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Side-by-side financial comparison of Phathom Pharmaceuticals, Inc. (PHAT) and Sila Realty Trust, Inc. (SILA). Click either name above to swap in a different company.

Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $50.1M, roughly 1.1× Sila Realty Trust, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 7.6%).

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.

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

PHAT vs SILA — Head-to-Head

Bigger by revenue
PHAT
PHAT
1.1× larger
PHAT
$57.6M
$50.1M
SILA
Growing faster (revenue YoY)
PHAT
PHAT
+86.5% gap
PHAT
94.1%
7.6%
SILA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PHAT
PHAT
SILA
SILA
Revenue
$57.6M
$50.1M
Net Profit
$5.0M
Gross Margin
86.7%
88.9%
Operating Margin
Net Margin
10.0%
Revenue YoY
94.1%
7.6%
Net Profit YoY
71.6%
-54.9%
EPS (diluted)
$0.10

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
PHAT
PHAT
SILA
SILA
Q4 25
$57.6M
$50.1M
Q3 25
$49.5M
$49.8M
Q2 25
$39.5M
$48.7M
Q1 25
$28.5M
$48.3M
Q4 24
$29.7M
$46.5M
Q3 24
$16.4M
$46.1M
Q2 24
$7.3M
$43.6M
Q1 24
$50.6M
Net Profit
PHAT
PHAT
SILA
SILA
Q4 25
$5.0M
Q3 25
$-30.0M
$11.6M
Q2 25
$-75.8M
$8.6M
Q1 25
$-94.3M
$7.9M
Q4 24
$11.1M
Q3 24
$-85.6M
$11.9M
Q2 24
$-91.4M
$4.6M
Q1 24
$15.0M
Gross Margin
PHAT
PHAT
SILA
SILA
Q4 25
86.7%
88.9%
Q3 25
87.5%
88.1%
Q2 25
87.2%
87.7%
Q1 25
86.9%
86.9%
Q4 24
87.1%
87.3%
Q3 24
85.6%
87.4%
Q2 24
81.2%
86.6%
Q1 24
89.0%
Operating Margin
PHAT
PHAT
SILA
SILA
Q4 25
Q3 25
-30.8%
Q2 25
-151.7%
Q1 25
-276.5%
Q4 24
Q3 24
-433.0%
Q2 24
-1055.4%
Q1 24
Net Margin
PHAT
PHAT
SILA
SILA
Q4 25
10.0%
Q3 25
-60.5%
23.3%
Q2 25
-191.9%
17.6%
Q1 25
-330.7%
16.4%
Q4 24
23.9%
Q3 24
-523.3%
25.9%
Q2 24
-1248.6%
10.6%
Q1 24
29.6%
EPS (diluted)
PHAT
PHAT
SILA
SILA
Q4 25
$0.10
Q3 25
$-0.41
$0.21
Q2 25
$-1.05
$0.15
Q1 25
$-1.31
$0.14
Q4 24
$0.20
Q3 24
$-1.32
$0.21
Q2 24
$-1.56
$0.08
Q1 24
$0.26

Balance Sheet & Financial Strength

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

Metric
PHAT
PHAT
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$130.0M
$32.3M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$-438.2M
$1.3B
Total Assets
$259.1M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHAT
PHAT
SILA
SILA
Q4 25
$130.0M
$32.3M
Q3 25
$135.2M
$27.7M
Q2 25
$149.6M
$24.8M
Q1 25
$212.3M
$30.5M
Q4 24
$297.3M
$39.8M
Q3 24
$334.7M
$28.6M
Q2 24
$276.2M
$87.0M
Q1 24
$90.2M
Total Debt
PHAT
PHAT
SILA
SILA
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q1 24
Stockholders' Equity
PHAT
PHAT
SILA
SILA
Q4 25
$-438.2M
$1.3B
Q3 25
$-422.5M
$1.3B
Q2 25
$-405.8M
$1.4B
Q1 25
$-338.4M
$1.4B
Q4 24
$-253.6M
$1.4B
Q3 24
$-187.1M
$1.4B
Q2 24
$-233.8M
$1.5B
Q1 24
$1.5B
Total Assets
PHAT
PHAT
SILA
SILA
Q4 25
$259.1M
$2.1B
Q3 25
$240.3M
$2.1B
Q2 25
$250.2M
$2.0B
Q1 25
$294.2M
$2.0B
Q4 24
$378.3M
$2.0B
Q3 24
$387.0M
$2.0B
Q2 24
$319.4M
$2.1B
Q1 24
$2.1B

Cash Flow & Capital Efficiency

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

Metric
PHAT
PHAT
SILA
SILA
Operating Cash FlowLast quarter
$-166.8M
$119.1M
Free Cash FlowOCF − Capex
$-167.0M
FCF MarginFCF / Revenue
-290.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
23.76×
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHAT
PHAT
SILA
SILA
Q4 25
$-166.8M
$119.1M
Q3 25
$-14.1M
$30.0M
Q2 25
$-62.7M
$31.9M
Q1 25
$-84.9M
$24.1M
Q4 24
$-266.8M
$132.8M
Q3 24
$-63.6M
$29.1M
Q2 24
$-70.7M
$31.6M
Q1 24
$36.6M
Free Cash Flow
PHAT
PHAT
SILA
SILA
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
FCF Margin
PHAT
PHAT
SILA
SILA
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
Capex Intensity
PHAT
PHAT
SILA
SILA
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
Cash Conversion
PHAT
PHAT
SILA
SILA
Q4 25
23.76×
Q3 25
2.59×
Q2 25
3.71×
Q1 25
3.06×
Q4 24
11.95×
Q3 24
2.43×
Q2 24
6.84×
Q1 24
2.44×

Financial Flow Comparison

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

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