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Side-by-side financial comparison of Neptune Insurance Holdings Inc. (NP) and Entrada Therapeutics, Inc. (TRDA). Click either name above to swap in a different company.

Neptune Insurance Holdings Inc. is the larger business by last-quarter revenue ($37.8M vs $20.6M, roughly 1.8× Entrada Therapeutics, Inc.). Neptune Insurance Holdings Inc. runs the higher net margin — 0.1% vs -84.4%, a 84.5% gap on every dollar of revenue. On growth, Neptune Insurance Holdings Inc. posted the faster year-over-year revenue change (28.8% vs -65.2%).

Neptune Insurance Holdings Inc. is a specialty insurance holding company that offers a broad portfolio of property and casualty insurance products, with a core focus on residential and commercial flood insurance for customers across the United States. It serves both individual consumers and small to mid-sized business clients, using advanced data analytics to support accurate policy pricing and robust risk management.

Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.

NP vs TRDA — Head-to-Head

Bigger by revenue
NP
NP
1.8× larger
NP
$37.8M
$20.6M
TRDA
Growing faster (revenue YoY)
NP
NP
+94.0% gap
NP
28.8%
-65.2%
TRDA
Higher net margin
NP
NP
84.5% more per $
NP
0.1%
-84.4%
TRDA

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
NP
NP
TRDA
TRDA
Revenue
$37.8M
$20.6M
Net Profit
$50.0K
$-17.3M
Gross Margin
Operating Margin
-106.0%
Net Margin
0.1%
-84.4%
Revenue YoY
28.8%
-65.2%
Net Profit YoY
0.0%
-173.8%
EPS (diluted)
$0.05
$-0.42

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
NP
NP
TRDA
TRDA
Q1 26
$37.8M
Q3 25
$44.4M
Q1 25
$20.6M
Q4 24
$37.4M
Q3 24
$33.8M
$19.6M
Q2 24
$94.7M
Q1 24
$59.1M
Q4 23
$41.8M
Net Profit
NP
NP
TRDA
TRDA
Q1 26
$50.0K
Q3 25
$11.5M
Q1 25
$-17.3M
Q4 24
$1.1M
Q3 24
$12.1M
$-14.0M
Q2 24
$55.0M
Q1 24
$23.5M
Q4 23
$-9.5M
Operating Margin
NP
NP
TRDA
TRDA
Q1 26
Q3 25
46.7%
Q1 25
-106.0%
Q4 24
-15.7%
Q3 24
58.6%
-110.7%
Q2 24
56.4%
Q1 24
35.7%
Q4 23
11.7%
Net Margin
NP
NP
TRDA
TRDA
Q1 26
0.1%
Q3 25
25.9%
Q1 25
-84.4%
Q4 24
3.0%
Q3 24
35.8%
-71.7%
Q2 24
58.1%
Q1 24
39.7%
Q4 23
-22.8%
EPS (diluted)
NP
NP
TRDA
TRDA
Q1 26
$0.05
Q3 25
$0.06
Q1 25
$-0.42
Q4 24
$-0.20
Q3 24
$0.06
$-0.35
Q2 24
$1.55
Q1 24
$0.68
Q4 23
$-0.23

Balance Sheet & Financial Strength

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

Metric
NP
NP
TRDA
TRDA
Cash + ST InvestmentsLiquidity on hand
$67.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$417.3M
Total Assets
$486.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NP
NP
TRDA
TRDA
Q1 26
Q3 25
$12.2M
Q1 25
$67.8M
Q4 24
$101.2M
Q3 24
$78.0M
Q2 24
$185.3M
Q1 24
$68.4M
Q4 23
$67.6M
Total Debt
NP
NP
TRDA
TRDA
Q1 26
Q3 25
$247.6M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Stockholders' Equity
NP
NP
TRDA
TRDA
Q1 26
Q3 25
$-509.5M
Q1 25
$417.3M
Q4 24
$428.7M
Q3 24
$-374.3M
$422.4M
Q2 24
$429.9M
Q1 24
$269.4M
Q4 23
$242.4M
Total Assets
NP
NP
TRDA
TRDA
Q1 26
Q3 25
$89.6M
Q1 25
$486.5M
Q4 24
$526.3M
Q3 24
$554.6M
Q2 24
$582.0M
Q1 24
$510.8M
Q4 23
$469.2M

Cash Flow & Capital Efficiency

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

Metric
NP
NP
TRDA
TRDA
Operating Cash FlowLast quarter
$-38.5M
Free Cash FlowOCF − Capex
$-39.7M
FCF MarginFCF / Revenue
-192.9%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-58.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NP
NP
TRDA
TRDA
Q1 26
Q3 25
$38.9M
Q1 25
$-38.5M
Q4 24
$-31.6M
Q3 24
$-24.3M
Q2 24
$39.8M
Q1 24
$-25.5M
Q4 23
$-4.0M
Free Cash Flow
NP
NP
TRDA
TRDA
Q1 26
Q3 25
Q1 25
$-39.7M
Q4 24
$-32.2M
Q3 24
$-24.9M
Q2 24
$38.8M
Q1 24
$-26.4M
Q4 23
$-5.0M
FCF Margin
NP
NP
TRDA
TRDA
Q1 26
Q3 25
Q1 25
-192.9%
Q4 24
-86.2%
Q3 24
-127.3%
Q2 24
41.0%
Q1 24
-44.6%
Q4 23
-11.9%
Capex Intensity
NP
NP
TRDA
TRDA
Q1 26
Q3 25
Q1 25
5.6%
Q4 24
1.7%
Q3 24
3.3%
Q2 24
1.1%
Q1 24
1.4%
Q4 23
2.3%
Cash Conversion
NP
NP
TRDA
TRDA
Q1 26
Q3 25
3.38×
Q1 25
Q4 24
-27.94×
Q3 24
Q2 24
0.72×
Q1 24
-1.09×
Q4 23

Financial Flow Comparison

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

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