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Side-by-side financial comparison of Sunshine Biopharma Inc. (SBFM) and SES AI Corp (SES). Click either name above to swap in a different company.

Sunshine Biopharma Inc. is the larger business by last-quarter revenue ($8.6M vs $4.6M, roughly 1.9× SES AI Corp). Sunshine Biopharma Inc. runs the higher net margin — -25.0% vs -373.5%, a 348.5% gap on every dollar of revenue. Sunshine Biopharma Inc. produced more free cash flow last quarter ($-1.6M vs $-11.1M).

Sunshine Biopharma Inc. is a clinical-stage biopharmaceutical company focused on researching, developing and commercializing innovative therapies for oncology, neurodegenerative disorders and infectious diseases. It targets unmet medical needs across global markets, with a pipeline of targeted therapeutic candidates designed to improve patient treatment outcomes.

SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.

SBFM vs SES — Head-to-Head

Bigger by revenue
SBFM
SBFM
1.9× larger
SBFM
$8.6M
$4.6M
SES
Higher net margin
SBFM
SBFM
348.5% more per $
SBFM
-25.0%
-373.5%
SES
More free cash flow
SBFM
SBFM
$9.5M more FCF
SBFM
$-1.6M
$-11.1M
SES

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SBFM
SBFM
SES
SES
Revenue
$8.6M
$4.6M
Net Profit
$-2.1M
$-17.0M
Gross Margin
35.3%
11.3%
Operating Margin
-20.9%
-387.7%
Net Margin
-25.0%
-373.5%
Revenue YoY
-10.6%
Net Profit YoY
0.8%
50.7%
EPS (diluted)
$-0.05

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
SBFM
SBFM
SES
SES
Q4 25
$8.6M
$4.6M
Q3 25
$9.4M
$7.1M
Q2 25
$9.4M
$3.5M
Q1 25
$8.9M
$5.8M
Q4 24
$9.6M
Q3 24
$8.4M
Q2 24
$9.3M
Q1 24
$7.5M
Net Profit
SBFM
SBFM
SES
SES
Q4 25
$-2.1M
$-17.0M
Q3 25
$-883.8K
$-20.9M
Q2 25
$-1.8M
$-22.7M
Q1 25
$-1.2M
$-12.4M
Q4 24
$-2.2M
Q3 24
$-1.2M
Q2 24
$-494.3K
Q1 24
$-1.3M
Gross Margin
SBFM
SBFM
SES
SES
Q4 25
35.3%
11.3%
Q3 25
32.6%
51.1%
Q2 25
36.4%
73.7%
Q1 25
30.7%
78.7%
Q4 24
32.2%
Q3 24
34.0%
Q2 24
25.3%
Q1 24
31.2%
Operating Margin
SBFM
SBFM
SES
SES
Q4 25
-20.9%
-387.7%
Q3 25
-11.5%
-262.0%
Q2 25
-21.8%
-652.3%
Q1 25
-14.6%
-401.7%
Q4 24
-21.7%
Q3 24
-13.1%
Q2 24
-13.6%
Q1 24
-17.9%
Net Margin
SBFM
SBFM
SES
SES
Q4 25
-25.0%
-373.5%
Q3 25
-9.4%
-293.9%
Q2 25
-18.8%
-642.2%
Q1 25
-13.3%
-214.6%
Q4 24
-22.5%
Q3 24
-14.2%
Q2 24
-5.3%
Q1 24
-17.0%
EPS (diluted)
SBFM
SBFM
SES
SES
Q4 25
$-0.05
Q3 25
$-0.54
$-0.06
Q2 25
$-0.82
$-0.07
Q1 25
$-0.44
$-0.04
Q4 24
$49.77
Q3 24
$-11.61
Q2 24
$-43.48
Q1 24
$-2.00

Balance Sheet & Financial Strength

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

Metric
SBFM
SBFM
SES
SES
Cash + ST InvestmentsLiquidity on hand
$29.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$23.0M
$214.8M
Total Assets
$30.1M
$272.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SBFM
SBFM
SES
SES
Q4 25
$29.5M
Q3 25
$35.3M
Q2 25
$11.8M
Q1 25
$56.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
SBFM
SBFM
SES
SES
Q4 25
$23.0M
$214.8M
Q3 25
$24.2M
$228.2M
Q2 25
$25.7M
$249.2M
Q1 25
$22.7M
$269.9M
Q4 24
$23.5M
Q3 24
$25.0M
Q2 24
$23.5M
Q1 24
$24.8M
Total Assets
SBFM
SBFM
SES
SES
Q4 25
$30.1M
$272.6M
Q3 25
$31.5M
$288.8M
Q2 25
$32.0M
$290.5M
Q1 25
$29.2M
$306.0M
Q4 24
$30.6M
Q3 24
$30.1M
Q2 24
$29.3M
Q1 24
$31.9M

Cash Flow & Capital Efficiency

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

Metric
SBFM
SBFM
SES
SES
Operating Cash FlowLast quarter
$-1.6M
$-10.4M
Free Cash FlowOCF − Capex
$-1.6M
$-11.1M
FCF MarginFCF / Revenue
-18.9%
-243.7%
Capex IntensityCapex / Revenue
0.0%
15.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-5.5M
$-61.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SBFM
SBFM
SES
SES
Q4 25
$-1.6M
$-10.4M
Q3 25
$-727.8K
$-14.3M
Q2 25
$-1.3M
$-10.8M
Q1 25
$-1.7M
$-22.8M
Q4 24
$-3.4M
Q3 24
$-1.4M
Q2 24
$-4.6M
Q1 24
$-3.2M
Free Cash Flow
SBFM
SBFM
SES
SES
Q4 25
$-1.6M
$-11.1M
Q3 25
$-735.8K
$-14.7M
Q2 25
$-1.4M
$-11.6M
Q1 25
$-1.7M
$-23.7M
Q4 24
$-3.5M
Q3 24
$-1.9M
Q2 24
$-5.6M
Q1 24
$-3.2M
FCF Margin
SBFM
SBFM
SES
SES
Q4 25
-18.9%
-243.7%
Q3 25
-7.8%
-206.9%
Q2 25
-15.2%
-329.6%
Q1 25
-19.3%
-410.0%
Q4 24
-36.6%
Q3 24
-22.2%
Q2 24
-59.7%
Q1 24
-43.1%
Capex Intensity
SBFM
SBFM
SES
SES
Q4 25
0.0%
15.6%
Q3 25
0.1%
6.0%
Q2 25
1.7%
22.8%
Q1 25
0.1%
15.8%
Q4 24
1.1%
Q3 24
6.1%
Q2 24
10.5%
Q1 24
0.8%

Financial Flow Comparison

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

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