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Side-by-side financial comparison of New Gold Inc. (NGD) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

New Gold Inc. is the larger business by last-quarter revenue ($44.1M vs $28.8M, roughly 1.5× X4 Pharmaceuticals, Inc).

JB Hi-Fi Limited is an Australian consumer electronics retail company. It is publicly listed on the Australian Securities Exchange. Its headquarters are located in Southbank, Melbourne, Victoria.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

NGD vs XFOR — Head-to-Head

Bigger by revenue
NGD
NGD
1.5× larger
NGD
$44.1M
$28.8M
XFOR

Income Statement — Q3 FY2025 vs Q1 FY2025

Metric
NGD
NGD
XFOR
XFOR
Revenue
$44.1M
$28.8M
Net Profit
$282.0K
Gross Margin
83.6%
Operating Margin
-32.8%
Net Margin
1.0%
Revenue YoY
Net Profit YoY
100.5%
EPS (diluted)
$0.04

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
NGD
NGD
XFOR
XFOR
Q3 25
$44.1M
Q1 25
$28.8M
Q1 24
$0
Q3 23
$0
Q2 23
$0
Net Profit
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
$282.0K
Q1 24
$-51.8M
Q3 23
$-2.3M
Q2 23
$-55.7M
Gross Margin
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
83.6%
Q1 24
Q3 23
Q2 23
Operating Margin
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
-32.8%
Q1 24
Q3 23
Q2 23
Net Margin
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
1.0%
Q1 24
Q3 23
Q2 23
EPS (diluted)
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
$0.04
Q1 24
$-7.77
Q3 23
$-0.01
Q2 23
$-0.33

Balance Sheet & Financial Strength

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

Metric
NGD
NGD
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$40.3M
Total DebtLower is stronger
$75.0M
Stockholders' EquityBook value
$22.9M
Total Assets
$130.0M
Debt / EquityLower = less leverage
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
$40.3M
Q1 24
$60.5M
Q3 23
$131.6M
Q2 23
$136.4M
Total Debt
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
$75.0M
Q1 24
$55.0M
Q3 23
$55.0M
Q2 23
$32.5M
Stockholders' Equity
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
$22.9M
Q1 24
$1.0M
Q3 23
$67.6M
Q2 23
$67.5M
Total Assets
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
$130.0M
Q1 24
$112.2M
Q3 23
$173.3M
Q2 23
$173.4M
Debt / Equity
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
3.27×
Q1 24
53.09×
Q3 23
0.81×
Q2 23
0.48×

Cash Flow & Capital Efficiency

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

Metric
NGD
NGD
XFOR
XFOR
Operating Cash FlowLast quarter
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
$-12.4M
Q1 24
$-33.6M
Q3 23
$-68.8M
Q2 23
$-47.9M
Free Cash Flow
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
Q1 24
$-33.7M
Q3 23
$-68.8M
Q2 23
$-47.9M
Capex Intensity
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
0.0%
Q1 24
Q3 23
Q2 23
Cash Conversion
NGD
NGD
XFOR
XFOR
Q3 25
Q1 25
-43.86×
Q1 24
Q3 23
Q2 23

Financial Flow Comparison

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

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