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Side-by-side financial comparison of NovaBay Pharmaceuticals, Inc. (NBY) and STRATUS PROPERTIES INC (STRS). Click either name above to swap in a different company.

STRATUS PROPERTIES INC is the larger business by last-quarter revenue ($8.3M vs $4.8M, roughly 1.7× NovaBay Pharmaceuticals, Inc.). STRATUS PROPERTIES INC runs the higher net margin — 203.2% vs -25.5%, a 228.8% gap on every dollar of revenue. On growth, NovaBay Pharmaceuticals, Inc. posted the faster year-over-year revenue change (126.1% vs -19.4%). NovaBay Pharmaceuticals, Inc. produced more free cash flow last quarter ($-1.7M vs $-38.0M). Over the past eight quarters, NovaBay Pharmaceuticals, Inc.'s revenue compounded faster (42.5% CAGR vs -44.1%).

NovaBay Pharmaceuticals, Inc. is an Emeryville, California based clinical-stage biopharmaceutical company, focused on products for eye care. Major products include Avenova, cleared by FDA for lid and lash cleansing as part of a regimen for Blepharitis. and NeutroPhase, used in treatment of Necrotizing Fasciitis

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

NBY vs STRS — Head-to-Head

Bigger by revenue
STRS
STRS
1.7× larger
STRS
$8.3M
$4.8M
NBY
Growing faster (revenue YoY)
NBY
NBY
+145.5% gap
NBY
126.1%
-19.4%
STRS
Higher net margin
STRS
STRS
228.8% more per $
STRS
203.2%
-25.5%
NBY
More free cash flow
NBY
NBY
$36.4M more FCF
NBY
$-1.7M
$-38.0M
STRS
Faster 2-yr revenue CAGR
NBY
NBY
Annualised
NBY
42.5%
-44.1%
STRS

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
NBY
NBY
STRS
STRS
Revenue
$4.8M
$8.3M
Net Profit
$-1.2M
$16.9M
Gross Margin
65.2%
Operating Margin
-37.2%
Net Margin
-25.5%
203.2%
Revenue YoY
126.1%
-19.4%
Net Profit YoY
70.5%
1293.4%
EPS (diluted)
$2.42

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
NBY
NBY
STRS
STRS
Q4 25
$8.3M
Q3 25
$5.0M
Q2 25
$11.6M
Q1 25
$5.0M
Q4 24
$4.8M
$10.3M
Q3 24
$0
$8.9M
Q2 24
$2.4M
$8.5M
Q1 24
$2.6M
$26.5M
Net Profit
NBY
NBY
STRS
STRS
Q4 25
$16.9M
Q3 25
$-8.0M
Q2 25
$-2.3M
Q1 25
$-3.8M
Q4 24
$-1.2M
$-1.4M
Q3 24
$-1.2M
$-1.4M
Q2 24
$-1.6M
$-2.8M
Q1 24
$-3.2M
$3.7M
Gross Margin
NBY
NBY
STRS
STRS
Q4 25
Q3 25
-85.1%
Q2 25
-19.0%
Q1 25
5.1%
Q4 24
65.2%
18.3%
Q3 24
2.5%
Q2 24
66.3%
10.9%
Q1 24
68.2%
30.7%
Operating Margin
NBY
NBY
STRS
STRS
Q4 25
Q3 25
-162.9%
Q2 25
-6.5%
Q1 25
-71.3%
Q4 24
-37.2%
-13.6%
Q3 24
-17.1%
Q2 24
-67.4%
-34.4%
Q1 24
-87.1%
13.9%
Net Margin
NBY
NBY
STRS
STRS
Q4 25
203.2%
Q3 25
-161.1%
Q2 25
-19.8%
Q1 25
-74.5%
Q4 24
-25.5%
-13.7%
Q3 24
-15.9%
Q2 24
-66.0%
-32.7%
Q1 24
-122.2%
13.9%
EPS (diluted)
NBY
NBY
STRS
STRS
Q4 25
$2.42
Q3 25
$-0.62
Q2 25
$0.03
Q1 25
$-0.36
Q4 24
$-0.06
Q3 24
$-1.92
$-0.05
Q2 24
$-1.37
$-0.21
Q1 24
$-29.95
$0.56

Balance Sheet & Financial Strength

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

Metric
NBY
NBY
STRS
STRS
Cash + ST InvestmentsLiquidity on hand
$430.0K
$74.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-129.0K
$204.5M
Total Assets
$3.4M
$563.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NBY
NBY
STRS
STRS
Q4 25
$74.3M
Q3 25
$55.0M
Q2 25
$59.4M
Q1 25
$12.0M
Q4 24
$430.0K
$20.2M
Q3 24
$776.0K
$19.6M
Q2 24
$751.0K
$13.5M
Q1 24
$1.8M
$20.7M
Stockholders' Equity
NBY
NBY
STRS
STRS
Q4 25
$204.5M
Q3 25
$185.8M
Q2 25
$191.9M
Q1 25
$191.5M
Q4 24
$-129.0K
$194.7M
Q3 24
$1.1M
$196.4M
Q2 24
$-617.0K
$196.3M
Q1 24
$160.0K
$197.6M
Total Assets
NBY
NBY
STRS
STRS
Q4 25
$563.4M
Q3 25
$572.6M
Q2 25
$574.8M
Q1 25
$534.6M
Q4 24
$3.4M
$532.6M
Q3 24
$3.9M
$523.2M
Q2 24
$3.9M
$514.0M
Q1 24
$5.4M
$509.5M

Cash Flow & Capital Efficiency

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

Metric
NBY
NBY
STRS
STRS
Operating Cash FlowLast quarter
$-1.7M
$-29.9M
Free Cash FlowOCF − Capex
$-1.7M
$-38.0M
FCF MarginFCF / Revenue
-35.4%
-458.5%
Capex IntensityCapex / Revenue
0.1%
98.2%
Cash ConversionOCF / Net Profit
-1.77×
TTM Free Cash FlowTrailing 4 quarters
$-70.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NBY
NBY
STRS
STRS
Q4 25
$-29.9M
Q3 25
$-9.0M
Q2 25
$-1.7M
Q1 25
$-13.5M
Q4 24
$-1.7M
$-5.8M
Q3 24
$-2.4M
$-686.0K
Q2 24
$-1.4M
$-8.3M
Q1 24
$-2.0M
$6.5M
Free Cash Flow
NBY
NBY
STRS
STRS
Q4 25
$-38.0M
Q3 25
$-9.9M
Q2 25
$-4.3M
Q1 25
$-18.0M
Q4 24
$-1.7M
$-35.0M
Q3 24
$-7.5M
Q2 24
$-16.3M
Q1 24
$-2.0M
$-1.6M
FCF Margin
NBY
NBY
STRS
STRS
Q4 25
-458.5%
Q3 25
-198.7%
Q2 25
-37.2%
Q1 25
-357.4%
Q4 24
-35.4%
-339.7%
Q3 24
-84.4%
Q2 24
-191.6%
Q1 24
-75.3%
-6.0%
Capex Intensity
NBY
NBY
STRS
STRS
Q4 25
98.2%
Q3 25
18.4%
Q2 25
22.7%
Q1 25
89.8%
Q4 24
0.1%
283.0%
Q3 24
76.7%
Q2 24
0.0%
94.2%
Q1 24
0.1%
30.7%
Cash Conversion
NBY
NBY
STRS
STRS
Q4 25
-1.77×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NBY
NBY

Other$2.4M51%
Total Product Revenue$2.3M49%

STRS
STRS

Segment breakdown not available.

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