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Side-by-side financial comparison of Aptiv (APTV) and ORION ENERGY SYSTEMS, INC. (OESX). Click either name above to swap in a different company.
Aptiv is the larger business by last-quarter revenue ($5.2B vs $21.1M, roughly 244.3× ORION ENERGY SYSTEMS, INC.). Aptiv runs the higher net margin — 2.7% vs 0.8%, a 1.9% gap on every dollar of revenue. On growth, ORION ENERGY SYSTEMS, INC. posted the faster year-over-year revenue change (7.7% vs 5.0%). Aptiv produced more free cash flow last quarter ($651.0M vs $-1.1M). Over the past eight quarters, Aptiv's revenue compounded faster (2.5% CAGR vs -10.6%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Orion Energy Systems, Inc. is an American LED lighting and intelligent controls enterprise, founded in Plymouth, Wisconsin, and headquartered in Manitowoc, Wisconsin
APTV vs OESX — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $21.1M |
| Net Profit | $138.0M | $160.0K |
| Gross Margin | 18.7% | 30.9% |
| Operating Margin | 8.2% | 1.8% |
| Net Margin | 2.7% | 0.8% |
| Revenue YoY | 5.0% | 7.7% |
| Net Profit YoY | -48.5% | 110.6% |
| EPS (diluted) | $0.63 | $0.04 |
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.
| Q4 25 | $5.2B | $21.1M | ||
| Q3 25 | $5.2B | $19.9M | ||
| Q2 25 | $5.2B | $19.6M | ||
| Q1 25 | $4.8B | $20.9M | ||
| Q4 24 | $4.9B | $19.6M | ||
| Q3 24 | $4.9B | $19.4M | ||
| Q2 24 | $5.1B | $19.9M | ||
| Q1 24 | $4.9B | $26.4M |
| Q4 25 | $138.0M | $160.0K | ||
| Q3 25 | $-355.0M | $-581.0K | ||
| Q2 25 | $393.0M | $-1.2M | ||
| Q1 25 | $-11.0M | $-2.9M | ||
| Q4 24 | $268.0M | $-1.5M | ||
| Q3 24 | $363.0M | $-3.6M | ||
| Q2 24 | $938.0M | $-3.8M | ||
| Q1 24 | $218.0M | $1.6M |
| Q4 25 | 18.7% | 30.9% | ||
| Q3 25 | 19.5% | 31.0% | ||
| Q2 25 | 19.1% | 30.1% | ||
| Q1 25 | 19.1% | 27.4% | ||
| Q4 24 | 19.6% | 29.4% | ||
| Q3 24 | 18.6% | 23.1% | ||
| Q2 24 | 19.2% | 21.6% | ||
| Q1 24 | 17.9% | 25.8% |
| Q4 25 | 8.2% | 1.8% | ||
| Q3 25 | -3.4% | -1.2% | ||
| Q2 25 | 9.3% | -5.2% | ||
| Q1 25 | 9.3% | -12.7% | ||
| Q4 24 | 9.8% | -6.4% | ||
| Q3 24 | 10.4% | -16.9% | ||
| Q2 24 | 8.7% | -17.2% | ||
| Q1 24 | 8.5% | 6.8% |
| Q4 25 | 2.7% | 0.8% | ||
| Q3 25 | -6.8% | -2.9% | ||
| Q2 25 | 7.5% | -6.4% | ||
| Q1 25 | -0.2% | -13.9% | ||
| Q4 24 | 5.5% | -7.7% | ||
| Q3 24 | 7.5% | -18.7% | ||
| Q2 24 | 18.6% | -18.9% | ||
| Q1 24 | 4.4% | 6.1% |
| Q4 25 | $0.63 | $0.04 | ||
| Q3 25 | $-1.63 | $-0.17 | ||
| Q2 25 | $1.80 | $-0.04 | ||
| Q1 25 | $-0.05 | $1.32 | ||
| Q4 24 | $1.22 | $-0.46 | ||
| Q3 24 | $1.48 | $-1.10 | ||
| Q2 24 | $3.47 | $-0.12 | ||
| Q1 24 | $0.79 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $4.7M |
| Total DebtLower is stronger | $7.5B | $9.8M |
| Stockholders' EquityBook value | $9.2B | $11.8M |
| Total Assets | $23.4B | $48.3M |
| Debt / EquityLower = less leverage | 0.81× | 0.83× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $4.7M | ||
