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Side-by-side financial comparison of OPKO HEALTH, INC. (OPK) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $148.5M, roughly 1.1× OPKO HEALTH, INC.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -21.1%, a 92.2% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -19.2%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $-28.6M).

OPKO Health, Inc. is a medical test and medication company focused on diagnostics and pharmaceuticals. The company is a publicly traded company on NASDAQ and TASE under the symbol "OPK".

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

OPK vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.1× larger
STOK
$158.6M
$148.5M
OPK
Growing faster (revenue YoY)
STOK
STOK
+3680.3% gap
STOK
3661.1%
-19.2%
OPK
Higher net margin
STOK
STOK
92.2% more per $
STOK
71.2%
-21.1%
OPK
More free cash flow
STOK
STOK
$160.3M more FCF
STOK
$131.7M
$-28.6M
OPK

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
OPK
OPK
STOK
STOK
Revenue
$148.5M
$158.6M
Net Profit
$-31.3M
$112.9M
Gross Margin
43.1%
Operating Margin
-25.8%
70.2%
Net Margin
-21.1%
71.2%
Revenue YoY
-19.2%
3661.1%
Net Profit YoY
-322.8%
528.0%
EPS (diluted)
$-0.04
$1.90

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
OPK
OPK
STOK
STOK
Q4 25
$148.5M
Q3 25
$151.7M
Q2 25
$156.8M
Q1 25
$150.0M
$158.6M
Q4 24
$183.6M
$22.6M
Q3 24
$173.6M
Q2 24
$182.2M
Q1 24
$173.7M
Net Profit
OPK
OPK
STOK
STOK
Q4 25
$-31.3M
Q3 25
$21.6M
Q2 25
$-148.4M
Q1 25
$-67.6M
$112.9M
Q4 24
$14.0M
$-10.5M
Q3 24
$24.9M
Q2 24
$-10.3M
Q1 24
$-81.8M
Gross Margin
OPK
OPK
STOK
STOK
Q4 25
43.1%
Q3 25
32.9%
Q2 25
31.5%
Q1 25
28.4%
Q4 24
46.1%
Q3 24
23.1%
Q2 24
28.4%
Q1 24
24.2%
Operating Margin
OPK
OPK
STOK
STOK
Q4 25
-25.8%
Q3 25
31.7%
Q2 25
-38.3%
Q1 25
-44.8%
70.2%
Q4 24
-18.0%
-60.4%
Q3 24
8.2%
Q2 24
-33.9%
Q1 24
-41.2%
Net Margin
OPK
OPK
STOK
STOK
Q4 25
-21.1%
Q3 25
14.3%
Q2 25
-94.7%
Q1 25
-45.1%
71.2%
Q4 24
7.6%
-46.4%
Q3 24
14.3%
Q2 24
-5.7%
Q1 24
-47.1%
EPS (diluted)
OPK
OPK
STOK
STOK
Q4 25
$-0.04
Q3 25
$0.03
Q2 25
$-0.19
Q1 25
$-0.10
$1.90
Q4 24
$0.02
$-0.15
Q3 24
$0.03
Q2 24
$-0.01
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
OPK
OPK
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$364.4M
$274.8M
Total DebtLower is stronger
$344.0M
Stockholders' EquityBook value
$1.3B
$350.1M
Total Assets
$1.9B
$406.9M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPK
OPK
STOK
STOK
Q4 25
$364.4M
Q3 25
$412.0M
Q2 25
$267.3M
Q1 25
$428.8M
$274.8M
Q4 24
$426.6M
$128.0M
Q3 24
$400.1M
Q2 24
$40.6M
Q1 24
$75.6M
Total Debt
OPK
OPK
STOK
STOK
Q4 25
$344.0M
Q3 25
$344.2M
Q2 25
$343.3M
Q1 25
$439.2M
Q4 24
$437.2M
Q3 24
$441.0M
Q2 24
$201.9M
Q1 24
$350.1M
Stockholders' Equity
OPK
OPK
STOK
STOK
Q4 25
$1.3B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.3B
$350.1M
Q4 24
$1.4B
$229.0M
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.3B
Total Assets
OPK
OPK
STOK
STOK
Q4 25
$1.9B
Q3 25
$2.0B
Q2 25
$2.0B
Q1 25
$2.1B
$406.9M
Q4 24
$2.2B
$271.6M
Q3 24
$2.3B
Q2 24
$2.0B
Q1 24
$2.0B
Debt / Equity
OPK
OPK
STOK
STOK
Q4 25
0.27×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.33×
Q4 24
0.32×
Q3 24
0.31×
Q2 24
0.14×
Q1 24
0.28×

Cash Flow & Capital Efficiency

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

Metric
OPK
OPK
STOK
STOK
Operating Cash FlowLast quarter
$-25.9M
$131.8M
Free Cash FlowOCF − Capex
$-28.6M
$131.7M
FCF MarginFCF / Revenue
-19.3%
83.0%
Capex IntensityCapex / Revenue
1.8%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$-190.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPK
OPK
STOK
STOK
Q4 25
$-25.9M
Q3 25
$-34.6M
Q2 25
$-83.4M
Q1 25
$-34.6M
$131.8M
Q4 24
$-44.4M
$-23.2M
Q3 24
$-77.1M
Q2 24
$-26.4M
Q1 24
$-35.6M
Free Cash Flow
OPK
OPK
STOK
STOK
Q4 25
$-28.6M
Q3 25
$-37.8M
Q2 25
$-86.7M
Q1 25
$-37.7M
$131.7M
Q4 24
$-49.8M
$-23.2M
Q3 24
$-85.0M
Q2 24
$-33.7M
Q1 24
$-40.0M
FCF Margin
OPK
OPK
STOK
STOK
Q4 25
-19.3%
Q3 25
-24.9%
Q2 25
-55.3%
Q1 25
-25.2%
83.0%
Q4 24
-27.1%
-102.7%
Q3 24
-49.0%
Q2 24
-18.5%
Q1 24
-23.0%
Capex Intensity
OPK
OPK
STOK
STOK
Q4 25
1.8%
Q3 25
2.1%
Q2 25
2.1%
Q1 25
2.1%
0.1%
Q4 24
2.9%
0.2%
Q3 24
4.6%
Q2 24
4.0%
Q1 24
2.6%
Cash Conversion
OPK
OPK
STOK
STOK
Q4 25
Q3 25
-1.60×
Q2 25
Q1 25
1.17×
Q4 24
-3.17×
Q3 24
-3.10×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPK
OPK

Services$71.1M48%
Transfer Of Intellectual Property And Other$33.7M23%
IE$22.1M15%
Rayaldee$8.8M6%
Barda Agreement$6.8M5%
MX$6.3M4%

STOK
STOK

Segment breakdown not available.

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