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Side-by-side financial comparison of Spero Therapeutics, Inc. (SPRO) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

Americas Gold & Silver Corp is the larger business by last-quarter revenue ($19.1M vs $12.6M, roughly 1.5× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -82.3%, a 333.0% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs -28.0%).

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

SPRO vs USAS — Head-to-Head

Bigger by revenue
USAS
USAS
1.5× larger
USAS
$19.1M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24108.8% gap
SPRO
24080.8%
-28.0%
USAS
Higher net margin
SPRO
SPRO
333.0% more per $
SPRO
250.7%
-82.3%
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
SPRO
SPRO
USAS
USAS
Revenue
$12.6M
$19.1M
Net Profit
$31.5M
$-15.7M
Gross Margin
34.2%
Operating Margin
Net Margin
250.7%
-82.3%
Revenue YoY
24080.8%
-28.0%
Net Profit YoY
250.9%
2.8%
EPS (diluted)
$0.56

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
SPRO
SPRO
USAS
USAS
Q4 25
$12.6M
Q3 25
$0
$19.1M
Q2 25
$0
Q1 25
$12.0K
Q4 24
$52.0K
Q3 24
$65.0K
$26.5M
Q2 24
$114.0K
Q1 24
$140.0K
Net Profit
SPRO
SPRO
USAS
USAS
Q4 25
$31.5M
Q3 25
$-7.4M
$-15.7M
Q2 25
$-1.7M
Q1 25
$-13.9M
Q4 24
Q3 24
$-17.1M
$-16.2M
Q2 24
$-17.9M
Q1 24
$-12.7M
Gross Margin
SPRO
SPRO
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
SPRO
SPRO
USAS
USAS
Q4 25
Q3 25
Q2 25
Q1 25
-122758.3%
Q4 24
Q3 24
-28604.6%
Q2 24
-16720.2%
Q1 24
-9987.1%
Net Margin
SPRO
SPRO
USAS
USAS
Q4 25
250.7%
Q3 25
-82.3%
Q2 25
Q1 25
-115550.0%
Q4 24
Q3 24
-26380.0%
-60.9%
Q2 24
-15668.4%
Q1 24
-9049.3%
EPS (diluted)
SPRO
SPRO
USAS
USAS
Q4 25
$0.56
Q3 25
$-0.13
Q2 25
$-0.03
Q1 25
$-0.25
Q4 24
Q3 24
$-0.32
Q2 24
$-0.33
Q1 24
$-0.24

Balance Sheet & Financial Strength

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

Metric
SPRO
SPRO
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$40.3M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$59.0M
$50.2M
Total Assets
$68.9M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SPRO
SPRO
USAS
USAS
Q4 25
$40.3M
Q3 25
$48.6M
$39.1M
Q2 25
$31.2M
Q1 25
$48.9M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Stockholders' Equity
SPRO
SPRO
USAS
USAS
Q4 25
$59.0M
Q3 25
$26.5M
$50.2M
Q2 25
$32.8M
Q1 25
$33.8M
Q4 24
$46.1M
Q3 24
$65.5M
$53.1M
Q2 24
$80.5M
Q1 24
$96.2M
Total Assets
SPRO
SPRO
USAS
USAS
Q4 25
$68.9M
Q3 25
$54.2M
$234.7M
Q2 25
$62.1M
Q1 25
$77.7M
Q4 24
$110.5M
Q3 24
$135.2M
Q2 24
$149.9M
Q1 24
$167.7M

Cash Flow & Capital Efficiency

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

Metric
SPRO
SPRO
USAS
USAS
Operating Cash FlowLast quarter
$-8.4M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SPRO
SPRO
USAS
USAS
Q4 25
$-8.4M
Q3 25
$17.4M
$-12.5M
Q2 25
$-17.7M
Q1 25
$-4.0M
Q4 24
$-23.4M
Q3 24
$12.8M
$2.4M
Q2 24
$-18.7M
Q1 24
$5.9M
Free Cash Flow
SPRO
SPRO
USAS
USAS
Q4 25
Q3 25
$-41.3M
Q2 25
Q1 25
Q4 24
Q3 24
$-11.2M
Q2 24
Q1 24
FCF Margin
SPRO
SPRO
USAS
USAS
Q4 25
Q3 25
-216.5%
Q2 25
Q1 25
Q4 24
Q3 24
-42.2%
Q2 24
Q1 24
Capex Intensity
SPRO
SPRO
USAS
USAS
Q4 25
Q3 25
150.8%
Q2 25
Q1 25
Q4 24
Q3 24
51.2%
Q2 24
Q1 24
Cash Conversion
SPRO
SPRO
USAS
USAS
Q4 25
-0.26×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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