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

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $158.6M, roughly 1.0× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -82.0%, a 153.1% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs -22.7%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $-36.6M).

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

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.

PTCT vs STOK — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.0× larger
PTCT
$164.7M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3683.9% gap
STOK
3661.1%
-22.7%
PTCT
Higher net margin
STOK
STOK
153.1% more per $
STOK
71.2%
-82.0%
PTCT
More free cash flow
STOK
STOK
$168.3M more FCF
STOK
$131.7M
$-36.6M
PTCT

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
PTCT
PTCT
STOK
STOK
Revenue
$164.7M
$158.6M
Net Profit
$-135.0M
$112.9M
Gross Margin
Operating Margin
-43.3%
70.2%
Net Margin
-82.0%
71.2%
Revenue YoY
-22.7%
3661.1%
Net Profit YoY
-104.8%
528.0%
EPS (diluted)
$-1.63
$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
PTCT
PTCT
STOK
STOK
Q4 25
$164.7M
Q3 25
$211.0M
Q2 25
$178.9M
Q1 25
$1.2B
$158.6M
Q4 24
$213.2M
$22.6M
Q3 24
$196.8M
Q2 24
$186.7M
Q1 24
$210.1M
Net Profit
PTCT
PTCT
STOK
STOK
Q4 25
$-135.0M
Q3 25
$15.9M
Q2 25
$-64.8M
Q1 25
$866.6M
$112.9M
Q4 24
$-65.9M
$-10.5M
Q3 24
$-106.7M
Q2 24
$-99.2M
Q1 24
$-91.6M
Operating Margin
PTCT
PTCT
STOK
STOK
Q4 25
-43.3%
Q3 25
1.4%
Q2 25
-19.5%
Q1 25
82.5%
70.2%
Q4 24
-76.2%
-60.4%
Q3 24
-27.7%
Q2 24
-21.5%
Q1 24
-21.6%
Net Margin
PTCT
PTCT
STOK
STOK
Q4 25
-82.0%
Q3 25
7.5%
Q2 25
-36.3%
Q1 25
73.7%
71.2%
Q4 24
-30.9%
-46.4%
Q3 24
-54.2%
Q2 24
-53.1%
Q1 24
-43.6%
EPS (diluted)
PTCT
PTCT
STOK
STOK
Q4 25
$-1.63
Q3 25
$0.20
Q2 25
$-0.83
Q1 25
$10.04
$1.90
Q4 24
$-0.85
$-0.15
Q3 24
$-1.39
Q2 24
$-1.29
Q1 24
$-1.20

Balance Sheet & Financial Strength

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

Metric
PTCT
PTCT
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$1.9B
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$-205.3M
$350.1M
Total Assets
$2.9B
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PTCT
PTCT
STOK
STOK
Q4 25
$1.9B
Q3 25
$1.7B
Q2 25
$2.0B
Q1 25
$2.0B
$274.8M
Q4 24
$1.1B
$128.0M
Q3 24
$1.0B
Q2 24
$1.1B
Q1 24
$884.8M
Stockholders' Equity
PTCT
PTCT
STOK
STOK
Q4 25
$-205.3M
Q3 25
$-155.8M
Q2 25
$-206.5M
Q1 25
$-185.8M
$350.1M
Q4 24
$-1.1B
$229.0M
Q3 24
$-1.1B
Q2 24
$-980.2M
Q1 24
$-893.9M
Total Assets
PTCT
PTCT
STOK
STOK
Q4 25
$2.9B
Q3 25
$2.6B
Q2 25
$2.6B
Q1 25
$2.7B
$406.9M
Q4 24
$1.7B
$271.6M
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$1.8B

Cash Flow & Capital Efficiency

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

Metric
PTCT
PTCT
STOK
STOK
Operating Cash FlowLast quarter
$-34.3M
$131.8M
Free Cash FlowOCF − Capex
$-36.6M
$131.7M
FCF MarginFCF / Revenue
-22.3%
83.0%
Capex IntensityCapex / Revenue
1.4%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PTCT
PTCT
STOK
STOK
Q4 25
$-34.3M
Q3 25
$-66.3M
Q2 25
$-58.3M
Q1 25
$870.1M
$131.8M
Q4 24
$-30.0M
$-23.2M
Q3 24
$-77.0M
Q2 24
$-71.5M
Q1 24
$70.8M
Free Cash Flow
PTCT
PTCT
STOK
STOK
Q4 25
$-36.6M
Q3 25
$-69.7M
Q2 25
$-59.6M
Q1 25
$868.4M
$131.7M
Q4 24
$-33.8M
$-23.2M
Q3 24
$-77.5M
Q2 24
$-78.8M
Q1 24
$61.2M
FCF Margin
PTCT
PTCT
STOK
STOK
Q4 25
-22.3%
Q3 25
-33.1%
Q2 25
-33.3%
Q1 25
73.8%
83.0%
Q4 24
-15.8%
-102.7%
Q3 24
-39.4%
Q2 24
-42.2%
Q1 24
29.1%
Capex Intensity
PTCT
PTCT
STOK
STOK
Q4 25
1.4%
Q3 25
1.6%
Q2 25
0.7%
Q1 25
0.1%
0.1%
Q4 24
1.8%
0.2%
Q3 24
0.3%
Q2 24
4.0%
Q1 24
4.6%
Cash Conversion
PTCT
PTCT
STOK
STOK
Q4 25
Q3 25
-4.17×
Q2 25
Q1 25
1.00×
1.17×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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