarter
$25.3M
$-99.8M
Free Cash FlowOCF − Capex
$20.9M
$-100.8M
FCF MarginFCF / Revenue
16.0%
-48.6%
Capex IntensityCapex / Revenue
3.4%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NABL
NABL
RARE
RARE
Q4 25
$25.3M
$-99.8M
Q3 25
$24.0M
$-91.4M
Q2 25
$24.2M
$-108.3M
Q1 25
$19.7M
$-166.5M
Q4 24
$26.0M
$-79.3M
Q3 24
$22.0M
$-67.0M
Q2 24
$27.3M
$-77.0M
Q1 24
$4.2M
$-190.7M
Free Cash Flow
NABL
NABL
RARE
RARE
Q4 25
$20.9M
$-100.8M
Q3 25
$17.4M
$-92.7M
Q2 25
$20.4M
$-110.7M
Q1 25
$16.4M
$-167.8M
Q4 24
$18.8M
$-79.5M
Q3 24
$18.2M
$-68.6M
Q2 24
$24.0M
$-79.0M
Q1 24
$746.0K
$-193.9M
FCF Margin
NABL
NABL
RARE
RARE
Q4 25
16.0%
-48.6%
Q3 25
13.2%
-58.0%
Q2 25
15.5%
-66.5%
Q1 25
13.9%
-120.5%
Q4 24
16.2%
-48.3%
Q3 24
15.7%
-49.2%
Q2 24
20.1%
-53.7%
Q1 24
0.7%
-178.2%
Capex Intensity
NABL
NABL
RARE
RARE
Q4 25
3.4%
0.5%
Q3 25
5.0%
0.8%
Q2 25
2.9%
1.5%
Q1 25
2.8%
1.0%
Q4 24
6.1%
0.1%
Q3 24
3.2%
1.2%
Q2 24
2.7%
1.4%
Q1 24
3.0%
3.0%
Cash Conversion
NABL
NABL
RARE
RARE
Q4 25
Q3 25
17.36×
Q2 25
Q1 25
Q4 24
Q3 24
2.04×
Q2 24
2.89×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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