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Side-by-side financial comparison of Instil Bio, Inc. (TIL) and United Maritime Corp (USEA). Click either name above to swap in a different company.

Instil Bio, Inc. is the larger business by last-quarter revenue ($2.2M vs $1.8M, roughly 1.2× United Maritime Corp). United Maritime Corp runs the higher net margin — 59.6% vs -365.3%, a 424.9% gap on every dollar of revenue.

Instil Bio Inc. is a clinical-stage biotechnology company focused on developing innovative tumor-infiltrating lymphocyte (TIL) therapies for patients with difficult-to-treat advanced solid tumors. It operates in the immuno-oncology segment, serving patient populations that show limited response to existing standard cancer treatment options.

Navios Maritime Holdings Inc. is a multinational, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain.

TIL vs USEA — Head-to-Head

Bigger by revenue
TIL
TIL
1.2× larger
TIL
$2.2M
$1.8M
USEA
Higher net margin
USEA
USEA
424.9% more per $
USEA
59.6%
-365.3%
TIL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
TIL
TIL
USEA
USEA
Revenue
$2.2M
$1.8M
Net Profit
$-8.2M
$1.1M
Gross Margin
Operating Margin
-426.3%
Net Margin
-365.3%
59.6%
Revenue YoY
-19.2%
Net Profit YoY
31.1%
EPS (diluted)
$-1.13
$0.13

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
TIL
TIL
USEA
USEA
Q4 25
$2.2M
Q3 25
$2.2M
$1.8M
Q2 25
$2.2M
Q1 25
$2.2M
Q4 24
$2.8M
Q3 24
$1.5M
Q2 24
$0
Q1 24
$0
Net Profit
TIL
TIL
USEA
USEA
Q4 25
$-8.2M
Q3 25
$-13.6M
$1.1M
Q2 25
$-21.4M
Q1 25
$-28.2M
Q4 24
$-11.9M
Q3 24
$-23.0M
Q2 24
$-14.9M
Q1 24
$-24.3M
Operating Margin
TIL
TIL
USEA
USEA
Q4 25
-426.3%
Q3 25
-670.0%
Q2 25
-1045.5%
Q1 25
-1363.2%
Q4 24
-426.1%
Q3 24
-1582.8%
Q2 24
Q1 24
Net Margin
TIL
TIL
USEA
USEA
Q4 25
-365.3%
Q3 25
-606.0%
59.6%
Q2 25
-954.2%
Q1 25
-1257.8%
Q4 24
-428.8%
Q3 24
-1541.9%
Q2 24
Q1 24
EPS (diluted)
TIL
TIL
USEA
USEA
Q4 25
$-1.13
Q3 25
$-2.01
$0.13
Q2 25
$-3.24
Q1 25
$-4.32
Q4 24
$-1.82
Q3 24
$-3.54
Q2 24
$-2.29
Q1 24
$-3.74

Balance Sheet & Financial Strength

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

Metric
TIL
TIL
USEA
USEA
Cash + ST InvestmentsLiquidity on hand
$6.6M
$19.7M
Total DebtLower is stronger
$49.5M
Stockholders' EquityBook value
$113.9M
$57.5M
Total Assets
$203.5M
$144.2M
Debt / EquityLower = less leverage
0.86×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TIL
TIL
USEA
USEA
Q4 25
$6.6M
Q3 25
$5.8M
$19.7M
Q2 25
$7.7M
Q1 25
$15.4M
Q4 24
$8.8M
Q3 24
$6.7M
Q2 24
$6.8M
Q1 24
$5.5M
Total Debt
TIL
TIL
USEA
USEA
Q4 25
Q3 25
$49.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
TIL
TIL
USEA
USEA
Q4 25
$113.9M
Q3 25
$120.4M
$57.5M
Q2 25
$131.7M
Q1 25
$144.9M
Q4 24
$169.4M
Q3 24
$176.3M
Q2 24
$195.0M
Q1 24
$205.8M
Total Assets
TIL
TIL
USEA
USEA
Q4 25
$203.5M
Q3 25
$211.8M
$144.2M
Q2 25
$231.0M
Q1 25
$237.4M
Q4 24
$263.6M
Q3 24
$272.6M
Q2 24
$294.3M
Q1 24
$306.3M
Debt / Equity
TIL
TIL
USEA
USEA
Q4 25
Q3 25
0.86×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
TIL
TIL
USEA
USEA
Operating Cash FlowLast quarter
$-7.1M
$-444.0K
Free Cash FlowOCF − Capex
$-477.0K
FCF MarginFCF / Revenue
-26.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
-0.41×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TIL
TIL
USEA
USEA
Q4 25
$-7.1M
Q3 25
$-10.6M
$-444.0K
Q2 25
$-14.8M
Q1 25
$-4.2M
Q4 24
$-10.6M
Q3 24
$-20.1M
Q2 24
$-10.6M
Q1 24
$-14.4M
Free Cash Flow
TIL
TIL
USEA
USEA
Q4 25
Q3 25
$-477.0K
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
TIL
TIL
USEA
USEA
Q4 25
Q3 25
-26.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
TIL
TIL
USEA
USEA
Q4 25
Q3 25
1.8%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
TIL
TIL
USEA
USEA
Q4 25
Q3 25
-0.41×
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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