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Side-by-side financial comparison of SOLENO THERAPEUTICS INC (SLNO) and Stellar Bancorp, Inc. (STEL). Click either name above to swap in a different company.

Stellar Bancorp, Inc. is the larger business by last-quarter revenue ($108.9M vs $66.0M, roughly 1.6× SOLENO THERAPEUTICS INC). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 24.0%, a 15.4% gap on every dollar of revenue. Stellar Bancorp, Inc. produced more free cash flow last quarter ($92.6M vs $43.5M).

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

Stellar Bancorp, Inc. is a United States-based financial holding company that operates via its wholly-owned banking subsidiary. It provides a full suite of retail and commercial banking services, including deposit products, personal and commercial loans, mortgage services, and wealth management solutions, serving individual consumers, small businesses, and regional corporate clients.

SLNO vs STEL — Head-to-Head

Bigger by revenue
STEL
STEL
1.6× larger
STEL
$108.9M
$66.0M
SLNO
Higher net margin
SLNO
SLNO
15.4% more per $
SLNO
39.4%
24.0%
STEL
More free cash flow
STEL
STEL
$49.2M more FCF
STEL
$92.6M
$43.5M
SLNO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SLNO
SLNO
STEL
STEL
Revenue
$66.0M
$108.9M
Net Profit
$26.0M
$26.1M
Gross Margin
98.3%
Operating Margin
33.5%
29.0%
Net Margin
39.4%
24.0%
Revenue YoY
0.8%
Net Profit YoY
134.0%
3.7%
EPS (diluted)
$0.47
$0.52

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
SLNO
SLNO
STEL
STEL
Q4 25
$108.9M
Q3 25
$66.0M
$105.6M
Q2 25
$32.7M
$104.1M
Q1 25
$104.8M
Q4 24
$108.0M
Q3 24
$107.8M
Q2 24
$106.8M
Q1 24
$108.4M
Net Profit
SLNO
SLNO
STEL
STEL
Q4 25
$26.1M
Q3 25
$26.0M
$25.7M
Q2 25
$-4.7M
$26.4M
Q1 25
$24.7M
Q4 24
$25.2M
Q3 24
$33.9M
Q2 24
$29.8M
Q1 24
$26.1M
Gross Margin
SLNO
SLNO
STEL
STEL
Q4 25
Q3 25
98.3%
Q2 25
97.9%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
SLNO
SLNO
STEL
STEL
Q4 25
29.0%
Q3 25
33.5%
30.5%
Q2 25
-20.0%
31.7%
Q1 25
29.6%
Q4 24
29.4%
Q3 24
39.6%
Q2 24
35.1%
Q1 24
30.4%
Net Margin
SLNO
SLNO
STEL
STEL
Q4 25
24.0%
Q3 25
39.4%
24.3%
Q2 25
-14.4%
25.3%
Q1 25
23.6%
Q4 24
23.3%
Q3 24
31.4%
Q2 24
27.9%
Q1 24
24.1%
EPS (diluted)
SLNO
SLNO
STEL
STEL
Q4 25
$0.52
Q3 25
$0.47
$0.50
Q2 25
$-0.09
$0.51
Q1 25
$0.46
Q4 24
$0.47
Q3 24
$0.63
Q2 24
$0.56
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
SLNO
SLNO
STEL
STEL
Cash + ST InvestmentsLiquidity on hand
$498.9M
$419.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$494.8M
$1.7B
Total Assets
$599.9M
$10.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNO
SLNO
STEL
STEL
Q4 25
$419.5M
Q3 25
$498.9M
$728.4M
Q2 25
$286.8M
$578.1M
Q1 25
$560.6M
Q4 24
$911.2M
Q3 24
$516.2M
Q2 24
$490.3M
Q1 24
$399.7M
Stockholders' Equity
SLNO
SLNO
STEL
STEL
Q4 25
$1.7B
Q3 25
$494.8M
$1.7B
Q2 25
$240.1M
$1.6B
Q1 25
$1.6B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.5B
Total Assets
SLNO
SLNO
STEL
STEL
Q4 25
$10.8B
Q3 25
$599.9M
$10.6B
Q2 25
$332.3M
$10.5B
Q1 25
$10.4B
Q4 24
$10.9B
Q3 24
$10.6B
Q2 24
$10.7B
Q1 24
$10.7B

Cash Flow & Capital Efficiency

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

Metric
SLNO
SLNO
STEL
STEL
Operating Cash FlowLast quarter
$43.5M
$97.0M
Free Cash FlowOCF − Capex
$43.5M
$92.6M
FCF MarginFCF / Revenue
65.8%
85.0%
Capex IntensityCapex / Revenue
0.0%
4.0%
Cash ConversionOCF / Net Profit
1.67×
3.71×
TTM Free Cash FlowTrailing 4 quarters
$173.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNO
SLNO
STEL
STEL
Q4 25
$97.0M
Q3 25
$43.5M
$63.6M
Q2 25
$-12.6M
$25.8M
Q1 25
$-5.7M
Q4 24
$132.6M
Q3 24
$59.5M
Q2 24
$38.1M
Q1 24
$31.1M
Free Cash Flow
SLNO
SLNO
STEL
STEL
Q4 25
$92.6M
Q3 25
$43.5M
$62.5M
Q2 25
$-12.6M
$24.5M
Q1 25
$-6.4M
Q4 24
$128.0M
Q3 24
$57.7M
Q2 24
$37.1M
Q1 24
$30.5M
FCF Margin
SLNO
SLNO
STEL
STEL
Q4 25
85.0%
Q3 25
65.8%
59.2%
Q2 25
-38.6%
23.6%
Q1 25
-6.2%
Q4 24
118.5%
Q3 24
53.5%
Q2 24
34.8%
Q1 24
28.2%
Capex Intensity
SLNO
SLNO
STEL
STEL
Q4 25
4.0%
Q3 25
0.0%
1.1%
Q2 25
0.0%
1.2%
Q1 25
0.7%
Q4 24
4.3%
Q3 24
1.7%
Q2 24
0.9%
Q1 24
0.5%
Cash Conversion
SLNO
SLNO
STEL
STEL
Q4 25
3.71×
Q3 25
1.67×
2.48×
Q2 25
0.98×
Q1 25
-0.23×
Q4 24
5.26×
Q3 24
1.76×
Q2 24
1.28×
Q1 24
1.19×

Financial Flow Comparison

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

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