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Side-by-side financial comparison of Summit Therapeutics Inc. (SMMT) and Vir Biotechnology, Inc. (VIR). Click either name above to swap in a different company.

Summit Therapeutics Inc. produced more free cash flow last quarter ($-30.4M vs $-167.9M).

Bristol-Myers Squibb Company, doing business as Bristol Myers Squibb, is an American multinational pharmaceutical company headquartered in Princeton, New Jersey. The company's primary products are apixaban (Eliquis) for people with atrial fibrillation ; nivolumab (Opdivo), used to treat certain types of cancer ; lenalidomide (Revlimid), used to treat multiple myeloma, smoldering myeloma, and myelodysplastic syndromes ; abatacept (Orencia), used to treat autoimmune diseases such as rheumatoid ...

Vir Biotechnology, Inc. is a clinical-stage immunology company focused on developing innovative therapies and vaccines to address serious infectious diseases including COVID-19, hepatitis B, HIV, and influenza. It operates primarily in the global biopharmaceutical market, collaborating with leading industry partners to advance its pipeline of targeted immune-based solutions for patient populations worldwide.

SMMT vs VIR — Head-to-Head

Bigger by revenue
VIR
VIR
Infinity× larger
VIR
$240.0K
$0
SMMT
More free cash flow
SMMT
SMMT
$137.5M more FCF
SMMT
$-30.4M
$-167.9M
VIR

Income Statement — Q3 FY2024 vs Q3 FY2025

Metric
SMMT
SMMT
VIR
VIR
Revenue
$0
$240.0K
Net Profit
$-56.3M
$-163.1M
Gross Margin
Operating Margin
-72267.9%
Net Margin
-67975.4%
Revenue YoY
-89.9%
Net Profit YoY
-164.5%
23.7%
EPS (diluted)
$-0.08
$-1.17

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
SMMT
SMMT
VIR
VIR
Q3 25
$240.0K
Q2 25
$1.2M
Q1 25
$3.0M
Q4 24
$12.4M
Q3 24
$0
$2.4M
Q2 24
$3.1M
Q1 24
$56.4M
Q4 23
$16.8M
Net Profit
SMMT
SMMT
VIR
VIR
Q3 25
$-163.1M
Q2 25
$-111.0M
Q1 25
$-121.0M
Q4 24
Q3 24
$-56.3M
$-213.7M
Q2 24
$-138.4M
Q1 24
$-65.3M
Q4 23
Gross Margin
SMMT
SMMT
VIR
VIR
Q3 25
Q2 25
99.1%
Q1 25
Q4 24
Q3 24
97.9%
Q2 24
98.3%
Q1 24
99.9%
Q4 23
95.2%
Operating Margin
SMMT
SMMT
VIR
VIR
Q3 25
-72267.9%
Q2 25
-9754.3%
Q1 25
-4602.5%
Q4 24
Q3 24
-9718.7%
Q2 24
-5158.7%
Q1 24
-142.0%
Q4 23
Net Margin
SMMT
SMMT
VIR
VIR
Q3 25
-67975.4%
Q2 25
-9139.9%
Q1 25
-3989.6%
Q4 24
Q3 24
-8979.7%
Q2 24
-4500.1%
Q1 24
-115.8%
Q4 23
EPS (diluted)
SMMT
SMMT
VIR
VIR
Q3 25
$-1.17
Q2 25
$-0.80
Q1 25
$-0.88
Q4 24
Q3 24
$-0.08
$-1.56
Q2 24
$-1.02
Q1 24
$-0.48
Q4 23

Balance Sheet & Financial Strength

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

Metric
SMMT
SMMT
VIR
VIR
Cash + ST InvestmentsLiquidity on hand
$486.9M
$497.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$437.9M
$796.1M
Total Assets
$502.9M
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SMMT
SMMT
VIR
VIR
Q3 25
$497.8M
Q2 25
$598.7M
Q1 25
$790.9M
Q4 24
$901.0M
Q3 24
$486.9M
$909.0M
Q2 24
$1.1B
Q1 24
$1.1B
Q4 23
$1.5B
Stockholders' Equity
SMMT
SMMT
VIR
VIR
Q3 25
$796.1M
Q2 25
$947.5M
Q1 25
$1.0B
Q4 24
$1.2B
Q3 24
$437.9M
$1.2B
Q2 24
$1.4B
Q1 24
$1.5B
Q4 23
$1.6B
Total Assets
SMMT
SMMT
VIR
VIR
Q3 25
$1.0B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.4B
Q3 24
$502.9M
$1.5B
Q2 24
$1.7B
Q1 24
$1.8B
Q4 23
$1.9B

Cash Flow & Capital Efficiency

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

Metric
SMMT
SMMT
VIR
VIR
Operating Cash FlowLast quarter
$-30.3M
$-167.6M
Free Cash FlowOCF − Capex
$-30.4M
$-167.9M
FCF MarginFCF / Revenue
-69952.9%
Capex IntensityCapex / Revenue
132.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-87.8M
$-824.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SMMT
SMMT
VIR
VIR
Q3 25
$-167.6M
Q2 25
$-120.2M
Q1 25
$-78.1M
Q4 24
$-446.4M
Q3 24
$-30.3M
$-171.5M
Q2 24
$-77.8M
Q1 24
$-109.4M
Q4 23
$-778.8M
Free Cash Flow
SMMT
SMMT
VIR
VIR
Q3 25
$-167.9M
Q2 25
$-122.8M
Q1 25
$-79.7M
Q4 24
$-453.7M
Q3 24
$-30.4M
$-174.2M
Q2 24
$-78.5M
Q1 24
$-111.3M
Q4 23
$-800.4M
FCF Margin
SMMT
SMMT
VIR
VIR
Q3 25
-69952.9%
Q2 25
-10111.8%
Q1 25
-2630.1%
Q4 24
-3666.2%
Q3 24
-7321.3%
Q2 24
-2553.3%
Q1 24
-197.4%
Q4 23
-4767.7%
Capex Intensity
SMMT
SMMT
VIR
VIR
Q3 25
132.1%
Q2 25
209.1%
Q1 25
53.7%
Q4 24
59.0%
Q3 24
116.3%
Q2 24
21.7%
Q1 24
3.3%
Q4 23
128.5%

Financial Flow Comparison

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

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