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Ginkgo Bioworks Holdings vs Arcus Biosciences

Arcus Biosciences is the larger business, with $247m of revenue in fiscal 2025 against $170m for Ginkgo Bioworks Holdings (1.5 times as much). Arcus Biosciences grew faster (-4.3% against -25.1%). Arcus Biosciences kept more of each dollar of sales as profit: a net margin of -142.9% against -183.8%.

Latest fiscal yearGinkgo Bioworks HoldingsDNA, 2025Arcus BiosciencesRCUS, 2025
Revenue $170m $247m
Revenue growth -25.1% -4.3%
Net income −$313m −$353m
Operating margin — -156.3%
Net margin -183.8% -142.9%
Return on equity -51.1% -63.3%
Free cash flow −$179m −$484m
Cash $167m $222m
Total debt $0 $100m
Debt to equity — 15.8%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 485 601
Market value $671m $2.39bn
Price vs our value range — —
Moat score 12 (Weak) 10 (Weak)
Insider trades, 12 months 0 buys, 24 sales 0 buys, 0 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.