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Side-by-side financial comparison of Relay Therapeutics, Inc. (RLAY) and Stabilis Solutions, Inc. (SLNG). Click either name above to swap in a different company.

Stabilis Solutions, Inc. is the larger business by last-quarter revenue ($13.3M vs $7.0M, roughly 1.9× Relay Therapeutics, Inc.). Stabilis Solutions, Inc. produced more free cash flow last quarter ($-2.5M vs $-235.9M).

Relay Therapeutics is a clinical-stage biotechnology company focused on developing precision oncology therapies. It leverages advanced computational modeling of protein dynamics, paired with cutting-edge experimental biology, to design targeted medicines for previously intractable cancer types, serving global oncology care markets and patient populations.

Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.

RLAY vs SLNG — Head-to-Head

Bigger by revenue
SLNG
SLNG
1.9× larger
SLNG
$13.3M
$7.0M
RLAY
More free cash flow
SLNG
SLNG
$233.4M more FCF
SLNG
$-2.5M
$-235.9M
RLAY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
RLAY
RLAY
SLNG
SLNG
Revenue
$7.0M
$13.3M
Net Profit
$-262.0K
Gross Margin
24.7%
Operating Margin
-2.4%
Net Margin
-2.0%
Revenue YoY
-23.3%
Net Profit YoY
-112.4%
EPS (diluted)

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
RLAY
RLAY
SLNG
SLNG
Q4 25
$7.0M
$13.3M
Q3 25
$0
$20.3M
Q2 25
$17.3M
Q1 25
$7.7M
$17.3M
Q4 24
$0
$17.3M
Q3 24
$0
$17.6M
Q2 24
$0
$18.6M
Q1 24
$10.0M
$19.8M
Net Profit
RLAY
RLAY
SLNG
SLNG
Q4 25
$-262.0K
Q3 25
$-74.1M
$1.1M
Q2 25
$-613.0K
Q1 25
$-77.1M
$-1.6M
Q4 24
$2.1M
Q3 24
$-88.1M
$997.0K
Q2 24
$-92.2M
$27.0K
Q1 24
$-81.4M
$1.5M
Gross Margin
RLAY
RLAY
SLNG
SLNG
Q4 25
24.7%
Q3 25
27.6%
Q2 25
26.5%
Q1 25
26.2%
Q4 24
28.5%
Q3 24
28.3%
Q2 24
27.1%
Q1 24
31.6%
Operating Margin
RLAY
RLAY
SLNG
SLNG
Q4 25
-2.4%
Q3 25
5.5%
Q2 25
-2.4%
Q1 25
-1105.2%
-9.7%
Q4 24
12.8%
Q3 24
5.0%
Q2 24
2.4%
Q1 24
-903.0%
7.8%
Net Margin
RLAY
RLAY
SLNG
SLNG
Q4 25
-2.0%
Q3 25
5.5%
Q2 25
-3.5%
Q1 25
-1003.6%
-9.2%
Q4 24
12.2%
Q3 24
5.7%
Q2 24
0.1%
Q1 24
-813.3%
7.4%
EPS (diluted)
RLAY
RLAY
SLNG
SLNG
Q4 25
Q3 25
$-0.43
$0.06
Q2 25
$-0.03
Q1 25
$-0.46
$-0.09
Q4 24
$0.12
Q3 24
$-0.63
$0.05
Q2 24
$-0.69
$0.00
Q1 24
$-0.62
$0.08

