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Side-by-side financial comparison of Scilex Holding Co (SCLX) and STRATUS PROPERTIES INC (STRS). Click either name above to swap in a different company.

STRATUS PROPERTIES INC is the larger business by last-quarter revenue ($8.3M vs $4.8M, roughly 1.7× Scilex Holding Co). STRATUS PROPERTIES INC runs the higher net margin — 203.2% vs -961.9%, a 1165.2% gap on every dollar of revenue. On growth, STRATUS PROPERTIES INC posted the faster year-over-year revenue change (-19.4% vs -67.8%). Over the past eight quarters, Scilex Holding Co's revenue compounded faster (-33.6% CAGR vs -44.1%).

Scilex Holding Co is a commercial-stage biopharmaceutical firm focused on developing and commercializing innovative non-opioid pain management therapies for acute and chronic pain segments. It primarily serves the US market, offering prescription and over-the-counter pain relief solutions for patients and healthcare providers.

Ryman Hospitality Properties, Inc. is a hotel, resort, entertainment, and media company named for one of its assets: the Ryman Auditorium, a National Historic Landmark in Nashville, Tennessee. The company's legal lineage can be traced back to its time as a subsidiary of Edward Gaylord's Oklahoma Publishing Company; however, the backbone of the modern entity was formed with the company's acquisition of WSM, Inc. in 1983. This purchase resulted in the ownership of the Grand Ole Opry and associa...

SCLX vs STRS — Head-to-Head

Bigger by revenue
STRS
STRS
1.7× larger
STRS
$8.3M
$4.8M
SCLX
Growing faster (revenue YoY)
STRS
STRS
+48.4% gap
STRS
-19.4%
-67.8%
SCLX
Higher net margin
STRS
STRS
1165.2% more per $
STRS
203.2%
-961.9%
SCLX
Faster 2-yr revenue CAGR
SCLX
SCLX
Annualised
SCLX
-33.6%
-44.1%
STRS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SCLX
SCLX
STRS
STRS
Revenue
$4.8M
$8.3M
Net Profit
$-46.1M
$16.9M
Gross Margin
45.5%
Operating Margin
-2317.8%
Net Margin
-961.9%
203.2%
Revenue YoY
-67.8%
-19.4%
Net Profit YoY
-613.7%
1293.4%
EPS (diluted)
$-4.63
$2.42

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
SCLX
SCLX
STRS
STRS
Q4 25
$4.8M
$8.3M
Q3 25
$10.6M
$5.0M
Q2 25
$9.9M
$11.6M
Q1 25
$5.0M
$5.0M
Q4 24
$14.9M
$10.3M
Q3 24
$14.4M
$8.9M
Q2 24
$16.4M
$8.5M
Q1 24
$10.9M
$26.5M
Net Profit
SCLX
SCLX
STRS
STRS
Q4 25
$-46.1M
$16.9M
Q3 25
$-257.8M
$-8.0M
Q2 25
$-44.0M
$-2.3M
Q1 25
$-26.1M
$-3.8M
Q4 24
$-6.5M
$-1.4M
Q3 24
$-4.4M
$-1.4M
Q2 24
$-37.6M
$-2.8M
Q1 24
$-24.4M
$3.7M
Gross Margin
SCLX
SCLX
STRS
STRS
Q4 25
45.5%
Q3 25
68.5%
-85.1%
Q2 25
66.9%
-19.0%
Q1 25
72.3%
5.1%
Q4 24
68.5%
18.3%
Q3 24
73.9%
2.5%
Q2 24
73.2%
10.9%
Q1 24
64.7%
30.7%
Operating Margin
SCLX
SCLX
STRS
STRS
Q4 25
-2317.8%
Q3 25
-1766.2%
-162.9%
Q2 25
-207.2%
-6.5%
Q1 25
-557.5%
-71.3%
Q4 24
-190.5%
-13.6%
Q3 24
-138.0%
-17.1%
Q2 24
-95.4%
-34.4%
Q1 24
-179.0%
13.9%
Net Margin
SCLX
SCLX
STRS
STRS
Q4 25
-961.9%
203.2%
Q3 25
-2441.5%
-161.1%
Q2 25
-445.1%
-19.8%
Q1 25
-521.2%
-74.5%
Q4 24
-43.4%
-13.7%
Q3 24
-30.4%
-15.9%
Q2 24
-229.6%
-32.7%
Q1 24
-224.0%
13.9%
EPS (diluted)
SCLX
SCLX
STRS
STRS
Q4 25
$-4.63
$2.42
Q3 25
$-22.17
$-0.62
Q2 25
$-7.42
$0.03
Q1 25
$-2.26
$-0.36
Q4 24
$8.53
$-0.06
Q3 24
$-0.58
$-0.05
Q2 24
$-7.67
$-0.21
Q1 24
$-8.33
$0.56

