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Side-by-side financial comparison of Tectonic Financial, Inc. (TECTP) and Valneva SE (VALN). Click either name above to swap in a different company.

Valneva SE is the larger business by last-quarter revenue ($36.2M vs $23.0M, roughly 1.6× Tectonic Financial, Inc.). Tectonic Financial, Inc. runs the higher net margin — 23.8% vs -54.1%, a 77.9% gap on every dollar of revenue.

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.

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

TECTP vs VALN — Head-to-Head

Bigger by revenue
VALN
VALN
1.6× larger
VALN
$36.2M
$23.0M
TECTP
Higher net margin
TECTP
TECTP
77.9% more per $
TECTP
23.8%
-54.1%
VALN

Income Statement — Q3 FY2025 vs Q1 FY2023

Metric
TECTP
TECTP
VALN
VALN
Revenue
$23.0M
$36.2M
Net Profit
$5.5M
$-19.6M
Gross Margin
38.9%
Operating Margin
30.6%
-49.5%
Net Margin
23.8%
-54.1%
Revenue YoY
17.9%
Net Profit YoY
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
TECTP
TECTP
VALN
VALN
Q3 25
$23.0M
Q2 25
$21.6M
Q1 25
$21.8M
Q4 24
$21.4M
Q3 24
$19.5M
Q2 24
$18.6M
Q1 24
$17.6M
Q4 23
$1.7M
Net Profit
TECTP
TECTP
VALN
VALN
Q3 25
$5.5M
Q2 25
$4.3M
Q1 25
$4.5M
Q4 24
$3.0M
Q3 24
$4.7M
Q2 24
$3.1M
Q1 24
$3.1M
Q4 23
$3.3M
Operating Margin
TECTP
TECTP
VALN
VALN
Q3 25
30.6%
Q2 25
25.9%
Q1 25
26.0%
Q4 24
22.1%
Q3 24
29.1%
Q2 24
21.5%
Q1 24
22.2%
Q4 23
Net Margin
TECTP
TECTP
VALN
VALN
Q3 25
23.8%
Q2 25
19.8%
Q1 25
20.4%
Q4 24
14.0%
Q3 24
24.2%
Q2 24
16.9%
Q1 24
17.4%
Q4 23
197.4%
EPS (diluted)
TECTP
TECTP
VALN
VALN
Q3 25
$0.73
Q2 25
$0.55
Q1 25
$0.57
Q4 24
$0.35
Q3 24
$0.58
Q2 24
$0.38
Q1 24
$0.37
Q4 23
$0.40

Balance Sheet & Financial Strength

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

Metric
TECTP
TECTP
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.2M
$221.2M
Total Assets
$1.1B
$637.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
TECTP
TECTP
VALN
VALN
Q3 25
$119.2M
Q2 25
$114.6M
Q1 25
$111.3M
Q4 24
$113.4M
Q3 24
$112.8M
Q2 24
$110.4M
Q1 24
$108.5M
Q4 23
$106.9M
Total Assets
TECTP
TECTP
VALN
VALN
Q3 25
$1.1B
Q2 25
$997.0M
Q1 25
$910.5M
Q4 24
$863.4M
Q3 24
$847.5M
Q2 24
$777.1M
Q1 24
$777.6M
Q4 23
$677.3M

Cash Flow & Capital Efficiency

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

Metric
TECTP
TECTP
VALN
VALN
Operating Cash FlowLast quarter
$-17.3M
$-26.3M
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
TECTP
TECTP
VALN
VALN
Q3 25
$-17.3M
Q2 25
$-32.5M
Q1 25
$-35.6M
Q4 24
$-86.6M
Q3 24
$-22.5M
Q2 24
$-30.7M
Q1 24
$-3.2M
Q4 23
$-16.7M
Free Cash Flow
TECTP
TECTP
VALN
VALN
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
Q4 23
$-16.7M
FCF Margin
TECTP
TECTP
VALN
VALN
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%
Q4 23
-996.2%
Capex Intensity
TECTP
TECTP
VALN
VALN
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%
Q4 23
0.4%
Cash Conversion
TECTP
TECTP
VALN
VALN
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×
Q4 23
-5.04×

Financial Flow Comparison

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

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