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Side-by-side financial comparison of Sempra (SRE) and Vertex Pharmaceuticals (VRTX). Click either name above to swap in a different company.

Sempra is the larger business by last-quarter revenue ($3.3B vs $3.2B, roughly 1.0× Vertex Pharmaceuticals). Vertex Pharmaceuticals runs the higher net margin — 37.3% vs 10.7%, a 26.6% gap on every dollar of revenue. On growth, Vertex Pharmaceuticals posted the faster year-over-year revenue change (9.5% vs 6.9%). Vertex Pharmaceuticals produced more free cash flow last quarter ($348.6M vs $-2.2B). Over the past eight quarters, Vertex Pharmaceuticals's revenue compounded faster (8.9% CAGR vs -5.8%).

Sempra is a North American public utility holding company based in San Diego, California. The company is one of the largest utility holding companies in the United States with nearly 40 million consumers.

Vertex Pharmaceuticals Incorporated is an American biopharmaceutical company based in Boston, Massachusetts. It was one of the first biotech firms to use an explicit strategy of rational drug design rather than combinatorial chemistry. It maintains headquarters in Boston, Massachusetts, and three research facilities, in San Diego, California, and Milton Park, Oxfordshire, England.

SRE vs VRTX — Head-to-Head

Bigger by revenue
SRE
SRE
1.0× larger
SRE
$3.3B
$3.2B
VRTX
Growing faster (revenue YoY)
VRTX
VRTX
+2.6% gap
VRTX
9.5%
6.9%
SRE
Higher net margin
VRTX
VRTX
26.6% more per $
VRTX
37.3%
10.7%
SRE
More free cash flow
VRTX
VRTX
$2.6B more FCF
VRTX
$348.6M
$-2.2B
SRE
Faster 2-yr revenue CAGR
VRTX
VRTX
Annualised
VRTX
8.9%
-5.8%
SRE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SRE
SRE
VRTX
VRTX
Revenue
$3.3B
$3.2B
Net Profit
$352.0M
$1.2B
Gross Margin
85.4%
Operating Margin
7.2%
37.8%
Net Margin
10.7%
37.3%
Revenue YoY
6.9%
9.5%
Net Profit YoY
-47.9%
30.5%
EPS (diluted)
$0.53
$4.64

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
SRE
SRE
VRTX
VRTX
Q4 25
$3.3B
$3.2B
Q3 25
$2.8B
$3.1B
Q2 25
$2.7B
$3.0B
Q1 25
$3.7B
$2.8B
Q4 24
$3.1B
$2.9B
Q3 24
$2.6B
$2.8B
Q2 24
$2.5B
$2.6B
Q1 24
$3.7B
$2.7B
Net Profit
SRE
SRE
VRTX
VRTX
Q4 25
$352.0M
$1.2B
Q3 25
$95.0M
$1.1B
Q2 25
$473.0M
$1.0B
Q1 25
$917.0M
$646.3M
Q4 24
$676.0M
$913.0M
Q3 24
$649.0M
$1.0B
Q2 24
$725.0M
$-3.6B
Q1 24
$812.0M
$1.1B
Gross Margin
SRE
SRE
VRTX
VRTX
Q4 25
85.4%
Q3 25
86.5%
Q2 25
86.3%
Q1 25
86.9%
Q4 24
85.5%
Q3 24
85.8%
Q2 24
85.9%
Q1 24
87.3%
Operating Margin
SRE
SRE
VRTX
VRTX
Q4 25
7.2%
37.8%
Q3 25
10.6%
38.6%
Q2 25
17.3%
38.8%
Q1 25
21.5%
22.7%
Q4 24
35.0%
35.2%
Q3 24
12.9%
40.3%
Q2 24
18.8%
-132.9%
Q1 24
22.7%
42.4%
Net Margin
SRE
SRE
VRTX
VRTX
Q4 25
10.7%
37.3%
Q3 25
3.4%
35.2%
Q2 25
17.5%
34.8%
Q1 25
24.9%
23.3%
Q4 24
22.0%
31.4%
Q3 24
25.3%
37.7%
Q2 24
29.2%
-135.8%
Q1 24
22.0%
40.9%
EPS (diluted)
SRE
SRE
VRTX
VRTX
Q4 25
$0.53
$4.64
Q3 25
$0.12
$4.20
Q2 25
$0.71
$3.99
Q1 25
$1.39
$2.49
Q4 24
$1.04
$3.62
Q3 24
$1.00
$4.01
Q2 24
$1.12
$-13.92
Q1 24
$1.26
$4.21

