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Side-by-side financial comparison of Apyx Medical Corp (APYX) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.

Orange County Bancorp, Inc. is the larger business by last-quarter revenue ($33.0M vs $19.2M, roughly 1.7× Apyx Medical Corp). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs -6.8%, a 44.4% gap on every dollar of revenue. On growth, Apyx Medical Corp posted the faster year-over-year revenue change (34.7% vs 20.6%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M vs $-2.8M). Over the past eight quarters, Apyx Medical Corp's revenue compounded faster (36.8% CAGR vs 14.3%).

Bovie Medical Corporation was an American medical device manufacturer of medical devices, electrosurgical products and energy technologies. It was based in Clearwater, Florida with a manufacturing facility in Bulgaria.

Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.

APYX vs OBT — Head-to-Head

Bigger by revenue
OBT
OBT
1.7× larger
OBT
$33.0M
$19.2M
APYX
Growing faster (revenue YoY)
APYX
APYX
+14.1% gap
APYX
34.7%
20.6%
OBT
Higher net margin
OBT
OBT
44.4% more per $
OBT
37.6%
-6.8%
APYX
More free cash flow
OBT
OBT
$44.1M more FCF
OBT
$41.3M
$-2.8M
APYX
Faster 2-yr revenue CAGR
APYX
APYX
Annualised
APYX
36.8%
14.3%
OBT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
APYX
APYX
OBT
OBT
Revenue
$19.2M
$33.0M
Net Profit
$-1.3M
$12.4M
Gross Margin
62.6%
Operating Margin
0.1%
41.4%
Net Margin
-6.8%
37.6%
Revenue YoY
34.7%
20.6%
Net Profit YoY
71.9%
73.5%
EPS (diluted)
$0.94

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
APYX
APYX
OBT
OBT
Q4 25
$19.2M
$33.0M
Q3 25
$12.9M
$33.7M
Q2 25
$11.4M
$32.5M
Q1 25
$9.4M
$28.0M
Q4 24
$14.2M
$27.4M
Q3 24
$11.5M
$27.1M
Q2 24
$12.1M
$27.9M
Q1 24
$10.2M
$25.3M
Net Profit
APYX
APYX
OBT
OBT
Q4 25
$-1.3M
$12.4M
Q3 25
$-2.0M
$10.0M
Q2 25
$-3.8M
$10.5M
Q1 25
$-4.2M
$8.7M
Q4 24
$-4.6M
$7.2M
Q3 24
$-4.7M
$3.2M
Q2 24
$-6.6M
$8.2M
Q1 24
$-7.6M
$9.3M
Gross Margin
APYX
APYX
OBT
OBT
Q4 25
62.6%
Q3 25
64.4%
Q2 25
62.3%
Q1 25
60.1%
Q4 24
63.0%
Q3 24
60.5%
Q2 24
61.7%
Q1 24
58.1%
Operating Margin
APYX
APYX
OBT
OBT
Q4 25
0.1%
41.4%
Q3 25
-6.5%
38.6%
Q2 25
-22.6%
41.9%
Q1 25
-32.4%
40.3%
Q4 24
-21.4%
32.8%
Q3 24
-31.6%
14.8%
Q2 24
-45.7%
36.6%
Q1 24
-64.6%
45.9%
Net Margin
APYX
APYX
OBT
OBT
Q4 25
-6.8%
37.6%
Q3 25
-15.4%
29.7%
Q2 25
-33.2%
32.2%
Q1 25
-44.0%
31.1%
Q4 24
-32.5%
26.2%
Q3 24
-40.9%
11.8%
Q2 24
-54.0%
29.4%
Q1 24
-74.0%
36.7%
EPS (diluted)
APYX
APYX
OBT
OBT
Q4 25
$0.94
Q3 25
$0.75
Q2 25
$0.87
Q1 25
$0.77
Q4 24
$0.64
Q3 24
$0.28
Q2 24
$-0.19
$0.73
Q1 24
$-0.22
$0.82

