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Side-by-side financial comparison of Vericel Corp (VCEL) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $92.9M, roughly 1.2× Vericel Corp). Vericel Corp runs the higher net margin — 25.0% vs -0.7%, a 25.8% gap on every dollar of revenue. On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs 0.6%). Vericel Corp produced more free cash flow last quarter ($12.8M vs $7.6M). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs -4.4%).

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

VCEL vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.2× larger
ZIP
$111.7M
$92.9M
VCEL
Growing faster (revenue YoY)
VCEL
VCEL
+22.7% gap
VCEL
23.3%
0.6%
ZIP
Higher net margin
VCEL
VCEL
25.8% more per $
VCEL
25.0%
-0.7%
ZIP
More free cash flow
VCEL
VCEL
$5.2M more FCF
VCEL
$12.8M
$7.6M
ZIP
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
VCEL
VCEL
ZIP
ZIP
Revenue
$92.9M
$111.7M
Net Profit
$23.2M
$-835.0K
Gross Margin
78.7%
89.1%
Operating Margin
24.1%
3.6%
Net Margin
25.0%
-0.7%
Revenue YoY
23.3%
0.6%
Net Profit YoY
17.3%
92.3%
EPS (diluted)
$0.46
$-0.03

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
VCEL
VCEL
ZIP
ZIP
Q4 25
$92.9M
$111.7M
Q3 25
$67.5M
$115.0M
Q2 25
$63.2M
$112.2M
Q1 25
$52.6M
$110.1M
Q4 24
$75.4M
$111.0M
Q3 24
$57.9M
$117.1M
Q2 24
$52.7M
$123.7M
Q1 24
$51.3M
$122.2M
Net Profit
VCEL
VCEL
ZIP
ZIP
Q4 25
$23.2M
$-835.0K
Q3 25
$5.1M
$-9.8M
Q2 25
$-553.0K
$-9.5M
Q1 25
$-11.2M
$-12.8M
Q4 24
$19.8M
$-10.8M
Q3 24
$-901.0K
$-2.6M
Q2 24
$-4.7M
$7.0M
Q1 24
$-3.9M
$-6.5M
Gross Margin
VCEL
VCEL
ZIP
ZIP
Q4 25
78.7%
89.1%
Q3 25
73.5%
89.1%
Q2 25
73.7%
89.3%
Q1 25
69.0%
89.4%
Q4 24
77.6%
89.6%
Q3 24
71.9%
89.4%
Q2 24
69.5%
89.5%
Q1 24
68.9%
89.1%
Operating Margin
VCEL
VCEL
ZIP
ZIP
Q4 25
24.1%
3.6%
Q3 25
5.1%
-4.4%
Q2 25
-3.2%
-5.9%
Q1 25
-24.3%
-10.6%
Q4 24
24.5%
-3.6%
Q3 24
-4.3%
-2.8%
Q2 24
-11.5%
7.6%
Q1 24
-10.7%
-0.7%
Net Margin
VCEL
VCEL
ZIP
ZIP
Q4 25
25.0%
-0.7%
Q3 25
7.5%
-8.5%
Q2 25
-0.9%
-8.5%
Q1 25
-21.4%
-11.7%
Q4 24
26.3%
-9.7%
Q3 24
-1.6%
-2.2%
Q2 24
-8.9%
5.7%
Q1 24
-7.5%
-5.3%
EPS (diluted)
VCEL
VCEL
ZIP
ZIP
Q4 25
$0.46
$-0.03
Q3 25
$0.10
$-0.11
Q2 25
$-0.01
$-0.10
Q1 25
$-0.23
$-0.13
Q4 24
$0.40
$-0.10
Q3 24
$-0.02
$-0.03
Q2 24
$-0.10
$0.07
Q1 24
$-0.08
$-0.07

Balance Sheet & Financial Strength

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

Metric
VCEL
VCEL
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$137.5M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.6M
$-77.2M
Total Assets
$488.0M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VCEL
VCEL
ZIP
ZIP
Q4 25
$137.5M
$188.0M
Q3 25
$135.4M
$211.8M
Q2 25
$116.9M
$203.5M
Q1 25
$112.9M
$221.1M
Q4 24
$116.2M
$218.4M
Q3 24
$101.7M
$225.6M
Q2 24
$102.5M
$271.7M
Q1 24
$110.6M
$282.5M
Stockholders' Equity
VCEL
VCEL
ZIP
ZIP
Q4 25
$354.6M
$-77.2M
Q3 25
$321.9M
$-76.1M
Q2 25
$306.8M
$-65.9M
Q1 25
$295.5M
$-11.3M
Q4 24
$292.0M
$13.4M
Q3 24
$257.5M
$13.6M
Q2 24
$243.0M
$24.4M
Q1 24
$233.9M
$12.7M
Total Assets
VCEL
VCEL
ZIP
ZIP
Q4 25
$488.0M
$569.7M
Q3 25
$453.3M
$573.6M
Q2 25
$435.6M
$592.4M
Q1 25
$424.6M
$629.4M
Q4 24
$432.7M
$664.1M
Q3 24
$390.4M
$652.0M
Q2 24
$376.8M
$665.3M
Q1 24
$356.7M
$662.4M

Cash Flow & Capital Efficiency

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

Metric
VCEL
VCEL
ZIP
ZIP
Operating Cash FlowLast quarter
$15.0M
$7.7M
Free Cash FlowOCF − Capex
$12.8M
$7.6M
FCF MarginFCF / Revenue
13.8%
6.8%
Capex IntensityCapex / Revenue
2.4%
0.1%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VCEL
VCEL
ZIP
ZIP
Q4 25
$15.0M
$7.7M
Q3 25
$22.1M
$2.6M
Q2 25
$8.2M
$10.5M
Q1 25
$6.6M
$-9.9M
Q4 24
$22.2M
$12.5M
Q3 24
$10.2M
$9.3M
Q2 24
$18.5M
$21.9M
Q1 24
$7.2M
$2.0M
Free Cash Flow
VCEL
VCEL
ZIP
ZIP
Q4 25
$12.8M
$7.6M
Q3 25
$19.5M
$2.2M
Q2 25
$81.0K
$10.2M
Q1 25
$-7.6M
$-10.2M
Q4 24
$8.5M
$12.0M
Q3 24
$-9.2M
$9.2M
Q2 24
$1.8M
$21.7M
Q1 24
$-6.8M
$1.9M
FCF Margin
VCEL
VCEL
ZIP
ZIP
Q4 25
13.8%
6.8%
Q3 25
28.8%
1.9%
Q2 25
0.1%
9.1%
Q1 25
-14.5%
-9.3%
Q4 24
11.2%
10.8%
Q3 24
-15.9%
7.8%
Q2 24
3.4%
17.6%
Q1 24
-13.3%
1.6%
Capex Intensity
VCEL
VCEL
ZIP
ZIP
Q4 25
2.4%
0.1%
Q3 25
3.9%
0.3%
Q2 25
12.9%
0.3%
Q1 25
27.0%
0.3%
Q4 24
18.3%
0.4%
Q3 24
33.5%
0.2%
Q2 24
31.8%
0.1%
Q1 24
27.3%
0.1%
Cash Conversion
VCEL
VCEL
ZIP
ZIP
Q4 25
0.65×
Q3 25
4.35×
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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