Balance Sheet & Financial Strength

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

Metric
SRE
SRE
VRTX
VRTX
Cash + ST InvestmentsLiquidity on hand
$29.0M
$6.6B
Total DebtLower is stronger
$29.0B
Stockholders' EquityBook value
$31.6B
$18.7B
Total Assets
$110.9B
$25.6B
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRE
SRE
VRTX
VRTX
Q4 25
$29.0M
$6.6B
Q3 25
$5.0M
$6.3B
Q2 25
$155.0M
$6.4B
Q1 25
$1.7B
$6.2B
Q4 24
$1.6B
$6.1B
Q3 24
$560.0M
$6.5B
Q2 24
$228.0M
$5.8B
Q1 24
$606.0M
$10.2B
Total Debt
SRE
SRE
VRTX
VRTX
Q4 25
$29.0B
Q3 25
$29.0B
Q2 25
$34.9B
Q1 25
$33.3B
Q4 24
$31.6B
Q3 24
$31.0B
Q2 24
$29.0B
Q1 24
$29.5B
Stockholders' Equity
SRE
SRE
VRTX
VRTX
Q4 25
$31.6B
$18.7B
Q3 25
$31.2B
$17.3B
Q2 25
$31.7B
$17.2B
Q1 25
$31.6B
$16.5B
Q4 24
$31.2B
$16.4B
Q3 24
$29.7B
$15.6B
Q2 24
$29.5B
$14.8B
Q1 24
$29.1B
$18.5B
Total Assets
SRE
SRE
VRTX
VRTX
Q4 25
$110.9B
$25.6B
Q3 25
$106.9B
$24.9B
Q2 25
$99.9B
$24.0B
Q1 25
$99.0B
$22.9B
Q4 24
$96.2B
$22.5B
Q3 24
$93.7B
$22.2B
Q2 24
$90.5B
$20.1B
Q1 24
$89.6B
$23.9B
Debt / Equity
SRE
SRE
VRTX
VRTX
Q4 25
0.92×
Q3 25
0.93×
Q2 25
1.10×
Q1 25
1.05×
Q4 24
1.01×
Q3 24
1.04×
Q2 24
0.98×
Q1 24
1.01×

Cash Flow & Capital Efficiency

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

Metric
SRE
SRE
VRTX
VRTX
Operating Cash FlowLast quarter
$1.2B
$498.0M
Free Cash FlowOCF − Capex
$-2.2B
$348.6M
FCF MarginFCF / Revenue
-67.7%
10.9%
Capex IntensityCapex / Revenue
104.0%
4.7%
Cash ConversionOCF / Net Profit
3.38×
0.42×
TTM Free Cash FlowTrailing 4 quarters
$-6.0B
$3.2B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SRE
SRE
VRTX
VRTX
Q4 25
$1.2B
$498.0M
Q3 25
$1.1B
$1.2B
Q2 25
$784.0M
$1.1B
Q1 25
$1.5B
$818.9M
Q4 24
$1.4B
$584.6M
Q3 24
$1.0B
$1.4B
Q2 24
$669.0M
$-3.8B
Q1 24
$1.9B
$1.3B
Free Cash Flow
SRE
SRE
VRTX
VRTX
Q4 25
$-2.2B
$348.6M
Q3 25
$-1.5B
$1.1B
Q2 25
$-1.5B
$927.4M
Q1 25
$-854.0M
$778.2M
Q4 24
$-1.1B
$492.0M
Q3 24
$-913.0M
$1.3B
Q2 24
$-1.2B
$-3.8B
Q1 24
$-82.0M
$1.2B
FCF Margin
SRE
SRE
VRTX
VRTX
Q4 25
-67.7%
10.9%
Q3 25
-52.6%
37.0%
Q2 25
-56.3%
31.3%
Q1 25
-23.2%
28.1%
Q4 24
-35.4%
16.9%
Q3 24
-35.5%
47.0%
Q2 24
-49.4%
-144.5%
Q1 24
-2.2%
46.0%
Capex Intensity
SRE
SRE
VRTX
VRTX
Q4 25
104.0%
4.7%
Q3 25
92.9%
3.3%
Q2 25
85.3%
4.9%
Q1 25
63.5%
1.5%
Q4 24
79.9%
3.2%
Q3 24
75.3%
2.4%
Q2 24
76.4%
2.6%
Q1 24
52.3%
2.5%
Cash Conversion
SRE
SRE
VRTX
VRTX
Q4 25
3.38×
0.42×
Q3 25
11.68×
1.15×
Q2 25
1.66×
1.04×
Q1 25
1.62×
1.27×
Q4 24
2.02×
0.64×
Q3 24
1.57×
1.31×
Q2 24
0.92×
Q1 24
2.28×
1.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SRE
SRE

Segment breakdown not available.

VRTX
VRTX

TRIKAFTAKAFTRIO$2.6B81%
ALYFTREK$380.1M12%
Manufactured Product Other$237.4M7%

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