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Side-by-side financial comparison of Phathom Pharmaceuticals, Inc. (PHAT) and SILICOM LTD. (SILC). Click either name above to swap in a different company.

SILICOM LTD. is the larger business by last-quarter revenue ($61.9M vs $57.6M, roughly 1.1× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 6.6%). SILICOM LTD. produced more free cash flow last quarter ($-3.3M vs $-167.0M).

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.

Silicom Ltd. is a publicly traded company, headquartered in Israel, that specializes in the design, manufacture and marketing of connectivity solutions for a range of servers and server-based systems. Its shares are listed on the NASDAQ Global Market and on the Tel Aviv Stock Exchange. Silicom is a member of the RAD Group family of companies.

PHAT vs SILC — Head-to-Head

Bigger by revenue
SILC
SILC
1.1× larger
SILC
$61.9M
$57.6M
PHAT
Growing faster (revenue YoY)
PHAT
PHAT
+87.6% gap
PHAT
94.1%
6.6%
SILC
More free cash flow
SILC
SILC
$163.7M more FCF
SILC
$-3.3M
$-167.0M
PHAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PHAT
PHAT
SILC
SILC
Revenue
$57.6M
$61.9M
Net Profit
$-11.5M
Gross Margin
86.7%
30.6%
Operating Margin
-19.8%
Net Margin
-18.5%
Revenue YoY
94.1%
6.6%
Net Profit YoY
71.6%
16.3%
EPS (diluted)
$-2.01

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
SILC
SILC
Q4 25
$57.6M
$61.9M
Q3 25
$49.5M
Q2 25
$39.5M
Q1 25
$28.5M
Q4 24
$29.7M
$58.1M
Q3 24
$16.4M
Q2 24
$7.3M
Net Profit
PHAT
PHAT
SILC
SILC
Q4 25
$-11.5M
Q3 25
$-30.0M
Q2 25
$-75.8M
Q1 25
$-94.3M
Q4 24
$-13.7M
Q3 24
$-85.6M
Q2 24
$-91.4M
Gross Margin
PHAT
PHAT
SILC
SILC
Q4 25
86.7%
30.6%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
28.6%
Q3 24
85.6%
Q2 24
81.2%
Operating Margin
PHAT
PHAT
SILC
SILC
Q4 25
-19.8%
Q3 25
-30.8%
Q2 25
-151.7%
Q1 25
-276.5%
Q4 24
-22.8%
Q3 24
-433.0%
Q2 24
-1055.4%
Net Margin
PHAT
PHAT
SILC
SILC
Q4 25
-18.5%
Q3 25
-60.5%
Q2 25
-191.9%
Q1 25
-330.7%
Q4 24
-23.6%
Q3 24
-523.3%
Q2 24
-1248.6%
EPS (diluted)
PHAT
PHAT
SILC
SILC
Q4 25
$-2.01
Q3 25
$-0.41
Q2 25
$-1.05
Q1 25
$-1.31
Q4 24
$-2.28
Q3 24
$-1.32
Q2 24
$-1.56

Balance Sheet & Financial Strength

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

Metric
PHAT
PHAT
SILC
SILC
Cash + ST InvestmentsLiquidity on hand
$130.0M
$42.1M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$-438.2M
$117.5M
Total Assets
$259.1M
$152.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PHAT
PHAT
SILC
SILC
Q4 25
$130.0M
$42.1M
Q3 25
$135.2M
Q2 25
$149.6M
Q1 25
$212.3M
Q4 24
$297.3M
$72.1M
Q3 24
$334.7M
Q2 24
$276.2M
Total Debt
PHAT
PHAT
SILC
SILC
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
Stockholders' Equity
PHAT
PHAT
SILC
SILC
Q4 25
$-438.2M
$117.5M
Q3 25
$-422.5M
Q2 25
$-405.8M
Q1 25
$-338.4M
Q4 24
$-253.6M
$127.8M
Q3 24
$-187.1M
Q2 24
$-233.8M
Total Assets
PHAT
PHAT
SILC
SILC
Q4 25
$259.1M
$152.2M
Q3 25
$240.3M
Q2 25
$250.2M
Q1 25
$294.2M
Q4 24
$378.3M
$150.4M
Q3 24
$387.0M
Q2 24
$319.4M

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
SILC
SILC
Operating Cash FlowLast quarter
$-166.8M
$-2.2M
Free Cash FlowOCF − Capex
$-167.0M
$-3.3M
FCF MarginFCF / Revenue
-290.0%
-5.4%
Capex IntensityCapex / Revenue
0.4%
1.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PHAT
PHAT
SILC
SILC
Q4 25
$-166.8M
$-2.2M
Q3 25
$-14.1M
Q2 25
$-62.7M
Q1 25
$-84.9M
Q4 24
$-266.8M
$18.3M
Q3 24
$-63.6M
Q2 24
$-70.7M
Free Cash Flow
PHAT
PHAT
SILC
SILC
Q4 25
$-167.0M
$-3.3M
Q3 25
$-14.1M
Q2 25
$-62.8M
Q1 25
$-84.9M
Q4 24
$-266.9M
$17.4M
Q3 24
$-63.6M
Q2 24
$-70.8M
FCF Margin
PHAT
PHAT
SILC
SILC
Q4 25
-290.0%
-5.4%
Q3 25
-28.6%
Q2 25
-159.0%
Q1 25
-297.9%
Q4 24
-899.8%
29.9%
Q3 24
-389.0%
Q2 24
-966.2%
Capex Intensity
PHAT
PHAT
SILC
SILC
Q4 25
0.4%
1.9%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.5%
1.6%
Q3 24
0.3%
Q2 24
0.6%

Financial Flow Comparison

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

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