Balance Sheet & Financial Strength

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

Metric
RLAY
RLAY
SLNG
SLNG
Cash + ST InvestmentsLiquidity on hand
$84.0M
$7.5M
Total DebtLower is stronger
$7.9M
Stockholders' EquityBook value
$567.1M
$66.7M
Total Assets
$621.3M
$83.1M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RLAY
RLAY
SLNG
SLNG
Q4 25
$84.0M
$7.5M
Q3 25
$91.6M
$10.3M
Q2 25
$12.2M
Q1 25
$93.5M
$9.0M
Q4 24
$124.3M
$9.0M
Q3 24
$152.4M
$12.4M
Q2 24
$134.1M
$11.5M
Q1 24
$152.9M
$8.3M
Total Debt
RLAY
RLAY
SLNG
SLNG
Q4 25
$7.9M
Q3 25
$8.3M
Q2 25
$7.6M
Q1 25
$8.3M
Q4 24
$8.9M
Q3 24
$9.3M
Q2 24
$8.6M
Q1 24
$9.1M
Stockholders' Equity
RLAY
RLAY
SLNG
SLNG
Q4 25
$567.1M
$66.7M
Q3 25
$607.7M
$66.7M
Q2 25
$65.5M
Q1 25
$721.1M
$65.9M
Q4 24
$777.8M
$67.0M
Q3 24
$838.9M
$65.4M
Q2 24
$681.7M
$63.7M
Q1 24
$745.8M
$63.2M
Total Assets
RLAY
RLAY
SLNG
SLNG
Q4 25
$621.3M
$83.1M
Q3 25
$670.0M
$87.1M
Q2 25
$83.2M
Q1 25
$799.4M
$83.1M
Q4 24
$871.3M
$85.6M
Q3 24
$930.1M
$89.3M
Q2 24
$772.5M
$82.6M
Q1 24
$841.4M
$80.6M
Debt / Equity
RLAY
RLAY
SLNG
SLNG
Q4 25
0.12×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.13×
Q4 24
0.13×
Q3 24
0.14×
Q2 24
0.13×
Q1 24
0.14×

Cash Flow & Capital Efficiency

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

Metric
RLAY
RLAY
SLNG
SLNG
Operating Cash FlowLast quarter
$-235.5M
$669.0K
Free Cash FlowOCF − Capex
$-235.9M
$-2.5M
FCF MarginFCF / Revenue
-3370.0%
-18.6%
Capex IntensityCapex / Revenue
5.9%
23.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-622.7M
$462.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RLAY
RLAY
SLNG
SLNG
Q4 25
$-235.5M
$669.0K
Q3 25
$-62.1M
$2.4M
Q2 25
$4.5M
Q1 25
$-73.2M
$1.0M
Q4 24
$-249.1M
$2.2M
Q3 24
$-75.1M
$2.6M
Q2 24
$-65.8M
$5.0M
Q1 24
$-50.3M
$3.9M
Free Cash Flow
RLAY
RLAY
SLNG
SLNG
Q4 25
$-235.9M
$-2.5M
Q3 25
$-62.1M
$-1.5M
Q2 25
$3.9M
Q1 25
$-73.6M
$538.0K
Q4 24
$-251.1M
$-3.4M
Q3 24
$-75.3M
$1.2M
Q2 24
$-65.8M
$3.7M
Q1 24
$-52.1M
$3.1M
FCF Margin
RLAY
RLAY
SLNG
SLNG
Q4 25
-3370.0%
-18.6%
Q3 25
-7.3%
Q2 25
22.4%
Q1 25
-958.4%
3.1%
Q4 24
-19.7%
Q3 24
7.1%
Q2 24
19.7%
Q1 24
-520.7%
15.5%
Capex Intensity
RLAY
RLAY
SLNG
SLNG
Q4 25
5.9%
23.7%
Q3 25
19.1%
Q2 25
3.7%
Q1 25
5.0%
2.8%
Q4 24
32.3%
Q3 24
7.4%
Q2 24
7.4%
Q1 24
17.8%
4.4%
Cash Conversion
RLAY
RLAY
SLNG
SLNG
Q4 25
Q3 25
2.14×
Q2 25
Q1 25
Q4 24
1.03×
Q3 24
2.56×
Q2 24
186.59×
Q1 24
2.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RLAY
RLAY

Segment breakdown not available.

SLNG
SLNG

Natural Gas Gathering Transportation Marketing And Processing$11.1M84%
Other$1.3M10%
Services$897.0K7%

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