Balance Sheet & Financial Strength

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

Metric
APYX
APYX
OBT
OBT
Cash + ST InvestmentsLiquidity on hand
$31.7M
Total DebtLower is stronger
$37.5M
Stockholders' EquityBook value
$14.5M
$284.4M
Total Assets
$66.8M
$2.7B
Debt / EquityLower = less leverage
2.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APYX
APYX
OBT
OBT
Q4 25
$31.7M
Q3 25
$25.1M
Q2 25
$29.3M
Q1 25
$31.0M
Q4 24
$31.7M
Q3 24
$28.0M
Q2 24
$32.7M
Q1 24
$37.3M
Total Debt
APYX
APYX
OBT
OBT
Q4 25
$37.5M
Q3 25
$37.5M
Q2 25
$37.5M
Q1 25
$37.5M
Q4 24
$37.5M
Q3 24
$37.5M
Q2 24
Q1 24
Stockholders' Equity
APYX
APYX
OBT
OBT
Q4 25
$14.5M
$284.4M
Q3 25
$5.8M
$270.1M
Q2 25
$7.3M
$252.6M
Q1 25
$10.5M
$201.3M
Q4 24
$14.2M
$185.5M
Q3 24
$11.0M
$193.1M
Q2 24
$14.7M
$177.5M
Q1 24
$20.3M
$168.7M
Total Assets
APYX
APYX
OBT
OBT
Q4 25
$66.8M
$2.7B
Q3 25
$57.4M
$2.6B
Q2 25
$58.2M
$2.6B
Q1 25
$60.2M
$2.6B
Q4 24
$64.8M
$2.5B
Q3 24
$60.7M
$2.5B
Q2 24
$65.4M
$2.5B
Q1 24
$70.7M
$2.5B
Debt / Equity
APYX
APYX
OBT
OBT
Q4 25
2.58×
Q3 25
6.41×
Q2 25
5.17×
Q1 25
3.57×
Q4 24
2.64×
Q3 24
3.40×
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
APYX
APYX
OBT
OBT
Operating Cash FlowLast quarter
$-2.5M
$43.8M
Free Cash FlowOCF − Capex
$-2.8M
$41.3M
FCF MarginFCF / Revenue
-14.6%
125.1%
Capex IntensityCapex / Revenue
1.4%
7.6%
Cash ConversionOCF / Net Profit
3.53×
TTM Free Cash FlowTrailing 4 quarters
$-9.1M
$69.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APYX
APYX
OBT
OBT
Q4 25
$-2.5M
$43.8M
Q3 25
$-3.5M
$30.2M
Q2 25
$-1.2M
$-5.0M
Q1 25
$-702.0K
$4.8M
Q4 24
$-2.9M
$34.6M
Q3 24
$-4.4M
$10.2M
Q2 24
$-4.3M
$9.3M
Q1 24
$-6.3M
$2.3M
Free Cash Flow
APYX
APYX
OBT
OBT
Q4 25
$-2.8M
$41.3M
Q3 25
$-4.1M
$29.6M
Q2 25
$-1.5M
$-5.7M
Q1 25
$-757.0K
$4.3M
Q4 24
$-3.2M
$32.9M
Q3 24
$-4.6M
$10.0M
Q2 24
$-4.6M
$9.2M
Q1 24
$-6.4M
$2.0M
FCF Margin
APYX
APYX
OBT
OBT
Q4 25
-14.6%
125.1%
Q3 25
-31.5%
87.8%
Q2 25
-13.2%
-17.5%
Q1 25
-8.0%
15.5%
Q4 24
-22.4%
120.0%
Q3 24
-40.0%
36.7%
Q2 24
-38.0%
32.8%
Q1 24
-62.2%
7.9%
Capex Intensity
APYX
APYX
OBT
OBT
Q4 25
1.4%
7.6%
Q3 25
4.0%
1.8%
Q2 25
2.3%
2.3%
Q1 25
0.6%
1.8%
Q4 24
1.7%
6.3%
Q3 24
1.3%
1.1%
Q2 24
2.4%
0.4%
Q1 24
0.3%
1.0%
Cash Conversion
APYX
APYX
OBT
OBT
Q4 25
3.53×
Q3 25
3.01×
Q2 25
-0.47×
Q1 25
0.56×
Q4 24
4.83×
Q3 24
3.19×
Q2 24
1.13×
Q1 24
0.24×

Financial Flow Comparison

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

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