| Q3 25 | $1.6B | $5.2M | ||
| Q2 25 | $1.4B | $3.6M | ||
| Q1 25 | $1.1B | $6.0M | ||
| Q4 24 | $1.6B | $7.5M | ||
| Q3 24 | $1.8B | $5.4M | ||
| Q2 24 | $2.2B | $5.7M | ||
| Q1 24 | $941.0M | $5.2M |
| Q4 25 | $7.5B | $9.8M | ||
| Q3 25 | $7.6B | $9.9M | ||
| Q2 25 | $7.8B | $8.5M | ||
| Q1 25 | $7.6B | $10.3M | ||
| Q4 24 | $7.8B | — | ||
| Q3 24 | $8.3B | $12.5M | ||
| Q2 24 | $5.5B | $13.5M | ||
| Q1 24 | $4.7B | $10.0M |
| Q4 25 | $9.2B | $11.8M | ||
| Q3 25 | $9.3B | $11.4M | ||
| Q2 25 | $9.7B | $10.8M | ||
| Q1 25 | $9.0B | $11.9M | ||
| Q4 24 | $8.8B | $14.5M | ||
| Q3 24 | $8.9B | $15.8M | ||
| Q2 24 | $11.5B | $19.1M | ||
| Q1 24 | $11.1B | $22.5M |
| Q4 25 | $23.4B | $48.3M | ||
| Q3 25 | $23.5B | $47.9M | ||
| Q2 25 | $23.9B | $49.0M | ||
| Q1 25 | $23.1B | $52.5M | ||
| Q4 24 | $23.5B | $52.7M | ||
| Q3 24 | $24.8B | $56.3M | ||
| Q2 24 | $24.8B | $59.8M | ||
| Q1 24 | $23.6B | $63.2M |
| Q4 25 | 0.81× | 0.83× | ||
| Q3 25 | 0.82× | 0.87× | ||
| Q2 25 | 0.80× | 0.79× | ||
| Q1 25 | 0.85× | 0.87× | ||
| Q4 24 | 0.89× | — | ||
| Q3 24 | 0.93× | 0.79× | ||
| Q2 24 | 0.48× | 0.71× | ||
| Q1 24 | 0.42× | 0.44× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | $-897.0K |
| Free Cash FlowOCF − Capex | $651.0M | $-1.1M |
| FCF MarginFCF / Revenue | 12.6% | -5.4% |
| Capex IntensityCapex / Revenue | 3.2% | 1.2% |
| Cash ConversionOCF / Net Profit | 5.93× | -5.61× |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-905.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | $-897.0K | ||
| Q3 25 | $584.0M | $1.8M | ||
| Q2 25 | $510.0M | $-515.0K | ||
| Q1 25 | $273.0M | $-699.0K | ||
| Q4 24 | $1.1B | $3.8M | ||
| Q3 24 | $499.0M | $498.0K | ||
| Q2 24 | $643.0M | $-3.0M | ||
| Q1 24 | $244.0M | $175.0K |
| Q4 25 | $651.0M | $-1.1M | ||
| Q3 25 | $441.0M | $1.6M | ||
| Q2 25 | $361.0M | $-570.0K | ||
| Q1 25 | $76.0M | $-750.0K | ||
| Q4 24 | $894.0M | $3.7M | ||
| Q3 24 | $326.0M | $493.0K | ||
| Q2 24 | $417.0M | $-3.0M | ||
| Q1 24 | $-21.0M | $144.0K |
| Q4 25 | 12.6% | -5.4% | ||
| Q3 25 | 8.5% | 7.9% | ||
| Q2 25 | 6.9% | -2.9% | ||
| Q1 25 | 1.6% | -3.6% | ||
| Q4 24 | 18.2% | 19.1% | ||
| Q3 24 | 6.7% | 2.5% | ||
| Q2 24 | 8.3% | -15.0% | ||
| Q1 24 | -0.4% | 0.5% |
| Q4 25 | 3.2% | 1.2% | ||
| Q3 25 | 2.7% | 1.3% | ||
| Q2 25 | 2.9% | 0.3% | ||
| Q1 25 | 4.1% | 0.2% | ||
| Q4 24 | 3.4% | 0.1% | ||
| Q3 24 | 3.6% | 0.0% | ||
| Q2 24 | 4.5% | 0.1% | ||
| Q1 24 | 5.4% | 0.1% |
| Q4 25 | 5.93× | -5.61× | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.30× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.96× | — | ||
| Q3 24 | 1.37× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 1.12× | 0.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
OESX
| Lighting Product And Installation | $11.9M | 56% |
| Electric Vehicle Charging Systems | $4.7M | 22% |
| Maintenance Services | $4.4M | 21% |