Balance Sheet & Financial Strength

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

Metric
SCLX
SCLX
STRS
STRS
Cash + ST InvestmentsLiquidity on hand
$5.0M
$74.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-207.8M
$204.5M
Total Assets
$365.0M
$563.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SCLX
SCLX
STRS
STRS
Q4 25
$5.0M
$74.3M
Q3 25
$878.0K
$55.0M
Q2 25
$4.1M
$59.4M
Q1 25
$5.8M
$12.0M
Q4 24
$3.3M
$20.2M
Q3 24
$77.0K
$19.6M
Q2 24
$6.9M
$13.5M
Q1 24
$1.8M
$20.7M
Stockholders' Equity
SCLX
SCLX
STRS
STRS
Q4 25
$-207.8M
$204.5M
Q3 25
$-176.9M
$185.8M
Q2 25
$-249.0M
$191.9M
Q1 25
$-211.5M
$191.5M
Q4 24
$-192.6M
$194.7M
Q3 24
$-211.3M
$196.4M
Q2 24
$-214.7M
$196.3M
Q1 24
$-189.8M
$197.6M
Total Assets
SCLX
SCLX
STRS
STRS
Q4 25
$365.0M
$563.4M
Q3 25
$275.9M
$572.6M
Q2 25
$83.8M
$574.8M
Q1 25
$79.0M
$534.6M
Q4 24
$93.0M
$532.6M
Q3 24
$100.4M
$523.2M
Q2 24
$104.5M
$514.0M
Q1 24
$91.2M
$509.5M

Cash Flow & Capital Efficiency

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

Metric
SCLX
SCLX
STRS
STRS
Operating Cash FlowLast quarter
$-17.5M
$-29.9M
Free Cash FlowOCF − Capex
$-38.0M
FCF MarginFCF / Revenue
-458.5%
Capex IntensityCapex / Revenue
98.2%
Cash ConversionOCF / Net Profit
-1.77×
TTM Free Cash FlowTrailing 4 quarters
$-70.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SCLX
SCLX
STRS
STRS
Q4 25
$-17.5M
$-29.9M
Q3 25
$8.2M
$-9.0M
Q2 25
$7.0M
$-1.7M
Q1 25
$6.0M
$-13.5M
Q4 24
$2.5M
$-5.8M
Q3 24
$5.1M
$-686.0K
Q2 24
$2.3M
$-8.3M
Q1 24
$9.4M
$6.5M
Free Cash Flow
SCLX
SCLX
STRS
STRS
Q4 25
$-38.0M
Q3 25
$-9.9M
Q2 25
$-4.3M
Q1 25
$-18.0M
Q4 24
$-35.0M
Q3 24
$-7.5M
Q2 24
$-16.3M
Q1 24
$-1.6M
FCF Margin
SCLX
SCLX
STRS
STRS
Q4 25
-458.5%
Q3 25
-198.7%
Q2 25
-37.2%
Q1 25
-357.4%
Q4 24
-339.7%
Q3 24
-84.4%
Q2 24
-191.6%
Q1 24
-6.0%
Capex Intensity
SCLX
SCLX
STRS
STRS
Q4 25
98.2%
Q3 25
18.4%
Q2 25
22.7%
Q1 25
89.8%
Q4 24
283.0%
Q3 24
0.0%
76.7%
Q2 24
94.2%
Q1 24
30.7%
Cash Conversion
SCLX
SCLX
STRS
STRS
Q4 25
-1.77×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.77×

Financial Flow Comparison

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

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