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Side-by-side financial comparison of Valneva SE (VALN) and WESTAMERICA BANCORPORATION (WABC). Click either name above to swap in a different company.

WESTAMERICA BANCORPORATION is the larger business by last-quarter revenue ($63.3M vs $36.2M, roughly 1.7× Valneva SE). WESTAMERICA BANCORPORATION runs the higher net margin — 43.9% vs -54.1%, a 98.0% gap on every dollar of revenue.

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.

Westamerica Bancorporation is a regional bank holding company headquartered in California, U.S. It operates via its wholly owned banking subsidiary to provide full-spectrum retail and commercial banking services, including deposit products, business and consumer loans, wealth management, and payment services, primarily serving individual consumers, SMEs and local institutional clients in northern and central California.

VALN vs WABC — Head-to-Head

Bigger by revenue
WABC
WABC
1.7× larger
WABC
$63.3M
$36.2M
VALN
Higher net margin
WABC
WABC
98.0% more per $
WABC
43.9%
-54.1%
VALN

Income Statement — Q1 FY2023 vs Q4 FY2025

Metric
VALN
VALN
WABC
WABC
Revenue
$36.2M
$63.3M
Net Profit
$-19.6M
$27.8M
Gross Margin
38.9%
Operating Margin
-49.5%
59.8%
Net Margin
-54.1%
43.9%
Revenue YoY
-9.0%
Net Profit YoY
-12.3%
EPS (diluted)
$1.12

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
VALN
VALN
WABC
WABC
Q4 25
$63.3M
Q3 25
$63.7M
Q2 25
$64.6M
Q1 25
$66.4M
Q4 24
$69.6M
Q3 24
$74.1M
Q2 24
$74.3M
Q1 24
$75.8M
Net Profit
VALN
VALN
WABC
WABC
Q4 25
$27.8M
Q3 25
$28.3M
Q2 25
$29.1M
Q1 25
$31.0M
Q4 24
$31.7M
Q3 24
$35.1M
Q2 24
$35.5M
Q1 24
$36.4M
Operating Margin
VALN
VALN
WABC
WABC
Q4 25
59.8%
Q3 25
59.5%
Q2 25
60.5%
Q1 25
63.0%
Q4 24
62.8%
Q3 24
64.5%
Q2 24
64.8%
Q1 24
65.2%
Net Margin
VALN
VALN
WABC
WABC
Q4 25
43.9%
Q3 25
44.3%
Q2 25
45.0%
Q1 25
46.7%
Q4 24
45.6%
Q3 24
47.3%
Q2 24
47.8%
Q1 24
48.0%
EPS (diluted)
VALN
VALN
WABC
WABC
Q4 25
$1.12
Q3 25
$1.12
Q2 25
$1.12
Q1 25
$1.16
Q4 24
$1.19
Q3 24
$1.31
Q2 24
$1.33
Q1 24
$1.37

Balance Sheet & Financial Strength

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

Metric
VALN
VALN
WABC
WABC
Cash + ST InvestmentsLiquidity on hand
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$221.2M
$933.5M
Total Assets
$637.2M
$6.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
VALN
VALN
WABC
WABC
Q4 25
$933.5M
Q3 25
$931.6M
Q2 25
$921.8M
Q1 25
$923.1M
Q4 24
$890.0M
Q3 24
$909.0M
Q2 24
$815.6M
Q1 24
$791.7M
Total Assets
VALN
VALN
WABC
WABC
Q4 25
$6.0B
Q3 25
$5.9B
Q2 25
$5.8B
Q1 25
$6.0B
Q4 24
$6.1B
Q3 24
$6.2B
Q2 24
$6.3B
Q1 24
$6.5B

Cash Flow & Capital Efficiency

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

Metric
VALN
VALN
WABC
WABC
Operating Cash FlowLast quarter
$-26.3M
$121.9M
Free Cash FlowOCF − Capex
$119.7M
FCF MarginFCF / Revenue
189.0%
Capex IntensityCapex / Revenue
3.5%
Cash ConversionOCF / Net Profit
4.38×
TTM Free Cash FlowTrailing 4 quarters
$213.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VALN
VALN
WABC
WABC
Q4 25
$121.9M
Q3 25
$29.4M
Q2 25
$23.5M
Q1 25
$42.4M
Q4 24
$141.6M
Q3 24
$40.6M
Q2 24
$19.0M
Q1 24
$52.2M
Free Cash Flow
VALN
VALN
WABC
WABC
Q4 25
$119.7M
Q3 25
$28.7M
Q2 25
$22.8M
Q1 25
$42.2M
Q4 24
$139.8M
Q3 24
$40.1M
Q2 24
$18.6M
Q1 24
$52.1M
FCF Margin
VALN
VALN
WABC
WABC
Q4 25
189.0%
Q3 25
45.1%
Q2 25
35.3%
Q1 25
63.5%
Q4 24
201.0%
Q3 24
54.1%
Q2 24
25.0%
Q1 24
68.7%
Capex Intensity
VALN
VALN
WABC
WABC
Q4 25
3.5%
Q3 25
1.1%
Q2 25
1.1%
Q1 25
0.3%
Q4 24
2.5%
Q3 24
0.7%
Q2 24
0.6%
Q1 24
0.2%
Cash Conversion
VALN
VALN
WABC
WABC
Q4 25
4.38×
Q3 25
1.04×
Q2 25
0.81×
Q1 25
1.37×
Q4 24
4.47×
Q3 24
1.16×
Q2 24
0.54×
Q1 24
1.43×

Financial Flow Comparison

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

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