vs
Side-by-side financial comparison of Phathom Pharmaceuticals, Inc. (PHAT) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.
Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $51.2M, roughly 1.1× Plymouth Industrial REIT, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs -1.4%).
Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.
Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.
PHAT vs PLYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $57.6M | $51.2M |
| Net Profit | — | $-54.4M |
| Gross Margin | 86.7% | — |
| Operating Margin | — | -102.5% |
| Net Margin | — | -106.3% |
| Revenue YoY | 94.1% | -1.4% |
| Net Profit YoY | 71.6% | -248.5% |
| EPS (diluted) | — | $-1.23 |
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.
| Q4 25 | $57.6M | — | ||
| Q3 25 | $49.5M | $51.2M | ||
| Q2 25 | $39.5M | $47.2M | ||
| Q1 25 | $28.5M | $45.6M | ||
| Q4 24 | $29.7M | $47.6M | ||
| Q3 24 | $16.4M | $51.9M | ||
| Q2 24 | $7.3M | $48.7M | ||
| Q1 24 | — | $50.2M |
| Q4 25 | — | — | ||
| Q3 25 | $-30.0M | $-54.4M | ||
| Q2 25 | $-75.8M | $-6.1M | ||
| Q1 25 | $-94.3M | $5.8M | ||
| Q4 24 | — | $147.4M | ||
| Q3 24 | $-85.6M | $-15.6M | ||
| Q2 24 | $-91.4M | $1.3M | ||
| Q1 24 | — | $6.2M |
| Q4 25 | 86.7% | — | ||
| Q3 25 | 87.5% | — | ||
| Q2 25 | 87.2% | — | ||
| Q1 25 | 86.9% | — | ||
| Q4 24 | 87.1% | — | ||
| Q3 24 | 85.6% | — | ||
| Q2 24 | 81.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -30.8% | -102.5% | ||
| Q2 25 | -151.7% | -10.3% | ||
| Q1 25 | -276.5% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -433.0% | -29.6% | ||
| Q2 24 | -1055.4% | 2.7% | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | -60.5% | -106.3% | ||
| Q2 25 | -191.9% | -12.9% | ||
| Q1 25 | -330.7% | 12.8% | ||
| Q4 24 | — | 309.9% | ||
| Q3 24 | -523.3% | -30.1% | ||
| Q2 24 | -1248.6% | 2.7% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | — | — | ||
| Q3 25 | $-0.41 | $-1.23 | ||
| Q2 25 | $-1.05 | $-0.14 | ||
| Q1 25 | $-1.31 | $0.13 | ||
| Q4 24 | — | $3.24 | ||
| Q3 24 | $-1.32 | $-0.35 | ||
| Q2 24 | $-1.56 | $0.03 | ||
| Q1 24 | — | $0.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $130.0M | — |
| Total DebtLower is stronger | $209.1M | — |
| Stockholders' EquityBook value | $-438.2M | $470.1M |
| Total Assets | $259.1M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.0M | — | ||
| Q3 25 | $135.2M | — | ||
| Q2 25 | $149.6M | — | ||
| Q1 25 | $212.3M | — | ||
| Q4 24 | $297.3M | — | ||
| Q3 24 | $334.7M | — | ||
| Q2 24 | $276.2M | — | ||
| Q1 24 | — | — |
| Q4 25 | $209.1M | — | ||
| Q3 25 | $207.1M | — | ||
| Q2 25 | $205.1M | — | ||
| Q1 25 | $203.2M | — | ||
| Q4 24 | $201.4M | $646.4M | ||
| Q3 24 | $175.7M | — | ||
| Q2 24 | $174.4M | — | ||
| Q1 24 | — | — |
| Q4 25 | $-438.2M | — | ||
| Q3 25 | $-422.5M | $470.1M | ||
| Q2 25 | $-405.8M | $539.6M | ||
| Q1 25 | $-338.4M | $571.0M | ||
| Q4 24 | $-253.6M | $579.5M | ||
| Q3 24 | $-187.1M | $436.5M | ||
| Q2 24 | $-233.8M | $475.2M | ||
| Q1 24 | — | $484.6M |
| Q4 25 | $259.1M | — | ||
| Q3 25 | $240.3M | $1.6B | ||
| Q2 25 | $250.2M | $1.6B | ||
| Q1 25 | $294.2M | $1.4B | ||
| Q4 24 | $378.3M | $1.4B | ||
| Q3 24 | $387.0M | $1.5B | ||
| Q2 24 | $319.4M | $1.4B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-166.8M | $20.0M |
| Free Cash FlowOCF − Capex | $-167.0M | — |
| FCF MarginFCF / Revenue | -290.0% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-328.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-166.8M | — | ||
| Q3 25 | $-14.1M | $20.0M | ||
| Q2 25 | $-62.7M | $23.4M | ||
| Q1 25 | $-84.9M | $15.6M | ||
| Q4 24 | $-266.8M | $96.1M | ||
| Q3 24 | $-63.6M | $17.6M | ||
| Q2 24 | $-70.7M | $19.9M | ||
| Q1 24 | — | $16.6M |
| Q4 25 | $-167.0M | — | ||
| Q3 25 | $-14.1M | — | ||
| Q2 25 | $-62.8M | — | ||
| Q1 25 | $-84.9M | — | ||
| Q4 24 | $-266.9M | — | ||
| Q3 24 | $-63.6M | — | ||
| Q2 24 | $-70.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | -290.0% | — | ||
| Q3 25 | -28.6% | — | ||
| Q2 25 | -159.0% | — | ||
| Q1 25 | -297.9% | — | ||
| Q4 24 | -899.8% | — | ||
| Q3 24 | -389.0% | — | ||
| Q2 24 | -966.2% | — | ||
| Q1 24 | — | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.2% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.5% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.6% | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.67× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 15.12× | ||
| Q1 24 | — | 2.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
