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Side-by-side financial comparison of SUTRO BIOPHARMA, INC. (STRO) and Tectonic Financial, Inc. (TECTP). Click either name above to swap in a different company.

Tectonic Financial, Inc. is the larger business by last-quarter revenue ($23.0M vs $11.6M, roughly 2.0× SUTRO BIOPHARMA, INC.). On growth, Tectonic Financial, Inc. posted the faster year-over-year revenue change (17.9% vs -21.4%). Over the past eight quarters, Tectonic Financial, Inc.'s revenue compounded faster (270.5% CAGR vs -5.4%).

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

Tectonic Financial, Inc. is a US-based diversified financial services provider. It offers core services including wealth management, investment banking, capital markets advisory, and tailored financial solutions. Its key client segments cover high-net-worth individuals, institutional investors, and small to mid-sized enterprises across North America.

STRO vs TECTP — Head-to-Head

Bigger by revenue
TECTP
TECTP
2.0× larger
TECTP
$23.0M
$11.6M
STRO
Growing faster (revenue YoY)
TECTP
TECTP
+39.2% gap
TECTP
17.9%
-21.4%
STRO
Faster 2-yr revenue CAGR
TECTP
TECTP
Annualised
TECTP
270.5%
-5.4%
STRO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
STRO
STRO
TECTP
TECTP
Revenue
$11.6M
$23.0M
Net Profit
$5.5M
Gross Margin
Operating Margin
30.6%
Net Margin
23.8%
Revenue YoY
-21.4%
17.9%
Net Profit YoY
35.4%
15.9%
EPS (diluted)
$0.73

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
STRO
STRO
TECTP
TECTP
Q4 25
$11.6M
Q3 25
$9.7M
$23.0M
Q2 25
$63.7M
$21.6M
Q1 25
$17.4M
$21.8M
Q4 24
$14.8M
$21.4M
Q3 24
$8.5M
$19.5M
Q2 24
$25.7M
$18.6M
Q1 24
$13.0M
$17.6M
Net Profit
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
$-56.9M
$5.5M
Q2 25
$-11.5M
$4.3M
Q1 25
$-76.0M
$4.5M
Q4 24
$-72.4M
$3.0M
Q3 24
$-48.8M
$4.7M
Q2 24
$-48.0M
$3.1M
Q1 24
$-58.2M
$3.1M
Operating Margin
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
-499.9%
30.6%
Q2 25
-5.2%
25.9%
Q1 25
-393.8%
26.0%
Q4 24
-440.7%
22.1%
Q3 24
-797.2%
29.1%
Q2 24
-189.4%
21.5%
Q1 24
-435.0%
22.2%
Net Margin
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
-586.6%
23.8%
Q2 25
-18.0%
19.8%
Q1 25
-436.6%
20.4%
Q4 24
-489.2%
14.0%
Q3 24
-572.6%
24.2%
Q2 24
-186.8%
16.9%
Q1 24
-447.5%
17.4%
EPS (diluted)
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
$-0.67
$0.73
Q2 25
$-0.14
$0.55
Q1 25
$-0.91
$0.57
Q4 24
$-27.63
$0.35
Q3 24
$-0.59
$0.58
Q2 24
$-0.59
$0.38
Q1 24
$-0.59
$0.37

Balance Sheet & Financial Strength

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

Metric
STRO
STRO
TECTP
TECTP
Cash + ST InvestmentsLiquidity on hand
$141.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-132.5M
$119.2M
Total Assets
$173.8M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRO
STRO
TECTP
TECTP
Q4 25
$141.4M
Q3 25
$167.6M
Q2 25
$205.1M
Q1 25
$249.0M
Q4 24
$316.9M
Q3 24
$388.3M
Q2 24
$375.6M
Q1 24
$267.6M
Stockholders' Equity
STRO
STRO
TECTP
TECTP
Q4 25
$-132.5M
Q3 25
$-87.3M
$119.2M
Q2 25
$-32.1M
$114.6M
Q1 25
$-25.8M
$111.3M
Q4 24
$44.6M
$113.4M
Q3 24
$111.2M
$112.8M
Q2 24
$152.2M
$110.4M
Q1 24
$98.0M
$108.5M
Total Assets
STRO
STRO
TECTP
TECTP
Q4 25
$173.8M
Q3 25
$209.7M
$1.1B
Q2 25
$262.4M
$997.0M
Q1 25
$321.4M
$910.5M
Q4 24
$387.2M
$863.4M
Q3 24
$451.8M
$847.5M
Q2 24
$489.0M
$777.1M
Q1 24
$403.4M
$777.6M

Cash Flow & Capital Efficiency

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

Metric
STRO
STRO
TECTP
TECTP
Operating Cash FlowLast quarter
$-177.2M
$-17.3M
Free Cash FlowOCF − Capex
$-17.3M
FCF MarginFCF / Revenue
-74.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-3.14×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRO
STRO
TECTP
TECTP
Q4 25
$-177.2M
Q3 25
$-38.2M
$-17.3M
Q2 25
$-44.7M
$-32.5M
Q1 25
$-67.9M
$-35.6M
Q4 24
$-71.7M
$-86.6M
Q3 24
$-64.5M
$-22.5M
Q2 24
$9.5M
$-30.7M
Q1 24
$-64.7M
$-3.2M
Free Cash Flow
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
$-17.3M
Q2 25
Q1 25
$-35.6M
Q4 24
$-86.8M
Q3 24
$-22.5M
Q2 24
$-30.7M
Q1 24
$-3.3M
FCF Margin
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
-74.9%
Q2 25
Q1 25
-163.2%
Q4 24
-406.5%
Q3 24
-115.0%
Q2 24
-165.5%
Q1 24
-18.8%
Capex Intensity
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
1.0%
Q3 24
0.1%
Q2 24
0.3%
Q1 24
0.9%
Cash Conversion
STRO
STRO
TECTP
TECTP
Q4 25
Q3 25
-3.14×
Q2 25
-7.61×
Q1 25
-8.00×
Q4 24
-28.99×
Q3 24
-4.74×
Q2 24
-9.76×
Q1 24
-1.03×

Financial Flow Comparison

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

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